By Shelly Melancon (Switzerland)
Pacific Financial Derivatives Ltd Review
Pacific Financial Derivatives Ltd (PFD) is a brokerage company registered in New Zealand. Pacific Financial Derivatives Ltd (PFD) provides world-class technology platform for trading while ensuring an impressive customer care. This article will seek to provide an exchange review on Pacific Financial Derivatives Ltd (PFD) and hopefully it will help you in your decision to trade with the company.
Financial market in New Zealand is the first to open in the world, this provides a strategic advantage to Pacific Financial Derivatives Ltd (PFD) because it is based in Auckland, New Zealand. High-end brokers looking for a comparative advantage will be making the right decision to choose Pacific Financial Derivatives Ltd (PFD).
Pacific Financial Derivatives Ltd (PFD) is licensed by Financial Markets Authority and this means that the company meets the conditions necessary for its licensing and that it has to keep working to ensure it meets the requirements. This is to prevent losing the license. The implication of this for you is that the company is safe and can be trusted which is a very important consideration while choosing a brokerage company.
The company has a goal of building a technologically advanced platform which is accessible, efficient and provides great user experience. Traders are confident when using Pacific Financial Derivatives as their preferred brokerage company and the company has amassed a number of loyal customers.
Pacific Financial Derivatives Ltd (PFD) has a good history of providing a great platform with excellent services to traders. This is corroborated by varieties of ratings and awards which the company has deservedly gotten. The platform is great for beginners and was acknowledged as best broker for beginners. It has also gotten the best broker for professionals and users choice in the past which shows that it is an inclusive platform made for everyone. Pacific Financial Derivatives Ltd (PFD) has also received the verified status on ForexRating.com.
Derivatives
Derivative is a financial instrument whose value is based on an underlying asset. Derivatives are usually leveraged which means the potential risk and benefit increases. Most common derivatives include futures contracts, forwards, options, and swaps. Derivatives offer some advantages such as allowing hedging of risk exposure, determining price of the underlying asset, assess to markets or assets that would be otherwise unavailable, etc. Some drawbacks of derivatives include high volatility of derivatives which could potentially cause massive loss.
It is of great importance to use a licensed brokerage company when trading derivatives and this can not be stated enough. This is true because the licensed companies are regulated and hence they have to ensure risk management, abide by appropriate rules and regulations, and implement security measures. It is therefore advisable to trade with a brokerage company that abides with relevant regulations.
There are other factors to consider before choosing a brokerage company, these include: transaction fees, ease of use, leverage, spread etc. Knowledge of derivatives is not enough to succeed, choosing the right brokerage company is also of great importance. Therefore, in this review, Pacific Financial Derivatives Ltd (PFD) will be discussed extensively and information that will help to choose the brokerage company will be given.
Leverage
One of the most important factors to consider is the leverage offered by the brokerage company. Pacific Financial Derivatives Ltd (PTD) excels in this regard as it offers you the flexibility to choose the leverage that you find suitable to your needs. The leverage starts from 1:20 and actually extends up to 1:300 which is impressive considering how high it is. Having the option of such high leverage being offered by Pacific Financial Derivatives Ltd (PTD) would mean that you have an opportunity to turn an enormous profit. Caution is advisable because while high leverage offers potentially high reward, it could also potentially result in a huge loss. Leverage is a powerful tool that can cause massive gain or loss depending on how well it is managed.
Trading Platform
Pacific Financial Derivatives Ltd (PFD) uses the MetaTrader 4 trading platform and also provides advanced software for trading. MetaTrader 4 platform is the most common platform being used for trading and this is well deserved because it provides a user-friendly platform with powerful tools which makes trading a more engaging experience.
MetaTrader 4 has a number of features which ensure that it is the most prominent platform being used for trading. These include One-Click-Trading that is easy to use, lots of online plug-in tools that makes the platform easy to modify, provision of a charting software, extensive trade history, carrying out orders immediately, presence of expert advisers, possibility of automating trading, trading on the go, etc. These features and more makes MetaTrader 4 an important trading platform.
Meta trading 4 MultiTerminal is also available on Pacific Financial Derivatives Ltd (PFD). This means that you can manage multiple accounts at the same time. It also allows for real time trading and hence allowing you to get information as soon as it is available. It also allows you to get quotes and news easily, and provides opportunities to assess multiple languages while allowing operating multiple accounts as easy as possible.
