- | Joined Jul 2012 | Status: Edmonton Alberta Canada | 530 Posts
Whatever is happening right now has happened before and will happen again.
Pepperstone AU accounts being moved to Pepperstone UK 0 replies
Pepperstone suspends Forex trading in the UK 6 replies
Pepperstone Live Server Reliability 53 replies
List pepperstone and icmarkets crashes here 3 replies
Chart comparison between Pepperstone Razor Vs Other ECN 17 replies
DislikedI'm also from Alberta. I moved from AvaFX to Pepperstone and it's been a pleasant experience thusfar. Ava had some brutal spreads.
I haven't tried to withdraw funds at Pepperstone yet so I can't comment on that, but at least my deposit was processed very quickly < 30 minsIgnored
DislikedThanks Ramy, but I was referring to Pepperstones website. Meaning if I am already on their website why do they suggest I open an account through the Aslan group. Surely it reduces the amount of commission Pepper makes.
Cheers.Ignored
DislikedFrom what info i gathered , One of the owners of Pepperstone is an ex-employee of Gomarkets(Correct me if i am wrong…) And Gomarket cut rebates for whatever reason they had. And he moved on from there but kept good relations with the Asian group. So that is probably the reason why they are featured on their website. Plus, it gave them extra exposure to start with. I am saying this in all reserve as it has been a while since I have read up on the story. Maybe a different broker, not sure… But I think those are the reason.
Feel free to correct me,...Ignored
DislikedI've heard similar - Rumor is the Aslan group was the very first IB to Pepperstone and launched Pepperstone to their entire client list. In exchange for helping Pepperstone get up and running they agreed to have Aslan Group's link on their own site.Ignored
DislikedI've started a live account with them this week. Their spreads are nice and opening trades isn't a problem, but I've noticed a delay of (sometimes) up to 5 seconds when closing trades! As I'm not really a scalper, this doesn't bother me that much but it can definitely hurt you in the long run.Ignored
DislikedAnyone knows when MT5 would be up and running? I noticed that they added MT5 to their list of platforms.Ignored
QuoteDislikedThe EDGE Environment is the most comprehensive, highest-performance portfolio of enterprise Forex Trading Technology for clients who seek to unlock unparalleled execution acceleration and reduced spreads. EDGE allows Pepperstone clients direct ECN trading via Metatrader 4 � The world�s favourite FX trading platform
FASTER. Up to 12x improvement in execution speed, Up to 10x latency reduction with additional optical fibre connections to Interbank Servers in New York. New One-Click MT4 order window for Ultra-Fast Trade Placement.
SMARTER. Pepperstone Price Improvement (PPI) Technology intelligently routes FX orders to detect market-hot spots and deliver optimal prices. Gain a complete market view with 24 Additional Tradable Currency Pairs. New Market Depth display in MT4 enables analysis of FX market order book and liquidity.
TIGHTER. New Dark Pool Liquidity access and enhanced ECN connectivity means EDGE Spreads are tighter � delivering cost savings on every trade for our Clients. Transparent and seamless access to the global currency market has never been more accessible to retail FX Traders than with EDGE.
See ECN Market Depth � Analyse the ECN order book to make more informed trading decisions. See pockets of liquidity and trade large lot sizes with confidence.
Depth of Market Application for MetaTrader4 allows your client to view full depth-of-book with live prices and associated quantities inside your company�s branded MT4 terminal in real time. The live display provides benefits to traders over the prevalent best bid/offer display found on most FX platforms. This is a great solution for ECN/STP brokers, and Market Depth easily integrates with our One-Click Trading application.
What is the Depth of Market?
Spreads in FX should always be considered in conjunction with depth-of-book. In FX, the larger the ticket size, the wider spread is. Depth of Market is a measure of volume available for transaction purposes for a particular instrument at a certain point in time. The best Offer (ASK) and the best BID are displayed in a table along with the capped volume available at given prices.
Dark Pool Liquidity
Because there is no central exchange in Forex, liquidity exists in multiple fragmented FX Pools across different ECN venues and bank systems. Pepperstone EDGE unifies these pools and delivers unparalleled depth of market to the retail FX Trader enabling Block Orders and High Volume Strategies such as Scalping and to be delivered to into the market with maximum price efficiency.
