Pacific Financial reviews

Pacific Financial_logo Pacific Financial 6/10 (votes 2395)

On-line since: 1999
Country of origin: New Zealand
Regulation: FSP
Payment options: Visa/MasterCard, JCB, American Express, China Union Pay, Neteller, Skrill
Minimum account size: $0
Minimum lot size: 0.01 lot
Leverage: 1:300
Spreads: floating

Pacific Financial Derivatives Ltd (PFD) is a Derivatives Issuer (DI) according to the Financial Markets Conduct Act 2013.

The company was founded in 1999 and was authorized as an introducing broker on the New Zealand Exchange and then it became its participant. In 2011, NZX stopped supervision and PFD was accredited as an authorized futures dealer. The firm is headquartered in Auckland, New Zealand. The financial market opens first at the New Zealand session.

Today the company renders global services in financial markets. Clients can trade currency pairs, metals, crude, commodities, CFDs, and indices.

PFD belongs to a Japanese investor that applied up-to-date Japanese technologies. The broker provides KiwiTrader, a new trading platform, that features an extended package for building charts and gives an opportunity to create user’s technical indicators. Scalping strategies cannot be employed in this platform. However, scalping can be carried out in MetaTrader 4 that is also available to the broker’s clients.

In the KiwiTrader platform, spreads for EUR/USD and USD/JPY make up zero pips, while a 1-pip commission is charged. In MT4, spreads for EUR/USD are 0.7 pips; and for USD/JPY, 0.6 pips. No commission is charged. The client support works 24/5.

Advantages of PFD:

  • narrow spreads;
  • fast execution;
  • built-in indicators of programming languages;
  • opportunity to test trading systems;
  • trading carried out directly on charts.

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Comments about broker

Eapidly trader
review Pacific Financial

Pacific Financial is unbeaten brokerages that combine service, price and technological features around the world. Their KiwiTrader platform is outstanding, and slippage is also rarer; I got only one slippage, which was 24pips. About 3 months ago I was top up $1300 and every day on average I execute 20 trades still now every things is great.

Shen trader
review Pacific Financial

It is very difficult to accept the fact that you are losing your hard-earned money. Choosing a good and reliable broker will save our money. I am still struggling to accept my losses. It's never been easy closing a winning positions here. I can confirmed that most of the negative comments here are all true because I had an account with them and I closed it after two months of trading using this broker. Compare to my other brokers, Pacific is a dishonest broker.

Weine trader
review Pacific Financial

Pacific Financial is a decent broker. However, problem with this broker is their faulty platform and high spreads. There are times when I am able to make a decent trade. But most of the times, the platform would crash and would end up giving me a losing trade. I believe that the broker is trying to fix this problem already but it is still not totally resolved.

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