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Pacific Financial Derivatives Ltd Review 2021

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Pacific Financial Derivatives Ltd Main Features
☑️
Regulations
FMA (New Zealand)
️🗺
Supported Languages
English, Arabic, Russian, Hindi, Chinese, Tamil
💰
Products
Currencies, Commodities, CFDs, Indices
💹
Max Leverage
1:300 (FMA)
🖥
Trading Desk Type
ECN, No dealing desk, STP
📊
Trading platforms
MT4
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Pacific Financial Derivatives Ltd Full Review

“Pacific Financial Derivatives (PFD) Limited is authorised and regulated by the New Zealand Financial Markets Authority (FMA), and offers clients the ability to trade across multiple Forex and CFD markets through the globally recognised MetaTrader 4 platform.”

Pacific Financial Derivatives (PFD) Limited was founded in 1999 and has been regulated by the New Zealand Financial Markets Authority (FMA) since 2015. The broker is also part of the Financial Dispute Resolution (FDR) scheme.

Clients can choose from three account types called PFD Trader, PFD Pro, and PFD ProPlus. The PFD Trader account offers commission-free trading with competitive spreads whereas the PFD Pro and PFD ProPlus are commission-based but offer the tightest spreads. MAM, Islamic and demo accounts are also available and the maximum leverage is high at 1:300.

Trading is available on the globally popular MetaTrader 4 platform and as such clients can also take advantage of FIX API and the MetaTrader marketplace to access thousands of additional trading tools, automated strategies and copy trading services.

The broker accepts various deposit and withdrawal methods including debit/credit card, bank wire, Poli and more. There is also multilingual customer support 24/5 via phone, email, live chat and Skype.

Pros: Cons:
  • FMA regulated.
  • Commission-free trading available.
  • Up to 1:300 leverage.
  • Low commission.
  • Very competitive spreads.
  • Limited trader research and education.
  • No negative balance protection.

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections


PFD Video Review

Investor Protection & Regulations

“Pacific Financial Derivatives (PFD) Limited is authorised and regulated by the New Zealand Financial Markets Authority (FMA) and is a member of the Financial Dispute Resolution (FDR) scheme in New Zealand.”

Pacific Financial Derivatives (PFD) Limited is authorised and regulated by the New Zealand Financial Markets Authority (FMA), as shown on the regulator’s register below:

PFD also provides further protection of client funds by following the below requirements:

  • Holding client funds in segregated accounts from company funds.
  • Financial Dispute Resolution (FDR) scheme.

However, the broker does not provide negative balance protection.

Tradable Products

“PFD offers clients the ability to trade on several markets covering Forex, Commodities and Indices.”

PFD offers clients the ability to trade on several markets covering CFDs on Forex, Commodities and Indices. Below is a list of just some of the available markets for trading:

Forex GBP/JPY Indices
EURUSD NZD/CAD AUS200
GBPNZD USD/SGD JP225
AUDJPY Commodities US30
USDCAD Gold UK100
AUDUSD Silver DAX30
USDJPY WTI Crude Oil US500
USDCHF Brent Crude Oil CAC40

* Details regarding the available assets are taken from the PFD website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“PFD offers three main account types called PFD Trader, PFD Pro and PFD ProPlus as well as demo and Islamic (swap-free) accounts.”

PFD offers three main account types called PFD Trader, PFD Pro and PFD ProPlus as well as demo and Islamic (swap-free) accounts. The main features of each account are summarised in the below table:

PFD Trader PFD Pro PFD ProPlus
Min Deposit No minimum No minimum $1000
Leverage Up to 1:300 1: 100 1: 100
Spread Competitive Tightest Tightest
Commission Zero $1 per side/standard size lot $1 per side/standard size lot
Swaps Per trade Per trade Net out for unhedged positions
Margin Call 150% 100% 100%
Stop Out Up to 100% 50% 50%

Money managers can also open a Multi-Account Manager (MAM) account to manage underlying investor accounts through one master account.

