Pepperstone Razor Average Spreads Not Matching Live Data? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pepperstone Live Chat not available 4 replies

Pepperstone AU accounts being moved to Pepperstone UK 0 replies

Variable Spreads and Average Spreads 0 replies

Pepperstone Live Server Reliability 53 replies

Chart comparison between Pepperstone Razor Vs Other ECN 17 replies

Attachments: Pepperstone Razor Average Spreads Not Matching Live Data?
Exit Attachments

Pepperstone Razor Average Spreads Not Matching Live Data?

  • #1
  • First Post: Edited 5:23pm Jan 15, 2018 4:57pm | Edited 5:23pm
Hello everyone,

I have a Razor account with Pepperstone, which supposedly gives these average spreads:

EURUSD - 0.16
AUDUSD - 0.27
GBPUSD- 0.49
USDJPY 0.25

https://pepperstone.com/en/forex-trading/spreads

The problem I have is this:

I have been looking at the charts for 16 hours a day for the past day, and have noticed that the spreads do not actually even reach their supposed 'average' spread, let alone their 'minimum' spread, which for EURUSD is 0.

Instead of the EURUSD average being 0.16, I have never seen it fall below 0.4 in the full 16 hours I was looking at the charts.

I'm beginning to think they are blatantly lying about their 'razor' spreads, while I'm stuck paying $7 commission, while still paying a 5 pip spread on GBPJPY, for example.

What spread does everyone else see?

EDIT: I can now finally see the EURUSD reaching a spread of 0 during these hours of low volatility, however the GBPJPY and a few other currency pairs are still not at the 24 hour average, let alone their minimum's.
  • #2
  • Jan 16, 2018 3:43am Jan 16, 2018 3:43am
Did you notice the bank holiday in the US yesterday?

Spreads are garbage when liquidity is thin.
  • #3
  • Edited 4:47am Jan 16, 2018 4:16am | Edited 4:47am
Quoting Drolph
Did you notice the bank holiday in the US yesterday? Spreads are garbage when liquidity is thin.
It is nothing about holidays. Pepperstone back office staff read that and laugh at your retail believe. Pepperstone does it all the time. 0 spread on eurusd is just a marketing tool. They trigger that once every couple minutes, so they can justify their public claims. Otherwise they would have issue with ASIC and consumer tribunal. So they play safe.

It is nothing about holidays. There are brokers who TODAY will go occasionally to negative spread on euruds. In time of your presumed holidays.

Here are some examples how Pepperstone spread works - click into tread below and further posts. Screenshot are from live accounts during different liquidity times on different pair. Pepperstone - "broker 2" on the screenshots - clearly markups spread as they wish, on consistent basis. But not as bad as "FxPro" (quotes indented, my hand cannot write "pro' in this context without).

All this talk about edge account, razor account, srazor account... it is just gender orientated marketing bullshit, like clinically tested anti wrinkle cream.

https://www.forexfactory.com/showthr...7#post10280837

AND IF YOU DONT BELIEVE ME - HERE IS ATTACHED CTRADER PLUGING FOR YOU. IT RECORDS MINIMUM AND MAXIMUM SPREAD OVER PERIOD OF TIME AND DISPLAYS ON THE CHART. Get this source code, compile in calgo, attach to your chart and post results here, with indication of the pair and liquidity time, so everybody can see for themself WITH REAL EVIDENCE, not retail assumptions.

Attached File(s)
File Type: txt DrawMinMaxSpread.txt   1 KB | 513 downloads



Attached Image (click to enlarge)
Click to Enlarge Name: fxpro_gbpusd_spread_comparision_to_other_brokers copy.png Size: 183 KB


Attached Image (click to enlarge)
Click to Enlarge Name: fxpro_spread_versus_other_brokers_gbpcad.jpg Size: 286 KB


Attached Image (click to enlarge)
Click to Enlarge Name: fxpro_gbpusd_spread_during_UK_CPI_PPI_comparision_to_other_brokers copy.png Size: 184 KB


