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Pepperstone Forex

  • #801
  • Jul 11, 2012 4:42pm Jul 11, 2012 4:42pm
Quoting rooicol
so you can calculate what the mean spread is...
Oh ok. Will read that. I'll get back to you if I don't understand something . Thanks!
  • #802
  • Jul 12, 2012 4:35am Jul 12, 2012 4:35am
Hi guys,

I used Aslan as my IB, I used this link here:

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

and in there it's saying i should email my account number to them. I'm a bit worried about that part. Is that link safe and the real Aslan group? Is it really ok to send them my account number? thanks!
  • #803
  • Jul 12, 2012 8:56am Jul 12, 2012 8:56am
Quoting cocov
Not at all...it's just that all this thing turns out to evident. Lack of liquidity, manipulated market and so on.(gold, silver, exotic pairs)
I've been trading with PP about two months in majors, and i have to admit that all trades were so far so good.
The majors are always rock solid I find.

Even the exotics are good, I don't trade them often but have had no problems when I do. Plus, I've not heard of anyone having issues with the exotics.

Pepper has currencies pretty well nailed down in this respect.
FXGears.com
  • #804
  • Jul 12, 2012 9:14am Jul 12, 2012 9:14am
Quoting kiko_
Hi guys,

I'm planning on opening an account with peppermint. I swing trade and close my positions after 1-3 days. Is a standard account enough?

I've read the whole thread and I know people suggest standard if you're not into scalping, however on Jack's post:

"Razor.. I ran some spread analysis and on average I'd be getting about 0.1-0.3 pips price improvement going with Razor over the standard account after you factor in ..."

and also by Alpha-bet:

"I'm .2 pip (average) better off with razor. Run both and see what suits."

Does...
"Better deal" can be a bit subjective here... since Standard accounts are still rather good to use depend on your style (swing, higher timeframes, etc..) But if you turn a lot of volume then Razor can offer a lower total cost per trade. The difference has an impact when you turn more than a few million in notional volume every month.

I know many people who are happy with Standard accounts, and many who are happy with Razor.

Not for nothing, but some countries treat transaction costs (commissions) for trading differently than P/L (net profits).. so sometimes it's better to go one way or the other as it relates to your local tax code. (You're gonna have to do a little research here on your own.)
FXGears.com
  • #805
  • Edited 1:15pm Jul 12, 2012 12:53pm | Edited 1:15pm
Quoting kiko_
Hi guys,

I used Aslan as my IB, I used this link here:

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

and in there it's saying i should email my account number to them. I'm a bit worried about that part. Is that link safe and the real Aslan group? Is it really ok to send them my account number? thanks!
They receive your amount of lots traded from Pepperstone via your account number and info. This is just a way to insure that the right person is receiving the right rebate.

It's the right link.

[email protected] was the email I used to sign up.
Fuck Forex Factory.Wake up people.
  • #806
  • Jul 12, 2012 2:56pm Jul 12, 2012 2:56pm
Here again, this instrument is slowly becoming untradable, this morning XAGUSD shows a spread of 625 points!!!
Attached GoMarkets H1 chart for comparison.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silverpepperstone.gif Size: 30 KB
Click to Enlarge Name: silvergomarkets.gif Size: 34 KB
Don't get mad, get even!
  • #807
  • Jul 14, 2012 9:12am Jul 14, 2012 9:12am
Just opened a razor account with them. Looking forward to Monday and test it a bit. Eventually will post my experiences in here .
  • #808
  • Jul 14, 2012 10:21am Jul 14, 2012 10:21am
This is by far the best broker i traded with, i dont know much about other pairs but on eur/usd its sharp.. never had a re-quote, trades are opened and closed instantly with mt4, spread is by far the best i ever had .. you may get as low as 0.1 in a normal market without news, but the average is around 0.5. Im trading with them more than 6 months now, once i saw a 5 pips spread on some news about Greece, but even in NFP announce you it will not go above 3 or 4.

The only cons i can report is, you may get dc in the end of the day for 5 minutes, once or twice a month i notice once time a 1 or 2 minutes dc.

I have a razor account, and i trade all London session until NY is closed.

My previous experiences are Oanda, Alpary UK & Markets.com.
  • #809
  • Jul 15, 2012 2:23am Jul 15, 2012 2:23am
I think what I have noticed most about Pepper is the consistancy to be able to trade my style without all the crap going on server side. The small commission is well worth paying to get the stability.

Spreads on gold are the best I have seen with stop distance of 20 pips, far better than the others have to offer, easy pick'ns. I don't know why others aren't pulling there heads in and trying to match Pepper. Suits me fine though.

Still have to watch low liquidity when placing orders, particularly if there is no momentum, but this is consistant across all brokers.
My comments are not to be taken as trading advice, not a financial advisor
  • #810
  • Jul 15, 2012 2:54am Jul 15, 2012 2:54am
Quoting masterpulha
This is by far the best broker i traded with, i dont know much about other pairs but on eur/usd its sharp.. never had a re-quote, trades are opened and closed instantly with mt4, spread is by far the best i ever had ..

