Pacific Financial Derivatives Ltd Review 2019

Regulated By:FMA

Foundation Year:1999

Headquarters:Level 8, 12-26 Swanson Street, Auckland 1010, New Zealand

Min Deposit:$1

Open Account

Your Capital is at Risk

Your Capital is at Risk
  • Through the use of Expert Advisors (EAs), forex trading can be automated on the MT4 platform.
  • The MetaTrader market is accessible from the platform. Traders can purchase useful tools like indicators, EAs and other tools from other traders, developers and dealers.
  • MT4 provides access to the MQL5 development environment where robots, indicators and other essential apps or MT4 plugins can be created.
  • Mobile Trading Platforms

    “The MT4 mobile apps are available for the Android and iOS devices. They integrate seamlessly with the desktop versions.”

    The MT4 app is designed for the iPhone and android mobile devices. To use the MT4 mobile, download and install the app from the iOS or android store. Start typing ‘PFD’ in the ‘choose trading server’ search screen. The broker servers display while typing. Choose either the PFD-demo or PFD-real server according to your account type. Login with your ‘user ID’ and ‘password’ to commence trading.

    Here are a few of the features of the PFD MT4 mobile app:

    • It is simple, easy to use and a trader needs no training to use the app.
    • Full integration with the desktop app. A position can be opened on the desktop platform and then monitored on the go with the mobile app.
    • Technical analysis charts, drawing tools, timeframes are all available on the MT4 app.
    • Trades can easily be placed, monitored and closed. This includes order management and risk management features.
    • The app is fast and rugged. It executes trades at great speeds.

    Trading 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.”

    Multi Account Manager (MAM) Forex

    Managing multiple accounts requires a method of executing orders simultaneously on these accounts. PFD provides the MT4 Multi Terminal app which is developed for money managers who manage clients’ account by trading on their behalf. Hundreds of investor accounts can be managed and traded simultaneously from one master account. Money managers and their clients must fill the “MAM Power of Attorney and Compensation Acknowledgement” forms provided by PFD. This is done in order to legally instruct PFD to authorize the payment of the performance fee to the manager from the profits generated for the clients.

    Here are some of the benefits of the MAM account:

    • Easy to manage unlimited investor accounts from one single manager account.
    • The manager can trade multiple accounts with a single click.
    • Periodical reports can be generated from the system.
    • The manager can distribute trades based on margin, equity or balance.
    • All trading strategies, styles, even EAs are supported without system restrictions.

    Commissions & Spreads

    “PFD spreads are relatively low and measure up to what is obtainable with EU MT4 brokers. Commissions are also charged on trades depending on the account type.”

    Below are the tradable asset symbols and the average spread values for the PFDTrader account:

    SYMBOL SPREAD SYMBOL SPREAD
    CURRENCIES COMMODITIES
    USDCHF 1.2 UKOUSD 3.5
    GBPUSD 0.7 BRENT 4
    EURUSD 0.8 WTI 6
    USDJPY 0.7 XAUUSD 21.3
    USDCAD 0.9 XAGUSD 21.3
    AUDUSD 1 INDICES
    EURGBP 0.9 AUS200 23
    EURAUD 1.6 CAC40 12.6
    EURCHF 1.2 DAX30 17
    EURJPY 0.9 JP225 122.3
    GBPCHF 1.7 STOXX50 13.4
    CADJPY 1.4 UK100 17
    GBPJPY 1.5 US30 25
    AUDNZD 2.4 US100 20
    AUDCAD 2.4 US500 6.3
    AUDCHF 1.5 CHINA_50 111.4
    AUDJPY 1.7
    CHFJPY 2.5
    EURNZD 2.8
    EURCAD 1.8
    CADCHF 2
    NZDJPY 1.3
    NZDUSD 1.6
    EURDKK 8.4
    EURNOK 21.4
    EURSEK 16.6
    EURTRY 69.7
    EURZAR 65.3
    GBPCAD 2.2
    GBPDKK 22.6
    GBPNOK 35.1
    GBPNZD 3.4
    GBPSEK 27.5
    GBPTRY 121.9
    GBPZAR 100
    NOKSEK 5.5
    NZDCAD 1.5
    NZDCHF 1.4
    USDCNH 11.8
    USDDKK 8.3
    GBPAUD 1.8
    USDHKD 7.5
    USDNOK 24.7
    USDRUB 45
    USDSEK 12.2
    USDSGD 2.3
    USDTRY 41
    USDZAR 60.5
    ZARJPY 2.4

    *The list of spreads is taken directly from the broker website and is subject to change at any time.

    Bonus & Promotions

    “PFD broker have no bonuses or promotions. This is in accordance with the regulatory requirements of New Zealand.”

    PFD does not provide any deposit bonus, welcome bonus or any other bonuses. Furthermore, no trading contests or promotions are organized by PFD. This is in keeping with the regulatory requirements in New Zealand.

    Customer Support

    “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.”

    The PFD customer support is available from 10am Monday 10am to Saturday 10am. The team is very knowledgeable and eager to assist.  They speak English, Chinese and Russian.

    The following support channels are available:

    • Contact form: This is available on the ‘Contact Us’ page of the PFD website. Just drop your message, name and email and a support staff will contact you by email.
    • Skype: This is an instant message app available on the computer and mobile devices. It is used for chats, voice and video calls. The support team’s Skype id is “pacific.f.d”.
    • Instant Web Chat: This is available on every page of the website.
    • Email:info@pfd-nz.com, admin@pfd-nz.com, compliance@pfd-nz.com
    • Phone Number: Client services +64 9 6320129, technical support +64 9 6320100. National toll free line is 0800 000973. Australia: 1 800 648597.
    • Social Media: The following social media channels are available:
      • Facebook.com/Pfd New Zealand
      • Twitter.com/@pfdnz

    The social media channels are regularly updated. The Facebook page is frequently updated with news from different sources such as www.bbc.co.uk. Emails are promptly replied within a few hours. When we initiated a chat, the support assistant joined within 40 seconds. The support team is courteous and helpful.

    Research

    “The Economic calendar is provided to assist the trader in fundamental analysis.”

    The only research tool on PFD is the Economic Calendar. This is a schedule of important economic events that happen around the world, and which impact currencies and markets in the affected countries. These events are likely to affect the prices of tradable assets. The Economic Calendar shows the affected assets, its impact estimate, history and other info. The Economic Calendar is available on the website.

    Trader Education

    “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.

    Trading Experience

    “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.

    FAQ

    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.

    Conclusion

    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.

    Top User Reviews

    FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.
    Rate Pacific Financial Derivatives Ltd

    Specs

    Latest Tweets by @pfdnz

    Rate Pacific Financial Derivatives Ltd
    Pacific Financial Derivatives Ltd

    Your Capital is at Risk

    Your Capital is at Risk