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Pepperstone Forex

  • #2,821
  • Feb 5, 2015 10:57am Feb 5, 2015 10:57am
Quoting Mevo
Hi Bodyguard, I have personnally been with Pepperstone in the recent past and have been pretty satisfied in term of trading (execution, slippage, and so on) I didn't find their customer suport very good, but not that bad, and only dealt once with them, so hard to judge. Now, and it amazes me I don't read much about this, concerning the 15 january, there have been 2 main issues with BAD brokers imo: 1) The fact that some just SHUT DOWN everything on CHF pairs, with 3 consequences: - Nobody could open new trades in CHF pairs and benefit from the situation,...

Hello Mevo,

Your reply to my question was the best and most explanatory I have received so I Thank you for that.

You have a very interesting way of looking at the situation and one that I am also amazed no one else pointed out.

Moving forward I will look at that data before making a final decision on what broker to use.

The Problem with IB is the leverage afforded is to low 50:1

My trading style requires 100:1

That being said I am in Talks with London Capital Group http://www.lcgfx.com/

As they seem to offer as close to my original broker BT Primes product as I can find

I have done extensive searches on them as well as the new CEO Charles-Henri Sabet

I find alot of good Information on them.

But it seems that even before Jan 15th they were in financial trouble that required a capital injection.

And they also sustained losses from the SNB situation

http://www.londoncapitalgroup.com/re...franc-movement

That being said it is a public company so financials are readily available

And it is regulated london capital group FCA # 182110

It has also been restructured and appears on track to rebound from its prior financial issues

http://forexmagnates.com/london-capi...-quarter-2014/

I will be receiving a demo account shortly and will look at the 1 Min data for EUR/CHF & USD/CHF for January 15th to see how it was handled.

Do you have any knowledge of this Company?

If so your opinion would be appreciated.
  • #2,822
  • Feb 5, 2015 11:07am Feb 5, 2015 11:07am
Thanks Bodyguard,

No, I only know LCG by name, but I don't have any experience/knowledge of them.
It seems they offer some MT4 accounts and offer some prime brokerage to access big platforms like EBS, FxALL, Currenex... Which one are you going for ?

I am really interested to have the datas we spoke about for platforms like EBS, FxAll and Currenex if your demo let you access that. Please send me a private message if you manage to get screenshots of that.
  • #2,823
  • Feb 5, 2015 11:17am Feb 5, 2015 11:17am
Quoting Mevo
Thanks Bodyguard, No, I only know LCG by name, but I don't have any experience/knowledge of them. It seems they offer some MT4 accounts and offer some prime brokerage to access big platforms like EBS, FxALL, Currenex... Which one are you going for ? I am really interested to have the datas we spoke about for platforms like EBS, FxAll and Currenex if your demo let you access that. Please send me a private message if you manage to get screenshots of that.

Im going for the MT4 for now but can definitely Demo the others as well.

I will PM you the Info

Should have the Demo's by tomorrow.

Where do you think I could get some more info on London Capital Group?

Would ultimately love to talk to someone who trades or has Traded with them

I would start a thread on FF but people here either don't know or are hesitant to share information.

More that likely its the former but either way I wont get any usable information so whats the point.
  • #2,824
  • Feb 5, 2015 12:08pm Feb 5, 2015 12:08pm
Yes, please go look at those littlte candles to see if they line up and you will be able to tell if the broker misbehaved, lol, fuck me. Education is in order..

So to recap, your willing to go with a broker that has had financial difficulties recently because they are publicly traded, which to you is a good idea, lol. FXCM come to mind?

Forum people will never cease to amaze me.

Good luck to you, and let's keep this thread about Pepperstone.

You two just made my day, thks.

Ramy3
Fuck Forex Factory.Wake up people.
  • #2,825
  • Feb 5, 2015 5:07pm Feb 5, 2015 5:07pm
Quoting ramy3
Yes, please go look at those littlte candles to see if they line up and you will be able to tell if the broker misbehaved, lol, fuck me. Education is in order.. So to recap, your willing to go with a broker that has had financial difficulties recently because they are publicly traded, which to you is a good idea, lol. FXCM come to mind? Forum people will never cease to amaze me. Good luck to you, and let's keep this thread about Pepperstone. You two just made my day, thks. Ramy3

I'm glad that this discussion is amusing you.

