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Ratings

Overall Star Star Star Star
Commissions & Fees Star Star Star
Customer Service Star Star Star Star
Tools & Research Star Star Star
Ease of Use Star Star Star
Investment Offering Star Star Star Star Star
Education Star Star
Mobile Trading Star Star Star Star

Trade Commissions

Forex Trades* $10.50
Clearing Method* Dealing Desk
Broker Assisted* $0.00
Min. Deposit $0.00
Min. Contract Size Mini
Max. U.S. Leverage 50:1
Max. Int'l Leverage 50:1
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Typical Spreads

  • EURUSD1.8
  • GBPUSD2.9
  • USDJPY2.1
  • USDCHF2.8
  • AUDUSD2.5

Highlights

  1. Host of the 2011 World Cup Trading Championship for Futures & Forex trading, and stock trading.
  2. Extensive series of live and recorded webinars free for everyone.
  3. Free investors toolkit for opening a new demo account.

Account Features

  • Virtual Trading
  • No Minimum Deposit
  • No Maintenance Fees
  • No Dealing Desk
  • Online Trader Community
  • Investment Education

Mobile Trading

  • iPhone App
  • iPad App
  • BlackBerry App
  • Android App
  • Mobile Site

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support
  • 24/7 Customer Support

Trade Types

  • Stock Trading
  • FOREX Trading
  • Futures Trading

PFG Best Forex Review

Forex Broker Review

 

Likes - Futures trading on the same account and platform as spot forex as well as a diverse range of investment offerings.

Dislikes - Dealing Desk execution, and limited platform selection.

Bottom Line - PFG Best primarily focuses on futures trading so if you're interested in including futures contracts into your forex trading strategies then PFG provides a robust single account solution for doing so. They aren't as specifically dedicated to forex trading as some large brokers, but they do provide weekly insight and research for currencies.

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.

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 2011-06-01 with an overall rating of 4 Stars.

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