PF Derivatives, also known as Pacific Financial Derivatives Ltd. or PFD is an online brokerage company first established in New Zealand, using cutting-edge technology from Japan. The brokerage mostly allows clients to trade in FX, Spot Metals, Commodities, CFDs, Indices, and Futures. Pacific Financial Derivatives is an authorized Introducing Broker which enables the company to act as an Authorized Futures Dealer while being registered as a Financial Service Provider.
In this review, take an in-depth look into the offerings and various key aspects of PF Derivatives as well as some of its pros and cons.
PF Derivatives: Services and Offerings
While PF Derivatives offers the following services to clients residing in almost any part of the globe, some offers may differ depending on the location of the client. Furthermore, clients may not be able to gain full access to the services listed below due to legal restrictions.
• Trading Instruments
As mentioned above, PF Derivatives offer a decent variety of in Major, Cross, and Exotic Currency Pairs, and a good variety of Spot Metals, Commodities, CFDs, Indices, and Futures.
• Account Types
PF Derivatives offers its clients with three different account types designed to suit their trading needs. These account types are the PFD Trader account, the PFD Pro account, and the PFD ProPlus account. Each account types allow the trader access to all of the trading instruments listed above with the only difference being the trading conditions.
One of the key aspects in the account types is also built around the level of experience a trader signing up has. For example, the PFD Trader account type offers all trading expenses to be already included in the spreads. Meanwhile, seasoned traders may opt for the PFD Pro account, which offers competitive spreads and a minimum commission of $1 per trade.
Spreads may change according to the client’s account type, where it may reach to a s low as 0 pips if the account type is a PFD ProPlus account. Holding positions for more than 24 hours can also charge the client with rollover or overnight fees, reaching up to 1% for short-holding positions.
Leverages in PF Derivatives are some of the most flexible options available in the market, with the minimum starting out at a 1:20 leverage, to the maximum reaching up to 1:300. With the exchange being located in New Zealand, this allows them to offer some of the highest leverages, widening the potential for more lucrative gains.
One of the more attractive features about setting up an account with PF Derivatives is that there is no minimum deposit requirement, allowing the client to log in and start trading with any amount.
PF Derivatives also features an Islamic account which can be accessed by traders who practice the Shariah laws. These swap-free accounts basically allow overnight positions to be kept with no rollover interests.
In addition, there is a free Demo account for those who want to test out the exchange’s trading platform in a risk-free trading environment.
• Trading Platform
PF Derivatives uses the MetaTrader4 (MT4) trading platform by MetaQuotes. MT4 is one of the leading trading platforms in the industry, most notable for its easy-to-use interface, lightning-quick execution time, and flexible customizability. It features real-time market quotes as well as over 80 pre-installed technical indicators, charting tools, and automated trading options, to name a few.
It is available for desktop, web browser, and mobile for iOS and Android.
• Payment Options
Payment options include credit/debit cards, bank wire transfers, and online payment services such as Neteller, Skrill, iDEAL, SoFort, and POLi.
Withdrawals are usually processed within the same day, though it could take more if requests are done outside of business hours and can vary depending on the service provider. Withdrawal fees can range between 1.5% to 2.9% of the total withdrawn amount. Withdrawal through Neteller, however, also offer no service charge for withdrawals. Bank transfers usually take one to three business days to process, though some options can take a few seconds.
Most of the details listed in this PF Derivatives review may often be subject to change. Therefore, for updated information, please check the broker’s official website.
PF Derivatives: Is it safe?
Choosing a safe and regulated broker must always be a priority since companies that are regulated will often be required to minimize risk management, and follow industry rules.
In the case of Pacific Financial Derivatives, its business operations were initially authorized by the Securities Commission. The exchange is also authorized as an Introducing Broker with NZ Futures and the Options Exchange.
From 2011 onwards, PF Derivatives is now regulated by the Financial Markets Authority (FMA), which is a reputable and authoritative financial body in New Zealand. In 2015, the exchange managed to obtain a license to also issue derivatives.
Therefore, it is safe to say that PF Derivatives does comply with industry standards and provides legitimate and secure trading services.
PF Derivatives: Conclusion
Overall, the New Zealand-based exchange Pacific Financial Derivatives is able to provide comfortable trading solutions to traders and investors that follow various strategies thanks to the broker’s implementation of Japanese technology. With no deposit requirements and multiple opportunities given to the client, anyone trading with PF Derivatives is sure to guarantee a successful and satisfactory experience.