Do you place your money in one broker or divide it?

Feb 16, 2015 at 08:16
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16 Replies
Member Since Feb 05, 2015   3 posts
Feb 16, 2015 at 08:16
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.



Member Since Jan 16, 2014   416 posts
Feb 16, 2015 at 12:05
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).
Member Since Feb 11, 2015   25 posts
Feb 16, 2015 at 12:33
I keep my money together but change brokers regularly. That way I avoid slippages and feel safer.
Member Since Feb 11, 2015   25 posts
Feb 16, 2015 at 12:33
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?
Member Since Feb 22, 2011   4862 posts
Feb 16, 2015 at 13:15
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.
Member Since Feb 05, 2015   3 posts
Feb 17, 2015 at 08:39
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?
Member Since Feb 22, 2011   4862 posts
Feb 17, 2015 at 11:04
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.
Member Since Feb 11, 2015   25 posts
Feb 17, 2015 at 11:10
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?
Member Since Feb 05, 2015   3 posts
Feb 17, 2015 at 13:14
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.
Golden_Midas
forex_trader_234835
Member Since Mar 04, 2015   61 posts
Mar 10, 2015 at 20:11
Now I will share the money between different brokers (especially after it failed to withdraw profits from Alpari)
Member Since Sep 09, 2014   65 posts
Mar 11, 2015 at 03:22
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
Member Since Dec 10, 2014   107 posts
Mar 13, 2015 at 19:52
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)))
Member Since May 25, 2014   3 posts
Mar 14, 2015 at 14:11
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.
Member Since Jan 22, 2013   6 posts
Mar 14, 2015 at 14:11
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.
Member Since Jan 19, 2015   206 posts
Mar 15, 2015 at 08:04
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
Member Since Jan 19, 2015   206 posts
Mar 15, 2015 at 08:13
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
Member Since Feb 04, 2015   12 posts
Mar 19, 2015 at 07:43
one company for real, and testing couples of other brokers on demo
Read, Learn, Earn
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