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 answer. What is your reasoning in picking over Pepperstone? I will take a peek at GoMarkets, '' I haven't heard of these. Can they supply true ECN/STP accounts?
    Had at a single time. With Pepperstone I was annoyed with their SL hunting 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 would rank 3rd from these - Axitrader and Go Markets equal-ish good.
    Axitrader service seems to be UK based whilst Go Markets are loed in Oz - therefore the replies to mails etc may be slower from Axitrader. I'll be looking out IC Markets shortly.

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

    I exchange with FX and might recommend their RAW ECN account to anyone. Their commissions are cheaper than Pepperstone and that's the deciding factor for me personally. Both proper ASIC regulated brokers who can not be broken elsewhere.

  4. #14
    Been with gomarkets 4yrs today , no stop hunting like cmc and pro/ac has tighter spreads . . Heard from somebody to be skeptical of performing huge positions (do not know why tho)

  5. #15
    Thank you I have opened an account with Pepperstone. I spent hours researching comparisons between the brokers and decided on Pepperstone.

    I also 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.

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

    had nothing but excellent experiences together.

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

    Especially when I exchange news manually thats just utmost important.

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

  8. #18
    Quote Originally Posted by ;
    provided that you put mini lots..is ok for me..for any broker . .you will see that they true colour when you start entry 5 lot above..it happen to me.FILE_4_EXTENSIONys'd slippage. Good fortune
    bigger orders often get filled not just by a bank, the liquidity pool is simply not unlimited, especially during specific times like premature asia.

    Hasn't so much to do with your broker, much how many banks they're getting their liquidity from.

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

  9. #19
    in the event the broker is not the market maker then it's their liquidity provider/s.
    Take gold for example (throughout Asian semester); the spread on gold might only be 13 points - however in case you have access to the market depth you'll notice there is simply 100 oz (1 lot) worth of liquidity in where 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.
    Obviously all these bids supplies are MM orders, whether it's your broker or their liquidity providers.

  10. #20
    Quote Originally Posted by ;
    provided that you put miniature lots..is ok for me..for any broker . .you will see that they true colour when you begin entry 5 lot above..it happen to me.FILE_4_EXTENSIONys had slippage. Good fortune
    This is why I'm happy using FX.

    I have spoken to some highly reliable trading contacts in Toronto who swear that the brokers advertising the tightest spreads slip you like crazy once you begin to trade with larger size.

    Only beware

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