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 abo
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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
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
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 !!
