Pepperstone!! Beware of this Scam broker or you will get hurt

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Broker NamePepperstone
Regulation AuthorityUnsatisfactory Response
Complainant's NameNAVANEETHAN N, INDIA
Contact Number-
E-mail Address -
Complain Date October 1, 2015
Broker's Response Unsatisfactory Response
Complain Status Not Solved
Complainant's Claim Amount-

Pepperstone is among one of the Scam brokers. Their ECN account is fake. I had Standard Account for one year and switched it to ECN account.

On 29.09.2015, I sold USDSGD. The normal spread was 2~3 pips. At 23:59 hours they purposefully widened their spread and taken out my SL which was 13 pips away. The price did not even go near the SL but they had taken the SL.

They suddenly widen their Spread and hunting the SL. Beware of this Scam broker or you will get hurt. Luckily I had a small account with them.

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