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How many brokerage accounts can a person have?

There's no legal limit to the number of investment accounts one person can have. And in some cases, having multiple brokerage accounts could be the best move for your financial situation. It's worth noting that whether you can have multiple brokerage accounts and whether you should are two entirely different questions.

Can I have multiple brokerage accounts?

The second question is easy to answer: Yes, you can have multiple brokerage accounts. And it may even be beneficial, provided you can answer the first question: How do you know which brokerage services are best for you? (Learn how to choose the best online broker.)

Should a retail investor have multiple brokerage accounts?

Few advantages are bestowed to the average retail investor by having multiple brokerage accounts. One needs to focus on investing, and more than one account may be an unnecessary, costly, and time-consuming distraction.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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