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  • #161
  • Dec 30, 2016 2:57am Dec 30, 2016 2:57am
Quoting Mingary
{quote} 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.
You are wrong. A company cannot "mess around with your account any way they want when it suits them". That is mindset of a victim.

To determined if the position was closed lawful are steps to take: 1. advice from Financial Ombudsmen 2. if in favor, a case in NCAT tribunal. To OP, do that and you will see how Pepperstone will change their song. Dont listen to "brand managers" active in this forum.

It is not discretion of a broker or any other company to mess with clients mosey any way they want. That is utter nonsense. They HAVE TO ACT LAWFULLY AND THEY ARE INSTITUTIONS IN TO SET PARAMETERS TO THIS AND SIMILAR CASES. THAT IS HOW CORRUPTION IS CLEANED.
  • #162
  • Dec 30, 2016 3:51am Dec 30, 2016 3:51am
Not sure what you are on about I didnt loose anything i am not a broker but a trader.
20 Pips a day keeps centerlink away
  • #163
  • Dec 30, 2016 10:05am Dec 30, 2016 10:05am
Quoting kpclick
{quote} You are wrong. A company cannot "mess around with your account any way they want when it suits them". That is mindset of a victim. To determined if the position was closed lawful are steps to take: 1. advice from Financial Ombudsmen 2. if in favor, a case in NCAT tribunal. To OP, do that and you will see how Pepperstone will change their song. Dont listen to "brand managers" active in this forum. It is not discretion of a broker or any other company to mess with clients mosey any way they want. That is utter nonsense. They HAVE TO ACT LAWFULLY...


Dear kpclick – I already sent case to http://www.financial-ombudsman.org.uk/default.htm
I will do it same for NCAT as you recommend. Thanks for your advice.
I recommend you not to spend your worthy time in order to write answers to pepperscam funs who don’t have client relationship with pepperstone. They are writing and dancing by themselves.
It is easy to know that the real traders can’t spend their time to write me death threat via private messages or check my thread every minutes by spending more time than me or writing more messages than me.

Quoting PaulDaemon
Not sure what you are on about I didnt loose anything i am not a broker but a trader.


PaulDaemon – we know you did not lose anything. You are forwarding your visitors to pepperscam to lose their money through their platform. You just earn commission, if they lost big money, it means you forwarded them “Qualified trader” you can earn up to 500 usd.
Believe me it is not worth to lie people for 500 usd.
If you need 500 usd, i can give you free signals for 50 pips with 1 lot.
Please stop saying you are just trader or please remove your website link which has aff link of pepperscam from your profile page.
  • #164
  • Edited 11:43pm Dec 30, 2016 11:19pm | Edited 11:43pm
Quoting kpclick
{quote} You are wrong. A company cannot "mess around with your account any way they want when it suits them". That is mindset of a victim. To determined if the position was closed lawful are steps to take: 1. advice from Financial Ombudsmen 2. if in favor, a case in NCAT tribunal. To OP, do that and you will see how Pepperstone will change their song. Dont listen to "brand managers" active in this forum. It is not discretion of a broker or any other company to mess with clients mosey any way they want. That is utter nonsense. They HAVE TO ACT LAWFULLY...

One should not be so naive as to believe that any retail forex broker who must stay in business must constantly devise new ways to extract more money from the customer funds. Of course, they have to do it all within the boundaries of those annoying regulations.
Binary Options, anyone ? (;
  • #166
  • Jan 1, 2017 3:55pm Jan 1, 2017 3:55pm
Quoting yonseo
This thread is hilarious. I just saw the position sizing and couldn't help myself laughing. Profit.enrol, Others in this thread seemed to have addressed something (whether implicit or not) in this thread before but if you were wrong over the weekend and created a negative balance 7.5k, then would you have paid pepperstone what you owe them? It may seem easy for you to say yes but it is likely you will choose not to answer this relevant question. Because if you say no, then it reveals the double standard on your part and you are not even in a position...
Dear Australian yonseo, please say my good wishes for pepperscam if you can go their office.

thanks.
  • #167
  • Jan 2, 2017 2:24am Jan 2, 2017 2:24am
Quoting profit.erol
{quote} Dear Australian yonseo, please say my good wishes for pepperscam if you can go their office. thanks.
I will address the question again:

"If you were wrong over the weekend and created a negative balance of 7.5k, then would you have paid pepperstone what you owe them?"

