How many overseas forex accounts can you have? A comparison of the limits, fees, and prohibited actions of 10 companies

"How many overseas forex accounts can I open?" and "Will my account be frozen if I have multiple accounts?" These are the two most common questions people have about having multiple accounts. In short,having multiple accounts with the same broker is a legitimate function provided by each company, and it was possible with all 10 companies we investigated. Account freezing issues arise not from creating multiple accounts, butfrom creating a second customer registration under a different person's name or from certain types of trading using multiple accounts.

This articledirectly examines the official websites, terms of service, and official FAQs of 10 major brokers to provide a list of the number of accounts you can have, fund transfers between accounts, maintenance fees for dormant accounts, bonuses for the second and subsequent accounts, and prohibited transactions, complete with clause numbers and verification dates. Instead of simply stating "prohibited by the terms," ​​we indicate which clauses prohibit what. The goal is for readers to be able to determine what is permissible and what is risky with their current broker.

*This article was created by the MoneyCharger editorial teamtheir content creation policy. The number of accounts, fees, and terms and conditions for each company were verified on September 15, 2026, using the original text (including English versions) of the official websites, terms of service, and official FAQs (the source and clause number are clearly indicated in the text). Terms and conditions and fees may be revised, so please be sure to check the actual conditions in your own account and with the latest information displayed by each company. Overseas FX brokers are not registered with the Japanese Financial Services Agency,the Financial Services Agencyandthe Consumer Affairs Agencyhave issued warnings about trading with unregistered brokers. This article is for general informational purposes only and does not endorse any specific broker or trading method.

If you are new to overseas forex trading,our complete guide for overseas forex trading beginners.

"Additional account" and "multiple accounts" are different things; confusing them can result in account suspension

Let's start by clarifying what "multiple accounts" means. There are three ways to increase the number of accounts in overseas forex trading, buttwo of them are legitimate functions provided by the broker, while one violates the terms of service. Failing to understand this difference can lead to problems such as having your account frozen for having multiple accounts.

manner	What to do	Handling
① Additional account (additional accounts within the same broker)	Log in to one customer account and create a second and third trading account	These are standard features provided by each company. They are available at all 10 companies we investigated.
② Opened by another company	Register with a completely different company	Freedom. We could not find any terms of service among the 10 companies surveyed that restrict opening an account with another company (however,hedging using accounts from other companies is an exception;FXGTandIS6FXzero-cut coverageexcludes it from
③ Multiple accounts (registering a second account with the same provider)	Create another customer registration with the same company using a different email address.	Some brokers prohibit this(violation of terms and conditions; includes provisions for freezing all accounts and invalidating transactions).

The claims you often see in searches about "multiple accounts being discovered" and "accounts being frozen" are mostlythe thirdtype of multiple accounts. The additional account in ① is not something that needs to be hidden; the broker's member page simply has an "open an account" button.

Additional accounts are a feature officially advertised by the broker

Opening an additional account isn't something that requires waiting for approval after application; many brokers allow you to open one instantly.AXIORYoutlines the procedure in their official FAQ

To create an additional real or demo account, please first log in to AXIORYportal. Click "Open an Account" to the right of "Your Account." Select the additional account you wish to create. (omitted) If there are no problems, the additional account will be opened immediately without waiting for approval

Source:AXIORY Official FAQ(Accessed September 15, 2026)

In the first place, many brokers do not allow you to change your account type or base currency after opening an account; the official guidance is to create an additional account if you want to change it. XMTrading states, "No, you cannot change your account type, but you can open an additional account of any account type from the XMTrading portal or the XMTD TraderPro app," whileAXIORYstates, "You cannot change your account type after opening an account. Please apply for an additional account and choose your desired account type." In other words,additional accounts are designed with the assumption that you will use them.

Some businesses prohibit creating a second "account" according to their terms of service

On the other hand, creating another customer registration with the same company using a different email address is treated differently. After reviewing the terms of service and official FAQs of 10 companies,we found that some companies explicitly prohibit this practice, while others do not have a clause in their terms of service.

Contractor	Second customer account	Basis (Article number, original text)
HFM	Not possible	The Account Opening Agreement, Section 2.1,explicitly states in its definition of Account: "The Client is allowed to have only one account with the Company."
IS6FX	Not possible	The official policy states "Limited to one account per person," andArticle 12, "the act of the same person having two or more accounts," is listed as a prohibited act.
FXGT	Not possible	Terms and Conditions,Article 7.8. For multiple registrations using separate email addresses, all accounts will be blocked and all transactions will be invalidated.
XMTrading	There is no explicit prohibition. However,names will be combined.	Article 61.1 of the Terms and Conditions states: "treat all such accounts as if they were under one account" and "limit the number of accounts at our sole discretion."
AXIORY	Not possible(1 email address = 1 account)	The official FAQ is the basis for this. No explicit clause was found in the terms and conditions
BigBoss	Multiple registrations using different email addressesare generally prohibited.	Additional accounts can be opened using the same email address. However, they advise that "opening a large number of accounts will be subject to enforcement."
Exness	Yes(if it's a different email address)	There is no clause in the terms and conditions that specifies whether or not it is permissible
TitanFX	Not possible(1 email address = 1 account)	Terms of Service2.7 states, "You are deemed to hold only one account," and the official FAQ states, "No, you cannot. We only allow one email address per person for registration." It is also not possible to re-register under the same name after closing an account.
ThreeTraderAxi	Unconfirmed	I couldn't find the relevant clause in the terms of service or official help (Axionly has an operational rule stating that "a new email address not usedAxiis required after closure")

"Unconfirmed" simply means that no mention was found within the scope of checking the official website and terms and conditions;it doesn't mean it's permitted or prohibited. Just because there's no prohibition clause doesn't mean it's safe. Some brokers, like XMTrading, have rules such as "treating multiple accounts as one" or "limiting the number of accounts at our discretion." If you need to register a second customer, don't make a decision on your own; check with the broker's support.

