39% of our retail client accounts were profitable in the last quarter^*. Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. You should not trade with money you cannot afford to lose.

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FX Trading

What are the Initial, Maintenance, and Liquidation Margin Requirements?

In Canada, the Investment Industry Regulatory Organization of Canada (IIROC) is the national self-regulatory organization that set the margin requirements needed, which may be changed at any time without notice. The calculation of the margin requirements is dependent on the…
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Are there limits to position size?

For FX pairs: The liquidity on GBPAUD, GBPNZD, and USDCNH has been less reliable which has resulted in periodic price gapping in these pairs. In an effort to mitigate customer losses Friedberg Direct instituted a 200K maximum order size specifically…
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Will my margin requirement be lowered should I attempt to hedge with similar products?

No. Due to the imperfect nature of hedging, hedging with different assets is still prone to considerable risk, and hence does not figure into margin calculations. Please be advised that trading on margin carries a significant risk of loss and is not suitable for all investors.

Order Execution Only

Order Execution Only

Regulatory Documents:
CIRO: Avoiding Fraud and Protecting Your Investments, How CIRO Protects Investors, CIRO Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, CIRO Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Notice of Acknowledgment, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, 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 Canadian Investment Regulatory Organization (CIRO). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

* The percentage of our retail client accounts that were profitable in each of the previous most recent quarters was: Quarter 4, 2025: 41% | Quarter 3, 2025: 41% | Quarter 2, 2025: 34%. These figures are provided for transparency purposes only and do not constitute an indication of future performance or results.