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Pepperstone Forex

  • #2,601
  • May 21, 2014 7:25am May 21, 2014 7:25am
Did pepperstone suitable for big fund? just like 100K..
  • #2,602
  • May 22, 2014 3:40am May 22, 2014 3:40am
Quoting heispark
One drawback: Demo account gets reset after a month.....
You can email customer support and ask for the demo to be changed to non-expiring.
  • #2,603
  • May 22, 2014 3:47am May 22, 2014 3:47am
Quoting TheMaxx
{quote} You can email customer support and ask for the demo to be changed to non-expiring.
Really? Wow, thank you for the good information!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,604
  • May 22, 2014 9:12pm May 22, 2014 9:12pm
New currency pair: USDCNH

Offshore (HK) Chinese Renminbi trading..

https://pepperstone.com/forex-news/t...inese-currency

With China widening the trading bands on the RMB, this should be interesting.
FXGears.com
  • #2,605
  • May 22, 2014 9:37pm May 22, 2014 9:37pm
Quoting 274275025
Did pepperstone suitable for big fund? just like 100K..
I know of a few larger traders using Pepper like that, mostly via managed fund setups, yes... but you'd want to speak with Pepper about setting up a tripartite seg account:

Quote
Segregated Customer Account: Take advantage of our established relationship with Australian banks to setup a segregated tripartite account.
From here:
https://pepperstone.com/clients/active-traders.php

Kinda like a custodial account.
FXGears.com
  • #2,606
  • May 22, 2014 11:52pm May 22, 2014 11:52pm
Quoting Jack_Larkin
{quote} I know of a few larger traders using Pepper like that, mostly via managed fund setups, yes... but you'd want to speak with Pepper about setting up a tripartite seg account: {quote} From here: https://pepperstone.com/clients/active-traders.php Kinda like a custodial account.

I asked servers,told me when balance ≥1 million,can open segregated account in NAB with your own name...
  • #2,607
  • May 23, 2014 12:01am May 23, 2014 12:01am
Quoting Jack_Larkin
New currency pair: USDCNH Offshore (HK) Chinese Renminbi trading.. https://pepperstone.com/forex-news/t...inese-currency With China widening the trading bands on the RMB, this should be interesting.
The spread is too wide (5-8) for me especially if daytrading. If holding for longer watch out for the long swap rate.

I would like to see some indexes on offer, FTSE100, DJ, CAC. I asked a couple of years ago they had no plans to introduce them.
  • #2,608
  • May 27, 2014 9:56am May 27, 2014 9:56am
hey guys, its been a while i didn't come here.

i have a question, i hope one of you can help me with it.

i recently closed one of my bank accounts, turns out it was the one i'v founded my trading account with via credit card.

i haven't been really active on it, i was too busy with college, i'v only traded like 5 times in the past 8 months !, i have about 120$ left in it.

i understand that withdrawing the money from it will not be easy, not that 120$ is allot for me, i can forget about it.

but summer is coming, i'll have much more time to spend on it, and i feel like trading again

my question is, should i open a second mt4 (or Ctrater, looks really nice) account with my other bank account (i understand that pepper allow one client to have multiple accounts) , or can i just found the one that i already have, assuming i canwithdraw later ?

thank you.
i lose money for a living
  • #2,609
  • May 28, 2014 7:20am May 28, 2014 7:20am
You should probably ask Pepper directly about the withdrawal specifics... Like, ask about withdrawal options on your existing account first given your bank account situation... I can't imagine why this would be a problem (withdrawing a sum long after depositing to another account that's also in your own name,) but I'm not an AML policy expert..

That being said, you can always open up a cTrader account from within the client panel and transfer the old account's funds to it.
FXGears.com
  • #2,610
  • May 29, 2014 2:52am May 29, 2014 2:52am
Quoting tylerbose
hey guys, its been a while i didn't come here. i have a question, i hope one of you can help me with it. i recently closed one of my bank accounts, turns out it was the one i'v founded my trading account with via credit card. i haven't been really active on it, i was too busy with college, i'v only traded like 5 times in the past 8 months !, i have about 120$ left in it. i understand that withdrawing the money from it will not be easy, not that 120$ is allot for me, i can forget about it. but summer is coming, i'll have much more time to spend on...
Pepperstone must have asked you to send quite a lot of ID stuff to verify you identity. (Credit card, passport, electronic statement etc.)
Since you can resend these and verify your new credit card, all this shouldn't be a problem!
--I'm a demo newbie, please be cautious.
  • #2,611
  • Jun 6, 2014 8:43am Jun 6, 2014 8:43am
Tylerbose: In my opinion, you should be able to withdraw by wire funds deposited by credit card. The fact that you don't have the card anymore is a common situation, and this has not to prevent you from withdrawing your money (by wire to an account in your own name of course). The main reason why brokers want to return funds to the credit card is if the card was stolen, and the deposit would be cancelled later, when the real owner of the card tells his bank it's not him who made the transaction.

