Pepperstone Forex | Page 163 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Pepperstone Forex
Exit Attachments

Pepperstone Forex

  • #3,241
  • Jan 4, 2017 2:00am Jan 4, 2017 2:00am
I read their term & conditions:

3.5 We deposit all money paid by you into our trust account, which is an account operated in accordance with the Corporations Act. You agree and acknowledge that:
...
(f) we may use your money from the trust account for the purpose of meeting obligations incurred by us in
connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in
derivatives by us (including dealings with our Hedging Partner), including dealings on behalf of other
clients. In the case of amounts withdrawn under this clause 3.5(f), the amounts are held in one or more
accounts in the Hedging Partner’s name in accordance with the Corporations Act.
...

If they segregate client's account, why they can use it? anybody could explaining this in simplier language?
  • #3,242
  • Jan 6, 2017 6:18am Jan 6, 2017 6:18am
Quoting irwanwd
I read their term & conditions: 3.5 We deposit all money paid by you into our trust account, which is an account operated in accordance with the Corporations Act. You agree and acknowledge that: ... (f) we may use your money from the trust account for the purpose of meeting obligations incurred by us in connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in derivatives by us (including dealings with our Hedging Partner), including dealings on behalf of other clients. In the case of amounts withdrawn under...
All FX brokers do this.

They segregate your funds from their funds, but not from other client's funds.

So they put all client's funds in one giant account (a client omnibus account), which is separate from Pepperstone's funds.

But the entire client omnibus account is used as collateral with their Hedging Partner - so your funds are used as collateral for other client's positions.
  • #3,243
  • Jan 25, 2017 1:35am Jan 25, 2017 1:35am
10 pips difference on DAX between pepperstone, both ctrader/mt4, and trading view with fxcm cotation ..??? any idea where this come from ?
Attached Image (click to enlarge)
Click to Enlarge Name: pep vs fxcm.JPG Size: 50 KB
There is no way to happiness , happiness is the way.
  • #3,244
  • Jan 25, 2017 10:22am Jan 25, 2017 10:22am
Quoting Ockham
10 pips difference on DAX between pepperstone, both ctrader/mt4, and trading view with fxcm cotation ..??? any idea where this come from ?
thats because they both are market makers.
however the structure is the same, so there is only a numeric offset, prices do move the same on both
  • #3,245
  • Feb 3, 2017 11:22pm Feb 3, 2017 11:22pm
Last night, I opened a trade 3 hours before NFP. SL moved to BE+1 one hour before NFP.

2minutes before NFP, the distance between my SL and current price is 27pips.
1 minute before NFP, my trade was closed and SL was filled in at -5 my SL.

I emailed to CS. Needless to say, they came out with all these "low liquidity" "next best available price" "widen spread".

For the record, the spike did not break 20pips. However, I was told, conveniently or rather coincidentally, the spread has widen for 30pips 1 minute before NFP (3 pips more than my original stop loss) and my trade was closed as a result.

Needless to say, the trade then went on recording +100pips and support staff asked me to sit in and face the reality...

"This is one of the realities of ECN trading in Forex - Slippage can happen when there is not enough liquidity at the requested price to fill your order so the bank fills at the next best available price."


P.S: Normal spread for the pair was 1.5. 1minute before the news, it was 30pips. 20 times normal spread.
  • #3,246
  • Feb 4, 2017 3:08am Feb 4, 2017 3:08am
Quoting FxLapozi
Needless to say, the trade then went on recording +100pips and support staff asked me to sit in and face the reality...
i traded NFP "Fear-selloff" on AUDUSD on a small live account.
the spread widend long before the actual NFP effect took place!

so the Pepperstone staff was actually correct in the recomentation of facing realitity

standard spread is usually soemthings arround 1.6-2.0

25 sec before NFP: 4pip
2 sec before: 31pip
2 sec after: 27pip
7 sec after: 14 pip

and while the whole actual NFP reaction (which was Long-direction) the spread did not widen more than that .. (as far as i could see)

look for yourself:
i made a video record:
Inserted Video


but yes, i did remove the useless stoploss (as you can see in the video) .. as its just with gap trading .. the stoploss is pretty much useless as if there is no price available the broker will fill you at the next price. and that price is usually VERY bad.

