Thread: Pepperstone U.K. back in business

Looks like Pepperstone UK are back in business, though I'm surprised to find almost no publicity about this the very first I heard was receiving an e-mail on Friday 11th informing me I needed to open a new account with all the UK if I wished to continue trading using Pepperstone, my account could be shut. Don't misunderstand, I have been very happy with Pepperstone Australia, however why do Brokers always need to resort to ultimatums. We live in a digital era, we could traverse the world in milliseconds that I reside in Europe and also have accounts with Brokers in the usa so why does it matter where we and they are loed?

Any one else having to start a new account with Pepperstone UK?

Originally Posted by ;

quote I believed the exact same manner until I realize that they just jack up the slippage (way more than rivals' commission spread). As you can see from the picture, the slippage is 17 points!! And that is by no mean a case. NB. The ping from my host to theirs is 1~2 ms. image

it seems the order execution time is slow but you shut trades with more reduction and also more profit.

Originally Posted by ;

Looks like Pepperstone UK are back in business, although I'm surprised to find virtually no publicity about this the first I heard was getting an email on Friday 11th telling me that I needed to start a new account with the UK when I wished to continue trading with Pepperstone, otherwise my account could be shut. Don't misunderstand, I have been quite pleased with Pepperstone Australia, however why is it that Brokers always need to resort to ultimatums. We are living in a digital age, we could traverse the world in milliseconds I reside in Europe and also have accounts...

Yes, I'm pretty pissed that they induce me to move from Pepperstone AUS to Pepperstone UK only because I reside at EU, and so what? In case FCA will decide in January to lower leverage they will lose many clients for certain...

Originally Posted by ;

Seems like Pepperstone UK come in business, though I am surprised to discover almost no publicity about the first I heard was receiving an e-mail on Friday 11th informing me that I needed to open a new account with the UK if I wished to keep trading using Pepperstone, otherwise my account would be shut. Don't misunderstand, I have been quite happy with Pepperstone Australia, however why do Brokers always have to resort to ultimatums. We live in an electronic era, we can traverse the world in milliseconds I live in Europe and have accounts...

Yeah, got the email myself. . .its bs.

Originally Posted by ;

Seems like Pepperstone UK come in business, although I'm surprised to find almost no publicity about this the very first I heard was receiving an e-mail on Friday 11th informing me that I had to open an new account with the UK if I wished to keep trading with Pepperstone, my account could be shut. Do not misunderstand, I have been very satisfied with Pepperstone Australia, but why is it that Brokers always have to resort to ultimatums. We are living in an electronic era, we can traverse the world in milliseconds that I live in Europe and also have accounts...

sick open an account if they have spreads lower than 0.5 on EU 0.7 on AU, 0.8 on UJ, 0.9 on GU... and they offer a spread betting account, All through Mt4, and no commission. Ive learned about them a lot

Thanks for responding everyone.
The question is, would you like to keep trading with Pepperstone? I personally will, ok it is a pain having to open a new account but it is not a major one and so far as I am concerned Better the devil you know! That is until some thing happens to alter that view.
At the present time there is absolutely no information on trading conditions for Pepperstone UK, there is not a site, everything links straight back to Australia so either everything pub the place remains the same or, we might have a major shock, who understands, for now I am keeping an open mind and waiting to see although with all the accounts being effectively shut on August 25th, there is not much time to move into another broker if that's what you opt to do!

Originally Posted by ;

Do not misunderstand, I have been quite satisfied with Pepperstone Australia, but why is it that Brokers always have to resort to ultimatums. We are living in a digital era, we can traverse the world in milliseconds I reside in Europe and also have accounts with Brokers in America so why does this matter where we and they are based?

Agreed, but it is not Pepperstone's fault, it is the fault of the FCA.

Originally Posted by ;

quote ailing open an account if they've spreads lower than 0.5 on EU 0.7 on AU, 0.8 on UJ, 0.9 on GU... and they supply a spread betting account, All through Mt4, and no commission. Ive learned of them a lot

Pepperstone it isn't market maker! You've got 0,1-0,2 pip spread on eurusd and commission 7 AUD or USD based on account currency (6,1 with rebate). No spread betting for sure.

Originally Posted by ;

Thanks for answering everyone. The question is, would you like to continue trading using Pepperstone? I personally will, ok it's a pain having to open a new account but it's not a major one and as far as I am concerned Better the devil you know! That's until something occurs to alter that view. At the moment there is absolutely no information on trading conditions for Pepperstone UK, there is not a website, everything links straight back to Australia so either everything pub the loion stays the exact same or, we might be in for a big shock, who knows,...

You will find exactly the same conditions for Pepperstone UK and there'll no additional website. Of course it is far better to be under FCA authority than ASIC, but I hope they will not kill the market by decreasing leverage to 1:50. I shall move account for sure.

I got the email. I decided to close my account with them. I despise ultimatums. Actually, they've been communiing through this whole time like they just don't care about their EU customers. If you would like to stay with us, here are the conditions. If not, you can go, or we'll close your account. At no time, they attempted to explain why we must move to UK and shut the account. I favor IC.