Can you buy from one broker and sell to another? - Forex Questions and Answers - FXAnswer

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Can you buy from one broker and sell to another?

This has been in my mind for a long time..

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- thegreeks
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1 year ago

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buy

sell

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0 Votes In my forex school knowledge, I think you can't do it. by Steve 1 year ago by Steve 1 year ago
0 Votes If you have accounts under both brokers, sure you can. Just know that the two orders WILL NOT cancel out each other. If you want to close a position, you will have to place an opposing order under the same broker. Brokers do not interact with each other to take into account your total positions. They only know the orders that you have placed on their respective platforms. by Harold 1 year ago by Harold 1 year ago
0 Votes No you can't because you are trading with the broker on the platform which you have signed up with. And once you let us say open a buy in your account you need to close the trade by selling. by RPT 1 year ago by RPT 1 year ago
0 Votes No You can't do that on trading platform. However, If you exchanging real cash currency you can buy from one broker and sell it back to another broker. by Warren 1 year ago by Warren 1 year ago
0 Votes I have not heard of that being done. When you open a position with one broker, you need to close that trade with them as well. You can however open two or more accounts with different brokers. by fxpie 1 year ago by fxpie 1 year ago
0 Votes No. By virtue of your broker, you are already doing this, in a round about way. by Tyce 1 year ago by Tyce 1 year ago

Votes

In my forex school knowledge, I think you can't do it.

Steve

1 year ago

Votes

If you have accounts under both brokers, sure you can. Just know that the two orders WILL NOT cancel out each other. If you want to close a position, you will have to place an opposing order under the same broker. Brokers do not interact with each other to take into account your total positions. They only know the orders that you have placed on their respective platforms.

Harold

1 year ago

Votes

No you can't because you are trading with the broker on the platform which you have signed up with. And once you let us say open a buy in your account you need to close the trade by selling.

RPT

1 year ago

Votes

No You can't do that on trading platform. However, If you exchanging real cash currency you can buy from one broker and sell it back to another broker.

Warren

1 year ago

Votes

I have not heard of that being done. When you open a position with one broker, you need to close that trade with them as well.

You can however open two or more accounts with different brokers.