Pepperstone Review 2023 Update – Is it a good broker or not?
| General Information |
|
|---|---|
| Broker Name: | Pepperstone |
| Broker Type: | Forex Broker |
| Country: | Australia |
| Operating since Year: | 2010 |
| Regulation: | ASIC, 220440, FCA, 684312 |
| Address: | Level 16, Tower One, 727 Collins Street Melbourne, VIC Australia 3008 |
| Broker Status: | Regulated |
| Customer Service | |
| Phone: | +1786 628 1209 |
| Email: | support@pepperstone.com |
| Languages: | English, Vietnamese, Chines, Spanish |
| Availability: | 24/5 |
| Trading | |
| Trading Platforms: | MT4, MT5, cTrader, Web Trader, Mobile Trader |
| Trading Platform(s) Timezone: | GMT +3 |
| Demo Account: | Yes |
| Mobile Trading: | Yes |
| Web-based Trading: | Yes |
| Bonuses: | N/A |
| Other Trading Instruments: | Currencies, Indices, Commodities, Equities, Cryptocurrencies |
| Account | |
| Minimum Deposit ($): | 200 USD |
| Maximum Leverage: (1:?) | 1:500 |
| Spread: | Variable |
| Scalping Allowed: | Yes |
Pepperstone General Information
Pepperstone joined the brokerage party in 2010. It’s one of the top-tier brokerages in Australia according to those who are experts in forex trading, as indicated by Pepperstone Reviews.
According to their website, a team of experienced traders was behind the founding of the company. What they’re saying is that they know what traders are and what they need because the founders themselves have been one of them.
In 2015, it opened an arm in London to better serve its European clients. And, if all goes well for this broker, we believe they’re going to have a more dominant presence in the brokerage scene.
In fact, Pepperstone is a fantastic choice for forex and CFDs traders, as highlighted by Pepperstone Reviews. That’s because this broker primarily deals with those assets. It’s also famous for the superb and friendly customer service it offers.
It provides some pretty good protection for traders, as well as useful trading platforms. Let’s take a look at this broker and see whether it is the right choice for forex traders.
Regulation and Protection
For those wondering is Pepperstone safe or not, we have some good news for wary traders: Pepperstone is a regulated broker under the Australian Securities and Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA).
That is a pretty solid regulatory status. It merely means that the broker has to meet strict capital requirements. ASIC requires brokers to “comply with internal procedures,” such as risk management, staff training, accounting, and audits.
Want more? Client funds are in the National Bank of Australia. You can sit back and trust that Pepperstone does not and will not misuse your fund.
Overall, it’s a safe broker to deal with. Now that that’s out of the way, let’s look at the more specific things we search for a broker.
Pepperstone Trading Instruments
Pepperstone offers more than 150 instruments across forex, indices, equities, cryptocurrencies, and commodities. That is a lot, but not quite as many as other brokers. For instance, IG Markets have more than 16,000 markets.
Anyhow, the offerings are incredibly ideal for traders. Pepperstone is primarily a forex and CFDs broker, but it also has other excellent selections.
- Forex
- Index CFDs
- Share CFDs
- Commodities
- Cryptocurrencies
- Currency Index CFDs.
Is this limited selection of instruments a shortcoming? It can be, or not, depending on the type of trader you are.
Review of Pepperstone Trading Conditions
In spite of the limited selection of trading instruments, Pepperstone more than makes up by providing excellent trading conditions. With the following conditions risk of losing money is reduced to the maximum!
This broker has variable spreads on its trading platforms. Prices come from many different liquidity providers, ensuring that the trader gets the best price at any time. Pepperstone’s swap rates are very competitive for each currency pair.
Meanwhile, commissions start from 3.50 Australian dollars on major currencies. For stock CFDs, it’s 0.02 Australian dollars per share. Traders can use standard, mini, and micro contract sizes, depending on their trading needs.
Trading Accounts – Standard, Razor, and Swap-free
Most traders are free to open an account with Pepperstone, as long as they are not from Japan, New Zealand, Canada, and the US.
Two main account types available
As for account types, it offers the following main types:
- Standard
- Razor.
The standard account is a pretty popular choice because it does not charge any commission fees. The Razor account charges commissions. Both Standard and Razor accounts use financing/interest rates, while the swap-free account, of course, does not.
Traders who want to get the cheapest deal can use the standard account because it does not charge any minimum account balance. Both Razor and Swap-free accounts need at least a $200 minimum deposit.
Razor account type
Pepperstone’s Razor account type is specifically designed to cater to scalpers and algorithmic traders. It provides the optimal choice for both trading styles. With a starting spread from 0.0 pips, the Razor account ensures competitive pricing.
Additionally, a standard commission fee of $0.08 round turn per 0.01 lots traded is applicable. Traders can benefit from the precision and cost-efficiency offered by the Razor account, making it an ideal option for those seeking tight spreads and low commission charges.
Standard account – the best choice for beginners
The best account for beginners, therefore, would be the Standard account. The Razor is suitable for active traders who use hedging and scalping.
Pepperstone also offers the “Active Trader Program” for those who trade with huge volume. This program offers discounts, which are pretty significant in this field.
For instance, if your traded volume in lots ranges from 200 to 499, you get a $1 discount. For 500 to 14099 lots, you get $1.5, and so on. Discounts for trading volumes exceeding 5000 lots are negotiable.
