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Offline rod178

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US-based US Citizen.  I can't use Pepperstone.

I'm often perplexed, given it's history, as to the reason why US citizens put up with the erosion of their rights. It seems to an outside observer that the Regulatory Authorities are more concerned with the vested interests of the 'Power Elites', rather than the individual rights of the citizens they are supposed to represent.
Better a Goat than a Sheep. Better a Shark than a Fish

Offline sqa

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I'm often perplexed, given it's history, as to the reason why US citizens put up with the erosion of their rights. It seems to an outside observer that the Regulatory Authorities are more concerned with the vested interests of the 'Power Elites', rather than the individual rights of the citizens they are supposed to represent.

Depends on which area of rights you're looking at in the USA.  But the erosion in certain areas is quite distressing.

But this isn't technically an erosion.  It's due to FACTA from 2009/2010.  Which is how the USA has been smashing up the banks of other countries for the last few years.  So it's the brokers that choose not to take US Citizens, as they would have reporting requirements to US authorities.    Though the bank stuff is really terrible for US expats.  Hopefully when we don't have a Chicago Machine-type government, we'll correct a lot of the thuggish laws added.

Offline sqa

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This issue is also not unique to the USA.  Japan also put limits on Japan-based traders as well, via their financial regulatory authorities.  It's the reason the major brokers have Japanese versions that offer different leverage.

And, in general, for as much as it sucks that I can't use Pepperstone, for large, institutional stuff, the US-based brokers are really good.  Which is really where the game is played in this stuff.  Us small-timers that do decently are extremely rare.  To the point that killing leverage or closing down Retail in Forex is a logical option.  They don't seem to have a desire to do that, yet, but it's not the easiest argument to make when only 5% are net profitable.

Offline rod178

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Japan is not exactly a 'free" democracy, it is controlled by large Oligarchies. The same that made The Mitsubishi Zen etc etc.

Nevertheless I find it ironic that you are not permitted large FX leverage, as you may hurt yourself. You are however, 'trusted' to own (semi) automic weapons.

Even though I lean 'Right' of Genghis Khan I still feel that i'm missing something. Then again, maybe not.
Better a Goat than a Sheep. Better a Shark than a Fish

Offline the golden gun

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Japan is not exactly a 'free" democracy, it is controlled by large Oligarchies. The same that made The Mitsubishi Zen etc etc.

Nevertheless I find it ironic that you are not permitted large FX leverage, as you may hurt yourself. You are however, 'trusted' to own (semi) automic weapons.

Even though I lean 'Right' of Genghis Khan I still feel that i'm missing something. Then again, maybe not.

In the US, if you trade, you're supposed to buy DJIA, SP500, or NASDAQ. You're supposed to just keep buying because stocks always go up, and that is the safest way to invest, so you better do it!!

Offline rod178

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In the US, if you trade, you're supposed to buy DJIA, SP500, or NASDAQ. You're supposed to just keep buying because stocks always go up, and that is the safest way to invest, so you better do it!!

The gun is always handy at the end of the bull run
Better a Goat than a Sheep. Better a Shark than a Fish

Offline sqa

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I have known quite a number of 6-8 year old boys who were very capable shots with long-guns and very careful with their weaponry.   Trading is littered with extremely wealthy individuals who have lost fortunes.   So I don't really see overlap.  Weaponry is a necessary tool for the survival of a culture (much like farming, natural resources and shelter).   It's also a lot easier to learn to be careful & good with it than Trading.

Offline rod178

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The 'overlap' is simple. Does the 'State' have the right (invade your rights)  to protect you from yourself?

I'd rather made my own decisions and take the consequences
Better a Goat than a Sheep. Better a Shark than a Fish

Offline Jack

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I'd rather made my own decisions and take the consequences

Ok.. as off topic as this is.. :P

I wish everyone had that mentality, but sadly the number of people who'd rather externalize their faults and failures (combined with the many who speak your ideals only to change their tune once things get hard,) are large enough to reward politicians who push a 'government takes responsibility' cause with power.

That, plus, I fear there's a portion of the population who simply don't wish to invest in themselves enough to make informed choices, or be able to see the hazards of their choices for that matter.

Not supporting a nanny state of course... just saying.. it's never a simple black and white answer, both practically and morally.
Morning form Greece  ;)
3 weeks trading a small account with pepper and things seem to be perfect. Fast execution, customer service and spreads are great. I hope things continue the same in the future when i have to withdraw my first million  :)) . Have a nice NFP day.

ht

Offline Jack

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Pepper revamped their website:

http://pepperstone.com

Looks good.

Appears the min spread on EUR/USD goes to 0.0 now instead of 0.1.. most other pairs are still 0.1 pips minimum.
Top outfit.

Had my doubts regarding the world of Spot FX having done all my Currency trading through CME and hearing the horror stories of Spot.

Pepperstone provide tight spreads, crisp executions and stable reliable connection.
Dealing with Pepperstone support, back office and trading desk has always been first rate.

I recommend Pepperstone and will continue to do so until I report differently.

----------------------------------------
I have no affiliation with Pepperstone other than an active trading account.

Slippage has been a concern of late.
It is becoming an issue with the scalping side of my business.

They are on watch for me..
Slippage has been a concern of late.
It is becoming an issue with the scalping side of my business.

They are on watch for me..

In the interests of ongoing disclosure.
I am currently doing due diligence on atom8 and Darwinex.
I still have active account at Pepperstone at this moment in time.
How MT4 links to the market



you can't enter the order book directly

build a custom fix api solution to the game and hook up to their api link.

s
" perceptual creativity is the ultimate source of edge. "
How MT4 links to the market



you can't enter the order book directly

build a custom fix api solution to the game and hook up to their api link.

s

cheers s,

I'm leaning towards darwinex, as we have discussed.
I see their api is $500us month
wouldn't take long to recoup that over the course of a month.

t

Offline Jack

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This is interesting.. FIX through cTrader's backend is now available so you can use FIX for automated trading without having to qualify for Pepper's direct FIX connection requirements (which are here: https://pepperstone.com/en/trading-platforms/api-trading )

New cTrader feature - FIX API

Quote
FIX API
Every cTrader account is created with a set of FIX credentials, this is done regardless of deposit size or minimum volume requirements. The FIX API can be used to receive market data or trade via the corresponding cTrader account from an external system or platform.



https://help.spotware.com/FIX

Offline rod178

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http://ctdn.com/forum/ctrader-support/9960

1) With FIX API you will not receive prices directly from LP, the prices will be those that the respective broker provides

2) There will definitely be the improvement in execution time and latency, although you will still be connected to the broker's servers.

3) Yes, you will be able to view the full order book

4) A number of market depth  levels will depend on the broker.

Answers to the questions 5-7 you can find in cTrader FIX API specifications https://help.spotware.com/FIX
Better a Goat than a Sheep. Better a Shark than a Fish

Offline Jack

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Soft commodities launched at Pepper.

https://pepperstone.com/en/forex-trading/soft-commodities

Cotton, Sugar, Coffee, Cocoa, and Orange Juice

Offline Jack

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Noticed a reference to the FCA on Pepper's main page, and looked them up in the UK's FCA member directory.

Looks like Pepperstone is now regulated by / registered with / authorized to deal by the FCA:

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000nQHG2AAO

That's a good step. I wonder why they aren't making more noise about this.