Forex

Review on PFD-NZ.com

I signed up with PFD recently and so far I don’t have a lot of impressions to share, but they have good leverage, low spreads and fast execution. I’ll update if there are any problems.

P. Carter 2012-06-22

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 3.1

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.