Deposits
Pepperstone also makes it easy for traders to fund their account through deposits. For bank transfers and electronic wallets, deposits are free.
But if you are using credit or debit cards, you have to shoulder a pretty high deposit fee of 3%. For the Australian dollar, it’s only 1.8%.
Among the many deposit options are:
- Bank transfer
- Credit/debit cards
- PayPal
- Poli
- China Union Pay
- BPay
- Skrill
- Neteller
- Qiwi
- Fasapay
- Broker-to-broker transfer.
As with many other brokers, bank transfers usually take 2 to 3 business days, while credit/debit card transfers are credited right away.
Withdrawals
Withdrawals with Pepperstone using credit or debit cards are free. However, you should pay some fees for electronic and bank transfers.
They understand traders and their needs because the founders have been traders themselves. For bank withdrawals, you pay $20. That’s a high price to pay. For Skrill, it’s fixed at $1. For PayPal, it’s 3%.
Similar to many other brokers, confirmation of the withdrawal comes in 24 hours. The funds arrive within five business days.
Overall, Pepperstone has some pretty flexible deposit and withdrawal methods. However, traders ought to check first whether they are okay with some of the fees this broker charges concerning deposits and withdrawals.
Pepperstone Trading Platforms
Pepperstone also ensures that traders have some of the best trading platforms within their reach. The trading platforms they offer are:
- cTrader
- MetaTrader4
- MetaTrader5
cTrader
cTrader platform has a pretty slick but functional design that is useful for institutional trading. It offers some advanced features that control slippage and orders and fast entry and exit execution.
Moreover, it’s perfect for those using an automated program as it also sports coding customization. This platform is perfect for both new and advanced traders. Compared with other trading platforms, this Spotware-made platform balances simplicity and functionality.
The cTrader platform is positioned as an intuitive and extremely easy to use platform, but also providing the advanced trading capabilities as well as great tools for analysis.
MetaTrader4
And of course, the industry standard, MT4, is also here to serve Pepperstone traders. It’s the most popular trading platform around for forex traders. Since Pepperstone is a forex broker, it’s not a surprise that MT4 is here, even if its successor, MT5, is also present.
The MT4 lets you customize the platform to fit the way you trade. It also has expert advisor capabilities using the MetaQuotes’ MQL 4. You gain access to 28 trading indicators that maximizes your chances of correctly anticipating price movements. You can also install plugins of your choice.
MetaTrader5
Now, the MT4 might be taking the lion’s share of popularity, but the MT5 stills packs tons of features that will surely make it a favorite for many traders.
The MT5 offers hedging capabilities, advanced orders, newer tools, and more indicators. It’s also much easier to use and customize.
But if you have been using the MT4 for a long time and you suddenly switched to MT5, you might want to brace for some adjustments. This is particularly true for those who use programs and expert advisors when trading, as the coding works of the MT5 uses the MQL 5, not MQL 4.
But if you are starting as an absolute beginner, you might find MT5 easier to understand than MT4. Also, if MT4 is primarily made for and used by forex traders, the MT5 is made for a wider variety of traders.
Review of Pepperstone Customer Support
The broker offers 42/5 customer support available via email, phone and live chat. Popular FAQs section is also handed out to answer customers questions.If things go as planned, this broker will become more influential in the brokerage industry.
Negative balance protection – a crucial feature
Negative balance protection is a crucial feature that protects traders from losses exceeding their account balance. Additionally, FXPrimus offers social trading, which allows traders to connect and follow the strategies of successful traders.
Moreover, FXPrimus provides spread bets, giving traders the ability to speculate on the price movements of various financial instruments. With negative balance protection, social trading, and spread bets, FXPrimus offers a comprehensive trading experience that prioritizes risk management and enables traders to diversify their strategies.
Pepperstone Education and Analysis
Pepperstone also has its research and education features nailed down. It provides the Market Analysis and Education features on the website, presenting a wide variety of materials for traders to digest.
Traders who want to keep abreast of the latest happenings can read their Market news section. It’s complete with the latest updates on economic data, central bank decisions, and the most recent tariffs threats from leaders around the world.
It also posts updated financial news on its Financial Events section. And if that is not enough, the Trading Opportunities section will help you spot the best asset to trade in the market.
For technical traders, it offers the Chart of the Day, which features the most exciting forex charts in the market. And these blogs and articles come from the broker’s managers, strategists, and researchers.
Pepperstone Review Summary — Is It Good?
Pepperstone is exceedingly useful in many areas, such as trading platforms, customer service, and education. There’s no doubt that many traders also find their account offerings very good.
With the powerful trading platforms, traders will find it easy to get in their game with less learning curve.
These platforms can complement the trading account they are using to get the best combination of the two. The only things that could use some improvements are some parts of their fee structure. Some are quite expensive, and there may be some adjustments needed in that department.
Trading instruments can be expanded
At the same time, the trading instruments they offer can still be expanded. Traders are no longer sticking to only one or two kinds of trading products. So, if Pepperstone aims to beat its feats and rise higher among the top traders, this area could still be worked out.
Nonetheless, Pepperstone ranks high among the best brokers for traders, whether beginners or pros. Forex and CFDs traders will surely love their offerings. For additional information you can always visit Pepperstone website and the official pepperstone.com review page!