DislikedA reply from Pepperstone:
Someone said that support replied that all Razor accounts will be migrated to this in the next few weeks...
Any thoughts? Jack?Ignored
DislikedApparently too many thoughts.. lol.. I started typing and next thing I know I had a good few pages of streaming thought on the subject... there's really quite a lot to cover. Give me a bit to sort it out and make it more clear and concise.Ignored
Edge is faster.
I couldn't really notice the difference visually since I'm already just a spit away from NYC, but as measured by scripts there is an execution speed improvement. This is most noticeable for people trading outside of North America. I've reached out to other traders testing the platform from Europe and we're seeing ~50-200ms cut off their submit-to-fill execution time. I'd imagine similar improvements for traders from Pepper's backyard (Asia/Australia.)
They are tighter on some pairs. Other pairs are pretty much the same, fluctuate between periods of being slightly tighter to slightly wider, or in some cases are a bit wider. So right now this is a bit of a mixed bag.
If you primary trade the Majors then you'll see either the same average spreads or a ~0.01-0.1 pip tighter spread... Some crosses are averagely tighter (like EUR/JPY, EUR/CHF, CAD/JPY, AUD/CHF..) But some crosses are a bit worse than they were on Razor. So it isn't an across the board reduction.
Some people will be very happy while others not so much, so in the end it's more of a mixed result.
From what I understand, Pepper will be continually trying to improve this by adding on more liquidity providers and banks to their backend. Normally, saying this would sound like an easy cop-out.. but I've experienced the difference when they followed through with this promise and added UBS to Edge not long ago; there was a noticeable improvement.
Special Mention: XAU/USD spreads are HALF of what they were on Razor.. If you're a gold trader, this is a pretty big deal. You're gonna see a great reduction in your total cost of trading. I'm actually quite perplexed as to why Pepper isn't mentioning this in their info on the new Edge account. Undercutting most other brokers on gold spreads is noteworthy.
They can range from being about the same to ~25% less than on Razor depending on the pair (there is the odd outlier, but most rest ~15% less.) This is offset a bit by the speed increase in execution, however, I would still like to see this improved. The average trader will probably not notice this difference at all, but some traders may have to make some adjustments to compensate (people running tick scalping EAs for example, which hardly work well with most brokers as it is since tick scalpers are so aggressive and sensitive to slight changes in tick quality.)
On a positive note, metals have seen nearly double the tick rate. So that's a huge positive again for metals traders.
There are a lot of new crosses available. This actually is a huge plus for me since I use Oanda for some strategies on more exotic crosses and now I have another alternative venue with decent spreads.
Pepper has added a plugin that which allows for one click trading and displays a DOM within MT4... it's not bad as an addition to the platform for your average retail trader.
The DOM is going to be a good tool to make sure the market can take your large order without slipping you to fill it.
One click trading works as it sounds.
A hidden gem in this plugin is the chart based order management. You'll be able to see stop and TP order lines show up on the chart as movable objects. You can adjust a level by a simple click and drag. It's a nice feature.
This is a little heavy on the marketing fluff... but I suppose it's notable since they've replicated some aspects of what Integral's Grid would be doing in the background.
Don't get me wrong, I'm not putting PPI down... I'm just saying it's something traders already expect from an environment that aggregates multiple price feeds.
DislikedDepth of Market and One Click Trading App - Positive
[indent]Pepper has added a plugin that which allows for one click trading and displays a DOM within MT4... it's not bad as an addition to the platform for your average retail trader.
The DOM is going to be a good tool to make sure the market can take your large order without slipping you to fill it.
One click trading works as it sounds.
A hidden gem in this plugin is the chart based order management. You'll be able to see stop and TP order lines show up on the chart as movable...Ignored
DislikedHi,
Thank's Jack_Larkin for information.
I have a standard account , but i do not see where download the plugin "Depth of Market and One Click Trading" . Can you give me a link
thank you very muchIgnored
DislikedIt's not released yet. It will be a feature of Edge when Edge is released.
I have no idea if they'll be offering a DOM for standard accounts... The one click trading and order management features make me think it would be worth having on standard accounts but the DOM might not be useful.
If I find out any more info on that, I'll relay it here.Ignored
DislikedWhat is the depth of market like on eurusd? Good liquidity on average in london session(eurusd)? How much?Ignored