Corona Virus

Stay Safe, FollowGuidance

80,850,880Confirmed

1,767,468Deaths

57,070,977Recovered

Fetching Location Data…

Get Widget

Pacific Financial Derivatives Ltd Review 2020

Rate Pacific Financial Derivatives Ltd

Regulated By:FMA

Foundation Year:1999

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

Min Deposit:$0

Open Account

Your Capital is at Risk

Jitan Solanki

Last updated: May 27, 2020

At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

“Pacific Financial Derivatives (PFD) Limited is a Forex and CFD broker offering to trade on multiple asset classes covering Forex, Indices and Commodities, from 3 core account types on the MetaTrader 4 trading platform.”

Pacific Financial Derivatives (PFD) Limited was founded in 1999 and has been regulated by the New Zealand Financial Markets Authority (FMA) since 2015.

With PFD, users can trade with a ‘no dealing desk’ broker on multiple Forex pairs and CFD instruments covering Indices and Commodities. The broker offers three core trading accounts called PFDTrader, PFDPro and PFDProPlus which offers a mixture of commission-free and commission-based trading.

The broker also offers the use of a free demo trading account and Islamic swap-free accounts. Users can trade from the globally-recognised MetaTrader 4 trading platform and can access an economic calendar and earnings report, along with 24/5 customer support.

Pros:	Cons:
FMA regulated. Commission-free trading available. Maximum leverage 300:1 Can trade on MetaTrader 4.	No MetaTrader 5 or Stocks available. Limited trader research and education.

General Information

Official Site:https://www.pfd-nz.com/

Demo:Open Demo Account

Regulated By:FMA

Foundation Year:1999

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

Min Deposit:$0

Max Leverage:1:300

Publicly Traded:No

Deposit Options:Credit Card, Moneybookers, Neteller, Skrill, Wire Transfer

Withdrawal Options:Moneybookers, Neteller, Skrill, Wire Transfer

Tradable Assets:Currencies, Commodities, Indices

Trading Platforms:MT4

Commission on Trades:No

Fixed spreads:No

Trading Desk Type:No dealing desk

OS Compatibility:Desktop platform (Windows)

Mobile trading:Android, iOS

Accepts US Clients:No

Rate Pacific Financial Derivatives Ltd

PFD Video Review

Investor Protection & Regulations

“PFD 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.”

PFD is authorised and regulated by the New Zealand Financial Markets Authority (FMA), as confirmed on the FMA register shown below:

The broker is also a member of the Financial Services Provider Register and a member of the Financial Dispute Resolution (FDR) scheme in New Zealand.

The broker also offers a page dedicated to Client Funds, stating that they do comply with the handling of Derivatives Investor Money and segregate client funds from company funds, as shown below:

Tradable Products

“PFD offers users the ability to trade on multiple Forex pairs and CFD instruments covering Indices and Commodities.”

PFD offers users the ability to trade on a wide range of financial instruments covering Forex pairs and CFDs on Indices and Commodities.

Below is a list of just some of the available markets for trading:

Forex	EUR/GBP	GBP/NOK
AUD/CAD	EUR/CHF	NZD/USD
AUD/USD	EUR/CAD	NZD/JPY
CHF/JPY	EUR/TRY	NOK/SEK
EUR/USD	GBP/CHF	USD/JPY
USD/TRY	USD/RUB	ZAR/JPY
Indices	UK100	STOXX50
AUS200	DAX30	CAC40
JP225	US30	US500
Commodities	BRENT	WTI
NGAS	COPPER	XAU/USD

* Details regarding the available assets are taken from the PFD website and trading platform and are correct at the time of this review.

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

Account Opening

“PFD offers three main types of trading accounts called PFDTrader, PFDPro and PFDProPlus, as well as access to a free demo trading account, an Islamic swap-free account and multi-management accounts.”

PFD offers three main types of trading accounts which includes:

Each account comes with different features and benefits with access to 1:300 leverage on PFDTrader and 1:100 on PFDPro and PFDProPlus. The latter two accounts are also commission-based with the first account being commission-free.

Both the PFDTrader and PFDPro account require no minimum deposit whereas the PFDProPlus account requires a $1,000 minimum deposit. An account can be opened directly from the broker’s homepage by clicking on the Sign Up button which offers three options: Demo Account, Online Sign Up and Paper Mode Account.

Users can open an account in just four stages, as outlined below:

The actual registration stage requires seven different steps, as shown below:

Users will also need to verify identity and proof of address as is detailed in the verification email shown below:

The broker does not accept clients from USA, Iran, China.

Deposit & Withdrawals options

“PFD offers users the ability to deposit and withdraw funds using a variety of methods including debit and credit cards, bank wire transfer, Skrill, Neteller and Poli Online Banking.”

PFD offers users the ability to deposit and withdraw funds using a variety of methods such as credit and debit cards, bank wire transfers, Skrill, Neteller and Poli Online Banking, as shown below from the broker’s website:

Credit card deposit and withdrawals are subject to a 2.5% fee.

Funding fees via Skrill vary depending on the method but are highlighted above and vary from 1.5% to 2.9% plus additional charges. Withdrawals are subject to a 1% fee.

Funding fees via Neteller are subject to a 3.2% charge plus additional fees as shown above. However, withdrawals have a 0% fee.