Pepperstone Review
Name: Pepperstone
Description: Pepperstone is exceedingly useful in many areas, such as trading platforms, customer service, and education. There’s no doubt that many traders also find their account offerings very good. With the powerful trading platforms, traders will find it easy to get in their game with less learning curve. These platforms can complement the trading account they are using to get the best combination of the two. The only things that could use some improvements are some parts of their fee structure. Some are quite expensive, and there may be some adjustments needed in that department.
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Support
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Platform
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Spread
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Trading Instrument
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Beware
Bad broker company. They are not real so please beware.
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Bad services
Bad services. Not a skilled broker.
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Slow customer service
Slow customer service. They do not attend to trading needs promptly, causing too much losses.
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Platform issues
I experience so much system lags and glitches.I always call them whenever I place trades and it’s not comfortable to tarde that way.
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Poor trading software
I lost connectivity every time I am using their trading software. I reported the issue and they insisted that it is my internet connection but other apps are fine. So I am sure that there is really a problem on their trading software.
Did you find this review helpful? Yes No
Untrustworthy
Untrustworthy broker service. They will tell you so many promises but nothing is real.
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Great delays in responses
Great delays in answering emails and chats. Funny, how their replies are sent after the issue has been resolved.
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Scammers
Notorious scammers. Avoid dealing with them.
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Fake people
Do not deal with this fake people. They use fake names and you can not search them on social media.
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Not a real broker
Not a real broker. They are pretending to be legit brokers just to scam.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. And by the way, I have lost so much money on this.
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Slow withdrawals
Slow withdrawal process. Not a good company to trade with.
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Rude customer service
Rude customer service. They are very very unprofessional.
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Unprofessional
Poor services and very unprofessional people.
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Bad company
Bad trading company. not recommended.
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Poor platform
Poor trading platform. It is very difficult to use and has so many errors left unfix.
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Do not trade with this
Worst platform and worst trading services I have ever used. Do not trade with them.
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Worst withdrawals
Worst withdrawal process. It took them long time to process and hard to produce requirements to submit.
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Slow withdrawals
Slow withdrawals, are really very annoying.
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Worst
Extremely worst. Do not invest here.
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Not a real broker
Not a real broker. They are pretending to be legit brokers just to scam.
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Scammers
Hope authorities with be able to catch these bunch of scammers. Have took all my money in a snap.
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Bad broker
Bad trading brokers. They keep on squeezing money from me.
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Poor services
They are just after our hard-earned money. Poor services.
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Unprofitable signals
Inaccurate and unprofitable signals. Do not use their services.
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Unregulated broker
Unregulated trading broker. too late when I found out, I already lose so much money.
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Slow withdrawals
Slow customer service and slow withdrawals. The rest of the services are fine except for these.
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Worst broker service
The worst broker service, I have ever worked with. Signals are always against the market.
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Worst trading software
Worst trading software. It has so many technical issues that they can’t even resolve. Customer service are nice people but the platform really sucks.
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Do not invest
Do not invest with this broker company. They are very unprofessional when it comes to withdrawals.
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Money collector
Greatest money collector. They just simply collect money from people.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. And by the way, I have lost so much money on this.
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Too many technical problem
Too many technical problems to face. I won’t trade with them again.
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Rude
Intimidating brokers and bad customer service. They are very rude and arrogant people.
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Stay away
Stay away from this broker company. You will only lose money here.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. And by the way, I have lost so much money on this.
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Rude brokers
Bad trading brokers. They do not pay profit and are very rude.
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Do not deal
They’ve stolen my hard earned money. Beware, do not deal with them.
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Poor signals
Customer service is good but signals are not poor and so I had to switch to a different broker.
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Worst customer service
Worst customer service. Out of all the brokers I have traded with, they have the worst customer service. Can’t even help me in any of my trading concerns.
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Unprofessional
Unprofessional trading company. Avoid dealing with them.
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Too many technical problem
Too many technical problems to face. I won’t trade with them again.
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Poor signals
The signals are not good. They are used to work on elsewhere, on freezing money I guess.
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Slow withdrawals
Slow withdrawals. Not recommended.
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Poor services
Poor trading services. They do not approve withdrawal requests and they ignore my queries about it.
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Untrustworthy
Untrustworthy broker service. They will tell you so many promises but nothing is real.
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Unreliable
Unreliable services. Do not deal with them.
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Expensive assets
They have many trading assets but not all are offered. Some are only listed. They only offer a few which are not actually profitable to trade with and are very expensive.
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Limited trading options
Limited trading options and poor trading advice. I think they are new to the trading industry.
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Irrelevant trading signals
Irrelevant trading advice. All their signals are ineffective.
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Bad company
Bad broker company. Stay away from them.
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Scammers
Notorious scammers. Avoid dealing with them.
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Stay away
Stay far away from this trading company. They are not good at all.
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Bad company
Bad trading company. Avoid trading with them.
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Unreliable signals
Do not deal with this broker company. The signals are very unreliable.
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Poor customer service
Poor customer service. They are not knowledgeable enough to assist traders.
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Worst withdrawals
Worst withdrawal process. It took them a long time to process and hard to produce requirements to submit.
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Do not trade with this
Worst platform and worst trading service I have ever used. Do not trade with them.
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Don't deal with them
They freeze my money and accused me of violations I never made. Don’t deal with them.
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Technical problems
They have brought to me nothing but problems. They are not profitable and yet there are so many technical problems on their platform.
