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Friedberg Direct Rebates | Best Rates on the Web

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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

What Are Friedberg Direct Rebates?

Friedberg Direct rebates reduce the spread or transaction cost paid by a trader for each lot or fraction of a lot traded at Friedberg Direct. In general, forex rebates can come in several different forms depending on each broker:
  • A pricing reduction made directly to the spread or commission cost.
  • A cash payment paid into the trader's account, typically daily.
  • A monthly cash payment made to the trader's selected payment method such as Paypal, bank wire, etc.

How do forex rebates work?

Brokers pay us a volume based commission for each trade placed by a client we send them. We then pay most of this commission back to our clients. We never work with brokers who attempt to raise spreads or worsen trading conditions for our clients, it's totally against our business model. Ultimately, you get a better deal going through us than direct to the broker. If it seems too good to be true and you're still skeptical, we understand! Just ask the broker about our program directly.

Which Friedberg Direct rebate program is the best?

Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. We work with cashbackforex.com, the original and leading provider of forex rebates in order to provide top notch support and services. In addition, due to being the industry leader in client volume they have negotiated the highest commission rates and thus we can easily beat competitor rates. We also offer higher rebate rates than cashbackforex.com.

Will my Friedberg Direct spreads increase?

There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at Friedberg Direct.

How can it be better to work through a 'middle-man' than just working directly with Friedberg Direct?

Friedberg Direct rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.

A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.

Are Friedberg Direct rebates worth the effort?

The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. Friedberg Direct rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.

Why don't you offer more forex rebate brokers?

We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.

How much Friedberg Direct rebates can I earn?

Use our forex rebate calculator to estimate your Friedberg Direct rebate earnings:

Pips
USD
Lots
1
0.1
0.01
Trades
Cashback
Pips
$700.00
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