Trading with several brokers

bigdolly

2nd Lieutenant
Messages
1,059
Great, I also use three brokers because it is better in terms of execution. you split orders and submit them via master account. Also average spread (from my brokers) is generally better than average spread from one single broker. It is very important point which I realised but a bit late. Currently I trade with Hotforex, Tickmill and IB.
 

Bentley11

Recruit
Messages
3
I will be live trading soon, would like to know if I should trade with more than one broker?

Because with more than one, there is a possibility that I can win with one of the brokers, but the risk is also higher where I can lose in both trades.
 

Ollly555

Private, 1st Class
Messages
65
Have a main broker and a backup broker one in case the main one has issues. Then I also have a few brokers to test EA's on
 

Purekiller

Recruit
Messages
101
There are those who chose to trade with several borkes for various reasons. When you trade with several brokers you get to a better trader but only if you can handle it. That is because you get to view the forex market from different perspectives. You can then compare how the brokers are showing you the market. You can then decide which brokers right for you and the gradally switch to open broker. You can even decide to stick with all of yoru brokers because there is nothing wrong with that. You just need to take things easy and make sure that you do not mess up because in such a case it is very easy to mess up.
 
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