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  • #1,001
  • Aug 28, 2012 5:48pm Aug 28, 2012 5:48pm
Comparing now EDGE vs razor as they old accounts spread look no longer good just checking EURCHF where each pip is a big jump just right now old razor account show 1.9982 lows while EDGE 1.20065 that's a big difference noticed also lower spread in that cross far better & less noise before asia opening...

Some over EURUSD
Brokers are angels
  • #1,002
  • Aug 29, 2012 6:43pm Aug 29, 2012 6:43pm
Quoting fx13
BE is valid IF you don't have slippage while here razor accounts face slippage in execution! Of course you could even face price improvement but I still love to place limits within the spread like MBT allow to & that's fair. Why we can't do that? While we know that stops/ limits are not garateed & we face slippage like in an ECN ?

13
Stops aren't guaranteed on any exchange/ECN in any common market (equities, futures, forex, etc..) **

Think about it, price moves away from your entry, your way of "getting out" of the trade can't be set as a limit that the market hits. Instead, stops must be a triggered market execution.

Example: If you're long, and price falls, you can't have a stop 'sell' with a limit in a falling market unless your order price crosses the bid and becomes marketable. Thus, to make sure you get out the moment your stop is triggered, the order must be market execution (and with any market execution order there's a chance of slippage.)

Take profit orders, on the other hand, can be limit orders since price moving in the intended direction is able to cross and fill a limit order as price continues to move.


** There is one exception when it comes to stops. Some brokers offer what's called a GSLO (Guaranteed Stop Loss Order.) GSLO's are like regular stop loss orders but the broker actually charges extra for them since they shift the risk of not being filled at the intended stop price to the broker. So they are more like insurance products than market orders. The premium you pay on a GSLO is often expensive enough to make it not worth it in most cases, it's a product after all and brokers aren't charities.
FXGears.com
  • #1,003
  • Aug 30, 2012 2:35pm Aug 30, 2012 2:35pm
Quoting Jack_Larkin
Stops aren't guaranteed on any exchange/ECN in any common market (equities, futures, forex, etc..) **

Think about it, price moves away from your entry, your way of "getting out" of the trade can't be set as a limit that the market hits. Instead, stops must be a triggered market execution.

Example: If you're long, and price falls, you can't have a stop 'sell' with a limit in a falling market unless your order price crosses the bid and becomes marketable. Thus, to make sure you get out the moment your stop is triggered, the order must be...
Interesting but you can get GSLO's with market makers where you get filled what ever the move is ( Go market was in the past too great for that! before they started slippage games!). The price usually is a distance for stops/limit that even widen in news so broker can protect his a$$.

Dukascopy is a an ECN & MBT too. they offer Stop/ limit within the spread it's never been an issue & customers will face the usual slippage due to ECN execution.

So why we can't set limit/stoploss within the pip & face the f*** slippage! MBT do that once again.

Edge is great but would be perfect if we remove those limits over stop/limit distance 2 pips!

13
Brokers are angels
  • #1,004
  • Aug 30, 2012 7:18pm Aug 30, 2012 7:18pm
Guyzz i hav opened a live standard edge account with rebates from Aslan group ..bt as i hav heard i hav to mail them or something like that for my rebates to be activated after i close a trade...can someone clarify me ..
Also i wanted to ask where are the Edge servers located(to my knowledge in US as they giving me around 800 ms latency which is pretty high/My Location=Pakistan (if u ever heard of this country,Taliban live here though )....+ im a scalper so isnt 800 ms latency=slippages or bad executions??
  • #1,005
  • Aug 31, 2012 1:13am Aug 31, 2012 1:13am
Quoting Ammeo
Guyzz i hav opened a live standard edge account with rebates from Aslan group ..bt as i hav heard i hav to mail them or something like that for my rebates to be activated after i close a trade...can someone clarify me ..
Also i wanted to ask where are the Edge servers located(to my knowledge in US as they giving me around 800 ms latency which is pretty high/My Location=Pakistan (if u ever heard of this country,Taliban live here though )....+ im a scalper so isnt 800 ms latency=slippages or bad executions??

