Do rollover rates and policies vary from broker to broker?
Yes. In addition to our policy of transparency in reporting rollover, due to the average notional trading volume that Friedberg Direct generates to the liquidity providers1 it deals with, Friedberg Direct is able to pass to its clients' attractive rollover rates on both sides of every currency pair.
1 Liquidity providers include global banks, financial institutions, prime brokers and other market makers.
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 Investment Industry Regulatory Organization of Canada (IIROC). 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.
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