Dislikeddemoed a while ago
regular short freezes
was wondering how a broker can survive having so tight spreads
this was the only answer (freeze a bit to get more on slippage)
even if freeze problem is solved i wud not put much trust in itIgnored
I have a live account with them. I've experienced far more positive slippage than negative.. and in general slippage hardly happens at all on pending orders (including stops and TPs.)
They don't "survive" tight spreads.. they are an STP, they don't mark up the spread and instead just process transactions with a commission. They only make money from the commissions and the commissions aren't razor thin either so you know they are making money.
Every broker has technical issues... that's just the nature of technology... it's how the broker handles the issues that matters. Pepperstone identified the problem and worked to fix it.
Pepperstone's platform freezing issues related to a HUGE influx of clients in a short period of time. I was in communication with their IT team and a director of operations since the issues affected me and they explained the new system now properly scales and runs on a cluster for seamless expansion... they even hired additional tech staff from other leading (read, large) brokerages to make sure they are following best practices.
Little shills like you should really know what you're talking about before you flame a broker needlessly.
How about you get a live account and try it out for yourself? Instead of speculating about something YOU HAVE NO CLUE ABOUT.. you could test for yourself and see first hand. Their minimum account size is only $200, it doesn't take much... unless you can't even afford that.
EDIT: And it's not like I'm biased... when they had issues I was sure vocal about it. I just believe in being fair and leveled about a broker.