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Pepperstone Forex

  • #921
  • Aug 18, 2012 7:07pm Aug 18, 2012 7:07pm
Quoting cogs
It appears we can only have one account or the other, as I have been told of my new account number to transfer the funds from my old account, which makes me think the old Razor account is closed off.
Yup, that's the plan.

http://www.forexfactory.com/showthre...11#post5930411 #888
Fuck Forex Factory.Wake up people.
  • #922
  • Aug 19, 2012 9:56am Aug 19, 2012 9:56am
After spending the last few hours reading this thread after another trading friend asked if I knew anything about them, I have completed the application and will give these guys a go. I have traded with Oanda for years without any problem and their spreads are not too bad in comparison to some others. The name though had me hooked but I just can't work it out. Having traded with GFT for CFD's (not any longer though) and Oanda for Forex I am now looking for another provider to get used too. I tried CMC (against the crowd of NO's and I should have listened) but couldn't agree with their setup

Looking forward to this week and seeing how it all goes and whether I can replicate some success with another broker

RT
  • #923
  • Aug 19, 2012 7:28pm Aug 19, 2012 7:28pm
Quoting Razor_trader
After spending the last few hours reading this thread after another trading friend asked if I knew anything about them, I have completed the application and will give these guys a go. I have traded with Oanda for years without any problem and their spreads are not too bad in comparison to some others. The name though had me hooked but I just can't work it out. Having traded with GFT for CFD's (not any longer though) and Oanda for Forex I am now looking for another provider to get used too. I tried CMC (against the crowd of NO's and I should...
how is your experience trading CFD with GFT. I was thinking of opening an account with them, but then i did some research, there are lots of complaints about their forex platform.
  • #924
  • Aug 19, 2012 7:31pm Aug 19, 2012 7:31pm
just contacted pepperstone as a potential new customer, they claim they will have a new webtrader to be released in two weeks. however, they claimed they don't know the ETA of the web trader when i contacted them as an existing customer last week

let's see if they will release the new platform in the next two weeks OR they are just being dishonest and trying to attract new customers.
  • #925
  • Aug 19, 2012 10:39pm Aug 19, 2012 10:39pm
Just emailed [email protected] providing my account info and asked them yesterday to switch over the new EDGE Razor account, and suprises me the processing speed is actually really fast, customer service told me my EDGE account should be ready for use in a day.

Im currently playing around with the demo EDGE razor account. I couldnt locate the one-click function windown... anyways i couldnt care less about this function cuz my account switch was aiming for faster execution speed and lower spread.

But... so far with the demo EDGE account... the execution speed is slower than the regular razor account i feel (regular razor demo vs EDGE demo). and the spread for xauusd is still around 40-50. So from only demoing, regular razor beats EDGE, but for live, we ll see ...
Whatever is happening right now has happened before and will happen again.
  • #926
  • Aug 19, 2012 10:42pm Aug 19, 2012 10:42pm
Quoting mnmnmmnnmnmn
So nobody has actually been using this new product? when exactly this thing first came out ? this month?

If they only charges that little, i can see the broker is actually willing to see all the existing customers to make the switch. from my point of view it always costs more to maintain different types of accounts.
I made the full switch as of Friday. Before that I was testing Edge for a few months while it was getting ready for release... It was continually improved as I was using it, even up to a few days before launch.

So far so good with my personal switch. Clean execution. Happy.

I agree on the thought about expense and running two backends... the administrative and support expense on both platforms would add up, and retail forex has seen profit margins thin lately. Plus, they'll get a lot more pull with LPs and banks if they do more volume through them, so pushing for their order flow to go through one channel makes more sense. Economies of scale after all.

