Pepperstone Forex | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pepperstone AU accounts being moved to Pepperstone UK 0 replies

Pepperstone suspends Forex trading in the UK 6 replies

Pepperstone Live Server Reliability 53 replies

List pepperstone and icmarkets crashes here 3 replies

Chart comparison between Pepperstone Razor Vs Other ECN 17 replies

Attachments: Pepperstone Forex
Exit Attachments

Pepperstone Forex

  • #661
  • Jun 3, 2012 3:45pm Jun 3, 2012 3:45pm
Hi Jack, thank you kindly for your help thats great!
I will take your advice and lower the standard leverage together with a small deposit until I am ready to progress further. I will arrange all documentation this week, your help is much appreciated thanks again!

Quoting Jack_Larkin
It's all online. You first apply for an account then need to send in verification docs... once verified, the account is enabled for trading. Then just make a deposit and away you go.

Though, if this is your first live account ever... I'd suggest keeping the deposit size small as you get your barrings. Perhaps make a margin change request to lower it a bit. Of course, this is all up to you.
Tracking the Specialists.
  • #662
  • Jun 3, 2012 3:52pm Jun 3, 2012 3:52pm
Quoting millelire
i'm having some connections problems with version 432..did anyone else notice them? i'm using demo version, razor..
I haven't noticed anything myself...

Are you only noticing issues after the update? Maybe do a fresh install from the website and see if that helps.
FXGears.com
  • #663
  • Jun 3, 2012 3:55pm Jun 3, 2012 3:55pm
Quoting Connected
Hi Jack, thank you kindly for your help thats great!
I will take your advice and lower the standard leverage together with a small deposit until I am ready to progress further. I will arrange all documentation this week, your help is much appreciated thanks again!
No problem.

If you haven't already, you can always do the account application part now, so when the app is processed within the next day or so you'll have the documents in order and can email them off at your leisure.
FXGears.com
  • #664
  • Jun 3, 2012 4:29pm Jun 3, 2012 4:29pm
Quoting Jack_Larkin
I haven't noticed anything myself...

Are you only noticing issues after the update? Maybe do a fresh install from the website and see if that helps.
now it works thanks! probably was due to the fact that the markets were closed, don't know (the "no connection" issue)
  • #665
  • Jun 4, 2012 2:30am Jun 4, 2012 2:30am
hello i want to ask about pepperstone , is it a true ECN? cause when i modifying running order(demo) they got this statement "SL or TP must differ from running price by 20 pips" , while 'others' like MB Trading or Dukascopy dont have that statement,their statement is "....blablabla from running price by 0 pips" (both famous for being 'true' ECN) .And if anyone know about PFD (pacific financial derivatives,ex-wsd) , i want to know about them too.. are they safe and true ECN? .Thx a lot
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #666
  • Jun 4, 2012 8:28pm Jun 4, 2012 8:28pm
Quoting changbachang
hello i want to ask about pepperstone , is it a true ECN? cause when i modifying running order(demo) they got this statement "SL or TP must differ from running price by 20 pips" , while 'others' like MB Trading or Dukascopy dont have that statement,their statement is "....blablabla from running price by 0 pips" (both famous for being 'true' ECN) .And if anyone know about PFD (pacific financial derivatives,ex-wsd) , i want to know about them too.. are they safe and true ECN? .Thx a lot
I think that it's 20 pipettes because I have no problems with (live) limit orders within even 10 pips. Did you try it? I just did a demo sell limit 5 pips from market and with TP 8 pips from entry. No problem. You could also ask the help desk 24/5

Yesterday I placed a (live) sell limit that actually got filled 6 pipettes higher = good sign.

True ECN = NO But it's as close you can get with 0.01 lot orders.

I wasn't happy with their account opening procedures but the trading part is OK for me.
It's my price or no price at all!
  • #667
  • Jun 5, 2012 3:30am Jun 5, 2012 3:30am
4extool, please may I ask what did Pepperstone do to make you unhappy? (I will open account soon ) Thank you kindly for your feedback

[quote=4extool;I wasn't happy with their account opening procedures but the trading part is OK for me.[/quote]
Tracking the Specialists.
  • #668
  • Jun 5, 2012 4:11am Jun 5, 2012 4:11am
connected, you can just this thread. I think a page of 2 or 3 back.
It's my price or no price at all!
  • #669
  • Jun 5, 2012 4:51am Jun 5, 2012 4:51am
Hi 4extool, after you deposited funds they asked for more more documentation, please can you expand on which types of extra docs they wanted? I am getting all my docs scanned this week and wondered what they may ask extra also? thank again

PS_your website is very nice!

