Can I use two Brokers

Yes, you can…I use Trader’s Way, Alpari and FXCM and a few other traders use even more…
So yes, to answer your query, you can use two or more brokers…

yeah, i read about some IBs trading with 14 brokers at the same time :slight_smile: its ok as long as you can manage it, i trade with one broker at the moment, hotforex, and had to let go of the other one, its not that easy for me to do both :smiley: best of luck :slight_smile:

Am glad you figured that out, its one of the best ways to make profit. Also, its like an insurance in case any of the brokers decides to go AWOL.

[QUOTE=“mercybond;485248”]

Am glad you figured that out, its one of the best ways to make profit. Also, its like an insurance in case any of the brokers decides to go AWOL. I trust Profiforex anyway, its not easy to find a very transparent broker who cares about their traders.[/QUOTE]

Lol… One of the best ways to make profit…?? How exactly are you making more profit by doing that. If anything it reduces profit as it introduces a lot more opportunity for error then just using one broker… Best case scenario the profit is exactly the same as using one broker

Not exactly a way to make money! but I just want to remain in business should the unexpected occurs.

Do you really think, someone can manage 14 accounts with 14 brokers, that can be challenge. I have ready about Hotforex, but they don’t impress me. Which broker did you give up for them.

I gave up an indonisian based broker that had an office here in the philippines, that was way back early last year, and to be honest it had to many gray areas about it so i pulled out early, 14 accounts aint easy for just one person thats for sure, but some people would do crazy stuff for affiliate programs :smiley: hotforex is alright, like for me personally I have nothing to complain about, im not master trader but i still get small profits and get paid so its all good.

Well, I used to roll with 2 brokers a couple months back but being a huge noob, I felt like 1 broker was more than enough for me. I’m still trading with one of those brokers though, profiforex, and I still am a newbie.

I have more than 23 reasons to trade with FXPRIMUS: 23 Reasons to Trade with Us - FXPRIMUS The Safest Place To Trade :smiley:

Each broker lets you try their practice account. You can try them one by one until you found a suitable one for yourself.

Is good idea to use two brokers, aside the fact that you get enjoy both advantages. You don’t have to put all your investment in one place, plus it exposes you to different platforms all together. though currently am using but am making research on profiforex to see if i can open an account with them.

Am sure you can open an account with them. There are no restriction, it does not matter which country you are from, you get same benefit as others. You can check out the spreads and commission and you’ll be impressed.

If you find 2 brokers that have matching prices (same quotes provider) and both give you at least 100% bonus on your deposit - you can trade with both of them. You need to place an opposite trades at the same time, this way you can win the bonus on 1 platform and lose it on the other, but you will still keep the money you deposited in both places.

This is what we call Hedging. But this time, it has be done using two brokers. If you want to make more profit using this system, you’ll need to close out the losing trade and let the winning trade accumulate more pips.

yeah you can use more than one broker but for me i prefer using one broker so that i can manage my money well, and save.

you can use more than two brokers but you have to find a broker that who will satisfy your demands, the thing that made me not to trade with profiforex is that their withdrawal is not automatic.

Each broker has its advantages. If you can’t get everything you want from a particular broker, then you can open an account with another. The fact is, a broker cannot not offer you everything.

Sorry, can I ask what’s bad in manual withdrawals?

I prefer to use one broker to manage my money properly but its not uncommon for people to use two.

I also prefer one broker (Freshforex) we need peace of mind and with one broker we focus on other things, but still I am not against using of multiple brokers if you want to do it for some reason. I have used multiple brokers often when I want to test out any particular strategy or method, but not otherwise.

I think there’s nothing wrong with opening several accounts with different brokers. I have accounts with various brokers. That way I have a chance to look at the work of each individual broker. I can compare them and decide which one is better! and also, if one of the brokers goes broke, i will lose only part of the money.