Its funny how you'll post something in regards to the conversation between me an Mevo.

But when I called you out on your bullshit cop out answer "All the information needed about this broker is within this thread" you stay quiet as a mouse.

Be condescending to someone else. I know your better than the rest of us because in your mind you've got "seniority" over the rest of us peasants who know nothing.

And should spend the next 3 years pouring over all the threads in FF history before we dare ask a question to an FX God like yourself.

You know because we might make you type out an answer and that would be to hard. But wait your the guy who loves to type the proof of that is the very same 825

posts that give you your perceived seniority.

Another guy on this forum who has over 800 posts is a "commercial member" and your main goal in life is to prove your smarter than the next guy on this forum.

Rather than trying to help the next guy make a more informed decision.

There is a good amount of negative information about pepperstone but in your mind its fine. So that's gospel

Let me ask you genius - Why in the world would you demo a broker before opening an account?

You "demo" a broker before you use them because the demo environment is very telling as to what you will receive when going live.

Unnecessary price gaps , spikes , freezing slipping etc.

If you see this in a "demo" then bet dollars to donuts in a live Trading account you will get more of the same.

And those "little Candles" you are so dismissive of mean the WORLD to a Trader.

Because that is your WORLD. Those candles are what your staring at day in day out to make money.

While we're at Fuck a little thing called support and resistance. Who needs it?

And Yes Id rather be with a publicly traded company that is regulated in the UK not Austrailia

I would have been much better off with FXCM than I was with BT Prime.

But what do I know I'm just part of the stupid "forum people" you speak of

Oh and Thank you for your permission to keep the pepperstone thread open El Jefe

And take that condescending tone and stick it where the sun don't shine my Man.
  • #2,826
  • Edited 11:31pm Feb 5, 2015 11:18pm | Edited 11:31pm
Quoting TheBodyguard
{quote}But when I called you out on your bullshit cop out answer "All the information needed about this broker is within this thread" you stay quiet as a mouse...
Oh so that's what calling out is. Guess i missed it. As i said, good luck to you. Have a fealing you will be needing it.

All the best,

Ramy3
Fuck Forex Factory.Wake up people.
  • #2,827
  • Feb 5, 2015 11:50pm Feb 5, 2015 11:50pm
Hello fellow traders at pepperstone,

I have an issue with withdrawal.

It is my first time that I have used a debit card for withdrawing,funds were processed and I got the confirmation email of withdrawal advice on 28/1/2015.
Can anyone tell me why it is taking too long to reach as today is the 8th working day that is passing.

Regards
Skat
  • #2,828
  • Edited 2:29am Feb 6, 2015 2:02am | Edited 2:29am
Quoting Skat
Hello fellow traders at pepperstone, I have an issue with withdrawal. It is my first time that I have used a debit card for withdrawing,funds were processed and I got the confirmation email of withdrawal advice on 28/1/2015. Can anyone tell me why it is taking too long to reach as today is the 8th working day that is passing. Regards Skat
Never took me that long, but never used debit to withdrawl. You're best bet would be to contact support and your bank.

http://www.forexfactory.com/showthre...03#post7096103 # 2441. Imagine it applies to debit as well.
Fuck Forex Factory.Wake up people.
  • #2,829
  • Feb 6, 2015 2:43am Feb 6, 2015 2:43am
Quoting ramy3
{quote} Never took me that long, but never used debit to withdrawl. You're best bet would be to contact support and your bank. http://www.forexfactory.com/showthre...03#post7096103 # 2441. Imagine it applies to debit as well.
Thank You ramy,

I just contacted them, they sent me the details like bank transaction ID etc and mentioned that ''As this has to be processed as an "unmatched refund" where original deposit was not exist, hence it may take longer''

and in thread link you sent me,he is from vietnam and he said it takes 5-10 days to reach in location like his/in asia.

My bank says they have not received anything to date,looks like need to wait for it is my only option.

regards
skat
  • #2,830
  • Feb 6, 2015 2:47am Feb 6, 2015 2:47am
Quoting trihhnguyen
{quote} 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.

hey trihhnguyen,

are you saying 5-10 working days or it includes weekends too?

