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Pepperstone AU accounts being moved to Pepperstone UK 0 replies

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Pepperstone Forex

Quoting Crazy-Trader
{quote} That simply means all brokers use the same dodgy stuff steal us.
Yes, and Boston Technologies helps them with the "virtual dealer plug-ins" to do that.

If one has enough funds and a solid strategy, it is much better to trade the regulated Futures markets.
Bit dissapointed in Pepperstone today. Had a few selling orders on GBP/USD before numbers came out. Now I am working with Razor edge in order to keep my spreads the lowest they can be. Yet somehow my SL got triggered a whole 2.2 pips above the actual market price. People that think this is a small proportion keep in mind that the MIN/MAX average is 0.1-1.1 for GBP/USD on razor edge. You pay commisions for a reason and price should therefore never spike x2 the max average, never happened during news also. I mailed trade investigation and see what they can tell me about this. I would only allow it to be a loss if the average would be 1.1, not the MAX average.

http://oi60.tinypic.com/295z638.jpg
Quoting Robertk
You pay commisions for a reason and price should therefore never spike x2 the max average, never happened during news also.
I just set up my Indicator that records the maximum spread of the day. In less than 10 minutes, the highest recorded on gbpusd is 3.4 pips ! There no news, market is quiet now. It's 2.0 pips on eurusd so far.

So the smart ECN Pepperstone claims to get tigh spread... It appears it's true because 99% of the time if you look at it, you will see it's 0.5 pips and you are happy. Their liquidity provider keep cheating all the time.

You would be surprised to see the record on razor account for high impact news.
$10K Live Account... 3 months investor testing!
Quoting Crazy-Trader
{quote} I just set up my Indicator that records the maximum spread of the day. In less than 10 minutes, the highest recorded on gbpusd is 3.4 pips ! There no news, market is quiet now. It's 2.0 pips on eurusd so far. So the smart ECN Pepperstone claims to get tigh spread... It appears it's true because 99% of the time if you look at it, you will see it's 0.5 pips and you are happy. Their liquidity provider keep cheating all the time. You would be surprised to see the record on razor account for high impact news.
Then their website is providing missleading information because you simply cannot call it MAX-average if the spread is actually overshooting 2,2+ occasionaly (two times the MAX norm)
On a sidenote, what indicator are you using to check this?
Quoting Robertk
{quote} Then their website is providing missleading information because you simply cannot call it MAX-average if the spread is actually overshooting 2,2+ occasionaly (two times the MAX norm)
Actually quoting myself here.. I suppose they calculated it in a simple way of 2.2 being the max of 1.1 before their information gets invalidated. Thats kind of stupid and totally missleading if you ask me. Also, you are sure regarding a recorded 3.4 pips spread, was this on razor or normal?
Quoting Robertk
On a sidenote, what indicator are you using to check this?
yes it's based on razor account.

I use one of my Indicator that checks spread.

  1. It indicates the actual spread: it says now 0.6 for gbpusd
  2. It stores the highest spread recorded for each day. This data will be updated only when spread gets higher from the last high recorded.
  3. I have restarted the test since 2 minutes and now the max spread is 0.8 pips.

$10K Live Account... 3 months investor testing!
Max average, lol. What I guess it means is take the maximum spread all the time and make the average of this values. But on what periods is this calculated for the "maximum spread" ?
Means not much without a clear explanation of what it refers to.

Edit: But in no way does it refer to a maximum, as it's only an average
Quoting Mevo
Max average, lol. What I guess it means is take the maximum spread all the time and make the average of this values. But on what periods is this calculated for the "maximum spread" ? Means not much without a clear explanation of what it refers to. Edit: But in no way does it refer to a maximum, as it's only an average
Yeah, therefore I call it missleading. I mean, and this is quoted from their website: "min/max average 0.1-1.1" . So what the hell does this mean? A min average of 0.1 does not exist because the spread will never be zero. Its not a min-max 0.1-1.1 either because spreads of 2.2-3.5 are apparently often reported.

On a non-ECN non-commision broker I would not care, but their whole marketing strat en customer base of razor clients is based on the lowest spreads, ideal for scalping small proportions so to speak. What happened today is the total opposite of what they promised.
Quoting Robertk
{quote} On a non-ECN non-commision broker I would not care, but their whole marketing strat en customer base of razor clients is based on the lowest spreads, ideal for scalping small proportions so to speak. What happened today is the total opposite of what they promised.
It's what i'm saying, 99% of the time, spread will be very tight (in fact when no action takes place in market)
See after 30 minnutes, the highest spread recorded is still 0.8 on gbpusd.
That means conditions for scalping is fine while this time.
Spread will widen at news events mainly but NOT only.

But for the 1% of the time, they will depend on liquidity provider as any other brokers. For some news, spread can reach 10 pips on majors pairs on ecn razor.
Any retail fx brokers can't promise 0.5 pips spread 100% of the time... that's the part of the game.
$10K Live Account... 3 months investor testing!
3.6 pips now!
$10K Live Account... 3 months investor testing!
Quoting Robertk
On a sidenote, what indicator are you using to check this?
MAXS is the maximum spread recorded for the day. It happens everyday at midnight (Europe time zone) while US session is closed and Asian hasn't started.

You can see it's razor account as actual spread is tigh. Don't scalp at that time : )

https://charts.mql5.com/5/672/audusd...cial-pty-3.png
$10K Live Account... 3 months investor testing!
You missed out AUD/NZD.

I used to like trading that pair but the spreads would widen to ridiculous proportions at times so I leave it alone now.

It's alright for people and Pepperstone to say do not trade illiquid pairs or out of peak hours or use orders but I want to trade whatever pair I want, when I want to and how I want to without restrictions or getting penalised.
Do any of you Pepperstone users also use Cashbackforex?

What do you think about the e-mail CBF sent regarding the changes in the way the rebates will be paid after this weekend?
Pepperstone is among one of the Scam brokers. Their ECN account is fake. I had Standard Account for one year and switched it to ECN account.

On 29.09.2014, I sold USD/SGD. The normal spread was 2~3 pips. At 23:59 hours they purposefully widened their spread and taken out my SL which was 13 pips away. The price did not even go near the SL but they had taken the SL. At the time of hitting SL, the Spread was wooping 27.8 pips for USD/SGD.

They suddenly widen their Spread and hunting the SL.

Beware of this Scam broker or you will get hurt. Luckily I had small account with them.
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Iv used pepperstone in the past, and currently use them.

No issues at all, just had 200k in limit orders filled @ 109 trading U/jpy during NFP reports.. I'v even had positions that were half a point away from being filled, and NEVER were touched.. thank god because they reversed hard in a few cases.. lol



no funny business here.
this broker seems to be doing some shaddy business, lol...

http://forexmagnates.com/exclusive-p...rows-imminent/
I believe the word you want is shady. And I fail to see how withdrawing from the Japanese market is a shady move. They are simply withdrawing from that market citing not having a license under JFSA. Why would repositioning your company in the international market be considered a shady move?
What the hell is this?

Gold
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Comparing to Dukascopy
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Simplicity is the ultimate sophistication - Leonardo da Vinci
It looks like their time us up and law got the better of these clowns:

http://www.asic.gov.au/asic/asic.nsf...t?opendocument

I also read somewhere that they were not trying to push all of their business into a dodgy New Zealand based company.
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