Trading Profit Withdrawals
Trading profits can be withdrawn at any time via the telephone or via email, and can be processed via either a wire transfer or a US dollar check. There is a fee for withdrawals that are processed via a wire transfer, but withdrawals that are processed via a check are free. Trading profits can only be withdrawn in US dollars, so any withdrawals to a non US dollar account will incur a currency exchange that may not be at the best available exchange rate.
Reliability
As with all brokerages, PFG occasionally has problems with either their market data or their trading software, but this is rare, and PFG can be considered a reliable brokerage.
Recommendation
Peregrine Financial Group (US) is an acceptable choice for US day traders that prefer personal contact with their brokerage, but less suitable for non US day traders, or traders that prefer doing things via a web site. The markets that PFG offers are very limited, and their fees are not the lowest available, but their trading software might make up for this, if it offers the features that you need. In conclusion, Peregrine Financial Group (US) may be a fine brokerage, but are not as comprehensive as some other day trading brokerages, and may not be the best choice for beginning day traders.
