What is PFD？
PFD, also known as Pacific Financial Derivatives Trading Limited, is a company that was founded in 1999 and is registered in New Zealand. It is regulated by the FMA in New Zealand. PFD offers various financial instruments for trading.The leverage offered for the PFD Trader account is 1:300. PFD utilizes the popular MT4 trading platform.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- PFD is regulated and authorized by the Financial Markets Authority (FMA) in New Zealand, providing a certain level of reliability and confidence to traders.
- Founded in 1999, PFD has many years of industry experience, which can indicate their expertise and knowledge in the financial markets.
- They offer a wide range of trading instruments including spot foreign exchange, spot metals, spot crude oil, commodities, CFDs (contracts for difference), indices, and CFD contracts on futures, allowing traders to diversify their investments and take advantage of different market opportunities.
- PFD provides the widely-used MetaTrader 4 (MT4) platform, which is known for its advanced charting capabilities, automated trading features, and a large community of traders.
- Live chat support is available, offering instant assistance and resolving queries in real-time.
Cons:
- There have been reports of scam and withdrawal issues associated with PFD, which can raise concerns about the reliability and trustworthiness of the broker.
Is PFD Safe or Scam？
PFD is licensed by the Financial Markets Authority (FMA) under the Straight Through Processing (STP) License No.28944. However, there have been negative reports about difficulties with withdrawals and potential scams associated with PFD. It is important for traders to be aware that all investments come with some level of risk, and it is crucial for them to conduct their own research and carefully evaluate their options before investing.
Market Instruments
PFD (Pacific Financial Derivatives) offers trading instruments across different asset classes, providing clients with various options for investment and trading.
- Spot Foreign Exchange (Forex): PFD allows clients to trade spot forex, which involves buying and selling currency pairs at the current market price. Forex trading provides opportunities to speculate on the fluctuations in exchange rates between different currencies.
- Spot Metals: PFD offers trading in spot metals, which typically includes popular precious metals like gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). Clients can take positions in these metals, speculating on their price movements.
- Spot Crude Oil: PFD provides trading opportunities in spot crude oil, enabling clients to speculate on the price movements of popular crude oil contracts, such as Brent Crude Oil (UK Oil) and West Texas Intermediate (US Oil).
- Commodities: PFD facilitates trading in various commodities that can include agricultural products (like corn or wheat), energy products (such as natural gas or heating oil), and other commodities like sugar, coffee, or cotton. Clients can take positions based on their views on the future price movements of these commodities.
- CFDs (Contracts for Difference): PFD offers CFD trading, which involves speculating on the price movements of various financial instruments without owning the actual assets. This can include CFDs on stocks, indices, commodities, and other financial instruments.
- Indices: PFD allows clients to trade contracts based on stock market indices like the S&P 500, FTSE 100, NASDAQ, or Nikkei 225. These contracts enable investors to take positions on the overall performance of a specific stock market index.
- CFD Contracts on Futures: PFD provides access to trading CFD contracts based on futures contracts across different asset classes. These futures-based CFDs allow clients to trade on the future price movements of assets like commodities, currencies, or indices.
Account Types
PFD offers three different account types for investors: the PFD Trader account, the PFD Pro account, and the PFD ProPlus account.
This account type is primarily designed for new or novices investors who wish to start trading with low capital. It provides a commission-free trading environment with no minimum deposit requirement.
This account type is well-suited for intermediate traders who need higher leverage and ECN pricing. It also offers commission-free trading with access to a wide range of instruments and tools. There is no minimum deposit requirement for this account type.
This account type is designed for professional traders and requires a minimum initial deposit of $1,000. It offers institutional grade liquidity with ECN pricing and a wide range of trading tools and instruments. This account type also includes the option of using the PFD Islamic account, which adheres to the principles of Islamic finance and is compliant with Shariah law.
PFD offers an Islamic account, also known as a swap-free account, that adheres to the principles of Islamic finance.In an Islamic account, overnight interest charges, known as swap or rollover fees, are not applied to trades held overnight.
Leverage
PFD (Pacific Financial Derivatives) offers varying levels of trading leverage based on the account types available to its investors.
