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Stock Split Treatment

  • 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 10 contracts opened and the end of day rate is 300.00 and the underlying share has a 10:1 split
    • The old position will be closed at 300.00
    • A new position will be opened for 100 contracts at an opening rate of 30.00
  • Pending orders including stop/limits are deleted and required to be re-entered manually by clients.
  • If the 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.

More about Stock Splits

What happens to the charts?

  • At the time of the split, the historical charts will not be updated. This allows clients the ability to self-audit any historical trades.
  • However within a few weeks following the split, we will divide all historical charting by the ratio of the split, in order to allow indicators to perform relevant analysis on the historical price movements.

What happens to positions on Indices and Stock Baskets?

  • Baskets and Indices with components that have a stock split, do not have their rate impacted directly by the split.
  • There is an internal rebalance to the equation that govern the pricing of these products, and the weighting of the relevant stock within the index is multiplied by x to account for the 1/X drop in price and therefore there is no impact on the overall basket price.

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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.