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Pepperstone Forex

  • #421
  • Mar 24, 2012 9:00pm Mar 24, 2012 9:00pm
Quoting MiG123
Hmm what happens then if i request for withdrawal after 60 days. Can i still withdraw thru my credit card or would TT then be the only remaining option?
Well, as my post says, it's processed as a refund from a merchant card processing perspective... so I'm sure the 60 day limit is there for limitations beyond their control (card processing policy from the bank.)

Though, please do ask Pepper's support about this and post their response here... I'm only going by their site for this info.
FXGears.com
  • #422
  • Mar 24, 2012 9:08pm Mar 24, 2012 9:08pm
Quoting NViet
according to their website there is a fee on credit card as well. Bank Fees:
The National Australia Bank charge 1.8% for AUD and 3% for all other currencies.
Right. I never said there wasn't a fee for CC deposits. I only said there's no fees for a withdrawal to CC (the transaction is processed in a way where there's no fee to 'refund' the card from an earlier transaction.)

The fee comparison was on withdrawals.

If you want to focus on CC fees for a deposit, you'll have to do a cost comparison for the differences between methods for your situation:

If using an AUD based CC, is 1.8% of your transaction greater than the cost of wiring in the deposit (given your banks wire fee) ? If not, use CC. (sub 1.8% for 3% on non-AUD based cards... and add on another ~2% if your card is set in a different currency than your account...)

I pointed out the use of CCs since people were talking about small accounts to test them out. I can't think of any way wiring in $200 will turn out cheaper than if you used a CC for a deposit.. unless your bank gives you free wires (in which case, I envy you.)

So yeah, just bringing the idea up to help out.

Happy Trading!
FXGears.com
  • #423
  • Mar 24, 2012 11:46pm Mar 24, 2012 11:46pm
do they offer one click trading on mt4? it will make trading so much easier especially for scalping
  • #424
  • Mar 25, 2012 8:31am Mar 25, 2012 8:31am
Quoting jaobedoza
do they offer one click trading on mt4? it will make trading so much easier especially for scalping
Nope, If by one click trading you mean that little order box. But try this it's pretty close and works great. May even be better.
You can change risk to lots by right cliking the little box.

http://www.forexfactory.com/showthread.php?t=281772

Some other options here on post #339

http://www.forexfactory.com/showthre...45#post5501945

Cheers!
Fuck Forex Factory.Wake up people.
  • #425
  • Mar 25, 2012 8:56am Mar 25, 2012 8:56am
I hope the server upgrade undertaken by pepperstone is future proofed for a significant amount of time.
I don't wish to be involved in the issues with which we deal recently.

That said, in my experiences dealing with FX brokerage, I have yet to place my business with a better organisation.




Quoting aquaart
I emailed asking
"Just enquiring: I noticed that the actual quotes of Razor Account showed typical ECN pricing. However, whilst demo-ing the SAME account (i.e razor account quotes) the chart's candles showed the Standard Account wider quotes. When live, what will my chart's candles show me? Razor or Standard?"


"Thank you for your message. Chart candles will reflect Razor quotes on a live account.

Please do not hesitate to contact us if have any further queries."


In email previous to this they also stated...
  • #426
  • Mar 25, 2012 10:30am Mar 25, 2012 10:30am
Quoting ramy3
Nope, If by one click trading you mean that little order box. But try this it's pretty close and works great. May even be better.
You can change risk to lots by right cliking the little box.

http://www.forexfactory.com/showthread.php?t=281772

Some other options here on post #339

http://www.forexfactory.com/showthre...45#post5501945

Cheers!
downloaded it, will test it on pepperstone demo when the market opens tomorrow
  • #427
  • Mar 25, 2012 1:13pm Mar 25, 2012 1:13pm
$7.53/ per standard $100,000 Lot is almost twice (x2) the commission that I pay.
  • #428
  • Edited 9:42pm Mar 25, 2012 1:50pm | Edited 9:42pm
Quoting Jfk
$7.53/ per standard $100,000 Lot is almost twice (x2) the commission that I pay.
Total cost of transaction is what matters.. commissions in, Razor account averages between 0.8-1.2 pips per round turn total cost (spread+commissions.) A broker offering cheaper commissions will often have a wider spread. We've talked about total cost before and there's a few threads now comparing total cost between brokers showing Pepper on top for a lot of pairs.
FXGears.com
  • #429
  • Mar 25, 2012 8:56pm Mar 25, 2012 8:56pm
Quoting ramy3
Nope, If by one click trading you mean that little order box. But try this it's pretty close and works great. May even be better.
You can change risk to lots by right cliking the little box.

