Total cost of transaction is what matters.. commissions in, Razor account averages between 0.8-1.2 pips per round turn total cost (spread+commissions.) A broker offering cheaper commissions will often have a wider spread. We've talked about total ...

Pepperstone Forex

Right. I never said there wasn't a fee for CC deposits. I only said there's no fees for a withdrawal to CC (the transaction is processed in a way where there's no fee to 'refund' the card from an earlier transaction.) The fee comparison was on ...

Pepperstone Forex

Well, as my post says, it's processed as a refund from a merchant card processing perspective... so I'm sure the 60 day limit is there for limitations beyond their control (card processing policy from the bank.) Though, please do ask Pepper's ...

Pepperstone Forex

The two Canadian places on that list do not prohibit their residents from trading FX. FXCM (the source of your link) simply doesn't want to confirm to the local regulators there and setup an office just to cater to the small client base. It's not ...

Where is FX Trading prohibited?

None of this matters. % winners has nothing to do with profitability. System expectancy comes from more data points, like average winner vs average loser... and ultimately can only be counted if the entire account is flat and not holding onto losers ...

What is your effectiveness on real account at 100 transactions?

If you want to first try out a small balance. You can always use credit card as a method of deposit, and they will process withdrawals back to the credit card without additional fees so long as the withdrawal request is within 60 days of the deposit ...

Pepperstone Forex

Non-US: Oanda Europe / Asia Dukascopy Pepperstone's Razor account US: Oanda US

Please Help Me Choose a New Broker

Some people believe in lunar cycles having an effect on the financial markets. It works for them. Believe in anything you want, all that matters it if it works for you and if you can build a positive expectancy system around it. Personally, I use ...

Do you believe in Support and Resistance?

Yes, I still have reservations about trading with LMAX or Armada. I no longer feel the need to justify myself to you after this response. I never talked about the difference, I pointed out that trades could still be broken, as another poster stated ...

Best Broker for 2012?

Example on the spread variance: image Looks like the last few days have been good, but only the last few days... If things look a little more consistent in 6-12 month's time, I'd consider revisiting them. This isn't a dig against them, it's just ...

Best Broker for 2012?

I share your thoughts on the LMAX/Armada relationship. That's a big part of my concern, not just because of Armada's actions, but LMAX's choice to do business with them and even push their smaller end retail clients out the door once Armada was ...

Best Broker for 2012?

I do agree with that, and I go a step further and test a new broker out with a very small amount of capital before I commit more. Execution in a live account has to be tested out as well, not just demo. That aside, if this was a live account you ...

Pepperstone Forex

That's a question for support chat... but perhaps a margin call?

Pepperstone Forex

I don't wish to get into the details if it only causes bickering between users... this thread has had enough of that already. If you trade with them and are happy, cool, I see no benefit in taking that away from anyone.

Best Broker for 2012?

I was just going to say... I love how you can only hear crickets now that everyone's happy. Happy Trading!

Pepperstone Forex

I really don't want to get into an pro/anti LMAX argument with you... I have my reservations about the company and I'll leave it at that. But... just a thought.. most major "exchanges" (CME, NYMEX, etc..) and stock markets (NYSE, NASDAQ, LSE..etc..) ...

Best Broker for 2012?

I wish this was true... but not so much.. Review sites are full of the same misinformation you'll find here. For every honest review (positive or negative), there's reviews set out just to curb public opinion for the gain of the broker or their ...

Best Broker for 2012?

Actually, they are Canadian. HQ'd in Toronto.

OANDA Discussion

no one? Ok, I'll continue my search elsewhere and post back here what I find. We could use a fresh resource on this topic anyway.

Interested in Neural Network Assisted Trading

Spot gold is just trading paper... Yes, Pepper's spread on gold isn't the best in the world, I've told this to their support but ultimately they can't change what the LPs will bid/offer on it across Integral's ECN grid. It's one of the "if you want ...

Pepperstone Forex