Pepperstone Review Scores
Pepperstone
Overall Score: 3.6 / 5
Total Votes: 386
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Pepperstone Discussion
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Jaypipin

Member Since Sep 15, 2011  80 posts ForexTU-James (Jaypipin) Apr 30 2019 at 08:11
yosi4088 posted:
The goal of this broker is that his clients will lose.
When I was with a real account, they tried to convince me to do 200 lot with an account of less than $ 1000.
  Before they seduced me I was with 1800 dollars (I deposited 1000) -
  After - the account has been deleted.
At the end after a million hours with them in the cht they agreed to give me only their profits from the transactions.
They blocked me from trading with them, but because they work with PayPal - I want to trade with them again after I find a good robot - but because I found a good robot they do not let me trade with them. I do not want to download another mt4 from another company and start looking for other companies


Why would they convince you to place trades of that size, its not possible even with 1000 leverage i dont think you would even be able to open a single position, what nonsense is this?

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Jaypipin

Member Since Sep 15, 2011  80 posts ForexTU-James (Jaypipin) Apr 30 2019 at 08:50
30 April 2019
Pairs GBPJPY and AUDJPY, Pepperstone experiences technical issues with liquidity providers (this was their comment)
I was filled 420 pips away from SL
Losing 20% of account capital

Buy 144.61 SL 144.302 filled: 139.637
Huge spike down at first bar of asian session. Clearly a spread gap of 400+ pips, so what next?
I have seen this before with this broker and days later, their servers update and shows no sign of price bar disparity issue.
Other brokers and websites show no price move at that time. I was requested to write to support@pepperstone.com

Lets see how they respond to my request for an investigation and hopefully a refund. Their LPs are manipulating prices as they see traders orders, did anyone else get burned?

Attachments:

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
Jaypipin

Member Since Sep 15, 2011  80 posts ForexTU-James (Jaypipin) May 02 2019 at 10:38
Pleased to report that Pepperstone refunded my account within 48hrs, i am impressed, granted i have been a client for 5+ yrs, so the amount of commission would be an eye watering figure. No one else had any issues on 30 April 2019?
Great service from Pepperstone, every other aspect of their service is supreme.

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
MountainKing

Member Since Apr 03, 2013  25 posts MountainKing Apr 27 at 06:07
No Paypal, Neteller, Skrill to fund account...


I trade with them >7 years. Definitly one of the good brokers.
Unfortunatly I live in the E.U.
First came ESMA -- I traded less with them.
Today I wanted to FUND my account --> only LOCAL BANK available.

Chat with Pepperstone support:

Pepperstone: 'if these options aren't available, then there is a restriction from PayPal or Neteller, where they don't allow the funding in your region.'

Me: 'What happened? no problem in the past!'

Pepperstone:
'We're not sure, it is an internal policies with PayPal or Neteller, not a Pepperstone policy '

------
The other australian brokers I trade with have no such restrictions (AxiTrader, ICMarkets).
No prior info from Pepperstone regarding restrictions.
So I am going to watch this for a while and will eventually put my money elsewhere :-/

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EURUSD 1.18416 GBPUSD 1.29218
USDJPY 104.563 USDCAD 1.32031

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.