I’m sure that some relatively wealthy individuals/couples would be better off using 10+ brokers, for sure, if they are truly interested in mitigating risk of losing their hard-earned wad… or maybe they’ve so much money that to them the odd broker failure and potential loss isn’t worth worrying about.
I’m with a selection of brokers, yes. The main ones I use were started years back before I knew… what I know now… and some of the costs of leaving are prohibitive so I have to stay with them.
The ones I still recommend are AJ Bell, iWeb and Saxo… none of the others I would recommend for various reasons (costs, bad service, poor trading app… just poor) so I won’t mention them here… although I have on another thread.
Yes, I too want to reduce costs… I see no point in pissing money away for no good reason but will only do that with brokers that have regulatory protection… like the FSCS pot ie. that they are FCA registered… or the US equivalent. That is item no. 1 to check with any broker.
I have to say that I’m not at all surprised to hear that.
I don’t know him/her… I only read what you say here and was asking you what he/she thought about it.