Yes at least save some money when the other broker defaults..!Trading with several brokers is a good idea, you can test them and choose the better terms.
I also try to keep eggs in different baskets trading with several brokers. Basically I divide one big order between 3 brokers to get better execution. Smaller orders get executed better and faster what becomes quite noticeable during news trading.I probably have accounts with 4 different brokers. Theres so many brokers out there these days.
I currently have two and would look to a third broker possibly. I just find that spreading my risk is preferable to keeping it all in the same place. Perhaps I'm incredibly cynical. Currently I use one broker mainly for an EA that I run and another for my manual trading. I could do this with different accounts on the same broker I realise but this way just works for me
Don`t know about the safe but for me it`s more distracting for sure.Is it safe to trade with more than one broker and the risk in it is higher than normal ???
Is it safe to trade with more than one broker and the risk in it is higher than normal ???