myregister Posted November 27, 2014 Share Posted November 27, 2014 More than one account is not that good even not that bad too but it is getting harder when in that other account we want to get the same profit. In one broker actually feel better but i think we need to use more than one device, right? and that is not effective nor efficient. Quote Link to comment Share on other sites More sharing options...
gaban Posted December 3, 2014 Share Posted December 3, 2014 so because then we would be able to get a lot of profit from the forex if we are able to manage your account well and a maximum. for it if we want to trade with multiple accounts at one broker then we must have the skills and good trading psychology Quote Link to comment Share on other sites More sharing options...
eaglehyipmonitor Posted December 3, 2014 Share Posted December 3, 2014 yes i have also more than 1 account in a  broker.because there is no limitation to make account.there is also not any benefit to make same account in a broker. Quote Link to comment Share on other sites More sharing options...
Decub Posted December 4, 2014 Share Posted December 4, 2014 Having more than one account with one broker is like having more than one type o account which is allowed. You can have a lite account, Demo account, cent account, etc. It doesn't mean there are different Verification methods for it because you can get verified with just one means of identification. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 4, 2014 Share Posted December 4, 2014 But is that efficient thing for trader? This question must be asked to a lot of traders outside because not all traders can sustain one account and how can they make their multiple account sustainable?. Overall it is depend on experience once again, i see that more experts or someone who gained experience can handle more than one account. Quote Link to comment Share on other sites More sharing options...
Jacob McGivens Posted December 6, 2014 Share Posted December 6, 2014 No I will never recommend it especially if we have got a good broker, but in case we are not satisfied than fine but in other cases it’s a fat no. I only trade with only broker from last 2 years which is OctaFX, it allows me to know them better and also I can create plans according to their conditions and to be honest I am so much satisfied that I can’t even think of trading with other companies. They have every offer that we might have to combine 3-4 brokers, so there is no logic in trading with other. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 9, 2014 Share Posted December 9, 2014 No I will never recommend it especially if we have got a good broker, but in case we are not satisfied than fine but in other cases it’s a fat no. I only trade with only broker from last 2 years which is OctaFX, it allows me to know them better and also I can create plans according to their conditions and to be honest I am so much satisfied that I can’t even think of trading with other companies. They have every offer that we might have to combine 3-4 brokers, so there is no logic in trading with other.  What logic? It seems you don't tell us what is the parameter here that more than one account is not recommended. As i said before it is all depend on experience and last preference. Preferences here like when i want to earn more but since more brokers only allow one personal account maybe you can send them PM, or just open a PAMM account. Quote Link to comment Share on other sites More sharing options...
Decub Posted December 10, 2014 Share Posted December 10, 2014 People create different accounts for different reasons and if someone has more than one account with a broker, then most apparently, he's got reasons for that and it is usually traders with good skills that tend to initiate that idea. It most often works for those who want to hedge. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 11, 2014 Share Posted December 11, 2014 But as far as i know broker does not allow multiple account unless you create pamm account, so it is standard account + pamm account, not standard account + standard account. Reasoning is good but i am sure mostly will rejected by brokers. Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted February 24, 2015 Share Posted February 24, 2015 But as far as i know broker does not allow multiple account unless you create pamm account, so it is standard account + pamm account, not standard account + standard account. Reasoning is good but i am sure mostly will rejected by brokers. Every broker has own policy. In some broker, we are allowed to open real account. But for me, i try to focus in standard account which i use in TenkoFx. But, i also have demo account to use it learn more about forex  "Bonus beyond the reasonable" Quote Link to comment Share on other sites More sharing options...
myregister Posted February 24, 2015 Share Posted February 24, 2015 Every broker has own policy. In some broker, we are allowed to open real account. But for me, i try to focus in standard account which i use in TenkoFx. But, i also have demo account to use it learn more about forex  "Bonus beyond the reasonable" What do you mean by open a real account? I mean of course that each brokers that exist in this world will allow us to open real account because that is their income and also ours. The problem here is do you love to have more than one account? Quote Link to comment Share on other sites More sharing options...
budado Posted March 13, 2015 Share Posted March 13, 2015 Every broker has own policy. In some broker, we are allowed to open real account. But for me, i try to focus in standard account which i use in TenkoFx. But, i also have demo account to use it learn more about forex  "Bonus beyond the reasonable" is their a broker that does not allow us to open real account? I am sure if theirs such brokerage then its a bankrupt brokerage already. lols. Because the main reason why they are in business because they have clients like us. If they don't allow us to open a real account then what do they going to expect us to do? Trade in demo account only? lols. Quote Link to comment Share on other sites More sharing options...
