Compare forex brokers 24option VS Pacific Financial Derivatives Ltd

If you're choosing between 24option and Pacific Financial Derivatives Ltd forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is 24option better than Pacific Financial Derivatives Ltd? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

24OPTION VS PACIFIC FINANCIAL DERIVATIVES LTD

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

Pacific Financial Derivatives Ltd
Pacific Financial Derivatives Ltd Overview

The PFD brokerage firm was founded in 1999 in New Zealand. The broker offers Forex and CFD trading on the popular MT4 platform. Trade executions are fast and there are no restrictions on trading strategies.

# Broker's Features 24OPTION Availability PACIFIC FINANCIAL DERIVATIVES LTD Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare 24option vs Pacific Financial Derivatives Ltd.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. 24option offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, while Pacific Financial Derivatives Ltd offers Currencies, Commodities, Indices.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. 24option is Market Maker, STP, while Pacific Financial Derivatives Ltd is ECN, STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. 24option is regulated by CySEC, IFSC, while Pacific Financial Derivatives Ltd regulated by FMA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. 24option offers USD, EUR, GBP different account currencies for each account types, while Pacific Financial Derivatives Ltd offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. 24option offers English, while Pacific Financial Derivatives Ltd offers Chinese, English, Tamil, Vietnamese Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill different payment methods for each account types, while Pacific Financial Derivatives Ltd offers Credit/Debit Cards, Moneybookers, Neteller, Skrill, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, 24option makes MT4 available to clients, while Pacific Financial Derivatives Ltd offers MT4.

The Verdict: 24option or Pacific Financial Derivatives Ltd?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, 24option is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. 24option broker is regulated in more major hubs. 24option offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As a market maker, 24option may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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