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Pepperstone Forex

Quoting alstural
demoed 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 it
Wow... you're judging execution based off a demo? You're new to the game aren't you?

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.
FXGears.com
Quoting Jack_Larkin
Wow... you're judging execution based off a demo? You're new to the game aren't you?

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...
it feels you work for them.........mister arrogancy

my "stupid" broker still offers 1.9 pip eur/usd variable......

being heavily regulated and ensured..........

and demanding ten times more of mentioned minimum just to open an acct

it'll go out of business very soon then.........help me!!!!!

--------------
traders don't you feel that something is a bit wrong with such positive posts?
Quoting alstural
it feels you work for them.........mister arrogancy

my "stupid" broker still offers 1.9 pip eur/usd variable......

being heavily regulated and ensured..........

and demanding ten times more of mentioned minimum just to open an acct

it'll go out of business very soon then.........help me!!!!!

--------------
traders don't you feel that something is a bit wrong with such positive posts?
And you sound like you work for their competition...

Whatever, I'm done with this. Read the thread history if you wanna see that I'm not their cheerleader.

No amount of cynicism will excuse the fact that you have no idea what you're talking about. Anyone reading this should take note that alstural actually judges broker's execution by their demos..

Good luck trading buddy.. you need it.
FXGears.com
Quoting Jack_Larkin
And you sound like you work for their competition...

Whatever, I'm done with this. Read the thread history if you wanna see that I'm not their cheerleader.

No amount of cynicism will excuse the fact that you have no idea what you're talking about. Anyone reading this should take note that alstural actually judges broker's execution by their demos..

Good luck trading buddy.. you need it.
thanks my friend!

i'll go on riding my current "horse"

could you name that broker competitor i work for?

second

nowadays any serious broker offers demo running identically to live

if not it loses all trust
Quoting alstural
thanks my friend!

i'll go on riding my current "horse"

could you name that broker competitor i work for?

second

nowadays any serious broker offers demo running identically to live

if not it loses all trust

Ok, I'll give you a hand here on the differences between demo and live market order execution for an STP/ECN broker.

Order process on a live server:

 

  1. ECN/LP gives current quote to broker.
  2. Broker pushes live quote to client.
  3. Client accepts price and issues a market order to the broker.
  4. Broker accepts the order but before it can confirm it, the broker passes the order along to the ECN/LP.
  5. ECN/LP confirms the order was executed, should the price have moved at all during steps 1-5 the order will fill at the current market price regardless of what quote the client saw when they submitted the order to the broker.
  6. Broker informs client what the fill price was.


Order process on a demo server:

 

  1. ECN/LP gives current quote to broker.
  2. Broker pushes live quote to client.
  3. Client accepts price and issues a market order to the broker.
  4. Broker instantly confirms order filled without checking with the ECN or going any further.



The difference is huge.. that's why execution on a live account matters so much when picking a broker.

Demoing is great and all for testing out a new platform, or configuring scripts/EAs in Metatrader to work with the specific setup a given broker has before going live. But only a live account can give you an idea of how execution is handled.

When I first test out any broker, I do so with the minimum deposit amount.. I push a few hundred orders with an EA and by hand and if I'm satisfied with fills and expected prices then I deposit more. It's just good practice to test the waters slowly and see how the broker handles a live account.

Heck, even if things work out at first, how a broker scales in order size matters... one broker might be awesome for execution on sub-$1 million order size, but fail and have slippage at filling larger orders. These are things that a demo account simply can't test...


Here's a great example, I started with FXCM, and even though their micro account handled processing $50k size orders without issue, when I started trying to execute orders above half a million the system would break them down into smaller $100-200k fills at various rates... this became a nightmare to manage since each fill would show as a separate order and adjusting stops/take profits on the fly was very involved. Note: this was when FXCM first switched to an STP/NDD model a few years ago and I'm not sure if they still work this way but at the time it was a deal breaker for me.

FXGears.com
Quoting alstural
thanks my friend!

i'll go on riding my current "horse"

could you name that broker competitor i work for?

second

nowadays any serious broker offers demo running identically to live

if not it loses all trust
Jack might be harsh Alstrural but he is right....
  • Post #127
  • Quote
  • Edited 12:59am Jan 11, 2012 12:48am | Edited 12:59am
Quoting Jack_Larkin
Ok, I'll give you a hand here on the differences between demo and live market order execution for an STP/ECN broker.

Order process on a live server:
[list=1][*]ECN/LP gives current quote to broker. [*]Broker pushes live quote to client.[*]Client accepts price and issues a market order to the broker. [*]Broker accepts the order but before it can confirm it, the broker passes the order along to the ECN/LP. [*]ECN/LP confirms the order was executed, should the price have moved at all during steps 1-5 the order will fill at the current...
many thanks.........very informative

but basic logic says if you do not like demo then things on live acct will be more complicated........right?

any demo is the best part of a broker (marketing!).........right?

what you can expect from a broker if you do not like demo?

finfx also uses integral but by my observation their spreads were a bit higher..........strange preferance........

some traders are active scalpers and need good quality manual execution.........right? so slippage must be minimal.........

i wanted quality broker for scalping and looked at divisa finfix an pepperstone

(as my favorites)

but if demo is periodically frozen for a bit this does not bode well for live acct.........right?

although i was not happy with pepperstone demo i wish it to succeed

simply i'll try to look elsewhere

after all this is a small young broker among many

i've just given my opinion

and immideate attack was very suspicious

-------

by the way..........can anyone name a broker i work for?........silence?

lucky trading for everyone.........anyway...........
so what is the best betwen pepperstone razor acc vs finfx ? i just want to know because im interest both of them
Quoting rooicol
Same here, no issues since the server upgrade.

