Pepperstone Review Scores
Pepperstone
Been using this broker for over 5 years now. The broker was a revelation when they pushed out the Razor Edge account type, trade execution was simply flawless, pending orders get executed +/- 0.1 pip slippage, which is not bad at all. market orders in a extreme new event could slip a little more. but no body should try to catch trade during those times.
otherwise the broker provides a comprehensive selection of deposit method, customer service is excellent and very responsive.
Swaps are reasonable especialy on EURUSD short trades, some broker would have negative swap on that but Pepperstone could still deliver a positive swap on positive interest rate carry trades even if EUR and USD interest rates spread are marginal.
Pip spread is without a doubt one of the tightest I've seem especially in active markets, Asia Market is understandable to have a slightly wider because of a lower liquidity in the market.
but what this broker does far better than most is that they do not place trades against you, they route order to different dark pools to get the order fill instead of having to take up the risk themselves, (something that has shown to kill a lot of brokerages risking investors funds, like FXCM and Alpari UK), the fact they do not hold trades in their books should ease some investors' mind on the security of investors' funds.
At last, this broker process fund withdrawal the fastest I've seen, as long as the money you withdraw to is on the same account name as the money you deposited from.
Overall, very positive feedback for Pepperstone, and 5 years working with them built enough trust for me to use their services for another 5 more years to come.
otherwise the broker provides a comprehensive selection of deposit method, customer service is excellent and very responsive.
Swaps are reasonable especialy on EURUSD short trades, some broker would have negative swap on that but Pepperstone could still deliver a positive swap on positive interest rate carry trades even if EUR and USD interest rates spread are marginal.
Pip spread is without a doubt one of the tightest I've seem especially in active markets, Asia Market is understandable to have a slightly wider because of a lower liquidity in the market.
but what this broker does far better than most is that they do not place trades against you, they route order to different dark pools to get the order fill instead of having to take up the risk themselves, (something that has shown to kill a lot of brokerages risking investors funds, like FXCM and Alpari UK), the fact they do not hold trades in their books should ease some investors' mind on the security of investors' funds.
At last, this broker process fund withdrawal the fastest I've seen, as long as the money you withdraw to is on the same account name as the money you deposited from.
Overall, very positive feedback for Pepperstone, and 5 years working with them built enough trust for me to use their services for another 5 more years to come.
I've been using this broker since September and everything is fine.
Hey, what about MY dreams?
Should also add I had no problem withdrawing 33000$ (profits) earlier this week.
Can anyone comment on their MAM/PAMM accounts? I heard they have some rather odd requirements.
Take Care ! Thay have increase dramatically their Dow spread from 1 to 3.😇😂
A breath of fresh air after enduring months of frustration at IC markets (how come these con artists are still allowed to operate?). Stop orders are most of the time filled at my set price under normal market condition. Support is blazingly fast (or was I being lucky?). Got my answer literally within minutes. Nice functional client portal and possibilities to withdraw without expenses if you are an international client. Only downside is that totally ridiculous name. Otherwise very good broker for me.
Garbriel21
Member Since Dec 20, 2012
25 posts
Apr 19 2016 at 06:25
Pepperstone is a total disaster lately with huge slippage especially with overnight trades. Spreads have been marked-up. Strange broker.
When I win I win small, when I loose I loose it all!
Ashley Lemmer
(FX1973)
Member Since Nov 20, 2014
12 posts
Apr 19 2016 at 06:34
I am still happy with them. Are you using the Payback service that Myfxbook is offering? The brokerage will mark up the spread then. Think about it, they would not be making anything. It happened to me and I reverted.
Find your passion and make it work...
@Gabriel21 Wondering who's agenda you are serving here. This is one of the best broker for retailers. Ever since I left IC Markets frustrated (if you want to see slippage and manipulation in action this is the broker to go to) I could not have been happier with Pepperstone. I must have used a dozen of brokers over the years. Spreads widen everywhere over night (the asian session) due to decreased liquidity but tighten again round London open.
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