If you are unable to address this question, then it's "pot calls the kettle black" hence "hypocrite.erol"
  • #170
  • Jan 2, 2017 2:38am Jan 2, 2017 2:38am
Quote
If you are still having problems with pepperstone maybe just open a new account with another broker and try you luck again. IC Markets are a good pepperstone alternative. Happy new year.
me to trade pepperstone but i am not success pepperstone..agian i am diposit ic market ic market best bloker australian i love ic market cheer
  • #171
  • Edited 5:35am Jan 2, 2017 3:58am | Edited 5:35am
Pepperstone have indeed changed the leverage on index CFDs. Here is what the current leverage on IT40, while looking at the screenshot in the first post - there is no way you had near enough margin for 20 lots.

So assuming they changed leverage on the CFD's on the weekend of the Italian referendum, at which point you got margin call.
I use Pepperstone and they never informed me they were going to change the leverage from 500:1 to 100:1 on their index CFDs. I suppose if I go back and reread their ToS there'll be something about reserving the right to adjust leverage without notification...

But they should, and that's why they offered the OP the deposits back I guess.
  • #172
  • Jan 2, 2017 4:03am Jan 2, 2017 4:03am
Quoting yonseo
{quote} I will address the question again: "If you were wrong over the weekend and created a negative balance of 7.5k, then would you have paid pepperstone what you owe them?"
I will address you a question as well:
Why didn't the broker close the position on Friday at the market close?

The answer is very simple: they waited to see how the referendum might play out. When they realized they'll lose money they cancelled the winning position.

In the "similar threads" which are active now other scammed clients are complaining against the same broker for using the Virtual Dealer PlugIn (https://www.you tube.com/watch?v=Ie9gbZjMqxs) to steal their money. That's why they offered the compensation to try escape the radar of authorities.

I write in this thread because it's the first time in my life when I see people protecting a broker and I appreciate profit.erol character for not accepting the bribe.
  • #175
  • Jan 2, 2017 8:11am Jan 2, 2017 8:11am
Quoting yonseo
{quote}
You are right but why didn't the broker close the trade on Friday to avoid this problem? The broker had this choice. Why wait for weekend when the market will be closed anyway? Wasn't the risk manager at work? Was it a mistake? There should be no double standard. As a trader when you make a mistake you lose, this time the broker made a mistake and it should lose.

Why take the money from a trader when the broker makes a mistake? Maybe profit.erol would have paid if he would have lost. If he wouldn't had...there are laws to deal with that.
  • #176
  • Edited 11:46pm Jan 2, 2017 7:52pm | Edited 11:46pm
Quoting mindspeculat
{quote} You are right but why didn't the broker close the trade on Friday to avoid this problem? The broker had this choice. Why wait for weekend when the market will be closed anyway? Wasn't the risk manager at work? Was it a mistake? There should be no double standard. As a trader when you make a mistake you lose, this time the broker made a mistake and it should lose. Why take the money from a trader when the broker makes a mistake? Maybe profit.erol would have paid if he would have lost. If he wouldn't had...there are laws to deal with that....
Your question:

"why didn't the broker close the trade on Friday to avoid this problem?"

You already answered this yourself based on your mere assumptions.

I also already stated that this question is irrelevant but you still don't seem to realize why.

Let's say the broker did close all positions at the market close. It wont change the fact that profit.enrol still has 4 losing positions at 17088.0 and it would still deprive him of the profits that would have occurred after the weekend.

Same goes for the traders who had buy positions at 17088.0 and would have had a huge loss after the weekend. Whether the position was closed at market close or whether the position was closed over the weekend, their huge loss would have been prevented.

