Hi,
Recently I have been quite lucky trading the markets, and I am faced with a different kind of problem as my fx accounts are starting to grow. I am hoping my fellow traders here in forexfactory can help me out in making a decision.
So here is my current situation, I currently have 3 accounts each on a different broker, FXPro, MBTrading, and Finfx.fi.
Now my biggest gains and biggest account is at FXPro due to their high leverage of 500:1 and no hedging rule I am able to trade the way I want with as many trading systems as I like. But my main problem with them is that I am not so sure if my funds are entirely secure with them since they are a market maker located in Cyprus.
MBTrading has also been very good to me but the no hedging rule and the 50:1 leverage limits the number of strategies I am able to trade, so I get forced to trade smaller lots and a maximum of 1 strategy per currency pair. So I am seeing 50% less gains in this broker compared to what I am seeing in FXPro. But the Pros are they are an ECN broker and well regulated, so I believe my funds are quite secure here.
And Lastly FinFX.fi, is also an ECN broker and they give me the same freedom in terms of trading as FXPro.com since they allow hedging and offer a good leverage of 100:1 and good execution because of their well know liquidity provider. Gains are also bigger here compared to MBTrading. But the Cons are they are a very new company and from my knowledge they are not regulated.
So can anyone please help me decide where to put my money, or should I just leave my accounts alone since all of them are profitable anyways?
Thanks in advanced for the help.
Mikhail
Recently I have been quite lucky trading the markets, and I am faced with a different kind of problem as my fx accounts are starting to grow. I am hoping my fellow traders here in forexfactory can help me out in making a decision.
So here is my current situation, I currently have 3 accounts each on a different broker, FXPro, MBTrading, and Finfx.fi.
Now my biggest gains and biggest account is at FXPro due to their high leverage of 500:1 and no hedging rule I am able to trade the way I want with as many trading systems as I like. But my main problem with them is that I am not so sure if my funds are entirely secure with them since they are a market maker located in Cyprus.
MBTrading has also been very good to me but the no hedging rule and the 50:1 leverage limits the number of strategies I am able to trade, so I get forced to trade smaller lots and a maximum of 1 strategy per currency pair. So I am seeing 50% less gains in this broker compared to what I am seeing in FXPro. But the Pros are they are an ECN broker and well regulated, so I believe my funds are quite secure here.
And Lastly FinFX.fi, is also an ECN broker and they give me the same freedom in terms of trading as FXPro.com since they allow hedging and offer a good leverage of 100:1 and good execution because of their well know liquidity provider. Gains are also bigger here compared to MBTrading. But the Cons are they are a very new company and from my knowledge they are not regulated.
So can anyone please help me decide where to put my money, or should I just leave my accounts alone since all of them are profitable anyways?
Thanks in advanced for the help.
Mikhail