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Pepperstone Forex

  • #1,021
  • Sep 1, 2012 1:36pm Sep 1, 2012 1:36pm
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....
That sounds really odd. I've never had to do that.

What was your method of withdrawal? Maybe it's related to that.. like if you are doing an imbalanced refund method to withdrawal to a credit card.

Or maybe it's related to the country the money is going to..
FXGears.com
  • #1,022
  • Sep 1, 2012 7:42pm Sep 1, 2012 7:42pm
Quoting ramy3
http://www.forexfactory.com/showthre...52#post5770952 #717
Thank-you for the link.

My margin level is at 144% but I did get a few margin call e-mails Friday while I was away from the PC.

I hope there are no large gaps when the market opens.
  • #1,023
  • Sep 3, 2012 12:54am Sep 3, 2012 12:54am
I currently have a Razor account with Pepperstone and pay commission on each trade.

I'm about to switch over to their new Edge platform and am wondering whether I should stay with a commission based account or switch to an Edge Standard account (pay no commission, but have slight increase in spread).

I originally choose the commission based account purely because of the lower spread. Can anyone advise the best way to decide which account type to go for. Do they work out about the same cost wise?

Thanks for you help.

(btw very happy with Pepperstone so far)
  • #1,024
  • Sep 3, 2012 1:46am Sep 3, 2012 1:46am
JUST GOT THIS MAIL FROM PEPPERSTONE....

Dear Client,


Over the next few days the Swiss National Bank may take measures to intervene with the exchange rate of the EURCHF. Pepperstone does not offer financial advise but we believe that such an event may result in extreme volatility in the EURCHF currency pair. This in turn may cause the market to "gap" significantly. In light of these conditions foreign exchange providers across the globe are adopting leverage reductions on the EURCHF.


Effective immediately Pepperstone will reduce the standard leverage on EURCHF to 25:1 or (5%). The leverage reduction will be in place until further notice.


If you have open positions on the EURCHF this leverage reduction may cause your margin requirement to increase and you may suffer financial loss. Please ensure that your account is adequately funded to maintain any positions after the change. Please note that failure to do so may incur financial loss. Pepperstone recommends that clients seek professional financial advice on this matter.


Pepperstone looks forward to removing this leverage reduction once the potentially volatile conditions are reduced.

The Pepperstone Team
  • #1,025
  • Sep 3, 2012 4:09am Sep 3, 2012 4:09am
Quoting Trekker
I currently have a Razor account with Pepperstone and pay commission on each trade.

I'm about to switch over to their new Edge platform and am wondering whether I should stay with a commission based account or switch to an Edge Standard account (pay no commission, but have slight increase in spread).

I originally choose the commission based account purely because of the lower spread. Can anyone advise the best way to decide which account type to go for. Do they work out about the same cost wise?

Thanks for you help.

(btw very happy...
http://www.forexfactory.com/showthre...le#post5660114 #567
Fuck Forex Factory.Wake up people.
  • #1,026
  • Sep 3, 2012 4:29am Sep 3, 2012 4:29am
Quoting Doji Star
Pepperstone does not offer financial advise but we believe that such an event may result in extreme volatility in the EURCHF currency pair.
The fact that they can't spell is "advice" is a worry.
  • #1,027
  • Sep 3, 2012 4:34am Sep 3, 2012 4:34am
Quoting TheMaxx
The fact that they can't spell is "advice" is a worry.
It's spelled differently in Australian english.
Fuck Forex Factory.Wake up people.
  • #1,028
  • Sep 3, 2012 5:47am Sep 3, 2012 5:47am
Quoting TheMaxx
The fact that they can't spell is "advice" is a worry.
The fact your sentence is nonsensical could be construed as a worry.

As is the fact I spelled the word "your" instead of "you're" in one of my previous posts.

People in glass houses....
  • #1,029
  • Sep 3, 2012 5:53am Sep 3, 2012 5:53am
Quoting Doji Star
JUST GOT THIS MAIL FROM PEPPERSTONE....

Dear Client,


Over the next few days the Swiss National Bank may take measures to intervene with the exchange rate of the EURCHF. Pepperstone does not offer financial advise but we believe that such an event may result in extreme volatility in the EURCHF currency pair. This in turn may cause the market to "gap" significantly. In light of these conditions foreign exchange providers across the globe are adopting leverage reductions on the EURCHF.


Effective immediately Pepperstone will reduce the standard...
Other broker (VantageFX) is going to close all positions (Shorts and Longs) in $EURCHF by 10th of September, no matter what, because of the risks. They are scared of SNB.
  • #1,030
  • Sep 3, 2012 6:39am Sep 3, 2012 6:39am
Quoting Doji Star
JUST GOT THIS MAIL FROM PEPPERSTONE....

