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Broker is real regulated SCAM!

Pepperstones aggregation & electronic network system is Fortex, who operate an A book and a B book.
Well sir, looks like you're playing checkers at a chess match.
Quoting PaulDaemon
{quote} I have had conversations with my account manger when i 1st started with pepperstone about this and they do not operate a book system. it even states on their site. {image}
Only orders over 1std lot will be a-book. Micro, nanos & 0. lot will always be b-book nomatter which broker you use.
MY SITTING, NEVER MY THINKING!
Quoting merrygold
{quote} Only orders over 1std lot will be a-book. Micro, nanos & 0. lot will always be b-book nomatter which broker you use.
That used to be true, but liquidity markets have opened up in a big way over the past few years. With the expansion of dark liquidity pools especially, even micro lots can be routed directly to liquidity pools. The smaller your lots, the fewer pools they might go to, but it's absolutely false that small lots can't get routed directly to LPs.
Quoting Wacky Canuck
{quote} That used to be true, but liquidity markets have opened up in a big way over the past few years. With the expansion of dark liquidity pools especially, even micro lots can be routed directly to liquidity pools. The smaller your lots, the fewer pools they might go to, but it's absolutely false that small lots can't get routed directly to LPs.
Thanks for your reply, Wacky. I wasnt aware that the 'rules' have been changed. Thanks for the info.

Happy holidays :-)


M
MY SITTING, NEVER MY THINKING!
Quoting merrygold
{quote} Thanks for your reply, Wacky. I wasnt aware that the 'rules' have been changed. Thanks for the info. Happy holidays :-) M
It's not really that rules have been changed; it's just that retail forex has had an increasing number of products develop for consumer level traders because of an active consumer level marketplace. Dark pools especially are useful because they offer brokers a sort of "3rd party B Book" but it's not controlled by the broker, so it's not manipulated against the client, and it's STP/ECN processed.

Happy holidays M. Hope the new year brings you plenty of reasons to smile!
Quoting PaulDaemon
{quote} I have had conversations with my account manger when i 1st started with pepperstone about this and they do not operate a book system. it even states on their site. {image}
It has to be very annoying for profit.erol to read Pepperstone's employees posts. It can be seen from the moon that PaulDaemon is not just walking by ...

Now a question for PaulDaemon/Pepperstone. How did you manage to close a transaction over the weekend in a STP/ECN system when everything is closed and shutdown?

I don't want to hear your answer ...I just hope one of your scammed clients will meet you on the street.
Quoting PaulDaemon
{quote} I have had conversations with my account manger when i 1st started with pepperstone about this and they do not operate a book system. it even states on their site. {image}
Even if Pepperstone themselves do not, depending on the type of relationship Pepperstone has with LP's aggregators or what have you, A/B booking can still occur. Often, internal order matching is preferable.

i know Pepperstone has violated ASIC once before,
http://www.leaprate.com/2014/10/pepp...-forex-market/

That doesn't make their services bad, let me stress that fact.

Isn't this thread about CFD's on indices and not forex?

As far as I am aware they are DMA CFD providers.


OP, I suggest you rehash on your mathematics and carefully read t&c. Always know the exact specification of your broker account and the financial instruments you wish to trade. It looks like you have overtraded.

you are still well within your rights to complain however making the posts and websites you have made here is definitely not going to win you any favor with the broker, brokerage networks or the regulators.

good day.
Quoting mrhigurashi
{quote} Look at that more slander and false accusations from you. You are a lair and a mug who goes around accusing people of things they have not done and slander. You still have not learned what margin is right? First go to
Quoting mrhigurashi
www.babypips.com and learn how to trade and learn what margin is. Then maybe try trading again. Despite any of that, someone has already in the beginning of the thread showed you the terms and conditions that...
If I write here again and again and again, you understand me but you are writing like you did not understand. I dont want to write here you are idiot, stupid etc. Like you wrote disrespectfully. Because you understood everything, but it is not good for you to write here which is not correct. What are you talking about margin requirements? Did you understand my positions are opened at the weekend and closed at the weekend? Is there anyone who hear stop out clients at the weekend?
And pepperscam sent me an email that we closed your positions. You and paul are still speaking about margin requirements and leverage reducing!!!
Your messages and wrongs are very simple, so there is no need to spend lots of time for an answer. But you spent more time than me, you have more messages than me, you are online more time than me in my thread. So it is showing that you love pepperscam more than everyone J