Thanks
skat
  • #2,831
  • Feb 6, 2015 3:35am Feb 6, 2015 3:35am
Quoting buddy1
I have read that they have $14 million missing from their client trust accounts. The news first broke here http://www.theaustralian.com.au/busi...-1227202824312 On the back of this, the two founders extracted $32m from the company in dividends, even though their total liabilities stand at $94m compared to $83m in cash and cash equivalents. The accounts also reveal there is a $14m shortfall in clients’ funds with $85m recorded as owed to clients while $71m is held...
Before posting garbage do some more research:

https://pepperstone.com/company-profile/statement.php#

Statement Regarding Financial Statements
In response to the article printed in The Australian newspaper on Saturday 31st January 2015:
This article is factually incorrect and has misinterpreted Pepperstone's financial statements.
We believe the article to be misleading and defamatory.
Pepperstone is regulated by ASIC to whom we submit our financial statements, furthermore Pepperstone is audited by Ernst & Young, one of the World's largest audit firms.
Fuck Forex Factory.Wake up people.
  • #2,832
  • Feb 6, 2015 4:41am Feb 6, 2015 4:41am
Quoting Skat
{quote} hey trihhnguyen, are you saying 5-10 working days or it includes weekends too? Thanks skat
I withdraw thru Debit Card from pepper in 2 working day at National Bank of Australia (not include weekend, bz the bank don't work on weekend). After that, money from Au to VN take 5-10 or more 1 week in my country, because center bank of VN works so slow to approve my money to my bank account.
So, it depends from both banks. your transaction will go fast or slow.
Keep learning until you die :-)
  • #2,833
  • Feb 6, 2015 7:33am Feb 6, 2015 7:33am
Quoting ramy3
{quote} Before posting garbage do some more research: https://pepperstone.com/company-profile/statement.php# Statement Regarding Financial Statements In response to the article printed in The Australian newspaper on Saturday 31st January 2015: This article is factually incorrect and has misinterpreted Pepperstone's financial statements. We believe the article to be misleading and defamatory. Pepperstone is regulated by ASIC to whom we submit our financial statements, furthermore Pepperstone is audited by Ernst & Young, one of the World's...

BOSTON, Jan. 16, 2015 /PRNewswire/

http://www.prnewswire.com/news-relea...300021888.html


A private email clients received exactly 10 days after the press release

http://screencast.com/t/Ph8H7GpRW


On Jan 16th one day after the SNB tanked the CHF Boston Prime put out a press release stating "Business as usual"

Then exactly 10 days later they sent an email to clients letting them know that they are in fact not fine but instead closing up shop.

As you can clearly see DO NOT TRUST what your broker is telling you.

The press release was put out so there would not be a mass exodus of funds out of Boston Prime.

If MF Global, Bear sterns , Lehman Brothers etc can go under then no one is safe.

And your kidding yourself if you think otherwise.

Your best bet and I wish that I had done this the day of Boston Prime's press release.

WITHDRAW ALL YOUR FUNDS IMMEDIATELY
  • #2,834
  • Edited 11:42am Feb 6, 2015 11:31am | Edited 11:42am
Quoting TheBodyguard
{quote} BOSTON, Jan. 16, 2015 /PRNewswire/ http://www.prnewswire.com/news-relea...300021888.html A private email clients received exactly 10 days after the press release http://screencast.com/t/Ph8H7GpRW On Jan 16th one day after the SNB tanked the CHF Boston Prime put out a press release stating "Business as usual" Then exactly 10 days later they sent an email to clients letting them know that they are in fact...
Good for you. Move along now my litlle troll you, go find yourself a good little broker now. Go back to cheerleading the broker you work for under another name. What an ass.
Fuck Forex Factory.Wake up people.
  • #2,835
  • Feb 6, 2015 11:47am Feb 6, 2015 11:47am
Quoting ramy3
{quote} Good for you. move along now my litlle troll you. What an ass.

Act like an asshole to someone else.

No one cares about your opinions or perceived self appointed "seniority"

Provide helpful Information not false Information or Keep it moving.

No one cares your a "commercial member" with over 800 posts.

So again save the condescending tone and be gone already.

I can guarantee your some DUNCE sitting in your mothers basement "pretending" to be a currency trader.

Stop being an egotistical asshole advising guys to keep their money with a broker that is currently showing the early signs of major problems concerning client funds.

