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Trade Forex Presents: A Comprehensive Review of Pacific Financial Derivatives
Introduction
In the world of Forex trading, finding a reliable broker is paramount to your success. One such option is Pacific Financial Derivatives (PF Derivatives), a Forex broker with a rich history dating back to its establishment in 1999 in New Zealand. In this detailed review, we will delve into the various aspects of PF Derivatives, including its regulation, account types, trading platforms, available instruments, and much more.
Regulation and Security
Pacific Financial Derivatives is committed to providing a secure and transparent trading environment. The company is regulated by the Register of Financial Service Providers (FSP) and the Financial Markets Authority (FMA), making it a reputable and trustworthy choice for traders worldwide. New Zealand’s regulatory framework is highly regarded, thanks to its strong state institutions and extensive free trade agreements.
To ensure the safety of client funds, PF Derivatives keeps them in separate segregated accounts in top-tier banks, completely isolated from the company’s own funds. Additionally, the broker is a member of the Financial Dispute Resolution Authority (FDR), offering further protection and dispute resolution options for clients.
Leverage and Account Types
Understanding the leverage and account options available is crucial for traders. PF Derivatives offers a maximum leverage of 1:300 for deposits up to $5,000 and 1:100 for deposits exceeding $5,000. This flexibility caters to both conservative and aggressive trading strategies.
The broker offers three distinct trading accounts to suit various trader profiles:
- PFDTrader: Ideal for novice traders, featuring wider spreads without commissions.
- PFDPro: Geared towards professional traders, offering narrow spreads and a $1 per side/lot commission.
- PFDProPlus: Designed for active traders seeking institutional-level narrow spreads and high liquidity with NDD (No Dealing Desk) technology for lightning-fast execution.
For traders with specific requirements, PF Derivatives also provides Islamic accounts without swaps, catering to individuals who cannot engage in swap-based transactions due to religious beliefs or trading strategy preferences. Additionally, real-time spread information is readily available on the broker’s website.
Trading Platforms
The trading platform is the heart of every trader’s operation. PF Derivatives exclusively utilizes the renowned MetaTrader 4 (MT4) platform. Although MT4 is considered somewhat outdated by modern standards, it remains a favorite among retail Forex and CFD traders. MT4 boasts an extensive library of trading algorithms known as Expert Advisors (EAs), ensuring reliable performance, a familiar user interface, and a wide range of trading tools.
Trading Instruments
Diversification is essential for risk management in trading. PF Derivatives offers a variety of trading instruments, including around 50 currency pairs, metals, and oil, allowing traders to explore multiple markets and investment opportunities within the Forex and CFD space.
Minimum Deposit and Funding Options
PF Derivatives does not impose any minimum deposit requirements, providing flexibility to traders of all levels. To fund your trading account or make withdrawals, the broker offers a range of convenient options, each with its associated commission. Funding methods include bank transfers, debit/credit cards, PayPal, and e-wallets, ensuring accessibility for a global clientele.
Conclusion
In conclusion, Pacific Financial Derivatives stands as a well-regulated and reputable Forex broker with a track record dating back to 1999. Its regulation by the FSP and FMA, along with the safety measures in place, instills confidence in traders. With multiple account types, the popular MT4 platform, a diverse range of trading instruments, and flexible deposit options, PF Derivatives caters to a wide spectrum of traders.
Before making your final decision, it’s advisable to read additional reviews of Pacific Financial Derivatives and consult our comprehensive rating of Forex brokers to ensure the best fit for your trading needs.
General Information – Pacific Financial Derivatives
| Broker’s Name | Pacific Financial Derivatives |
|---|---|
| Year of Foundation | 1999 |
| Headquarters | New Zealand |
| Regulation | FSP, FMA |
| Trading Platforms | MT4 |
| EURUSD Spread | 0.5 pips |
| Demo Account | Available |
| Minimal Deposit | $0 |
| Base Currencies | USD, EUR, GBP, AUD, NZD, JPY |
| Maximum Leverage | 1:300 (up to $5,000), 1:100 (above $5,000) |
| Assets | Currency pairs, metals |
| Deposit Replenishment | Bank Transfer, Visa/MasterCard, PayPal, and more |
| Withdrawal Fee | Variable |
| Payment for Inaction | N/A |
| Islamic Accounts | Available |
| Segregated Accounts | Yes |
| PAMM Accounts | Not Offered |
| Partner Account | Available |
| Scalping | Permitted |
| Automatic Trading | Supported |
| Mobile Trading | Supported |
| Web Terminal | Supported |
| Social Trade | Not Offered |
| Signals | Not Offered |
| VPS | Not Offered |
| Deposit Bonuses | Not Offered |
| Contests | Not Offered |
| Support | 24/5 |
Invest in your trading journey with Pacific Financial Derivatives, where security, versatility, and support converge to enhance your trading experience. Happy trading!