Quoting PaulDaemon
{quote} Thats true for dealing desk brokers. They hedge against your trade because if you win they loose so at worst they end up at a break even plus spreads and commissions. Unlike pepperstone they pass your position straight though to the interbank market so they want you to keep trading. The more you trade the more commissions they get. Brokers like pepperstone love scalpers and hedgers because they make a kiling. In comparison to a broker like FXCM where they dislike scalping and dont allow hedging. If you do this they will cut your positions....


Ah paul you are really funny man! Yes they are real b book broker which is strongly connected to the interbank market. I opened my positions on friday, they pass my positions to the interbank market and they closed my positions at the weekend via interbank market conditions which is closed ))
And you are writing here that your account manager told you that we are not market maker and you added screenshot of their website that shows we are ECN broker. Yes, it is proof that pepperscam is real ECN broker ))))
I saw you wrote here the objective sentence firstly, look below what you wrote:
Quoting PaulDaemon
{quote} they do not operate a book system.

It is first true sentence of you, yes they dont operate a book system, they operate b book system.

Quoting Aussi
{quote} hha hehhe you should calm down

Aussi, can you please explain why you are unhappy because of this message and you want him to calm down. Did you afraid to meet someone in the street )

Quoting mindspeculat
{quote} It has to be very annoying for profit.erol to read Pepperstone's employees posts. It can be seen from the moon that PaulDaemon is not just walking by ... Now a question for PaulDaemon/Pepperstone. How did you manage to close a transaction over the weekend in a STP/ECN system when everything is closed and shutdown? I don't want to hear your answer ...I just hope one of your scammed clients will meet you on the street.


No man, I am very happy to read their posts J Paul is affiliate of pepperscam, it is easy to see in his profile. The real pepperstone clients wrote here that I am happy or unhappy with them and go the another thread. But some of users are following my thread more than me, because it is problem for them. It is proof that they are not only the clients of pepperscam.
But I have to thank them because they are motivating me. I found pepperscam's new broker name and the website is redirected to pepperscam website.So I bought new websites, I will deal with websites and share pepperscams strories. My new websites:

http://123fxreview.com
http://123fxscam.com

When you enter 123fx.com it will redirect you to pepperscam website.
Quoting profit.erol
{quote}{quote} If I write here again and again and again, you understand me but you are writing like you did not understand. I dont want to write here you are idiot, stupid etc. Like you wrote disrespectfully. Because you understood everything, but it is not good for you to write here which is not correct. What are you talking about margin requirements? Did you understand my positions are opened at the weekend and closed at the weekend? Is there anyone who hear stop out clients at the weekend? And pepperscam sent me an email that we closed your...
The interbank market is open 24/7 only closed to retail traders. infarct there are some brokers that allow weekend trading to retailers.
20 Pips a day keeps centerlink away
Quoting profit.erol
{quote}{quote} If I write here again and again and again, you understand me but you are writing like you did not understand. I dont want to write here you are idiot, stupid etc. Like you wrote disrespectfully. Because you understood everything, but it is not good for you to write here which is not correct. What are you talking about margin requirements? Did you understand my positions are opened at the weekend and closed at the weekend? Is there anyone who hear stop out clients at the weekend? And pepperscam sent me an email that we closed your...
"they pass my positions to the interbank market and they closed my positions at the weekend via interbank market conditions which is closed"

