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Pepperstone Forex

  • #2,261
  • Jul 1, 2013 5:59am Jul 1, 2013 5:59am
What is going on with Pepperstone's spreads?

I'm looking at my live Edge and Razor account feed and the Razor spread on EURUSD is 3.4 pips + commission and the Edge spread is 4.3 pips.

If you compare them to every other broker, they have the highest spreads right now. My GO Markets EUR/USD spread is 0.6.

http://www.fxintel.com/

http://www.myfxbook.com/forex-broker-spreads


This is completely unacceptable.
  • #2,262
  • Jul 1, 2013 7:14am Jul 1, 2013 7:14am
eur-usd .4 pips. nothing wrong with pepperstone spreads. the best spreads around. especially on minor pairs like nzd-chf---1.9 pips right now. many brokers have nzd-chf way over 10 pip spreads. .2 pips on euro right now.
  • #2,263
  • Jul 1, 2013 8:34am Jul 1, 2013 8:34am
Quoting craig65
eur-usd .4 pips. nothing wrong with pepperstone spreads. the best spreads around. especially on minor pairs like nzd-chf---1.9 pips right now. many brokers have nzd-chf way over 10 pip spreads. .2 pips on euro right now.

OK, this is important.

I just spoke with Pepperstone support.

Apparently, they are phasing out their old servers, so there's less banks connected to them, so the spreads are higher for customers still connected to the old servers.

Older customers need to manually upgrade their accounts for the new servers. (it seems to me that this should have been done automatically, and not left for clients to figure out on their own)

Here is the page where people with older accounts need to upgrade. They said it takes one day - https://pepperstone.com/trading-accounts/edge.php
  • #2,264
  • Jul 1, 2013 8:43am Jul 1, 2013 8:43am
sorry I misunderstood. im using the edge server
  • #2,265
  • Edited 9:03am Jul 1, 2013 8:47am | Edited 9:03am
Quoting craig65
sorry I misunderstood. im using the edge server
No worries. I just couldn't understand why the spreads where so high. GBP/JPY spread is 6 pips at the moment on my account. lol

At least it's sorted.
  • #2,266
  • Jul 1, 2013 9:27am Jul 1, 2013 9:27am
Hi Luther.
Thanks for that. Yes, I noticed my EURJPY spread was 3.8 and GBPJPY was 4.2! I have a Razor acc with Pepperstone. I was happy with the spreads so didn't bother 'upgrading' to Edge when they recommended it. Gonna see how far I get with https://pepperstone.com/trading-accounts/edge.php

Many pips to you...
  • #2,267
  • Jul 1, 2013 9:32am Jul 1, 2013 9:32am
What's worrying me is that there wasn't any correspondence notifying traders (edge or razor) w.r.t. what was going on.
  • #2,268
  • Jul 1, 2013 11:37pm Jul 1, 2013 11:37pm
Problem sorted! Upgrade to EDGE at https://pepperstone.com/trading-accounts/edge.php worked like a charm...and in less than 24 hours too. Back to decent spreads!
EURUSD spread = 0.4
  • #2,269
  • Jul 2, 2013 12:06am Jul 2, 2013 12:06am
Quoting Doji Star
Problem sorted! Upgrade to EDGE at https://pepperstone.com/trading-accounts/edge.php worked like a charm...and in less than 24 hours too. Back to decent spreads! EURUSD spread = 0.4
Same here. My upgrade just went through. Spreads are back to normal.
  • #2,270
  • Jul 2, 2013 6:10pm Jul 2, 2013 6:10pm
Quoting vash021
what is the difference between mt4 and ctrader? I used them both I actually like ctrader just because of the smoothness of its looks

Well, they are different software and different backends.

Both have nearly the same features.

CTrader is newer than MT4.

CTrader offers depth of market built-in, has a web-version out of the box, and a few other features that MT4 needs 3rd party additions to meet.

But since CTrader is newer, there are less community sourced scripts / indicators / algos, etc.. to be found online.

In the end, you can always try both and stick with what you like best. Of course, it's easier to try both once Pepper launches CTrader.. )
FXGears.com
  • #2,271
  • Jul 3, 2013 5:18am Jul 3, 2013 5:18am
Quoting Jack_Larkin
{quote} Well, they are different software and different backends. Both have nearly the same features. CTrader is newer than MT4. CTrader offers depth of market built-in, has a web-version out of the box, and a few other features that MT4 needs 3rd party additions to meet. But since CTrader is newer, there are less community sourced scripts / indicators / algos, etc.. to be found online. In the end, you can always try both and stick with what you like best. Of course, it's easier to try both once Pepper launches CTrader.. )
I am also really waiting for it. The "gold" really would be cTrader and MT4 using the same "account" - managing positions with any app - but really doubt that :|

Diogo
  • #2,272
  • Jul 8, 2013 12:56pm Jul 8, 2013 12:56pm
Quoting Luther
{quote} OK, this is important. I just spoke with Pepperstone support. Apparently, they are phasing out their old servers, so there's less banks connected to them, so the spreads are higher for customers still connected to the old servers. Older customers need to manually upgrade their accounts for the new servers. (it seems to me that this should have been done automatically, and not left for clients to figure out on their own) Here is the page where people with older accounts need to upgrade. They said it takes one day - https://pepperstone.com/trading-accounts/edge.php...

