@Freddraven @traderroni @EbonyJones @Georg414 @togr
How is using diff brokers related to diversifying...? You diversify by investing in range of assets in different markets, may be indexes, forex, crypto, stocks real estates etc. you'r broker may not be providing all of these so u'll take on a new one and have two. But i was talking about10-20 and more brokers. which is not at all for diversification.@Freddraven
customer service and low commission ...? even my broker is ulta low with that. it even provides local help even when it is european.@traderroni
why will i split my funds into diff brokers just for their good points..? deposit and withdraws have more commission on bank side and they dont even make a discount if ur with a large amount. they just ask more. so if u r doing it then u surely need to be rectified.@EbonyJones
you compare ur broker for once, may be for one day may be for whole day. the u either stay with old one or move to new one. u don't stay with 10's and 20's of them forever.@Georg414
you have confused broker with assets.
you can't diversify by using diff broker for same asset. it's simple maths.@togr
more brokers=more profit?? better spread and better execution??
It is infact more cumbersome and lagging and less profit.
secondly you diversify with assets not brokers.
lastly all these brokers supply their data on weekly basis which will prevent their bankruptcy, if ever it will be a slow gradual process evident since years before the event,nothing such happens in a day.
moreover their organisations they are registered with are there to prevent any such event from happening.
Maybe the the company whose stock you own might be declared bankrupt overnight. in which case u'll be ruined no matter how many broker you were trading with.
finally check the 2nd comment. it is the only evident reason why ppl use so many account.
Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.