Pacific Financial Derivatives – Account Types

Pacific Financial Derivatives provides four different account types PFDTrader, PFDPro, PFDProPlus, and MAM Forex Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.

Pacific Financial Derivatives at a Glance

Overall Rating

• 4.0/5

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OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

FMA

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Pacific Financial Derivatives Account types – 11 key points quick overview:

1. Pacific Financial Derivatives at a Glance
2. Pacific Financial Derivatives Account types – 11 key points quick overview:
3. Pacific Financial Derivatives Overview
4. Pacific Financial Derivatives Account Types
5. Pacific Financial Derivatives Account Features
6. Pacific Financial Derivatives Demo Account
7. Pacific Financial Derivatives Islamic Account
8. Pacific Financial Derivatives Customer Reviews
9. Pacific Financial Derivatives Pros and Cons
10. Conclusion
11. Frequently Asked Questions

Pacific Financial Derivatives Overview

Pacific Financial Derivatives is a New Zealand-based online Forex broker that was first established in 1991 and has since grown to be a well-regarded and reputably regulated brokerage.

Prospective clients have the option of six different account types which can be opened with a low minimum deposit requirement of just $1.

This low minimum deposit requirement is complemented by tight, institutional-grade spreads provided through the broker’s No Dealing Desk model, with commission-free trading available on most accounts.

Traders have access to a wide variety of popular asset classes, including Spot Foreign Exchange, Spot Metals, Spot Oil, Commodities, CFDs, Indices, and deals in Futures CFD Contracts for small, medium, and large investors and market participants across the globe.

Trading is provided on the PFDTrader which is delivered via the MetaTrader 4 interface. PFDTrader is a user-friendly dealing and order management system which allows PFD clients to access global markets in real-time.

The system is a comprehensive internet-based trading platform that provides real-time charting which also allows clients to manage their portfolios from anywhere in the world.

PFD Trader client terminal provides clients with a real-time profit and loss position as well as access to daily and monthly statements.

PFD Trader’s client trader terminal also allows clients to view all their trading history and open positions online 24 hours per day.

Pacific Financial Derivatives Account Types

Pacific Financial derivatives offer up to six different account types. These consist of the PFD Trader Account, PFDPro Account, PFDProPlus Account, Islamic Accounts, a Multi-Terminal Account, and a MAM Account.

📍The online sign-up option is available for individual clients only and is intended to be completed in conjunction with the relevant provisions of the Client Services Agreement.

The first step is to register online with a username, email, and password. You will receive an auto-email to the registered email id with your chosen username and password and a link page.

You may click on the link to activate the online registration to further complete the online sign-up.

Once the registration is activated by clicking on the link page, you can log in immediately using the username and password to complete the online signup.

📍 The paper mode account opening process has a separate set of steps:

Once you have decided which of the account forms are right for you, please download the corresponding PDF form from the Pacific Financial Derivatives website.

You will then be required to provide a copy of each photo-identification document for all directors/authorized signatories.

This must be followed by a copy of the bank deposit slip/bank account statement/credit card statement or other notice of confirmation issued by a bank or any utility accounts showing the name and current address of all director/authorized signatories.

These documents must be sent to the Pacific Financial Derivatives’ physical address to complete the paper mode registration process.

Pacific Financial Derivatives Account Features

📍 PFD Trader Account

No Commission for FX

Competitive Spreads

Scalping, News Trading, and running robots are all allowed

Fast execution

No Dealing Desk (NDD)

No minimum deposit is stipulated. Jump in as little or as big as you like.

Trade Forex, Metals, and CFD, all in a single account

Access to a wide range of markets

📍 PFDPro Account

Original and tightest spreads bundled with positive slippage.

Competitive Commission

Fastest execution

No Dealing Desk (NDD)

No trading restriction

Ideal for Scalping, News Trading, Running robots

Forex, Metals, and CFD, all in a single account

Access to a wide range of markets

📍 PFDProPlus Account

Hedging and Swap net out at the same time make it beneficial for traders.

Institutional grade spreads – bundled with positive slippage.

Competitive Commission @ $1 per side/lot.

Fastest execution

No Dealing Desk (NDD)

No trading restriction

Ideal for professional and system Traders

Forex, Metals, and CFD, all in a single account

Access to a wide range of markets

📍 Multi Terminal Account

Managing a set of client accounts.

Multiple Order types. All normal types: Market, Stop, Limit.

Order execution capabilities. All unique order types accepted: Trailing Stop, Close by, and Close all.

Receiving quotes and news in the online mode.

Language support

Works with securities of Forex, CFD, spot metals, shares, and futures

Single-Click, Single-Platform, Multiple Accounts solution

📍 MAM Account

Trade block orders from a single Master Account utilizing the MT4 client terminal.

