Friedberg Direct Review: Unlocking Profitable Opportunities in the Financial Markets
Who Is Friedberg Direct?
Friedberg Direct is an online platform that belongs to Friedberg Mercantile Grup Ltd. This company is located in Canada and proudly serves Canadians for more than 50 years.
Also, there is Friedberg Direct AvaTrader and FXCM partnership. This way the company ensures a reliable and attractive trading environment that can suit any trader.
|Legal name:||Friedberg Mercantile Group Ltd|
|Financial Authorities Warnings:||N/A|
|Contacts:||Phone: (888) 296-5012
WhatsApp: +1(647) 424-3263
E-mail: [email protected] chat
|If a withdrawal is possible:||Yes|
|If Active on Social Media:||No|
|Investor Protection:||Yes – Segregated bank accounts and deposit insurance scheme|
Friedberg Direct forex and CFD trading services are mainly available for Canadian citizens. Therefore, we are checking the IIROC register as one of the most important regulators there.
Indeed, the company is listed in their register but also CIPF (Canadian Investor Protection Fund). Even though the service provider FXCM has the FCA license, Friedberg Direct doesn’t.
Important to realize is that due to strict regulation broker must keep deposits in segregated bank accounts. Therefore, they can’t use the client’s funds freely which ensures full transparency and security.
Friedberg Direct Broker Profile
Another key point is trading conditions. With a strong reputation, the broker decided to raise the minimum deposit to $5.000. However, they lack some crucial trading classes like stocks and cryptos.
On the positive side, Friedberg Direct fees solely depend on spreads and rollovers. Thus, there are no regular trading commissions. In addition to that, the company uses trusted trading software. Yet, AvaTrade partnership and FXCM broker provide the necessary technology.
|Trading platforms:||MT4, Trading Station|
|Account types:||Individual, Joint, Corporate, Partnership, Trust, LLC|
|Financial Instruments On Offer:||
|Commissions/bonuses:||No commissions / No bonuses|
|Education or Extra tools:||General guides and tools|
Profitable Partnerships With Friedberg Direct
Partnerships are always good options to expand the trading network. But also to get the best technology out there and give traders what they need.
In this case, such features are provided through AvaTrade broker and FXCM trading platform. This way they can engage clients all over the world. But primarily they are working with traders from:
- United Kingdom
- United States
FXCM and Friedberg Direct Partnership
FXCM is a UK-based broker and has the FCA regulations with maximum security. The goal behind this partnership is to provide Canadian traders necessary tools and features for a safe trading environment.
In general, both companies can gain new customers and share generated profits. But also they work as an affiliate for each other.
AvaTrade and Friedberg Direct: Mutually Beneficial Partnership
With AvaTrade broker, there is the same connection as with the previous one. Brokers expand the network of existing clients and help each other grow.
In exchange, AvaTrade provides cutting-edge technology, multiple trading instruments, immediate execution and professional customer support. Yet, Friedberg Direct is responsible for maintaining the accounts and security.
Friedberg Direct Investment Products
In general, the company has a wide range of available assets. Almost 650 tradeable options. However, they miss important sectors like crypto and stocks. Besides forex, indices and commodities you can trade bonds.
Nevertheless, traders very often find suitable options. Yet, some inexperienced traders might be in trouble while looking for easily understandable options.
Friedberg Direct Accounts Types and Their Features
The company only offers one standard trading account. Important to realize is that the minimum deposit is $5.000. It’s quite a lot for the first deposit. But the company is playing the card of reputation.
Yet, they don’t back up that with trading conditions. In general, leverage is limited to a maximum of 1:50 and company there are no commissions. Other trading information is not revealed. Luckily, you can open a demo account and get more insight. But that doesn’t present a realistic picture.
Deposit and Withdrawal Methods
As for the funding methods, traders can only have two choices. Those are
- Debit and Credit cards
- Wire transfers
However, the company has quite sparse information about deposit and withdrawal policies. There is no information about processing time or potential fees. However, the company mentions there might be charges by payment providers.
Trading Platforms Available at Friedberg Direct
Through a partnership with AvaTrade and FXCM, this broker ensures the best software options. Still, Friedberg Direct MT4 remains on top of the table.
Mainly because of multiple advanced trading features. But also because it’s third-party and industry-leading software. Besides, you can use Trading Station software.
Mobile Trading Apps
Both platforms come with dedicated mobile apps. Whether you are an Android or iOS user you can enjoy trading anywhere. Most importantly, the software doesn’t lose any functionalities on the phone. On the contrary, you get a timewise advantage because you can trade anytime.
MT4 trading provides high execution speeds and functional design. Even though it’s not fancy it serves the purpose.
After all, traders care about the profits and tools the software provides, not the general design. For that reason, the MT4 platform has more than 10 million downloads on PlayStore.
Friedberg Direct Customer Support
Another key point is customer support. Generally speaking, traders very often lose interest in a broker after bad experiences with support. In this case, support is available 6 days a week.
Most importantly, through different contact options. You can get in touch via phone, e-mail, live chat or directly in the office. Yet, some user-experience reviews discover that Friedberg Direct support is not so satisfying.
Friedberg Direct Pros and Cons
On the positive side, Friedberg Direct is a legit and regulated Canadian broker. Also, they are members of CIPF. In addition to that, the company has a stable partnership with worldwide trusted brokers FXCM and AvaTrade. Even though that might bring some confusion.
On the other hand, the company has limited assets availability. Also, trading conditions are quite unclear. As for the funding methods and withdrawal options, the company is quite sparse.
General Conclusion of Friedberg Direct Services
All in all, for experienced traders this might be a good choice. However, their minimum deposit might be too high for newbies. In the end, they are just testing it out. Instead, you can find yourself a broker with the same level of regulations and security. But also with many more trading options, more transparent trading conditions and different educational programs.
If you don’t know who might be the broker on your side still, get in touch with our team. Based on your preferences and skill level we can find you the most popular and trusted brokers worldwide. Don’t hesitate because it’s free of charge. But most importantly without any requirements or obligations. Book your consultation already today!
Is Friedberg Direct a Legit Broker?
To sum it up, yes. The company is present in the business world for 50 years but also in online trading for 15 years with trusted regulations.
What is the minimum deposit With Friedberg Direct?
The minimum deposit is 20 times higher than the industry average of $250. It starts at $5.000. Not even their partners have such high minimum requirements.
What is Friedberg Direct?
Friedberg Direct is a subsidiary of Friedberg Mercantile Group Ltd located in Canada. Since 2008 they provide online FX and CFD trading services mainly domestically.