Trading with several brokers

sarah2701

Recruit
Messages
57
Is it safe to trade with more than one broker? I read reviews from traders mentioning that we can miss on particular trades and lead to certain losses. Is it true?
Exactly trading with multiple brokers can be confusing too. There are chances that you miss the best trading conditions.
 

ele020

Sergeant
Messages
169
According to me 2 brokers are sufficient. trading with 2 brokers side by side help you analyse the trading environment better. However, trading with more than 2 will lead to complexity.
 

Kirstysingy

Recruit
Messages
25
I would say you only need one, but may take trying a few before you settle. As others have said if you have a decent sum of money I would be tempted to have more than one
 

Forexathome

Private, 1st Class
Messages
31
I mainly stick with 2 but also jump on another couple for big trades. Just good to spread capital about.
 

LHill97

Private, 1st Class
Messages
49
I think everyone is different and needs different things from different brokers.
Depending on the instruments you want to trade etc.

I use 2 different brokers for FX/Crypto and Indices/Indexes
 

bigdolly

2nd Lieutenant
Messages
1,125
I trade with several brokers, but the key to use them properly is not to try to trade here and there but to set up simultaneous execution using master account. Thus you achieve better execution (as small lots are executed better) and stable transaction costs (due to averaging)
 
Top