Pacific Financial – what we know and have as facts about it; This is a trading name of Pacific Financial Derivatives Ltd., which is authorized and regulated by the Financial Markets Authority (FMA) in New Zealand under license number FSP 28944. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
In the Key Features section, we found that Pacific Financial acts as a principal to all client’s transactions. The company may decide to hedge some position with its counterparties, but this will be a separate transaction. This means the company acts as a market maker and it does not transmit each client’s order to liquidity providers. So, it benefits from client losses, which is a conflict of interest.
We also found that there are some posts in forums about extremely wide spreadс, large negative slippage, rude customer support, extremely high deposit fees, non-fulfillment of orders in all MAM accounts, and using tricks of market makers to play against customers.
So far, we have not received any complaints from customers of Pacific Financial. If you have any criticism to share with us or feel annoyed by Pacific Financial, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Pacific Financial if you wish.