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Pepperstone Forex

  • #701
  • Edited Jun 13, 2012 1:30am Jun 12, 2012 10:47pm | Edited Jun 13, 2012 1:30am
Quoting Jack_Larkin
I noticed it on their site about two weeks ago... and I asked them about it.

From what I've gathered: A lot of clients were inquiring about CFDs and since Pepper doesn't directly deal with them they setup an agreement with another firm to provide the service. Your account is with the other firm if you go that route, and Pepper helps with the customer service and account setup.

This way, people who want CFDs in addition to their FX account have an avenue of getting them from their trusted source.. without Pepperstone getting distracted from their...
I'm happy that Pepperstone have decided to outsource CFD trading. Acceptable result for FX traders.

The Australian CFD market is facing possible market reforms to protect client monies.

Here's link to story on possible CFD market reform.

ABC Inside Business 13/06

http://www.abc.net.au/news/2012-06-1...lation/4067228

Very basic story but may assist someone.
  • #702
  • Jun 12, 2012 10:49pm Jun 12, 2012 10:49pm
Quoting aud
Unless Pepper have negotiated a better deal with Halifax, you may be better off with Axitrader. Halifax have not been that competitive with their cfd commissions and Pepper as you know, use Axitrader's white label for fx.
LOL. Here we go....again
  • #703
  • Jun 12, 2012 11:05pm Jun 12, 2012 11:05pm
aud
Quote
Unless Pepper have negotiated a better deal with Halifax, you may be better off with Axitrader. Halifax have not been that competitive with their cfd commissions and Pepper as you know, use Axitrader's white label for fx
You've got to be f%#ing kidding me! Axitrader over Pepperstone???
My comments are not to be taken as trading advice, not a financial advisor
  • #704
  • Jun 12, 2012 11:19pm Jun 12, 2012 11:19pm
I am trying to find out whether pepper will enable me to trade CFD AND FX on just one account. I don't want to have 2 separate account in 2 separate brokers...
Riding the order flow
  • #705
  • Edited 3:38am Jun 13, 2012 1:38am | Edited 3:38am
Quoting Binyamin
I am trying to find out whether pepper will enable me to trade CFD AND FX on just one account. I don't want to have 2 separate account in 2 separate brokers...
From the looks of it and Jack's answer, you will probably be getting two separate accounts if you want to trade FX through Pepperstone. I am really just guessing here.

Your best bet would be to contact Pepper's live chat. Seeing that this is relatively new.
Fuck Forex Factory.Wake up people.
  • #706
  • Jun 13, 2012 6:54am Jun 13, 2012 6:54am
Quoting Binyamin
I am trying to find out whether pepper will enable me to trade CFD AND FX on just one account. I don't want to have 2 separate account in 2 separate brokers...
Yeah, as ramy3 noted, it was explained to me that it would be a separate account and separate platform.

In your chats with support, if you find out any more details feel free to post them here.
FXGears.com
  • #707
  • Jun 15, 2012 7:33am Jun 15, 2012 7:33am
FYI, hope everyone read this. Not sure what kind of impact it will have.

Quote
Dear Valued Pepperstone Client,

This coming Sunday, June 17 2012, will be the Greek legislative elections. This event is important for the future of Greece as part of the Eurozone. While Pepperstone does not give financial advice, we believe these elections may result in periods of extreme volatility in the currency markets. We urge you to take every step possible to protect yourself from potential price spikes or market gaps, including but not limited to:

•Adding funds to your account to avoid liquidation and/or margin call
•Curtailing unnecessary exposure, by closing some or all existing positions prior to the market close
•Placing stop orders*

*Please be aware that stop orders may slip or not be filled if the market gaps or if there is extreme volatility.

The events unfolding in the Eurozone in the following weeks will be pivotal for the future of the Euro currency and the nations involved. Stay current with news announcements so you are aware of potentially volatile market conditions.

Pepperstone recommends that clients seek professional financial advice on this matter.

If you have any questions, our customer support team will be happy to help.

Kind regards,

The Pepperstone Team

Fuck Forex Factory.Wake up people.
  • #708
  • Jun 15, 2012 10:16am Jun 15, 2012 10:16am
Quoting ramy3
FYI, hope everyone read this. Not sure what kind of impact it will have.
pepperstone has negative account balance protection rite? hope they dun chase me for payment if my account goes heavily negative on monday's anticipated gap...
  • #709
  • Jun 15, 2012 10:27am Jun 15, 2012 10:27am
Quoting MiG123
pepperstone has negative account balance protection rite? hope they dun chase me for payment if my account goes heavily negative on monday's anticipated gap...
Not sure about that. Would be wise to ask them directly. Got caught in one of those gaps with another broker and they did not have negative balance protection.
Fuck Forex Factory.Wake up people.
  • #710
  • Jun 15, 2012 10:34am Jun 15, 2012 10:34am
Quoting MiG123
pepperstone has negative account balance protection rite? hope they dun chase me for payment if my account goes heavily negative on monday's anticipated gap...
As a trader, you never want to get yourself into an all-or-nothing situation. Such trades might save your skin, but it only takes one that doesn't work out to bust your account.

