📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Pacific Financial Derivatives Review

Pacific Financial Derivatives Review

 

 

 

 

 

Pacific Financial Derivatives is an online brokerage firm with a rich history and multiple services to offer.

Finding a reputable Pacific Financial Derivatives review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review of Pacific Financial Derivatives to help you make an informed decision before opening your account or trading on their platform.

Foreign exchange companies, such as Pacific Financial Derivatives, offer private and institutional customers an electronic trading platform to trade in a wide selection of market instruments such as forex, commodities, financials, and shares.

The broker executes the transaction on behalf of the trader.

The company is headquartered in Auckland, New Zealand. It was founded in 1991 and has expanded greatly ever since. Today, it offers its services to traders around the globe.

The company specializes in the online trading of market instruments such as commodities, indices, spot foreign exchange (forex), spot oil, spot metals, and CFDs.

Pacific Financial Derivatives aim to provide a safe trading environment through advanced Japanese technology, fast order execution, and low costs.

 

Awards and Recognition

No awards are listed on Pacific Financial Derivative’s website.

 

Pacific Financial Derivatives Accounts

Pacific Financial Derivatives, as all foreign exchange companies, offer its customers different foreign exchange accounts which are used to trade the market instruments offered.

Traders can open an account, deposit funds in their country’s dominant currency, and then hold, buy or sell foreign currencies.

 

Types of Accounts and its Features

Pacific Financial Derivatives provides a range of account types, each with its own benefits.

PFDTrader Account

  • Base currencies: USD, EUR, JPY, NZD, GBP
  • No minimum deposit
  • No Commission for FX
  • Competitive Spreads
  • Scalping, News Trading, running robots, all allowed
  • Fast execution
  • No Dealing Desk (NDD)
  • No minimum deposit is stipulated. Jump in as little or as big as you like.
  • Trade Forex, Metals, and CFD, all in a single account
  • Access to a wide range of markets

 

PFDPro Account

  • Base currencies: USD, EUR, JPY, NZD, GBP
  • No minimum deposit
  • Original and tightest spreads bundled with positive slippage.
  • Competitive Commission
  • Fastest execution
  • No Dealing Desk (NDD)
  • No trading restriction
  • Ideal for Scalping, News Trading, Running robots
  • Forex, Metals, and CFD, all in a single account
  • Access to a wide range of markets

 

PFDProPlus

  • Base currencies: USD, EUR, JPY, NZD, GBP
  • No minimum deposit
  • Hedging and Swap net out at the same time make it beneficial for traders.
  • Institutional grade spreads – bundled with positive slippage.
  • Competitive Commission @ $1 per side/lot.
  • Fastest execution
  • No Dealing Desk (NDD)
  • No trading restriction
  • Ideal for professional and system Traders
  • Forex, Metals, and CFD, all in a single account
  • Access to a wide range of markets

 

Islamic Account

  • Base currencies: USD, EUR, JPY, NZD, GBP
  • No minimum deposit
  • Features at A Glance
  • No Interest/Swap Charge on Overnight Positions.
  • Administrative Fee Will Apply for Overnight Positions Held for Over 3 Days.
  • Competitive Spreads.
  • Leverage Up To 300:1.
  • Fast Market Execution.
  • No Trading Restriction.
  • 24/5 Dedicated Client Support.

 

Deposits and Withdrawals

Pacific Financial Derivatives offers several easy options to deposit or withdraw funds from a customer’s trading account. Funding solutions provide levy service charges, which are deducted from the proceeds. Third-party payments are not allowed.

Withdrawals can be requested via a paper mode withdrawal or an online request.

  • Online Banking (POLi Payments):

 

Funding Fee: 1% per transaction (capped at $3 plus GST)

  • Debit and credit cards (Visa and MasterCard):

 

Deposit fee: 2.5%

Withdrawal fee: 2.5%

  • E-Wallets:

 

Rapid Transfer deposit: 1.5% (min 1€) + 0.29€

Local deposit (Skrill, Giropay): 2.9% (min 1€) + 0.29€

Credit card deposit for Skrill: 2.9% (min 1€) + 0.29€

Withdrawal fee for Wallet: 1.0%

Neteller deposit: 3.2% (min 1$) + 0.29$

Withdrawal fee for Neteller: 0%

Note: Minimum funding US$5/per transaction

1% surcharge applies for transfers from certain countries

 

Cost and Fees, Commissions and Spreads

Forex brokers make money by charging traders commissions per trade or spreads. Commissions are the fees the trader pays the broker for handling the transaction and is mostly dependent on the instrument and account type.