Quoting 4extool
connected, you can just this thread. I think a page of 2 or 3 back.
Tracking the Specialists.
  • #670
  • Jun 5, 2012 6:49am Jun 5, 2012 6:49am
Quoting Connected
Hi 4extool, after you deposited funds they asked for more more documentation, please can you expand on which types of extra docs they wanted? I am getting all my docs scanned this week and wondered what they may ask extra also? thank again

PS_your website is very nice!
i think, its easy to open account here at pepperstone.
my account got approved within 2 working days.
and deposit fund quiet fast.
  • #671
  • Jun 5, 2012 7:17am Jun 5, 2012 7:17am
Quoting Connected
Hi 4extool, after you deposited funds they asked for more more documentation, please can you expand on which types of extra docs they wanted? I am getting all my docs scanned this week and wondered what they may ask extra also? thank again

PS_your website is very nice!
Thanks for your compliment. My blog is a work in progress but I think I need it to get ahead. The same with my financial Journal at myfxbook. I'll let my friends be my critics and there's nothing I can hide i.e. lying to myself.

Back to pepper: I'm happy that things went smoothly for you Jajano. Look, I wasn't happy to hear about the 3% extra costs for the credit card deposit at the last minute. I wasn't happy about the mail I received after depositing that I needed to send more pictures of my Credit card. They say that it's policy when depositing over $1000. Why not tell me this before I sent the money?

So that's all. Might sound like a minor issue to you but to me it was something that got me very angry. more and more companies are pulling stuff like that and I don't like it. I needed to vent my anger, and I did in this thread. Case closed!

So just be sure that, when you deposit more than $1000 to have a picture of your credit card in your hand (you don't need to be in the picture yourself, only your hand) and the backside of the card.

He connect, please let me know if you have a blog or if you're going to keep track of your trades with something like myfxbook. I'd also appreciate some feedback on my trades. I take this learning process very seriously and like minded people can help me improve.

Good luck

PS... I'm happy with my trading with pepper. Great spreads and my fills are flawless, always a few pipettes in my advantage till now. If I compare that with GFT..well, let me not.
It's my price or no price at all!
  • #672
  • Jun 5, 2012 7:36am Jun 5, 2012 7:36am
Hi 4xtool thank you kindly for sharing your experience with Pepperstone, I understand your point of view, your experience helps others to get an idea of what they may request, I think it would help their business if they were more transparent and upfront regarding certain areas.

I am pleased that your trading is positive, your blog is great, I look forward to reading through more and leaving some feedback, I will let report feedback on how I get on with Pepperstone once up and running, thanks again for your time and help I appreciate it.


Quoting 4extool
Thanks for your compliment. My blog is a work in progress but I think I need it to get ahead. The same with my financial Journal at myfxbook. I'll let my friends be my critics and there's nothing I can hide i.e. lying to myself.

Back to pepper: I'm happy that things went smoothly for you Jajano. Look, I wasn't happy to hear about the 3% extra costs for the credit card deposit at the last minute. I wasn't happy about the mail I received after depositing that I needed to send more pictures of my Credit card. They say that it's policy when depositing...
Tracking the Specialists.
  • #673
  • Jun 5, 2012 7:40am Jun 5, 2012 7:40am
Hi Jajano glad you are up and running smoothly with a quick account opening! thanks for your positive feedback with this much appreciated

Quoting jajano
i think, its easy to open account here at pepperstone.
my account got approved within 2 working days.
and deposit fund quiet fast.
Tracking the Specialists.
  • #674
  • Jun 5, 2012 7:42am Jun 5, 2012 7:42am
Quoting 4extool
Back to pepper: I'm happy that things went smoothly for you Jajano. Look, I wasn't happy to hear about the 3% extra costs for the credit card deposit at the last minute. I wasn't happy about the mail I received after depositing that I needed to send more pictures of my Credit card. They say that it's policy when depositing over $1000. Why not tell me this before I sent the money?