Financial Information eXchange (FIX) protocol allows for real-time exchange of information globally. FIX is offered by Pacific Financial Derivatives Ltd and hence if you want direct market access, then you should consider PFD.
Types of Account
Pacific Financial Derivatives Ltd (PFD) is offering three main types of account through which you can assess a wide range of trading instruments. The three accounts offer include:
PFDTrader (MT4) is a system that allows clients to assess the world markets in real time. It allows you to view all your previous trade history and assess your open position in real time.
PFDPro (MT4) is another account which is run by Pacific Financial Derivatives Ltd (PFD). It offers the tightest spreads which is bundled with positive slippage. It offers competitive trading terms and no restriction trading strategy.
PFDProPlus (MT4) offers swap net out along with all the other features of PFDPro
| PFDTrader | PFDPro | PFDProPlus | |
| Minimum deposit | None | None | $1000 |
| Leverage | Up to 1:300 | Up to 1:100 | Up to 1:100 |
| Spread | From 0.6 pips | From 0.3 pips | From 0.3 pips |
| Commission | Zero | $1 per side | $1 per side |
In addition to the above accounts, Pacific Financial Derivatives Ltd (PFD) also provides an avenue to open an Islamic account. This is suitable for people with similar religious beliefs as it takes into consideration their peculiarities and provide a system where they can trade freely without going against the tenets of their religion. It has no swap change for overnight positions and it offers competitive spreads.
Demo accounts are also available on Pacific Financial Derivatives Ltd (PFD). This is very important especially if you are a new trader, and you want to test your strategies in real life. The demo account offers you a virtual $50,000 and gives you free pass to use the PFDTrader. This will allow you to try out your strategies and see if you can turn a profit. The demo account unfortunately does not last for more than 15 days, after which you will have to register an account. This is in contrast to some other brokers that offer a non-expiring demo account.
Forex Trading
Pacific Financial Derivatives Ltd (PFD) offers forex trading which allows you to trade on the largest financial market in the world with high trade volume in trillions of dollars per day. Forex trading involves speculating about the relative strength of different currencies.
You can trade forex while enjoying the high leveraging which PFD provides. This means that you can trade 20-300 times the amount you put in and the real the benefit or the cost of the fluctuations. Pacific Financial Derivatives Ltd (PFD) allows you to assess information that will help you immensely in your trading decision. Forex trading is open on the platform from Sunday to Friday except on public holidays.
Instruments
There is an array of instruments available to traders. Diversification of portfolio by traders is a well known strategy which reduces the risk. Foreign exchange market is the largest financial market with daily trades of more than $4 trillion. It involves speculation about the relative value of different currencies which result in buying and selling of currencies.
Index trading involves worldwide equities such as FTSE, NSSDAQ, German Dax, etc. The indexes are obtained from the value of the stock market sectors. Commodity market involves goods like metals, oil and gas, agricultural products etc. Commodity trading is considered as one of the safest trade to engage in. Contract for Difference (CFD) trading is the speculation of global financial markets, such as currencies, stocks, commodities, and indices. Cryptocurrencies are digital assets that may be exchanged for digital token currency such as Bitcoin. CFDs are often used in this kind of trading to speculate on price fluctuation. ETFs, like common equities, are investment funds that are exchanged on stock exchanges. It contains commodities, bonds, and stocks and may be traded in the same way as ordinary stocks.
Pacific Financial Derivatives Ltd (PFD) have the following instruments for trading online: Forex, Commodities, Stocks, Indices, Metals, Energies and CFDs.
Deposit Options
If you open an account with Pacific Financial Derivatives Ltd (PFD), there are different ways to fund your trading accounts. These include credit card payment, use of paypal, POLi online banking, and bank wire transfers.
You should be aware that service fee may be deducted as applicable depending on how you make your payments. Pacific Financial Derivatives Ltd (PFD) also allows a much lower minimum deposit compared to other brokerage companies.
