Friedberg Direct Is A Canadian Forex And CFD Broker Regulated By The Investment Industry Regulatory Organization Of Canada (IIROC) And Affiliated With Friedberg Mercantile Group Ltd. The IIROC Is A Private Self-regulatory Organization That Has Been Granted Powers To Oversee Canada's Financial Services Industry On Behalf Of The Government.
A Unique Feature Of Friedberg Direct Is That It Is A Forex Broker That Specializes In Providing Services To Canadian Residents.
Friedberg Offers Its Clients Traditional Forex Trading In Nearly 40 Popular Currency Pairs, As Well As CFD Trading In Stock Indices, Various Commodities, Japanese And European Government Bonds, And A Range Of Individual Stocks From US, UK And European Union Companies.
In Addition To These Instruments, Friedberg Also Offers Options Trading On The Forex Market. These Options - Also Known As Regular Options - Are Available On More Than 40 Of The Most Traded Currency Pairs, As Well As Gold And Silver.
The Spreads On These Instruments Are Generally Quite Competitive, Although Probably Not The Lowest In The Industry. Unfortunately, However, Under Canadian Regulations, Trading Leverage On The Most Liquid Assets Is Limited To 1:50. While This May Be Sufficient For Many Traders, It Is Well Below The 1:500 Leverage Typically Offered By Brokers Such As Australia And New Zealand.
For Options Trading, Friedberg Offers A Dedicated Options Trading Platform Called AvaOptions. The Platform Is Designed For Trading On Windows Computers As Well As Apple And Android Mobile Devices.
For Regular Forex And CFD Trading, Friedberg Direct Offers The Option Of Using The MetaTrader 4 Or 5 (MT4/MT5) Platform, Either As A Traditional Desktop-based Version Or As A Web-based Platform. Although These Platforms Are Now Several Years Old, They Are Still Popular In The Trading Community Because Of The Large Number Of Custom Indicators And Trading Algorithms That Can Be Found In Them.
After Signing Up With A Broker, Friedberg's Clients Must Electronically Submit Three Documents To Verify Their Accounts: A Copy Of A Valid ID (ID Card Issued By The Canadian Government Or A Foreign Passport), Proof Of Residential Address (a Copy Of A Utility Bill With Full Name And Address Issued Within The Last 3 Months), A W-8BEN Form (to Prove You Are Not An American For Tax Purposes), And A Bank Or Credit Card Statement.
Depositing Funds Into Friedberg's Transaction Account Is A Hassle-free Process, Although The Only Two Payment Methods Accepted Are Bank Telegraphic Transfer And Major Credit And Debit Cards. In Other Words, Cryptocurrencies And E-wallet Services Are Not Accepted Here.
On All Trading Days, You Can Reach Friedberg's Client Server Team 24 Hours A Day By Phone Or Email. In Addition, Live Chat With A Customer Support Agent Is Available In English, Arabic, French, German, Italian, Portuguese, Russian, Spanish, And Turkish During Designated Hours On Weekdays.
In Conclusion, We Think Friedberg Is An Excellent Forex Broker, Especially For Canadian Residents. It Is Well Known That Canadian Citizens - As Well As U.S. Citizens - Generally Do Not Welcome Clients As Foreign Forex Brokers, Which Makes It All The More Important To Have Good Brokers In The Country. With Friedberg, Brokers Like This Now Exist As A Fully Regulated Alternative For Canadian Forex, CFD, And Options Traders.
