Pepperstone Feedback

Discussion in 'Brokers' started by Ramy3, Jun 17, 2013.

  1. Tauranga

    Tauranga Well-Known Member

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    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. ;)
     
  2. Tauranga

    Tauranga Well-Known Member

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    :-[ 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!
     
  3. jack

    jack Administrator Staff Member

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    no worries :D
     
  4. jack

    jack Administrator Staff Member

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    Stumbled upon this:

    Pepperstone helps bust NAB and ABS Staff in Insider Trading

    Interesting..

    I can't see how this guy (the NAB analyst) thought he'd get away with it... not with how he was executing his trades ("microseconds" before each news release and ranking up +$7 million within just a few weeks.)

    Good on Pepper for reporting these punks..
     
  5. sqa

    sqa Village Scribe

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    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.
     
  6. jack

    jack Administrator Staff Member

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    That's pretty much it, they were dumb, greedy, and didn't put any thought into obscurification...
     
  7. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Exactly. Fools that should've played it smart.
     
  8. sqa

    sqa Village Scribe

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    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.
     
  9. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Pushing 80 mio via pepper pre-number is something I find hard to believe.
     
  10. rod178

    rod178 Well-Known Member

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    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.
     
  11. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Agreed. Major error is the breaking of law.
    That said, Why leave a trail.......
     
  12. jack

    jack Administrator Staff Member

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  13. jack

    jack Administrator Staff Member

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    Along with the offshore RMB Pepper just added.. I heard a rumor they'll be getting Thai Bhat and Russian Rubles soon. :D
     
  14. rod178

    rod178 Well-Known Member

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    The Rubble and the ??

    wonder what the nickname for the Baht will be!

    I kinda' like "The Banger"
     
  15. rod178

    rod178 Well-Known Member

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    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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  16. Alpha-Bet

    Alpha-Bet Well-Known Member

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    Joel Murphy suing Pepperstone....

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

    jack Administrator Staff Member

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  18. Alpha-Bet

    Alpha-Bet Well-Known Member

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    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.
     
  19. Tauranga

    Tauranga Well-Known Member

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    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 :)
     
  20. jack

    jack Administrator Staff Member

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    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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