Edit: Demo server still has regular price feed interruptions though

Going by their advertised facilities, if you're placing pending orders their should also be no excuse for improper execution on a live account...

I also like how your live complaints are met with honest answers and that they have the forethought to be on the move to fix what the complaint is....

Going by your responses they did fix the last complaint, because they knew the limitations of their equipment and were already in the process of fixing it.

That seems like what a smart broker should be like... imo
Quoting andieliu
so what is the best betwen pepperstone razor acc vs finfx ? i just want to know because im interest both of them
Me too, interested in both, but for now i'm trading with Pepperstone, they are providing the better service
Quoting alstural
i wanted quality broker for scalping and looked at divisa finfix an pepperstone
Funny you said that.

I live trade on pepperstone (live, razor) and copy those trades on divisa demo.. No slips on either account but divisa is always costlier by about 1pip (because of spread)

I dont scalp though.. I swing trade once a day on 4 currencies.
Those who think men don't have PMS should browse through forex forums. Seriously, what is with all the mindless bickering? Is everyone on a permanent losing streak or something?

Anyway, someone queried about withdrawing. I've only recently opened my account and didn't want to withdraw, but I felt I had to test my bank out (moved to a new country so had to see what the remittance fee and stuff would be like). 500USD withdrawn from a 3k account with no problems. Took about 5-6 days, though of course that depends on where you live.
Quoting Pipstrumpf
Had no issues with that.
could you explain the detail please?

Quoting fxblues
Anyway, someone queried about withdrawing. I've only recently opened my account and didn't want to withdraw, but I felt I had to test my bank out (moved to a new country so had to see what the remittance fee and stuff would be like). 500USD withdrawn from a 3k account with no problems. Took about 5-6 days, though of course that depends on where you live.
Wow, it takes quite a long time. i didn't know that different location should effect the withdrawal time. i think the standard 3 day wire transfer is standard for all location.
Be the market
Quoting alvseek
could you explain the detail please?



Wow, it takes quite a long time. i didn't know that different location should effect the withdrawal time. i think the standard 3 day wire transfer is standard for all location.
I think the standard 3 day wire transfer applies for nearly every country in the world except for a few, like the one I am living in. Mass bank inefficiency accounts for that. I'm certain the delay is caused on my end and not theirs.
Quoting Jack_Larkin
Ok, I'll give you a hand here on the differences between demo and live market order execution for an STP/ECN broker.

Order process on a live server:
[list=1][*]ECN/LP gives current quote to broker.[*]Broker pushes live quote to client.[*]Client accepts price and issues a market order to the broker.[*]Broker accepts the order but before it can confirm it, the broker passes the order along to the ECN/LP.[*]ECN/LP confirms the order was executed, should the price have moved at all during steps 1-5 the order will fill at the current market price...
Hi! would appreciate if you could shade some light how it happened with regards to my recent experienced with IBFX Australia. I thought you are the right person for a help based on your experience. Just recenlty funded my dormant account with them. And you know what, I caught them cheating on me, at least that's my assumption. I run a semi manual robot that also record profit on it duplicating the ones recorded in the mt4 platform. What I found out was that, there was a big variance between my ea against the one in my platform lagging behind from 0.01 against 0.88 profit. Hope you can explain if brokers have the capability to do it, and how they did it. Thank you in advance.

Edd
Quoting Edd Ganuelas
Hi! would appreciate if you could shade some light how it happened with regards to my recent experienced with IBFX Australia. I thought you are the right person for a help based on your experience. Just recenlty funded my dormant account with them. And you know what, I caught them cheating on me, at least that's my assumption. I run a semi manual robot that also record profit on it duplicating the ones recorded in the mt4 platform. What I found out was that, there was a big variance between my ea against the one in my platform lagging behind from...
I really don't understand what you're saying.. Could you provide more info?

Maybe show an example? Screen shot of the difference? Time stamps on both orders to show they were submitted at the exact same time? ...etc...
FXGears.com
They don't have Metatrade 4 mobile under windows mobile. while they had android/ Iphone 3rd party clients :-(.

13
Brokers are angels
I've had 2 disconnections in the last 3 hours, has anyone else had this?
Quoting Jack_Larkin
I really don't understand what you're saying.. Could you provide more info?

Maybe show an example? Screen shot of the difference? Time stamps on both orders to show they were submitted at the exact same time? ...etc...
Thank you for your prompt reply. I do have a dash board ea that place and monitor my trades that include information such as ask and bid prices including a column on profits (Upl) which is basically the same info on the trade profit column of my mt4 platform. In short the two must always be the same. What happened in this instance was in the case of my EURUSD trade it was registering in my EA profit of 0.88 while that of my mt4 trade profit is only 0.01. A big difference. So I close that trade without capturing a screen shot. When I placed my trade the following morning after I brought to IBFX attention, it was already running as expected. As a result of this experienced I came to a conclussion that they can manipulate the data feed to at their own advantage.
Quoting rooicol
I've had 2 disconnections in the last 3 hours, has anyone else had this?
I've just been disconnected again, right as USD Trade Balance is released
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