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April 25, 2014

Compare FX Brokers

Let's compare brokers spread

NFP on 08/01/2014:

FXCM: (Highest spread recorded = 25)

Exness: (Highest spread recorded = 27)

FXOpen: (Highest spread recorded = 36)

Traders Way: (Highest spread recorded = 40)

Pepperstone: (Highest spread recorded = 50)

IC Markets: (Highest spread recorded = 85)

News on 04/25/2014
I have choosen ramdomly a News that has affected GBP's pair

FXOpen: (Highest spread recorded = 10)

InstaForex: (Fixed spread) (Highest spread recorded = 12)

FXCM: (Highest spread recorded = 23)

Pepperstone: (Highest spread recorded = 33)

Chart: How did Pepperstone steal my trade?

We see into history that SL has been hit at 1.9627 while the highest price was 1.9601. In 3 seconds, price has rised from 50 pips and + over 30 pips spread for the news and my trade is dead.
The same trade with any other brokers wouldn't have been ended like that.


MT4 is an uggly tool that doesn't even provide an alert if spread is getting too large. So when a news comes into Forex market, some brokers suffer from a low liquidity and so the spread can widen for 1 to 5 seconds up to 30 pips. (I have already seen up to 50 pips with my Indicator that tracks spread).


I won't trade with Pepperstone anymore.

Ps: This is one of the first most important criteria I check when I look for a broker. What does spread look like when a news comes up.


Leave a comment:


  1. This is the reason why I mover to IC Markets, they have the best EUR/USD spread on the world. Pepperstone totally sucks, IC Markets is way better for scalping.

    1. Thank you for sharing your view. Pepperstone is bad for sure... I was about to check live FxOpen. I will find out about IC Markets

  2. ICMarket sucks to the core, they widen your spreads damn crazily during rollover time and also news stay away. They are not True ECN rather bucketshops . I lost hard earned money they cared a damn to revert back the trade because of spread widening.

    1. Unfortunately, all ecn brokers suffer from widening spread for news. The question is which broker provide the best conditions to trade news? (any news: lowest spread, lowest slippage, higest liquidity providers). If anyone trades news and ia happy with his broker... please let us know. thx

  3. Pepperstone is the worst broker on the world. I moved all my trading to IC Markets who are a much bigger and professional operation.

  4. I am still testing Pepperstone and IC Markets, and consider ICM platform to be worse.

  5. No body should trust Pepperstone. They have unreliable servers and will lie to you when you tell them about your connection issues. Axitrader and ICM are much better.

  6. pepperstone
    Pepperstone คือ โบรกเกอร์ FOREX ชั้นนำของโลก จากประเทศออสเตรเลีย เป็นที่นิยมอย่างมาก มีความมั่นคงและความปลอดภัยสูง จดทะเบียนใบรับรอง ASIC และ FCA มีเว็บไซต์รองรับภาษาไทย มีคนไทยให้บริการ ตอบคำถามผ่านทางออนไลน์ ฝาก ถอน เงินผ่านระบบธนาคารออนไลน์ของไทยได้ เปิดให้บริการมายาวนานกว่า 10 ปี