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Pepperstone AU accounts being moved to Pepperstone UK 0 replies

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Pepperstone Forex

  • #2,421
  • Oct 26, 2013 7:39pm Oct 26, 2013 7:39pm
Quoting seaman2
I think they moved gomarkets accounts to pepper as it is same owner. find it strange they are ahead of dukascopy which is clearly better broker with tons of security built in. these guys only need 500k to operate. this is level of protection in AU. you sure this table is reliable ?
I thought GoMarkets was connected to VantageFX, not Pepper... ? Never heard of Go and Pepper being owned by the same person before.

Capital requirements will be a minimum of $1 million AUD and 10% of revenue in liquid assets come January. Pepper's CEO was quoted saying he actually wants the levels higher than that, and many brokers are keeping more than the minimum out of policy. (Quoted from here.)

As for how reliable the figures are.. ForexMagnates seems to be convinced after Pepper disclosed their volume statements.

Plus, consider this: Pepper wants to go public, or be acquired, and have been drumming up suitors for this... making a false claim now would be silly, since the truth would be easily seen during the due diligence period of an acquisition, or in the due diligence of the investment bank who takes them IPO. (Understand, if an investment bank takes them IPO and misrepresents any material facts about their financials, they'd be liable, so they are going to rip through everything the best they can to make sure it's all accounted for... so Pepper would be insane to misrepresent themselves now only to have different numbers show up on a prospectus by the investment bank, or risk being called out by a company who was considering them as an acquisition.)

Just my opinion and observation..
FXGears.com
  • #2,422
  • Oct 27, 2013 12:50am Oct 27, 2013 12:50am
something does not seem right with these figures.

as a client of GO, was bombarded with emails to join pepper.

this all seemed fishy so I walked away.

you may be surprised that investor (with other people money) that will take over, may have equity in pepper. would not be first time this type of things happen in au.

so, would not worry about audit, etc.
  • #2,423
  • Oct 27, 2013 3:47am Oct 27, 2013 3:47am
I am getting faulty results when backtesting EA on pepperstone platform.
Anyone else have the same issue?
  • #2,424
  • Oct 27, 2013 3:55am Oct 27, 2013 3:55am
Quoting IWBFMa
I am getting faulty results when backtesting EA on pepperstone platform. Anyone else have the same issue?
Probably because you're trying to backtest over the weekend (if you're referring to testing today) and MetaTrader (by default) takes the last known spread just before trading ended for the week and assumes that's the spread during all trades in your backtest.

It's a MetaTrader thing.. you can manually set the spread to any given value you'd like in the strategy tester window before the test, but leaving it at 'current' makes it assume the closing spread is what you desire... and of course, the last tick just before the trading week closed will not have typical spreads shown.

Hope that helps.
FXGears.com
  • #2,425
  • Oct 27, 2013 4:07am Oct 27, 2013 4:07am
Quoting Jack_Larkin
{quote} Probably because you're trying to backtest over the weekend (if you're referring to testing today) and MetaTrader (by default) takes the last known spread just before trading ended for the week and assumes that's the spread during all trades in your backtest. It's a MetaTrader thing.. you can manually set the spread to any given value you'd like in the strategy tester window before the test, but leaving it at 'current' makes it assume the closing spread is what you desire... and of course, the last tick just before the trading week closed...
Yes, I tested today, but the issues is not the spread but the calculation of take profit. It does not calculate the TP correctly. Other, broker does not give me the same problem. I will test it on Monday and see if its a weekend thing.
  • #2,426
  • Oct 27, 2013 5:44pm Oct 27, 2013 5:44pm
They should stop talking should stop talking and release their audited financial statements. They are comparing themselves to Saxo Bank, Alpari and Oanda all of these brokers make their audited financials available on their website or on request and none of these brokers are listed on any exchange.

The general consensus seems to be that they are pulling of PR stunts to make themselves appear as financially stable and secure. They are trying to avoid providing their audited financials, hoping potential clients will believe what the journalists write online regarding IPO's etc.

It makes perfect sense for them to pull of these sorts of media stunts especially when they are trying to attract Chinese and Japanese clients. These are the sort of clients that like to know they are dealing with a big broker. Sadly we have no evidence of Pepperstone being a big broker, they don’t provide their audited financials, provide questionable volume numbers to Forex Magnates and numbers that don’t even add up to the Wall Street Journal (just read the comments).

It would be prudent for anyone looking to deal with them to do their due diligence and ask for a copy of their audited financials before sending them your hard earned cash. Brokers like Saxo, Oanda and IG Markets make this information available on their website for people to asses their creditworthiness.

As we don’t know much about Pepperstone except some PR puffery, assessing their balance sheet will asset you in determining the counter-party credit risk of dealing with this broker.