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Poor services
Poor services. Withdrawals are always slow and I am not getting profit from the signals.
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Ruthless thieves
They are ruthless thieves. Avoid dealing with these people.
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Slow withdrawal process
Slow withdrawal process. There are so many withdrawal issues.
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Poor trading tools
Poor trading tools. I always encounter technical errors and glitches.
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Slow withdrawals
Very slow withdrawals, crazy documents to submit so withdrawal gets approved.
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Blocks withdrawal
I advise everyone to stay away from this forex broker. They keep on collecting money but will block withdrawal requests by all means.
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Loser broker
Loser broker. They only collect money and their trading scheme is not real.
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Rude
Intimidating brokers and bad customer service. They are very rude and arrogant people.
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Fake people
Do not deal with these fake people. They use fake names and you can not search them on social media.
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Not worth it
Not worth trading with. I am not gaining anything.
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Poor trading tools
Poor trading tools. I always encounter technical errors and glitches.
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Poor services
They are just after our hard-earned money. Poor services.
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Untrustworthy
Untrustworthy broker service. They will tell you so many promises but nothing is real.
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Rude customer service
Extremely rude customer service. They sounded very lazy and unhelpful over the phone.
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Scam people
Poor trading advice. Poor platform and poor services. I guess they are fake and just scam people.
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Poor trading services
This is a big company, been in the industry for quite a while. I wonder why they can not deliver good services.
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Expensive
Very expensive to trade with. I am surprised to see the per lot price. The initial deposit seems so affordable but per lot on actual trading is really very expensive.
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Useless services
Useless trading services. I honestly felt like it is better to trade on my own than use their services. And by the way, I have lost so much money on this.
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Slow withdrawals
Slow withdrawals, are really very annoying.
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Worst experience
Worst trading experience. I am not trading with them again.
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Poor signals
Poor signals. I get more losses than winning trades.
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Unreliable
Unreliable services. DO not deal with them.
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Slow withdrawals
I do not recommend trading with this broker. Withdrawal is slow and signals are not profitable.
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Avoid them
Avoid dealing with this broker. They are scammers and not really legit trading brokers.
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Delayed withdrawals
Delayed withdrawals. They process the withdrawal for almost a month, they keep on giving excuses.
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Platform issues
I experience so many system lags and glitches. I always call them whenever I place trades and it’s not comfortable to trade that way.
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Poor trading software
I lost connectivity every time I am using their trading software. Ireported the issue and they insisted that it is my internet onnection but other apps are fine. So I am sure that there is really a problem with their trading software.
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Lose money here
Started losing minimal amounts which for me is normal however losses increase as the days pass by and so I closed my account instead.
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Great delays in responses
Great delays in answering emails and chats. Funny, how their replies are sent after the issue has been resolved.
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Poor customer service
Poor customer service, they are not readily available to help and are very arrogant people.
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Blocks withdrawals
Do not approve withdrawal requests. I have filed several requests but all have been rejected too.
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Poor services
Poor online trading services. Do not deal with this broker.
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Unreliable signals
I am not trading with this company again. Signals are unreliable.
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Frustrating withdrawals
Withdrawals take so much time. I am very frustrated with the process.
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Consecutive losses
They treat me real nice but there is one thing that’s bothering me, I get consecutive losses. I guess it is more practical to just stop this. Maybe trading is not for me or they are not a good trading partner.
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Cheaters
I am 100 percent sure that I did not violate any policy however they came up with some violations thereby freezing my account. I am unable to withdraw profit, can not even log in to my account. Stay away from these cheaters.
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Not a trusted broker
I can not fully trust this trading company. I feel something really wrong is going on.
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Slow customer service
Slow customer services. I have several losses due to a slow response from them.
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Irresponsible brokers
Irresponsible brokers. They did not attend to my trading needs which causes me great losses.
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Fraud
Please don’t invest with this company, they are fraud.
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Do not deal
Do not deal with this broker. They are unauthorized to operate and most of their clients lose money including me.
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Fraud broker
This is a fraud company, they do cheating. Avoid them by all means.
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Poor signals
Against the market movement trading signals. I do not recommend trading with them.
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Scammers
Pathetic scammers. They keep on calling to collect money.
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Arrogant
Arrogant. They sounded very unprofessional.
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Worst tools
Worst trading tools. There are so many glitches.
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Poor trading services
Poor trading tools and software. It keeps on freezing and there are so many software issues.
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Worst trading experience
I had the worst trading experience with this broker. I have lost so much money. They promised one thing but on the actual trading, it did not happen.
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Bad offers
Stay safe from scammers. Avoid such offers.
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Extremely worst
Extremely worst experience. They were able to convince me to add more money and sadly I lose all overnight.
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Worst tools
Worst trading tools. There are so many glitches.
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Bad broker
Bad broker, they took advantage of innocent people through false hopes.
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Scam broker
Stay far away from this trading broker. What they have is a plain scam.
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Difficult withdrawals
I had a hard time trading with this broker. They make withdrawals very difficult for me.
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Slow withdrawals
Slow withdrawals. I am so frustrated with all the hassles I have gone thru.
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Worst nightmare
I had the worst nightmare in my entire life. I have lost money on this.
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Bad customer service
Bad customer service. I am very frustrated with the way they treat me.