Inserted Video
  • #1,006
  • Aug 31, 2012 3:35am Aug 31, 2012 3:35am
Quoting Ammeo
Guyzz i hav opened a live standard edge account with rebates from Aslan group ..bt as i hav heard i hav to mail them or something like that for my rebates to be activated after i close a trade...can someone clarify me ..
Aslan will email you direct - takes about a week. Don't stress about it too much they pay monthly anyway.
  • #1,007
  • Aug 31, 2012 9:16am Aug 31, 2012 9:16am
How does that video answer the 800ms latency question?
And guys who are with this broker, whats your overall experience? Any other accounts, whats best?
  • #1,008
  • Aug 31, 2012 9:41am Aug 31, 2012 9:41am
Quoting Vlad.M
How does that video answer the 800ms latency question?
Who said it does? Maybe it answers the other question asked in the same post?

Quoting Ammeo
Also i wanted to ask where are the Edge servers located
  • #1,009
  • Aug 31, 2012 12:56pm Aug 31, 2012 12:56pm
Quoting Vlad.M
How does that video answer the 800ms latency question?
And guys who are with this broker, whats your overall experience? Any other accounts, whats best?
The video details the NY4 Datacenter is in the US on the east coast where Pepper's servers are located. This is where most of the banks are represented, and thus provides great execution...

The video comes from this page on their site (that has a lot more info):
https://pepperstone.com/mt4-forex-tr...mt4-server.php

However, you are in Pakistan. Internet in your region has to route out and across an ocean, and back, before your order is confirmed in MT4... 800ms is quite good if you think about the distance it travels and the process involved (and it's probably on par with what some brokers could do even locally.)

Heck, I know some brokers that will still take 1-3 seconds to execute an order even if you live next door to their servers. So you're doing well there.
FXGears.com
  • #1,010
  • Aug 31, 2012 3:30pm Aug 31, 2012 3:30pm
Hello friends traders!

I'm new in the forex world, and speak of Brazil, opened an account at pepperstone a few days and wanted some information!

Someone already made ​​a withdrawal by pepperstone?? had a problem or was it right?

I thank you and sorry for my mistakes in English!
Good traders everyone!
  • #1,011
  • Edited 6:03pm Aug 31, 2012 5:55pm | Edited 6:03pm
Quoting Duartebrasil
Hello friends traders!

I'm new in the forex world, and speak of Brazil, opened an account at pepperstone a few days and wanted some information!

Someone already made ​​a withdrawal by pepperstone?? had a problem or was it right?

I thank you and sorry for my mistakes in English!
Good traders everyone!
Have made many withdrawals from my pepperstone account and no problems.
Very quick and reliable.

Your right to ask this question but also when you do not hear/see complaints from multiple members you can have some confidence no major issues exist.
This goes for all areas of a brokers operation. Traders are quick to jump up and down or outright slander brokers whether a problem is present or perceived.
  • #1,012
  • Aug 31, 2012 9:51pm Aug 31, 2012 9:51pm
I live in the Uk and have a small standard account with Pepperstone.

I am on holiday in Asia now and really should have closed my positions before travelling but did not.

I checked my account and I am nearly out of funds and recieved a margin call, I would close all my positions but the market is closed until Monday.

Are my positions automatically closed out when I run out of funds?
  • #1,013
  • Edited 1:20am Sep 1, 2012 12:59am | Edited 1:20am
Only problem I have had with withdrawls (which is common throughout all brokers), is you can only withdraw in $1000 lots and not a lump sum over that.

I haven't tried withdrawing $10 or $20k at a time, I just wanted to withdraw a few k and had to do it in $1k lots.

