General Information & Regulation
Pacific Financial Derivatives Trading Limited (PFD) is a New Zealand registered company. The company was originally authorized by the former New Zealand Securities Commission as an Introducing Broker (AIB) on the New Zealand Futures and Options Exchange in 1999, and then as a Futures and Options Participant (F&O) on the New Zealand Stock Exchange until September 2011, when it suspended supervision of F&O participants on the New Zealand Stock Exchange. Since then, the company has been recognized by the Financial Markets Authority as an Authorized Futures Dealer (AFD). The company currently holds a straight-through license from the New Zealand Financial Markets Authority (license number: 28944).
Market Instruments
PFD provides online brokerage services and trading platforms for small, medium, and large investors and market participants worldwide to trade spot foreign exchange, spot metals, spot crude oil, commodities, CFDs (contracts for difference), indices, and CFD contracts on futures.
Minimum Deposit
PFD has designed three account types for investors: the PFD Trader account, the PFD Pro account, and the PFD ProPlus account. The trader and Pro account require no minimum depsoit while the ProPlus account requires an initial deposit of $1,000.
Leverage
Trading leverage vary depends on account types. The maximum leverage available for the trader account and the pro account is up to 1:300. Proplus account can enjoy the leverage of up to 1:100. Leverage: 1:300 for accounts with equity up to US$5000, 1:100 if above US$5000.
Spreads & Commissions
The main spreads for PFD Pro accounts start at 0.2 pips for EUR/USD, 0.5 pips for GBPUSD, and 0.8 pips for AUD/USD, and the transaction fee is $1 (one side) per standard lot. The main spreads for PFD Trader accounts start at 0.5 pips for EUR/USD, 0.6 pips for GBP/USD, and 0.9 pips for AUD/USD, and no commission is charged for trading.
Trading Platform
PFD offers traders several trading platforms, mainly PFDTrader (MT4), PFDPro (MT4), PFDProPlus, Multi-Terminal, MAM, and FIX API. PFDPro (MT4) has all the unique features of the MetaTrader 4 platform. PFDPro (MT4) is designed to manage multiple forex trading accounts simultaneously, providing a practical way for account managers and traders to manage multiple accounts simultaneously.
Deposit & Withdrawal
Deposit and withdrawal methods are supported by e-wallets, New Zealand POLI internet banking payments, and wire transfer deposits. 3% commission is charged for VISA, MASTERCARD credit card deposits, 3.2% (minimum $1) + $0.29 fee for NETELLER deposits, and no fee for withdrawals. New Zealand POLI NETELLER deposits are subject to a 1% fee per transaction, capped at a maximum of US$3. Withdrawal provides two ways - online withdrawal or written withdrawal.
