FriedbergDirect

FriedbergDirect belongs to the FXCM as its introducing broker in Canada. It has a single offer of a forex trading account with stable variable spreads, margin rate of 2%, NDD execution and micro tradable lots to reduce the risks.

Features of Trading

FriedbergDirect has a base in Toronto. It provides high-quality online trading in various  forex currency pairs and CFDs’. It also uses the No Dealing Desk (NDD) forex execution.

Among other advantages of trading here is the Canadian Investor Protection Fund (CIPF), that insures every trader’s account for up to $1 million against possible losses due to an investment fraud.

Trading Conditions with the FriedbergDirect broker include these:

  1. A Minimum Initial Deposit of $2 000 is required in order to create a valid account with Friedberg Direct. The amount is comparatively high for the forex market, yet it is worth the expenditure as it ensures your funds security.
  2. Spreads and Fees. The Friedberg Direct broker’s trading account provides the customer with guaranteed variable spreads, and there is also a fee of $10 per lot.
  3. Сredit leveraging. When we speak of forex, this particular broker’s usual credit leveraging is unlike other’s. The common margin is often fixed, while Friedberg Direct requires a different leveraging depending on the chosen trading instruments.

The top credit leveraging on the offer in FriedbergDirect is not more then 1:50. Just compare it to a greater number of brokers, providing their margin equal to or even exceeding 1:500. However, leverage shoulder common in Canadian brokers is usually lower. For example, the Questrade broker states a leverage level up to 1:33.

Trading Platforms are another important feature. As a FriedbergDirect client you may lay account with FXCM’s platforms: the Trading Station, the ever praised MetaTrader4 and  even the Ninja trader.

Trading Platform is userfriendly, equipped with inbuilt automatically-controlled strategies, various exclusive instruments like Good Till Date and Real Volume indicators.

Methods of Payment are various and designed to be comfortable and make the trading process easy and yet more successful. Friedberg Direct has a number of deposit and withdrawal methods that include the bank wire transfer and credit/debit cards.

In order to conclude the short review, let us say it again that the FriedbergDirect broker is a reliable  FXCM Canadian introducing broker of high standing that has the most attractive trading conditions in store for its customers.

3 Comments

New comment

Your email address will not be published. Required fields are marked *


Brian

27/05/2020 Reply

Hello. I have a problem here. This scams closed the position due to lack of funds. though actually the price on the chart did not rise to the price at which they closed my deal. Wrote twice and they are silent not saying anything. Can you guess Why?

John

15/11/2019 Reply

informative personal account. only it can be closed without explanation from time to time. at first I was really nervous - a large amount was on the account. sorry. they said on the weekend work on the server. but still annoying.

Kerks

11/08/2019 Reply

A. From my point of view, trading with FriedbergDirect for 16 months, I can say that this broker is not a reliable broker, the time it takes to make a deposit is 3-6 hours to get a cash loan to a trading account, and sometimes it takes 8 hours. Long. And for the withdrawal process, I need to wait from 5 days for them to confirm my application. Then I have to wait another 4 days for them to transfer my money via bank transfer. Trading platform with bugs. To overcome this problem, I reinstalled again and again, but this will never solve the problem. All I can do during trading activity is to make stop loss and take profit. The spread is floating, which sometimes expands during a news event. With their platform, it’s hard to generate profits. For me, FriedbergDirect cannot be marked as a trusted broker.

FriedbergDirect

Min. deposit

5000$

Regulators

IIROC

Leverage

up to 1:50

Platforms

FXCM Trading Station, MetaTrader 4, NinjaTrader

Year of foundation

2008

Country

Canada