The explanation that "multiple accounts with the same company are prohibited" applies to domestic FX trading

If you search for "multiple FX accounts," you'll find explanations stating that "many FX companies prohibit multiple accounts under the same name in their terms and conditions." This iswritten about domestic FX companies, and the premise is different for additional accounts in overseas FX. As seen above, in overseas FX,standard practice to have multiple trading accounts under a single customer account. Applying the explanation for domestic FX directly would mean missing out on a function that should be available.

Number of additional accounts you can have with the top 10 companies [List as of September 2026]

There is a limit to the number of additional accounts that can be opened by each broker. After directly checking the official websites, terms of service, and FAQs of 10 companies, we found thatthe limit varied widely, from 5 to 100 accounts, and some brokers didn't even disclose their limit. "How many accounts can I open?" is something you should check when choosing a broker.

Contractor	Real account limit	Demo account	Change account type	Location confirmed
Exness	A maximum of 100 accounts per account type (30 total for Standard Cent only). A total of 1,630 accounts per account. * The terms and conditions state that the company reserves the right to investigate, cancel, and charge fees for withdrawals from accounts with no trading history.	—	—	Official Help
TitanFX	15 accounts(1 new + 14 additional / total of MT4 and MT5). Accounts 16 and beyond will be individually reviewed.	—	—	Official Help
XMTrading	The official website has conflicting information. The trading conditions page, account type list, and four individual account typepages (a total of 6 pages) state"maximum 8 accounts," while the help center states "10 real accounts and 5 demo accounts."	5 accounts (Help)	Changes are not possible (can be handled with an additional account)	Official Website / Help Center
AXIORY	10 accounts. "For requests for more than 10 accounts, each application will be reviewed individually."	10 accounts	Changes are not possible (can be handled with an additional account)	Official FAQ
FXGT	Live has 6 accounts(as specified in Articles 7 and 8 of the Terms and Conditions). Only one account is available before identity verification is complete.	6 accounts	—	Terms of Use, Sections 7 and 8
IS6FX	You can add up to 5 additional accounts(official FAQ). It's not officially stated whether this includes the initial account or 5 separate accounts.	—	—	Official FAQ
ThreeTrader	The Japanese FAQ states "up to 5 additional accounts." The English FAQ does not mention an upper limit, indicating a difference between the two languages.	5 accounts	—	Official FAQ (Japanese/English)
Axi	If identity verification is complete, you can have 5 accounts + 1 proprietary platform account; before identity verification, you can have 2 accounts + 1.*The target platformbetween the Japanese and English help sections, with the Japanese help stating "MT4" and the English help stating "MT4/MT5". *Another help article states that "the total number of live accounts is limited to 5," indicating a different counting method.	—	—	Official Help (Japanese/English)
HFM	There is an upper limit, but the exact number is not disclosed. Both the English and Japanese versions simply state, "There is an upper limit to the number of trading accounts that can be opened."	—	—	Official Help (Japanese/English)
BigBoss	The numerical values ​​could not be confirmed. While it is possible to open additional accounts via the same email, the notice states that "opening a large number of accounts will be subject to enforcement."	—	—	Official website

Verification Date: September 15, 2026. Our editorial team verified the original text of each company's official website, terms of service, and official FAQ. Items marked with "—" were not found within the scope of this investigation. Limits and conditions may change, so please check the latest information from each company before increasing your account

XMTrading's official website lists both "8-account" and "10-account" options simultaneously

XMTrading's limit is often stated as "a maximum of 8 accounts" in articles from other companies. Upon checking, I confirmed thatthese 8 accounts are indeed officially listed. The same wording appears on all six pages, including the trading conditions page and the pages for the four account types.

Yes, you can open an account. You can hold up to eight active trading accounts simultaneously using the same personal information

Source: XMTrading official website (6 pages in total, including the trading conditions page; accessed September 15, 2026)

However, the XMTradingHelp Centerlists different figures.

Yes, you can open an account. You can simultaneously hold up to 10 active real accounts and up to 5 demo accounts using the same personal information

Source: XMTrading Official Help Center (Accessed September 15, 2026)

Neither document displays an update date, soit's impossible to determine which is the most up-to-date based solely on official information. The terms of service don't specify a number for the number of accounts, only stating that "we reserve the right to limit the number of accounts at our discretion." In practice,up to 8 accounts is consistent with both statements, so it's safest to use that as a guideline and contact support if you need more.

What to do when you reach the limit and can no longer add items

If you create the maximum number of accounts, you won't be able to add any new account types, even if you want to try them out. In this case,to delete any unused accounts and then open new ones. MoneyChat's official FAQ also provides the same procedure for adding cashback eligible accounts.

Please contact each provider's support to request the deletion of your existing account before proceeding with the transfer procedure

Source:MoneyChat FAQ"What if I can't open an additional FX account because the maximum number of accounts has been reached?" (Confirmed September 15, 2026)

However,FXGTofficially stated that "trading accounts cannot be deleted"haveFXGToffers archiving instead, and TitanFX accepts accounts from the 16th onwards through individual review). Since the possibility and procedure for deletion differ from broker to broker, please consult support first. Also,if you leave accounts inactive and fill up the limit, some brokers will charge a maintenance fee for dormant accounts(comparison of dormant accounts and maintenance fees for 10 companies), as described below. It is better to close unused accounts as soon as possible to avoid losses in the long run.

