Pepperstone Forex

you don't really expect your micro lot to get to the market, do you ?

What I expect is irrelevant. Just want an answer, Yes or No

If Yes ten Pepper can expand as to the circumstances. eg Trade Size and Trader profiles

Additionally, eg are Traders classified as to A Book and B Book dependent upon their trading performances.
ie
Consistent Losers -> B Book
Consistent Winners -> A Book.

its not that simple.

LPs (liquidity providers) do not work with micro and mini lot. once you understand that, the rest is obvious.

Retail brokers simply CANNOT send the micro and mini lot orders of their clients directly to their LP.
those orders are matched locally (B Book) and the difference is then sent to the LP.

orders larger than 1 Lot are directly sent to the LP (A Book).

this doesn't mean that the broker is a bucket shop.


now thats just in theory, they also could not pass the B book orders to the market at all and simply take the other side.
which doesn't mean that they're hunting your stop or will actively try to make you lose, it just mean that they bet that most their clients will lose and they would rather take that money then leave it to the market.

i'd like to think Pepperstone are honest but who knows, your guess is as good as mine.

All good in the neighborhood. Enjoy seeing a quite thread without dumbass paid competitors cheerleaders posting. But, still.. Bump. Enjoy! Bit bored too

Is Pepperstone Islamic account spread really that high? EURUSD is at 3.4 pips and USDJPY at 5.8 pips. Or is it because it is the weekend?

Pepperstone Live Support7:43:58 PM
Hi there, welcome to Pepperstone. How may we help you today?
nilay7:44:15 PM
do you have any kind of negative balance protection?
Pepperstone Live Support7:44:32 PM
We have margin call feature
7:44:46 PM
that should protect your account during normal market condition
nilay7:44:58 PM
i mean a event like the SNB crisis
Pepperstone Live Support7:45:26 PM
You will have to cover it
7:45:40 PM
meaning you will have to pay the negative balance
nilay7:45:52 PM
https://pepperstone.com/trading-acco...conditions.php
Pepperstone Live Support7:46:01 PM
as an ecn broker, we will have to pay to our liquidity provider
nilay7:46:03 PM
this link says Negative balance protection, automated Risk Management System
Pepperstone Live Support7:46:09 PM
right
7:46:12 PM
as explained
7:46:19 PM
that is a margin call feature
nilay7:46:23 PM
ok got it

looked through a couple of threads regarding pepperstone here on ff. all too much heated and not enough actual information, to me. i don't want to open a new thread to ask questions so hopefully someone here actually trades with them.

after considering many brokers, i want to open an account with pepperstone. i have my own reasons why i don't want or cannot use many others.

is anybody trading more than 10,000 USD account with peppersone? for how long and are you happy with them?

if you were in any swiss related trade against the move when swiss did a big move, how soon they stopped your position? What roughly was a drop in pips before the stop loss kicked in?

thanks.

Pepperstone Client Support‎13‎:‎27‎:‎44
Hi there, welcome to Pepperstone. How may we help you today?
* ‎13‎:‎28‎:‎13
Hi, i have a question about the negative balance protection.

13‎:‎28‎:‎39
It is right that a neg balans Always can occure when a major move happens right?

13‎:‎29‎:‎24 I read somewhere the protection Pepperstone gives is a margin call... But it still is possible to get a negative balans

Pepperstone Client Support ‎13‎:‎30‎:‎12
Yes

it is still possible to get a negative balance

* ‎13‎:‎31‎:‎07
ok, so when the price falls for 20000 pips or so, like the chf last jan... And i trade a multiple lot position i can have a big big problem?

Pepperstone Client Support‎13‎:‎31‎:‎50
Yes its possible

* 13‎:‎31‎:‎5420000 x $20 makes a 400000usd neg balance. And there is no other protection?
13‎:‎31‎:‎59wauw

Pepperstone Client Support‎13‎:‎34‎:‎58

there is no protection
like that as you are trading on leverage

* ‎13‎:‎36‎:‎55
ok, thnx.



So think twice before going live with them.
Maybe it's more safe to get an offshore account... A virtual company

When something happens again like jan 15, with the chf, you will get destroyed in seconds... destroyed for life! Leverage can make a hughhhhh debt (also if you dont use leverage but leverage much more).

