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.
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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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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?
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Very good broker. Customer Service is excellent. I am highly satisfied.
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Same for me, no complaints at at all.
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i had a big win on non farm payroll news, then after that the news trades were not good,
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Excellent trading environment. Smooth withdrawals. Did not face any problem at all.
By far the best Australian broker.
Highly recommended!
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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
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Just wanted to post n' mention that I've been happy with Pepperstone for years now. They always come through on the customer service portion, and their execution speeds are seemingly impossible to beat when it comes to any other brokers I've tried. I also experience way less negative slippage with Pepperstone than I do with other brokers.
Great broker. It's the one I reccomend first to friends.
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I read their term & conditions:
3.5 We deposit all money paid by you into our trust account, which is an account operated in accordance with the Corporations Act. You agree and acknowledge that:
...
(f) we may use your money from the trust account for the purpose of meeting obligations incurred by us in
connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in
derivatives by us (including dealings with our Hedging Partner), including dealings on behalf of other
clients. In the case of amounts withdrawn under this clause 3.5(f), the amounts are held in one or more
accounts in the Hedging Partner’s name in accordance with the Corporations Act.
...
If they segregate client's account, why they can use it? could anybody explaining this in simplier language?
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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 > https://prnt.sc/dk7do3
You can see that they closed my positions on the weekend – 03.12 > https://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.