Advantages of using multiple accounts | Account type cannot be changed later

The reason why multiple accounts are often used"it's impossible to satisfy all conditions with just one account." What we found after researching 10 companies isthat many brokers do not allow you to change the account type or base currency later, and the official procedure for changing conditions is to create an additional account.

• Conditions can be separated by trading style: Accounts with narrow spreads but incurring fees, and accounts with no fees but wide spreads, have opposite advantages and disadvantages for short-term trading and medium- to long-term trading.
• You can separate accounts that are eligible for bonuses from accounts that prioritize cost:FXGT's PRO and ECN Zero,IS6FX's Standard (other than the standard)Low-cost accountsare often not
• Dividing your funds helps mitigate risk: Even if you incur a large loss in one account, you won't lose the funds in another account.
• Diversification of brokers: If withdrawal problems or system failures occur, there will be other brokers where you can continue trading.
• You can use different currencies and trading tools: Yen-denominated and dollar-denominated trading, and MT4 and MT5 cannot be used simultaneously in the same account.

Account type and base currency cannot be changed later

This is the most practical reason for using multiple accounts. XMTrading's official help page clearly states that neither the account type nor the base currency can be changed

No, you cannot change your account type, but you can open additional accounts of any account type through the XMTrading portal or the XMTD TraderPro app

Source: XMTrading Official Help Center (Accessed September 15, 2026)

AXIORYalso states, "You cannot change your account type after opening an account. Please apply for an additional account and select your desired account type."In other words, the idea of ​​"I'll change it later" doesn't work, so the system is designed with the assumption that you will add an account only when you need one with different conditions.

Note: Splitting accounts does not guarantee that you can maintain high leverage

Some people think, "If I concentrate all my funds in one account, my leverage will decrease, so I'll split it up to avoid that." However, thisdoesn't work with all brokers. This is because some brokers determine leveragethe total amount across all accounts.

Method of determination	Contractor	Content
All accounts are combined (this cannot be avoided by separating them).	AXIORY	The effective margin of all real accounts will be totaled to determine the outcome (excluding Wallet Alpha accounts)
Same as above	TitanFX	The 2,000x leverage requirement for micro accounts is calculated by aggregating all real accounts. This is automatically determined at 00:15 every day, and if it exceeds the limit, the leverage is reduced to 1,000x
Same as above	BigBoss	Standard, Pro Spread, and MASS rates are aggregated across all accounts (Deluxe accounts are calculated per account). Separately, "avoiding leverage across multiple accounts" is explicitly stated as a prohibited practice
per account	ExnessIS6FXFXGT	Determination is based on the effective margin per account (FXGTdoes not have an explicit statement, so it is judged based on the account's performance)
No determination based on balance	Axi	Leverage is set per account, butthere is no officially published table showing the steps for reducing leverage based on the account balance(maximum leverage is determined by the country of residence and account type).
Not specified	HFM	The clause can be interpreted as referring to each trading account, butit doesn't say whether or not the accounts are aggregated. There is also no official table of account balance levels.
Coexistence	XMTrading	The leverage category is automatically determined per account. However, Article 47.2 of the Terms and Conditions reserves the right to increase the margin based on the "total equity of all Accounts," and the limit of 200 positions is also calculated by combining all accounts
Discretion of the contractor	ThreeTrader	Article 3.3 of the Terms and Conditions states both "separate for each account" and "we can combine them at any time."

The practice of splitting accounts to avoid leverage restrictionsBigBossexplicitly prohibited by("Unfair trading across multiple accounts for the purpose of circumventing variable leverage is prohibited and subject to enforcement and account freezing"). This is not technically feasible with brokers that use aggregated calculations, leaving only the risk of being deemed a violation of the terms and conditions.

Diversifying funds and diversifying businesses have different purposes

Even though both involve "diversification," separating accounts within the same broker is for trading conditions, while moving to different brokers is to mitigate the broker's risks. However, even separating accounts within the same broker does not completely isolate the risk of loss . TitanFX's terms and conditions, specifically Article 2.10, stipulate thatThreeTrader's Article 3.3 has the same content.BigBossalso uses balances from other accounts to cover negative balances in its Standard and Pro Spread accounts (only the Deluxe account is handled on an account-by-account basis). Even if you divide your accounts into five within the same broker, you cannot cope with situations where the broker itself refuses to process withdrawals or is unable to trade due to system failures. This is where the importance of separating accounts with different brokers lies. A comparison of security is debts "including negative balances in multiple accounts" can be offset against funds in other accounts without prior notice , and explained in our ranking of overseas FX brokers' security

Unused accounts incur fees | Comparison of dormancy conditions and maintenance fees of 10 companies

This is the biggest pitfall of having multiple accounts.Of the 10 companies we investigated, 8 have account maintenance fees, and 4 of them charge "per account." This means that if you leave 5 unused accounts open, you will be charged fees for 5 accounts. On the other hand, there are also brokers that only charge per customer, and some that do not charge maintenance fees at all.

