Do you place your money in one broker or divide it?
Feb 16, 2015 at 08:16
Przeglądane 898
16 Replies
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.
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.
Uczestnik z Jan 16, 2014
416 postów
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).
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?
Uczestnik z Feb 22, 2011
4862 postów
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.
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?
@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?
Uczestnik z Feb 22, 2011
4862 postów
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.
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?
forex_trader_234835
Uczestnik z Mar 04, 2015
61 postów
Mar 10, 2015 at 20:11
Now I will share the money between different brokers (especially after it failed to withdraw profits from Alpari)
Uczestnik z Sep 09, 2014
65 postów
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
Uczestnik z Dec 10, 2014
107 postów
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)))
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.
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.
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.
Uczestnik z Jan 19, 2015
206 postów
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
Uczestnik z Jan 19, 2015
206 postów
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
Uczestnik z Feb 04, 2015
12 postów
Mar 19, 2015 at 07:43
one company for real, and testing couples of other brokers on demo
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