Pacific Financial Review

Pacific Derivatives Financial Ltd is a New Zealand-based FX and CFD broker. The company did not always start off in this line of business, as it has undergone transformation over the years since it first began operating in the financial markets in the late 1990s.

I. Background and Company Overview of Pacific Derivatives Financial Ltd

Pacific Financial Derivatives Ltd started as an authorized introducing brokerage in 1999. Back then, it operated in the Futures and Options Exchange in New Zealand, before metamorphosing into an NZX Futures and Options Participant Form. The company became an Authorized Futures Dealer in 2011 following the takeover of oversight of such entities by the Financial Markets Authority.

Some of the features of Pacific Derivatives Financial Ltd that prospects find interesting are:

• Traders can use the Financial Information Exchange (FIX) protocol to get direct access to price streams and the core aggregation engine.
• Crypto CFDs are available for trading, but at a leverage of 1:2.
• Traders can get swap-free accounts that have a leverage of 1:300.

II. Trading Platforms and Tools

The MT4 is the main platform offered to clients of this brokerage. The platform comes as a desktop client, mobile app or web-based trader.

The MT4 Multi-terminal is designed for simultaneous trading of various forex accounts on one portal. Traders and portfolio managers can view/manage the traders at the same time.

The Multi-Account Manager (MAM) platform provides for a more professional approach to management of multiple trading accounts. It can trade block orders with one click, usually from a master account. This allows for effective asset allocation and execution of trades from hundreds of accounts at the same time, with a few clicks of the button. It also has reporting features.

For those who want an enhanced trading experience, there are some tools provided by Pacific Derivatives Financial Ltd for this purpose.

• An economic calendar that features the schedule of high-impact news releases.
• The MT4 and MT5 platforms feature a news bar that showcases the latest market updates.

III. Account Types and Spreads

Three types of trading accounts are provided by Pacific Financial Derivatives Ltd.

1. PFDTrader
2. PFDPro
3. PFDProPlus

PFDTrader is a commission-free account without any minimum deposit requirements. Margin call and stop-out levels are set to 150% and 100%, respectively. Swaps are charged per trade.

PFDPro is a commission-based account where traders are charged $1 per side for each standard lot traded. Margin call and stop-out levels are set to 150% and 100%, respectively. Again, no minimum deposit limit is set for this account type. Swaps are charged per trade.

The PFDProPlus account is also a commission-based account where traders pay $1 on each side for each standard lot traded. Swaps are only charged as net out for unhedged positions. Margin call and stop-out levels are set at 100% and 50%, respectively.

IV. Contract Specifications

The contract specifications on Pacific Financial Derivatives Ltd are tailored towards uniqueness in each account type. They are as follows:

• Leverage is set to a maximum of 1:300 for the PFDTrader and PFDPro account types, and 1:100 for the PFDProPlus account. Accounts on PFDTrader and PFDPro that exceed $5000 in equity will have their leverage reduced to 1:100.
• All account types give the owners access to interactive charts, along with EA signals.
• Minimum order size is 0.01 lots on all accounts.
• FIX API is offered for all account types.
• Traders are allowed to hold up to 1000 simultaneous positions on FX pairs only.
• Stop out levels are reduced to 50% if account equity exceeds $5000.

V. Security and Regulation

The company is authorized by the Financial Markets Authority as a Derivatives issuer in New Zealand with FSP number 28944. The company is listed on the Financial Service Provider Register. The company is also a member of the Financial Dispute Resolution scheme, New Zealand.

There is no information on prohibited territories or jurisdictions that are restricted from accessing the services of Pacific Financial Derivatives Ltd.

VI. Customer Support and Education

You can access the customer support desk of Pacific Financial Derivatives Ltd using these channels listed below:

• Email: admin@pfd-nz.com; info@pfd-nz.com
• Phone: +64 9 6320100/121 (technical support) and +64 9 632 0129 (general info).
• Skype: pacific.f.d
• Live chat

Conclusion

Pacific Derivatives Financial Ltd is a good place to start if you are looking for a simplified brokerage service where you get what you want without hassling for it.