.
The funding page has indicated very clearly that there is 3% extra charge, also has clearly informed us that we need to register our credit card by providing a scan copy of card before any deposits, so I am not sure why this is an issue at all?
  • #675
  • Jun 5, 2012 8:37am Jun 5, 2012 8:37am
Quoting Ryan.fx
The funding page has indicated very clearly that there is 3% extra charge, also has clearly informed us that we need to register our credit card by providing a scan copy of card before any deposits, so I am not sure why this is an issue at all?
Well, I'm will to explain it again. I did send a copy of my credit card. ANd after that I wanted to deposit and that was the first time I saw the fee. Then after I deposited they asked for extra copies in different positions because the deposit was over $1000, which was not true BTW.

The steps of the credit card procedure are: first make copies and sent them. And then deposit and that's the first time they tell you about the 3% fee. If you want I can show you some other brokers who do have these numbers clearly stated on their funding website. Click on funding and see the charges. how difficult can that be?

And that was the last I wanted to say about it. If you're happy with the procedures, more power to you. I'm not!

Happy about the trading though.
It's my price or no price at all!
  • #676
  • Edited 10:31am Jun 5, 2012 10:08am | Edited 10:31am
Quoting 4extool
And that was the last I wanted to say about it.
Lol, i hope so...

Just messing with you. You are entitled to an opinion.

Happy trading to you!

Following on.....
Fuck Forex Factory.Wake up people.
  • #677
  • Jun 5, 2012 10:57am Jun 5, 2012 10:57am
Yeah, lets get some pips
It's my price or no price at all!
  • #678
  • Jun 5, 2012 10:18pm Jun 5, 2012 10:18pm
I just closed a trade market price. I feel confident that there was no slippage. So far only positive execution experiences.
It's my price or no price at all!
  • #679
  • Jun 6, 2012 11:23pm Jun 6, 2012 11:23pm
today at AUD Employment Change, my buystop order dont get fulfill in good way.
and i have 15 pips Stop loss on Sellstop order, but it stop at 40pips.
  • #680
  • Jun 7, 2012 10:44am Jun 7, 2012 10:44am
Quoting jajano
today at AUD Employment Change, my buystop order dont get fulfill in good way.
and i have 15 pips Stop loss on Sellstop order, but it stop at 40pips.
The news caused the market to spike. This is going to affect pretty much any broker since the market simply moved beyond the stop before it could trigger.

Put simply, the tick that triggered your stop was already well past the stop's trigger price. There was nothing in between to execute on. This is the main reason why people trade news releases with extra caution, wait for the news to be out first before trading, or don't trade news releases at all.

This could work for, or against you. Long ago I had a trade where the news release caused the AUD/USD to jump 80 pips in my favour in one tick.. when my TP was only 40 pips. That was a good day...but soon after I realized it could have gone the other way regardless of where my stop was set, had the news release been different, and that thought kinda frightened me (being uncontrolled risk.) So now I don't trade news releases til after the numbers are out.

Also, keep in mind that Pepper's Razor account allows for this type of positive slippage (fills in your favour past your TP. Also called "price improvements.") Since they act as a liquidity-taking only participant on the ECN Grid. A lot of other brokers only pass on negative slippage and keep positive slippage for themselves (which I don't agree with and am happy Pepper doesn't do this.)

It's just the nature of news release trading in Forex. Sorry you learned that one the hard way.


-------


Side note, not related to Pepper:

Some brokers (very few) offer GSLO's... "Guaranteed Stop Loss Orders". But they come at a premium, as you usually have to pay a hefty fee and/or additional spread on the trade that you mark with a GSLO.

GSLO's generally don't work on ECN-like markets since the GSLO is dealt to you by the broker and not a counterparty on the ECN. (The broker would take on the market risk past your stop and deal to you as a market maker.)

I do not suggest you use GSLO's since they are broker specific and it's often cheaper (given the extra premium you pay to use them) in the long run just to employ better risk management in your trading.
FXGears.com
0 traders viewing now