This is why I said your assumption is unwarranted unless you can prove that the broker didn't close the positions of the traders who had BUY positions for IT40 while closing those who had SELL positions.

You also say that "maybe profit.erol would have paid" and this is the very question I asked profit.erol but he was unable to address it, hence you are not in a position to merely assume this either.

You also said there are laws to deal with those who didn't pay up. Do you honestly think pepperstone would be able to chase every trader outside of Australia who created a negative balance? So tell me... what laws deal with that and what proof do have that a broker was able to get the money lost from a trader that caused a negative balance?

Unless you are able to explain, you are merely speculating which suits your FF nickname.
  • #177
  • Jan 4, 2017 1:07am Jan 4, 2017 1:07am
Quoting PaulDaemon
{quote} If you are still having problems with pepperstone maybe just open a new account with another broker and try you luck again.
Quoting PaulDaemon
IC Markets are a good pepperstone alternative. Happy new year.


PaulDaemon I am happy to see that you got new partner deal with IC Markets. I dont have an experience with ICMarkets, but it is best, great, top 5, number 1 broker for you anymore and you will write same things that you wrote your previous affiliate broker pepperscam. Have a great affiliate commissions.

Quoting BubaYaga
Pepperstone have indeed changed the leverage on index CFDs.
Quoting BubaYaga
Here is what the current leverage on IT40, while looking at the screenshot in the first post - there is no way you had near enough margin for 20 lots. So assuming they changed leverage on the CFD's on the weekend of the Italian referendum, at which point you got margin call. I use Pepperstone and they never informed me they were going to change the leverage...


Pepperscam sent me an email that we closed your positions because of abnormal market conditions. There is no stopped out, leverage reducing etc. So it is not logical to speak about margin requirement, leverage changes etc.

Quoting yonseo
{quote} Your question: "why didn't the broker close the trade on Friday to avoid this problem?" You already answered this yourself based on your mere assumptions. I also already stated that this question is irrelevant but you still don't seem to realize why. Let's say the broker did close all positions at the market close. It wont change the fact that profit.enrol still has 4 losing positions at 17088.0 and it would still deprive him of the profits that would have occurred after the weekend. Same goes for the traders who had buy positions at 17088.0...


Yonseo Firstly unfortunately I dont have a lot of time for this thread to check every minutes and writing answer for every message like you. But it is good to see you are doing it. AND YOU HAVE ONLY 1 MESSAGE ON 2016 AND YOU WROTE 5 MESSAGES IN FEW DAYS FOR MY THREAD. I really have to thank you for your interest.

Answer for your messages:

We are speaking about broker who closed my positions at the weekend and my positions are IT40. It was not opened at the weekend. SO IT IS PROOF THAT PEPPERSCAM IS MARKET MAKER BROKER B BOOK. So what are you talking about? They will pay negative balance for their pocket??? They dont care about negative balance, they are afraid for high positive balance profit. Please stop talking about risk management, negative balance etc.
They did not close my positions on friday, because it was good for them if I my account is 0 or -99999999 usd(negative balance). They sent me an email on Sunday night that we closed your positions. So they see there is good profit potential.

And if they cancel my positions, they have to give back spreads, swaps and profit or loss of my canceled positions. But they did not give back, because they are not fair. Their risk managements subject is that we should protect us from high profit

Finally, we understood what you are defending and what you are trying to do. So please turn of yourselves to sleeping mode again like you did on 2016. It is not very important thread that you need to wake up and start writing more messages in few days than you wrote more than a year.
Is there another pepperscam fan from Australia or employee/manager from pepperscam???
May be you are just user who interests this thread, but there is user who wrote 1 message on 2016 and 5 messages for pepperscam in few days. So it is interesting

Quoting mindspeculat
{quote} I will address you a question as well: Why didn't the broker close the position on Friday at the market close? The answer is very simple: they waited to see how the referendum might play out. When they realized they'll lose money they cancelled the winning position. In the "similar threads" which are active now other scammed clients are complaining against the same broker for using the Virtual Dealer PlugIn (
Quoting mindspeculat
https://www.you tube.com/watch?v=Ie9gbZjMqxs)...