For the PFD Trader account and the PFD Pro account, traders can access a maximum leverage of up to 1:300. This level of leverage allows investors to control a larger position size in the market with a smaller amount of capital, potentially amplifying both gains and losses.
In contrast, the PFD ProPlus account features a slightly lower maximum leverage of up to 1:100. While still providing significant trading flexibility, this level of leverage may be more suitable for traders who prioritize risk management and seek a more conservative approach to their trading activities.
Spreads & Commissions
PFD has three types of accounts: PFD Trader, PFD Pro, and PFD ProPlus, each with different spreads and commissions.
The PFD Trader account does not charge any commission but has higher spreads, starting at 0.5 pips for EUR/USD, 0.6 pips for GBP/USD, and 0.9 pips for AUD/USD.
The PFD Pro and PFD ProPlus accounts charge a commission of $1 per side/standard size lot and have lower spreads; for the PFD Pro account, spreads start at 0.2 pips for EUR/USD, 0.5 pips for GBP/USD, and 0.8 pips for AUD/USD, while for the PFD ProPlus account, spreads start at the same levels but with additional trading benefits.
Trading Platforms
PFD extends its trading platform offerings to clients through the widely recognized MetaTrader 4 (MT4) platform. The platform lineup includes options such as PFDTrader (MT4), PFDPro (MT4), PFDProPlus, Multi-Terminal, MAM (Multi-Account Manager), and FIX API, delivering a range of functionalities suitable for various trading strategies and account management requirements.
Specifically, PFDPro (MT4) stands out as a solution designed to empower users with the unique features of the MetaTrader 4 platform while offering enhanced capabilities, including the management of multiple forex trading accounts simultaneously. This feature proves beneficial for account managers and traders seeking a practical and efficient way to oversee multiple accounts, enabling streamlined account management and trading activities.
Furthermore, the inclusion of offerings such as Multi-Terminal, MAM, and FIX API demonstrates PFD's commitment to addressing the needs of different trading styles and account management preferences, reflecting a holistic approach to client support and technology innovation within the trading environment.
Deposits & Withdrawals
PFD (Pacific Financial Derivatives) offers a range of deposit and withdrawal methods to cater to the needs of its clients. For deposit transactions, clients can utilize popular e-wallets such as VISA, Mastercard, and PayPal, New Zealand POLI internet banking payments and bank wire transfer options.
When it comes to international clients, specific fees and commissions apply to certain deposit methods.
User Exposure on WikiFX
Please ensure that you thoroughly examine the information provided on our website regarding reports of withdrawal difficulties and scams. We strongly advise traders to carefully assess the associated risks of trading on an unregulated platform. Prior to engaging in any trading activities, we recommend checking our platform for relevant information. In the event that you come across any fraudulent brokers or have personally experienced such unfortunate incidents, kindly inform us through the Exposure section. Your cooperation is highly appreciated, and our team of experts will make every effort to address and resolve the issue.
Customer Service
PFD offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Continual 24 hour support from 10:00 am Monday New Zealand time (11:00 PM Sunday London time, 6:00 PM Sunday New York time) through 10:00 am Saturday New Zealand time (11:00 PM Friday London time, 6:00 PM Friday New York time)
Telephone: +64 9 632 0129/ 100/121
Email: info@pfd-nz.com
Address: Level 8, Swanson House,12- 26 Swanson St., Auckland Central 1010, New Zealand
Moreover, clients could get in touch with this broker through the social media, such as Twitter and Facebook.
Conclusion
PFD is a New Zealand-based forex broker that offers a range of trading instruments, including forex, commodities, and indices, through the MetaTrader 4 platform. The company has been operating for many years and is regulated by the FMA in New Zealand. While the broker has some positive aspects, such as a variety of trading instruments, an established reputation, and MT4 platform support, it also has some concerns, including reports of scam and withdrawal issues. Hence, it's important for traders to make sure to research and understand the specific terms, conditions, and risks of PFD before engaging with the company's products and services.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-02-20 15:02
2022-12-13 17:07