Contractor	Conditions for entering dormancy	Maintenance fee	Per account or per customer?	basis
Exness	No maintenance fees are charged (archived after 3 days of inactivity, but funds are retained, and restoration is free)	none	—	Official Help
TitanFX	If all conditions are met: no trading, no deposits or withdrawals for 90 days, no logins for 90 days, no open orders, and zero balance.	none	Only applicable accounts (Terms and Conditions 2.29)	Terms and Conditions 2.27-2.30
AXIORY	12 months of inactivity. *If there is no balance, the account will be frozen after 3 months and all trading accounts will be deleted.	$5 USD per month	Per customer. Terms and Conditions 22.1 "per Client basis and not on a per Trading Account basis" =You will not be charged twice even if you open multiple accounts.	Terms and Conditions 22.1
BigBoss	If there are no deposits, fund transfers, trades, or bonus accruals for 120 days (withdrawals are not included in activity), the determination is made based on all eligible accounts held together, not on an account-by-account basis.	$5 USD per month	Per account("for all eligible accounts") = $5 x number of accounts	Official website
XMTrading	90 calendar daysof inactivity (no transactions, deposits/withdrawals, fund transfers, opening of additional accounts, or registrations).	$10 per month (the full balance if the balance is less than $10.No charge if the balance is zero)	Dormancy is determined bythe combined total of all accounts(Article 67.1). There is no official documentation on whether billing is done per account or per customer.	Terms and Conditions 67.1-67.4 / Official Help
FXGT	90 calendar days of inactivity	Initial fee of $20 USD + $10 USD per month thereafter	Individual billing per account(Terms and Conditions 16.9.1.3)	Terms and Conditions 16.9.1.3
IS6FX	3 months of no trading (2 months for ProZero accounts only)	$10 per month (for yen-denominated accounts, the exchange rate will be calculated based on the dollar-yen rate on the 1st of each month)	—	Official website
HFM	6 months of inactivity	The longer you leave the account inactive, the higher the charge: $5 per month for 6 months to 1 year / $10 per month for 1 to 2 years / $20 per month for 2 to 3 years / $10 per month for over 3 years (no charge if balance is zero)	per account	Terms and Conditions 15.1-15.2
Axi	If there have been no trades or open positions for 12 consecutive months, and a balance remains..	1,000 yen per month (10 US dollars, 10 euros/pounds, 80 Hong Kong dollars, 177 South African rand)	an account-by-account basis(however, the collection frequency differs, with MT4/MT5 documentation stating "monthly" and the proprietary platform documentation stating "quarterly"). *Accounts with no trading activity for 6 months are archived and cannot be withdrawn until restored.	Client Agreement 2.6(f)
ThreeTrader	If the account balance is less than 500 in the account currency, and theformore than 6 months (both conditions must be met).	There are regulations, butthe amount is not specified in the terms and conditions.	—	Terms 6.4(d) (Only exists in the English version)

Verification Date: September 15, 2026. Our editorial team reviewed the original terms of service and official help documents of each company. Items marked with "—" were not found within the scope of this investigation. Fees may be revised, so please be sure to check the latest terms and conditions before leaving your account inactive

Even though it's the same "$5 per month," the burden can vary depending on whether it's per account or per customer

What I want you to pay attention to in the table is the second column from the right, rather than the amounts.AXIORY's terms and conditions clearly stateFXGT,HFM,BigBoss, andAxicharge per account, so "per client basis and not on a per Trading Account basis," so even if you have 10 accounts, the charge remains $5 USD per month. In contrast, the charges accumulate for each inactive account .

Conversely, with brokers that determine dormancyacross all accounts at once(XMTrading,AXIORY,BigBoss),if you keep even one account active, all your accounts won't become dormant. Since leaving an account idle doesn't automatically mean you'll be charged, it actually works to the advantage of people with multiple accounts. On the other hand, for example,HFMthree unused accounts inactive for two years, the progressive billing system puts each account into the $20/month bracket, resulting in a total of $60/month (only for accounts with remaining balances; accounts with zero balances are not charged).This is where "just creating an account" can be the biggest disadvantage.

XMTrading's terms and conditions include two clauses: one 90 days and the other 12 months

XMTrading's dormancy period is stated as 90 calendar days in both its official help section and Article 67.1 of its terms and conditions

Yes, you will only be charged if your account has been inactive for more than 90 days. After this period, your account will only be considered dormant if there has been no activity such as trading, deposits, withdrawals, fund transfers, opening additional accounts, or registrations. Once your account becomes dormant, all remaining bonuses, promotional credits, and XMP will automatically be forfeited

Source: XMTrading Official Help Center (Accessed September 15, 2026)

However, Section 51.5 of the same terms and conditions still contains other conditions: "12 months" and "15 US dollars," andboth descriptions coexist in the current version. Since it is not possible to determine which applies based solely on the official description,proceed under the assumption of the shorter period of 90 days. Also, it is often overlooked that bonuses and XMP will be lost if the account becomes inactive.

It's often said that "XM accounts are frozen after 90 days," but to be precise,dormancy (where fees are incurred) and freezing (where the account becomes unusable) are different things. XMTrading's official help states that "accounts with a balance of USD 5 / JPY 500 / EUR 5 or less, including zero, will be frozen if they are not used for 90 days" and "once a trading account is frozen, it cannot be reactivated."The smaller the balance of the account, the more difficult it is to reactivate it if left inactive.

How far can funds be transferred between accounts? | Comparison of conditions from 10 companies

If you're using multiple accounts, the ability to move funds between them is crucial to their practicality.All 10 companies we investigated allowed fund transfers between your own accounts within the same broker. In most cases, the transfers were reflected immediately. However,bonus handling varies significantly from broker to broker, and some brokers may cause bonuses to disappear upon transfer.

