Discuss PFD-NZ.com (Pacific Financial Derivatives Limited)

[info@pfd-nz.com]

I was under the impression that virtually all ECN's allowed or even welcomed scalping. The primary reason that other brokers ban scalping is that they can't hedge themselves against the market quickly enough and a trader's gains from scalping become the broker's losses.

Also, you mention that fixed spread is an option. Fixed spread doesn't exactly fit with my understanding of how an ECN broker should be passing on the true spread from the market.

Are your KiwiTrader accounts ECN?

Hi Pharoah,

We already clarified that Gold Zero and Gold accounts offerred in KiwiTrader platform are tailor-made products with zero spread and no commission on loss trade or fixed spread respectively; therefore not ECN enbaled and hence no scalping permitted. However, we are launching v. shortly a third product in KiwiTrader which will be ECN enabled whereby scalping will be permitted.

 

[suhendar]

Hi

I was wondering, is PFD-NZ related to WSD-NZ ?
Thank you for your soonest answer.

 

[info@pfd-nz.com]

The company was acquired by a Japanese investor and the acquisition was completeted on 6/5/2011. Following the control/ownership/managemet change, re-branding of the company to PFD has been completed as disclosed in the company website Company Profile :: Pacific Financial Derivatives Ltd: The online trading provider matching highest standards in integrity and safety. Further, following regulatory changes in NZ and the formation of FMA (apex regulator), the new owners applied for authorization of the company as an Authorised Futures Dealer which was granted by FMA on 29/09/2011. From regulatory perspective, PFD can be treated as a new company with new direction and new owners.

 

[jimmyphung]

Complaints.
My account: 64768
Prices do not properly matched with the market price.
At 23 hours 59 minutes 56 seconds. I made a Buy Stop order at price 0.82348
(Transaction ID: 2630238)
At this time the actual market price without this price. So I asked why my order matched the price when I was put in the market price does not exist?
A scam company! Stay away from it.

 

[FxMaster]

Complaints.
My account: 64768
Prices do not properly matched with the market price.
At 23 hours 59 minutes 56 seconds. I made a Buy Stop order at price 0.82348
(Transaction ID: 2630238)
At this time the actual market price without this price. So I asked why my order matched the price when I was put in the market price does not exist?
A scam company! Stay away from it.

Can you please post your complaint here Scam Alerts Folder so everyone can take a look on your case.

 

[JacobD]

Anyone using this New Zealand broker? Are they regulated? Any IB's for them on here? Their spreads on their websites look too good to be true..

 

[JacobD]

Complaints.
My account: 64768
Prices do not properly matched with the market price.
At 23 hours 59 minutes 56 seconds. I made a Buy Stop order at price 0.82348
(Transaction ID: 2630238)
At this time the actual market price without this price. So I asked why my order matched the price when I was put in the market price does not exist?
A scam company! Stay away from it.

Did you manage to resolve the issue? I am planning on trading with them..

 

[barmaglot]

Did you manage to resolve the issue? I am planning on trading with them..

This is end of day e.g. 5PM EDT when NZ news released. I think they reject claims.

Anyone using this New Zealand broker? Are they regulated? Any IB's for them on here? Their spreads on their websites look too good to be true..

Yes, see FMA link from https://www.pfd-nz.com/licence and http://www.business.govt.nz/fsp/app...ment/8867715E9AB56EA9C039B38D5B017F35/content

 

[JacobD]

This is end of day e.g. 5PM EDT when NZ news released. I think they reject claims.


Yes, see FMA link from https://www.pfd-nz.com/licence and http://www.business.govt.nz/fsp/app...ment/8867715E9AB56EA9C039B38D5B017F35/content

What do you mean they reject claims at that specific time? I have not seen that. They allow news trading and scalping..

 

[barmaglot]

What do you mean they reject claims at that specific time? I have not seen that. They allow news trading and scalping..

Means at this time bad execution is almost common. Yes they allow any trading style. As far as I understand all they worry is volume win/lose dont care.