http://www.forexfactory.com/showthread.php?t=281772

Some other options here on post #339

http://www.forexfactory.com/showthre...45#post5501945

Cheers!
this works on admiral markets demo but could not get it to work on pepperstone razor demo
  • #430
  • Mar 25, 2012 11:41pm Mar 25, 2012 11:41pm
Quoting Jfk
$7.53/ per standard $100,000 Lot is almost twice (x2) the commission that I pay.
If it's purely commission we are using as basis for broker choice, go trade futs.
  • #431
  • Mar 26, 2012 12:12am Mar 26, 2012 12:12am
that easyorder script wont work in my pepperstone razor account.
anyone else have this problem.
  • #432
  • Mar 26, 2012 12:15am Mar 26, 2012 12:15am
had to go tools allow live trading,allow dll input
  • #433
  • Mar 26, 2012 12:32am Mar 26, 2012 12:32am
how do you drag the easy order lines with your mouse. mine wont move.
  • #434
  • Mar 26, 2012 12:45am Mar 26, 2012 12:45am
dont worry im chatting with myself here. double click on lines. good tool this.
  • #435
  • Mar 26, 2012 1:53am Mar 26, 2012 1:53am
Quoting Alpha-Bet
If it's purely commission we are using as basis for broker choice, go trade futs.
Of course there's more to it than commission. Just worth noting though that 100% difference in costs per trade (accepting fluctuating spreads) is significant, all other things being equal.
  • #436
  • Edited 5:56am Mar 26, 2012 5:44am | Edited 5:56am
Quoting Jfk
Of course there's more to it than commission. Just worth noting though that 100% difference in costs per trade (accepting fluctuating spreads) is significant, all other things being equal.
Substract the 0.9 pips/lot rebate for razor accounts given by the asian groupe from comissions and you are getting a prety good deal.
Fuck Forex Factory.Wake up people.
  • #437
  • Mar 26, 2012 6:22am Mar 26, 2012 6:22am
Quoting ramy3
Substract the 0.9 pips/lot rebate for razor accounts given by the asian groupe from comissions and you are getting a prety good deal.
you mean 0.09 pips per lot, but yeah, it makes a difference.
  • #438
  • Edited 6:52am Mar 26, 2012 6:29am | Edited 6:52am
Quoting rooicol
you mean 0.09 pips per lot, but yeah, it makes a difference.
I see 0.90 pips/lot

http://www.donnaforex.com/forum/index.php?topic=3921.0

Are they giving you back different?

Edit: Lol i got it. i was reading it wrong, lol. Its $0.90 not 0.90. It wasn't making sens to me, now i know why. lol

Cheers!
Fuck Forex Factory.Wake up people.
  • #439
  • Mar 26, 2012 9:04am Mar 26, 2012 9:04am
Quoting Jfk
Of course there's more to it than commission. Just worth noting though that 100% difference in costs per trade (accepting fluctuating spreads) is significant, all other things being equal.
No, it's not worth noting without also factoring in the average spread. Total cost is the only metric you should be focusing on (spread, commissions, account fees, platform fees, etc..)...

You could go one step further and extend the average spread time period over the last year.. and separate the core trading sessions.. Which if you do, 'your' broker (who you say charges you 'less' on commissions) comes out a little more expensive in total cost.

Looking at the commission cost alone, between different price feeds, is not comparing like things.

JFK, I've seen your non-broker related posts, you aren't that bad of an operator... but I really feel you've invested a lot of your ego with 'your' broker and that's causing you a lot of friction here on the forums. Don't let that attachment make you look silly by posting illogical things like this.. it looks bad on you.
FXGears.com
  • #440
  • Mar 26, 2012 9:43am Mar 26, 2012 9:43am
Quoting Jack_Larkin
No, it's not worth noting without also factoring in the average spread. Total cost is the only metric you should be focusing on (spread, commissions, account fees, platform fees, etc..)...

You could go one step further and extend the average spread time period over the last year.. and separate the core trading sessions.. Which if you do, 'your' broker (who you say charges you 'less' on commissions) comes out a little more expensive in total cost.

Looking at the commission cost alone, between different price feeds, is not comparing...
Sorry, Jack, I beg to differ. Fixed commission charges are just that, fixed. I agree total cost is key (and this is why accepting a variable spread from your broker would be a bad idea) but raw spreads change constantly, depending on many things such as session time, news events, seasonal factors etc, etc.
We all accept this as part of the deal when trading variable 'ecn' type prices. A quick look at FXIntelligence tells us that even the 'best' (tightest spread offerings) are not consistent and can be the best one day and the 4th best the next. A firm that gives you a good spread (I'm talking the very liquid pairs) consistently is okay in my book. pepperstone appear to do this for their clients. That's great (we'll not mention other 'metrics' like execution speed and server reliability) but a commission is a cost that is fixed and I was just pointing out that they are not 'cheap'. By the way, talking to people as if they were children, makes you sound pompous, Jack.
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