EU Brokers

In the EU, brokers protect client funds and assets through stringent regulatory measures. Investment firms are required to safeguard client assets by making adequate arrangements to ensure their ownership rights are protected, especially in the event of insolvency. This includes separating client funds from the firm's own assets and placing them with reputable third-party institutions, such as banks or money market funds.
Additionally, EU regulations like MiFID II mandate that investment firms exercise due diligence in selecting these institutions and periodically review their arrangements to minimize risks. Client funds are also subject to deposit protection schemes, such as the Deposit Guarantee Scheme (DGS), which can provide coverage up to €100,000 per client.

Having multiple brokers and banks is recommended to reduce risk and increase financial flexibility. By spreading your assets across different institutions, you minimize the impact of potential failures or technical issues, ensuring continued access to your funds. Additionally, multiple accounts allow you to leverage unique features and opportunities, such as specialized investment products or better trading platforms. This diversification also provides access to a broader range of investment advice and strategies, and can help optimize costs by taking advantage of lower fees or better deals offered by different providers. However, it requires managing added complexity and security considerations. Don’t be afraid to be wrong because you can’t learn anything from a compliment. I always felt like I could do anything. That’s the main thing people are controlled by! Thoughts- their perception of themselves! They're slowed down by their perception of themselves. If you're taught you can’t do anything, you won’t do anything. I was taught I could do everything.