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more than 1 broker at the same time

Magixs (Magiic)
May 09 2016 at 12:21
435 posts
ICMarkets are great, haven't had server down time in quite a long time now.

Meltafoz
Jan 02 2017 at 08:46
15 posts
Just nothing special about that. Especially if you open the same trades on all of them that would be reasonable to compare your brokers

Tiffany (TiffanyK)
Jan 23 2017 at 15:39
427 posts
I find it very useful to compare as more brokers as you can. Because if you want to trade with different strategies – you may also need to find the best broker for each strategy (best broker on spreads, on execution time, on lower commissions, for scalping … etc. ) Then you can exchange your balance between brokers and made more profits. Go for it 😄

Accept the loss as experience
vontogr (togr)
Jan 23 2017 at 15:39
4862 posts
TiffanyK posted:
I find it very useful to compare as more brokers as you can. Because if you want to trade with different strategies – you may also need to find the best broker for each strategy (best broker on spreads, on execution time, on lower commissions, for scalping … etc. ) Then you can exchange your balance between brokers and made more profits. Go for it 😄


Exactly.
I do differentiate my portfolio over different systems, pairs and brokers.

Rebecca Pettersson (kerstin71)
Apr 14 2017 at 23:23
40 posts
Why not? I think it is a smart idea trading from 2 different brokers. You can find some different experience. I use FxPro for Swing trade (Mostly major as they have higher spread for cross pairs), And FCA regulated Tickmill for scalping.
Recently scalping is my primary trading method as market uncertainty is growing. Whatever your broker choice, don't go without FCA regulation.

Helping new traders
forxprotrade
Apr 18 2017 at 11:25
6 posts
Yes of course, its legal to use more than 1 FX broker at the same time, in fact this way you get to diversify your portfolio, experience different trading conditions and deploy different strategies according to the different conditions for the best results.

Lewis44
May 01 2017 at 11:24
5 posts
I find it very helpful to have two brokers, especially if there is high volatility. The spread on one broker can be massively different to another

ema123
May 19 2017 at 08:18
32 posts
forxprotrade posted:
Yes of course, its legal to use more than 1 FX broker at the same time, in fact this way you get to diversify your portfolio, experience different trading conditions and deploy different strategies according to the different conditions for the best results.


Agreed! There’s no harm in going for more than one broker at the same time. It can actually benefit your trading strategies. At least it did for me. I mostly do long term trading plus day trading sometimes and have been operating with tickmill and finpro trading. I am taking benefits of both good trading conditions and low spreads. Diversifying your risk is always better.


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