40% 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.
All positions will be closed at the end of day rate.
Any floating profit or loss will be realized.
Positions are then automatically reopened at an adjusted open rate and position size, to retain the same notional value as the closed position.
For example if a client has 100 contracts opened and the end of day rate is 300.00 and the underlying share has a 10:1 Reverse Stock Split
The old position will be closed at 300.00
A new position will be opened for 10 contracts at an opening rate of 3000.00
Pending orders including stop/limits are deleted and required to be re-entered manually by clients.
If the reverse split ratio is not a whole number, then only the closest whole number of contracts will be reopened. Where rounding is required, we will always round down.
Margins will be updated accordingly using the same split ratio.
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 1, 2026: 40% | Quarter 4, 2025: 49% | Quarter 3, 2025: 37% | Quarter 2, 2025: 36%. These figures are provided for transparency purposes only and do not constitute an indication of future performance or results.
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