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PF Derivatives review and ratings

Established 1999
Location New Zealand
Regulation FMA
Offices Auckland
Broker type STP | ECN
Leverage up to 1:300
Deposit from 5 USD
Spreads low  low
Platforms MetaTrader 4
Instruments Currencies Indices Metals Energies
Funding methods Wire Transfer Credit Cards Skrill UnionPay iDeal Poli Giropay

Company information

PF Derivatives is a forex broker located in New Zealand, regulated by the Financial Markets Authority (FMA).

Availability

PF Derivatives accepts clients from all over the world, excluding USA and some UN & OFAC sanctioned countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
9 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

Comprehensive review

Pacific Financial Derivatives (PFD) is an online broker established in 1999 and registered in New Zealand. It was originally authorized by the New Zealand Futures & Options Exchange as an Introducing Broker, until the Exchange ceased their oversight of futures & options participants back in 2011.

In 2011, the Financial Markets Authority accredited the company as an Authorized Futures Dealer, and the firm has remained under the oversight of that agency ever since. They are also a Derivatives Issuer as per the Financial Markets Conduct Act in 2013.

New Zealand is known for its highly rated sovereign credits, with credibility that is supported by fiscal prudence and strong public institutions. With extensive free trade agreements and stable support from its government, New Zealand has over the years developed to become a highly regarded jurisdiction for companies in the financial services space.

Trading instruments offered include Forex and CFD trading. For forex, there are about 50 currency pairs available. In terms of CFDs, both cash indices and commodities are available for trading. Margin required is usually at 1% unless otherwise specified.

Spreads differ for different account types. For the PFD Pro account, spreads are tighter, but commissions are charged on trades. For the PFD Trader account, wider spreads are the norm, but this account type offer commission-free trading. A live table with up-to-date dynamic spreads of the major currencies is available on the broker’s website.

PFD uses the popular MetaTrader 4 (MT4) platform as its only trading platform. Although the platform itself is aging, it remains popular among retail forex and CFD traders for its huge selection of trading algorithms, known as Expert Advisors, its reliable performance, and familiar user interface. Traders who have previously traded with other brokers would therefore be able to switch over to PFD without much effort.

Deposits and withdrawals are also made relatively easy with PFD. There are many payment methods available for both deposits and withdrawals, and each option comes with different fees. For example, E-wallet services such as Skrill are charged a 1.9% deposit fee, while deposits via China UnionPay cards are charged a whopping 6% deposit fee. Withdrawals can be requested either online or by going through a rather troublesome paper-based filing process.

Customer service is readily available, with a skype chat allowing clients to communicate with support staff in real time. There are also different hotlines for technical support, client services, and account opening to make the process more efficient. Phone support with PFD is open 24 hours a day on all trading days.

PFD also aims to help novice traders improve by providing useful educational content for free on its website. Among the resources available is a forex glossary, where common terms in forex trading are explained in layman terms with appropriate examples given for better comprehension. There is also a “Forex Introduction” available which provides a brief introduction to what forex trading is all about and how it works.

Last but not least, PFD has an economic calendar with events listed that they think might affect the different markets. Forecasts for each economic data release is included, which is updated with the actual figure once the event has taken place.

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