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Pepperstone Forex

  • #1,301
  • Oct 12, 2012 12:14am Oct 12, 2012 12:14am
Quoting Jack_Larkin
Sometimes the depth info doesn't display, or takes a few minutes to populate. I noticed this on mine as an intermittent issue, and was told this helps fix it.
I see, yeah it doesn't work at all for me lol. Now it's working. Thanks for the post!
  • #1,302
  • Oct 13, 2012 8:58am Oct 13, 2012 8:58am
Quoting fxblues
Hey all,

I had one question though: Has anyone had any problems withdrawing large sums from them? Like say if I were to deposit x amount and withdrew my profits that may have grown to 2x or 3x. Anyone experienced any difficulties in withdrawing at all? Thanks!

I have withdrawn $16,000 no problem. Transfer was done the same day I sent request. Funds showed up in my bank 3.5 days later.
  • #1,303
  • Oct 13, 2012 8:13pm Oct 13, 2012 8:13pm
Quoting Freestyler
Hi there fellow canucks, came across this forum by chance, and just wanted to say hello. :-)

I'm currently not with this broker, although their low spread does intrigue me. On the other hand, I do like the security of going with a canadian firm, with the guaranteed fund protection.

Btw, Ramy, did I get this right - are you an Aussie living in QC?
Hi Freestyler,do you know some canadian brokers?what part of canada are you in....
  • #1,304
  • Edited 4:50pm Oct 14, 2012 4:21pm | Edited 4:50pm
Quoting fxblues
Hey all,

I haven't used pepperstone in a while as I went off trading, but back then there were questions about some of their policies. Good to see them being so popular now, as I've always felt they could be great.

I had one question though: Has anyone had any problems withdrawing large sums from them? Like say if I were to deposit x amount and withdrew my profits that may have grown to 2x or 3x. Anyone experienced any difficulties in withdrawing at all? Thanks!

I've had no issues myself, processed it within a business day from when I submit a request then it takes a few days longer (typically 3-4 days in my experience) to hit my account.

I'm in the EDT/EST timezone, so the only real delay is waiting half a day after I submit the request for business hours in Australia to open and they do the processing. Can't blame them for a time difference though

I found Pepper's option to withdrawal by credit card (even if you didn't use the credit card to deposit) to be rather interesting. They can do an 'imbalanced refund' transaction to the credit card for no cost, which I've used to pay off balances at the end of a billing period instead of doing a payment to the CC from my bank (I try to never carry a balance on my CC at month's end.)

I've only ever seen brokers who do credit card withdrawals if you funded by CC (and no more than you funded), so being able to wire a deposit in via your bank, then take small amounts out every so often, with no fees, to your credit card is kinda cool.
FXGears.com
  • #1,305
  • Oct 15, 2012 1:01am Oct 15, 2012 1:01am
I plan to open my first live account with Pepperstone. Im demoing for some time with them and they seem to be a good option.

Could somebody explain how a refund via CC works. I have a Mastercard, where I can spend a certain amount every month. And what I've spent I have to pay from my regular bank account at the end of the month.
So where exactly will my refunded money be put? How do I get to it? If I withdraw 2000$, will my limit be that bigger?

Sorry for the noobish question but Im not versed in those things.
Thoughts are things
  • #1,306
  • Oct 15, 2012 10:23am Oct 15, 2012 10:23am
Hi, i just opened an account with them and will fund it later in the week. I hope there has been no problems with this broker in the past.

Happy trading to all.
  • #1,307
  • Oct 15, 2012 11:21am Oct 15, 2012 11:21am
Quoting joeharley
Do they accept US client?

Go-Market does not.
what in my knowledge I think yes they accept US client.
  • #1,308
  • Edited 7:33pm Oct 15, 2012 7:07pm | Edited 7:33pm
Quoting Quezoy
I plan to open my first live account with Pepperstone. Im demoing for some time with them and they seem to be a good option.

Could somebody explain how a refund via CC works. I have a Mastercard, where I can spend a certain amount every month. And what I've spent I have to pay from my regular bank account at the end of the month.
So where exactly will my refunded money be put? How do I get to it? If I withdraw 2000$, will my limit be that bigger?

Sorry for the noobish question but Im not versed in those things.
Well, your CC credit limit is between you and your bank so do talk to them to get any clarifications. But basically, let's say you owe $500 on your card for that month's expenses, you can do a withdrawal to CC from your account at Pepper for $500 and after it posts to the account your CC balance would be $0.

