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Do you place your money in one broker or divide it?
Membro Desde Feb 05, 2015
3 postagens
Feb 16, 2015 at 08:16
Membro Desde Feb 05, 2015
3 postagens
I am curious what other people do:
I always have a certain fear, my money is never safe online. Many already experienced like frozen accounts, from gaming to ewallets and broker platforms.
Do you guys stick it in one broker or use multiple? in case something happens to one, you are not stuck at all anyway.
Might be a dumb question lol so don't shoot me lol.
I always have a certain fear, my money is never safe online. Many already experienced like frozen accounts, from gaming to ewallets and broker platforms.
Do you guys stick it in one broker or use multiple? in case something happens to one, you are not stuck at all anyway.
Might be a dumb question lol so don't shoot me lol.
Membro Desde Jan 16, 2014
416 postagens
Feb 16, 2015 at 12:05
Membro Desde Jan 16, 2014
416 postagens
Personally, I prefer to share my capital. Though, deposits are safe with most brokers (at least when they are regulated), it is still the best to make sure you have a plan B for a worst case scenario (broker goes bankrupt).
Membro Desde Feb 11, 2015
25 postagens
Feb 16, 2015 at 12:33
Membro Desde Feb 11, 2015
25 postagens
I keep my money together but change brokers regularly. That way I avoid slippages and feel safer.
Membro Desde Feb 11, 2015
25 postagens
Feb 16, 2015 at 12:33
Membro Desde Feb 11, 2015
25 postagens
Forex21 posted:
Personally, I prefer to share my capital. Though, deposits are safe with most brokers (at least when they are regulated), it is still the best to make sure you have a plan B for a worst case scenario (broker goes bankrupt).
Isn't there something like an insurance for such a case? Where the broker goes bankrupt?
Membro Desde Feb 22, 2011
4862 postagens
Feb 16, 2015 at 13:15
Membro Desde Feb 22, 2011
4862 postagens
RlySrsly posted:
I am curious what other people do:
I always have a certain fear, my money is never safe online. Many already experienced like frozen accounts, from gaming to ewallets and broker platforms.
Do you guys stick it in one broker or use multiple? in case something happens to one, you are not stuck at all anyway.
Might be a dumb question lol so don't shoot me lol.
@RlySrsly
Always diversify. Different accounts at different brokers and currencies.
Membro Desde Feb 05, 2015
3 postagens
Feb 17, 2015 at 08:39
Membro Desde Feb 05, 2015
3 postagens
Thx for the replies.
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
Membro Desde Feb 22, 2011
4862 postagens
Feb 17, 2015 at 11:04
Membro Desde Feb 22, 2011
4862 postagens
RlySrsly posted:
Thx for the replies.
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
Well it is always better to diversify,
Imagine you had account in RUB or EUR only. In such case you lost a lot recently.
Membro Desde Feb 11, 2015
25 postagens
Feb 17, 2015 at 11:10
Membro Desde Feb 11, 2015
25 postagens
RlySrsly posted:
Thx for the replies.
@dty12 : I am not completely aware how far a retail trader is protected. probably depending on the brokers policy too.
But also my question was pointing to the case if you bet it all on one horse or several. Lets say your money is stuck in an account (frozen for example due various reasons) you won't be able to trade until its re-opened.
@vontogr : Different currencies? for what specific reason(s) you would do so?
What do you do yourself?
Membro Desde Feb 05, 2015
3 postagens
Feb 17, 2015 at 13:14
Membro Desde Feb 05, 2015
3 postagens
At the moment I am only based on one broker. But I am planning to add one more with the same amount of original equity I used to start with with my first broker.
Atm its in EURO currency.
Atm its in EURO currency.
forex_trader_234835
Membro Desde Mar 04, 2015
61 postagens
Mar 10, 2015 at 20:11
Membro Desde Mar 04, 2015
61 postagens
Now I will share the money between different brokers (especially after it failed to withdraw profits from Alpari)
Membro Desde Sep 09, 2014
65 postagens
Mar 11, 2015 at 03:22
Membro Desde Sep 09, 2014
65 postagens
Stay with only one. Why do you need to look for other brokers if you already have the most confortable fo you?
There can't be enough money
Membro Desde Dec 10, 2014
107 postagens
Mar 13, 2015 at 19:52
Membro Desde Dec 10, 2014
107 postagens
Now I am using the services of one broker, but totally I have traded with almost ten companies. sometimes there were two companies at the same time.
Let's make a profit)))
Membro Desde May 25, 2014
3 postagens
Mar 14, 2015 at 14:11
Membro Desde May 25, 2014
3 postagens
Never use only one
1) You never know if they will pay you back (counterparty risk diversification)
2) In case your broker has technichal problems (server,...) you can hedge positions with another.
but of course it depends on the amount you are trading with - if you have less than 5k stick with one.
1) You never know if they will pay you back (counterparty risk diversification)
2) In case your broker has technichal problems (server,...) you can hedge positions with another.
but of course it depends on the amount you are trading with - if you have less than 5k stick with one.
Membro Desde Jan 22, 2013
6 postagens
Mar 14, 2015 at 14:11
Membro Desde Jan 22, 2013
6 postagens
I have three different broker accounts - brokers do go broke, even reputable ones and it seems best to spread your capital around. In the same way you wouldn't keep all your capital in your trading account, only the 20% or so that you would trade with on a monthly basis.
Membro Desde Jan 19, 2015
206 postagens
Mar 15, 2015 at 08:04
Membro Desde Jan 19, 2015
206 postagens
its better to us 2-3 brokers and divide ur trades too if its difficult to manage more than one account manage only one using an ea called trade copier free use technology to protect ur money
Greed and Non acceptance are the biggest enemies
Membro Desde Jan 19, 2015
206 postagens
Mar 15, 2015 at 08:13
Membro Desde Jan 19, 2015
206 postagens
google mt4i copier and try it on demo with different deposit like 1000 10k and 100k u will see its usefull in managing the bigger account using smaller as it creates positions according to percentage but be wise with smaller account copier synchronises your trade with different brokers
Greed and Non acceptance are the biggest enemies
Membro Desde Feb 04, 2015
12 postagens
Mar 19, 2015 at 07:43
Membro Desde Feb 04, 2015
12 postagens
one company for real, and testing couples of other brokers on demo
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