Company Profile
Company Profile
Review summary
General Information
As a division of Friedberg Mercantile Group Ltd., Friedberg Direct is a Canand-based broker that offers Canadian residents access to FXCM and AvaTrade, two of the worlds most recognized OTC derivatives trading platforms that specialize in forex and CFD trading, with accounts opened and held with Friedberg Direct. Friedberg Direct is the leading clearing broker listed at the Toronto Futures exchange and is a member of the Investment Industry Regulation Organization of Canada s and the Canadian Investor Protection Fund.
Market Instruments
With Friedberg Direct, you can get access to a wide array of financial markets, including Forex pairs, CFSs on Commodities, Stocks Indices, Single Stocks, Bonds, Options, as well as Commodity Options.
Account Types
Apart from demo accounts, Friedberg Direct also offers three live trading accounts:
Micro Account Standard Account
Active Trader Accounts
Islamic Account
CAD Denominated Account
USD Denominated Account
There is no further information about additional account features.
Leverage
Friedberg Direct offers the maximum leverage up to 1:50, and it requires a different margin for the different trading instruments. Although leverage can magnify a traders potential profit, but it can also cause to heavy fund losses. Therefore, traders should take care to choose the proper amount based on their trading strategy and risk tolerance.
Spreads & Commissions
Friedberg Direct offers both floating spreads and fixed spreads. As for the commission, it is charged at $0.7 per 1000/side.
Trading Platforms
When it comes to trading platforms available, traders are given a wide selection of platforms, including a proprietary platform, MT4&MT5, and a WebTrader for traders to choose from.
Deposit & Withdrawal
The minimum deposit requirements for opening an individual, a joint and a corporate account are listed below:
Individual account with the minimum deposit of $5,000
Joint account with the minimum deposit of $5,000
Corporate account with the minimum deposit of $10,000
Friedberg Direct works with a series of payment methods to allow its clients to make a deposit and withdrawal, including Bank Wire Transfer, Credit Cards, Debit Card, E-transfer, PayPal. Friedberg Direct charges no fee for deposit, while a withdrawal fee is charged on all bank wire requests.
As for processing time, Bank Transfers may take 1-2 business days (domestic) and 3-5 business days (internationally) to clear.
Customer Support
Friedberg Directs customer support is available 24 hours a day, 5 days a week via SMS, live web chart support, telephone (+416-350-2888) and email (direct@fiendberg.ca). there is also a contact form for you to fill out some of your basic contact information, including your name, email, subject and trading problems you encounter during your trading, then waiting to be connected.
Educational Resources & Tools
Aside from different trading platforms, Friedberg Direct also offers its clients rich tools and resources to help them quickly acquaint themselves with forex trading, including Economic Calendar, Customized tools, VPS and more. As for educational resources, a variety of trading guides, tutorial videos, article and trading glossaries are available.