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Unprofitable signals
Poor and unprofitable signals. Always against market movement.
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Rude customer service
Rude customer service. I feel humiliated every time I call.
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Worst services
I did not get any profit trading with them. Services are really the worst.
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Get more losses
I get more losing trades than winning. I guess there must be something wrong with the signals.
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Stay away
Stay away from this scammers. They will only do you harm.
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Not recommended
Not recommended to trade with. They do not process withdrawals.
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Irrelevant trading signals
Irrelevant trading advice. All their signals are ineffective.
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Poor customer service
Poor customer service. Always rude and indifferent.
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Ineffective brokers
Do not trade with this broker. They are not effective brokers for online trading.
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Customer service is not answering phone calls, emails and chats. Very laid back and unhelpful.
I was almost running into debts as they have taken all of my money and i was almost putting my house up for sale. I was really devastated and i never knew how i was going to pull through. I was able to pull through when i talked to my Boss about my condition, she also experienced something like this and was helped by support at onestandardfinance dot org; whohelped merecover my67,000 Dollars from thispeople
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Stay away
Stay far away from them. They will only cause you harm.
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Poor customer service
Poor customer service. They do not show concern to their traders.
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Poor customer service
Customer service is not even trained to assist clients effectively. They are very unresponsive and sometimes rude.
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Stay away
Stay away from this trading broker. The services are not good at all.
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Lose money here
Started losing minimal amounts which for me is normal however losses increase as the days pass by and so I closed my account instead.
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Lose money here
Started losing minimal amounts which for me is normal however losses increase as the days pass by and so I closed my account instead.
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Difficult withdrawals
I really had a tough time requesting withdrawals. They gave me so many runarounds as if they really don’t want to approve it.
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Bad broker
Do not fall for their demo. All here are totally programmed even losing I guess.
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Avoid this broker
Avoid this broker by all means. They do not pay off profit and are very rude.
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Stay away from them
Unregulated broker company. Stay away from them.
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Bad broker
Bad trading brokers. They keep on squeezing money from me.
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Slow customer service
Slow customer services. I have several losses due to a slow response from them.
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Rude customer service
Rude customer service. They are very disrespectful.
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Bad broker
Bad broker, they took advantage of innocent people through false hopes.
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Inaccurate signals
Do not trade with this broker company. The signals are not accurate.
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Poor signals
Against the market movement trading signals. I do not recommend trading with them.
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Not a good broker
It’s a no for this broker. They are not good at all.
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Poor signals
Against the market movement trading signals. I do not recommend trading with them.
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Poor services
The trading signals usually go against market movements. I am never impressed with services, withdrawal is always delayed.
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Unreliable signals
Unreliable broker signals. I lose more money, I could have traded on my own instead.
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Poor signals
Against the market movement trading signals. I do not recommend trading with them.
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Bad brokers
I asked for tons of documents, have complied, and yet still unable to get my profit. Bad brokers.
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Poor customer service
Customer service is not always available to help me. They do not even respond when I needed help.
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Issues on withdrawals
There are so many issues with their withdrawal process. Will never trade with them again.
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Unregulated broker
Unregulated trading broker. too late when I found out, I already lost so much money.
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Unhelpful customer service
They’ve got the worst customer service I have ever dealt with. They are unhelpful and are very rude.
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Poor broker performance
Poor trading brokers. Their overall performance is not good at all.
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Worst trading experience
I had the worst trading experience with this broker. I have lost so much money. They promised one thing but on the actual trading, it did not happen.
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Bad customer service
Difficult to deal with customer service. They sounded really very arrogant and are very unhelpful.
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Slow withdrawals
Very slow withdrawal process. I have been waiting for weeks to have my first withdrawal but up until today I still don’t have it.
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Do not pay profit
They do not pay a profit. They usually ask for so many documents that are very difficult to provide in order to deny withdrawals.
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Worst tools
Worst trading tools. There are so many glitches.
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Do not trust this company
I deposited few times and notice consecutive losses. Do not trust this broker company.
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Worst signals
They’ve got the worst trading signals. I have lost my money in an instant.
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Delayed withdrawals
Delayed withdrawals are my reason for quitting. I don’t think they are good brokers to deal with.
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Bad customer service
Bad customer service. They are very insensitive to the choice of words and are very unhelpful.
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Poor signals
Poor signals. Most of the time they are not reliable and causing me to lose money.
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Scam people
Poor trading advice. Poor platform and poor services. I guess they are fake and just scam people.
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Bad forex broker
I am so furious about this broker company because they have closed my account accusing me of some violation after they see some great profit from my trades. My account is still frozen and I am unable to get my money back.
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Not recommended
I am not going to keep their services and will never recommend them also. They are very demanding, keep on asking for more money even if they haven’t shown good results yet on my first two deposits. I felt like something is really wrong.
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Expensive
They keep on changing their terms and there is a drastic price increase. Services are okay but it is really very expensive to trade with them.
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Slow withdrawals
This could have been a good broker because signals are profitable if their withdrawal is also fast. Very annoying to undergo all the runaround of their slow withdrawal process.
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Irresponsible brokers
Irresponsible brokers, they do not meet set time for callbacks.
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Worst trading software
Worst trading software. It has so many technical issues that they can’t even resolve. Customer service are nice people but platform really sucks.
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Not a good broker
Worst trading services. I have used this broker in the past and it is really not good enough.