Withdrawal Options
To withdraw from your Pacific Financial Derivatives Ltd account, your options include Online request or Paper mode withdrawal form. Request for withdrawal is promptly processed that same day or the next day if the request is outside working hours. The withdrawal fee also varies depending on the payment provider and the rate they charge. The withdrawal time also varies, just like withdrawal fees, depending on the payment provider and the method for the withdrawal. You should also take note of the transaction limits and the requirements on the payment system of your choice.
Pacific Financial Derivatives Ltd does not accept third party payment hence you are required to pay using an account in your name. Payment using a third party account will be reversed. However, if you really need to pay using a third party account, you can message the customer service and your request will be duly evaluated.
Withdrawal requests are processed within the same day or next if outside working hours.
Some additional fees may apply and hence it is important to be up-to-date about the latest information on Pacific Financial Derivatives Ltd. Also fees of brokers might vary and change depending on a variety of factors.
Creating an Account
The process of creating an account could discourage traders from certain platforms because it is cumbersome and stressful. Some platforms requests for a lot more paperwork than is actually necessary.
However, to open an account with Pacific Financial Derivatives Ltd is easy and straightforward. You need to go to the website and fill a straightforward online form which requires username, email and password. You will get an email containing a link to activate your online registration. After clicking on that link, you can log in to complete your registration. You will be required to submit some documents as part of your registration.
Pacific Financial Derivatives Account Opening
PFD have an online form that you need to complete to apply for a trading account with this brokerage. You will need to enter a username, password and email. You will receive an auto-email to the registered email id with your chosen username and password and a link page. Furthermore, you may click on the link to activate the online registration to further complete the online sign-up.
Once the registration is activated by clicking on the link page, you can login immediately using the username and password to complete the online sign up.
Education
Training resources is usually provider by many brokers in order to assist traders to learn about trading, using platforms, developing good strategies, risk management etc.
Demo accounts aside, educational resources are limited on Pacific Financial Derivatives Ltd (PFD). On the website, there is a forex glossary, forex introduction and economic calendar.
Forex glossary explains many technical terms that are used by brokers and traders. Forex introduction introduces foreign exchange to the beginner and explains what forex is about, why to trade forex, listed the eight major currencies and currency pairs, and terms like pip, bid, spread and leverage. Despite the above, it seems the educational resources are inadequate and could be improved further.
Research
Market research is an important aspect of trading and it is used to identify patterns, monitor price movements, attempt to understand market dynamics, assess short and long-term resistance, and values. Understanding market research will help increase the chances of making profit while trading. Most brokers provide tools that aid market research and help you gain knowledge about the market you want to focus on.
Pacific Financial Derivatives Ltd (PFD) provides research tools to help trader, this include an Economic Calendar which helps keep traders updated on trading activities and predictions. Economic Calendar is very important trading tool because some events are known to have the potential to move the market significantly, and these events are recorded on the economic calendar.
Customer Service
It is important for a brokerage company to provide quality customer service. When a lot of money is involved, any issue encountered by a trader is considered significant and the help of customer service is invaluable. A good customer service should not be overlooked.
Pacific Financial Derivatives Ltd (PFD) provides excellent customer service round the clock with 24 hour support from 10 am Monday morning to 10 am Saturday morning (New Zealand time). Due to difference in time zone, 10 am New Zealand time corresponds to 6 pm in New York and 11 pm in London. Hence as a trader you need to be aware of this time differences and plan appropriately. The customer service can be reached easily via a phone call, email, and skype.
Customer service in Pacific Financial Derivatives Ltd offers great support to traders and is of the highest quality. This is important with the increasing customer base of the brokerage, having a customer service ready to respond is very important.
Conclusion
Pacific Financial Derivatives Ltd (PFD) is a brokerage company registered in New Zealand which provides world-class technology platform for trading while ensuring an impressive customer care. It offers the following instruments for trade online: Forex, Commodities, Stocks, Indices, Metals, Energies and CFDs. It also provides a high leverage to traders (up to 1:300).
The company offers three main types of account through which you can assess a wide range of trading instruments. This includes Trader, Pro, ProPlus accounts with different features that is suitable for different kinds of traders. It also offer tools such as demo account, forex glossary, forex instructions and economic calendar which assists traders. Trading with Pacific Financial Derivatives Ltd (PFD) will be an excellent choice as they also offer 24 hours a day support.
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