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||PACIFIC FINANCIAL DERIVATIVES LTD Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||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 review 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. Pacific Financial Derivatives Ltd offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices.
Tradable Products: PFD presents fewer asset classes than most EU/UK and Australian brokers. Traders on PFD can trade 49 currencies pairs, 10 indices and 5 commodities, and these are available for trading on the MT4 platforms.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Pacific Financial Derivatives Ltd is ECN, STP.
Features: PFD has the ‘MAM forex account’ specially designed for experts who trade on behalf of other clients. The PFD MT4 Multi Terminal is designed for that purpose.
As Pacific Financial Derivatives Ltd offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Pacific Financial Derivatives Ltd recommended minimum capital is $1.
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. Pacific Financial Derivatives Ltd is 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.
Investor Protection & Regulations: PFD is a FMA regulated firm which enacts standard security practices and also separates trader funds from broker funds.
Languages Available: Next lets have a look at each broker's different Language options. Pacific Financial Derivatives Ltd offers Chinese, English, Tamil, Vietnamese.
Payment methods: Next lets have a look at each broker's payment options. Pacific Financial Derivatives Ltd offers Credit/Debit Cards, Moneybookers, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types.
Deposit and withdrawal: Credit/debit card, Bank Transfers, and online payments are accepted by PFD broker. The e-payment channels are POLi, Skrill, Rapid transfer, and China UnionPay.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Pacific Financial Derivatives Ltd makes MT4 available to clients.
Web & Desktop Trading Platforms: MT4 is the only trading platform available to PFD clients. It is user-friendly, yet sophisticated enough to satisfy the needs of most traders. The platform is furnished with indispensable tools needed by the trader.
Mobile Trading Platforms: The MT4 mobile apps are available for the Android and iOS devices. They integrate seamlessly with the desktop versions.
A Forex introduction article and a Forex glossary are provided. These are the only tools for trader education on PFD.
PFD broker have no bonuses or promotions. This is in accordance with the regulatory requirements of New Zealand.
The Client support team works 24/5 and can be reached via instant chat, Skype, telephone, email and on the social media. Russian, Chinese and English are the 3 major languages spoken by the support team.
PFD is a regulated broker based in New Zealand. The firm has been in operation for several years. Therefore, it has gained experience and growth. The broker operates the NDD brokerage model as it passes trade executions to quality liquidity sources. This ensures that trade execution are swift though sometimes slippages and requotes occur.
There are no promotions, bonuses, contests or additional trader tools like VPS, MT4 plugins, daily technical analysis or market news. The glossary and training article provided are grossly insufficient to train a beginner trader to any reasonable level. In order to effectively compete with other leading brokers, PFD need to expand its services to cover these areas.
PFD services are designed for all traders but it is especially good for expert traders who have their own strategies and trading styles using the MT4 platform.