Fridays trading images. Some slippage and some delays. The xauusd is a little worrying but the others don't concern me for the way I trade. I expected a little better for the new Razor Edge account. I hope it's mearly a Friday thing with low numbers having yet signed up for Edge. Still very happy with them though.
Attached Images
My comments are not to be taken as trading advice, not a financial advisor
  • #1,014
  • Sep 1, 2012 1:28am Sep 1, 2012 1:28am
Quoting cogs
Only problem I have had with withdrawls (which is common throughout all brokers), is you can only withdraw in $1000 lots and not a lump sum over that.

I haven't tried withdrawing $10 or $20k at a time, I just wanted to withdraw a few k and had to do it in $1k lots
Never had that issue. I sweep account and have removed multiple thousands with no issues. I am Aussie based so unaware if this has a bearing.
  • #1,015
  • Sep 1, 2012 6:37am Sep 1, 2012 6:37am
Quoting creekpaddle
I live in the Uk and have a small standard account with Pepperstone.

I am on holiday in Asia now and really should have closed my positions before travelling but did not.

I checked my account and I am nearly out of funds and recieved a margin call, I would close all my positions but the market is closed until Monday.

Are my positions automatically closed out when I run out of funds?
http://www.forexfactory.com/showthre...52#post5770952 #717
Fuck Forex Factory.Wake up people.
  • #1,016
  • Sep 1, 2012 8:16am Sep 1, 2012 8:16am
Thank you all for your help!

Soon I will be posting my experiences here.
  • #1,017
  • Sep 1, 2012 8:24am Sep 1, 2012 8:24am
Also i wanna ask shd i deposit into pepperstone account via Debit card or Money bookers (i personally prefer Debit card) ,,Which one is cheaper and easy to deal with??
i hav seen pepperstone's bank (ANB) or Maybe they themselves (maybe fooling customers saying its the bank) charge 3% on deposits on both Debit card and Moneybookers deposits ..many brokers charge nothing for incoming....is it really them or the bank???
  • #1,018
  • Sep 1, 2012 12:09pm Sep 1, 2012 12:09pm
Quoting cogs
Only problem I have had with withdrawls (which is common throughout all brokers), is you can only withdraw in $1000 lots and not a lump sum over that.

I haven't tried withdrawing $10 or $20k at a time, I just wanted to withdraw a few k and had to do it in $1k lots.

Fridays trading images. Some slippage and some delays. The xauusd is a little worrying but the others don't concern me for the way I trade. I expected a little better for the new Razor Edge account. I hope it's mearly a Friday thing with low numbers having yet signed up for Edge....
dear cogs...
can u please share those indicator??

  • #1,019
  • Sep 1, 2012 1:25pm Sep 1, 2012 1:25pm
Quoting Ammeo
Also i wanna ask shd i deposit into pepperstone account via Debit card or Money bookers (i personally prefer Debit card) ,,Which one is cheaper and easy to deal with??
i hav seen pepperstone's bank (ANB) or Maybe they themselves (maybe fooling customers saying its the bank) charge 3% on deposits on both Debit card and Moneybookers deposits ..many brokers charge nothing for incoming....is it really them or the bank???
It's the bank or the payment processor who charges the fees.

When you do a deposit, it's done with the bank's secure funding page where you'll see they list the fee they take.

If you want a no fee option for deposit. The local bank transfer method is free for sums over $1k... there's a $15 AUD charge for sums lower than that.
FXGears.com
  • #1,020
  • Sep 1, 2012 1:27pm Sep 1, 2012 1:27pm
Quoting Duartebrasil
Hello friends traders!

I'm new in the forex world, and speak of Brazil, opened an account at pepperstone a few days and wanted some information!

Someone already made ​​a withdrawal by pepperstone?? had a problem or was it right?

I thank you and sorry for my mistakes in English!
Good traders everyone!
No problems here. Done a few different withdrawal methods now and all good.
FXGears.com
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