Users can also use Poli Online Banking and bank wire transfers for different currencies which are outlined on the broker’s website.

Web & Desktop Trading Platforms

“PFD offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform with instructions provided for Windows and Mac download.”

PFD MetaTrader 4

The PFD MetaTrader 4 trading platform allows users to access automated trading strategies through Expert Advisors, the MetaTrader Market for third party trading robots and technical indicators as well as other additional features such as:

Multiple order types
Pre-installed indicators
Analysis tools
Multiple chart setups
Automated trading

Below is a screenshot of the platform which is covered in more detail in the video review.

Mobile Trading Platforms

“PFD offers users the ability to trade on the globally recognised MetaTrader 4 mobile trading app for Android and iOS users.”

PFD offers users the ability to trade on the globally recognised MetaTrader 4 mobile trading app for Android and iOS users. These can be downloaded directly from the Apple App Store or Google Playstore. With this mobile trading app, users can:

Trade from their phone and on the move.
View real-time prices of different asset classes.
Access technical trading indicators from the mobile app.
Access multiple order types.
Receive news and view an economic calendar.

The MetaTrader 4 mobile trading app for PFD is covered in more detail in the video review.

Trading Features

“PFD does not offer any additional trading features beyond the MetaTrader 4 features.”

PFD does not offer any additional trading features beyond the MetaTrader 4 features.

Commissions & Spreads

“Trading costs with PFD vary, depending on the account type opened and instrument traded, with some accounts commission-free and some commission-based.”

Trading costs with PFD vary depending on the market being traded and the account type opened, as shown below:

The PFDTrader account offers commission-free trading with spreads and swaps payable. Both the PFDPro and PFDProPlus accounts are commission-based with $1 per side, per standard lot charged, along with spreads and swaps.

The broker also provides a useful page comparing the spreads of their different account types, as shown below:

The broker also provides a list of overnight swap fees (for non-Islamic accounts), as shown below for the PFDTrader account:

Forex Majors

Indexes

Commodities

Bonus & Promotions

“In accordance with the regulatory restrictions set by the FMA, the broker does not offer bonus or promotional schemes.”

At the time of writing, there are no bonus or promotional offerings advertised on the PFD website.

Customer Support

“Pacific Financial Derivatives offers 24/5 customer support and can be reached via a Live Chat function on the website, Skype Chat and dedicated Telephone and Email services.’’

Upon accessing the PFD website a pop up window appears automatically directing the user to the Live Chat function. When registering our query we are given an update about the status of our request and are presented with the option of being contacted by an agent via email to avoid unnecessary waiting.

We choose to wait and our question is answered within 2 minutes. PFD provides continual 24 hour support, between the hours of 11:00 PM London time on Sunday to 11:00 PM on Friday. The broker can also be contacted via Skype Chat, Email and an Online Contact Form.

For users wishing to speak to someone, PFD also offers multilingual traditional Telephone support. Clients can contact the Client Services department or speak to the Dealing Desk directly.

In addition, you can interact with the broker, using one of the Social Media channels, linked on the website. PFD has a presence on the main Social Media outlets such as Facebook, Twitter and Google Plus.

Contact Information:

Address Head office: Level 8, Swanson House,12- 26 Swanson St., Auckland Central 1010, New Zealand

Email: info@pfd-nz.com

Phone: +64 9 6320100/121

Social Media:
- https://www.facebook.com/Pacificfinancialderivatives
- https://twitter.com/pfdnz

Research

“PFD offers a useful economic calendar, providing insights into key market events, scheduled earning reports and data publications.’’

The PFD website features an easy-to-use economic calendar offering traders insight into key market events at a glance. The calendar lists important upcoming economic events, which region or asset class they affect, the estimated impact and historical data.

The broker further shares interesting news clippings and other useful information on it’s social media pages.

Trader Education

“The PFD website features an a education section including a Forex Glossary and ‘An Introduction to Forex’ article page.’’

The PFD website hosts an Education section which includes a Forex glossary and a long-form article page providing an introduction to Forex trading, a screenshot of which is shown below:

Trading Experience

“PFD provides a simple and transparent trading offering to trade commission-free or commission-based on Forex, Indices and Commodities on the globally-recognised MetaTrader 4 trading platform for desktop and mobile.”

From our observations, PFD provides a simple, transparent trading offering to trade commission-free or commission-based on Forex, Indices and Commodities. Swap rates (if applicable) are shown on the website, along with a detailed guide in the education section for ‘An Introduction to Forex’.

Users can trade on the globally-recognised MetaTrader 4 trading platform for desktop and web, while choosing between three different account types with varying leverage of maximum 1:300 or 1:100. While trader research tools are limited to an economic and earnings calendar, the customer support agent was helpful.

FAQ

Is PFD regulated?

Yes, by the New Zealand Financial Markets Authority.

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 spreads, swaps and commissions on certain tradable asset classes and accounts.

How do I deposit in PFD account?

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

What is the max leverage in PFD?

The maximum leverage offered by PFD is 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 a Forex and CFD broker offering to trade on multiple asset classes covering Forex, Indices and Commodities, from 3 core account types on the MetaTrader 4 trading platform.”

Pacific Financial Derivatives (PFD) Limited was founded in 1999 and has been regulated by the New Zealand Financial Markets Authority (FMA) since 2015.