I'm fine with Pepper making a change like this, so long as it's a step forward (or lateral) and not a step back. Looks like we Razor traders will be ok.
FXGears.com
  • #927
  • Aug 19, 2012 10:45pm Aug 19, 2012 10:45pm
Quoting muzza
https://pepperstone.com/clients/downloads.php
oh forgot to say thanks for the link that you provided, muzza.
Whatever is happening right now has happened before and will happen again.
  • #928
  • Aug 19, 2012 10:47pm Aug 19, 2012 10:47pm
Quoting haoqfu
just contacted pepperstone as a potential new customer, they claim they will have a new webtrader to be released in two weeks. however, they claimed they don't know the ETA of the web trader when i contacted them as an existing customer last week

let's see if they will release the new platform in the next two weeks OR they are just being dishonest and trying to attract new customers.
Err... you're reading into that way too much. The reps manning the chat lines are there to help with current products and admin stuff. so I wouldn't charge the company with being dishonest just because one rep wasn't up to speed on an unreleased platform. Just saying.

I asked myself, as an existing client and was told it would be a 'few weeks' but they are indeed working on a new web trading platform. So we'll see. It would be nice to get a web platform again.
FXGears.com
  • #929
  • Aug 19, 2012 10:49pm Aug 19, 2012 10:49pm
Quoting Jack_Larkin
I made the full switch as of Friday. Before that I was testing Edge for a few months while it was getting ready for release... It was continually improved as I was using it, even up to a few days before launch.

So far so good with my personal switch. Clean execution. Happy.

I agree on the thought about expense and running two backends... the administrative and support expense on both platforms would add up, and retail forex has seen profit margins thin lately. Plus, they'll get a lot more pull with LPs and banks if they do more volume through...
Thanks for your reply Jack, now you have convinced me of making the right move. It's gonna be a quiet week this week. i ll do some scalping just to test the new system out once my live account is opened up.
Whatever is happening right now has happened before and will happen again.
  • #930
  • Aug 19, 2012 11:42pm Aug 19, 2012 11:42pm
Quoting Jack_Larkin
I made the full switch as of Friday. Before that I was testing Edge for a few months while it was getting ready for release... It was continually improved as I was using it, even up to a few days before launch.

So far so good with my personal switch. Clean execution. Happy.
The new edge hourly (tick) volume is around 20% lower than old razor, is it due to low liquidity? Pepperstone volume is quite low compare to other brokers.
  • #931
  • Aug 20, 2012 12:03am Aug 20, 2012 12:03am
Quoting Ryan.fx
The new edge hourly (tick) volume is around 20% lower than old razor, is it due to low liquidity? Pepperstone volume is quite low compare to other brokers.
Liquidity is higher on Edge, plus there's the added liquidity in their dark pool setup (though, no idea how much more this adds since it's 'dark' after all.) The slightly faster execution helps as well here.

Yes, I would like to see tick volume up higher... but it's not "low", and, execution wise, so far it hasn't posed any issues for me.
FXGears.com
  • #932
  • Edited 9:00am Aug 20, 2012 8:25am | Edited 9:00am
So, how is Edge treating you all so far this morning? Executions/fills ok? Any issues?

Still debating if i should switch just yet.
Fuck Forex Factory.Wake up people.
  • #933
  • Aug 20, 2012 8:37am Aug 20, 2012 8:37am
Quoting haoqfu
just contacted pepperstone as a potential new customer, they claim they will have a new webtrader to be released in two weeks. however, they claimed they don't know the ETA of the web trader when i contacted them as an existing customer last week

let's see if they will release the new platform in the next two weeks OR they are just being dishonest and trying to attract new customers.


I contacted them today (new customer) regarding platforms besides MT4 and was told they have no new platforms being released any time soon. They did say they are always looking, but they couldn't give me any sort of timeline.
  • #934
  • Aug 20, 2012 11:05am Aug 20, 2012 11:05am
Quoting ramy3
So, how is Edge treating you all so far this morning? Executions/fills ok? Any issues?

