How to move to another broker without closing positions?
No matter what they say, one of the decisive factors influencing the efficiency of trading is the brokerage company through which this trading is carried out.
And if you are unlucky and choose the wrong broker, or the quality of the services provided has simply become worse over time, you have to go to another intermediary.
But what to do with open transactions?
After all, some positions are maintained for months and it would be a shame to close an order if the price has not yet reached the calculated level. For these purposes, a transfer of positions between different brokerage companies was invented while maintaining the volumes and directions of open transactions.
This procedure allows you to avoid losses from premature closure of orders when moving to a company with more camphor trading conditions.
Choose a broker – with better trading conditions and more stable operation of the trader's terminal and check whether it provides such a service.
Of those who definitely provide such an opportunity, I can recommend Amarkets company:
Register and open an account that suits your needs, complete the identity verification process, and confirm your personal information.
Top up your account —the amount must be sufficient to support the positions you intend to transfer.
Contact the account manager at the company where you opened your account, using your preferred method, and inform them of your decision to transfer your account and positions.
Some brokers request a report on open positions, known as a "statement." You can generate one in the MetaTrader under the "Account History" tab or request one from your previous broker.
Once the positions have been transferred, all you need to do is withdraw the funds remaining in your previous accounts.
This means you won't lose anything and will be able to close the transferred trades at the desired price.