if you have a 200pip gap on Monday morning or if the broker cant get your requested stop price, that is 100% the same thing.

this is indeed just a reality of trading.
in the stock market this is acually much worse as stocks have to be physically aviable to buy in order to get filled.
if nobody wants to sell, you not get filled.
  • #3,247
  • Feb 6, 2017 8:09pm Feb 6, 2017 8:09pm
Quoting FxLapozi
Last night, I opened a trade 3 hours before NFP. SL moved to BE+1 one hour before NFP. 2minutes before NFP, the distance between my SL and current price is 27pips. 1 minute before NFP, my trade was closed and SL was filled in at -5 my SL. I emailed to CS. Needless to say, they came out with all these "low liquidity" "next best available price" "widen spread". For the record, the spike did not break 20pips. However, I was told, conveniently or rather coincidentally, the spread has widen for 30pips 1 minute before NFP (3 pips more than my original...
which pair you traded that night?
i also faced some frequent frozen on MT4 after NFP that night
  • #3,248
  • Feb 6, 2017 8:14pm Feb 6, 2017 8:14pm
Quoting 90strader
{quote} which pair you traded that night? i also faced some frequent frozen on MT4 after NFP that night
GBPJPY and I am using cTrader. Guess I just have to avoid trading red news.
  • #3,249
  • Feb 6, 2017 8:18pm Feb 6, 2017 8:18pm
Quoting nullx8
{quote} i traded NFP "Fear-selloff" on AUDUSD on a small live account. the spread widend long before the actual NFP effect took place! so the Pepperstone staff was actually correct in the recomentation of facing realitity standard spread is usually soemthings arround 1.6-2.0 25 sec before NFP: 4pip 2 sec before: 31pip 2 sec after: 27pip 7 sec after: 14 pip and while the whole actual NFP reaction (which was Long-direction) the spread did not widen more than that .. (as far as i could see) look for yourself: i made a video record: https://youtu.be/N3zRP24USLY?t=9s...
Nullx8, Thanks for the video and I understand it well enough having been trading for the past 6 years. I was a little frustrated because I think it was fishy as the spike was 20 times average spread and 3 pips higher than my SL.

I did ask for past record of spread spike during NFP and needless to say, I wasn't provided with any and they simply divert it to other issues. They merely change someone with more experience to do the talking rather than some newbie to copy paste the ready made explanation. I m dropping the issue simply because it's not worth my time.
  • #3,250
  • Feb 6, 2017 8:31pm Feb 6, 2017 8:31pm
https://pepperstone.com/en/company-p...-and-licensing

Anyone else catch that Pepper is now regulated by the FCA as well?

Nice...
FXGears.com
  • #3,251
  • Feb 7, 2017 3:04am Feb 7, 2017 3:04am
Quoting FxLapozi
I was a little frustrated because I think it was fishy as the spike was 20 times average spread and 3 pips higher than my SL.

I m dropping the issue simply because it's not worth my time.
yeah after re-watching it i did see the spread did indeed spike up hugely .. (i removed the stoploss about 20 sec. before that happend)
funny it happen while the selloff and not like on other brokers while the main move starting.
which is actually bad for me, since i do not trade the main move.

netherless to say .. if i would have gone long right this sec. they would indeed cut off about 30pips from my entry long.
i usually exit based on the spread give me something i can live with it on a moreless eye-sight fashion.

in comparision to other so called "brokers" this is actually quite modest, on FBS as example the spread was 27pips for almost 30 sec.
on pepperstone just this one or 2 sec.
  • #3,252
  • Feb 7, 2017 3:49pm Feb 7, 2017 3:49pm
Hello, I want try peppeestone with small size about 100 usd. Is there any problem that i will send 100 usd? Because min. deposit is 200 usd...is better standard account or ecn for swing trading main H4 tf?

