Excellent ECN spreads (and STP if that is your taste) at a broker that is regulated by ASIC? Sounds excellent. They show spreads that is lower than what I was used to at JadeFX and lower than the currently popular FinFX, and they offer micro lots and just $200 deposit limit (good for first “live test”). When (if) I ever get my money back from JadeFX I’m tempted to stick at least some of it in at Pepperstone. Still lacking reviews over at ForexPeaceArmy, which is strange, but at least there aren’t any negative ones.
Be sure to sign via Cashbackforex.com so you get the best possible deal.
I started thinking about a web application today that would publish the spreads of the top MetaTrader 4 brokers both in real time and with historical data. My idea was to open accounts at the interesting ones and run a small EA that recorded every tick to a database for further analysis by the web application. So I did a google search of course. It has been done before, partly.
Check it out, it is quite nice: http://www.onestepremoved.com/spreads.html
If I were to go ahead with my application anyhow it would include more bells and whistles. Most notably it would have spread history. I really would like to see the average spread over a definable time (like the Asian session) and a histogram of the distribution and so on. It would also be nice to see the rollover costs on the pair (some brokers take much more in swaps to be able to afford lower spreads). Also I would like to see some other brokers, like Forex.com/UK and CMSFX. But this one will do for now 