The only cons i can report is, you may get dc in the end of the day for 5 minutes, once or twice a month i notice once time a 1 or 2 minutes dc.

I have a razor account, and i trade all London session until NY is closed.
How long have you been with them?
Have you noticed the delay when closing trades?
Have a nice day
  • #811
  • Jul 15, 2012 11:32am Jul 15, 2012 11:32am
Quoting billv
How long have you been with them?
Have you noticed the delay when closing trades?
As i said im with them for 6 months, trades are closed instantly in mt4.. less then 1 second.
  • #812
  • Jul 15, 2012 3:30pm Jul 15, 2012 3:30pm
Quoting masterpulha
As i said im with them for 6 months, trades are closed instantly in mt4.. less then 1 second.
ahh, they must still have you in their A book.
Keep an eye on them because they'll get dodgier.
I'm about to give them a call on execution delays.....
Have a nice day
  • #813
  • Jul 15, 2012 3:36pm Jul 15, 2012 3:36pm
Quoting billv
ahh, they must still have you in their A book.
Keep an eye on them because they'll get dodgier.
I'm about to give them a call on execution delays.....
im not a scalper, and i don't like news moves, i like healthy price action .. a pip or two doesn't really makes much difference the way i trade.. if they change the way they operate, ill just move to a different broker.
  • #814
  • Jul 17, 2012 8:38am Jul 17, 2012 8:38am
Just noticed a "Client Login" button on their main page:

https://pepperstone.com/

(Look at the top right..)

I asked chat support what's the deal, since I couldn't login to it with my MT4 account... they told me that they are just finishing up testing out a new web portal to allow users to manage their account in a central place.

Apparently we'll be able to do things like leverage changes and transfers all instantly and automated once it's fully implemented.
FXGears.com
  • #815
  • Jul 17, 2012 9:44am Jul 17, 2012 9:44am
Quoting masterpulha
As i said im with them for 6 months, trades are closed instantly in mt4.. less then 1 second.
I've started a live account with them this week. Their spreads are nice and opening trades isn't a problem, but I've noticed a delay of (sometimes) up to 5 seconds when closing trades! As I'm not really a scalper, this doesn't bother me that much but it can definitely hurt you in the long run.
  • #816
  • Jul 17, 2012 1:08pm Jul 17, 2012 1:08pm
Unfortunately my first day with them resulted in a losing day. However, executions were less then 0.5sec. Tight spreads. Even when Bernanke gave his speech lol! So far so good. Hoping it to stay this way.
  • #817
  • Jul 17, 2012 1:41pm Jul 17, 2012 1:41pm
Quoting Robertk
Unfortunately my first day with them resulted in a losing day. However, executions were less then 0.5sec. Tight spreads. Even when Bernanke gave his speech lol! So far so good. Hoping it to stay this way.
Pepperstone is actually the only Broker which I made profits with... So all signs are green regarding pepperstone lol
Forex is a losers game.
  • #818
  • Jul 17, 2012 8:45pm Jul 17, 2012 8:45pm
Quoting trader121
Pepperstone is actually the only Broker which I made profits with... So all signs are green regarding pepperstone lol
Haha, your trading must have got better over time because if you had a good trading strategy
from the beginning you wouldnt be blaming the bucket shops
Have a nice day
  • #819
  • Edited 10:28pm Jul 17, 2012 9:45pm | Edited 10:28pm
Quoting Robertk
Unfortunately my first day with them resulted in a losing day. However, executions were less then 0.5sec. Tight spreads. Even when Bernanke gave his speech lol! So far so good. Hoping it to stay this way.
Rob
Keep an eye on them.
I have a spread indicator on my screen so I can see instantly what the spread is
but I'm suspicious of the execution delays and the price they give when I'm closing trades.

I do a lot of trades daily and most of them close at profit.
However, I was watching 1 AUDUSD trade last night which was at profit and I had a 3 pip trailing stop on it
but I later saw it closed at -1 which is very suspicious..... I didn't have a stop loss and the trailing stop kicked in after 3 pips of profit
so that trade should have closed as +3 minus any spread & commision so lets say = +1.5.

During London open I get a spread of less than 0.5 pip (plus the 7$ commision)
so you'd think 3 pips would be enough to close any trade at a profit or in the worst case breaking even?
And no it wasn't when Ben was speaking.
Have a nice day
  • #820
  • Edited 3:10pm Jul 18, 2012 7:49am | Edited 3:10pm
Just received my Razer Naga Epic mouse. Sweet!!! I feal like a little kid at christmas! lol

Now I can have all my scripts hotkeys, experts, trade settings, etc, all on my mouse! Yeapy, watch out mister market here I come, lol

Just had to share, lol.

No issues with Pepperstone on my end. haven't had any for a while now. (Standard account)

Happy trading!
Fuck Forex Factory.Wake up people.
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