Quebec Quarterly Client Profitability1

  Q2 2020 Q3 2020 Q4 2020 Q1 2021

Number of Accounts

Profitable Accounts 90 ( 26% ) 108 ( 38% ) 105 ( 35% ) 109 ( 37% )
Unprofitable Accounts 253 ( 74% ) 173 ( 62% ) 191 ( 65% ) 184 ( 63% )
Total 343 281 296 293

The calculation is based on a 12-month period preceding the date on which it is performed and includes realized and unrealized profit and loss, net of commission, financing charges, trade adjustments and dividends. The population used in the above calculation includes all Friedberg Direct accounts, excluding FXCM Pro accounts, that were under Friedberg Direct at any point during the 12 month period.

Past Performance: Past Performance is not an indicator of future results.

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement

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

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