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Forex

Best Conditions

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 some systems. If you have a solid system that needs the lowest trading conditions then they could be ideal for you.

Cheers,

Sim

sim_trader 2014-05-16
Forex

PFD-NZ.com Pacific Financial Derivatives Review

PFD-NZ.com zero spread forex broker | Kiwi trader review

Headquarters

2A, Fairview Road, Mt. Eden, Auckland, New Zealand

Regulation


Futures Dealer authorised by NZ Financial Markets
Member of NZ Financial Service Provider Register
Member of NZ Financial Dispute Resolution
Broker clearing member, Dubai Gold and Commodities Exchange

PFD Disclosure Statement and PFD General Terms & Conditions are available at www.pfd-nz.com  

 

Trader's rate 4.5
Editor's rate 3.10

Kiwi Trader Gold Zero

Spread: 0 pips on EUR/USD, USD/JPY

Commision: 1 pip for profit trade, no commission for loss trade

Minimum deposit: $1

Minimum deal size: 0.01 lot (micro lot)

Maximum leverage: 1:500

 

PFD Trader (MT4)

Minimum deposit: $1

Minimum deal size: 0.01 lot (micro lot)

Maximum leverage: 1:300

 

Spread:
Variable, from 0.4 pips for KiwiTrader and tight Spread for PFDTrader (MT4) 

 

Deposit/Withdraw
Bank Wire, Credit card, Skrill (MoneyBookers)

 

Platform:
KiwiTrader, PFD Trader (Metatrader



What we like the best about PFD-NZ are the super-tight spreads of the broker. For the Kiwi Trader platform, the spreads on EUR/USD and USD/JPY are zero pips – but there is a commission of 1 pip charged for every profitable trade. The typical MT4 spreads are also pretty good – 0.7 pips on EUR/USD and 0.6 pips on USD/JPY, with no commission whatsoever. 

 
Pacific Financial Derivatives, or PFD-NZ, is a forex broker registered in New Zealand and registered with the FSP there. As the broker's site claims, PFD-NZ is 100% owned by a Japanese investor – and as you know, where there's Japanese influence, there are usually now mistakes allowed. 
 
Traders can choose from a wide selection of trading instruments – spot forex (almost 30 currency pairs available), precious metals, commodities, indices, CFDs, futures, options, etc.
 
When it comes to trading platforms, traders are again offered a choice, albeit a smaller one than the one of financial instruments available for trading: they can sign up either for the Metatrader 4 (MT4) platform, or for PFD-NZ's own Kiwi Trader. 
 
Kiwi Trader is a user-friendly platform, which supports an advanced charting pack, trading straight from the charts, the option for creating custom technical indicators, back-testing capabilities, etc. Something that you should keep in mind is that the platform is not designed to suit the needs of scalpers so if that's your trading style, you should probably opt in for PFD Trader (the broker's MT4 platform). 
 
There is no minimum initial deposit requirement for PFD-NZ so you can go ahead and deposit as little as $1 – but seriously, you can't really trade responsibly with such a tiny amount, even with the maximum allowed leverage of 1:500. 
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