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Very slow withdrawal
These broker services are just fair. Sometimes signals are accurate sometimes not. Customer service is friendly and eager to help. But sad to say withdrawal is very slow.
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Poor trading software
I lost connectivity every time I am using their trading software. I reported the issue and they insisted that it is my internet connection but other apps are fine. So I am sure that there is really a problem with their trading software.
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Bad brokers
Better think twice before dealing with this broker, they are very unethical brokers. I will surely give a hard time once you started asking for the withdrawal request.
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Poor broker support
Poor broker support. They not always available to help me with my trading needs.
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Poor trading conditions
Not so good trading terms. Very poor leverage and a lot of policies upon withdrawal.
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Complicated trading platform
This is my current broker but I am planning to switch. They have a very complicated platform and customer service is not even helping me understand the platform. I am having some trouble organizing my portfolio.
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Unable to withdraw
I will not trade with this broker anymore. I was not able to withdraw anything.
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Slow withdrawals
Slow withdrawals. I am so annoyed with their long process of withdrawals.
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Poor signals
I am not going to trade with them again. The signals bring more losses than winning trades.
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Worst services
Extremely worst services. Not recommended.
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Poor trading software
I had a real struggle with their software. Aside from its confusing interface, there are so many technical problem.
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Poor services
Poor trading services. Withdrawals are very very slow.
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Difficult withdrawals
Difficult withdrawal process. There are so many required documents needed. it is almost impossible to withdraw money here.
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Withdrawals don't work
Withdrawals don’t work here. They will always give out excuses to block it.
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Upsetting withdrawal process
I started and have traded smoothly with this broker. I thought they’re good until I requested for withdarwals, they started also to give me hard time. Very upsetting.
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Slow withdrawals
Poor services. Slow withdrawals.
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Expensive instruments
Very expensive trading instruments. I invested too much and yet I do not get good returns.
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Inaccurate signals
Do not rely on this broker advise, it is really very inaccurate. I have traded with them and for several times, they have given me signals that are against the market movement.
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Poor investment returns
I have used the service sometime in the past but have closed my account because they keep on increasing their prices. Services are okay but returns are not.
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Do not deal
Poor trading services. Do not deal with them.
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They have the worst WD service ever! do not trust them
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Poor trading signals
Could have been a good broker if signals are okay. All other services are good except for the signals.
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Poor customer service
Poor customer service. They are most of the time unresponsive.
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Not recommended
I do not recommend trading with this broker. I have tried their services in the past and they are not a good broker to trade forex with.
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Slow withdrawals
Since the day I started trading with this broker, the problem I had to face is slow withdrawals.
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Not recommended
I will never recommend this forex broker to anyone, withdrawal is slow and trading with them causes more losses than profits.
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Poor customer service
Their customer rep doesn’t have clue about their own regulations, has limited knowledge about their products and services. It seems like they are not well informed.
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I want my money back
I wasn’t able to get my money from this broker. I have traded with them and I am unhappy with the services. And I decided to file for a refund and close my trading account instead. But I began to have contacted them, until today, it’s been over a month I wasn’t able to get my money.
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Unreliable trading advice
They’re using a better version of the trading platform and so I thought it’s gonna be a good broker for me. but I can not rely on their trading advice, I got so many losses than winning trades.
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Useless trading advice
Useless trading advice. I got so many losses when I traded with them. They even offered educational tools that are also completely useless.
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Worst service
It worst service I ever had in my entire years in forex trading. Poor broker signals.
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Do not trade with them
Bad broker service. Withdrawals are slow and there are so many requirements. They even sounded so unwilling to assist with my withdrawal concerns. Do not trade with this broker.
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Poor forex broker
I traded with and all was messed up. The withdrawal is very difficult and I got more losing trades. I even have greater losses than profits.
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Troubled with withdrawals
This broker has so many issues with the withdrawal process. I had 4 withdrawal requests for the past 2 months but all of the withdrawals I had with them troubled me.
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Hassle withdrawal process
Almost impossible to request withdrawals. They will ask you to provide so many documents for account verification and will decline the papers and ask for replacements. There is so much hassle in their withdrawal process.
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Slow withdrawals
Good broker signals, the problem is they have a lot of requirements for withdrawals and the process is very slow.
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Poor broker
Poor customer service. Do not trade with them.
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Good broker so far
I’m glad I have switched to this broker. They are really very friendly and knowledgeable. I haven’t experienced it yet. I will post another review for withdrawal once I’ve got one.
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Lost money
I have just wasted my $250 dollars. Have to open an account and lose in an instant.
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Poor signals
Against the market movement trading signals. I do not recommend trading with them.
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Issues on withdrawals
There are so many issues with their withdrawal process. Will never trade with them again.
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Poor offers
Offers aren’t that good. I felt like I have just wasted my time on this.
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Expensive offers
Offers are very very expensive. Not a recommended trading broker.
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Dishonest broker
Dishonest broker. They do not discuss all terms clearly and surprise me with terms when I attempted to withdraw.
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Delayed withdrawals
There is a great delay in the withdrawal process. I am very frustrated with the wait time.
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Worst signals
They’ve got the worst trading signals. I have lost my money in an instant.
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Difficult to withdraw
Do not trade with this broker company. They always give hard time on withdrawals.
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Bad customer service
Bad customer service, they are unhelpful and really very rude.
