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. 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, and dealing only with licensed hedging counterparties from stringent jurisdictions. 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, and Indices 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.
There is no minimum deposit for the PFDTrader or PFDPro account; the maximum leverage is 1:300 and 1:100 respectively.
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. PFD's hosting is at the key data centre in Equinix NY4, USA to offer low-latency and best liquidity to its clients.
PFD uses 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 Multi-Terminal 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, and spot metals, 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).
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.
Funding to accounts at PFD can be using Credit/Debit Cards, bank wires and a host of online payment programs such as 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 also.
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, online Chat or Skype.
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.
Review info: PFD NZ
Review Date: 2019-01-15
Rating : 4
Reviewed By : Sara Patterson (Google+)