Two Companies, One Goal
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, including its award-winning trading platform, No Dealing Desk forex execution and other operational services, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg is also a member of the Canadian Investor Protection Fund (CIPF), so all accounts are protected by CIPF up to $1 million.
The FXCM group of companies (collectively, the "FXCM Group") is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real time charts.
FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialists from Technical Analysis of Stocks & Commodities.
THE FRIEDBERG GROUP
The group of Friedberg companies began in 1971, is headquartered in the financial district of Toronto and manages over $2 billion in assets. Throughout its history Friedberg has specialized in managing money in non-traditional asset classes. Today, Friedberg manages assets for a wide variety of retail and institutional investors. The group of Friedberg are a family-owned business. It is the policy of the Friedberg family to be the lead investor in any investment product offered by the company.
- Friedberg Mercantile Group Ltd. (FMGL)
FMGL is the Toronto-based brokerage arm of the Group, operating one of the oldest and largest independent futures and foreign currency brokers in Canada, with full-service and discount divisions in Toronto and New York. It was the leading clearing broker at the Toronto Exchange and is a member of the Investment Industry Regulatory Organization of Canada, all Canadian exchanges and the Canadian Investor Protection Fund. FMGL is a manager for currency, global fixed income and global equity portfolios. FMGL also publishes Friedberg's Commodity & Currency Comments, which provides analysis and recommendations on financial markets. This highly-respected newsletter has kept clients and subscribers current with the Friedberg Group's investment thinking since 1971.
- Friedberg Direct (FD)
FD is the Toronto-based On-Line Discount Brokerage division of Friedberg Mercantile Group Ltd. offering direct access to Non-US persons to Spot Foreign Currency, Currency Options and Commodity Futures Trading through dynamic, on-line trading platforms. Accounts with Friedberg are covered by the Canadian Investor Protection Fund.
Spreads & Commissions: Dynamic live streaming spread figures shown are from the Best Bid/Best Offer pricing engine. Static historical spread figures are time-weighted averages derived from tradable prices from 1 October 2015 to December 31 2015. Spreads are variable and during normal market hours are subject to delay. We strive to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen well beyond the spreads displayed here.
Advertised spreads & commissions may not apply to all accounts. Some accounts, such as those referred by certain referring agents or those using third party technology, may be subject to a spread markup and/or additional commission. Accounts set to a commission structure will be charged in the currency denomination of the account.
Compensation: When executing customers' trades, Friedberg Direct powered by FXCM Technology can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover.
The figures above are provided for information purposes only, and are not intended for trading purposes or advice. We are not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.