Broker is real regulated SCAM! | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

FCA regulated or other reputably regulated Broker with 1:500 0 replies

Wanted: FSA regulated (UK) FX ECN broker 66 replies

Activ Trades - FSA regulated broker 8 replies

Need FSA Regulated MT4 Broker 2 replies

good ecn regulated broker in europe 1 reply

Attachments: Broker is real regulated SCAM!
Exit Attachments

Broker is real regulated SCAM!

  • #101
  • Edited 1:55am Dec 28, 2016 12:17am | Edited 1:55am
If you don't like your brokers (or brokers in general), trade based on higher time frames (4H+). Most troubles and complaints come from over leveraged short term scalping which requires excellent brokerage services.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #102
  • Dec 28, 2016 12:33am Dec 28, 2016 12:33am
Quoting profit.erol
{quote} Are you sure you read %99 of cases?? You can see different scam tactics in pepperstone reviews that all of scam firms are using. There are a lot of clients like me, you or your friends or other pepperstone's affiliates or pepperstone's employees are not able to change it by writing my thread. My trading style, using high leverage or different trading strategies are not important here. There is no arbitrage, off quote trading etc. which are forbidden in agreement. I can use leverage low or high, it is my choice. They can reduce leverage,...
I have read the thread because it was so funny to see so many "users" defending the devil. What happens dear profit.erol is that they want to discourage you to proceed any further. They don't care about the legal consequences because as the "users" said they are covered. What they care most is to not lose the clients which can mean millions of dollars in deposits and usually the same amount in profit for them.

Thank you for your report. One more added in my list of "not allowed to win casino".
  • #103
  • Dec 28, 2016 1:03am Dec 28, 2016 1:03am
Quoting Soros
pepperstone is currently the best broker out there, the most honest and reliable... however if i was in OP's shoes i would have probably acted the same way, so i cant judge him nor can i say anything bad, OP take the money they offered and carry on with life.
NONSENSE...

Pepperstone is just an average retail broker, acting safely enough to not loose too many money-milking customers and knowing enough to avoid any serious ASIC actions, which is mostly toothless anyway. Calling it "the best broker out there" is exaggeration at least.
  • #104
  • Dec 28, 2016 1:42am Dec 28, 2016 1:42am
Quoting Soros
pepperstone is currently the best broker out there, the most honest and reliable... however if i was in OP's shoes i would have probably acted the same way, so i cant judge him nor can i say anything bad, OP take the money they offered and carry on with life.
I would put them in the top 5 Australian brokers.
20 Pips a day keeps centerlink away
  • #105
  • Dec 28, 2016 1:57am Dec 28, 2016 1:57am
Quoting PaulDaemon
{quote} I would put them in the top 5 Australian brokers.
That is about number of all OK Australian retail brokers. So surely Pepperstone will fit in the range, there is not other option.

This remains me phrase "she will be alright, mate", which really means "who cares... just have a beer and everything else will take care itself, who cares...". That is more or less Australian corporate attitude and generally Australian public's.

So... Pepperstone closed client's position over the weekend out of trading hours without contacting or at least notifying the guy first, even if each client has assigned so called "customer manager" and surely provide an email and mobile phone in the application. That is careless corporate attitude. CARELESS. And just because it is stated in their T&C it does not mean serious, professional relations, simply as that. Therefor Pepperstone is just that: retail average broker, whose sole purpose is to make money (most likely out of you), nothing above that and saying it the best Australia broker or one of the best is just oxymoron. And don't mistake "customer manager" to help you, they are there to milk you.

[edit] ho ho ha... Paul decided to ignore me, sure sign my small analisys to Australian culture must strike a chord

