Pepperstone
Today, Pepperstone is also based in the City of London, Dubai, Düsseldorf, Limassol, Santiago and Nairobi and prides itself on the award-winning service it has delivered to over 400k clients worldwide. Our m
Pepperstone
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Arguably the best broker ever, I cant ask for more.
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Fast (instant) deposits, fast (overnight withdrawals, fast support and good pricing.
IMO quite possibly the best retail broker in Australia.
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Used to be good not any more for me.
They have a very nice dealing desk to manipulate your trades. If you are simply trading with your EA without watching your log files, then you can continue trading hoping for making profit someday!!!
They send wrong price quotes, or delay the execution to 700 ms or simply send a slippage of 8 pips in every trade once you make some profit.
I use a stoploss of 5 pips though they claim to accept 1 to 2 pips, but trades get closed at -15 pips of loss on every trade just within few seconds!!!
Hence, STAY AWAY from this broker!!!!
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Me on the other hand, has not gone bad with this broker.
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I especially like their instant deposit methods and the ability to move money between my accounts in real time.
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Thanks for this info guys! I was about to deposit a fair amount with Pepperstone, I will not now..
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This is something I saw on two separate accounts that same trade - one was filled like yours, the other was filled with reasonable slippage - both filled at the same time - big delay from order firing. Pepperstone have just brushed it off as being down to liquidity and hence spreads....the numbers were as you have said, way off the chart for any brokers price at the time. ridiculous.
Avoid Pepperstone at all costs.
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On July 10th PEPPERSTONE has slipped a USD/SEK market order by 200+(!), i.e. TWO HUNDRED PLUS PIPS! Seriously! It was a devastating loss with 8 lots.
I could never imagine that a 200+ pips slippage can happen. At least not with Pepperstone. The INVISIBLE spike had never even showed up on their charts! They just filled the order 200+ pips away from the actual market BID/ASK.
Pepperstone's official response: "This price was a lower tier offered by liquidity providers and as such is not represented on the chart - only top levels of liquidity is displayed."
How convenient...! In other words they can fill any order at ANY price and get away with it.
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Regulated. Excellent service. Clean, easy to use website. cTrader available. Spreads acceptable. Commissions no worse than anyone else.
Recommended.
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Up until recently I had 3 accounts with Pepperstone running different EAs (total deposits of around $200,000). I have to say the customer service was excellent every time I had to contact them - and really quick (both by email and using the live chat). Having used other brokers as well, the interface for managing and viewing accounts was pretty slick, and the performance of the accounts compared well. At one point I had both the commission (Razor) and non commission (Edge) accounts running side by side and the Razor account outperformed quite considerably, which begs the question why anyone would want to use the standard account. Anyway, I had to close all accounts as have a better tax free alternative in the UK (spread betting using MT4) - spreads not quite as good but preferential tax position trumps spreads on this occasion. Were it not for this, I would definitely still be with Pepperstone, so FWIW I thoroughly recommend.
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very bad customer service. they detected me chatting from US IP, and here is the conversation
me : i have question about account details
customer service : your chatting from USA, i can not assist you at all. have great day!
you left the chat room.
oh really? this is guy anti USA or what? im chatting from US VPS goddamn!. he did not even give me chance to say that.
the bigger company the shittier service i guess, they dont give a shit to lose customer.
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Pepperstons has a A and B book, they even say this in their terms of use!
They are not true ECN either as they only forward market orders to the ECN grid, same is true for IC Markets.
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The spreads are terrible on the Razor account if you add up the commission & swap its higher than FXCM standard account. This can not be true ECN raw feed. They seem to run an A & a B book
I hate it when Brokers place from 0.3 pips to 6.8 pips u see the 0.3 for a split second of the day & you stay trading at 6.8 pips
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They are so good now, guy. The price is the same as Onada and withdraw is ok.
I think you hate them. you just want everyone to go far away.
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Hi all,
This broker is not a good as they are advertised on many forums. They will try to pass bad slippage on you if you are in a losing trade to make your loss wider. But if you are in a winning trade, they do not pass good slippage to you
Please be careful with this broker - I recommend you Dukascopy or MBTrading
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I have been trading with Pepperstone for quite some time now, both demo and live.
First i was worried because the demo platform seems to freeze a lot, at least it does here.
But the live platform has got no problems, no freezing at all, very fast execution, good customer service, ...
Very happy with this broker, soon am going to make larger deposit and starting a PAMM.
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I've been trading live with them for a few weeks but so far so good. Execution is fast, the spreads are good and the customer service is excellent. The only problem I had with them was with funding my account, it took over a week! other than that I encourage traders to go for them.
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Opened an account edge razor, and during the deposit I stubled upon the "Bank of Australia" fee...its 3% on the non AUD currencies and 1.8% on aussie. Now i was going to deposit 2000 EUR, actually i wasn't planning to begin trading relieved of 60 euro just from the start -.-
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Well, not much experience with other brokers but apart from the occasional freezing (which might be as a result of my internet service provider, i find the great) i find
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Been with Pepperstone for over a month. Not a great length of time to evaluate. But so far so Good, I run 6/7 EA of the same account. only problem i have encountered is that it does disconnect like Steve mentioned. Customer services is ok. i have seen better at fxopen but it is bearable. Spreads are not as good as some brokers like fxopen and icmarkets via an ECN account. But its working good till now. So dont fix something which isnt broken. Also they have direct raw data feed giving virtually 100% tick data. And there servers are located in the equinox data cente NYC. So there back end latency is brilliant. coupled with CNS VPS having a direct link to there servers makes this service great. so the few pips you lose in spread you more than make up in slippage with other brokers. the old saying "you cant have your cake and eat it." Hope this helps :-)
gchads
