Pepperstone VS IC Markets? | Forex Factory

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Pepperstone VS IC Markets?

  • #1
  • First Post: Feb 7, 2018 3:52am Feb 7, 2018 3:52am
Hello all .
which broker you would choose pepperstone or icmarkets ?

during news trading ...manytimes i notices icmarkets spread widening during news release and it's very high ! did anyone noticed that also pepperstone ?
which broker you recommend during news trading ?
regards
  • #2
  • Feb 7, 2018 10:44am Feb 7, 2018 10:44am
Quoting forexlover20
Hello all . which broker you would choose pepperstone or icmarkets ? during news trading ...manytimes i notices icmarkets spread widening during news release and it's very high ! did anyone noticed that also pepperstone ? which broker you recommend during news trading ? regards

Only scam market maker don't widen spread during news release... Just avoid it and everything will be fine with these brokers. IC Markets has slightly better spreads, but Pepperstone is more stable. IC Markets had several server problems during last years.
  • #3
  • Feb 7, 2018 2:24pm Feb 7, 2018 2:24pm
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  • #4
  • Feb 7, 2018 2:26pm Feb 7, 2018 2:26pm
icmarkets spread is horrible during news !!! yesterday reached 91 pips !! during nzd unemployement news
and attached image during interest rate news !
  • #5
  • Feb 8, 2018 3:07am Feb 8, 2018 3:07am
Quoting forexlover20
icmarkets spread is horrible during news !!! yesterday reached 91 pips !! during nzd unemployement news and attached image during interest rate news !

I checked it on myfxbook.com

XM - 39,4 pips
IC Markets- 39,8 pips (not 91 pips)
Pepperstone - it doesn't work well on myfxbook.com now, so it's impossible to check.
LMAX- 22,9 pips
Global Prime - 27,6 pips
Tickmill - 19,9 pips
Exness - 17 pips

You are right, IC Markets spreads during yesterday NZD news was worst among many ECN brokers, so maybe it's not the best broker to trade the most important news.
  • #6
  • Feb 8, 2018 3:11am Feb 8, 2018 3:11am
Quoting forexlover20
icmarkets spread is horrible during news !!! yesterday reached 91 pips !! during nzd unemployement news and attached image during interest rate news !

However, spread was very good on NZDUSD, only 8,4 pips!
  • #7
  • Feb 8, 2018 4:51am Feb 8, 2018 4:51am
Quoting insomniawawa
{quote} I checked it on myfxbook.com XM - 39,4 pips IC Markets- 39,8 pips (not 91 pips) Pepperstone - it doesn't work well on myfxbook.com now, so it's impossible to check. LMAX- 22,9 pips Global Prime - 27,6 pips Tickmill - 19,9 pips Exness - 17 pips You are right, IC Markets spreads during yesterday NZD news was worst among many ECN brokers, so maybe it's not the best broker to trade the most important news.
i mean during Job new not interest rate was 91 pips !!

interest rate was 20 pip more than other brokers !
  • #8
  • Feb 8, 2018 12:55pm Feb 8, 2018 12:55pm
Quoting forexlover20
Hello all . which broker you would choose pepperstone or icmarkets ? during news trading ...manytimes i notices icmarkets spread widening during news release and it's very high ! did anyone noticed that also pepperstone ? which broker you recommend during news trading ? regards
There's literally no point in trying to compare spreads during the news. All brokers will experience wider spreads, some wider than others. A tighter spread could simply mean that their are internal counterparties for each side that are marking up or marking down the spreads so you are seeing narrower spreads.

Also, spreads doesn't mean you'll get filled at the bid/ask. You could very well get slipped. If you are trying to trade the news, you're asking to blow your account regardless of if you are saving a few pips from one broker vs another.

