So far I only have 1 account and a few demo accounts.
I remember someone on this forum mentioned to open a few live accounts with a few fx brokers if you have a large sum of money but did not specify how large the sum was. I also think opening a few accounts would be a hearache cos I already have enough problems dealing with my broker on queries
personally, i think 1 live account is enough for me for one broker, though i have two with separate brokers, it really depends, just think about WHAT IS THERE IN IT FOR YOU, if you think more than one would help you then do it, but if one is enough then why even bother and you said it your self, dealing with one can be a headache 
just dont pour all your money into it if you are not planning on trading it all
If you’re considering opening live accounts with more than one broker because you feel apprehensive about lodging a large sum of money with one broker, then an alternative would be to open a dedicated bank account which you consider an extension to your trading pot. This is what I do. I hold a small percentage of my total bank with my broker, but have a separate bank account with a major bank which is just trading funds. When I place a trade, I risk 1% of my cumulative balance, 1% of the sum total of both the bank account and the trading account. When I withdraw trading profits, I pay them first into this bank account, then on to wherever else I need them.
The only downside is that presumably my broker thinks I’m a cowboy, as I’m risking a large chunk of my trading account per trade, but my account manager is a nice lady and has never said anything to that effect lol.
The only circumstances under which I have considered opening a second trading account were as a way to separate my EOD trading from my Intraday trading, so when Intraday trading I did not see the status of any open EOD trades (I don’t want to tinker with them during the day), but actually I have never bothered.
ST
Well I’m thinking about opening two. One for binary options and one for regular trading.
I opened two for similar reasons, one to test automated strategies on (probably more of a hobby account) and another to do serious manual trading on. I could’ve created two accounts with the same broker but I did want to make use of higher leverage from another broker.
The question lies in what your objectives are. Are you looking to diversify and not have all of your eggs in the preverbal single basket in case a broker goes belly up OR are you trying to avoid certain regulations regarding FIFO principles?
It depends, for example one broker could offer you something that the other may not…and if it is a question of account size, would suggest that you follow simon’s advice on it…
Well for me it’s not to have all eggs in a basket as what someone here advised and also I did wish I had a broker with higher leverage the thing about this eggs in a basket does it refer to a few thousand ten thousand or 100 thousand or even more cos it would be silly opening a few accounts for a small sum and there’s 2 sides to every coIn. With more accounts there’s more management to take care of
If you have enough money to invest then I would suggest you to have multiple accounts I usually trades in mutiples account and my trading style is different in each account from one account I scalp and from one do position trading and from one I do day trading and many brokers allow multiple live account and now they are providing a terminal to handle mulitple account.
Exactly…it makes more sense to opt for multiple brokers depending on what you need and what that particular broker offers…
And yes, while it makes perfect sense to use multiple brokers, there’s always the flip side and in this case, micro managing the lot;
Perhaps that’s enough reason for you to consider opening another account with a different broker.
This would allow you to compare the two and eventually decide to ditch the first one if it is not serving you well any more.
perhaps you just need to take the plunge to allay your concerns 
Duly noted, thank you.
My 2 cents for whatever it may be worth.
One broker account and once you get beyond a certain amount of capital keep all future capital separate in as many bank accounts as required. Trade as if its in one account - not hard to do. Reason for this is under UK law which applies to me, I’m only protected up to £50,000 per account per institution.
I have 2 broker accounts right now because I follow traders in zulutrade and some trade the same currency pair and in order to hedge I can easily do that by having 2 accounts it really helps me.
I do find questions like this a little cart-before-horse, though, particularly in the Newbie Island section - there is no absolute correct answer, there is no ‘should’. I personally think that too many people worry too much about things like this when the underlying trading skill is not yet in place. Sorry if that sounds harsh, but the real answer to this is ‘however many accounts you choose to have’, the rest of us listing our own setups should have zero impact on OP’s decision on how many accounts to have. We each of us need to approach the trading the way we want to, and be quite comfortable ignoring the majority view.
So by all means ask, but also be more than prepared to ignore the responses and do what you want. Following your own instinct is vastly more important than a handful of opinions on an anonymous discussion group, or clapping the latest guru on the back, or whatever else goes on on this site.
I think more than one account is unnecessary, someone else on here will think that ten accounts traded in five different styles with small deposits in each one is the right way to go. If we’re both making money then we’re both right, as that is all that matters when push comes to shove.
Trouble is, you’ll never know reliably who is making the real money around here, so it’s all just so much chat.
Be careful on using the term “hedging” in reference to the FX market as our senior level members will tell you 1 million and one ways as to why hedging in FX is elementary and wrong.
But your comment is certainly valid in my book. 
It is best to open two accounts.
1 big one for normal trading.
1 tiny one for when you can’t resist the urge to do something stupid.
I do agree with what SimonTemplar has said. However I still believe try a few brokers - most need stupidly low minimum deposits and if you have a trading plan/style already defined it really becomes to the point where it is effortless to open a second account.(we all open them up online with scanned id which is saved anyway) I banked with the same bank for 10 years but I didn’t go get a home loan through them. That being said I still use that account for everyday transactions because it suits my needs more. It might be me but I think some of us do decide halfway through developing our strategies and trading plans that our current broker might not be the best. Becoming a loyal customer to a broker or bank might be a good thing - but it is a cut throat business where the $ wins.