Contractor	Possibility/Reflection	What happens to the bonus when you move?	Conditions and restrictions
XMTrading	Available,instant(automatic conversion if base currency is different)	The transferred balancewill be divided proportionally and transferred together. However,if the destination account is not eligible for bonuses, that portion will be forfeited(Terms and Conditions D.4).	Only transfers between accounts in the same person's name are permitted. Transfers to other people's accounts are not allowed
AXIORY	Yes,immediately(including between cTrader accounts).	You cannot move funds before meeting the withdrawal requirements . Once the requirements are met, the funds will be moved together in proportion to your total.	—
FXGT	Possible/Immediately	The deduction is proportional to the amount transferred(deduction rate = amount transferred ÷ account balance × 100).	Only between accounts in the same currency. No upper or lower limits
TitanFX	Yes,immediate processing(officially called "Fund Transfer"; also possible between MT4 and MT5).	This offer is not valid as there is no permanent bonus system. *Fund transfers are not counted towards the campaign's deposit amount	While holding a position, you cannot move more than 90% of your effective margin. No information regarding fees was found
Axi	Yes, it canbe completed in a few seconds(via the portal's "Move Funds" option).	No permanent bonus	The sender must not have any open or pending positions. Identity verification must be completed within 28 days of the initial deposit.Fees are not listed anywhere on the official website and are unconfirmed.
IS6FX	Available,no fees.	Bonus credits will be forfeited upon transfer. *Requesting a withdrawal will cause all bonuses in all accounts to disappear(Official FAQ).	Not permitted while holding a position. Not permitted to transfer to an account in the name of a third party
BigBoss	Yes,approximately 0-1 business days(officially called "fund transfer").	The amount transferredwill be apportioned and extinguished based on the ratio of the transfer amount to the remaining balance, and will not be carried over to the recipient.	Accounts with negative balances are not eligible
ThreeTrader	Yes (Terms and Conditions 17.8(b) "available for trading on the receiving account on the day of the transfer" =trading is possible on the receiving account on the same day)	No permanent bonus	No information was found regarding the impact on fees and leverage
HFM	Yes, but the transfer must go through the myHF wallet, not directly between trading accounts.	The official website states that a 20% bonus is awarded for each fund transfer (up to a maximum of US$5,000). However, Article 3.2 of the terms and conditions states that whether this applies only to the first deposit or to subsequent transfers depends on the information displayed on the member page . The bonus is forfeited proportionally upon withdrawal (Article 3.14 of the terms and conditions).	Fees and processing times are not officially listed. Bonus-only balances cannot be transferred to a wallet
Exness	Yes,it's possible to transfer funds to an account in someone else's name(according to the official help page; the recipient's account number and registered email address are required).	There is no bonus system at all	Article 7.19 of the Terms and Conditions, transfers are generally only permitted between accounts of the same type. Transfers between different account types are only permitted if the transfer amount exceeds the minimum initial deposit. No information is provided regarding fees or processing time.

Verification Date: September 15, 2026. Our editorial team reviewed the original terms of service and official help documents of each company. "—" and "Not Specified" indicate items for which official descriptions could not be found within the scope of this investigation (this does not mean they are free or possible)

Moving funds will reduce or eliminate your bonus

When you transfer funds from an account that received a bonus to another account,common practice for the bonus to be deducted in proportion to the amount transferred. XMTrading's terms and conditions stipulate the following:

In the event of internal transfers between trading Accounts with XMTrading, trading bonuses previously credited to sending account will be moved proportionally to the percentage of transferred balance into receiving account.

Source: XMTrading Deposit Bonus Terms and Conditions D.4 (Original text in English, accessed September 15, 2026)

In other words, if the destination account is one that is not eligible for bonuses (such as a Zero account with XMTrading), the deducted amount will simply disappear without being credited anywhere.IS6FXis even simpler; the bonus credit disappears the moment you transfer it.BigBossis also not carried over to the destination account.

Before moving any funds intended to be traded using bonuses, please check what happens to the bonuses . For example, if you transfer funds from another account because you don't have enough margin, the bonus in the transferred account may disappear, potentially causing you to fall below your required margin. Bonus conditions are also explained in the section on overseas forex account opening bonuses and deposit bonuses

Some brokers cannot move their positions while they are still holding them

Another practical issue is how open positions are handled.IS6FXmovedoes not allow fund transfers while positions are open,Axirequires that there are no open or pending orders in the sending account. TitanFX allows transfers, but you cannotmore than 90% of your effective margin.BigBossdoes not allow fund transfers at all if you have a negative balance in your account.

If you're planning to use your account to "hold off a stop-loss order by transferring funds from another account,"to check beforehand whether this is actually possible with that broker. It's precisely when you're in a hurry that you'll encounter restrictions in the terms and conditions.

What happens to bonuses for the second and subsequent accounts? | The idea that "the more accounts you have, the more bonuses you get" is not true

Some people think that they can get more bonuses by opening multiple accounts, butbased on our research, opening more accounts with the same broker does not increase the bonus. This is because brokers with bonus programs are designedeither by limiting it to one time per person, a cumulative limit per customer, or,HFMlike. The previous version of this article stated that "account opening bonuses are only given once," but in reality, there are more detailed conditions.