rizwanramzan Posted March 14, 2015 Share Posted March 14, 2015 I am not a professional forex trader but still I can say that having multiple trading accounts is not good. Because forex trading is not a child's play. A trader needs to concentrate on every trade properly. Without having focus on his/her business, a trader will have to face loss. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 25, 2015 Share Posted March 25, 2015 There are 2 conditions for that first you must have enough experience and already having good knowledge plus nice system, second is the opposite of the first condition, you don't have any of above or at least only small bit. Then if you are in the 1st condition, having more than one account is fine thus not advisable, but if you are in the 2nd condition, having more than one account is prohibited according to me. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 29, 2015 Share Posted May 29, 2015 Well this is really bad for sure having more than one account in one broker so far is not allowed by all brokers, this is as far as i know, but if you mean by open an account is something like open a demo account or open a PAMM account then that is still possible. Quote Link to comment Share on other sites More sharing options...
onyx Posted June 3, 2015 Share Posted June 3, 2015 I am trading with Mayzus and they are offering different types of account and I have two of them. It depends on us to have more than one accounts in same broker; one for practicing a strategy and other for normal trading. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 22, 2015 Share Posted June 22, 2015 it is not advisable that will kiling your own self especially if you are nebwie, there are some traders that work with more than one account but they find such a hard time to keep focus with their trading some ended up losing all of their accounts while some others loss many accounts. Quote Link to comment Share on other sites More sharing options...
Stekin Posted July 21, 2015 Share Posted July 21, 2015 If this thing is not bad for a broker, then the trader can embark on it and there won't be any problem when he cannot manage it well. The main thing that is worth considering here is whether the person in question is actually the kind of person who can be able to manage more than one account comfortably. Having more than one type of account is not a problem but the main problem is I the management of that account. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 21, 2015 Share Posted July 21, 2015 If you can manage it stekin if you cannot that would be so bad idea for you all. All broker would love if you have more account because more income for them( it is about real account, right?). It is different if you have experience then more than one broker is advisable or okay for you to do. Quote Link to comment Share on other sites More sharing options...
Upul Tharanga Posted July 24, 2015 Share Posted July 24, 2015 Just recently I have opened 2nd account with Nova FX broker, I love to do Forex trading but they have introduced another great way with Binary Option trading, so I have now separate account for doing binary trading and the best part is that I am getting unbelievable 111% bonus for every deposit that I make, so it’s phenomenal stuff and I have never seen any broker offering such gigantic amount of bonus that too for binary option trading work! Quote Link to comment Share on other sites More sharing options...
Stekin Posted July 26, 2015 Share Posted July 26, 2015 Make any amount of account you wish to make if you know how to do so and provided you are not offending the broker. When you are considering having more than one type of account, also consider if that broker support that and also know whether you are on the right track in doing so because that is actually what matters more and what is even more important. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 29, 2015 Share Posted July 29, 2015 Not advisable unless you can manage your account, there are traders who still cannot manage more than one account that is really bad if they start to haveing more than one account, it could lead to mismanagement and destroy their whole account. It is only okay or advisable if you can manage it so well. Quote Link to comment Share on other sites More sharing options...
Stekin Posted August 15, 2015 Share Posted August 15, 2015 Any trader who cannot manage more than one account and goes ahead to create more than one account is deceiving himself or herself. It is not advisable for the person to do that which he or she knows that he or she cannot do because this thing will never work. In short, it is not even important that the trader starts looking at ways to please himself or his excess desire, instead, do what he or she can benefit from. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2015 Share Posted August 29, 2015 I agree with stekin, if you cannot trade with more than one account never do that, also to be honest only have one account is easier compared to have more than one accounts plus you can recover yourself better if you lose and you can focus so well here. Quote Link to comment Share on other sites More sharing options...
myregister Posted October 24, 2015 Share Posted October 24, 2015 @stekin: True, if cannot manage your account it is advisable if one trade doesn't take more than one account with one forex broker. However, as long as you can manage it then just do it, but i recommend at most 3 accounts with one broker. Using too much account will requires more attention and exhaust yourselves. Quote Link to comment Share on other sites More sharing options...
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