Do your homework and have a read of this article:

http://www.leaprate.com/forex-indust...real-deal.html
  • #2,427
  • Nov 1, 2013 1:55am Nov 1, 2013 1:55am
Another clear trade before profit

On Oanda highest price is 109.717, a trade of my friend on Oanda isn't hit SL and now profit
If my trade still in market i already hit my TP
Attached Image (click to enlarge)
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  • #2,428
  • Nov 3, 2013 8:30pm Nov 3, 2013 8:30pm
Anyone else having trouble with the connection today?
FF journal: Peaks and Troffs
  • #2,429
  • Nov 3, 2013 8:36pm Nov 3, 2013 8:36pm
Quoting bogus
Anyone else having trouble with the connection today?
I spoke with support on live chat they are having connection issues right now... And just when I applied for an account with them too. How often do they have connection issues?
  • #2,430
  • Nov 3, 2013 8:37pm Nov 3, 2013 8:37pm
Quoting bogus
Anyone else having trouble with the connection today?
Yeah, not able to login even. Keeps saying no connection.

Quote
How often do they have connection issues?

First time ever for me and I am with them for about 1.5 years.
  • #2,431
  • Nov 3, 2013 8:38pm Nov 3, 2013 8:38pm
Quoting maflip
{quote} I spoke with support on live chat they are having connection issues right now... And just when I applied for an account with them too. How often do they have connection issues?
Chart is not moving for almost an hour now...
Attached Image (click to enlarge)
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  • #2,432
  • Nov 3, 2013 8:59pm Nov 3, 2013 8:59pm
Quoting maflip
{quote} I spoke with support on live chat they are having connection issues right now... And just when I applied for an account with them too. How often do they have connection issues?

Sorted now. They are pretty good generally.
FF journal: Peaks and Troffs
  • #2,433
  • Nov 3, 2013 9:04pm Nov 3, 2013 9:04pm
Quoting maflip
{quote} Chart is not moving for almost an hour now... {image}

I think you should re-login again, when you get no connection from them. I often do this and it connect.
Keep learning until you die :-)
  • #2,434
  • Nov 3, 2013 9:24pm Nov 3, 2013 9:24pm
Quoting trihhnguyen
{quote} I think you should re-login again, when you get no connection from them. I often do this and it connect.
It's moving now but chart is lagging compared to other brokers.
  • #2,435
  • Nov 3, 2013 9:27pm Nov 3, 2013 9:27pm
Quoting bogus
{quote} Sorted now. They are pretty good generally.
Ok I hope so

And thanks
  • #2,436
  • Nov 10, 2013 11:27pm Nov 10, 2013 11:27pm
Is anyone using the Metatrader 4 app on an Iphone 3 with Pepperstone? Mine stopped working with the recent new version and I get a pop up saying phone is incompatible due to new graphics requirements.
Looking like new phone time but I havent seen any postings on this so wondering ifthere is an easy fix?

thanks

L
All that matters is winning the week
  • #2,437
  • Nov 11, 2013 12:35am Nov 11, 2013 12:35am
Quoting lindsayf
Is anyone using the Metatrader 4 app on an Iphone 3 with Pepperstone? Mine stopped working with the recent new version and I get a pop up saying phone is incompatible due to new graphics requirements. Looking like new phone time but I havent seen any postings on this so wondering ifthere is an easy fix? thanks L
If MetaQuotes still allows old versions of the app to connect, then maybe you can revert to the older version through iTunes... apparently that's now possible:

http://www.infoq.com/news/2013/09/pr...sion-ios-apps/

I used to use an iPhone 3G, but like you, I found that apps were quickly being updated to require iOS versions my phone didn't support, so I went Android.

--

Alternatively, you can check out the HTML5 mobile phone version of Sirix that Pepper also has: (go to this link from your phone)
https://mobiletrader.pepperstone.com/

There's an "app" version of this also on iTunes but it might give you the compatibility error:
https://itunes.apple.com/us/app/pepp...3095?ls=1&mt=8

The "app" version is the exact same thing as the web link.. so if the web link works form safari on your mobile then you're set.

... It ain't MetaTrader 4 Mobile, but in a pinch you can at least manage your trades on your phone.

Anyhoo, hope that helps.
FXGears.com
  • #2,438
  • Nov 13, 2013 6:32am Nov 13, 2013 6:32am
Just an update for non-clients / who do not received the email.

Received the invite email from pepperstone to "to this week's Middle East North Africa (MENA) Forex Expo in Dubai at the Jumeirah Beach Hotel".
cTrader is coming along.. "We invite all clients and traders in the region to come and join us on Thursday and Friday (14-15 November) this week to talk currencies and witness the release of our new trading platform, cTrader."
  • #2,439
  • Nov 17, 2013 11:04pm Nov 17, 2013 11:04pm
Hi guys i have a problem here.

Recently i made my first withdrawal into my "credit card". The problem is that my mastercard is only a debit card. I had chose the option "wire transfer to credit card" using my debit/mastercard number, and the transaction is approved. Now where is my withdrawal amount? is it inside my credit card which i have not applied?
  • #2,440
  • Nov 18, 2013 12:54am Nov 18, 2013 12:54am
Quoting diediex
Hi guys i have a problem here. Recently i made my first withdrawal into my "credit card". The problem is that my mastercard is only a debit card. I had chose the option "wire transfer to credit card" using my debit/mastercard number, and the transaction is approved. Now where is my withdrawal amount? is it inside my credit card which i have not applied?
It can take 4 days to your credit card for the first time. In my location, it takes 5-10 days to my card or my bank account.
Keep learning until you die :-)
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