Spreads are the difference between the trade’s bid price (what the trader receives for selling) and the ask price (what the trader pays for buying). Spreads could be variable or fixed, depending on market movements such as interest rates.

In some cases, brokers charge rollovers, also known as swap fees, for positions held open overnight. These fees are dependent on the interest rate differential between the currency pair traded in the open position.

Pacific Financial Trading is transparent regarding its fees and commissions.

PFDTrader Account

  • Commission: Zero
  • Swaps: Per trade

 

PFDPro Account

  • Commission: $1 per side/standard size lot
  • Swaps: Per trade

 

PFDProPlus

  • Commission: $1 per side-standard size lot
  • Swaps: Net out for unhedged positions

 

Leverage

Leverage is capital that the broker provides a trader to potentially increase funds, the ratio of a trader’s capital to the size of the broker’s credit. Simply put, if a trader has 500 USD in the account, an amount of 50 000 USD can be controlled with a leverage of 1:100.

Although leverage is a great opportunity to increase funds, traders should be aware that the risks are also higher.

Pacific Financial Derivatives offers the following leverage ratios:

  • PFDTrader account – 1:300 (with an equity of up to 5 000 USD)
  • PFDPro account – 1:100 (equity above 5 000 USD)
  • PFDProPlus account – 1:100 (equity above 5 000 USD)

 

Bonuses

Some brokers offer bonuses as a way of welcoming or reimbursing customers for trading with that specific broker. These rewards are usually done using cashback programs, “Refer a Friend” programs, or gift vouchers.

No bonuses are listed at the moment.

 

Trading Platforms, Software, and its Features

A trading platform facilitates live access to trading markets around the world, usually forex, CFD and futures trading. These allow traders to make informed decisions, protect customer funds, offer historical data and forecasts, trends as well as patterns.

Pacific Financial Derivatives supports two powerful trading platforms, both with their own features and benefits.

MetaTrader 4 Trading Platform

The MetaTrader 4 is one of the top trading platforms in the world. It is the first choice with most traders and chosen for its numerous advantages such as multiple asset trading and technical indicators.

Features and benefits:

  • Customizable
  • User-friendly
  • 40 pre-installed technical indicators
  • Strategy tester
  • Trade with robots
  • Historical timeframe data
  • Price alerts
  • Multi-language support
  • One-click trading
  • Pending, stop orders and trailing stops
  • Identify trends
  • 9 different time-frames
  • 24 graphic objects
  • Available via desktop, Android, and iOS
  • Trading history and account statement
  • Automated trading
  • Available via desktop, Android, and iOS

 

Multi Terminal

Multi Terminal trading software is designed to handle multiple forex trading accounts simultaneously. It is ideal for account managers as well as traders with multiple concurrent accounts.

Features and benefits:

  • Real-time trading platform
  • Managing a set of client accounts
  • Multiple order types
  • Order execution capabilities
  • All unique order types accepted
  • Receiving quotes and news in the online mode
  • Language support
  • Works with securities of forex, spot metals, CFDs, futures, and shares
  • Single-click, single-platform, multiple accounts solution
  • Multi Terminal can operate under Microsoft Windows 7/8/10/Server 2012 and up

 

FIX API

The Financial Information Exchange (FIX) protocol is an electronic communications protocol. The FIX API is used for international real-time exchange for information on markets and securities transactions.

Features and benefits:

  • Direct access to the core aggregation engine
  • Direct access to price stream
  • Compatible with MAM
  • FIX version 4.2

 

Markets, Products, and Instruments

There are numerous products and market instruments available for traders to invest in. The more varied a trader’s portfolio, the fewer risks are involved. Most brokers offer their traders a wide selection of market instruments, which may include the following:

Foreign Exchange:

The foreign exchange market, also known as FX or forex, is the most liquid in the world. An average of $5 trillion in currencies is traded each day, making it the largest market by volume.

This market determines the exchange rates for all foreign currencies. Foreign exchange trading includes the buy or sell of currencies at either current or determined prices.

Indices:

Index trading involves a group of global stocks such as NASDAQ, FTSE, German DAX, AEX, etc. These indices are measured by the value of certain stock market sections.