I have backed up all my posts with FACTS unlike you backing up yours with your own "opinion"

So go back to playing with your demo account and leave us all alone with your BS pepperstone cheer leading
  • #2,836
  • Feb 6, 2015 11:51am Feb 6, 2015 11:51am
Quoting TheBodyguard
{quote} Act like an asshole to someone else. No one cares about your opinions or perceived self appointed "seniority" Provide helpful Information not false Information or Keep it moving. No one cares your a "commercial member" with over 800 posts. So again save the condescending tone and be gone already. I can guarantee your some DUNCE sitting in your mothers basement "pretending" to be a currency trader. Stop being an egotistical asshole advising guys to keep their money with a broker that is currently showing the early signs of major problems...
Oh, you're still here. thought you left seeing that this broker is not for you. Any normal persone would have just moved on.

You can obtain a copy of their audited financials via the ASIC website for a small fee: Hope it's not to much for you...
https://connectonline.asic.gov.au/Re...ate=euv2ii48_4
Fuck Forex Factory.Wake up people.
  • #2,837
  • Feb 6, 2015 12:11pm Feb 6, 2015 12:11pm
Quoting ramy3
{quote} Oh, you're still here. thought you left seeing that this broker is not for you. Any normal persone would have just moved on.
Your a jerkoff so you keep poking

And your obvious bias towards this company amazes me.

NO ONE ELSE SEE'S THIS????

I started the thread so I see whats going on and I cant sit by while guys are getting shit info from a hack like you.

There was a write up in an Australian paper about $14 Mil missing from client accounts.

Yet you choose to ignore that article and advise people to "do their homework"

that this is a wonderful broker

Here is an email from Forex magnates writer Victor Golovtchenko

http://screencast.com/t/fLap5DMFpunk (The Email)

He was the only one who provided up to date good information on the BT Prime situation almost instantly as it un folded.

So I openly reached out to him concerning his thoughts on pepperstone and that I was thinking of going with them.

"I haven't heard much good down there... Personally I would avoid them" was his exact answer to me.

But I guess that doesn't matter to you because your opinion is the only one that counts.

STOP ADVISING GUYS TO STAY WITH THESE PEOPLE !!!!!!!!!!!

I am here because I do not want to see anyone end up in the same situation as me.

I don't care if you have 1 post or 3 Million posts.

No one deserves to have their hard earned money held hostage.

So again leave me and everyone else the FUCK ALONE WITH YOUR BULLSIT ANSWERS ABOUT PEPPERSTONE.
  • #2,838
  • Edited 12:30pm Feb 6, 2015 12:20pm | Edited 12:30pm
Quoting TheBodyguard
{quote} Your a jerkoff so you keep poking And your obvious bias towards this company amazes me. NO ONE ELSE SEE'S THIS???? I started the thread so I see whats going on and I cant sit by while guys are getting shit info from a hack like you. There was a write up in an Australian paper about $14 Mil missing from client accounts. Yet you choose to ignore that article and advise people to "do their homework" that this is a wonderful broker Here is an email from Forex magnates writer Victor Golovtchenko http://screencast.com/t/fLap5DMFpunk...
Ah, aren't you the clever one. My my such fowl language. Good luck in your search for a new broker my little friend. Glad to see that i am making you feel all fuzzy and warm inside. About beeing normal, you need help mate. Good luck my little troll. Move along now. Or, you may keep amuzing yourself. Will be back later or whenever, you have become a bit of a bore.
Fuck Forex Factory.Wake up people.
  • #2,839
  • Edited 12:33pm Feb 6, 2015 12:22pm | Edited 12:33pm
Quoting ramy3
{quote} Oh, you're still here. thought you left seeing that this broker is not for you. Any normal persone would have just moved on. You can obtain a copy of their audited financials via the ASIC website for a small fee: Hope it's not to much for you... https://connectonline.asic.gov.au/Re...ate=euv2ii48_4

ramy3

I'm not sure will this cover the Fee's

is it enough ????
Attached Image (click to enlarge)
Click to Enlarge Name: ramy3 FF.jpg Size: 438 KB
  • #2,840
  • Feb 6, 2015 7:49pm Feb 6, 2015 7:49pm
Everybody knows that this "ramy3" guy is an extremely rude and abusive Pepperstone troll. I am actally surprised that he has not be banned yet as the language he uses is extremely offensive.

You should also note that he is a commercial member, in essence this means that the FF mods know he is a troll.
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