Pepperstone Forex | Page 147 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Pepperstone AU accounts being moved to Pepperstone UK 0 replies

Pepperstone suspends Forex trading in the UK 6 replies

Pepperstone Live Server Reliability 53 replies

List pepperstone and icmarkets crashes here 3 replies

Chart comparison between Pepperstone Razor Vs Other ECN 17 replies

Attachments: Pepperstone Forex
Exit Attachments

Pepperstone Forex

  • #2,921
  • Aug 2, 2015 6:11pm Aug 2, 2015 6:11pm
Beware the only broker who do their own investigation to report you to the regulators. This means that they not only do not hedge your position but essentially betting against you and also does not take your interest at heart. What happened to their fiduciary responsibility?
  • #2,922
  • Aug 2, 2015 8:00pm Aug 2, 2015 8:00pm
Quoting dragon88
Beware the only broker who do their own investigation to report you to the regulators. This means that they not only do not hedge your position but essentially betting against you and also does not take your interest at heart. What happened to their fiduciary responsibility?
a little too much bullshit from you.

Brokers like any financial institutions conduct KYC and AML (you better google them up) to actually safeguard the company and the company's clients' interest. imagine if they neglected those investigation and corrupt money gets laundered within a broker. the broker can be fined/or shut down by regulators if they do not comply with rules and regulatiosn related to Anti-money laundering policy and policy on dealing with Sanctioned countries/individuals.

Next question at hand is your ignorance of the brokerage industry.
when you trade forex, theres always a counter party that will take the opposite position against you, just a question of whether your broker is the one taking the position or the liquidity provider/market makers being the one to take opposite positions. if theres no market maker or liquidity providers or Brokers who bet against you, your orders wont get executed. and you wont be able to make any trades.

Now. down to the question of brokers betting against the clients. Brokers have 2 options when they received a client's trade order.
1. they either fill your position (essentially betting against you) since your bid is their offer.
2. Or the broker who things the position you're filling is not a good one to bet against you, they might look to fill your order mark-to-market wise. by sending your order to the interbank market to see if any liquidity providers or market makers (banks mostly) would fill your order instead of the broker themselves, brokers would give up the right to earn the money you lose, but they earn their share from commissions. but they transferred the risk to the banks.

Perhaps you should read a bit more instead of ignorantly thinking that brokers who bet against clients is a bad thing.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #2,923
  • Aug 2, 2015 8:34pm Aug 2, 2015 8:34pm
Quoting Rtm
{quote} I have escalated for an audit. They are claiming it came from my IP however, I know I didn't close these trades not did any of my EAs. Perhaps just and error but I have never had such an error before so it seems rather strange. They said to look in log file. But they could easily manipulate the data they telling me, so I am just going to watch further and see if this continues, and if it does, oh man I will be sure to let the shit know.
Rtm, thank you for your reply. I hope this is not repeated in the future. I'm a manual trader who trades through Pepperstone. Several years with them and only positives to report. Remain vigilant Rtm.
Best regards
  • #2,924
  • Aug 2, 2015 9:06pm Aug 2, 2015 9:06pm
Quoting fxtyrant
{quote} a little too much bullshit from you. Brokers like any financial institutions conduct KYC and AML (you better google them up) to actually safeguard the company and the company's clients' interest. imagine if they neglected those investigation and corrupt money gets laundered within a broker. the broker can be fined/or shut down by regulators if they do not comply with rules and regulatiosn related to Anti-money laundering policy and policy on dealing with Sanctioned countries/individuals. Next question at hand is your ignorance of the brokerage...
lol if youre in Australia you must have heard about the 2 guys that were jailed for insider trading while trading with Pepperstone (while I do not support insider trading). The fact that Pepperstone management went out of their way to investigate their client through Linkedin does not sit well with me. They have a responsibility to report suspicious activities but not to do their own investigation (it does not serve their interest unless they did not hedge their trades and were losing too much money because of these guys).

In regard to hedging or betting against you, they have 2 books (winners and losers). They will hedge the winning traders or the position is too large for them take the opposite position (risk management). And they will bet against the losers. But they do not think whether the position is a good or bad one and decide whether to hedge or not, its not in their business to speculate.

Now if you think betting against the client provides liquidity then youre crazy because the FX market is probably the most liquid financial market in the world. Your 1 contract with your broker aint gonna move the market.
  • #2,925
  • Aug 2, 2015 9:13pm Aug 2, 2015 9:13pm
Quoting dragon88
{quote} lol if youre in Australia you must have heard about the 2 guys that were jailed for insider trading while trading with Pepperstone (while I do not support insider trading). The fact that Pepperstone management went out of their way to investigate their client through Linkedin does not sit well with me. They have a responsibility to report suspicious activities but not to do their own investigation (it does not serve their interest unless they did not hedge their trades and were losing too much money because of these guys). In regard to hedging...
to make this simple.

