Forex Brokers - Do You Switch Brokers A Lot?

[FXexpert]

Hey everyone,

Quick question for all the Forex traders here, do you tend to switch Forex brokers a lot? Or are you more consistent & stable with the broker you trade with?

If you do switch brokers often, why is that? What attracts you to other Forex brokers?

Looking forward to hearing everyone's answer!

[Enivid]

I still have never switched a broker for a real account, but I often open new demo accounts with the new brokers because new demo servers are usually less lagged and it's always interesting to check out the execution of a new broker.

[Hamven]

First I tried ACM but I did not find their customer support good plus they have poor Forex education and trading recommendations which I really need during the time I was starting. After which I transferred to FXCM but I am currently having problem with them now. Its a long story and will be off topic if I post it here. So for the time being it seems that I will be switching broker twice.

[anna575]

Wow, This is a useful information about Forex Brokers. Forex education is essential for everyone. There are a great opportunity for you. Thanks..

[domkscott]

I open a lot of demos also, just to see what's going on and try new platforms and such...
I switched broker 3 times. First, FXCBS because of obvious price manipulation and twice more because I suspected price manipulation and my suspicions are enough reason for me
Currently I'm running a few demos simultaneously, trying to find someone reliable for a long term relationship

[Pipaholic]

So far I've been live with 6 different brokers. FXDD, Forex.com, Broco, Velocity4X, Royal, and the Collective.
I thought The Colletive was the best except for the expenses each month, even if you didn't trade.
I'm currently opening an account with ThinkForex, and will get a VPS with it too.
On demo it looks great. (but then demos always do)

[earn]

i don't think switching brokers can solve the problems.I think you have to use better strategies for trading,read review and do some research before joining any brokerage firm

[jmathers]

Agreed, with all the demo accounts available and information spread by the internet it's hard to not know about your broker before trading with them. One problem I have noticed is many complaints of individuals going from free demo accounts to live trading accounts and not receiving the same spread. Best thing to do before choosing a broker is to look them up or find a good IBO to help you navigate.

[Johny]

You need to find a lot of frogs before you find you princess.

Some brokers are good for small accounts, some brokers are better for big accounts.

[deepaksnv]

I think its not good if you change forex broker quickly...better if you do trading with an experienced forex broker rather than changing frequently.
but when it comes to money i can switch to a broker who can make more money for me.