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Old 11-29-2008, 01:25 AM
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Kenny Rogers Kenny Rogers is offline
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I actually have multiple accounts in various brokers.

My recommended list includes Oanda, FXDD, InterbankFX, and Interactive Brokers.

I usually try to stay with the big firms within the United States, since I'm located in the US. It is always a good idea to have accounts at various brokers to mitigate the risk of broker problems. Let's say if there was problems with FXDD server and I'm stuck in trades with adverse movement, and you know at that point, everyone and their mother is hammering FXDD's phone lines. If I can't reach them, I can merely log onto my Interactive Brokers account, and place hedging trades on the futures market. This only cost me the round trip commission of the futures. No problems.

Contingency planning.
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