What to Do Before Switching Broker (2026)
Before you switch broker, do five things: settle or close your open positions, withdraw cleanly from the old account, confirm the new entity that applies to your country, compare the real all-in cost (spread plus commission), and migrate your platform setup. The mistake is moving capital first and checking later. Check the new route before you move a penny.
The pre-switch checklist
- Close or settle all open positions on the old broker
- Withdraw cleanly and confirm the funds land
- Confirm the new broker’s entity for your country
- Compare the real all-in cost, not the headline spread
- Migrate your platform, indicators and risk setup
- Only then move your capital
Honest watch-out
Do not chase a switch over one bad week. Switch for structural reasons: wrong entity, consistently wide costs, slippage or withdrawal friction. If it is just variance, you are moving capital for nothing.
Other sites compare brokers. KenMacro routes traders, matched to how you trade and your country. Get matched, or check your current setup, in about 20 seconds.
FAQ
What should I do before switching broker?
Settle or close open positions, withdraw cleanly from the old broker, confirm the new entity for your country, compare the real all-in cost, and migrate your setup. Do not move capital until you have checked the new route, or you can end up worse off.
Is it worth switching broker?
It can be, if your current broker has real problems: wide spreads, slippage, slow withdrawals or the wrong entity. Run the Should I Switch tool to check, then route to a better fit before you move capital.
Education only, not financial advice. Always confirm the regulated entity that applies to your country on the regulator’s own register before funding. CFDs are leveraged and most retail accounts lose money. KenMacro may earn commission on broker referrals at no extra cost to you.
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