PFD Forex Broker

Pacific Financial Derivatives most commonly known as PFD forex broker in the market has its office in New Zealand. The company was established in the year 1999 but started their internet based online trading only in the year 2005. The various services offered by the company to its customers include, free education, personal manager, trading by telephone, trailing stops, pending orders and automated trading. Having a personal manger helps in managing the accounts well. Affiliate program is also conducted for the traders. They also offer segregated accounts to the clients which mean that the company’s fund and the customer funds are kept separately. They allow Australian Dollar, Euro, Great Britain Pound, Japanese Yen, New Zealand Dollar and United States Dollar as the account currencies. Their website is available in English and Chinese whereas the customers support service is also available in Hindi along with these languages. The customer support can be availed through email, forum, office, phone, skype and web form and is very responsive. The company is regulated by FMA, a regulating authority in New Zealand.

The demo account is also there for use by traders and their Meta Trader 4 platform is available of 14 days use, PFD Options is for 30 days use whereas Kiwi Trader platform is available for unlimited time period. For real trading the company offers kiwi trader as the trading platform. They have different types of account which include Kiwi Trader Gold Zero, Kiwi Trader Gold, PFD Trader (MT4), PFD Trader (Option). The minimum amount required to open an account with them is $1 and the minimum position size is 0.01 lots. They charge a one way commission of $10 per 1Std. Lot. They allow trading only in forex at a leverage of 1:500. The number of currency pairs to trade in is only 5.

If you are looking for a good broker and is about to select one then it is advised that you go through the reviews posted online by its users. The reviews for PFD forex broker is mixed and the most liked feature of their service is the minimum amount required to open an account with them is $1 and the minimum position size is 0.01 lots. The execution of trade is very fast and is liked by many. Their Kiwi Trader Trading platform has many features and is easy to use and hence liked by many. However, a few cons mentioned in the reviews is that they have MT4 platform only for a few accounts and not for all the accounts. The number of currency pairs to trade in is only 5 and also they allow trading only in options other than forex at leverage of 1:500. Scalping is allowed for all the other accounts except Kiwi Trader Gold Zero. Commission of $10 per 1 std. lot is also a concern form many. The overall reviews are however good and the average rating given to the company by its various users is 4.7 out of 10.

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