FRIEDBERGDIRECT

About company:

Friedberg Direct introduces Forex giant FXCM broker.

 

Company. Fund security

Friedberg Direct offers online trading of multiple currency pairs and various CFDs as well as futures and options through the trading platform platform. The company uses non-dealing center execution (NDD).

 

Residents of Canada can only trade with brokers registered in the country. That is why Friedberg Direct was opened, which is a member of the Canadian Investor Protection Fund (CIPF).

 

Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Canada Regulatory Organization (IIROC), the Canadian Investor Protection Fund (CIPF) and all Canadian exchanges. All accounts are insured up to $ 1 million.

 

IIROC is the regulatory body that licenses all investment dealers and oversees the trading activity in the debt and equity markets in Canada.

 

Trading conditions

Friedberg Direct offers a single Forex trading account with 2% margin rate, variable spreads, NDD execution and the ability to trade micro lots.

 

Joint and corporate accounts are also available with this broker.

 

Unfortunately, it does not provide PAMM payment services.

 

Accounts opened through FXCM Canada are owned by Friedberg Direct.

 

Minimum initial deposit

To open an account with Friedberg Direct, traders must invest a minimum of $ 5,000. This amount is relatively high for the market, but at the same time the broker is licensed by reputable regulators - traders' funds are safe.

 

Spreads and commissions

Friedberg Direct offers variable rate spreads, an average of 0.2 pips on EUR / USD, and a $ 10 commission is applied per trade (both sides). Thus, the trading costs for this pair are between 1.0 and 1.5 pips.

 

Leverage

The maximum leverage level offered by Friedberg Direct is only 1:50. However, the leverage offered by Canadian brokers is generally lower. For example, up to 1:33.

 

Trading platforms

As clients of Friedberg Direct, you will be offered FXCM platforms:

 

Own platform Trading Station; MetaTrader 4; Trader Ninja.

 

The Trading Station is easy to use, equipped with automated strategies, a powerful charting suite (Marketscope), some exclusive tools like Good Till Date (which allows orders to be executed at specific times) and Real Volume.

 

Support service

The support office is located in Toronto, Canada. Support works around the clock.

 

Ways of payment

Friedberg Direct offers the following withdrawal and deposit methods: bank transfer and credit / debit cards.

 

Pros:

 

regulated broker; choice of terminals for trading; NDD execution.

 

Minuses:

 

high deposit; low leverage; only two payment methods.