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Pepperstone Forex

  • #1,921
  • Feb 17, 2013 1:31pm Feb 17, 2013 1:31pm
Quoting Jack_Larkin
Look here:

https://pepperstone.com/trading-acco...unts-razor.php

Near the bottom there a link that says "See Table of Trading Commission"

Use this to reference what your commission rate would be given your account's currency denomination. Specifically, notice the 'round turn' total.

.. the 'simple' example I gave above is found easily if you are trading a USD quoted currency pair (XXX/USD) and have a USD account. The pip values match off directly against your account's currency.

However, the number/value changes if you...
oh! That is very helpful! Thanks!

I didn't see the table of commission before.

So basically,
Eur/Jpy 607/1249 = 0.5pis
Usd/Jpy 607/934 = 0.65 pips

Eur/Usd 607/ ????????
  • #1,922
  • Feb 17, 2013 1:47pm Feb 17, 2013 1:47pm
Quoting IWBFMa
oh! That is very helpful! Thanks!

I didn't see the table of commission before.

So basically,
Eur/Jpy 607/1249 = 0.5pis
Usd/Jpy 607/934 = 0.65 pips

Eur/Usd 607/ ????????
You're getting it, nearly there.

(I'm now assuming your deposit currency and account are Yen based since I just realized you were from Japan, lol)

So if you're trading 1 standard lot of EUR/USD, the pip value is $10 USD per 1 pip change in the EUR/USD quote for 1 standard lot.

$10 USD = ~¥934.80 (At the rate my MT4 terminal is telling me for USD/JPY)

¥607/¥935 == 0.65 in pip value on EUR/USD with a Yen trading account. (You just made me realize that given the strong change in Yen value in recent months, it appears cheaper to trade on Yen based accounts now vs USD or AUD accounts given Pepper's commission schedule. lol .. cheaper by ~0.1 pips in tick value.)

Or put another way: the EUR/USD would have to move ~0.7 pips (we round up since prices are quoted in 5 decimals, not 6) in your favour from your entry price before the P/L of the trade covers the commission of putting the trade on.
FXGears.com
  • #1,923
  • Edited Feb 18, 2013 5:02am Feb 17, 2013 6:49pm | Edited Feb 18, 2013 5:02am
Yeah!!!!!!!! Where is Monday!!!!
Inserted Video
Fuck Forex Factory.Wake up people.
  • #1,924
  • Feb 17, 2013 10:30pm Feb 17, 2013 10:30pm
  •  larko
  • | Joined Oct 2010 | Status: 99 problems but a pip aint one | 41 Posts
Quoting ramy3
His big mouth, lol
My experience has greatly improved since the outages of a couple weeks ago I'm happy to report.

It took me awhile to get through all the back and forth and agree with Jack... The non constructive comments only make this forum harder for real traders to get past and get good info.
  • #1,925
  • Feb 17, 2013 10:31pm Feb 17, 2013 10:31pm
  •  larko
  • | Joined Oct 2010 | Status: 99 problems but a pip aint one | 41 Posts
Quoting IWBFMa
oh! That is very helpful! Thanks!

I didn't see the table of commission before.

So basically,
Eur/Jpy 607/1249 = 0.5pis
Usd/Jpy 607/934 = 0.65 pips

Eur/Usd 607/ ????????
MYFXbook forex broker spreads have a page which lets you include the commission in the spread when looking at the live spreads.. Just tick the box up top
  • #1,926
  • Feb 18, 2013 12:18am Feb 18, 2013 12:18am
Quoting larko
My experience has greatly improved since the outages of a couple weeks ago I'm happy to report.
http://50.22.104.143/~forum/images/b...-highlight.gif
It took me awhile to get through all the back and forth and agree with Jack... The non constructive comments only make this forum harder for real traders to get past and get good info.
Well thanks to Phil we now know they do make their withdrawal, and big wire transfers. Thats pretty much my main asking point about any broker. I can deal with spread or slippage. But the withdrawals have to be trouble-less and on time. Im here to make money after all !
If you aim for the stars- but miss, you still get the moon...
  • #1,927
  • Edited 5:06am Feb 18, 2013 4:21am | Edited 5:06am
Quoting larko
It took me awhile to get through all the back and forth and agree with Jack... The non constructive comments only make this forum harder for real traders to get past and get good info.
Agree, was just kidding arround a bit and was pretty sure that it would get extracted...
Fuck Forex Factory.Wake up people.
  • #1,928
  • Feb 18, 2013 4:53am Feb 18, 2013 4:53am
Quoting aiming4stars
Well thanks to Phil we now know they do make their withdrawal, and big wire transfers. Thats pretty much my main asking point about any broker. I can deal with spread or slippage. But the withdrawals have to be trouble-less and on time. Im here to make money after all !
You're welcome. I simply refuse to trade with market-maker style brokers because they have a vested interest in trading against me.

Pepper being a STP ECN broker takes away that whole concern. And with them being licensed in Australia, your money is kept in segregated trust accounts audited and accountable under ASIC law.
  • #1,929
  • Feb 18, 2013 6:56am Feb 18, 2013 6:56am
Quoting Alpha-Bet
Phil, who do you use to hedge?
Phil..?
  • #1,930
  • Feb 18, 2013 7:02am Feb 18, 2013 7:02am
Quoting Alpha-Bet
Phil..?
I'm sorry if I missed your question here before; there's been a lot of noise.