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Do not trade
Do not trade with them, it is very difficult to request withdrawals.
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Not a recommended broker
I will never recommend this broker company to anyone. Signals and services are not good at all.
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Slow withdrawals
Very slow withdrawal process. I had hard time gertting an approval for my withdrawal request.
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Poor trading services
Poor trading services. I have invested a few to test and good thing as early as the first month I was able to see the flaws. It prevented me from losing too much.
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Slow withdrawals
Slow withdrawals. They ask for so many documents.
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Poor trading software
Poor trading software. There is so much technical problem.
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Incompetent
Worst customer service. Very incompetent.
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Poor customer service
Poor customer service. They are difficult to contact and are very rude.
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Slow withdrawals
Very slow withdrawal process. I have been waiting for weeks to have my first withdrawal but up until today I still don’t have it.
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Lose money here
Started losing minimal amounts which for me is normal however losses increase as the days pass by and so I closed my account instead.
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Unreliable signals
It is just a waste of money and time to trade with this broker. Signals are unreliable.
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Difficult withdrawals
It is very difficult to withdraw. Do not trust them.
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Worst trading experience
I had the worst trading experience with this broker. I have lost so much money. They promised one thing but on the actual trading, it did not happen.
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Frustrating withdrawal process
Frustrating withdrawal process. After asking for so many documents, they will ask for more.
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Poor customer service
They do not reply to messages. Poor customer service.
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Slow withdrawals
Poor services. Slow withdarwals.
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Unprofessional
Unprofessional trading brokers. They do not attend to trading concerns.
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Irrelevant trading signals
Irrelevant trading advice. All their signals are ineffective.
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Unreliable
Not a good trading broker. Signals are unreliable.
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Not a skilled broker
Avoid dealing with this broker. They are not skilled in the forex market.
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Poor trading broker
I’ve got no good reason to keep the services not to recommend them. Signals are not even good and tools are so faulty.
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Unable to withdraw
Unable to withdraw funds from this broker. They are very uncooperative and does not allow me to withdraw my profit.
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Bad customer service
Difficult to deal with customer service. They sounded really very arrogant and are very unhelpful.
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Keeps denying withdrawal request
They are very annoying. They keep on denying withdrawal requests.
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Poor broker services
Not a good broker for online trading. I have encountered so many irrelevant advice and signals here.
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Disrespectful
Disrespectful and rude people. Stay away from them.
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Worst forex broker
One of the worst broker I have ever known. The signals and services are both worst.
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Missing withdrawal
They approved and process withdrawal, so I waited for my money. Sad to say I never receive it and worst I can no longer access my account they block it. Can’t even contact them and they no longer reply to messages.
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Can't get any single cent
They denied me my profit as well as my deposit. I want to completely close the account due to irregularities but I am unable to get any single cent.
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Block withdrawals
They will never pay for your profit. I had a hard time requesting my profit, they would always come up with anything to simply block withdrawals.
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Poor forex broker
It’s not good to trade with this broker. Aside from the limited trading options, it is very difficult to get approval for withdrawal requests.
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Horrible services
Horrible trading services. I lost money on their online trading. Do not deal with them.
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Bad broker
Not a good trading partner. They are very rude and unhelpful.
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Unreliable signals
I have lost huge money here. I can not trust on their signals.
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Poor customer service
It is very difficult to get through their customer service hotline. They don’t even respond to messages.
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Great cheaters
They are great cheaters. I did conduct some research and their market movements are different from reality.
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Cheaters
Cheater-broker. They keep on changing trading terms to block withdrawals.
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Worst customer service
Worst customer service I have ever dealt with. They are very rude and sounded very unhelpful.
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Do not pay profit
They do not pay for profit. They usually ask so many documents that are very difficult to provide in order to deny withdrawals.
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Poor services
The trading signals usually go against market movements. I am never impressed with services, withdrawal is always delayed.
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Not a good broker
Worst trading services. I have used this broker in the past and it is really not good enough.
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Poor trading services
Poor trading services. Withdrawal is really very slow and customer services are always unavailable.
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Avoid this broker
Poor customer service and the worst trading platform I have ever use. Try someone else, avoid this broker.
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Fraud
Have traded with them for just two weeks and with that short period of time, I can say that they are fraud and what they have is a plain cheat.
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Worst trading signals
The worst trading signals I have ever used. It always goes against market movements most of the time.
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Worst platform
Worst trading platform. I had so much trouble using the software. I always encounter system problems.
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Stay away from this broker
Stay away from this broker. They will not do you any good. I have lost so much money on their trading scheme.
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Slow withdrawals
Slow withdrawals and poor services. No good reason to keep their services.
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Slow customer service
Slow customer services. I have several losses due to a slow response from them.
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Poor customer service
Poor customer service. They can not resolve trading concerns. They do not respond to messages as well.
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Absolutely worst
Absolutely the worst I have ever tried. Broker signals are not that effective and services are not good at all.
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Poor services
Poor service. Just a waste of money and time. Not a good broket for forex trading.
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Not trustworthy
They are not trustworthy. Worst they’ve done is that they place trades without my permission.
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Poor trading results
Poor trading results. I have used their services for a few months and I never got any good results.
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Annoying withdrawal process
Could have been a good broker if withdrawal is fast. People are good to deal with but their withdrawal process is really very annoying.
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Unreliable
Unreliable and unresponsive broker services. I am not trading with this broker again.