Thanks
  • #3,253
  • Feb 11, 2017 10:33am Feb 11, 2017 10:33am
Quoting Ockham
10 pips difference on DAX between pepperstone, both ctrader/mt4, and trading view with fxcm cotation ..??? any idea where this come from ? {image}
someone having an account on both broker could profit from this one.
i lose money for a living
  • #3,254
  • Feb 11, 2017 10:35am Feb 11, 2017 10:35am
Quoting tylerbose
{quote} someone having an account on both broker could profit from this one.
it's not a lag .. the priceaction is the same .. just a offset in the numbers ..

there is no profit to be made .. (i verified that already a long time ago)
  • #3,255
  • Feb 15, 2017 2:19pm Feb 15, 2017 2:19pm
Quoting Cencored
I've been with pepper for at least 2 years and think they are great. Absolutely nothing negative to report. They're one of the good ones.
Hi buddy. I am thinking to open an account with Pepperstone. I just want to know how do you deposit and withdraw your account? What are the best ways to do without paying fees? What about taxes? Do you have to report profits for taxes? Do Peperstone withholds any tax amount during withdrawals? Australia has Capital Gains tax. I dont live in Australia, how does tax apply to clients living outside of Australia? Please let me know.
  • #3,256
  • Feb 22, 2017 9:39pm Feb 22, 2017 9:39pm
Quoting redcap
{quote} Hi buddy. I am thinking to open an account with Pepperstone. I just want to know how do you deposit and withdraw your account? What are the best ways to do without paying fees? What about taxes? Do you have to report profits for taxes? Do Peperstone withholds any tax amount during withdrawals? Australia has Capital Gains tax. I dont live in Australia, how does tax apply to clients living outside of Australia? Please let me know.
are you a U.S citizen ?

Quote
Do you accept US Clients?
No. Pepperstone prides itself on being an International fx trading firm welcoming clients from across the globe. Sadly US CFTC regulation prevents US clients trading with non US brokers. Pepperstone strictly complies with all International and Australian regulations and thus at present Pepperstone is unable to accept US clients.
https://pepperstone.com/en/client-resources/faq
  • #3,257
  • Apr 2, 2017 2:06pm Apr 2, 2017 2:06pm
I use pepperstone since one year without any problems from germany, withdraw is super fast. Today I wanted to add a second live account, and I got the message that pepperstone does not accept customers from Europe and UK any longer.

My old live account is still working and I got last week the withdraw fast as ever.

BUT: I am very concerned about pepperstone now. They could on any day say: no you are from Europe, you can't withdraw your profit anymore.

What do you think about this?
  • #3,258
  • Apr 2, 2017 2:08pm Apr 2, 2017 2:08pm
Quoting rolandbeck
I use pepperstone since one year without any problems from germany, withdraw is super fast. Today I wanted to add a second live account, and I got the message that pepperstone does not accept customers from Europe and UK any longer. My old live account is still working and I got last week the withdraw fast as ever. BUT: I am very concerned about pepperstone now. They could on any day say: no you are from Europe, you can't withdraw your profit anymore. What do you think about this?
no idea but just got back 26K Friday wired to bank account in EU.
  • #3,259
  • Apr 2, 2017 2:22pm Apr 2, 2017 2:22pm
Quoting rolandbeck
I use pepperstone since one year without any problems from germany, withdraw is super fast. Today I wanted to add a second live account, and I got the message that pepperstone does not accept customers from Europe and UK any longer. My old live account is still working and I got last week the withdraw fast as ever. BUT: I am very concerned about pepperstone now. They could on any day say: no you are from Europe, you can't withdraw your profit anymore. What do you think about this?
I got an email telling me my account would be on hold for a while, while they make some changes to the regulations as I am from the EU, then I got another email apologising because my account is actually in dollars so does not apply to me, I was certainly a bit bemused by it all. Regardless of this on Thursday I succesfully got 12.5k withdrawal into my bank account from my March profits, and I am from the UK.
  • #3,260
  • Apr 2, 2017 5:46pm Apr 2, 2017 5:46pm
Quoting deankenny21
{quote} I got an email telling me my account would be on hold for a while, while they make some changes to the regulations as I am from the EU, then I got another email apologising because my account is actually in dollars so does not apply to me, I was certainly a bit bemused by it all. Regardless of this on Thursday I succesfully got 12.5k withdrawal into my bank account from my March profits, and I am from the UK.
Thanks for sharing. Do you generally satisfy with the broker?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -5.8%
1 trader viewing now