One IP for 2 broker accounts

Broker Account
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Anton
23 May 2015, 13:17 10,096 Views
Can one IP be used for trading with two different brokers with different positions as well? For example, broker A is in a selling position while broker B is in a buying position. Please explain. seanlebak

13 Answer

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rachmat 25 May 2015, 11:14

In my opinion, there is no problem with opening multiple accounts at different brokers. With any position with the same IP. If you BUY at Broker A, and SELL at Broker B with the same currency rate, this is called TRADE BALANCE. It can also be called HEDGING, or CARY TRADE by taking advantage of positive swap at Broker A, and no SWAP at Broker B. The ending of this trading model is a large profit, with a small minus. This Trade Balance is usually only prohibited if done at the same broker.

Thanks.

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anton 26 May 2015, 13:12
Isn't there a withdrawal time issue?, because that's the main thing.
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rachmat 27 May 2015, 08:47
If with the same broker this could be problematic. A case example with Instaforex broker, you open 2 accounts then do Balance Trading, it will be difficult to make a withdrawal. However, if with different brokers there are no problems. Or if it is considered doubtful, you can trade with small lots first. Thanks.
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hafid smn 28 May 2015, 14:47
does instaforex limit the trade balance? as far as i know, there is information about hedging there but i don't know how the settings work.
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rachmat 28 May 2015, 15:09

For Instaforex, trade balance is indeed prohibited, this I got from their IBs. While hedging is allowed, with the condition that it is in the same account. 

Trade Balance itself is done by taking advantage of spread differences, positive swaps, swap free, and commissions. And usually by using different brokers.

Thanks.

I
ino 15 Sep 2017, 21:36

one IP but the old account is disabled, and is it allowed to open a new account with the same IP? but using a different IDcad, for example, previously it was Andi but it was disabled, can we change the IDcad again to Ani, is that allowed?

Please explain.

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rachmat 18 Sep 2017, 10:34

For Ino..

IP Address / internet access can be used by anyone on one computer/PC. You can open a new account with a different name on the same IP, with the note that you must verify the account with the same data.

If you open a new account with the name, date of birth, address Ani, then when verifying you must use Ani's data, you cannot use Andi's data or others.

Once the account is verified / accepted, you can trade anywhere. Can be in internet cafes, offices, homes, rice paddies, domestically or abroad. However, when you open an account in the domestic region/Indonesia, then deposits and withdrawals can only be made in the domestic region/Indonesia, and vice versa.

thanks.

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Hendra 19 Oct 2017, 13:57
What if trading on 1 IP with 2 different accounts under different names?
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rachmat 20 Oct 2017, 12:35

To Hendra,

Yes, you can do it like that. However, for deposits or withdrawals, it must definitely be in the name of the account owner.

Thanks.

M
muni mandela 25 Dec 2018, 12:03

I logged in with 1 account but opened it on laptop and Android at the same time, does that change the IP address?

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Hasriyanto 13 Jan 2019, 19:15

What about dynamic IPs from mobile operators, doesn't it affect WD? Because so far the problem for traders is not being able to WD with changing IPs... Please explain and provide a solution.. Thanks 

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erik tri cahyo 14 Jan 2019, 12:43

@ muni mandela and Hasriyanto,

Forex brokers generally allow one trading account to be accessed with two or more IPs or with several different devices, either simultaneously or separately. So, you can access one or more trading accounts without having to change your IP address first.

However, there are some brokers who prohibit this. For added security, you can consult with the broker in question regarding whether or not this is permitted. Because usually, if there is a violation of the rules, the consequences can lead to the suspension of funds being withdrawn. Therefore, to prevent the undesirable, it is good to confirm first with the broker in question.

Thank you.

28 Sep 2022, 11:50
Thank you for your review, sir... very helpful. Good job.

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