I have been struggling with this issue for a while. I have several small accounts with different brokers - if i consolidate it would be close to 220k. However, I am a little afraid of putting all my funds in one broker since i have heard some horror stories. I want to consolidate because right now same trade i have to do on 18 accounts, i would rather do it on one.
Can you people just tell me if you have a 100k+ account, for how long and with which broker so i could make a good decision. or should i just keep several small accounts?
Interactive Brokers can be trusted IMO and also MB Trading (they are ECN). When my account is that large, I’ll probably put the bulk of it with MBT, my past experience with them is that they are very honest, their downside is they are still figuring out how the internet works … a bit prehistoric in trading platform, funding options etc.
However I agree you should have at least 2-3 accounts. Ya never know!!!