Dear Client,


Over the next few days the Swiss National Bank may take measures to intervene with the exchange rate of the EURCHF. Pepperstone does not offer financial advise but we believe that such an event may result in extreme volatility in the EURCHF currency pair. This in turn may cause the market to "gap" significantly. In light of these conditions foreign exchange providers across the globe are adopting leverage reductions on the EURCHF.


Effective immediately Pepperstone will reduce the...
This is fucking scam moving from 1:400 to 1:25 so we have to close position while I trade EURCHF it's slow trades could take a month to bank profits! We got a warning previously over possible gap last months & this never happened & no gapoccured. I have one of my accounts trading EURCHF & use full leverage 1:400 avaible to increase profits when entering at 1.2008 so risk is mostly 10 pips against SNB 1.20 bids while wait for 1.2030 spikes & banking swap to pay for comission. Currently since month's didn't loose a trade & more than doubled traded account as I was very agressive over this. BUT now Pepperstone is so worried so in fact IT kills ALL EURCHF such trades. Seem they are not making money on this.

Just watch razor account last weeks we got a spike below 1.2000 while on edge / dukas 1.2006 only printed the spread in pre-asia moving the bad.

So now for me this a serious issue how you can trade with a broker that can reduce leverage by 8X! We are here moving below Dukascopy week end leverage reduction 1:30 or Dodd Franck/ US leverage 1:50 !

So when Pepperstone move all the whole casino to 1:25?

13
Brokers are angels
  • #1,031
  • Sep 3, 2012 9:24am Sep 3, 2012 9:24am
Quoting ramy3
It's spelled differently in Australian english.
No it's not - Advice is a noun, Advise is a verb - look it up.

Quoting Alpha-Bet
The fact your sentence is nonsensical could be construed as a worry.

As is the fact I spelled the word "your" instead of "you're" in one of my previous posts.

People in glass houses....
I don't recall mixing "your" or "you're" in any posts, but I can tell you I'd never make that mistake in a communication to a client.
  • #1,032
  • Sep 3, 2012 9:30am Sep 3, 2012 9:30am
Quoting TheMaxx
No it's not - Advice is a noun, Advise is a verb - look it up.
Not sure what's up yours, but i was only kidding. Not sure why it would be a worry if a typo got threw anyway.
Fuck Forex Factory.Wake up people.
  • #1,033
  • Sep 3, 2012 9:36am Sep 3, 2012 9:36am
Quoting ramy3
Don't know what's up yours, but i was only kidding. Not sure why it would be a worry if a typo got threw anyway.
I think the Pepperstone product is great, I've recently moved my account to Pepperstone which is why I'm monitoring this thread.

A typo is a worry because it shows a lack of attention to detail - if they're making mistakes in client communications - where else are they making mistakes?
  • #1,034
  • Edited 10:03am Sep 3, 2012 9:43am | Edited 10:03am
Quoting TheMaxx
I think the Pepperstone product is great, I've recently moved my account to Pepperstone which is why I'm monitoring this thread.

A typo is a worry because it shows a lack of attention to detail - if they're making mistakes in client communications - where else are they making mistakes?
I admit they should have proof read it better, but it does not reflect the quality of service they are providing so far. Things like this happen even with the biggest and best companies in any realm of business. It shouldn’t happen but it does, it’s part of life.
Fuck Forex Factory.Wake up people.
  • #1,035
  • Sep 3, 2012 10:22am Sep 3, 2012 10:22am
Quoting TheMaxx
No it's not - Advice is a noun, Advise is a verb - look it up.


I don't recall mixing "your" or "you're" in any posts, but I can tell you I'd never make that mistake in a communication to a client.
I believe Ramy's comment may have been tongue in cheek....

And you wouldn't recall mixing "your" and "you're" because "I" said it....

English lessons over and time for math and counting pips. Where's my abacus...?
  • #1,036
  • Sep 3, 2012 10:44am Sep 3, 2012 10:44am
Quoting Alpha-Bet
I believe Ramy's comment may have been tongue in cheek....

And you wouldn't recall mixing "your" and "you're" because "I" said it....

English lessons over and time for math and counting pips. Where's my abacus...?
"lesson's"
Congratulations ScalaFX for coming out of the closet!
  • #1,037
  • Sep 3, 2012 10:49am Sep 3, 2012 10:49am
Quoting nubcake
"lesson's"
lessons = many. yep.
Fuck Forex Factory.Wake up people.
  • #1,038
  • Sep 3, 2012 10:56am Sep 3, 2012 10:56am
Quoting nubcake
"lesson's"
See, that's why the glazier is always at my glasshouse.
  • #1,039
  • Sep 3, 2012 11:03am Sep 3, 2012 11:03am
http://i.imgur.com/aOAUP.gif

lol..
FXGears.com
  • #1,040
  • Sep 3, 2012 11:06am Sep 3, 2012 11:06am
Quoting Jack_Larkin
[IMG]
lol..
LOL, what a dumb ass, he's not a machine, lol... Dumb ass meant respectfully.
Fuck Forex Factory.Wake up people.
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