Do not make the mistake I made by not confirming "maximum spread"! Ask pepperstone for their maximum spread for each pair you want to trade and make sure they email it to you in writing. Pepperstone spread can go as high as 50pips for GBP pairs etc but they don't tell you that on their website they just tell you the minimum and average spread (the average spread is even questionable). Most people stoploss are below 50 pips this means your stoploss can be activated by the spread alone and your take profit (for sell position) can be pushed 50pips away due to spread manipulation from the company. Hence, the reason majority of traders lose money. Spread is one of the major tool used by companies like Pepperstone to swindle their clients. If you complain they will say it's due to low liquidity. In my case they say it's due to low liquidity caused by bank holiday but then I responded "The spread has reduced back after my position closed but we are still in bank holiday" they didn't know what to respond but said "I agreed to their terms and condition." I have told the company I will let people know about their dishonesty and they should be transparent enough to publish their maximum spread for each pair on their website, so they can be held accountable when they deviate from it. My advice is "do not fund your account or trade if your not provided in writing the maximum applicable spread. note without maximum, it means the spread can be increased to infinity. Therefore you can be wiped out anytime no matter how good your entry position". Be wise!
The platform sucks. The spread does not work according to the spread stated on their website. I was trading indice on their platform. Comparing with investing.com, when market is opened, the spread is 10 points differences. When market is closed, the spread is 20 points difference. Never trust this platform and all MT4 platform! They are there to suck your money.
Poor customer service! I had an IT fault in my client area page and they didn't respond to my ticket for 5 days! I contacted them 6 times and each time they were sorry and promised me the problem will be solved by end of the day but nothing happened! Same scenario again and again! I will never come back to this broker again! very very poor customer support
I believe you will find this broker quite useful, especially if you are trading via a platform such as Meta Trader. It's also useful if you are developing trading strategies in MT4 that backtests your expert advisers. This is why I trade through this broker. First of all, all aspects of trading are described. You can also learn various testing methodologies and discusses all issues in a community. There are many traders and experts to learn from. Broker offers toolbox where you can use statistical tools to analyze the performance of expert advisers. In my case, I got some robust EAs with stable track record based on moving averages, channel breakouts, momentum, etc. Most importantly, it's the honest company i work with for almost 3 years and very satisfied. Very easy for trading
Hey, Maxx. Don't be so stupid about mismatching spreads or somethings like that. Zero spread always means possibilities. It can be in some cases when market is flat. But I've never had spreads below 1 point. And believe me, my experience with pepperstone relatively good. I trade only crossings and really enjoy my results. I'll tell you that if you don't test how company works, you will never gain profit. I've tested this broker on demo, tested on small account and made several withdrawals. For me it's completely reliable company that gives me sense of stability and no matter if there are spreads more than zero.
This is Australian company with lots of features and instruments for trading. But I'm not satisfied regarding work of my expert advisors on pepperstone platform. I mean MT4 platform and automated strategies execution. The problem is not in a bad execution, but in mismatching their declared spreads and real spreads on main currencies. Right on the website, you can see that spreads are as low as zero pips. I've never seen such a low spread by trading on metatrader. You won’t regret if you miss this company. But if you don't care about $200 of deposit, you can try. Maybe in manual trading you'll have better spreads as they say.
The spreads on major currency pairs are unbelievable and what's more precious, their bonus offers sound simply amazing.
Choosing a broker is not as difficult as it appears at first sight. However, it is important to find the right approach to this matter. First off, this means studying reviews about Pepperstone. When making their choice, traders take various criteria into consideration, including: years of broker's operation in the forex market, broker's reputation, their trading conditions, and much more. At the same time, clients' practical comments about the company are equally important. It is recommended that before getting registered with Pepperstone, a trader gets acknowledged with comments of the broker's clients who have real experience of trading with this company.
Promotional terms as well as information published on the official company site are not always objective, therefore they don't give a 100% guarantee of faultless broker's performance.
We introduce original reviews and comments on Pepperstone. They have been written by actual or former clients of the company.
Pepperstone Financial is a forex broker providing advanced trading solutions suitable for experienced traders and at the same time simple enough for the novices in the currency markets. Pepperstone helps retail investors in using trading currencies as an asset class and part of their investment...
Regulation: ACN 147 055 703, AFSL No.414530Pepperstone trading information
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