I only just noticed my spreads are so high and e-mailed support and came here to see if anyone else was getting very high spreads for their Razor account.


Eur/Usd 0.1 - 1 pips I am being offered 3.4 pips now.
Aud/Usd 0.1 - 1.9 I am being offered 3.5
Eur/Aud 0.1 - 2.1 I am being offered 4.4
Gbp/Aud 0.3 - 4 I am being offered 5.1


Pity they did not send out an email to clients.


To transfer over to the Edge server do I need to close all my open positions?
  • #2,273
  • Jul 15, 2013 7:08am Jul 15, 2013 7:08am
Hey, Bogus, CindyXXX, PipCruiser, Patience, Diogo, j4d, nubcake, buma, cocov and others I liked. New forum here. It is still in it’s infancy, but would love to see you guys there!

http://fxgears.com/forum/



Cheers!


Would really appreciate some of you being kind enough to PM these guys for me about this. Thks

P.S. Giving this post about 1 hrs before it gets deleted, lol. Grab it quick while it is still available, lol.

Inserted Video
Fuck Forex Factory.Wake up people.
  • #2,274
  • Jul 15, 2013 9:58am Jul 15, 2013 9:58am
Quoting ramy3
Hey, Bogus, CindyXXX, PipCruiser, Patience, Diogo, j4d, nubcake, buma, cocov and others I liked. New forum here. It is still in it’s infancy, but would love to see you guys there! http://fxgears.com/forum/ Cheers! Would really appreciate some of you being kind enough to PM these guys for me about this. Thks P.S. Giving this post about 1 hrs before it gets deleted, lol. Grab it quick while it is still available, lol. http://www.youtube.com/watch?v=OAmJ4aWXEHc
Rodger that ramy, talk to you soon bud

Forex Factory AKA Ziplining

Inserted Video


Just jokes FF you know I love you haha
Time hides Nothing
  • #2,275
  • Edited 12:45pm Jul 15, 2013 12:28pm | Edited 12:45pm
Quoting CindyXXXX
{quote} Rodger that ramy, talk to you soon bud Forex Factory AKA Ziplining http://www.youtube.com/watch?v=ONyjjHN1SPA Just jokes FF you know I love you haha
Lol. Sweet Cindyxxxx! Sorta miss you guys! Can't PM you, i am still in jail, lol.

Cheers!
Fuck Forex Factory.Wake up people.
  • #2,276
  • Edited 10:43pm Jul 15, 2013 8:03pm | Edited 10:43pm
Quoting ramy3
Hey, Bogus, CindyXXX, Pips_Cruiser, Patience, Diogo, j4d, nubcake, buma, cocov and others I liked. New forum here. It is still in it’s infancy, but would love to see you guys there! http://fxgears.com/forum/ Cheers! Would really appreciate some of you being kind enough to PM these guys for me about this. Thks P.S. Giving this post about 1 hrs before it gets deleted, lol. Grab it quick while it is still available, lol. http://www.youtube.com/watch?v=OAmJ4aWXEHc
Well look who dropped by. Mr. Commercial member himself. I hope you're doing well, and still romancing Miss Markets.

Inserted Video
  • #2,277
  • Jul 15, 2013 8:37pm Jul 15, 2013 8:37pm
Quoting ramy3
Hey, Bogus, CindyXXX, PipCruiser, Patience, Diogo, j4d, nubcake, buma, cocov and others I liked. New forum here. It is still in it’s infancy, but would love to see you guys there! http://fxgears.com/forum/ Cheers! Would really appreciate some of you being kind enough to PM these guys for me about this. Thks P.S. Giving this post about 1 hrs before it gets deleted, lol. Grab it quick while it is still available, lol. http://www.youtube.com/watch?v=OAmJ4aWXEHc

Hey mate! I'll pop by and check it out. Hope tradings going well for you.
FF journal: Peaks and Troffs
  • #2,278
  • Edited 8:14am Jul 16, 2013 6:01am | Edited 8:14am
Quoting Pips_Cruiser
{quote} Well look who dropped by. Mr. Commercial member himself. I hope you're doing well, and still romancing Miss
Quoting bogus
{quote} Hey mate! I'll pop by and check it out. Hope tradings going well for you.

Doing Great guys,thks! Hope all is well on your ends. As mentioned it is a startup. But the quality of members so far is pretty topnotch. See y'a soon.

Happy to hear from you guys again!

Oh, and I started a music thread, lol.


Cheers!
Fuck Forex Factory.Wake up people.
  • #2,279
  • Jul 16, 2013 7:07am Jul 16, 2013 7:07am
Quoting ramy3
{quote} Lol. Sweet Cindyxxxx! Sorta miss you guys! Can't PM you, i am still in jail, lol. Cheers!
Got it bookmarked Ramy I'll drop in sometime. Cheers
Time hides Nothing
  • #2,280
  • Jul 16, 2013 10:58am Jul 16, 2013 10:58am
Quoting ramy3
{quote} {quote} Doing Great guys,thks! Hope all is well on your ends. As mentioned it is a startup. But the quality of members so far is pretty topnotch. See y'a soon. Happy to hear from you guys again! Oh, and I started a music thread, lol. Cheers!
I'll check it out . . .
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