An unlimited number of investor accounts.

Allocations to clients as little as 0.01 lot (1000 currency units for FX).

Manage multiple master accounts having different strategies.

Easily manage Monthly, Quarterly, and Annual client reports through MT Manager.

Monitor commissions and performance in real-time.

MAM supports trade distribution based on balance, equity, or free margin.

Place block orders fast.

Maintain full control with easy allocation.

Full feature trading viz., all MT4 order types.

All Expert Advisors are supported.

All strategies allowed.

No system restriction.

Pacific Financial Derivatives Demo Account

📍 The demo account from Pacific Financial Derivatives provides users with the following practice features:

Live Buy & Sale Prices

Virtual Credit Of $10,000 By Default

Option To Select Higher Credit Amounts

Trade Online, 24-Hours A Day, 5 Days A Week.

Demo Account Expires In 15 Days

Option To Download Multiple Number of Demo Accounts

The demo account offers a simulated live market environment to allow for risk-free practice trading.

As such, users should keep in mind that operational capabilities when executing orders in a demo environment may be different from a live environment – expedited transactions, lack of rejected orders; and/or the absence of slippage.

📍 New clients who wish to open a demo account with Pacific Financial Derivatives can do so with the following simple steps:

Navigate to the Pacific Financial Derivatives official website

Under the Accounts tab, click on the option to Open an Account

Under the Demo Account tab, click on the “Download PFD Trader Setup” button”

Once you have downloaded the Wizard, you will be prompted through the setup process

Following the successful setup, you will be able to start trading on the demo version

Pacific Financial Derivatives Islamic Account

📍 The Islamic Account option from Pacific Financial Derivatives will have the following features:

No Interest/Swap Charge on Overnight Positions.

Administrative Fee Will Apply for Overnight Positions Held for Over 3 Days.

Competitive Spreads.

Leverage Up To 300:1.

Fast Market Execution.

No Trading Restriction.

24/5 Dedicated Client Support.

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.

With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

A Pacific Financial Derivatives Islamic Account can be opened in one of two ways, either as an online sign-up or as a paper mode account.

Pacific Financial Derivatives Customer Reviews

I rarely take the time to write reviews but I’m seeing some negative ones here about PFD and felt I should speak up. I’m based in Ireland and have been with them for nearly two years. I’m full-time at the screens and barring one 30s gap during a quiet period, have seen nothing untoward in that time. People complain of slippage, varying spreads, and minor differences in the spot price, but they’re not being realistic. In a constantly flowing market, nothing stays static. And any broker offering static pricing is trading against your position, in fact. As for varying spot rates, there will always be minor differences between providers.
Many people complain too about spreads being high at 1.2 pips etc, and that’s just ridiculous. Trading is a business, and the spread is the cost of doing business. If the cost cannot be afforded then the business should cease operating.
One final comment, If you are suspicious of your broker then you have failed to carry out sufficient due diligence.
Sufficient due diligence means knowing your broker’s business’s minute ins and outs and structure. Information that can be found but requires serious online digging.

Very good broker. lowest trading costs. (spread) . enough execution speed. Good customer service.

I have been with PFD for about 6 months. I decided to withdraw the balance of my account (under $1000) as I am giving up forex trading, to be honest, I suck at it. I submitted my application over the weekend and the money was credited to my NZ bank account on Monday. If you are an NZ-based trader this is the ONLY NZ-based forex company. I know I visited their building in Auckland. They also do not charge a wire fee to NZ banks.

Pacific Financial Derivatives Pros and Cons

Conclusion

Pacific Financial Derivatives provides four different account types PFDTrader, PFDPro, PFDProPlus, and MAM Forex Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.

You might also like: Pacific Financial Derivatives Review

You might also like: Pacific Financial Derivatives Demo Account

You might also like: Pacific Financial Derivatives Islamic Account

You might also like: Pacific Financial  Derivatives Fees and Spreads

You might also like: Pacific Financial Derivatives Minimum Deposit

Frequently Asked Questions

Are there any apps available for a Pacific Financial Derivatives trading account?

All accounts offer the advantage of trading from the world-famous MetaTrader 4 platform

How many instruments can I trade with Pacific Financial Derivatives?

Pacific Financial Derivatives provides access to several instruments across the following popular asset classes:

• Forex
• Commodities
• Stocks
• Indices
• Metals

Do Pacific Financial Derivatives offer leverage?

Yes. Pacific Financial Derivatives offers variable leverage depending on the account type, with a maximum available ratio of 1:300.

Do Pacific Financial Derivatives have ZAR accounts?

No Pacific Financial Derivatives does not have  ZAR Account Currency

What is the overall rating out of 10 for Pacific Financial Derivatives?

The overall rating is 8/10