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Pepperstone Forex

  • #201
  • Feb 5, 2012 1:43am Feb 5, 2012 1:43am
Quoting thegusbus
Hi All,

since everyone is talking about integral and different prices coming from different brokers i thought i would clear up why this is the case.

Integral is an aggregator, not an ECN. Integral provides the technology that allows brokers, funds, banks, etc. to aggregate liquidity from several sources. Every broker using integral will have a different mix of liquidity providers, thus they will have different prices.

pepperstone is definitely playing with the prices. ive traded live with them and had all the same price feed problems mentioned...
Very interesting, thanks. Another two questions: What is the difference between Integral and Currenex? Second: Why are the spreads at pepperstone (Integral) better than currenex? When i compare the GBPAUD spread on Divisafx (Currenex), the spread is about 1 pip higher than at Pepperstone.
Forex is a losers game.
  • #202
  • Feb 5, 2012 2:34am Feb 5, 2012 2:34am
I dont know enough about currenex to explain the pros and cons vs integral. A big advantage of Integral is the brokers ability to manage the liquidity providers that that they take feeds from. The broker can then manage the relationship with each liquidity provider to get tighter spreads or better liquidity on certain crosses.

something to take into account with spreads; banks love retail flow. Given that most retail traders will lose, you'd want to be on the other side of that trade... if banks know they are streaming quotes for retail traders and they are competing against a bank across the street, they'll quote tighter spreads to make sure they're providing the price that you're trading on.

with Currenex, since its for institutional clients who you'd expect to be making money, e.g. algo and HFT systems, then banks may not want to quote the tightest spreads in the world. they want to be able to take a trade and then pass on the risk. if they can't do this then they'd be losing money all day long.

for this reason, being a retail trader with an integral broker can be pretty rewarding.

FYI, if pepperstone was really passing off all trades to the banks they wouldnt be offering 1:400 leverage. their margin would be 2% with their PB while clients would be trading at 0.25%. i doubt whether they have a balance sheet big enough to cover the extra margin.
  • #203
  • Feb 5, 2012 2:55am Feb 5, 2012 2:55am
im no expert on brokers but im hearing that most of the smaller houses like pepperstone etc have some dropouts in connection. pepperstone has improved over the last week and i still trade with them.
  • #204
  • Feb 5, 2012 6:04am Feb 5, 2012 6:04am
These days, before choosing a broker I wanna know who owns it and who runs it. If I can't find this on the website, it probably means we are dealing with a broker run by some Russian guys who take in my money and ultimately run away with it. I'm sorry if somebody feels offended by this but being transparent should be a must in this business.
  • #205
  • Feb 5, 2012 8:54am Feb 5, 2012 8:54am
Quoting Pommegranate
These days, before choosing a broker I wanna know who owns it and who runs it. If I can't find this on the website, it probably means we are dealing with a broker run by some Russian guys who take in my money and ultimately run away with it. I'm sorry if somebody feels offended by this but being transparent should be a must in this business.
http://i.imgur.com/9gypd.png

Taken from here:

https://pepperstone.com/mt4-forex-trading/faq.php
FXGears.com
  • #206
  • Feb 5, 2012 9:02am Feb 5, 2012 9:02am
Buf MFGlobal is very well regulated in USA, client money still missing. Russian broker probably much safer than US broker.
  • #207
  • Feb 5, 2012 9:11am Feb 5, 2012 9:11am
Quoting Pommegranate
These days, before choosing a broker I wanna know who owns it and who runs it. If I can't find this on the website, it probably means we are dealing with a broker run by some Russian guys who take in my money and ultimately run away with it. I'm sorry if somebody feels offended by this but being transparent should be a must in this business.
Mate, what a waste of space your post is.
Sorry if you're offended by this.
  • #208
  • Feb 5, 2012 9:16am Feb 5, 2012 9:16am
Quoting Ryan.fx
Buf MFGlobal is very well regulated in USA, client money still missing. Russian broker probably much safer than US broker.
As much as the mfglobal blow up is disturbing, I wouldn't say a Russian broker is "probably much safer".
Very far from it.....
  • #209
  • Feb 5, 2012 11:19am Feb 5, 2012 11:19am
Quoting Ryan.fx
Buf MFGlobal is very well regulated in USA, client money still missing. Russian broker probably much safer than US broker.
With MFG, at least you know who's picture you gonna show to the hitman, if they won't return you money 100 percento.

"pepperstone is owned by a veteran management-team" whom the company doesn't want to expose on their website? Why is that? Is it Jon Corzine, Mickey Mouse, or Average Joe?
  • #210
  • Feb 5, 2012 11:37am Feb 5, 2012 11:37am
Quoting Pommegranate
With MFG, at least you know who's picture you gonna show to the hitman, if they won't return you money 100 percento.

"pepperstone is owned by a veteran management-team" whom the company doesn't want to expose on their website? Why is that? Is it Jon Corzine, Mickey Mouse, or Average Joe?
Are you kidding?

