PFG Best Forex Review
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IMPORTANT NOTICE:
As of July 9th, 2012 PFG Best has filed for chapter 7 bankruptcy and is no longer accepting clients or providing trading services. Learn more.
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2013 Review Star Ratings
N/A - Not Applicable
Full PFG Best Review
PFG BEST (Peregrine Financial Group) is a futures and forex broker with headquarters in Cedar Falls, IA and Chicago, IL. They provide a wide array of investment offerings in addition to retail futures and spot forex trading. These include managed forex accounts, institutional trading solutions, settlement services (i.e. cash delivery), and their accumulation program which allows investors to accumulate foreign currency on a monthly basis. PFG also offers a powerful mobile trading platform with support for iPhone, iPad, Windows Mobile, Black Berry, Android, and the Palm WebOS platforms.
Our PFG Best review provides trade platform screenshots, detailed commissions information, and online broker ratings.
Compare PFG Best to Key Competitors
Trade Commissions Breakdown
| $10.50 | Forex Trades* |
|---|---|
| Dealing Desk | Clearing Method* |
| $0.00 | Broker Assisted* |
| $0.00 | Minimum Deposit |
| Mini | Minimum Contract Size |
| 50:1 | Maximum U.S. Leverage |
| 50:1 | Maximum Int'l Leverage |
Typical Spreads
| 1.8 | EURUSD |
|---|---|
| 2.9 | GBPUSD |
| 2.1 | USDJPY |
| 2.8 | USDCHF |
| 2.5 | AUDUSD |
Commission Notes
PFG BEST does not charge commission for spot forex trades, instead they are compensated by a markup in the spread between the bid and ask prices for each respective pair.Spread - PFG on average inserts approximately 1 pip into the spread on each major pair which puts their overall trading cost inline with some of the more affordable brokers.
Premier Accounts - PFG does not advertise any premium pricing for larger accounts, however they do offer managed account solutions for small accounts beginning at $5,000 and up.
Micro Account Trading - PFG does not offer micro lot trading, all accounts can trade in increments of 0.1 lots or 10,000 currency units.
PFG Best was reviewed by StockBrokers.com on 2012-07-09 with an overall rating of 4 Stars.
2011 Awards
2011 Review Results - PFG Best was awarded Best for Customer Support and Investment Offerings. Read the 2011 Forex Broker Review.
Account Features
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Virtual Trading |
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No Minimum Deposit |
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No Maintenance Fees |
| No Dealing Desk | |
| Online Trader Community | |
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Investment Education |
Mobile Trading
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iPhone App |
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iPad App |
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BlackBerry App |
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Android App |
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Mobile Site |
Customer Service
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Phone Support |
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Email Support |
| Live Chat Support | |
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24/7 Customer Support |
Trade Types
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Stock Trading |
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| Options Trading | |
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FOREX Trading |
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Futures Trading |