Your bank probably wouldn't consider this a payment (technically it isn't,) so you might have to do a minimum payment from your bank anyway... but as far as clearing a balance by month's end it works fine. It's a nice feeling to buy a new toy on your card then pay it off that evening with your trading profits.

But again, check with your card provider... my bank in Canada is fine with it, but I have no idea how CC accounts are treated elsewhere.

To do one, either go here:
https://pepperstone.com/clients/withdrawal-form.php

And select "no", then CC.. should list it there.

Or use the form in your client panel login.

Oh, and if you're new to trading, don't even worry about this yet.. focus on consistency over the long term and practice the craft. This can come later..
FXGears.com
  • #1,309
  • Oct 15, 2012 7:11pm Oct 15, 2012 7:11pm
Quoting laven
what in my knowledge I think yes they accept US client.
Last I checked they didn't... but I think there's a way of doing it with an internationally registered corporation (ie, you are a corporate client and setup a business outside the US.)

Don't quote me though, probably want to ask chat support about it.
FXGears.com
  • #1,310
  • Oct 16, 2012 1:43am Oct 16, 2012 1:43am
Quoting Jack_Larkin
Well, your CC credit limit is between you and your bank so do talk to them to get any clarifications. But basically, let's say you owe $500 on your card for that month's expenses, you can do a withdrawal to CC from your account at Pepper for $500 and after it posts to the account your CC balance would be $0.

Your bank probably wouldn't consider this a payment (technically it isn't,) so you might have to do a minimum payment from your bank anyway... but as far as clearing a balance by month's end it works fine. It's a nice feeling to buy a new...
Tnx Jack. Its best I clear that with my bank.
Thoughts are things
  • #1,311
  • Oct 16, 2012 1:58am Oct 16, 2012 1:58am
Hi people, has the spread of your account gone up today?
I see spread of 1.6 on EURUSD which I've never seen before during London open
Have a nice day
  • #1,312
  • Oct 16, 2012 2:13am Oct 16, 2012 2:13am
Me too buddy, my razor account get crazy spread.
  • #1,313
  • Oct 16, 2012 2:33am Oct 16, 2012 2:33am
Quoting billv
Hi people, has the spread of your account gone up today?
I see spread of 1.6 on EURUSD which I've never seen before during London open
my demo acc is normal, around 0.5
Thoughts are things
  • #1,314
  • Oct 16, 2012 3:44am Oct 16, 2012 3:44am
... nothing abnormal at my end (live acc. EDGE-Razor) from 0.1 to 0.5 max
  • #1,315
  • Oct 16, 2012 7:08am Oct 16, 2012 7:08am
Quoting Jack_Larkin
But again, check with your card provider... my bank in Canada is fine with it, but I have no idea how CC accounts are treated elsewhere.
I did that now and after some time spent explaining what I am talking about they have contacted their CC centre and informed me that everything that exceeds my CC limit gets, twice a month automatically or per request, sent to my normal bank account.

No costs from Pepper and no costs from the bank. Sweet.
Thoughts are things
  • #1,316
  • Oct 16, 2012 7:33pm Oct 16, 2012 7:33pm
Spreads seems fine to me. Old razor account current spread 0.3-0.6 on E/U, asia session.

Keep in mind you guys spreads increase in news events, that's probably what you were looking at.
  • #1,317
  • Oct 17, 2012 4:09am Oct 17, 2012 4:09am
Quoting billv
Hi people, has the spread of your account gone up today?
I see spread of 1.6 on EURUSD which I've never seen before during London open
Was there news?

Spreads acting normally for me.

I have noticed that the spread at 5pm (end of day) gets a bit wide. I'm usually flat by then though.
FXGears.com
  • #1,318
  • Oct 17, 2012 10:48pm Oct 17, 2012 10:48pm
Quoting Jack_Larkin
Was there news?

Spreads acting normally for me.

I have noticed that the spread at 5pm (end of day) gets a bit wide. I'm usually flat by then though.
Spreads/quotes all normal this end and I like a good conspiracy.
  • #1,319
  • Oct 18, 2012 2:31am Oct 18, 2012 2:31am
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Trade context is busy

  • #1,320
  • Oct 18, 2012 5:06am Oct 18, 2012 5:06am
Quoting Jack_Larkin
Was there news?

Spreads acting normally for me.

I have noticed that the spread at 5pm (end of day) gets a bit wide. I'm usually flat by then though.
Jack at 5pm (end of day), they have the five minute no-trade window to overcome the reboot of banks' systems as remy (if i am correctly) already comment before (from info from pepperstone); Yesterday I had at that time, "market is closed" errors and noticed then a wider spread in that period.
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