FX Vs Pepperstone? True STP/ECN Brokers? Whos better? - Page 2
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Thread: FX Vs Pepperstone? True STP/ECN Brokers? Whos better?

  1. #11
    Quote Originally Posted by ;
    quote Thanks for your reply. What's your reasoning in picking over Pepperstone? I will have a look at GoMarkets, '' I haven't heard of them before. Can they supply accurate ECN/STP accounts?
    Had at one time. With Pepperstone I was annoyed with their SL searching not being able to place my SLs TPs close to the market price.

  2. #12
    If its any help I have used Go Markets and Axitrader and FX. I'd rank 3rd out of those - Axitrader and Go Markets equal-ish good.
    Axitrader support seems to be UK based whilst Go Markets are loed in Oz - so the replies to mails etc can be slower out of Axitrader. I will be looking out IC Markets soon.

  3. #13
    Quote Originally Posted by ;
    My questions is for all those of you who have accounts with either of these brokers, what your comments on these? Positive or negative? Is the conventional STP account great enough or would the raw ECN account be a better option? Which broker could you go for? Thanks I love your comments.
    Yo mrdfx.

    I exchange using FX and would urge their RAW ECN account to anyone. Their commissions are more affordable than Pepperstone and that is the deciding factor for me. Both proper ASIC regulated brokers who can't be split elsewhere.

  4. #14
    Been with gomarkets 4yrs now , no stop searching just like cmc and pro/ac has tighter spreads . . Learned from someone to be skeptical of doing huge positions (don't know why tho)

  5. #15
    Thanks for your suggestions guys, I have since opened an account with Pepperstone. I spent hours researching comparisons between the brokers and determined by Pepperstone.

    I also went with an STP account within the ECN because for my trading style that the ECN and the commissions was a little expensive. ECN is good but I'm happy with the STP. Cheers.

  6. #16
    Quote Originally Posted by ;
    Thanks for your ideas guys, I've since opened an account with Pepperstone. I spent hours researching comparisons between the brokers and decided on Pepperstone. Additionally, I went with an STP account over the ECN as for my trading style that the ECN and the commissions was a bit expensive. ECN is great but I'm Pleased with the STP. Cheers.
    Good choice mrd,

    had nothing but excellent experiences with them.

    Also their servers have no problems I have seen up to now.

    Particularly when I trade news thats just utmost important.

  7. #17
    As long you put mini lots..is okay for me..for any broker . .you will see that they true color when you begin entry 5 lot above..it chance to me.FILE_4_EXTENSIONys had slippage. Good luck

  8. #18
    Quote Originally Posted by ;
    as long you put mini lots..is ok for me..for any broker . .you will see they true colour when you begin entry 5 lot above..it happen to me.FILE_4_EXTENSIONys had slippage. Good luck
    bigger orders frequently get filled not just by one bank, the swimming pool is just not infinite, particularly during certain times like early asia.

    Has not so much to do with your broker, more how many banks they're receiving their liquidity from.

    And undoubtedly the best time to get filled is during europe ny overlapp.

  9. #19
    1 Attachment(s) If the broker isn't the market manufacturer then it's their liquidity provider/s.
    Take gold for example (during Asian semester); the spread on gold might just be 13 points - but in case you have access to the market thickness you'll see there's only 100 ounce (1 lot) value of liquidity at which the spread is displayed.

    If you want to exchange 5 lots then the spread becomes 19 points. . 10 lots = 35 points, 20 lots = 46 points, 50 lots = 55 points.
    Clearly these bids offers are MM orders, while it's your broker or their liquidity providers.
    https://www.forexforum.co.za/trading...newbi-log.html

  10. #20
    Quote Originally Posted by ;
    provided that you place mini lots..is okay for me..for any broker . .you will see they true colour when you start entry 5 lot above..it chance to me.FILE_4_EXTENSIONys had slippage. Good luck
    This is the reason why I am delighted using FX.

    I've spoken to some highly reliable trading connections in Toronto who swear that the brokers advertising the tightest spreads slip you like crazy once you start to trade with larger dimensions.

    Only beware

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