Contractor	Handling of the second and subsequent accounts	Reasons and points to note
XMTrading	The account opening bonus isonly available for the first real account. The deposit bonus hasa cumulative limit per customer(US$10,500).	Terms and Conditions B.4 states "applicable only to Clients' first real trading account." C.3prohibits multiple registrations from the same IP address. Account opening bonuses cannot be transferred between accounts (C.5).
AXIORY	1 time per person	Terms and conditions 2.3 "Only one NDB is granted per client" and 3.7 "per-client basis (not on a per-account basis)" clearly state that it is on a per-client basis, not per-account basis
FXGT	One time per person. And onlyapplicable to specific account types.	Campaign Terms and Conditions Article 14: "per Client". If you have multiple accounts,only the first account registeredwill be eligible. PRO, CryptoX, Cent, and ECN Zero accounts are excluded.
IS6FX	The account opening bonus (3,000 yen)is not given for additional accounts.	The official statement clearly states that "no bonus will be awarded for opening an additional account." Deposit bonuses are also limited to Standard and EX accounts
BigBoss	The account opening bonus (15,000 yen) isa one-time offer per person. Deposit bonuses are available for subsequent accounts as well, butare cumulative per account.	"If you already have aBigBossaccount, opening a new additional account will not qualify you for the bonus." The deposit bonus limit does not increase even if you open more accounts
HFM	Granted only to dedicated bonus accounts	Terms and conditions 3.4 state that bonuses can be added only to the Top-up Bonus account. 4.4 states that holding multiple accounts in this program will result in immediate bonus forfeiture.
ThreeTrader	No permanent bonuses (only available for a limited time)	All four ongoing campaignslimited to "one entry per person," and the "First-Time Trader Support Campaign""participation with multiple accounts is strictly prohibited."The other three campaigns also exclude duplicate participation with multiple accounts.
Axi	No permanent bonuses (individual offers only)	This offer is limited to MT4/MT5 accounts such as Standard and Pro.Only one can be activated at a time, and it will not be granted unless activated before making a deposit.
TitanFX	No permanent bonus system	It is clearly stated that "fund transfers will not be counted towards the campaign's contribution amount."
Exness	There is no bonus system	Clearly stated in both Japanese and English. The issue itself does not arise

Verification Date: September 15, 2026. Our editorial team verified the original terms and conditions of each company's campaigns and official websites. Bonus details and conditions change frequently, so please be sure to check the latest terms and conditions before receiving them. The latest campaign information is updated monthly on our Overseas Forex Bonus Comparison page

Bonuses are counted per customer, not per account

AXIORY's terms of service most succinctly describe this structure

Only one NDB is granted per client

Source:AXIORY Welcome Bonus Terms and Conditions 2.3 (Original text in English, accessed September 15, 2026. NDB = No Deposit Bonus = Account Opening Bonus)

Article 3.7 of the same terms and conditions further emphasizes "per-client basis (not on a per-account basis)." XMTrading also stipulates that it "applies only to the customer's first real trading account" and furtherprohibits multiple registrations from the same IP address. The idea that "if I register with a different email address, I can get it again"of multiple accounts as mentioned aboveand is a violation of the terms and conditions.

If you create an account with an ineligible account type, you will not be able to receive the benefits

Surprisingly, many accountsexcluded from bonuses.FXGTexcludes PRO, CryptoX, Cent, and ECN Zero accounts;IS6FX's deposit bonus is limited to Standard and EX accounts; andHFMbonuses are only given to dedicated bonus accounts.Choosing a higher-tier account based on narrower spreadscan sometimes result in being excluded from bonus eligibility.

Since accounts where you want to use bonuses and accounts where you want to trade while keeping costs down have different purposes,ultimately more advantageous not to try to combine these two into a single account. This is one of the practical reasons for using multiple accounts.

Three things you should NOT do with multiple bank accounts [with article numbers]

While having multiple accounts is a legitimate function,certain transactions using multiple accounts are prohibited by the terms and conditions. Common explanations simply state "it's prohibited by the terms and conditions," but I checked the terms and conditions of 10 different companies to see which clauses prohibit what. The following three things are prohibited:

① Hedging across multiple accounts

This is the most explicitly prohibited practice.While many brokers allow you to hold both buy and sell positions simultaneously within the same account (hedging within the same account), hedging across accounts is treated differently.

Contractor	Hedging across multiple accounts	Article number and original text
XMTrading	Not possible	Official Help states, "You may hedge positions in all trading accounts, butyou cannot hedge between two different accounts." See Sections 55.3 and 55.4 of the Terms and Conditions. Section 47.9 reserves the right to forcibly offset funds in other accounts in cases of abuse.
FXGT	Prohibited	Article 8.6 of the Terms and Conditions explicitly states "whether under the same profile," meaningit specifically refers to multiple accounts. Violations result in the blocking of all consolidated accounts and the invalidation of profits, and a 7% penalty on the balance under Article 23.13.
IS6FX	Prohibited	The official FAQ states, " You may conduct hedging transactions only within the same account ." Article 12 of the Terms of Service, "Conducts hedge trading by having multiple accounts in our company," is listed as a prohibited activity
ThreeTrader	Prohibited	Article 9.7 of the regulations lists "different accounts being traded by one trader simultaneously" and "internal/external hedging" as definitions of manipulative activities
Axi	Prohibited	The Client Agreement's definition clauses "UNACCEPTABLE CONDUCT" (d)(e)between multiple accounts and subaccounts. The sanctions under Article 3.6 extend to accounts of otherAxiGroup companies. *Explicitly permitted within the same account using MT4/MT5 (margin is halved).
HFM	Prohibited in specific situations	Article 26.1 of the Terms and Conditions prohibits risk-free offsetting trades (whether in the same or different trading accounts) aimed at profiting from the opposite market. However, thislimited to situationsin the market, and is not a blanket prohibition.
AXIORY	Prohibited while using bonuses	Campaign Terms and Conditions 4.1(c)(ii) specifically mentions internally/externally hedging.There are no provisions regarding normal trading.
TitanFX	It's not prohibited (but it's not covered by the zero-cut program)	Official Help: "Hedging trades, such as those aimed at zero-cut protection, across multiple accounts are not covered by zero-cut protection" = This means that losses will not be compensated
BigBoss	Prohibited	The Japanese phrase is " high-risk hedging transactions using multiple accounts ," while the English phrase is "Cross orders with multiple accounts" (without restriction), showing a difference in wording between the two languages.
Exness	No specific clauses are named	The terms and conditions, Part C 2.5, "internal hedging... in coordination with other parties" and "multiple account operation," effectively regulate this

The key point isthat "hedging is not completely prohibited." Many brokers officially allow hedging within the same account; the regulations are concerned with attemptsto profit or compensate for losses by using multiple accounts without taking market risk. For a general overview of how hedging is handledoverseas forex, numbered by clause.

