Friedberg Direct
Fxverify Rating
User Rating
(1)
Cash Back Rates
Cash back rebates are paid per closed position unless otherwise specified. 1 Lot = 100,000 base currency units traded.

  Commission Based Pricing Markup Pricing
Forex20% Of Commissions Paid0.7 Pips
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Commission Based Pricing
Forex 20% Of Commissions Paid
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Markup Pricing
Forex 0.7 Pips
Payment Options
Monthly cash back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Promotions
No promotions available at the moment
Regulators
Profile
Friedberg Direct (FD), based in Toronto, came in to being in 2006 and is part of the Friedberg Mercantile Group Ltd. which is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is also a member of the Canadian Investor Protection Fund (CIPF). Being a member of CIPF covers all accounts up to the value of $1,000,000.

Friedberg Direct has a relationship with Forex Capital Markets (FXCM) whereby its clients have access to all FXCM’s products, mainly its No Dealing desk forex trading, while still having their account under Canadian regulation.

Accounts can be opened in the following base currencies: Canadian Dollar (CAD), US Dollar (USD) and Customer Service supports 12 languages.
Company Name Friedberg Mercantile Group Ltd.
Year Founded 2012
Headquarters Canada
Office Locations Canada
Account Currency CAD, USD
Client funds bank Bank of America
Support Languages English
Funding Methods Bank Wire, Credit/Debit Card
Financial Instruments Futures, Forex
24 hour support No
Segregated Accounts No
Islamic Accounts Yes
Accepts US Clients No
Accepts Japanese Clients No
Non expiring demo No
Trading API Yes
Account types

  Commission Based Pricing Markup Pricing
CommissionMajors C$10.00 Per Lot ; Others C$14.00 Per LotNo commssion
Maximum leverage50:1
Typical Spread0.32.5
Mobile PlatformMT4 Mobile
Trading PlatformMT4, Trade Station (FXCM)
Spread TypeVariable Spread
Minimum Deposit50
Minimum Trade Size0.01
Trailing StopsYes
Scalping AllowedYes
Hedging AllowedYes
Islamic AccountsYes
  Commission Based Pricing
Commission Majors C$10.00 Per Lot ; Others C$14.00 Per Lot
Maximum leverage 50:1
Typical Spread 0.3
Trading platform MT4Trade Station (FXCM)
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 50
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts Yes
  Markup Pricing
Commission No commssion
Maximum leverage 50:1
Typical Spread 2.5
Trading platform MT4Trade Station (FXCM)
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 50
Minimum Trade Size 0.01
Trailing Stops Yes
Scalping Allowed Yes
Hedging Allowed Yes
Islamic Accounts Yes
Overall rating is an average of ratings from experts in 4 categories
Pricing
4 / 5
Regulation
3 / 5
Popularity
3 / 5
User rating
4 / 5
Source: fxverify.com > friedberg