CryptoatForex
Recruit
- Messages
- 185
Not a bad idea to use more than one broker, I have 3 different accounts.
Trading with several brokers
- Thread starter Antonio_84
- Start date
Qasim waqar
Private, 1st Class
- Messages
- 40
Trade with more brokers or divide your invested amount in 2 or 3 accounts . It will give you a sense of security if one account is in danger other amount will be safe you can grow it with another strategy. Trading with 2 or more brokers is a good idea when broker had great strategy in trading to find best broker offering more benefits.
CryptoatForex
Recruit
- Messages
- 185
I am mainly using REMOVED at the moment.
They have tight spreads and also you can trade Crypto 24/7 with them.
They have tight spreads and also you can trade Crypto 24/7 with them.
Yes it is true approach to save your money when you are not experienced feared that you will loose amount in any emotional trading decision. Trading with more than one broker or dividing your amount in accounts is a solution that you will lose just one part of any account if it is blowup. Then you can compare brokers services , do more investment with your trusted and satisfied broker for future plan .
CryptoatForex
Recruit
- Messages
- 185
I use 2 brokers and happy with both.
EURUSD
Sergeant Major
- Messages
- 1,130
Using several brokers I think also become one option for diversifying capital, with using several brokers if likely one broker facing problem hence still have another hope from the broker that still giving good service, and smoothly to withdraw money from account trading, but choosing right broker also very much important to safety investment
Forexrider
Private
- Messages
- 27
Trading with one brokerage firm is more than enough for all traders with less than $100000, may be when the amount exceeds this range, its time to split the money between the brokers so that you would not be hurt if there was any loss due to unforeseen events.
EURUSD
Sergeant Major
- Messages
- 1,130
For safety reason, sometimes we need to make diversify capital, if we investing huge money on one broker, and then we facing problem with these brokers, whether we getting loss and or margin call account, or we can making good profit but from the broker edge our profit is violating rules then profit cancelled and so on, forex trading is remaining risky and also not all broker are safe, with trading on several brokers this to minimize the risk.
Esannniki12
Recruit
- Messages
- 38
I believe to diversifying capital as well.I have two forex brokers to share my risk and trading style. One is for swing trade and another is daytrade. It's very smooth and fit for me. Anyway, there is no rule or best practice.
How did you understand which broker is better and for which trading style? For example I use my broker both for swing and news trades because I see other brokers bear little difference in terms of range of their trading services.
