Friedberg Direct offers a transparent pricing model, made up of low, competitive commissions and tight spreads. You trade on the direct quotes we receive from our liquidity providers with no hidden markups, and our transparent commissions now start as low as $0.07 per 1K lot.
Please note that the commissions above are referring to CAD based accounts. For USD based accounts commission values, please check our Rate Card.
Two components make up your total transaction costs when trading forex with Friedberg Direct: our low commissions and tight spreads.
How to determine transaction cost:
Say for example that you want to trade a 1K lot of USD/CAD on a CAD denominated account. Simply add the commission to open and close a 1K USD/CAD trade (CAD$0.05 + CAD$0.05 = CAD$0.10) with the value of the spread (0.5 pips x .10) = $CAD0.05.
1K USD/CAD TRADE EXAMPLE
To find the value of the spread, multiply the spread and the pip cost (displayed in the Simple Dealing Rates window of Friedberg Direct's trading platform).
Compensation: When executing customers' trades, Friedberg Direct can be compensated in several ways, which include, but are not limited to: spreads, charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover, etc.
Trading Accounts: Price arbitrage strategies are prohibited and Friedberg Direct determines, at its sole discretion, what encompasses a price arbitrage strategy. Trading accounts offer spreads plus mark-up pricing. Spreads are variable and are subject to delay.
Pip Cost Disclaimer: The EUR/USD pip cost of 0.14 was derived March 1, 2016. The pip cost may vary depending on the account denomination and the notional value of a currency pair which fluctuates on a daily basis. Current pip costs can be found on your trading platform.
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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Friedberg Mercantile Group Ltd. ("Friedberg Direct") is an independent legal entity and does not own, control or operate this third-party website. Therefore, Friedberg Direct does NOT endorse or make any warranties regarding any product or service offered on the website of the third-party, nor has reviewed or verified any information that might be presented and/or described on it. The link is provided for your convenience only.