Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
Pacific Financial Derivatives Limited (PFD-NZ), founded in 1991, may be based in Auckland, New Zealand, but its Forex services have a decidedly global reach. The company is authorized by the Financial Markets Authority in New Zealand and is a member of Dubai Gold Commodities Exchange. It is also a member of the Financial Dispute Resolution scheme in New Zealand, a third party service that helps settle resolutions between companies and their clients.
Being a licensed broker, PFD follows stringent laws including segregation of investors' funds, maintenance of adequate net tangle assets, dealing only with licensed hedging counterparties from stringent jurisdiction. Traders' dealings with PFD are subject to oversight and monitoring by the regulated body whose aim is to protect the interest of investors.
PFD offers brokerage services and trading platforms for trading in Spot Foreign Exchange, Spot Metals, Spot Oil, Commodities, CFDs, Indices and deals in Futures CFD Contracts for small, medium and large investors and market participants across the globe.
PFD's most popular account types are PFDTrader, PFDPro and PFDProPlus. PFDTrader offers commission free FX trading. PFDPro and PFDProPlus offer tightest spreads bundled with positive slippage, competitive trading terms, no restriction trading strategy and charges only $1/side/lot commission.
PFDProPlus is unique that it allows swap net out on the top of all other features of PFDPro - Net out swaps mean accurate swap values calculated for summarised unhedged position. PFD also offers FIX API accounts without any special stipulation as regards minimum funding or minimum monthly trade volume.
The minimum deposit for the PFDPro account is $1000 and the leverage is 1:100; there is no minimum for the PFDTrader and leverage is 1:300 for accounts with equity up to $5000, 1:100 if above $5000.
OptionsXO Trading Platform
While there is no commission charged for money in the PFDTrader account, a commission of $1 per side/standard size lot is taken on all PFDPro deposits.
When it comes to spreads, PFD prides itself on offering the most competitive in the industry.
PFD offers traders a 15 day demo account through which they have $10,000 of virtual credit to test the company’s platform and execution.
PFD is connected with about a dozen liquidity providers and enjoys deep liquidity during all trading sessions. From a processing stand point, PFD is a 100% STP and NDD broker. PFD's hosting is at the key datacenter in Equinix NY4, USA to offer low-latency and best liquidity to its clients.
PFD has a combines the most popular trading platform (MT4), most competitive spreads, no-restriction trading strategy and hassle-free execution. PFD prides itself as offering one of the most competitive spreads in the industry.
PFD offers the MT4 MultiTerminal which is designed for managing multiple Forex trading accounts simultaneously and is appropriate for account managers and traders who handle multiple concurrent accounts. It works with securities of Forex, CFD, spot metals, shares and futures and offers a Single-Click, Single-Platform, Multiple Accounts solution as well as multiple order types such as Market, Stop and Limit. All unique order types accepted including Trailing Stop, Close by and Close all. Traders can receive quotes and news in the online mode.
Multi Account Manager (MAM) is designed for Money Managers. It is an integrated software tool to quickly execute block orders under a master account and conveniently automate trade allocations to multiple customer accounts. MAM broadens the functionality of the MT4 platform by enabling the Money Manager to effectively trade and manage multiple accounts. MAM supports Expert Advisors (EAs).
PFD has joined forces with leading spreads comparison site, FX Intelligence, to compare spreads between PFD and other major brokers. Prices and spreads for all major currencies are shown. Traders can use the analyzer to rank the best regulated brokers for currencies and market-hours that they trade.
During the course of our Pacific Financial review I was satisfied to see that most information about the brokerage was listed on their website. In fact, the website is clear, intuitive and suited to new users who want to learn about the company without being distracted by irrelevant or unnecessary features.
I did miss, however, the usual educational material almost always offered by other brokerages. There was nothing about video tutorials, webinars or even news reports and analysis. This is sorely lacking for traders on all levels of trading and is somewhat surprising considering the fierce competition that reigns in the Forex brokerage arena.
Funding to accounts at PFD can be using Credit/Debit Cards, bank wires and a host of online payment programs such as Money Bookers (Skrill).
Withdrawals are made by filling out an online withdrawal form which can be used for bank wires and other funding methods. The same form can be sent in its physical form.
PFD provides continual 24 hour support from 10:00 am Monday New Zealand time (11:00 PM Sunday London time, 6:00 PM Sunday New York time) through 10:00 am Saturday New Zealand time (11:00 PM Friday London time, 6:00 PM Friday New York time)
Customer service can also be reached via email, Chat or Skype. It should be noted, however, that the company must first approve your Skype invite, which may mean that you won’t have immediate assistance when you first attempt to contact the company.
PFD is the logical choice when looking for a broker of high end performance with a personal approach. Investors' funds are segregated and protected. PFD tops the list when it comes to transparency and fairness in dealings.
PFD has several interesting features but what stands out are its platforms and trading tools. In addition to the two different MetaTrader trading platform, the PFDTrader (MT4) and the PFDPro (MT4), PFD offers the MT4 Multi-terminal platform which is designed for managing multiple Forex trading accounts simultaneously as well as the Multi Account Manager (MAM)integrated software designed for Money Managers to quickly execute block orders under a master account.
PFD offers traders two types of trading platforms.
PFDTrader (MT4) is a user friendly dealing and order management system which allows PFD clients to access global markets in real time. The platform is internet based and allows real time so clients can manage their portfolio from anywhere in the world. The PFD Trader (MT4) terminal provides clients with a real time profit and loss position as well access to daily and monthly statements. PFD clients can also view their trading history and open positions on-line 24 hours per day.
PFDPro (MT4) has all unique features of the MetaTrader 4 platform. What makes PFDPro (MT4) most attractive is the tight spreads bundled with positive slippage. PFDPro is most suited to professional, speed and news traders by offering deep liquidity and attractive features. Since it is a NDD (No Dealing Desk) broker it allows the use of scalping and robots without any restrictions as a way to generate results.
MT4 MultiTerminal is a real-time trading platform, which enables introducers and money managers to simultaneously observe the system at the same time as their investors.
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PFD does not levy any fees/charges either for funding or withdrawal but banks and payment solutions providers do charge for bank wire and for using the payment gateway respectively.
Read chapter 22 & 23 to get clearer picture of Bank fee & credit/debit card fees as disclosed in > https://www.pfd-nz.com/downloads/ PFD_Disclosure_Statement.pdf
20. Bank Fees
Our banks levy a fee of US $15 to $20 towards international wire payments. When you withdraw funds from your trading account to your overseas bank account, you will receive net amount the bank remits.
Local currency withdrawals incur no charge.
Our banks may charge you nominal fees on foreign inward remittances received to the credit of our accounts. PFD will credit to your account the net amount it receives.
21. Credit/Debit Card Fees
PFD does not charge credit/debit card fees. However, you will be charged fees (both inward and outward) by the card processing provider. We recommend that you request the fee schedule from the provider before making a transaction. PFD will credit to your account the net amount it receives. "
My experience with PFD. I have been trading for 13 years, and had >70 live accounts. PFD have some of the lowest retail trading costs that I have come across. Slippage is acceptable, I have not seen much lower unless you have a custom agreement with a prime broker. I generally avoid news so cannot vouch around this time. But the low trading costs make a massive difference if you are trading large volumes.
I hate the fee charged for deposits, but I guess this is made back through the trade conditions.
I tried them with a small account, expecting really nothing, and they have turned out to be very reliable.
Review info: PFD NZ
Review Date: 2018-12-09
Rating : 4
Reviewed By : Sara Patterson (Google+)