As a Pepperstone customer, I can tell you that they do want that you withdraw on the credit card, if you deposited by card LESS THAN 60 DAYS AGO. But I assume (as they ask the question: Did you credit by card in the last 60 days ?) you can ask for a wire after this period of time without any major problem.

Just know that they charge 20 AUD for wire transfers outside Australia ; (
And, in my opinion and experience, their customer service is far from being they best one I've seen...

So, you can use your $120 to trade, grow it and then withdraw by wire.
  • #2,612
  • Edited 12:56pm Jun 8, 2014 12:28pm | Edited 12:56pm
Thread is dead, bump. Is everyone satisfied? Pretty much just bored, lol. Guess, no news is good news.
Fuck Forex Factory.Wake up people.
  • #2,613
  • Jun 8, 2014 12:31pm Jun 8, 2014 12:31pm
Enjoy!
Inserted Video
Fuck Forex Factory.Wake up people.
  • #2,614
  • Jun 22, 2014 6:29am Jun 22, 2014 6:29am
I just signed up a razor account with them and did a bit of research of my own on the interweb. It seems they have a 'dark past' where they were allegedly a white-label of axi and didn't even have a 'normal' ASIC license number, but later 2012/early 2013 they seemed to have dropped axi and got their own edge server and also got a full asic license number then. They seemed to have f*cked up a bit during the changeover.

I just don't understand why they have so many bad reviews almost everywhere if they are indeed 'the largest fx broker in Australia'.

That said, I have already funded my account and will trade with them for a couple of months and see how things go...
  • #2,615
  • Jul 10, 2014 12:27am Jul 10, 2014 12:27am
just went to donnaforex site. followed link to hft group.com. ic markets are offering a rebate rate of 1.50 per round trip. pepperstones rebate is .80 per round trip. icmarkets use the same new York server as pepperstone. I checked my monthly statement, under commissions paid per mth. if I can nearly half it with ic markets ill save a fortune.
I just signed up with ic markets. ill test it for awhile. maybe pepperstone has a more reliable fibre optic server connection with less dropouts etc during news. ill see.
for certainly pepperstone now never drops out for me during news or ever. but if ic markets doesn't drop out etc during news ill move across to them. I think pepperstone need to at least come close to ic markets 1.50 per lot rebate.
  • #2,616
  • Jul 15, 2014 3:36am Jul 15, 2014 3:36am
just had uk cpi figures. the whole ic market mt4 platform has crashed for 6 minutes now. still not up yet. ic markets may be a disaster going on this. no wonder there offering discount brokerage
  • #2,617
  • Jul 15, 2014 5:59pm Jul 15, 2014 5:59pm
Quoting craig65
just had uk cpi figures. the whole ic market mt4 platform has crashed for 6 minutes now. still not up yet. ic markets may be a disaster going on this. no wonder there offering discount brokerage
Good to know. Thanks.
FF journal: Peaks and Troffs
  • #2,618
  • Jul 22, 2014 9:25pm Jul 22, 2014 9:25pm
This is about a trade that I made recently on EURAUD. The trade in question was a buy stop order that was triggered although the candlesticks on my mt4 shows that price did not go to that level.

I have attached screenshots of my MT4. One is a screenshot of my account history, and the next image is the five minute chart showing price action.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 07232014 - 01:55:29 PM.png Size: 16 KB


Looking at account history, you will see that I had a EURAUD buy stop order (#7615375) at 1.43574. When the news came out, the high of that candlestick was at 1.43498.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 07232014 - 02:00:53 PM.png Size: 17 KB


Soon as I discovered the open long position, I closed that trade rather than risk incurring a bigger loss, or worse, get a margin call if price kept going down. Does anyone know why the buy stop order was filled when it was clearly away from market? I did not see that the spread on EURAUD widen that much during that time.

I have emailed pepperstone support about this issue--waiting for their reply.
"See the ball. Hit the ball."
  • #2,619
  • Jul 22, 2014 9:37pm Jul 22, 2014 9:37pm
Buy Stops are triggered on the ASK quote, not the BID.

Charts are "painted" by the BID quote.

During news, spreads can widen as LPs pull liquidity. The bid in your image was only ~1 pip from your trigger, so I wouldn't be surprised if the ASK quote triggered your order.

You'll likely get a response that the ASK quote did, in fact, hit that price.
FXGears.com
  • #2,620
  • Jul 22, 2014 9:55pm Jul 22, 2014 9:55pm
Thanks Jack--I had a feeling that I should place that buy stop a bit higher.



Quoting Jack_Larkin
Buy Stops are triggered on the ASK quote, not the BID. Charts are "painted" by the BID quote. During news, spreads can widen as LPs pull liquidity. The bid in your image was only ~1 pip from your trigger, so I wouldn't be surprised if the ASK quote triggered your order. You'll likely get a response that the ASK quote did, in fact, hit that price.
"See the ball. Hit the ball."
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