That said, I'll be flat over the weekend. If this sort of thing worries you, then maybe you should be as well.

(Last I checked, there is a form of negative balance protection, but given the situation you might want to run this by support chat to make sure. Explain the positions you have on, your margin levels, etc.. and ask them to respond via email.

My advice is still to flatten out before the weekend, you can always get back in after.)
FXGears.com
  • #711
  • Jun 15, 2012 10:53am Jun 15, 2012 10:53am
Quoting MiG123
pepperstone has negative account balance protection rite? hope they dun chase me for payment if my account goes heavily negative on monday's anticipated gap...
I really hope this is your idea of a joke.
  • #712
  • Edited 6:11pm Jun 15, 2012 10:54am | Edited 6:11pm
Quoting Alpha-Bet
I really hope this is your idea of a joke.
LOL. What can i say...
Fuck Forex Factory.Wake up people.
  • #713
  • Jun 18, 2012 10:16am Jun 18, 2012 10:16am
So MiG123, we opened ~60 pips gapping up, how did things turn out?

Did you flatted out before? Hold? Reduce? Did you chat with pepper? What did they say?
FXGears.com
  • #714
  • Jun 18, 2012 10:49am Jun 18, 2012 10:49am
Quoting Jack_Larkin
So MiG123, we opened ~60 pips gapping up, how did things turn out?

Did you flatted out before? Hold? Reduce? Did you chat with pepper? What did they say?
Yes.
Please inform. I was nervous all weekend regarding this gap on open.

Was invited to a party where tzatziki was served and had to leave.
  • #715
  • Jun 18, 2012 10:52am Jun 18, 2012 10:52am
Oh, no no, I'm not making fun of him or anything.. I was asking seriously.

I'm curious what pepper said if he talked to them about negative balance protection given his situation over the potentially volatile weekend.

FXGears.com
  • #716
  • Edited 6:50pm Jun 18, 2012 12:36pm | Edited 6:50pm
Quoting Alpha-Bet
Yes.
Please inform. I was nervous all weekend regarding this gap on open.
Was invited to a party where tzatziki was served and had to leave.
Lol, sorry, i had to post. "tzatziki was served and had to leave", lol. i am really not lauging at anybody. Just really made me laugh.

Thks, Alpha.

Made my day...

Happy trading to all!



Edit: Dude, i am still laughing when I reread it, lol. I Probably need a good night sleep... thks
Fuck Forex Factory.Wake up people.
  • #717
  • Jun 18, 2012 1:16pm Jun 18, 2012 1:16pm
Pepperstone's reply:

Quote
Negative Balance Protection means that we will liquidate all open positions once your margin level falls below 20%.

Pepperstone does have an automated negative balance protection in place within Metatrader - So all your positions will be auto liquidated to help prevent negative balance from occurring. In rare circumstances however (e.g. if there is a 'gap' movement in the market) and your positions cannot be liquidated then a negative balance can occur. We do require you to top up your account so that it returns to zero.

If anyone is interested.
Fuck Forex Factory.Wake up people.
  • #718
  • Jun 18, 2012 1:26pm Jun 18, 2012 1:26pm
Quoting ramy3
Pepperstone's reply:



If anyone is interested.
Good for reference.
FXGears.com
  • #719
  • Jun 18, 2012 6:05pm Jun 18, 2012 6:05pm
Quoting aud
Unless Pepper have negotiated a better deal with Halifax, you may be better off with Axitrader. Halifax have not been that competitive with their cfd commissions and Pepper as you know, use Axitrader's white label for fx.
I chose Pepper over Axi and would do so again. I love the lot-size flexibility at pepper.

And could someone please explain me why he/she would ever want to trade CFDs. I really tried to put some time and effort into finding some pros, but I couldn't get past the commissions. How do people make money with them at Halifax via pepper or any other route?

I had thought about it before when I was with GFT. I think they had a pretty large CFD pool to choose from. If I remember correctly, I was looking for a way to trade GOOG. Couldn't get passed the commissions though.
It's my price or no price at all!
  • #720
  • Jun 18, 2012 6:51pm Jun 18, 2012 6:51pm
I use them as instrument to trade in shares (stocks). In oz using an online broker (comsec) it costs $20- to buy, $20- to sell and $15- if the sell was brought about by a S/L or T/P order. ie $54- for the round trip.

If I use cfd's (ig markets) it costs $16- for the round trip.

I can also use the same account to trade cfd's over fx or indices where they add their comm. to the spread.
Good Trading
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