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[Razor1911]

Since many brokers usually proovides deposit and non deposit bonus, so they have some strict rules regarding the no. Of account that a trader can have.

Such brokers don't allow multiple account with same IP. Even most of the brokers don't allow to create multiple accounts as it will be against their policy.

 

[LutherKing]

Some brokers do provide this options but without that bonus feature , its better to ask always though keep single account is beneficial for longer

 

[BullyMaguire]

I think possible but I don't see any reason for doing so.. what benefit can we get from having multiple accounts? If you learn move out.. that's just me

 

[a_jerobon]

I think that having a single account is more beneficial as you are able to manage it better. The brokers really need to restrict the number of accounts one can have because they may loose so much giving bonuses to just one person with many accounts.

 

[LutherKing]

Most of the times your account will get blocked without any reasons its best to have a single account and do your activities from that only

 

[ashim kate]

A lot of forex brokers particularly those in my country usually mandate you to provide a valid means of identification when you are registering. This is in line with their regulatory conditions and as such it is forbidden that you should open various account with the same forex broker because you cannot withdraw.

 

[dorcasy]

For my currency pairs I used FXTM and they offer standard account and cent account, so depending on what you want you can choose to have both or any of the two,it's all choice but their leverages and limitation quite differs.
So the choice of having more than one account is relative to the broker.

 

[Lobardi]

Well , that's the same situation in many other platforms and you can fairly say that its fair because that takes a lot of database for the companies which costs data transfers and money so they are right about not allowing multiple accounts and only those who allow have the other thinking in their mind in my opinion

 

[Bisola]

Some brokers do provide this options but without that bonus feature , its better to ask always though keep single account is beneficial for longer

Exactly. It is just good to face one account then make sure you build the account to a particular level so I really do not think opening account from one phone to another with the same broker still will make them give you a good bonus because at the same time you have to trade with the bonus before withdrawing it so we just face one account.

 

[MayorKayz]

Since many brokers usually proovides deposit and non deposit bonus, so they have some strict rules regarding the no. Of account that a trader can have.

Such brokers don't allow multiple account with same IP. Even most of the brokers don't allow to create multiple accounts as it will be against their policy.

Yes we can create multiple accounts with the same broker. Since we are depositing money with them to trade and they are the ones that will gain from us. So we can have as many as possible accounts with them.
On instaforex, I have more than 5 accounts with them and they are all doing well with no complain.

 

[infinitytech]

Exactly. It is just good to face one account then make sure you build the account to a particular level so I really do not think opening account from one phone to another with the same broker still will make them give you a good bonus because at the same time you have to trade with the bonus before withdrawing it so we just face one account.

Well, that's the same issue on many other platforms, and you can fairly state that it's fair because it requires a lot of database for the firms, which costs data transfers and money, therefore they're correct not to allow numerous accounts, and only those who do have the other mindset in my opinion.

 

[infinitytech]

I think possible but I don't see any reason for doing so.. what benefit can we get from having multiple accounts? If you learn move out.. that's just me

When you register with a forex broker, many of them, especially those in my country, require you to produce a valid form of identity. This is in accordance with their regulatory requirements, and it is therefore banned to open multiple accounts with the same forex broker because you will be unable to withdraw.

 

[ektalakra]

Yes, you can have multiple brokerage accounts. Actually having multiple brokerage accounts have multiple benefits, such as:
1. It will help you diversify your holding.
2. It can help you with managing risks.
3. Multiple accounts may also make sense for estate planning.

 

[Ofonime]

I think possible but I don't see any reason for doing so.. what benefit can we get from having multiple accounts? If you learn move out.. that's just me

You are in my same shoe there is absolutely no need for that ,you can create multiple account with one broker download mt4 and mt5 trading terminal respectively but hopefully your broker may accept this but I dont see any reason for that.
Because we can excecute more than two trade per account in as much as we set the stoploss and take profit with those trade we can easyly leave the trade to run in the background of our computer so I dont see any reason creating multiple account with one broker.

 

[Potuse]

The creation of multiple accounts with the same broker is not possible. You could only have access to one account from a broker because your information's are probably the same.

It could be possible if you change all the information that you used in registering the first account. However, you could create multiple accounts with the same broker because I've done this before.

 

[infinitytech]

The creation of multiple accounts with the same broker is not possible. You could only have access to one account from a broker because your information's are probably the same.

It could be possible if you change all the information that you used in registering the first account. However, you could create multiple accounts with the same broker because I've done this before.

Install the MT4 and MT5 trading terminals, respectively, although I don't understand why your broker wouldn't accept this. Because we can execute more than two trades per account, and because we can set the stop - loss and take profit on those trades, we can easily leave them running in the background of our computer, I don't see why we need open numerous accounts with one broker.

 

[Potuse]

Install the MT4 and MT5 trading terminals, respectively, although I don't understand why your broker wouldn't accept this. Because we can execute more than two trades per account, and because we can set the stop - loss and take profit on those trades, we can easily leave them running in the background of our computer, I don't see why we need open numerous accounts with one broker.

I do not really see the reason to open multiple accounts in forex. Personally, I believe that multiple accounts would pose more risk because when you make a loss, it could be very detrimental if you are trading with multiple accounts.

It is always better to take into cognizance the risk management strategy. The global financial risk management stated that you shouldn't trade more than 1% of your account.

 

[a_jerobon]

I do not really see the reason to open multiple accounts in forex. Personally, I believe that multiple accounts would pose more risk because when you make a loss, it could be very detrimental if you are trading with multiple accounts.

It is always better to take into cognizance the risk management strategy. The global financial risk management stated that you shouldn't trade more than 1% of your account.

It is very risky indeed to trade in multiple accounts. When you make losses, you risk loosing so much money because you will be loosing in more than one account that you invested in. It is even easier to monitor one account that more accounts. So you should just be satisfied with one and work hard at making as much profits as you can from it.

 

[Ofonime]

It is very risky indeed to trade in multiple accounts. When you make losses, you risk loosing so much money because you will be loosing in more than one account that you invested in. It is even easier to monitor one account that more accounts. So you should just be satisfied with one and work hard at making as much profits as you can from it.

There is nothing wrong with trading with multiple account or creating two account with one brokers some brokers accept it while some dont,
when I use to trade with alpari they do support and accept creating and uses of two account but after some time I see that am confused each time I want to open an order my attention will go into two different place so I boldly stop using the one of the account and now am operating the one account.

 

[Potuse]

It is very risky indeed to trade in multiple accounts. When you make losses, you risk loosing so much money because you will be loosing in more than one account that you invested in. It is even easier to monitor one account that more accounts. So you should just be satisfied with one and work hard at making as much profits as you can from it.

This is one of the major reasons why diversification comes with a lot of risk. Although, an expert in forex could trade using multiple accounts if he put into account the risk management strategy. There's nothing bad in using multiple account, if you could manage to risk properly.