To the original poster, take it to NCAT. Let a tribunal consider who failed duty of care here.
  • #106
  • Dec 28, 2016 2:08am Dec 28, 2016 2:08am
Quoting kpclick
{quote} That is about number of all OK Australian retail brokers. So surely Pepperstone will fit in the range, there is not other option. This remains me phrase "she will be alright, mate", which really means "who cares... just have a beer and everything else will take care itself, who cares...". That is more or less Australian corporate attitude and generally Australian public's. So... Pepperstone closed client's position over the weekend out of trading hours without contacting or at least notifying the guy first, even if each client has assigned...
lol - It's "she'll be right mate" and it doesn't mean "who cares". It means "it will be alright", obviously.
  • #107
  • Dec 28, 2016 2:14am Dec 28, 2016 2:14am
Quoting BubaYaga
{quote} lol - It's "she'll be right mate" and it doesn't mean "who cares". It means "it will be alright", obviously.
lol... obviously you don't know what you are talking about if you take this phrase literally. Pepperstone is perfect example here, "it will be alright"... but for who...
  • #108
  • Dec 28, 2016 2:19am Dec 28, 2016 2:19am
Just out of interest, can anyone name 1 single retail forex broker that does not have at least one bad review from a trader? Its ok to point fingers but i think they are all as bad as each other. And most traders will defend a broker simply because they have not had a bad experience with them.
  • #109
  • Dec 28, 2016 2:25am Dec 28, 2016 2:25am
Quoting kpclick
{quote} lol... obviously you don't know what you are talking about if you take this phrase literally. Pepperstone is perfect example here, "it will be alright"... but for who...
"who cares" is not synonymous with "she'll be right mate".
  • #110
  • Dec 28, 2016 2:32am Dec 28, 2016 2:32am
Quoting BubaYaga
{quote} "who cares" is not synonymous with "she'll be right mate".
Stop catching semantics and start talking about real problems. Below is some reading for you. Take those as cross-section of current Australian social attitude, which by definition must be reflected in retail and corporate world. Any comments?

http://www.smh.com.au/lifestyle/news...29-gpun8t.html
http://www.smh.com.au/comment/we-won...02-gpa5wh.html
http://www.smh.com.au/comment/smh-le...04-gshyzm.html
http://www.smh.com.au/lifestyle/news...01-goj6mg.html
http://www.smh.com.au/national/educa...05-gomsbs.html
http://www.smh.com.au/federal-politi...10-gnfbdo.html
http://www.smh.com.au/federal-politi...107-30g97.html
http://www.smh.com.au/comment/austra...01-goj6c9.html
http://www.smh.com.au/world/research...14-gqs6z3.html
http://www.smh.com.au/national/overq...12-gotn0p.html
http://www.smh.com.au/federal-politi...22-1mr3l8.html
http://www.smh.com.au/comment/bashin...04-1007gn.html
http://www.smh.com.au/comment/govern...22-grm6ev.html
http://www.smh.com.au/comment/are-th...20-gp0c17.html
http://www.smh.com.au/comment/senior...18-gssjqi.html
http://www.smh.com.au/comment/weve-b...25-gp3rxm.html
http://www.smh.com.au/comment/ms-dhu...25-groblx.html
  • #111
  • Dec 28, 2016 2:47am Dec 28, 2016 2:47am
Here is bit more, more specifically on Australian corporate attitude. But hey "she will be alright mate..."

http://www.smh.com.au/interactive/20...udent-swindle/
http://www.smh.com.au/interactive/20...even-revealed/
http://www.smh.com.au/business/workp...02-gt2wtl.html
http://www.smh.com.au/business/workp...30-gt0kc4.html
http://www.smh.com.au/business/workp...24-gnqshe.html
http://www.smh.com.au/business/workp...24-gprari.html
http://www.smh.com.au/business/workp...06-grw3s3.html
http://www.smh.com.au/national/healt...01-gsfbuu.html
http://www.smh.com.au/business/workp...02-gt2snt.html
  • #112
  • Dec 28, 2016 2:50am Dec 28, 2016 2:50am
And to put a cherry on top of the cake, here is "your best broker" Pepperstone. Read carefully:

http://www.smh.com.au/business/sacke...731-zz9dl.html
http://www.smh.com.au/business/alleg...511-zr9mw.html
http://www.smh.com.au/business/nab-a...509-3813q.html
http://www.complispace.com.au/blog/f...ance-breaches/
  • #113
  • Dec 28, 2016 2:53am Dec 28, 2016 2:53am
I've wondered why they chose to call their forex trading company "Pepperstone". Did they all sit around a table eating peppers and getting stoned and just said the first thing that came into their heads and ran with it.
  • #114
  • Dec 28, 2016 3:04am Dec 28, 2016 3:04am
Quoting BubaYaga
I've wondered why they chose to call their forex trading company "Pepperstone". Did they all sit around a table eating peppers and getting stoned and just said the first thing that came into their heads and ran with it.
Mate... you are avoiding real question. Any comments on above?