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Poor broker services
Slow withdrawal. Poor services. I did trade with them for a month but did not succeed at all.
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Not an ideal forex broker
Not an ideal broker for forex trading, signals are slow and they are not skilled enough to organize portfolio. All seems a mess here.
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Poor customer support
Poor customer support. They can not comprehend and can’t communicate well. It is even very difficult to ask for help, the support line is always busy.
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Delayed withdrawals
Customer service is great but they can’t do anything on their withdrawal delays. Almost impossible to withdraw.
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Bad customer service
Bad customer service. Always not available and once you get one, they seem so rude and empathetic.
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Avoid this broker
Aside from the very slow withdrawal service, everything about this broker is worst. Avoid this broker by all means.
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Terrible support
Terrible online support. I can’t even rely on them to provide me good resolution.
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Slow withdrawal process
Trading terms are okay. The only thing that made me decide to change my broker is the slow withdrawal process. Aside from the difficulty in securing approvals, the process of credit is very slow.
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Slow withdrawals
The slow process of withdrawals. This is the reason I am closing my account. Withdrawal is really very slow.
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Bad withdrawal process
Unacceptable withdrawal terms and processes. It seems as if it is very impossible to withdraw. I am not happy with withdrawals and I am not trading with them again.
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Difficult withdrawal process
Be careful not to trade with this broker. It is very difficult to withdraw profit.
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Poor support
Slow customer service, some of my messages are left unreplied. Customer service is not always available to assist. Poor support.
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Not a good broker
I honestly don’t know what to expect in my succeeding weeks. My first week is very disappointing. Do not deal with them. They are not a good forex broker.
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Disappointing brokers
I am so disappointed with the broker services. I got several losses, only got one winning trade-that is when I started trading. The rest are all losses.
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Beware with this broker
Don’t be fooled by this broker service. They will give false hopes just to convince you. Once they hooked you up they will ask for more money. Be careful nobody wins on their forex trading.
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Slow customer service
Slow customer service replies. A simple concern would take them almost the entire day to resolve.
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Trading platform lags
The trading system is not user-friendly, it lags all the time. Why not upgrade it for a better experience? Could have been a good broker if not because of their faulty platform.
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Not recommended
I wouldn’t recommend this broker to anyone. Unsafe to trade with them, unreliable signals and platform and frustrating withdrawals are among the reason why I closed my account with them.
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Not profitable
Not profitable. I have been trading with this broker and I am not happy with the profit.
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Irresponsible and unprofessional
Irresponsible and unprofessional. They are supposed to help me succeed but their negligence had made me failed.
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Hassle withdrawal process
There’s so much hassle on their withdrawal process. They will ask you to replace documents over and over again.
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Do not trade with them
Do not trade with them. These are thieves and just collecting your money for nothing.
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Unsafe to trade with
It is very unsafe to trade with them. They said that they are regulated but based on their practices as if they are not bounded by any laws.
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Slow withdrawals
I am happy with all the processes for the first month until I requested for withdrawal. Everything is good except their withdrawal process which is very slow.
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Stay away
“I complain about a loss and the broker was so rude, even though it was kind of his fault and mistake. Stay away!”
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High slippage
I have noticed high slippage and some discrepancy in pricing compared to other brokers. I felt like something is wrong and so I stop trading with them.
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Worst
Everything was perfect when I started trading with them but eventually becomes worst as I trade along.
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Worst withdrawals
Worst withdrawal process. It took them a long time to process and hard to produce requirements to submit.
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Slow withdrawals
Slow withdrawal process. You’ve got so many things to provide. It took me so many weeks to wait for my money.
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Stay away from them
Stay away from them. They are cheating clients. Something seems wrong on thier charts.
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Waste of time
It is a waste of money and time dealing with this broker. Poor signals and inaccurate market analysis.
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Unresponsive and rude
I am not happy dealing with this broker service. Support is very unresponsive and rude.
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Do not invest
Do not invest your money in their trading schemes. They will just collect it and will let you lose.
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Unable to withdraw
I am unable to withdraw my profit. I can see my profit on my trading account but they do not allow me to withdraw it.
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Slow customer service
Slow customer service. Replies on emails most of the time takes a week. It is also hard to wait for an answer from live chat.
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Poor customer service
Poor customer service interactions. They always sounded unwilling to help.
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Slow withdrawals
This broker’s withdrawal process is very slow and signals are very poor. What I am just happy about is their customer service.
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Unprofessional
Very unprofessional and unreliable brokers. Not worth dealing with.
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Unresponsive customer service
Brokers are very good, signals are profitable. However, their customer service is not responding most of the time.
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I lost all my money
I feel sorry for myself. I have traded with this broker and I regret losing all my money.
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Withdrawal issues
I have encounter withdrawal issues with this broker. This happens within the whole 6 months of trading with them
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Unhappy with their performance
I am not happy with the overall performance. I gain very little profit.
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Good forex brokers
Good forex brokers. I have started trading with them for a month now. I hope services gets better as I trade along.
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Trading terms are not so good
Trading terms are not so good. They will change what is being agreed upon during actual trading.
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Worst forex broker
One of the worst broker for forex trading. Super slow withdrawals and there are so many requirements.
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Slow withdrawal
This is a regulated forex broker however signals aren’t that good and withdrawal is a bit slow.
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