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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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Friedberg Direct reviews

6/10 (votes 2374)

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On-line since: 2008
Country of origin: Canada
Regulation: IIROC
Payment options: bank transfer, credit cards
Minimum account size: $5,000
Minimum lot size: 0.01 lot
Leverage: up to 1:50
Spreads: floating, fixed

Friedberg Direct is a Canada-based broker which has been operating in the financial markets since 1971. Broker Friedberg Direct is part of Friedberg Mercantile Group Ltd, the oldest financial company in Canada.

The broker`s activities are focused primarily on residents from Canada and Western Europe.

Trading conditions

Friedberg Direct offers its clients to trade the following financial instruments: multiple currency pairs, CFDs, futures, and options. The broker provides one trading account with floating spreads. The leverage is quite low - 1:50. The initial deposit which starts from $5,000 is available only to wealthy traders. Thus, the broker has limited cooperation with novice traders. There is no possibility to open a demo account. The company`s policy appears to be orientated towards professional investors.

Trading platforms

Friedberg Direct’s clients can conduct trading through the following platforms: the popular MetaTrader 4, Trader Ninja, and the company`s own software - Trading Station.

Support service

Friedberg Direct customer support is available 24/7. You can contact a specialist by phone or through a feedback form. The website also features contact details of the company`s Toronto-based head office.

Deposit and withdrawal of funds

Friedberg Direct has a limited choice of payment methods - bank transfer and credit cards. This is probably due to its high initial deposit requirement. Transferring such a large sum of money through electronic payment systems is rather challenging and unprofitable.

Feedback from traders

Advantages and disadvantages

Advantages:

regulated broker
extensive experience in providing financial services
wide range of trading platforms

Disadvantages:

high initial deposit
no demo account and bonus programs
limited number of ways to deposit or withdraw profit

Conclusion

We cannot recommend you cooperate with Friedberg Direct, since the broker requires large financial investments and a low level of leverage. Unless you are a major market player, you should consider other brokers with a lower minimum deposit. Besides, the website is available only to English-speaking traders and the broker is authorized to trade only in Canada and Western European countries.

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Comments about broker

Hudson trader

review Friedberg Direct

19-01-22

I opened an account with Friedberg Direct 3 months ago. I can say that trading execution is very fast, and the support team also have been helpful so far. Their platform is also the best. However, Friedberg Direct broker is much better than the other broker. They are definitely not a scam. I have withdrawn the profit that I made today and I decided to continue my trading here.

Flamur trader

review Friedberg Direct

05-08-21

As of now, I am earning quite well at Friedberg Direct. I commend their customer service because their representatives are always available and they answer questions promptly and clearly. This broker makes sure that their clients always receive excellent services.

Covixsa trader

review Friedberg Direct

13-06-21

There are a lot of complaints I hear about Friedberg Direct in various forums. The majority of the claims concern about their withdrawal system, they think, they take longer than expected. I did not take decisions on whether or not I will open an account with them because of their doubtful reputation on some forums. If anyone working with this broker it let me know it is worth the decision to trade with them or not?

Max Fx trader

review Friedberg Direct

30-04-21

Friedberg Direct is a professional and reliable broker based on my experience. It has been more than a year since I started trading at Friedberg Direct. Their high minimum account size is worth it with the service they provide. They would provide bonuses or rebates, which is a good source of motivation. The trading platform is also working well and is easy to use. They have the best trading conditions and useful trading tools. Their trading cost is low, and the support team is outstanding. I have nothing to complain about Friedberg Direct. They are recommended broker.

Quendal trader

review Friedberg Direct

18-11-20

My overall experience at Friedberg Direct is incredible. I have been with them since 2017 and their services has never disappointed me. One of the most admirable service they have is their customer care. The representatives are evidently well-trained as they handle any client's concern efficiently. They respond promptly and make sure that all issues are resolved.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

Friedberg Direct reviews

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