Overall, Friedberg Direct can be summarised as a credible and trustworthy broker and is considered low-risk. Friedberg Direct has an overall trust score of 60 out of 99. Friedberg Direct is powered by FXCM technology and does not provide any investment advice or recommendations.
Friedberg Direct At a Glance
| Broker's Name | NPBFX |
| 🏛️ Headquarters | Toronto |
| 📅 Year Founded | 1971 |
| ⚖️ Regulating Authorities | IIROC and CIPF |
| 🌐 Countries not accepted for trade | US |
| 📌 Accounts | Individual Account Joint Account Corporate Account Partnership Trust LLC |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1: 50 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | $5000 USD / R 80000 ZAR |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | Bank Wire Transfer, Credit cards, Debit Cards, E-transfer, PayPal |
| 💳 Withdrawal Options | Bank Wire Transfer, Credit cards, Debit Cards, E-transfer, PayPal |
| 📊 Platform Types | Proprietary Trading Station, MetaTrader4, and Ninja Trader |
| 📶 OS Compatibility | Microsoft Windows, Smartphones, iPad, Web, Desktop |
| 📈 Tradable assets offered | Forex pairs, CFD commodities, CFD stock indices, CFD single stock, CFD bonds, CFD FX options, and CFD commodity options. |
| 💬 Languages supported on Website | English |
| 💬 Customer Support Languages | English |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 4,000
Regulators
IIROC, CIPF
Trading Platform
MT4, Proprietary Platform, NinjaTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Friedberg Direct below.
Friedberg Direct review – 20 key point quick overview:
Friedberg Direct At a Glance- Friedberg Direct Overview
- Friedberg Direct Safety and Security
- Friedberg Direct Sign-Up Bonus
- Friedberg Direct Minimum Deposit
- Friedberg Direct Demo Account
- Friedberg Direct Leverage
- Friedberg Direct Accounts
- Friedberg Direct Market instruments
- Friedberg Direct Fees, Spreads & Commissions
- Friedberg Direct Deposit and withdrawal
- Friedberg Direct Trading platforms
- Friedberg Direct Current Popularity Trend
- Friedberg Direct vs Exness vs XM – a Comparison
- Friedberg Direct Customer Reviews
- Friedberg Direct Pros and cons
- Friedberg Direct Conclusion
- Friedberg Direct Disclaimer
- Frequently Asked Questions
Friedberg Direct Overview
According to research in South Africa Friedberg Direct is a Canadian company founded in 1971 with headquarters in Toronto.
Friedberg Direct is a division of Friedberg Mercantile Group Ltd and is driven by FXCM and AVATrade technology.
It is a family-owned business and specialized in managing money in non-traditional asset classes. Today, it manages assets for a wide variety of retail and institutional investors.
The company operates a No Dealing Desk and all accounts opened are held with Friedberg Direct.
Friedberg Direct Safety and Security
Friedberg Direct is part of Friedberg Mercantile Group Ltd and is also a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Exchanges, and the Canadian Investor Protection Fund (CIPF).
The company clears trades through a subsidiary within the FXCM Group of companies, but the Group does not control or own any part of Friedrich Direct.
Friedberg Direct Sign-Up Bonus
Friedberg Direct does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.
Friedberg Direct Minimum Deposit
| ⭐ Features | ℹ️ Information |
| 💰 Minimum Deposit | $5000 USD / R80000 ZAR |
| 📊 Average spreads from | From 0.0 pips |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:500 |
| 🔥 Bonus | none |
| ☎️ Customer support | 24/5 |
The minimum deposit amount required to register a Friedberg Direct trading account is $4000. This minimum deposit is equivalent to R80000 ZAR at the current exchange rate between the South African Rand & United States Dollar.
Friedberg Direct Demo Account
Friedberg Direct does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Friedberg Direct demo account does not have a specific expiry date.
Friedberg Direct Leverage
Leverage enables a trader to get a much larger exposure to the market the person is trading than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.
Leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.
For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.
At Friedberg Direct the maximum leverage ratio is 1:50.
Min Deposit
USD 4,000
Regulators
IIROC, CIPF
Trading Platform
MT4, Proprietary Platform, NinjaTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Friedberg Direct Accounts
| 💠Feature | 📈 Individual Account Joint Account | 📈 Corporate Account Partnership Trust LLC |
| 📊 Minimum Deposit | $5000 USD / R 80000 ZAR | $10 000 USD / R 160000 ZAR |
| 📈 Spreads | from 0,0 pips | from 0,0 pips |
| 💵 Fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees |
| 💳 Leverage | 1:500 | 1:500 |
| 👉 Open an Account | 👉 Click Here | 👉 Click Here |
Friedberg Direct offers the following types of accounts:
- Individual Account
- Joint Account
- Corporate Account
- Partnership
- Trust
- LLC
Individual, joint, or corporate accounts can be opened within each of these account types. Clients also have the option to open a demo for a period of 30 days.
How to open a Friedberg Direct account
1. Step 1 – Register an account
Navigate to the Friedberg Direct website home page and select your country of residence and the website link provided.
2. Step 2 – Open an account
The client will be redirected to the FXCM page. Select country and trading platform and click on Begin Application.
3. Step 3 – Open an account
Choose the option to “open a live account”
Similarly to a bank, to register a forex trading account with Frieberg Direct for the first time, you will be required to go through a basic “know your customer” process, which will allow Friedberg Direct to ascertain that you submitted the correct details and ensure the safety of your funds and account details. Clients will receive an acknowledgment form to complete and return via email.
4. Step 4 – Complete Information
Complete all the personal information requested.