Yes, I do use a hedge; per Steve Hopwood's Multi Purpose Trade Manager (MPTM). I refuse to use Stop Losses, and I trade at 2.5 lots/$1,000 equity in my account.

My trading system gives me very accurate entries, and so my hedge is set at 100% at 10 pips. I then close either leg of the hedge at the next trade entry signal that my system gives me.

Once again, sorry for not seeing your question earlier.

Phil
  • #1,931
  • Edited 7:24am Feb 18, 2013 7:13am | Edited 7:24am
Quoting dancingphil
I'm sorry if I missed your question here before; there's been a lot of noise.

Yes, I do use a hedge; per Steve Hopwood's Multi Purpose Trade Manager (MPTM). I refuse to use Stop Losses, and I trade at 2.5 lots/$1,000 equity in my account.

My trading system gives me very accurate entries, and so my hedge is set at 100% at 10 pips. I then close either leg of the hedge at the next trade entry signal that my system gives me.

Once again, sorry for not seeing your question earlier.

Phil
Thanks for the reply.

My question was in regards to specific hedging broker for your outright pepper directional play.

EDIT: OK. I see, all automated transactions via pepper.

Cheers
  • #1,932
  • Edited 10:21am Feb 18, 2013 7:24am | Edited 10:21am
Quoting Alpha-Bet
Thanks for the reply.

My question was in regards to specific hedging broker for your outright pepper directional play.
I hedge all my trades with the brokers I use for my trading, and I only trade with STP ECN's; never market maker brokers.

To not hedge my trades with each broker I use, especially at such large lot sizes relevant to my opening equity runs the risk of destroying my accounts. I cannot imagine how a 3rd party hedge broker makes sense to this.

Pepper is STP ECN, I am never trading against them in the market; they are nothing more than a communications link to the liquidity pool. They do not bust out trades until 80% equity is gone; and so with my trading style I have plenty of room to live with 10 pip hedges with them.
  • #1,933
  • Feb 18, 2013 12:44pm Feb 18, 2013 12:44pm
Enjoy!!!! Fantastic trading day!!!!
Inserted Video
Fuck Forex Factory.Wake up people.
  • #1,934
  • Feb 18, 2013 1:55pm Feb 18, 2013 1:55pm
Quote
Visitor2:45:48 PM
hello, does pepperstone have mt5 for live account?
Pepperstone Live Support2:46:26 PM
At this stage the release date of MT5 is unknown - there are still a number of issues with the software. Metaquotes are currently working on this.
Visitor2:46:43 PM
accept us accounts?
Pepperstone Live Support2:47:23 PM
Sadly US CFTC regulation prevents US clients trading with non US brokers. Pepperstone strictly complies with all International and Australian regulations and thus at present Pepperstone is unable to accept US clients
Visitor2:47:43...

moving on.
~ a US trader
  • #1,935
  • Feb 19, 2013 11:44pm Feb 19, 2013 11:44pm
Got an email today from Pepper:

Quote
[...] Pepperstone is proud to announce the addition of 4 new trading pairs: USDMXN, USDCZK, EURCZK, and GBPTRY.
[...]

They already had some TRY pairs, but now it's spread against the pound.

MXN and CZK are the interesting ones.. might have to watch them a bit and see how they act.
FXGears.com
  • #1,936
  • Feb 20, 2013 7:59am Feb 20, 2013 7:59am
Quoting Jack_Larkin
Got an email today from Pepper:



They already had some TRY pairs, but now it's spread against the pound.

MXN and CZK are the interesting ones.. might have to watch them a bit and see how they act.
New pairs, lol. what for? I have a hard time trading/following 5 at the moment, lol.

Executions tight and no disconnects, yay!
Fuck Forex Factory.Wake up people.
  • #1,937
  • Feb 21, 2013 12:44pm Feb 21, 2013 12:44pm
Quoting ramy3
New pairs, lol. what for? I have a hard time trading/following 5 at the moment, lol.
http://50.22.104.143/~forum/images/b...-highlight.gif
Executions tight and no disconnects, yay!
The answer is simple, new exotic pairs..... to make a lot of commission on the spread
If you aim for the stars- but miss, you still get the moon...
  • #1,938
  • Feb 21, 2013 12:46pm Feb 21, 2013 12:46pm
Quoting aiming4stars
The answer is simple, new exotic pairs..... to make a lot of commission on the spread
LOl, ah that's why. thks
Fuck Forex Factory.Wake up people.
  • #1,939
  • Feb 21, 2013 3:29pm Feb 21, 2013 3:29pm
Direct deposit from Asian group to Pepper account, sweet! No more bs bank and other fees. Haven't asked Pepper or Asian if they charge anything for this.

Please do it for me, lol.
Fuck Forex Factory.Wake up people.
  • #1,940
  • Feb 21, 2013 3:45pm Feb 21, 2013 3:45pm
Hellooooo, anyone here, here, here, here (echo).lol
Fuck Forex Factory.Wake up people.
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