I appreciate pepperstone for taking the intiative to investigate market malpractices.
However.... I don't appreciate your ignorance.

Don't bother replying to this, im not gona see it.
perhaps you should bugger off back to your fuck buddies on the EURUSD thread??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #2,926
  • Aug 13, 2015 2:40pm Aug 13, 2015 2:40pm
anyone from canada use pepperstone? was wondering how the execution speed is?
  • #2,927
  • Aug 14, 2015 2:09am Aug 14, 2015 2:09am
Quoting moen
anyone from canada use pepperstone? was wondering how the execution speed is?
I'm not from Canada but they have a server in NY so it should be quite close to you:
https://pepperstone.com/en/forex-tra...rading-servers
  • #2,928
  • Aug 15, 2015 10:01pm Aug 15, 2015 10:01pm
Toronto here. Latency to Pepper's servers in NY4 (NJ, next to NYC,) is very minimal for MT4, and there's a cTrader relay in NYC as well. All snappy.
FXGears.com
  • #2,929
  • Aug 16, 2015 2:39am Aug 16, 2015 2:39am
how this review.
http://www.forexpeacearmy.com/public...one.com?page=1
  • #2,930
  • Aug 16, 2015 5:34am Aug 16, 2015 5:34am
In January 2015, Pepperstone was accused in The Australian for making various claims in relation to their proprietary technology. Yet more, the founders Kerr and Davenport were accused of taking $32m in dividends even when they were in the red, and a shortfall in client funds was noted. [13

https://en.m.wikipedia.org/wiki/Pepperstone
  • #2,931
  • Aug 16, 2015 6:29am Aug 16, 2015 6:29am
Quoting fxtyrant
{quote} a little too much bullshit from you. Brokers like any financial institutions conduct KYC and AML (you better google them up) to actually safeguard the company and the company's clients' interest. imagine if they neglected those investigation and corrupt money gets laundered within a broker. the broker can be fined/or shut down by regulators if they do not comply with rules and regulatiosn related to Anti-money laundering policy and policy on dealing with Sanctioned countries/individuals. Next question at hand is your ignorance of the brokerage...
Good post, appreciate that.
Intraday only.
  • #2,932
  • Aug 16, 2015 6:32am Aug 16, 2015 6:32am
Quoting moen
anyone from canada use pepperstone? was wondering how the execution speed is?
i'm in waterloo using nyc server, so far so good
  • #2,933
  • Aug 16, 2015 6:52am Aug 16, 2015 6:52am
thank you for the response guys, about to sign up with them in September. Any concerns or anything I should know before going with them? my main concern was the connection speed from their servers and I guess there is no problems with that.
  • #2,934
  • Aug 16, 2015 7:29am Aug 16, 2015 7:29am
Execution speed is good for pepperstone, for Canada traders.

When economic event occurs, there may be slippages.
Intraday only.
  • #2,935
  • Aug 17, 2015 3:31am Aug 17, 2015 3:31am
Quoting entheos
In January 2015, Pepperstone was accused in The Australian for making various claims in relation to their proprietary technology. Yet more, the founders Kerr and Davenport were accused of taking $32m in dividends even when they were in the red, and a shortfall in client funds was noted. [13 https://en.m.wikipedia.org/wiki/Pepperstone
amazing.
have no interest in this post?
what is most important?
spread?
  • #2,936
  • Aug 17, 2015 5:26am Aug 17, 2015 5:26am
http://www.forexpeacearmy.com/public...one.com?page=1
  • #2,937
  • Aug 17, 2015 10:33am Aug 17, 2015 10:33am
Quoting entheos
http://www.forexpeacearmy.com/public...one.com?page=1
a lot of negative posts about them.. interesting.
  • #2,938
  • Aug 17, 2015 2:35pm Aug 17, 2015 2:35pm
a lot of negative posts about them by username entheos.. interesting
  • #2,939
  • Aug 17, 2015 8:31pm Aug 17, 2015 8:31pm
and hes decided to start a thread on Broker discussion just to keep pressing on the subject about how corrupt pepperstone is...
without any evidence other than Wikipedia as a source...
any retarded school kids would know Wikipedia is not a reliable source for information.
Entheos, please unsubscribe from me. I don't need retards being subscribed to me.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #2,940
  • Aug 17, 2015 9:05pm Aug 17, 2015 9:05pm
Quoting fxtyrant
and hes decided to start a thread on Broker discussion just to keep pressing on the subject about how corrupt pepperstone is... without any evidence other than Wikipedia as a source... any retarded school kids would know Wikipedia is not a reliable source for information. Entheos, please unsubscribe from me. I don't need retards being subscribed to me.
Woot! Guess who's back to lay the smack down!
Luck shines on the positive.
3 traders viewing now