“A Forex introduction article and a Forex glossary are provided. These are the only tools for trader education on PFD.”
Forex glossary: Only 15 forex terms are explained in this glossary. This is simply too scanty when compared to those of other brokers that provide over 200 trading terminologies and their definitions.
Forex introduction: This section of the website contains a single article that explains what forex trading is all about. It explains the reasons for trading and how to trade. It discusses currency pairs, orders, leverage and how to read charts.
“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.”
The brokerage service provided by PFD is designed for all traders. Investors with small capital are welcome since there is no minimum opening balance for the PFD trader and PFD Pro accounts. The MT4 trading platform supports all trading strategies, styles and systems. An expert trader who creates his own strategies will certainly be satisfied with the services of this broker.
However, a newbie who needs comprehensive education and guidance will not gain much from this broker. The training is limited and there are no daily technical analyses, news, webinars or social trading. Moreover, the demo account expires after 15 days.
It can be inferred that PFD brokerage services is best for intermediate and pro traders who can perform their analysis and create their own strategies. It is also apt for traders with limited capital.
Here are some of the “Frequently Asked Questions” about PFD Ltd:
Where is PFD Ltd based?
PFD Ltd broker is based in Auckland, New Zealand.
How does PFD Ltd make money?
PFD Ltd trading charges are built into the spread for the PFDTrader account. The broker also charges commissions for trading from other accounts. The broker is NDD so spreads and charges are transparent.
How do I deposit in PFD Ltd account?
The payment options accepted are: Bank Transfers, Credit/Debit Cards and electronic payments options like Skrill, Rapid transfer, China UnionPay and POLi.
What is the min. deposit for PFD Ltd?
There are no minimum deposits for the PFDTrader and PFDPro accounts.
What is the maximum leverage in PFD Ltd?
The maximum leverage is 1:300.
How do I open an account with PFD Ltd?
Click on the orange button labeled ‘Sign Up’. Select the account type and fill the resulting forms.
Does PFD Ltd use MetaTrader?
Yes, the MT4 is available.
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.
Currency pairs, indices and commodities are traded on the MT4 platform which also supports mobile trading. There are no limits on investment capital, so all traders are accepted.
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.
Here are some of the features of trading with PFD broker:
- Authorized and regulated broker.
- Premium liquidity with quality trade executions.
- Access to trade with the MT4 platform which is apposite for complex trading strategies.
- Efficient trilingual customer support desk.
- Mobile trading is supported.