Pepperstone Feedback

Tauranga

Well-Known Member
Hi Jack, thank you kindly for your help, I tried following the instructions on the Pepperstone page this morning but I am having difficulty as when I get to the 'Properties' part, I do not seem to have this showing on my MT4? Unless I am looking in the wrong place! Appreciate your help as always. ;)
 

Tauranga

Well-Known Member
:-[ Oops my apologies, I can see it now, emberassed I was looking in the wrong place, typical hehe. I just needed to reread the step through to understand properly, thanks again for your help Jack ;) Good trades your way!
 

sqa

Village Scribe
That's awesome by them, but something seems odd about the story.

Either that or the idiots involved didn't do the most basic work to hide their tracks. Setting an EA to drop it just seconds before the report so you can scalp millions?

If they dropped it 5 minutes before, with lower leverage, they could have made as much and only doing it twice at a broker would have not gotten caught. I guess thank the Lord criminals are normally more greedy than they are smart.
 

jack

Administrator
Staff member
sqa said:
That's awesome by them, but something seems odd about the story.

Either that or the idiots involved didn't do the most basic work to hide their tracks. Setting an EA to drop it just seconds before the report so you can scalp millions?

If they dropped it 5 minutes before, with lower leverage, they could have made as much and only doing it twice at a broker would have not gotten caught. I guess thank the Lord criminals are normally more greedy than they are smart.
That's pretty much it, they were dumb, greedy, and didn't put any thought into obscurification...
 

sqa

Village Scribe
Pepperstone has, I believe, 400:1 leverage. So you could put an entire account on a 25 pip SL trade. 50k would get you 2k per pip (i.e. 200 lots), which if executed right before a news release, would give you a quick fill at increasing profit. However, I'm guessing they had gotten the account up higher than that, by the point they got caught.

Which probably means the order was closer to 800+ lots. Dropping an Institutional Order on any platform, when you aren't an Institutional Trader, is going to pop up to get looked at by the auditing system.
 

rod178

Well-Known Member
I think that the major 'error' pointing to their stupidity was using insider information from the Australian Bureau of Statistics WITH an "Australian" broker.

Maybe the legal system and some potential jail time will make then smarter.
 

jack

Administrator
Staff member
Along with the offshore RMB Pepper just added.. I heard a rumor they'll be getting Thai Bhat and Russian Rubles soon. :D
 

rod178

Well-Known Member
Jack said:
Along with the offshore RMB Pepper just added.. I heard a rumor they'll be getting Thai Bhat and Russian Rubles soon. :D
The Rubble and the ??

wonder what the nickname for the Baht will be!

I kinda' like "The Banger"
 

rod178

Well-Known Member
Pepperstone's unlikely millionaire

http://www.businessspectator.com.au/article/2014/7/9/technology/pepperstones-unlikely-millionaire?utm_source=exact&utm_medium=email&utm_content=818058&utm_campaign=kgb&modapt=
 

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Alpha-Bet

Well-Known Member
Joel Murphy suing Pepperstone....

http://www.smh.com.au/business/sacked-whistleblower-sues-pepperstone-20140801-zz9dl.html
 

Alpha-Bet

Well-Known Member
no fan of cfd's or cfd providers.

just hurry up and float the bizness and then we can see what operation spot traders are going to play with.
 

Tauranga

Well-Known Member
Guys please could I ask your experience, I am currently trading with Pepperstone and wish to request another GBP account via the control panel, my question please is 'is there a fee for perhaps 'internal transfer' from one Pepper account to another of my Pepper accounts?' I am in the planning stages and would like another account in the same currency to enable more flexibility in my trading and price in any fee's that may be applicable. Thank you very much in advance for any information you could share :)
 

jack

Administrator
Staff member
Tauranga said:
Guys please could I ask your experience, I am currently trading with Pepperstone and wish to request another GBP account via the control panel, my question please is 'is there a fee for perhaps 'internal transfer' from one Pepper account to another of my Pepper accounts?' I am in the planning stages and would like another account in the same currency to enable more flexibility in my trading and price in any fee's that may be applicable. Thank you very much in advance for any information you could share :)
No fees, and their rates for switching between account base currencies are reasonable (quite a bit better than a bank would give you.)

I have accounts in USD and AUD.
 

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