Independent rating of Forex broker Friedberg Direct

About company

Friedberg Direct is a Canadian-based broker belonging to Friedberg Mercantile Group Ltd. The company claims to be a global provider of online brokerage services. Its headquarters are situated in Toronto, Canada. The broker’s offices are found in the UK, France, Greece, Australia, Germany and China. Friedberg Direct is a member of the Investment Industry Regulatory Organization of Canada (IIROC). Besides, clients’ accounts are protected by the Canadian Investor Protection Fund (CIPF). The IIROC also acts as a watchdog that issues licenses to investment dealers and supervises trading activity on debt and equity markets in Canada.

Trading conditions

• a wide suite of financial instruments, including currency pairs, futures contracts, and binary options to trade online
• NDD (Non Dealing Desk) technology of order execution
• a single account to trade Forex
• a demo account available indefinitely
• a marginal rate of 2%
• micro lots available
• trading through the most popular platform, MT4
• common and corporate accounts
• free of charge online seminars for beginners in English

Trading platform

Friedberg Direct offers access to several powerful trading platforms:

• MetaTrader4
• Ninja Trader
• its own platform, Trading Station

All of them are user-friendly and time-tested trading platforms which enable clients to trade popular financial instruments and employ a variety of technical indicators and oscillators.

Support service

Customer support with Friedberg Direct is available around the clock. Clients can contact managers through email and phone numbers specified on the official website.

Traders’ reviews

Russian-speaking traders leave mostly negative comments on the Internet. The most frequent complaints about Friedberg Direct are faults in closing trades, constant requotes, low quality of technical support, and a lack of expertise among managers to solve critical troubles.

Advantages:

• regulated broker
• NDD order execution
• a wide choice of trading platforms, including the most popular MT4
• a demo account available to beginners
• micro lots allowed
• free workshops for beginners

Disadvantages:

• the broker does not offer PAMM accounts
• high minimum deposit
• low leverage
• the website provides sparse information on trading conditions and financial instruments
• there are lots of negative reviews of the broker’s services on the Net