I see comparisons made with other brokers too, but I would easily choose IC Markets over any of them. They are by far one of the older brokers in this industry. They also have more transparency by publishing monthly volumes, which provides some indication of their profitability and willingness to honor your withdrawal requests. I would avoid XM, Tickmill, Exness like the plague.
  • #9
  • Feb 12, 2018 2:35pm Feb 12, 2018 2:35pm
ICMarkets great during day and worse at end of day. spreads will be 30-50+pips for 30min or so. If you do not maintain margin. you will loose your money for no reason.
Believe in your thesis and stick to the plan, don't get scared with moves
  • #10
  • Feb 12, 2018 3:27pm Feb 12, 2018 3:27pm
Quoting akash14
ICMarkets great during day and worse at end of day. spreads will be 30-50+pips for 30min or so. If you do not maintain margin. you will loose your money for no reason.
That's for all brokers.....for rollovers.......
  • #11
  • Feb 12, 2018 3:49pm Feb 12, 2018 3:49pm
Quoting jhehe
{quote} That's for all brokers.....for rollovers.......
I have been with many reputed brokers since 12years. ICmarkets is one of those with very huge spreads for 30min to an hour. Generally other brokers have wide spreads only for 5-15min after day close. Compare it to other brokers and see the results yourself.
Believe in your thesis and stick to the plan, don't get scared with moves
  • #12
  • Feb 12, 2018 4:01pm Feb 12, 2018 4:01pm
Quoting akash14
{quote} I have been with many reputed brokers since 12years. ICmarkets is one of those with very huge spreads for 30min to an hour. Generally other brokers have wide spreads only for 5-15min after day close. Compare it to other brokers and see the results yourself.
pointless point, pointless argument, just don't trade rollovers. simple as that.
  • #14
  • Feb 12, 2018 4:25pm Feb 12, 2018 4:25pm
Quoting akash14
Hidden
" Generally other brokers have wide spreads only for 5-15min after day close."

lol, please read what you wrote before changing the argument you're making. The key is in the last three words of the sentence.I love how you're a trader for 12 years and you have your emotions in check. Vnice.
  • #15
  • Feb 13, 2018 8:27am Feb 13, 2018 8:27am
Hi Guys,


I am moving to Canada in few months. I am intended to close my current trading accounts with fxcm UK and AvaTrade. I would like to know if anyone can tell me which forex broker to opt for while in Canada. thanks in advance.
  • #16
  • Feb 13, 2018 8:39am Feb 13, 2018 8:39am
Quoting civilpes2001
Hi Guys, I am moving to Canada in few months. I am intended to close my current trading accounts with fxcm UK and AvaTrade. I would like to know if anyone can tell me which forex broker to opt for while in Canada. thanks in advance.
Pertaining to this thread, IC Markets. Pepperstone doesn't accept Canadians anymore, existing accounts appear to be unaffected.
  • #17
  • Feb 14, 2018 3:25pm Feb 14, 2018 3:25pm
Quoting Dothraki
{quote} Any idea as to why they blocked Canadians? I saw that and was intrigued as to why
/

I spoke to Pepperstone and they said they stopped accept Canadians due to "commercial reasons".

I used to trade with them but got booted off because I'm Canadian, currently still trading at Global Prime and they said they don't plan on banning Canadians.

Piplife
  • #18
  • Feb 14, 2018 3:31pm Feb 14, 2018 3:31pm
Quoting thepiplife
{quote} / I spoke to Pepperstone and they said they stopped accept Canadians due to "commercial reasons". I used to trade with them but got booted off because I'm Canadian, currently still trading at Global Prime and they said they don't plan on banning Canadians. Piplife
Global Prime and IC are great brokers
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.2%
  • #19
  • Feb 22, 2018 3:07pm Feb 22, 2018 3:07pm
Quoting insomniawawa
{quote} I checked it on myfxbook.com XM - 39,4 pips IC Markets- 39,8 pips (not 91 pips) Pepperstone - it doesn't work well on myfxbook.com now, so it's impossible to check. LMAX- 22,9 pips Global Prime - 27,6 pips Tickmill - 19,9 pips Exness - 17 pips You are right, IC Markets spreads during yesterday NZD news was worst among many ECN brokers, so maybe it's not the best broker to trade the most important news.
ICMarkets and Pepperstone is close in spread, Pepperstone gives a LOT size of any size but can decrease the leverage once reached 500k dollars in the account

ICMarkets doesn't decrease the leverage but LOT size is fixed and i just asked in 2017 they can increase it to 300 LOTs maximum with the same leverage

Exness i heard good reviews but it is not available in all countries though
  • #20
  • Mar 3, 2018 3:31am Mar 3, 2018 3:31am
Is the slippage that is experienced during volatile times more important than the spread? The spread is something you can see and you can always elect not to trade if you don't like the spread. However, with slippage you cannot know in advance.
What has people's experience been with slippage in those 2 brokers?
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