Commodities:

Commodity markets consist of the economic sector of products such as oil and gas, metals as well as agricultural products. It usually involves futures trading and the buy or sells of a selection of instruments.

When traded in a calculated manner, commodity trading is one of the safest trading options, especially in times of economic uncertainty.

CFD Trading:

CFD trading (Contract for Difference) involves the speculation of prices on global financial markets which may include currencies, shares, commodities, and indices.

Cryptocurrencies:

Cryptocurrencies are digital assets used using exchanging digital token coins such as Bitcoin. This type of trading usually involves price movement speculation via CFDs.

ETFs:

As with regular stocks, ETFs (Exchange-traded Funds) is an investment fund which is traded on stock markets. It holds assets (bonds, commodities, stocks, etc.) and can be traded like regular stocks.

Pacific Financial Derivatives offers a selection of tradable market instruments such as commodities, indices, spot foreign exchange (forex), spot oil, spot metals, and CFDs.

The company also offers trading opportunities in Futures CFD Contracts for market participants and investors across the globe.

 

Safety and Regulation

Potential traders need to do thorough research before deciding on which broker to trade with.

When trading with a Forex company that is regulated in the countries its services are offered, it automatically protects customers as the company is bound to adhere to certain rules and regulations.

The regulating bodies ensure safe trading conditions such as segregated customer funds and the best trading practices.

Pacific Financial Derivatives was initially authorized as NZX Futures and Options Participant Firm, an Authorised Introducing Broker, with the New Zealand Futures and Options Exchange in 1999 by the former Securities Commission.

The Financial Markets Authority accredited the company as an Authorised Futures Dealer in 2011. In 2015, the Financial Markets Authority licensed the company as a Derivatives Issuer as per the Financial Markets Conduct Act 2013.

Today, the company is a member of the Financial Service Provider Register, FSP 28944, as well as a member of the Financial Dispute Resolution (FDR scheme), New Zealand.

 

Customer Support

A great support system that is readily available is important for any trader, as it could help make important trading decisions at minimal risks.

Customers can contact the support team via Skype, Live Chat, telephone, social media, and email.

The support team is available, 24 hours a day 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).

Customers can contact the company in several different languages via Skype Chat, Live Chat, social media, email, or telephone.

Trading professionals are standing by to assist customers with technical support, operational matters, analysis advice, and trading questions in general.

 

Research

Thorough market research is essential to have a lucrative trading experience. The analysis is used by traders to identify trends, understand the market drivers, price movements, short and long-term resistance, and values.

Most brokers provide research tools to assist traders with researching the markets they are interested in, helping to make informed trading decisions while minimizing the risks involved.

Traders have access to multiple research tools, including a detailed Economic Calendar, which provides updated information on trading events and forecasts.

The Press Room page on the website also discusses trading-related topics such as trading restrictions, market conditions, new CFD products, and increased margins.

 

Education and Training

Most brokers provide educational and training tools to help traders understand how to use chats and platforms, how markets work, build strategies, analyze currency pairs, and what are the risks involved.

Pacific Financial Derivatives offers a selection of educational tools, including a detailed Forex Glossary and Forex Introduction on its Education page. Forex Introduction discusses current major currencies, how to read charts, trading psychology, trending strategies, and others.

 

Conclusion

Pacific Financial Derivatives offers an award-winning platform, low costs, high leverage, multiple research and educational tools, as well as and a great selection of account types to ensure a competitive trading environment is supported.

Traders of all styles and experience levels should do well when trading with this broker.

 

You might also like: Pacific Financial Derivatives Minimum Deposit

You might also like: Pacific Financial Derivatives Account Types

You might also like: Pacific Financial Derivatives Demo Account

You might also like: Pacific Financial Derivatives Fees and Spreads

You might also like: Pacific Financial Derivatives Sign up Bonus

You might also like: Pacific Financial Derivatives Islamic Account

 

Disclaimer

Trading in futures, forex, and Over Counter (OTC) products offered as Contract for Differences (CFDs) by Pacific Financial Derivatives Limited, company #973842 is speculative in nature and not appropriate for all investors.

Investors should only use risk capital when trading futures, forex and CFDs because there is always the risk of substantial loss. It is important investors carefully consider their objective, financial situation, and level of experience.