② Duplicate registration for bonus purposes

As mentioned earlier, creating a second customer registration using a different email address is prohibited by several brokers. This is especially clear if the purpose is to receive bonuses. XMTrading's account opening bonus terms and conditions go so far as to prohibit multiple registrations from the same IP address.

All Eligible Clients are permitted to hold only one (1) "No Deposit Trading Bonus" Account per one (1) unique IP address. Multiple registrations from the same IP are not permitted nor multiple "No Deposit Trading Bonus" Accounts register with same personal details.

Source: XMTrading Account Opening Bonus Terms and Conditions C.3 (Original text in English, accessed September 15, 2026)

HFM's terms and conditions, specifically section 4.4, state that holding multiple accounts under a bonus program will result inThreeTraderstates in all four of its current campaigns that "participation with multiple accounts is strictly prohibited." immediate bonus forfeiture . Since the bonus is designed not to increase with the number of accounts , there is no point in taking the risk.

③ Account splitting for the purpose of avoiding leverage restrictions

This is the practice of dividing funds across multiple accounts to avoid the reduction in leverage that occurs based on the balance.BigBossofficially states the following:

Trading across multiple accounts to circumvent the variable leverage system is prohibited and will result in enforcement and account freezing, with measures being taken in accordance with Article 5 of the Terms of Service

Source:BigBoss official website (verified September 15, 2026)

First of all,AXIORYthe effective margin of all real accountsdetermines the leverage by aggregatingTitanFX also uses the total of all real accounts for the 2,000x leverage determination of micro accounts,BigBossalso aggregates all accounts for Standard, Pro Spread, and MASS accounts(BigBoss's Deluxe account is account-by-account). Separating the leverage for the relevant account type will result in a lower leverage, so you will only be taking on the risk of violating the terms and conditions.

If a violation is detected, the measures taken may include the cancellation of profits, refusal of withdrawals, and account freezing.Axi, like Some brokers , stipulate thatFXGTlike sanctions can extend to accounts of other group companies , while others, , stipulate the blocking of all consolidated accounts and a 7% penalty on the balance . It's not always the case that "only one account will be suspended." For more details, please see the section on overseas forex account freezing

How to create an additional account | Check before opening if you want to receive cashback

The procedure for opening an additional account is almost the same for all 10 companies.Simply log in to your member page, select your account type, trading tools, and base currency; there's no need to re-verify your identity. Accounts are opened instantly by most brokers.

1. Log in to your existing member page(AXIORYforAXIORYPortal
2. Click the button equivalent to "Open an account"(Axi: from the "Funds" menu in the portal; TitanFX: from the "Add Account" menu on the member page).
3. Choose your account type, trading platform, and base currency(be careful, as many brokers do not allow you to change these three later).
4. Your account number and password will be issued(they will be sent via email; please keep them safe).

Some brokers do not allow you to open additional accounts until your identity has been verified.Axirequiresidentity verification to be completed before opening additional accounts, and if it is not completed, you will be limited to two accounts on MT4/MT5.FXGTalso only allows one account before identity verification.

If you want to receive cashback, you should not create a My Page account with the vendor

This is an easily overlooked point. If you are using a cashback service like Moneycha,and you create an additional account directly from the provider's member page, that account will not be eligible for cashback. Moneycha's official FAQ explains it as follows:

You must open an account using the account opening link specified by MoneyChat. Please refer to the details page of the participating broker for the specified link and account creation procedure. Please note that cashback will not be provided for accounts opened using any link other than the specified one

Source:MoneyChat FAQ(Accessed September 15, 2026)

The same applies to accounts you already have;you cannot be added to the program later, and you will need to open a new account (switch to another platform). In response to the question, "I already have an FX account, do I need to open a new one?", MoneyChat answers, "Yes, you will need to open a new account with MoneyChat."

Things that people tend to do	What will actually happen?
Create an additional account from the broker's member page	not be eligible for cashback. Opening the account via the designated link is required.
Trying to register an existing account for cashback	Registration is not possible. You will need to go through the procedure of opening a new account (transferring accounts).
I believe I became eligible when I applied for the additional account	The cashback does not start just from the application. The cashback starts from the moment account verification is complete
The maximum number of accounts has been reached and you cannot add any more	the vendor's supportto delete the existing account, perform the transfer procedure again.
I think user registration is required for each service provider	No additional steps required. You can receive cashback from multiple vendors with a single user registration (however, only one user account per person)

Even if you are currently using another company's cashback service, you can switch using the same procedure. Specific procedures and links for each provider are listed on their respective detail pages

Before creating an additional account, check the account opening procedure to be eligible for cashback

Frequently Asked Questions about Multiple Accounts in Overseas Forex Trading

How many overseas forex accounts can I open?

It varies greatly depending on the broker. After checking the official information of 10 companies, we found thatExnessallows up to 100 accounts per account type, TitanFX allows 15 accounts,AXIORYallows 10 accounts,FXGTallows 6 live accounts, andIS6FX,ThreeTrader, andAxiallow around 5 accounts each. XMTrading's official website lists both "up to 8 accounts" and "10 real accounts," and it is impossible to determine which is the most up-to-date from the official information .HFMonly states that "there is a limit to the number of trading accounts that can be opened," without disclosing a specific number, andBigBossdoes not officially state whether there is a limit at all (they only have a notice that "the opening of a large number of accounts will be subject to enforcement"). Note that the number of accounts is not limited by Japanese law; the limit is determined by each company's terms and conditions and operations. For more details, please see the list of 10 companies

If I have multiple accounts, will the broker find out? Will they freeze them?