This is what happened. They will pass the positions to ECN under normal conditions. They will review their customer positions and those positions that represents a risk for the broker will be closed.
Had you put more money in the account to prevent the impending margin call and then if the broker would have still closed your trades that would be a real issue.
All forex brokers are "criminals" your money is always at risk (market risk and broker risk)
Not only do you have to mind your open positions but also pay attention to your broker's shenanigans. Let's say you do want to prevent a margin call, so you transfer some adequate funds but the wire is "late" and the margin call does happen (;
Quoting PaulDaemon
{quote} The interbank market is open 24/7 only closed to retail traders. infarct there are some brokers that allow weekend trading to retailers.
Ya, earlier I seen Oanda allowed me to place trade on saturday . Anyway we shouldn't add any value to topic ..leave OP to do whatever he like.
Now Op opened 2 new websites so lets see what are going to happen .
Never Gamble Forex
my advice to the OP would be to take the $ 1750 and run

drop all your claims and websites , coz if you insist you can forget the $ 1750 too
Quoting Mingary
{quote} "they pass my positions to the interbank market and they closed my positions at the weekend via interbank market conditions which is closed" This is what happened. They will pass the positions to ECN under normal conditions. They will review their customer positions and those positions that represents a risk for the broker will be closed. Had you put more money in the account to prevent the impending margin call and then if the broker would have still closed your trades that would be a real issue. All forex brokers are "criminals" your money...


Quoting PaulDaemon
{quote} The interbank market is open 24/7 only closed to retail traders. infarct there are some brokers that allow weekend trading to retailers.


My positions were not currencies, they were IT40. Are you telling me that IT40 is opened on Saturday night ))
If it is opened and it means there is new price. So tell me why my positions' closed price is same price on friday 18:40 (it40 market closing)

Please stop doing it, the people are laughing you. Same 4-5 users are writing same messages here, unfortunately it doesnt shown you are right ) It is just proofing you are not just client of pepperscam.

Quoting MXT
my advice to the OP would be to take the $ 1750 and run drop all your claims and websites , coz if you insist you can forget the $ 1750 too


Thanks for your advice. But the issue is more than money anymore because of pepperscams affiliates and employees here.

Quoting yesyoucan
{quote} Ya, earlier I seen Oanda allowed me to place trade on saturday . Anyway we shouldn't add any value to topic ..leave OP to do whatever he like. Now Op opened 2 new websites so lets see what are going to happen .


If you see any updated price for IT40 at the weekend, please show me i will give you whatever you want.
As you wrote me, please dont add your value to topic and you and other some users are writing same things. It is enough to write same opinion in one message, if it is logical, I will pay attention it.
Quoting profit.erol
{quote} {quote} My positions were not currencies, they were IT40. Are you telling me that IT40 is opened on Saturday night )) If it is opened and it means there is new price. So tell me why my positions' closed price is same price on friday 18:40 (it40 market closing) Please stop doing it, the people are laughing you. Same 4-5 users are writing same messages here, unfortunately it doesnt shown you are right ) It is just proofing you are not just client of pepperscam. {quote} Thanks for your advice. But the issue is more than money...
Sorry. IT40 ?
then this was an internal adjustment .. They removed your positions from their book. Any fx broker can mess around with your account any way they want when it suits them.
Probably saw you were way over leveraged.
Quoting profit.erol
{quote}{quote} I found pepperscam's new broker name and the website is redirected to pepperscam website.So I bought new websites, I will deal with websites and share pepperscams strories. My new websites: http://123fxreview.com http://123fxscam.com When you enter 123fx.com it will redirect you to pepperscam website.
Finally an experienced person dealing with bucket shops. It's going to be a bad start of 2017 for Paul/PaperStone.

Listen Paul ... I understand the point of view of a broker managing risk and you could had increased the margin requirements for all CFD indexes but you chose not to, because you were greedy. You were hoping the "gamblers" will lose...but they won and you lost. And you hate losing because you have a "business" and you decided to play the wild card and not to pay.

It is YOU, PaperPaulStone who gambled over italian referendum because it is you who took the risk over the weekend. You have a business and you acted irresponsibly. YOU are the Gambler. Profit.erol did a very good trade from a risk/reward perspective, he had limited risk with a big potential profit.
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