PFG Best Forex Broker

Company Peregrine Financial Group, Inc
Established in 1980
Online since 1998
International Offices Canada, China, United States
Payment Methods Check, Wire Transfer
Demo Accounts & Platforms Meta Trader 4, BESTDirect, Ninja Trader, MultiCharts, Sierra Chart, eSignal, MotiveWave. All limited to 30 days use.
Account currencies Australian dollar, Canadian dollar, Euro, Great Britain pound, Hong Kong dollar, Japanese yen, Mexican peso, Polish złoty, Singapore dollar, Swiss franc, United States dollar
Regulated & Registered by CFTC/NFA
Are US Traders allowed? Yes
Bonus? (detailed)
Languages in which website is available? English
Languages in which Support is available? Arabic, Chinese, English, French, German, Italian,
Russian, Spanish
Different Support methods? Email, Live Chat, Phone
Types of Account (micro standard executive islamic) Standard
Minimum deposit in accounts $1,000
Minimum position size 0.1 lot
Type of Spread? Fixed
Minimum spread on EUR/USD, pips 3 pip
Is Scalping Allowed? Allowed
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex – 1:50, Options – 1:100, Futures – 1:100
Real Trading platforms Meta Trader 4, BESTDirect, Ninja Trader, MultiCharts, Sierra Chart, eSignal, MotiveWave
Digits after the dot in quotes 5
Margin call level
Stop-out level
Total Number of currency pairs 30
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

pfgPFG Bets forex broker is known as Peregrine Financial Group Inc. which was founded way back in 1980 but started their internet based online trading service only in the year 1998. They have their offices in Canada, China and United States. They have many features which attracts the traders like trading contests conducted regularly and free education for all available on their website. They offer segregated account which means the customers and company’s funds are kept separate. They also offer managed accounts to their customers. The various payment options available are check and wire transfer. Though, the number of payment options are less the company makes sure that the clients do not face problems while making deposit and withdrawing their funds.  They allow the traders from United States to trade from their account. Their website is available only in English but their customer support service is available in 8 languages. The customer support staffs can be reached via email, live chat and phone for 24 hours on all trading days. The company is very well regulated by CFTC and NFA.

They have a demo account which is available to the customer for 30 days free of cost. They have a host of trading platform to choose from which include Meta Trader 4, BESTDirect, Ninja Trader, MultiCharts, Sierra Chart, eSignal and MotiveWave.  The same trading platform is available to the customers when they start real trading with the company. They offer only one type of account which is Standard and the minimum amount required to open an account with them is $1000, and the minimum position size is 0.1 lots. Scalping is also allowed to the customers while trading. They offer 30 currency pairs to trade in which includes all the major pairs. However, on 10th July 2012 they have file for bankruptcy.

Reviews posted online by the users for the performance or the type of service provided by the company has become the recent method of finding about a company. The company has mixed reviews from their customers. The most talked about features in the reviews by its users is their trading platforms which are many and gives them the liberty to choose the one which suits their trading needs the most. Also, they allow 11 different currencies to be in the trader’s account which is liked by many. The customer support service is excellent and is available in 8 languages through email live chat and phone. The staffs are well trained to resolve any trade related issues amicably. They offer trading in Options and futures other than forex, however, the leverage is only 1:50 for forex and 1:100 for others which is a drawback. Some of the other cons mentioned in the reviews are that their website is available only in English. Also, the minimum amount required to open an account with them is $1000 which is very high and having a mini account is recommended by many. The average rating given to the company is 4.7 out of 10.

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