Attached Image (click to enlarge)
Click to Enlarge Name: fxpro_spread_versus_other_brokers_gbpjpy.jpg Size: 272 KB
  • #4
  • Jan 16, 2018 6:26am Jan 16, 2018 6:26am
Quoting Elpidius
...while I'm stuck paying $7 commission, while still paying a 5 pip spread on GBPJPY, for example.
...as an update... with a normal broker.. for last several hours gbjpy spread was in a range of min/max 0.0/1.2 and typically somewhere around 0.5-0.8.... go figure Pepperstone
  • #5
  • Jan 16, 2018 6:28am Jan 16, 2018 6:28am
Quoting jdieieh
{quote} It is nothing about holidays. Pepperstone back office staff read that and laugh at your retail believe. Pepperstone does it all the time. 0 spread on eurusd is just a marketing tool. They trigger that once every couple minutes, so they can justify their public claims. Otherwise they would have issue with ASIC and consumer tribunal. So they play safe. It is nothing about holidays. There are brokers who TODAY will go occasionally to negative spread on euruds. In time of your presumed holidays. Here are some examples how Pepperstone spread...
Haters gonna hate.

I only see a lot of claims, no "proofs" although you might think you are into something serious far "beyond" the retails can see.

Different brokers have different liquidity providers. Depending on the used plattform there are a dozen factors influencing the "shown" spread. But I do not need to prove you wrong. Go ahead..

If you need an honest advice:
Instead of making noise about the spread you should start concentrating on slippage! A decent spread is not worth anything if you are slipped 1-2 pips on average. Orderfilling is what counts, and there are worse competitors than Pepperstone out there.

You might have a different view, but I am making money out of this business and slippage is the only thing that concerns me.
  • #6
  • Jan 16, 2018 6:41am Jan 16, 2018 6:41am
Quoting Drolph
{quote} Haters gonna hate.
Stop your f...ing pointless millennia complain bullish. Do some real work that contribute to the community instead wasting time writing school essays. Put that plugin and show everybody what spread you have. I gave it to you for free, use it.

I cannot see any f...ing lack liquidity, but I have real broker, not some bucket shop like you.

What should really concern you, is your lack of street intelligence and sheepy acceptance of marketing.
  • #7
  • Jan 16, 2018 6:47am Jan 16, 2018 6:47am
Quoting Drolph
{quote} Haters gonna hate. I only see a lot of claims, no "proofs" although you might think you are into something serious far "beyond" the retails can see.
Typical millennia behavior: when faced with facts and possibility of some work - spent 2 minutes writing some hate message and retread from discussion. No wonder this generation is f...ed in ass by politicians, corporation, employers, and baby boomers. Zero back spine. Result of growing up with positive affirmation only environment, zero competitions and Facebook self indulgence. By far, the worse generation ever - God save us when they finally put hand in politics and make us love socialism again.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 32 KB
  • #8
  • Jan 16, 2018 7:28am Jan 16, 2018 7:28am
Pepperstone has razor thin spreads on eur/usd usd/jpy aud/usd. Rest is comparable to fixed spread brokers. So if you plan to trade anything but these pairs, steer away because they haven't lowered their commissions like the competition and they are pretty expensive. Last time i used them in April 17 before they forced us to their Euro branch, their EU spreads were ranging from 0.0 to 0.3 during busy hours and 0.4-1.2 during early Asian hours. They lost a lot of clients probably due to having to stop accepting Europeans in their Australian branch so they get to raise their spread and keep comms expensive.
  • #9
  • Jan 16, 2018 4:11pm Jan 16, 2018 4:11pm
Quoting Elpidius
Hello everyone, I have a Razor account with Pepperstone, which supposedly gives these average spreads: EURUSD - 0.16 AUDUSD - 0.27 GBPUSD- 0.49 USDJPY 0.25 https://pepperstone.com/en/forex-trading/spreads The problem I have is this: I have been looking at the charts for 16 hours a day for the past day, and have noticed that the spreads do not actually even reach their supposed 'average' spread, let alone their 'minimum' spread, which for EURUSD is 0. Instead of the EURUSD average being 0.16, I have never seen it fall below 0.4 in the...
use spread recorder code n get d average spread recorded n calculated eyeballing wont work for d case
WaBaS Where are Buyers and Sellers
  • #10
  • Jan 16, 2018 6:02pm Jan 16, 2018 6:02pm
Listen to what Drolph said. Another problem is that average mupet with 100 or 1000 usd account expecting same trading conditions and service as institutional client with millions.....
  • #11
  • Jan 17, 2018 6:17am Jan 17, 2018 6:17am
Quoting johnnycash
Listen to what Drolph said. Another problem is that average mupet with 100 or 1000 usd account expecting same trading conditions and service as institutional client with millions.....
yeah... listen what this guy says... surely it is more reliable than checking facts by yourself... quintessential critical thinking...
  • #12
  • Jan 17, 2018 6:37am Jan 17, 2018 6:37am
Here is one for Pepperstone eurusd and gbpjy, 12:30pm GMT. No holiday today, right? Middle of European and UK session. Liquid enough time. Can you see clear, consistent markup from Pepperstone in both, min/max spread for measured period of time and the current spread at the time of screenshot???