Go to their press release section, the names of their executives and owners are listed.


Why does everyone want their hand held these days?
FXGears.com
  • #211
  • Feb 5, 2012 7:00pm Feb 5, 2012 7:00pm
lets clear some things up here.pepperstone is the best forex broker for aussies. some of there competitors are posting in this thread. pepperstone charts never look like swiss cheese,there perfect all the time. they have some small connection troubles at present but im hearing there still have way better connectivity than the other smaller brokers.
fxcm,axitrader are all hopeless compared to pepperstone. gomarkets dont have ecn just stp. icmarkets i hear lose connectivity alot too but i havent tried icmarkets.
some of these smaller firms are run by a couple of guys. i hear ic markets is one of them. you try and contact icmarkets after aussie hours during european session. send an email they say but what if your computer has crashed or theres a blackout. mobile phones always work not emails.
pepperstone have a 24hr phone support. albeit its just getting one guy out of bed i think but at least they have it.
  • #212
  • Feb 5, 2012 7:16pm Feb 5, 2012 7:16pm
although one thing that did concern me about pepperstone 24 hr support. the same guy answers everytime and he didnt have the ability to close my position when the system is down. i think with the big guys like gft etc they can close your position when the system is down. but pepperstone is just growing maybe they will offer a better 24hr support line in the future.
  • #213
  • Feb 5, 2012 7:54pm Feb 5, 2012 7:54pm
Quoting craig65
lets clear some things up here.pepperstone is the best forex broker for aussies. some of there competitors are posting in this thread. pepperstone charts never look like swiss cheese,there perfect all the time. they have some small connection troubles at present but im hearing there still have way better connectivity than the other smaller brokers.
fxcm,axitrader are all hopeless compared to pepperstone. gomarkets dont have ecn just stp. icmarkets i hear lose connectivity alot too but i havent tried icmarkets.
some of these smaller firms are run...
I heard Pepperstone is a white label of AXITRADER ...
The best indicator is price.
  • #214
  • Feb 5, 2012 8:14pm Feb 5, 2012 8:14pm
Nothing like spreading rumours!
Good Trading
  • #215
  • Feb 5, 2012 8:54pm Feb 5, 2012 8:54pm
Quoting aud
Nothing like spreading rumours!
source i heard from said it was fact, but you never know.
The best indicator is price.
  • #216
  • Feb 5, 2012 9:06pm Feb 5, 2012 9:06pm
Quoting craig65
pepperstone charts never look like swiss cheese,there perfect all the time. they have some small connection troubles at present but im hearing there still have way better connectivity than the other smaller brokers.
you contradict yourself.
first you say their charts are perfect all the time
and in the next breath they are having small connection issues.

a connection issue leads to a gap in the charts.............

i agree some rival brokers are taking this opportunity to have a go at pepperstone.

i'm cynical when it comes to any broker
cynicism when dealing with brokers is healthy.
  • #217
  • Feb 5, 2012 9:12pm Feb 5, 2012 9:12pm
Quoting Alpha-Bet
you contradict yourself.
first you say their charts are perfect all the time
and in the next breath they are having small connection issues.

a connection issue leads to a gap in the charts.............

i agree some rival brokers are taking this opportunity to have a go at pepperstone.

i'm cynical when it comes to any broker
cynicism when dealing with brokers is healthy.
Nice Post AB, there's no such things as a perfect broker they all have there ups and downs... I trade with go markets..... let me tell you I have never seen a great go to crap in such short time, but i still trade with them.

scfx
The best indicator is price.
  • #218
  • Feb 6, 2012 2:38pm Feb 6, 2012 2:38pm
Quoting Pommegranate
Has anybody had any issues with withdrawing larger amounts from Pepperstone? I plan to open my second account with them in addition to Armada. My deposit would be $ 5k which for me is a very large amount.
Absolutely no problem.
Forex is a losers game.
  • #219
  • Feb 7, 2012 12:30am Feb 7, 2012 12:30am
Quoting craig65
although one thing that did concern me about pepperstone 24 hr support. the same guy answers everytime and he didnt have the ability to close my position when the system is down. i think with the big guys like gft etc they can close your position when the system is down. but pepperstone is just growing maybe they will offer a better 24hr support line in the future.
the trade desk is 24/5.
i contacted pepperstone to verify and confirm trade desk could close trades in an emergency and was informed yes, they could.

as expected. wouldn't be much of trade desk otherwise.............


i find when you want the answers go to the source....
  • #220
  • Feb 7, 2012 8:05am Feb 7, 2012 8:05am
Quoting Alpha-Bet
the trade desk is 24/5.
i contacted pepperstone to verify and confirm trade desk could close trades in an emergency and was informed yes, they could.

as expected. wouldn't be much of trade desk otherwise.............


i find when you want the answers go to the source....
Yes, even the chat support can close trades for you after they verify you have authority to trade the account.
FXGears.com
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