Still debating if i should switch just yet.
Well, gheez Ramy, it's pretty good so far. I would switch if i where you.
Fuck Forex Factory.Wake up people.
  • #935
  • Aug 20, 2012 11:05am Aug 20, 2012 11:05am
Quoting ramy3
Well, gheez Ramy, it,s pretty good so far. I would switch if i where you.
Thanks mate, will switch tomorrow.
Fuck Forex Factory.Wake up people.
  • #936
  • Edited 12:16pm Aug 20, 2012 11:06am | Edited 12:16pm
Quoting ramy3
Thanks mate, will switch tomorrow.
Good move Ramy.

Don’t mind me just bored. omg, really bored, lol

Happy trading!
Fuck Forex Factory.Wake up people.
  • #937
  • Aug 20, 2012 11:12am Aug 20, 2012 11:12am
Ramy, you trade on standard?

There isn't a demo for standard from what I can tell, and I use Razor myself.. maybe you could give a little feedback on how Edge Standard holds up?
FXGears.com
  • #938
  • Edited 3:28pm Aug 20, 2012 11:17am | Edited 3:28pm
Yes standard. As soon as i switch, i will give feedback. Waiting to see if most of you are happy with your switch. (Even though i will not have a choice to switch sooner or later…)

Been in a trade for an hour now (EUR/USD sidewayzzzzzz). Hence the being bored… Tried blowing on the chart to push it faster to my target, it doesn't work, damn...
Fuck Forex Factory.Wake up people.
  • #939
  • Aug 20, 2012 11:26am Aug 20, 2012 11:26am
I've been counting ticks and so far on EURUSD there is always more ticks on normal razor; Yet the spreads are better on EDGE.

best regards
Diogo

EDGE RAZOR

2012.08.20 17:20:00birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 74494 Smoothed min spread: 0.17 Smoothed max spread: 0.56
2012.08.20 17:14:59birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 74420 Smoothed min spread: 0.17 Smoothed max spread: 0.56
2012.08.20 17:09:59birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 74313 Smoothed min spread: 0.17 Smoothed max spread: 0.56
2012.08.20 17:04:59birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 74233 Smoothed min spread: 0.17 Smoothed max spread: 0.56
2012.08.20 16:59:59birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 74123 Smoothed min spread: 0.17 Smoothed max spread: 0.56
2012.08.20 16:54:59birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 73982 Smoothed min spread: 0.17 Smoothed max spread: 0.56
2012.08.20 16:49:59birt's AverageSpread EURUSD,M5: Average spread: 0.32; ticks: 73837 Smoothed min spread: 0.17 Smoothed max spread: 0.56

NORMAL RAZOR (from demo)

2012.08.20 17:19:59birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 107037 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 17:14:58birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106960 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 17:10:12birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106857 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 17:04:58birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106754 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 16:59:58birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106643 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 16:54:58birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106508 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 16:49:59birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106380 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 16:45:00birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106246 Smoothed min spread: 0.27 Smoothed max spread: 0.63
2012.08.20 16:39:59birt's AverageSpread EURUSD,M5: Average spread: 0.38; ticks: 106039 Smoothed min spread: 0.27 Smoothed max spread: 0.63
  • #940
  • Edited 4:32pm Aug 20, 2012 4:05pm | Edited 4:32pm
FYI:

Quote
Every day at 0:00 Server time (5pm New York Time) you will note that our platform will have a blackout for 5 minutes. In the Global Forex Markets this is widely regarded as 'End of Fx Day'.

What happens at this time is that all the large investment banks around the world reset their systems and reboot in preparation for the new trading day - Pepperstone also being an ECN observes this 5 minute blackout time. During this time there are low/no quotes being issued as the majority of the banks are essentially closed for this 5 minute window - This results in spreads blowing out and very large spikes/volatility (due to the low liquidity) in the markets and gaps in the prices can appear. We urge clients to be very careful trading during this period of low liquidity as slippage and large spreads are common

So, if you are still in a trade you want to close during that time, well... Good luck! never was in a trade this long... Always a first i guess...
Fuck Forex Factory.Wake up people.
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