Pepperstone IS A SCAM

khizer malik

Private
Messages
18
But,where is client protection system,If liquidity is not available,then trade should not execute in this case,How brokers could charge unlimited spreads on ECN account,if liquidity is not available.broker risk management system should work when liquidity is not available to stop traders to open the trade.
 

khizer malik

Private
Messages
18
I would suggest to talk to your Telecommunication authority of your country to block broker website and IP addares,If you would have sufficient proofs against
the broker ,that he scamed you.
 

alexx71

Recruit
Messages
185
posters who defend brokers can't stop amazing me. After confessing its the broker bad operating system, no match engines no correct price and so on, they say not broker fault, isn't that nonsense.

Clients don't care what happens between LP's broker system broken and whatever, clients can be responsible of that, full responsibility goes to brokers.

Like others you'll fail to explain how other ecn/stp brokers filled stops 1.20 to 1.1980 applying its contract policy while others failed to do the same.

My words were not to defend brokers. If you see my post you will see I'm not the right person to defend brokers. I just said that that was a unique case, otherwise how can you explain that FXCM lost more than 200K ? Fxcm is a broker and lost a lot of money so in this case was a sort of " victim " to the operative system because it WAS NOT ABLE to close the position. The broker is a middle man between the liquidity providers ( banks ), and so to close it NEEDS liquidity, because there are real money involved and not a DEMO position. Off course broker will try to recover their losses not paying the profit of clients.....and this is a sort of scam.... as always !
 

ruseneca

Master Sergeant
Messages
348
why clients must pay for the "bad operative system bt. LP's and Broker?!?!
Clients are always meant to pay for everything - spreads, open/close a deal, losses...
As a client, you have agreed with terms and conditions which sometimes are very harsh. Brokers just pass quotes to your MT4 terminal. If there are no quotes, it is not their responsibility!

Received confirmation from ASIC they started investigation.

I would definitely change the broker with an ASIC-regulated if their statement is positive for the client :)
 

sgalizia

Private
Messages
20
Clients are always meant to pay for everything - spreads, open/close a deal, losses...
As a client, you have agreed with terms and conditions which sometimes are very harsh. Brokers just pass quotes to your MT4 terminal. If there are no quotes, it is not their responsibility!

Is too simple to nullify gains because of this or that conditions... history is full of conditions changed in contracts because they are UNFAIR... so please stop telling NON-SENSE things... there are people, is not my case since i'm fighting for PROFITS, RUINED really RUINED...

Read this post.. http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/38307-pepperstone-manipulation.html

Is unbelievable how every time CLIENTS are on the wrong part of the ACCIDENTS.



I would definitely change the broker with an ASIC-regulated if their statement is positive for the client :)

Regulators are supposed to be there to make things clear and FAIR....
 

NanaR

Corporal
Messages
109
Thanks for warning on Pepperstone... had another friend who heard "too good reviews" and wanted to open there zzz. Tbh, I dont have much hopes with ASIC - just look how many dishonest, scammer brokers are still operating from Australia and claiming to be ASIC regulated? And not much is being done despite all the complaints and proof against them?

First we have ICmarkets, now Pepperstone? Also read SynergyFX and AXI not good... I guess its time to go for FCA-UK or FDIC regulated brokers now.

Is too simple to nullify gains because of this or that conditions... history is full of conditions changed in contracts because they are UNFAIR... so please stop telling NON-SENSE things... there are people, is not my case since i'm fighting for PROFITS, RUINED really RUINED...

Read this post.. http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/38307-pepperstone-manipulation.html

Is unbelievable how every time CLIENTS are on the wrong part of the ACCIDENTS.





Regulators are supposed to be there to make things clear and FAIR....
 

sgalizia

Private
Messages
20
Thanks for warning on Pepperstone... had another friend who heard "too good reviews" and wanted to open there zzz. Tbh, I dont have much hopes with ASIC - just look how many dishonest, scammer brokers are still operating from Australia and claiming to be ASIC regulated? And not much is being done despite all the complaints and proof against them?

First we have ICmarkets, now Pepperstone? Also read SynergyFX and AXI not good... I guess its time to go for FCA-UK or FDIC regulated brokers now.

Let's see ... the only weapon we, as customers have, is regulator (ASIC in this case)... if i discover is USELESS of course i will work only with EU regulated brokers
 

Ed_Forex

Private, 1st Class
Messages
240
Revealing a secret about pepperstone.

Be aware that the right hand of pepperstone owner, who seems responsible of the company main management is called Sam DAS, represents himself as Sales Specialist, but in fact everything pass through him, maybe he's one of the few employees working in pepperstone!!!

Sam seduces investors to open live accounts with pepperstone by offering job position, claiming that pepperstone is soon widening its offices to outside Australia and they need employees.

Be careful of that being offered by Sam Das from pepperstone, or any other employee of any other broker, it's a red flag to make you cautious of not depositing money there.
 
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