To open an account users will need to click on ‘Open an Account’ from the broker’s homepage and register with a username, password, email, and contact number. Following registration, and once the email verification has been completed users will be guided through the below steps:

  1. Terms: Agree to terms and conditions.
  2. Personal Information: Name, residence, date of birth, employment status, financial details and more.
  3. Trading Experience: Questions relating to previous experience and understanding of various financial instruments.
  4. Account Type: Choose account type and currency.
  5. Documents: Upload proof of identity (passport or national identity card) and proof of residence (utility bill or bank statement – not more than 3 months old).
  6. Confirmation: Finalise all entered details.
  7. Submit Application: Confirm and submit application.

The registration form is shown below:

PFD does not accept clients from the USA.

Deposit & Withdrawals Options

“PFD offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Poli and more.”

PFD offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Poli and more. There are various deposit fees including 3% via debit/credit card, between 1.5% and 1% per transaction via Poli. Minimum funding amounts do apply and there are additional surcharge fees of around 1% applicable to payment methods mentioned.

There is no charge withdrawal fee via debit/credit card or Poli. Both deposits and withdrawals are processed immediately excluding bank wire which can take 2-3 working days.

Web & Desktop Trading Platforms

“PFD offers clients the ability to trade on the globally recognised MetaTrader 4 platform for PC.”

PFD offers clients the ability to trade on the globally recognised MetaTrader 4 platform for PC. The platform features are highlighted below:

PFD MetaTrader 4

  • 9 timeframes
  • 30 technical indicators.
  • Expert Advisors.
  • Advanced charting.
  • Downloadable for MacOS.

A screenshot of the PFD MetaTrader 4 platform for PC is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“PFD offers clients the ability to access mobile trading on the go from the MetaTrader 4 mobile app for Android and iOS systems.”

PFD offers clients the ability to access mobile trading on the go from the MetaTrader 4 mobile app for Android and iOS systems which can be downloaded from the Google PlayStore or Apple AppStore respectively.

The MetaTrader 4 mobile trading app provides a range of different features including:

  • Multiple order types.
  • Real-time price streaming.
  • Live trading on the go.
  • Chart analysis with indicators.

The mobile trading app provided by PFD is covered in more detail in the video review.

Trading Features

“PFD does offer a FIX API which gives clients direct access to markets, providing the best prices and conditions. Users can also access the MetaTrader Market place.”

PFD does offer a FIX API which gives clients direct access to markets, providing the best prices and conditions. The FIX API is also compatible with MAM accounts.

Further, clients can access the MetaTrader marketplace to access thousands of additional trading tools and strategies.

Commissions & Spreads

“Trading costs with PFD vary, depending on account type and the market traded. The PFD Trader account is commission-free with competitive spreads whereas the PFD Pro and PFD ProPlus accounts are commission-based but with the tightest spreads.”

Trading costs with PFD vary, depending on account type and the market traded. The PFD Trader account is commission-free with competitive spreads whereas the PFD Pro and PFD ProPlus accounts are commission-based but with the tightest spreads.

The below table shows the live spread during the US market open on the PFD Trader account:

Commission-free Bid Ask AverageSpreads
EURUSD 1.19821 1.19868 0.6
USDJPY 108.758 108.838 0.6
GBPUSD 1.38274 1.38371 0.5
NZDUSD 0.71436 0.71463 1.0
AUDUSD 0.77324 0.77381 0.7

Spreads over the US session market open for the PFD Pro account are shown below:

$1 per side/lot commission applies Bid Ask AverageSpreads
EURUSD 1.19823 1.19867 0.2
USDJPY 108.771 108.802 0.2
GBPUSD 1.38276 1.3837 0.3
NZDUSD 0.71438 0.71461 0.9
AUDUSD 0.77325 0.7738 0.5

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does charge a $25 inactivity account fee after six months if no orders have been filled.

Bonus & Promotions

“In accordance with the regulatory restrictions, PFD does not offer bonus or promotional schemes.”

Customer Support

“PFD offers multilingual customer support 24/5 via phone, email, live chat and Skype.”

PFD offers multilingual (English, Chinese, Russian, Tamil, Hindi) customer support 24/5 via phone, email, live chat and Skype.