Account access, trade executions, and system response may be adversely affected by market conditions, quote delays, system performance, and other factors. It is recommended that investors seek independent advice before trading, according to research.

 

Pacific Financial Derivatives at a Glance

Broker’s Name Pacific Financial Derivatives
Headquartered Auckland, New Zealand
Year Founded 1991
Regulating Authorities The Financial Markets Authority
US Clients Accepted No
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage 1:300
Minimum Deposit No minimum deposit
Deposit Options ·       Visa

·       Mastercard

·       POLi Payment

·       Skrill

·       Neteller

Withdrawal Options ·       Visa

·       Mastercard

·       POLi Payment

·       Skrill

·       Neteller

Platform Types LIST
Platform Languages MetaQuotes Language 4 (MQL4)
OS Compatibility Desktop, Android, and iOS
Customer Support Languages Multiple languages
Customer Service Hours 24 hours a day 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)

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Pacific Financial Derivatives?

Pacific Financial Derivatives offer numerous instruments across the following markets:

  • Forex
  • Commodities
  • Indices
  • Shares
  • Cryptocurrencies

 

Which platforms are supported by Pacific Financial Derivatives?

The following trading platforms are supported by Pacific Financial Derivatives:

  • MetaTrader4
  • MetaTrader5

 

Do Pacific Financial Derivatives offer leverage?

Yes, Pacific Financial Derivatives offers standard leverage ratios of up to 1:300.

 

What spreads can I expect with Pacific Financial Derivatives?

Pacific Financial Derivatives offers competitive spreads.

 

Does Pacific Financial Derivatives charge commission?

Yes, Pacific Financial Derivatives offers a competitive commission @ $1 per side/lot.

 

Is Pacific Financial Derivatives regulated?

Yes, Pacific Financial Derivatives is regulated by the Financial Markets Authority.

 

Is Pacific Financial Derivatives a recommended forex trading broker for experts and beginners?

Yes, Pacific Financial Derivatives’ choice of user-friendly platforms, zero deposits, and educational tools provide a safe trading environment for both beginner and professional traders.

 

What is the overall rating out of 10 for Pacific Financial Derivatives?

8/10

 

Accounts

 

What is the difference between a demo and a live trading account?

With a live trading account, traders deposit and trade with real money at actual profits and losses. A Demo account allows traders to trade in a simulated, risk-free trading environment with virtual money, at no profits or losses.

 

Does Pacific Financial Derivatives offer a demo account?

Yes.

 

Can I convert my demo account to a live trading account with Pacific Financial Derivatives?

No, traders have to register for a new account.

 

Which live trading accounts do Pacific Financial Derivatives offer?

Pacific Financial Derivatives offers a variety of accounts, each with its own characteristics and benefits:

  • PFDTrader Account – Competitive Spreads
  • PFDPro Account – Original and tightest spreads bundled with positive slippage
  • PFDProPlus Account – Institutional grade spreads
  • Islamic Account – Swap-free

 

What are the available deposit currencies for a live trading account?

USD, EUR, JPY, NZD and GBP

 

Deposits and Withdrawals

 

What is the minimum deposit for Pacific Financial Derivatives?

No minimum deposit

 

How do I make a deposit and withdrawal from Pacific Financial Derivatives?

Simply log in to your account and follow a few hassle-free steps.

The following funding options are available:

  • Visa
  • Mastercard
  • POLi Payment
  • Skrill
  • Neteller

 

Does Pacific Financial Derivatives charge withdrawal fees?

The company does not charge any withdrawal fees, however, the banking institution used may charge some fees.

 

How long does it take to make a withdrawal?

Withdrawals may take up to 3 days to reflect.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

eXcentral Minimum Deposit

  eXcentral Minimum Deposit amount to open a real trading account is $250 / (R4013,83 USD/ZAR.  The Minimum Deposit for 1st-time traders might vary based on

eXcentral Fees and Spreads

  eXcentral spread and commission fees start from US Dollar 0.00 with spreads from 2.5 pips.eXcentral does not offer spread betting and thus spread betting

eTrader Review

  Overall, eTrader is regulated by CySEC authorities and it has a high trust score of 70 out of 100 and is considered a low-risk

FairFX Review

  Overall, FairFX can be seen as a reliable financial institution that is considered low-risk. FairFX has an overall trust score of 50 out of

HYCM Review

  Overall, HYCM can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 300+ trading instruments with