Dear Minspeculat Yes, pepperscam is great, incredible, very nice, problem-free, number 1 broker according to their messages. I could not see any broker that its clients are calling with these words. So it is showing that they are really stupid that their words are proving themselves. Their messages are proof that they dont have client relationship with pepperscam, they are affiliate-employee or manager of pepperscam!!!
  • #178
  • Edited 1:39am Jan 4, 2017 1:27am | Edited 1:39am
Quoting profit.erol
{quote}{quote} PaulDaemon I am happy to see that you got new partner deal with IC Markets. I dont have an experience with ICMarkets, but it is best, great, top 5, number 1 broker for you anymore and you will write same things that you wrote your previous affiliate broker pepperscam. Have a great affiliate commissions. {quote}{quote} Pepperscam sent me an email that we closed your positions because of abnormal market conditions. There is no stopped out, leverage reducing etc. So it is not logical to speak about margin requirement, leverage changes...
There is no doubt that it was in the broker's best interest to close your positions. Assuming of course that you were ok to assume such a risk yourself.
They probably were taking the other side of your trades and the risk was too great for them...
Not only do you have to think in terms of market risk but also in terms of broker risk. Never give a broker a chance to screw with your account, because they will.
  • #179
  • Jan 4, 2017 4:29am Jan 4, 2017 4:29am
Quoting Mingary
{quote} There is no doubt that it was in the broker's best interest to close your positions. Assuming of course that you were ok to assume such a risk yourself. They probably were taking the other side of your trades and the risk was too great for them... Not only do you have to think in terms of market risk but also in terms of broker risk. Never give a broker a chance to screw with your account, because they will.
Here is a story that I think should give you credit for using those words..."no customer ever made a profit"

https://smnweekly.com/2017/01/03/ex-...here-i-worked/

You are so right with what you said now as well.
  • #180
  • Jan 4, 2017 5:35am Jan 4, 2017 5:35am
Quoting profit.erol
{quote}{quote} PaulDaemon I am happy to see that you got new partner deal with IC Markets. I dont have an experience with ICMarkets, but it is best, great, top 5, number 1 broker for you anymore and you will write same things that you wrote your previous affiliate broker pepperscam. Have a great affiliate commissions. {quote}{quote} Pepperscam sent me an email that we closed your positions because of abnormal market conditions. There is no stopped out, leverage reducing etc. So it is not logical to speak about margin requirement, leverage changes...
profit.erol,

You are still dodging my questions because IMHO they reflect your double standard.
The very fact that you make an issue about the number of posts I have made as of late,
alongside the claim with regards to who has time to post or not only shows you have nothing to prove.
How does the number of my post prove anything for you?

Yet you spend time writing a lengthy post such as above.
Do you have time to post or not?

The burden of proof is on you unless you can prove that you have paid brokers for any money owed to them due to you creating a negative balance.
Any experience trader knows that trading with such over sized positions over the weekends frequently would lead to negative balances.
Unless of course the broker decides to close the positions over the weekend.
Hence if this is the way you trade, then the obvious answer is right there.

Remember, neither you or the broker knew the outcome of the IT40 move after the weekend.
Only in hindsight you knew you would have profited which is why I addressed the very question originally.

What about the other traders who had large accounts unlike you but had SELL positions on IT40?
Did pepperstone close their positions as well over the weekends as well?
If they did then why aren't they complaining like yourself?

In fact, such traders do have a right to make a claim because even if they were wrong they would NOT have created a negative balance.

But look at your large position size in contrast to your small account size. Why would pepperstone take the risk of letting you do a runner if your wrong?

The fact that you don't realize this only reflects your loser mentality as a trader.

After all, they say that "a poor workman blames his tools"
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