Attached Image (click to enlarge)
Click to Enlarge Name: pepperstone_spread_01.PNG Size: 116 KB
  • #13
  • Jan 17, 2018 7:00am Jan 17, 2018 7:00am
Things not going to change. 10 years ago people complained that 5 pips spread killing their trading systems. Now 0.2 instead of 0.1 makes them to loose money.
Execution is important and not spread. 0.1 spread with huge slippage is much worse than 1 pip spread and almost no slippage at all.
I'm saying this for years - people paying 500 for return transatlantic flight with budget airlines and demanding service like on a private jet. It's not going to happen. Never.
Especially at retail level......
  • #14
  • Jan 17, 2018 7:32am Jan 17, 2018 7:32am
Here is other tool for those who like to dissect numbers: showing numbers of ticks on each spread level (>0.5, 0.5, 0.4, 0.3, 0.2, 0.1, 0.0 and <0.0).... four different pairs, liquid time on EUR, UK and US open, major news coming soon... does Pepperstone lives to its claims?


Attached Image (click to enlarge)
Click to Enlarge Name: pepperstone_spread_02.PNG Size: 209 KB
  • #15
  • Jan 17, 2018 8:02am Jan 17, 2018 8:02am
... and Pepperstone half an hour later, still very liquid times... how does it live to advertised expectations?

Attached Image (click to enlarge)
Click to Enlarge Name: pepperstone_spread_03.PNG Size: 206 KB
  • #16
  • Jan 18, 2018 4:19am Jan 18, 2018 4:19am
I (and my friends) used pepperstone for 3 month (we trade news).
At the begin was very good, after that....he has expanded the spread incredibly
  • #17
  • Jan 19, 2018 3:24am Jan 19, 2018 3:24am
I think that shows very clearly how Pepperstone sets spread in comparison to other broker for eurusd in very liquid EU session today (captured over an hour or so) ...

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 33 KB
  • #18
  • Jan 19, 2018 3:56am Jan 19, 2018 3:56am
Quoting fxste
I (and my friends) used pepperstone for 3 month (we trade news). At the begin was very good, after that....he has expanded the spread incredibly
I agree. Plus the slippage is horrible once you get profitable. In the beginning when i started to trade with them my orders were getting filled pretty past with almost minimal slippage. Once i started to get profitable, i realised a slippage of 20-25 pips on average with 80 pips as the max, and this when the lot size was not big.
Your salary is the bribe they give you to forget your dreams
  • #19
  • Edited 6:15am Jan 19, 2018 4:05am | Edited 6:15am
Even tickmill that has $25 account opening, have over 95% eurusd spread stay at 0.0-0.2 with $4.9 commision per/lot. peperstone is terrible, though we cant get same spread as big guys that trade on 100lots, but that commision is still very high just like market makers.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #20
  • Jan 19, 2018 4:31am Jan 19, 2018 4:31am
Quoting jdieieh
I think that shows very clearly how Pepperstone sets spread in comparison to other broker for eurusd in very liquid EU session today (captured over an hour or so) ... {image}
..and an hour later we can see clear tendency in spread distribution for Pepperstone. Constant 0.1-0.2 markup on eurusd.

So why is like that? Does Pepperstone uses different pool of liquidity providers than other broker and cannot consistently hit 0.0-0.01 spread? Or perhaps Pepperstone allocates extra cut from spread, on top of commission? Maybe...

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 32 KB


Not, according advertising material.. Have you noticed selection of words in Pepperstone website screenshot below?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.PNG Size: 143 KB
0 traders viewing now