Who cases why they call it Pepperstone. A company name is just a marketing gimmick, even the silliest one can be advertised and sold to a customer as a brand. Ask Saatchi & Saatchi and alike how specifically they do it. Take Apple, why would you buy a computer called Apple, or Dell, or IBM, or Asus? Those are silly names!!!

It is not a name that matters in this thread, but ATTITUDE TOWARD CUSTOMERS
  • #115
  • Dec 28, 2016 3:12am Dec 28, 2016 3:12am
Quoting mrhigurashi
{quote} So who is your recommended broker? Another person who loves to talk about problems but offers absolutely no solutions! You'd make a great Australian politician!
Being Australian political would be my last choice for a career. I dont like work in a swamp.

Everybody want a solution on a silver plate. AND WHAT IS YOUR SOLUTION? Everybody can criticized, but have you done here above that?

So... answering your question... lets employ some brainstorming... Did you read at least headers of each of those articles? Did you put some work to understand the large picture? Did you put some effort to understand why I was so cynical about this great, but unfortunately outdated Australian saying? What is your conclusion?

Am I correct to say that to find a solution we need to find where is a problem? If we dont understand problem, how are we going to find a correct solution?

You see, most people on this tread believes that original poster is problem, not Pepperstone. If we take this conclusion as valid one, will that solve the real, underlying problem?
  • #116
  • Dec 28, 2016 3:18am Dec 28, 2016 3:18am
Quoting kpclick
{quote} Mate... you are avoiding real question. Any comments on above? Who cases why they call it Pepperstone. A company name is just a marketing gimmick, even the silliest one can be advertised and sold to a customer as a brand. Ask Saatchi & Saatchi and alike how specifically they do it. It is not a name that matters here, but ATTITUDE TOWARD CUSTOMERS
I'm not a fan of "current Australian social attitude" retail or corporate.
I remember reading about that NAB associate director getting inside info from his mate working at the Australian Bureau of Statistics. I don't know why Pepperstone fired the whistle blower who bought the suspicious trades to the attention of relevant authorities. Maybe they're gangster and don't want to be associated with snitches?
  • #117
  • Dec 28, 2016 3:35am Dec 28, 2016 3:35am
Quoting BubaYaga
{quote} I'm not a fan of "current Australian social attitude" retail or corporate. I remember reading about that NAB associate director getting inside info from his mate working at the Australian Bureau of Statistics. I don't know why Pepperstone fired the whistle blower who bought the suspicious trades to the attention of relevant authorities. Maybe they're gangster and don't want to be associated with snitches?
Isn't fact that they fired the whistle blower pointing toward non-transparent, potentially customer dishonest culture rather the other way around? Would not ASIC finding and fine confirm that? Does isn't fit into larger picture of Australian rather no-so-nice corporate world and endless string of scandals across all industries and levels? Would you fully trust a company like that?

And finally does it put a new light on the original poster's issue?

And here is question to those who lashed the original poster over last 100 posts: were you really right about that?
  • #118
  • Dec 28, 2016 4:54am Dec 28, 2016 4:54am
Pepperstone terminated his contract for other reasons they claim, and his million dollar lawsuit seems to have gone nowhere. Pepperstone says that they actually alerted ASIC of the insider trading stuff before their employee did.

But hey, let's lynch a broker because God knows forex traders aren't busy making profits. May as well do something they're actually good at instead.
  • #119
  • Dec 28, 2016 4:59am Dec 28, 2016 4:59am
Quoting kpclick
{quote} Being Australian political would be my last choice for a career. I dont like work in a swamp. Everybody want a solution on a silver plate. AND WHAT IS YOUR SOLUTION? Everybody can criticized, but have you done here above that? So... answering your question... lets employ some brainstorming... Did you read at least headers of each of those articles? Did you put some work to understand the large picture? Did you put some effort to understand why I was so cynical about this great, but unfortunately outdated Australian saying? What is your conclusion?...
Funny thing is, you bag out Australians yet you are a typical Australian who loves to bitch and moan but yet do absolutely nothing about it. The Australian " Shell be right mate" attitude i say goes hand in hand with the "Well, ill let someone else fix it as i can be F"$%#d attitude".
  • #120
  • Dec 28, 2016 5:03am Dec 28, 2016 5:03am
Quoting Wacky Canuck
Pepperstone terminated his contract for other reasons they claim...
Do you think they would terminate his contract on basis of reporting their issues and hand it that as a written notice? Are you really so naive? You really have not idea, how those issue are "solved", do you?
1 trader viewing now