For how long do you stick to one broker

[abrahampadilla]

As I don’t know any trader personally, I had these questions in my mind and am curious to know from my fellow traders here on this forum.
How many trading accounts do you have? How long do you stick to one broker or do you use more than one broker at the same time?

 

[Alexander Hudson]

Broker is the most important thing in this market.

 

[Oscar Shumack]

Choosing a broker is not so easy thing.

 

[Gito Dinev]

If it is good, stick with it until you find a better one.

 

[Mark Dahl]

Choose broker carefully. It is hard and time-consuming to change brokers.

 

[Alicia Lynch]

Choosing a broker requires a lot of research and after doing research, you need to build knowledge about that broker using the broker's demo platform.

 

[Eduardo Lucchese]

A broker is the main thing in this market. You should pick a good broker for making money from this market.

 

[abrahampadilla]

Choose broker carefully. It is hard and time-consuming to change brokers.

That's exactly right. We can't change the broker every two months and test each broker by using their demo accounts for 2-3 weeks. After a while it all feels like a pain in the neck.

 

[abrahampadilla]

If it is good, stick with it until you find a better one.

Do you trade through only one broker at a time?

 

[abrahampadilla]

Choosing a broker requires a lot of research and after doing research, you need to build knowledge about that broker using the broker's demo platform.

As they say "never put all your eggs in one basket" I am not sure if its safe to invest all your money with one brokerage.

 

[Alicia Lynch]

As they say "never put all your eggs in one basket" I am not sure if its safe to invest all your money with one brokerage.

That’s right, all brokers need to be exploited differently.

 

[David Marco]

Brokers play an important role in this market.

 

[abrahampadilla]

That’s right, all brokers need to be exploited differently.

That’s true! But it’s just that a lot of work goes into choosing the right broker. If you carelessly choose any broker without giving importance to your considerations, it’s a losing battle.

 

[abrahampadilla]

Brokers play an important role in this market.

A trader’s success very much depends upon the choice of the broker. If your broker is not right, you’ll never be able to make money in this highly competitive market.

 

[Alicia Lynch]

This means that the regulation of the broker, how to increase the profit ratio of the trader of the broker, such as spread, leverage, margin call, etc. will be properly supported.

 

[Kevin Vogt]

Regulation of a broker is very important. In unregulated brokers your money not be save for long time. If anything unwanted happened, no one will be there to look into it.

 

[Cooper Truebridge]

I have to trade with the right broker. Otherwise, it will be very difficult to make a profit. And the right broker has some character. For example, tight spread, no commission charge, no hidden charge, etc.

 

[kathrinedees]

I had been trading with FinproTrading before and now again got back to them. Maybe it’s because of the favorable trading conditions, not gonna look for a change anytime soon.

 

[abrahampadilla]

I have to trade with the right broker. Otherwise, it will be very difficult to make a profit. And the right broker has some character. For example, tight spread, no commission charge, no hidden charge, etc.

I think it’s great to already know what you want your broker to provide. Otherwise, you won’t be doing anything more than searching for something in complete darkness.

 

[abrahampadilla]

Regulation of a broker is very important. In unregulated brokers your money not be save for long time. If anything unwanted happened, no one will be there to look into it.

Not sure what your experience with unregulated brokers has been. But if you look around, most traders are using offshore brokers because of the better trading conditions they offer.