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 mission is to create a world of tech-enabled trading where ambitious traders can embrace the challenge and opportunity of global markets.
Pepperstone offers CFD trading to both retail and professional traders worldwide and in the UK we also offer spread betting. Clients can trade FX, indices, commodities, shares, ETFs and more on a choice of 4 platforms Tradingview, MetaTrader5, MetaTrader4, and cTrader in addition to their own Pepperstone platform already available in some regions (Australia, Africa, MENA) and launching in Europe this March 2024.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone
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Your one is not a fair review.
Look at the margin level. It's 37.31%. Way below the 100% and almost near 20% of margin stop out. You might have reached 20% stop out and Pepperstone closed your position. You should always keep a higher margin level in order to prevent from margin stop outs.
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Pepperstone is real regulated SCAM!
Pepperstone is real SCAM who are closing your profitable positions without informing you eventough the market is closed.
I opened an account with Pepperstone and start trading on IT40. I opened some positions and my account is stop out. I deposited money again and open IT40 positions again on friday. And there was Italy referandum on the weekend. My positions were still opened after market closing on friday and they closed my positions on the weekend.
Then Pepperstone closed my positions on sunday night by saying that "we are invoking our rights to close out the trading contracts due to the abnormal conditions - Italy referandum" It means they understood that I will have profit because they see Italy referandum result. The reason is not important but it is totally unacceptable. They offer me 1750 usd compensation payment in order to solve this issue, but I don't accept this. Because if they did not close my positions, my account's balance should be 7577,83 usd on first second of market opening.
These positions number are #486534 + #486542 + #486535 + #486537, you can see on statement that I wrote screenshot link in below.
I am showing screenshot of opened positions after market closing > http://prnt.sc/dk7do3
You can see that they closed my positions on the weekend – 03.12 > http://prnt.sc/dldpg3
It is showing that Pepperstone is real SCAM. They closed my positions on the weekend because of abnormal conditions. Abnormal conditions means that I will have good profit if they did not close my positions. I did not accept their offer which is 1750 usd, because if they did not close my positions, my balance should be 7577 usd at least. If they don’t have mistake, they will not want to offer me compensation.
I saw their FCA and ASIC regulation, so I thought they are good broker. Be aware and don’t deposit them even 1 usd!!!
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BIGBEST AND BIGEST FRAUDULENT BROKER THEY WILL MAKE SURE THEY HUNT YOU STOP LOSS UNTILL YOU BEEN KICCK OUT DONT TRADE EITH THEM AT ALL
SURPPORT WILL MAKE GEST OF YOU WHEN YOU REPORT ISSUE
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Hi There....May I know from traders using this broker since 2015 (and also from the broker itself), how did this broker react to SNB sudden intervention on CHF with movement of over 2,000 pips in few minutes in Jan 2015..? Was STOP LOSS filled for who were long on CHF pairs? or it was large negative slippage like most of other brokers without filling any SL?
Regards,
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A solid broker overall, definitely a one to consider. I have been testing it for a while and all seems stable with their raw spreads, except some big increases during market news. I like that they have different accounts to choose from, but it can get confusing at first glance. Their customer support is greatly helpful.
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We are experiencing some issues with our server edge 03, we have contacted the programmers and we are working as fast as we can to solve situation If you have trades that were negatively impacted, once the situation is resolved, we will need to start a trade investigation please see the following form and send the details to [email protected] https://pepperstone.com/open-account/forms/Pepperstone-Trade-Investigation.pdf
What a shitty company was not able to put SL or close or Open positions shame on companies like this
better deal with some better company else then dealing with this and lossing your money since u will not able to put SL or close the trades on profit
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Pepperstone is a total disaster lately with huge slippage especially with overnight trades. Spreads have been marked-up. Strange broker.
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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.
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Take Care ! Thay have increase dramatically their Dow spread from 1 to 3.😇😂
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Can anyone comment on their MAM/PAMM accounts? I heard they have some rather odd requirements.
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I've been using this broker since September and everything is fine.
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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.
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Can't complain about the execution speed, it also has 0.5ms from Beeks VPS, the liquidity, the spread (I have yet to detect any mockups here) all good.
They offer maximum leverage on any account size. Very few brokers give that to 100.000$+, or even 50.000$+ accounts.
Higher comission than many other brokers. But for long term trades they take less swap charges than say fxopen.
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I am also very pleased with their deposit and withdrawal quick system. With a previous broker I used to get my withdrawals 2/3 days later but with pepperstone it was overnight and believe me I was shocked. They had me since then!!:)
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Very good broker, highly recomended 😁
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I am over the moon with Pepperstone. Customer service is excellent, setting up a live account was painless. Their deposit and withdrawal process is so simple. I am very familiar with MT4, but decided to try their cTrader platform and really like it.
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I've received excellent service from Pepperstone so far. Their live chat feature is a fast way to get answers. Very knowledgeable staff to answer technical questions. Great deposit options if you have Australian bank account.
On 1 occasion I experienced slippage greater than normal so I asked for a liquidity report that covers 60 seconds before and after my trade execution time. I received the requested info within 30 mins and upon checking the numbers I can clearly see that the slippage was due to actual variations of market liquidity.
Anyone who claims to have been manipulated by Pepperstone (or any broker in general) needs to go and learn about market mechanics and risk mitigation. Reading wikipedia does not count as proper education. Perhaps then you will realise that without market makers taking on counter party risk, retail traders like us would not be able to participate in the market at the low cost and low risk that we have today.
Do you blame your car manufacturer for 'speed manipulation' when you are stuck in traffic because you choose to travel during peak hour? Let that sink in for a moment...
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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!!!!