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Friedberg Direct Market instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals:
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy:
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Friedberg Direct offers the following of the above:
- Forex pairs
- CFD commodities
- CFD stock indices
- CFD single stock
- CFD bonds
- CFD FX options
- CFD commodity options
Friedberg Direct Fees, Spreads & Commissions
Cost and fees depend on different factors, like spread and margins, and Friedberg Direct clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.
Friedberg Direct offers a tight spread starting at 0.2 pips on the benchmark EUR/USD currency pair, plus a commission of CAD 10 per lot traded round trip on the forex trading account.
Clients also trade on direct quotes that the broker receives from liquidity providers with transparent commissions that start from $7 per standard lot.
Fees may vary and change and there could also be additional fees depending on the provider you use.
Friedberg Direct Deposit and withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.
In the case of Friedberg Direct the following minimum deposits are required to open the different types of accounts whether it is for an individual, a joint account of by a corporate body:
- Individual accounts – $5 000
- Joint account – $5 000
- Corporate account – $10 000
To fund an account or withdraw money the following methods of payments can be used:
- Credit cards
- Debit Cards
- Bank Wire Transfer
- E-transfer
- PayPal
Currencies that is accepted are CAD and USD. If a deposit is done in any other currencies exchange rates will apply that might influence the amount deposited.
The broker does not charge administrative fees when funds are deposited. A withdrawal fee is charged on all bank wire requests.
Withdrawals through debit and credit cards are instantly available but bank transfers may take 1 to 2 business days for domestic withdrawals, and 3 – 5 business days for international withdrawals.
The same cards should be used for withdrawals that were used to make deposits and the broker does not accept third-party payments.
Friedberg Direct Trading platforms
The forex trading platform provided by Friedberg Direct to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
Friedberg Direct offers three trading platforms. They are:
- Proprietary Trading Station
- MetaTrader4
- Ninja Trader
Proprietary Trading Station
This platform is the in-house trading platform of Friedberg Direct and offers powerful analytical tools for chart traders, advanced functionality and much more.
It includes an economic calendar, integrated news, education tools, research and market analysis, charting, as well as technical and fundamental indicators.
MetaTrader4
MT4 is the most preferred and popular trading platform used by traders worldwide. It has a friendly interface and is also known for its short learning curve.
The platform comes with many built-in trading tools to conduct market analysis and daily trading activities
Ninja Trader
This platform is used with FXCM technology and traders will receive competitive pricing and quality execution from FXCM’s large network of forex liquidity providers. This includes financial institutions, global banks, prime brokers, and other market makers.
All three trading platforms are only offered in English, and are user-friendly, intuitive, and customizable, all with charting tools and news, analysis reports, and financial calendars.
All the platforms are available for desktop, web, and smartphones.
Friedberg Direct Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “Friedberg Direct” is entered into Google’s search engine over a given period of time.
Friedberg Direct vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 Friedberg Direct | 🥈 Exness | 🥉 XM |
| Established | Established in 1971 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | $5000 USD / R80000 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | 📌 Yes | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
Friedberg Direct Customer Reviews
Nothing Fancy
I’m an active trader with Friedberg Direct Canada for a couple of years now. I personally have not had a problem depositing or withdrawing my funds. They’ve been very quick with me. I also have not had a problem with their support for a couple of times I’ve used them. No frills just meat and potatoes straight through a broker.
The margin requirements
Like another poster, I was forced to use this company because FXCM uk dumped their Canadian clients. The margin requirements are disgusting to say the least and after a couple of losses, I was told my account was going to be disabled and I could no longer make future deposits unless I sent them all my bank information. If you are looking for a Canadian forex broker, steer clear from Friedberg direct. FXCM should seriously rethink dealing with these scammers.
Having been forced to use this company because FXCM would no longer support Canadian traders using any other platform (I traded on the UK platform with FXCM) I will say their support seems decent.
When it comes to trading this company is basically the Canadian FXCM version. The one big noticeable difference is the fact they require a maintenance margin over and above the regular margin used to trade. So for example if you trade the GBP/USD using 1 mini lot of 10K, be prepared to set aside $890 in the margin. Hard to take after having a $90 margin requirement on the old UK platform. Anybody with a small account will need to trade micro lots and will take a long time to move forward and grow your account.
Friedberg Direct Pros and cons
| ✔️ Pros | ❌ Cons |
| Regulated | No US clients |
| Quality educational and research tools | High minimum deposit |
| Three platforms to trade with | |
| Multiple account types |
Friedberg Direct Conclusion
Friedberg Direct has formed a relationship with FXCM and AVATrade which allow Canadians access to their suite of products.
The broker is regulated by the IIROC, Canadian Exchanges, and CIPF which ensures the safety of client funds.
The broker offers a choice of accounts and trading platforms that are user-friendly and efficient. Spreads are tight with reliable execution.
Min Deposit
USD 4,000
Regulators
IIROC, CIPF
Trading Platform
MT4, Proprietary Platform, NinjaTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Friedberg Direct Disclaimer
Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposit and therefore you should not invest money that you cannot afford to lose.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you, according to research in South Africa.
Frequently Asked Questions
Is Friedberg Direct a fake or a scam?
Friedberg Direct is regulated by the IIROC and CIPF and is overall regarded as one of Canada’s oldest and most respected financial firms.
What are the advantages of trading with Friedberg Direct?
Advantages include very competitive spreads, protection of deposits, availability of many trading account types, three trading platforms and quality research tools and educational material.
Which platforms are supported by Friedberg Direct?
- Proprietary Trading Station
- MetaTrader4
- Ninja Trader
Does Friedberg Direct offer leverage?
Yes, it offers a maximum leverage of 1:50
How do you make a deposit and withdrawal with Friedberg Direct?
- Credit cards
- Debit Cards
- Bank wire Transfer
- E-transfer
- PayPal
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