FxPro say on the live chat they will cover this... but if its true i dont know..

Pepperstone lookes good in every option but there words on there website are just fake and marketing. They dont give a shit about you!

I am glad i was just started trading when the chf move happened... I was placing a trade (demo) on the usdchf, dont know if my sl already was placed but everything happens so fast... My chart changing from normal to very small ... I didnt know wtf was happening... My demo account was one of the first accounts... It was 50.000 and i remember the trade going -12000...
In a instance i doubled my lotsize and go long... +14000 .
BUT
Then there was greed.. and i thought... So easy money in forex... Lets take a lotttttttttt of trades....
the buttons of my mouce wont clicking faster and for a well my trades go very very well
but the move was going to the other side and i cant close my trades as fast as is wants...
Result was blowing my account to nadaaaaa
Bye bye money...

This was my lesson, the markets show me there power... You are nothing! You will get eaten like a litte litte fish.

So guys... Think twice... You can make money very easy.. but you can lose money more easy

Look for a trustfull broker and remember they make a lot, and i mean a lot, of money... So they have a risk to and there risk is to pay YOU when something happens like the chf move.
Pepperstone's owner is the most rich man of Aussie... There for you have to have a lotttttttttttt of money

Pepperstone has great cTrader platform. It is true ECN I think. Plus low spreads and we have very good offer.

Hi Bose,

I trade buy stop during news but my buy stop close hit sl on pepper mt4 and I was like WTF? and then I put another buy stop 1198.00 then system buy me 1204.00 and I lose 6.00 pips profit. wth~

when I look at the chart there's no movement and yet my buy stop hit and sl hit. no idea.

Thanks for replying advice.

Use F.x....c.m?

Best Regards here.

sorry for the late reply

i don't think trading the XAU/USD (which is notorious for not having much liquidity) during news time is a wise idea.
that being said, i think you should get in touch with paper about it.

any idea why Pepperstone does accept Neteller but does NOT accept PayPal deposits? PayPal is useless to me here in Panama. The only way I can withdraw the money is to a U.S. bank account which I have never had, as there is no option to withdraw to a Panamanian bank account.. I'd love to be able to send the balance of my PayPal account to my pepperstone account, alas, they don't accept PayPal.

I guess I will have to open an account with another broker to use this money. ��

Anyone with LIVE account and/or have other LIVE price feed with other brokers, please check AUD/USD on 1M TF, I do not see a similar feed on my other brokers.
Sure, its the twilight zone and liquidity is dry. But a 20-30 pip difference?



Regards,

-- Pepperstone Live --

<1M>


<5M>


-- Dukascopy Live --

<1M>


<5M>

Lol, how come we are getting different price feed when both of our account is LIVE by same broker?

Ok noted, I have had some 5-10pip ones on my end too.

Thanks buddy.

Regards,

Hey guys,

Was gonna start a new thread asking this question but since I'm a junior member, a lot of functions are limited.

I'm currently a New Zealand citizen, living and working in NZ but I plan on funding a pepperstone trading account. One problem though, I don't know how to go about this. I looked into performing a wire transfer from my bank but not only the fees quite high (~20NZD to perform a telegraphic transfer (TT)!) but I can't send in my own currency. This means that if I was to perform a TT I would not only have to pay for ~20NZD in fees but also a an awful exchange to convert my NZD to AUD.

Any tips or suggestions for fellow NZ traders who have had to fund their pepperstone accounts?

Thanks in advance

What about a credit card?

Never thought about it (sorry I'm a total noob!). I know that there would be a fee (0-3%). Are there any other fees on top of that? And would I be hit by any currency exchange rates or would the transaction go through as NZD to NZD?

Thanks!

Be best if you heard it from the horses mouth. Give Pepperstone a call.

Mt4 is disconnected...... Crap...

EDIT: Their feedback is,

We have notified the IT team right now ... other people have reported the same issue. Please allow a couple of minutes for them to correct it. When the prices come back and you need us to investigate a trade due to this, please email your account number and trade numebrs to [email protected] and we will tell the audit team to look at it for you.