Is it better to switch brokers?

[radex78]

I guess no body knew when either any regulated broker turned into scam and stop paying their traders. We already have few examples in the past, i think it could be good step to withdraw profits regularly from our broker while leaving the only capital with them.

Yes this is good idea and more safe than we compound profit, first as goal is withdraw money from account trading until reached break even point, with making withdrawn regularly also making minds become fresh and we can start with calmly

 

[Esha.J]

We can not say any thing about the future of anyone not even for broker so we have to find one which is more reliable right now. And trust them as we dont know about future of any one in market.

 

[radex78]

We can not say any thing about the future of anyone not even for broker so we have to find one which is more reliable right now. And trust them as we dont know about future of any one in market.

As long as I am using service from broker and still smoothly, I am still comfortable and will using these broker, but usually will withdraw profit if I can increasing my money from initial investment and left amount capital to start again

 

[frooze]

I m

okay so here is my dilemma, my Forex broker is undergoing maintenance and claim that they will be finished in about 2 weeks ;which I think is ridiculous. My trading strategy has been doing very well for my these past couple of months , and my account is growing rapidly. So I'm wondering if I should wait the 2 weeks of inconvenience or switch brokers and continue to trade?

I must say that's a very long term, but have tried discussing with them any other possibility of an alternative. Am saying this because it is not very nice to switch broker all the time, there is no consistency there. But the decision is yours, I strongly feel a mutual discussion between you and your broker would go a long way!

 

[radex78]

Yes decision will eventually will back to trader, might trader can trying to diversify account on several broker to diversify money not only on one basket, so if one get problem still there are another hope will getting success

 

[frooze]

Radex, I would agree, but this should be a decision from the start that you would want to have many brokers so you can invest in different place. What if you had all your funds in that broker and there was no way withdrawal to open another account with another broker?

 

[Esha.J]

As long as I am using service from broker and still smoothly, I am still comfortable and will using these broker, but usually will withdraw profit if I can increasing my money from initial investment and left amount capital to start again

Good to hear that you are happy with your broker and having great experience with him. Not every newbie has the same experience as he dont know within which broker he should invest.

 

[trader_phil]

there are many good brokers, personally i trade hotforex for a couple of years now, thats the safeest i can recommend based on my experience though i do trade other brokers as well, but keeping my def up just incase.. do some comparison and research that should help a lot.

 

[bublu]

Yes this is good idea and more safe than we compound profit, first as goal is withdraw money from account trading until reached break even point, with making withdrawn regularly also making minds become fresh and we can start with calmly

In my opinion we need to withdraw our profits regularly from our broker to keep a check on them, so if any broker defaults we can able to recover maximum of our ROI.

 

[radex78]

In my opinion we need to withdraw our profits regularly from our broker to keep a check on them, so if any broker defaults we can able to recover maximum of our ROI.

Yes I think this is good idea, withdraw profit everytime when able making profit, might if trade with dealing desk broker if making too big profit hence will worried if not paid