Pacific Financial Derivatives (PFD)
Being a licensed broker, PFD follows stringent laws e.g., segregation of investors' funds, maintenance of adequate capital etc. Traders' dealings with PFD are subject to oversight and monitoring by a regulated body whose aim is to protect the interest of investors.
PFD is connected with about a dozen liquidity providers and enjoys deep liquidity during all trading sessions. From a processing stand point, PFD is a NDD broker. PFD' hosting is at the key datacenter in Equinix NY4, USA to offer low-latency and best liquidity to its clients.
PFD's most popular ac types are PFDTrader, PFDPro and PFDProPlus. PFDTrader offers commission free FX trading. PFDPro and PFDProPlus offer tightest spreads bundled with positive slippage, competitive trading terms, no restriction trading strategy and charges $1/side/lot commission. PFDProPlus is unique that it allows swap net out on the top of all other features of PFDPro - Net out swaps mean accurate swap values calculated for summarised unhedged position. PFD offers FIX API & MAM account types without any minimum deposit/trade volume stipulations.
PFD has a blend of the best trading technology platform, most competitive spreads, no-restriction trading strategy and hassle-free execution. PFD is the logical choice when looking for a broker of high end performance with a personal approach. Investors' funds are segregated and protected. PFD tops the list when it comes to transparency and fairness in dealings. PFD is connected with about a dozen liquidity providers and enjoys deep liquidity. PFD prides itself as offering one of the most competitive spreads in the industry.
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Pacific Financial Derivatives (PFD)
Auckland CBD 1010
New Zealand
Overall
I trade on a professional basis for more than 5 years. I have worked with other brokers as well. I have no problems in saying that PFD is the best broker overall. It provides the lowest spreads and are extremely efficient in what they do, open and transparent as well. Whoever is searching for an honest and reputable broker should go to PFD.
Overall
No I didn't use an IB. I don't scalp either.
On the eur/usd I've seen the spread at .05, and similar with the gbp/usd. Of course it fluctuates depending on liquidity / News releases etc.
As for scalping, Its allowed alright but that's not my trading style.
Good luck : )
Overall
Hi Bob,
Thanks for the response. I have been doing some digging and they seem like a reputable company. Did you use an IB to get reduced spreads or not and do you scalp trade? Cheers
Overall
Hi Moyes, I'm in Ireland. Your concerns were similar to my own when considering them. It's amazing what can be found online with a bit of digging. Publicly available information.
Due diligence involves researching the COMPANY you intend to deal with, whether it's a potential Broker or for the development of a new business relationship.
I have absolutely no concerns regarding them as I've carried out Due diligence. They're not MM's, nor do they have a DD. In effect, they are as stated on their website.
Nevertheless, I'd recommend carrying out your own Due diligence as it's an important skill to practice.
When thoroughly done, your concerns regarding PFD will be alleviated.
Bob
Overall
Hi BOB, are you a trader from New Zealand? What made you trade with PFD? I have been thinking of using them for a while now but hesitant because i am concerned they might be a market maker where they trade against their clients and i can't find enough reviews online to neutralise my fears... Please let me know what you think?
Overall
Yeah, I'm still with them. This month it'll be a year. I've noticed the Sim posts on other sites too. I've a live account. It's going well, any trading mistakes have been my own. Nothing suspect about PFD. I spent weeks checking out brokers before choosing them.
If you've any specific questions give me a shout.
Overall
Sim , i have seen you post the same comment on many different forums, you are obviously a IB for them or work for them...
Anyone who does not work for them care to give a reputable review on them? could you please give me some feedback PFD?
Overall
Hi Bobthebilder,
I am glad you are happy. I have a number of accounts there myself and they rank among the very very best of the retail brokers.
Cheers, Sim
Overall
No complaints after 7 months. Their mt4 platform is far smoother than any of the others i tried too..
Overall
Hi Myfxbook,
Here are my experiences with this broker.
I have been trading ~13 years. I have tried at least 70 live accounts. Most broker are just awful, others honest but their trading cost are simply too high.
PFD are fair, transparent and honest with some of the lowest spreads with no commission. Slippage does occur around news, but in general it is way less than all the other retail and many prime brokers. Spread also comes back down extremely quickly after a news release, normally within a few seconds where as many brokers hold it for a few mins.
I actually now have a volume agreement with them as I moved some large systems over. I am allowed to introduce others if anyone is interested. You get the base spread minus 0.3 pips, this will give you spread on USD/JPY and EUR/USD around 0.2 pips with no commission whatsoever. It drops sometimes to negative 0.1 pips on occasion! I have spent years hunting and these are the best real conditions I negotiated anywhere. Note this is a true (no mark up discount) so take 0.3 pips off the demo spread to assess what you will get live. You get an instant credit into your account after each trade. This is a win-win situation you the absolute best conditions, and it helps me continue a good relationship with the broker to maintain these conditions when my systems have a quiet month.
Use this link to open a live account to get these conditions.
https://kiwi.pfd-nz.com/signup/logon?ID=64857
You should know all trading styles are allowed but they reserve the right to not discount scalping trades. It is my understanding that as long as you permit them to offset their risk they are happy. In reality 80% of my trades close within a min and at ~2 pips as I have a “break even” stop in my system. However, they are happy with this and don’t count this as scalping.
So all in all a good broker for many systems. If you have a solid system that needs the lowest trading conditions then they could be ideal for you.
Cheers,
Sim
Overall
The only true NZ based broker. I actually went to their premises in Mt Eden. I didn't go inside though. However their bank accounts are with the BNZ and ANZ which gives me some comfort. Their spreads are very low. Slippage during fast markets can be a problem. Although I have not withdrawn funds yet Paul assured me it would be transfered to my NZ bank account without fees. deposits are quick(same day). Can deposit with bank to bank tranfers Within NZ Also no minimum deposit required. When I first opened account MT4 froze alot. Now never. Maybe latest build fixed?
Overall
Good services and excellent pricing !!