After submitting a question through the live chat we were connected to an agent who answered our question within 1 minutes, as shown below:

Contact Information:

  • Address: Level 8, Swanson House, 12-26 Swanson Street, Auckland Central, Auckland 1010, New Zealand.
  • Email: info@pfd-nz.com
  • Phone: + 64-9-6320100
  • Social Media:

Research

“PFD offers clients a free economic calendar to keep up with current and future economic events.”

PFD offers clients a free economic calendar to keep up with current and future economic events, as shown below:

Trader Education

“PFD offers an educational section featuring a Forex Glossary and a Forex Introduction article.”

PFD offers an educational section featuring a Forex Glossary and a Forex Introduction article. The glossary covers popular trading terminology such as Carry Trade, Fill Price, Hedging, Leverage and more, and is ideal for new clients who are beginning their trading journey. The ‘Forex Introduction’ article is also informative and detailed, and covers a range of topics such as ‘What is Foreign Exchange?’ and ‘How do people make money from Forex trading?’. However, they are text heavy.

Trading Experience

“PFD provides clients a simple trading offering across Forex, Commodities and Index markets using the globally recognised MetaTrader 4 platform.”

From our observations, PFD provides clients with a simple trading offering across Forex, Commodities and Index markets through the globally popular MetaTrader 4 platform. Clients can open a PFD Trading account for commission-free trading or a PFD Plus and PFD ProPlus account for commission-based trading.

There is also an option for money managers to open a MAM account and take advantage of the FIX API for direct access to markets with the best prices and conditions. The broker does offer low commission trading and very competitive spreads.

FAQ

Is PFD regulated?

Yes, by the New Zealand Financial Markets Authority (FMA).

Where is PFD based?

PFD is based at Level 8, Swanson House,12- 26 Swanson St., Auckland Central 1010, New Zealand.

How does PFD make money?

PFD makes money mainly through commissions, spreads and swaps on certain asset classes.

How do I deposit in PFD account?

Funds can be deposited into a trading account via credit and debit cards, bank wire transfers and more.

What is the min. deposit for PFD?

There is no minimum deposit.

How do I withdraw money from PFD?

Withdrawals can be made from PFD via credit and debit cards, bank wire transfers and more.

What is the max leverage in PFD?

1:300.

How do I open an account with PFD?

An account can be opened at the click of a button on the PFD website and can be done in just a few steps.

Does PFD use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Pacific Financial Derivatives (PFD) Limited is authorised and regulated by the New Zealand Financial Markets Authority (FMA), and offers clients the ability to trade across multiple Forex and CFD markets through the globally recognised MetaTrader 4 platform.”

Pacific Financial Derivatives (PFD) Limited was founded in 1999 and has been regulated by the New Zealand Financial Markets Authority (FMA) since 2015. The broker is also part of the Financial Dispute Resolution (FDR) scheme.

Clients can choose from three account types called PFD Trader, PFD Pro, and PFD ProPlus. The PFD Trader account offers commission-free trading with competitive spreads whereas the PFD Pro and PFD ProPlus are commission-based but offer the tightest spreads. MAM, Islamic and demo accounts are also available and the maximum leverage is high at 1:300.

Trading is available on the globally popular MetaTrader 4 platform and as such clients can also take advantage of FIX API and the MetaTrader marketplace to access thousands of additional trading tools, automated strategies and copy trading services.

The broker accepts various deposit and withdrawal methods including debit/credit card, bank wire, Poli and more. There is also multilingual customer support 24/5 via phone, email, live chat and Skype.

  • FMA regulated.
  • Commission-free trading available.
  • Very competitive spreads
  • Can trade on MetaTrader 4.
broker

Your Capital is at Risk

See Pacific Financial Derivatives Ltd Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
New Zealand
Foundation Year
1999
Regulations
FMA (New Zealand)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
ECN, No dealing desk, STP
Trading platforms
MT4
Restricted Countries
United States
Supported Languages
English, Arabic, Russian, Hindi, Chinese, Tamil
Max Leverage
1:300 (FMA)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Moneybookers
Withdrawal Options
Wire Transfer, Skrill, Neteller
Fixed Spreads
No
Commission On Trades
No
Products
Currencies, Commodities, CFDs, Indices
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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