Creating additional accounts with the same broker is a legitimate function that doesn't need to be hidden . A "Open an Account" button is provided on the member page, and the broker is naturally aware of this. Account freezing becomes an issue when creating a second customer registration with a different email address or when conducting prohibited transactions using multiple accounts .HFM's terms and conditions state in Article 2.1 that "The Client is allowed to have only 1 (one) account with the Company," and XMTrading's terms and conditions state in Article 61.1 that multiple accounts will be "treated as if they were under one account." Assume that accounts belonging to the same person will be consolidated

Can I transfer funds between accounts?

All 10 companies we investigated allowed fund transfers between accounts within the same broker . XMTrading,AXIORY,FXGT, TitanFX, andAxireflected the funds instantly, and automatic conversion was performed if the base currencies were different (XMTrading). However, caution is needed regarding bonus handling ; in most cases, bonuses are prorated according to the transfer percentage,IS6FXforfeits bonus credits upon transfer, andBigBossdoes not transfer bonuses to the destination. Also,IS6FXandAxido not allow transfers if there are open positions, and TitanFX does not allow transfers of more than 90% of effective margin. The conditions are summarized in the comparison table of the 10 companies

Can I open multiple accounts with Exness?

Yes, you can.Exnesshas the highest limit among the 10 companies,with a maximum of 100 accounts per account type (30 accounts total for Standard Cent accounts only), and a total of 1,630 accounts under one member account,as stated in their official help section. Fund transfers are also possible, andaccording to their official help section, unlikeother companies, funds can be sent to accounts in other people's names (different personal areas) (the recipient's account number and registered email address are required). Article 7.19 of the terms and conditions states that internal transfers are generally limited to accounts of the same type, and transfers between different types are only permitted if the transfer amount exceeds the minimum initial deposit. Also,Exnessdoesnot have a bonus system and does not have any account maintenance fees(accounts are archived after 3 days of inactivity, but funds are retained and restoration is free).

How many accounts can I open with FXGT?

Terms and Conditions 7.8 clearly state that you can haveup to six live accounts and six demo accounts. Before identity verification is complete, you are limited to one account. There are two points to note: firstly,a maintenance fee is charged for each dormant account(Terms and Conditions 16.9.1.3; $20 USD for the first 90 days of inactivity, and $10 USD per month thereafter); and secondly,the account opening bonus is only available for certain account types(Optimus, Mini, and Standard only; PRO, CryptoX, Cent, and ECN Zero are excluded). Also, Terms and Conditions 7.8 stipulate that all accounts will be blocked and all transactions will be disabled if multiple registrations are made using different email addresses.

If I open multiple accounts, can I receive the account opening bonus multiple times?

You will not receive it. Bonuses are managed on a per-customer basis , not per-account basis .AXIORY's terms and conditions 2.3 state "Only one NDB is granted per client" and 3.7 state "per-client basis (not on a per-account basis)," while XMTrading states that it "applies only to the customer's first real trading account" and also prohibitsIS6FXofficially states that "bonuses will not be granted for opening additional accounts," andBigBoss"even if you open a new additional account, you will not be eligible if you alreadyBigBossstates that multiple registrations from the same IP address . have a account." Attempting to receive the bonus again by registering with a different email address is a violation of the terms and conditions .

Should I close accounts that I no longer use?

If you have a balance remaining, we recommend you consolidate it.Eight out of ten companies have account maintenance fees, andFXGT,HFM,BigBoss, andAxicharge per account.HFMhas a progressive fee system where the longer the account is inactive, the higher it is: $5 per month for 6 months to 1 year, $20 per month for 2 to 3 years, and the previous year's amount plus $10 for over 3 years.AXIORY, clearly states in its terms and conditions 22.1 that it is per customer, so it remains $5 per month even if the number of accounts increases.Many brokers do not charge if the balance is zero, so simply withdrawing your funds is one way to take precautions. However, XMTrading freezes accounts after 90 days if the balance isless than USD 5/JPY 500/EUR 5(set for each account's base currency), and their official help states that "once a trading account is frozen, it cannot be reopened."

How does filing a tax return work work if I trade using multiple accounts?

Profits and losses from overseas forex trading are reported as a total, not per account . This includes profits from multiple accounts with the same broker, as well as profits from trading with multiple brokers. Therefore, the more accounts you have, the more careful you need to be to avoid missing any annual trading reports. Note that overseas forex profits and losses are taxed differently from domestic forex profits and losses, so they cannot be calculated together . Specific calculation methods and required documents are explained in the section on overseas forex taxes

Summary | The difference lies not in increasing the number of accounts, but in how you close the accounts you've created

After reviewing the terms and conditions and official FAQs of 10 companies, I realized thathaving multiple accounts is the intended use by the providers, and the risks lie not in "creating" them, but in "leaving them inactive" and "using them incorrectly." Since account types cannot be changed later, it is natural to need accounts with different conditions.

When actually increasing your balance,make it a habit to: ① first check the broker's limits and dormancy conditions, ② decide on your purpose (for bonuses, low costs, or for EAs) before choosing an account type, and ③ withdraw and organize your balance when you stop using it. If you do this, you won't be charged maintenance fees or violate any terms and conditions.

Please note that if you wish to use the service while receiving cashback,you must also open an additional account through the designated link to be eligible. Accounts created through the provider's member page cannot be registered later, so please check the procedure before opening an account.

Before opening more accounts, check the opening procedures to ensure you qualify for cashback