3.09 • 5 REVIEWS
Updated: Feb 27, 2024
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FriedbergDirect is a forex broker. Friedberg Direct offers the MT4 and MT5 forex trading top platform. offers over 50 forex currency pairs, cfds, commodities, stocks, bonds, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
FriredbergDirect provides brokerage services through FXCM and AvaTrade.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $50
Established: 1971
Address: Brookfield Place 181 Bay St. Suite 250 Toronto, Ontario., M5J 2T3, Canada
Contact:, 416-350-2888
Regional offices:
Regulators: CIPF #, IIROC #
Prohibited countries:
Trading platforms: MT4, MT5, NinjaTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (110+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
ZuluTrade: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Boleto, DinPay, FasaPay, Neteller, PaySec, SafeCharge, Skrill, Tranzila, UnionPay, VeriTrans, VoguePay, WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Boleto, DinPay, FasaPay, Neteller, PaySec, SafeCharge, Skrill, Tranzila, UnionPay, VeriTrans, VoguePay, WebMoney
* Please check broker website for more information
3.09 • 5 REVIEWS

Recent User Reviews of

Montreal, Canada,
Jul 18, 2020,
Registered user

Scammed me for 2600$

Service use: Live Length of use: 6-12 Months
Hi traded for a few months and I once withdrew 1.9k in a day. 20days later and 3 calls with Visa later, my funds have disappeared and AVA’s support doesn’t help me at all even after 15 days at attempting to get my funds back. So 1.9k has disappeared and 600$ is left in my account, locked there.

NEVER USE THEIR SERVICES. They will let you trade and everything will seem good until you actually make profit and they will give you hell and even worse, scam you of your funds.

Mar 27, 2020 - 3 Stars They verified my account after 2 weeks! And i started trading, room for improvement but I actually enjoy their platform

Mar 18, 2020 - 1 Star They are locking all my initial funds and they don't verify any of my documents provided for more than a week and a half, I tried to contact their support through live chat, phone and e-mail, and no response within twice as long as the predicted delay. I seriously hope people see this review before going with them because I have come to the conclusion that Friedberg Direct is a SCAM and I might never see the light off my money again.
Nov 4, 2017,
Registered user

Nothing Fancy

I a'm an active trader with Friedberg Direct Canada for a couple of years now. I personally have not had a problem depositing or withdrawing my funds. They've been very quick with me. I also have not had a problem with their support for the couple of times I've used them. No frills just a meat and potatoes straight through broker.
Montreal, Canada,
Mar 8, 2017,

Canadian Margin regulations suck, that's not Friedburgs fault. Their customer service was previously good... unknown now.

The two anonymous posters don't seem to understand that their frustrations come from Canadian Forex regulation. Rating a company poorly because they comply with the law from their jurisdiction doesn't make sense.

I'm interested in their dependability from a review.
Their trustworthiness and customer complaints.
I have limited exposure to this company and therefor did not provide a star rating. I have only used this company while they were headquartered in the USA. The person in charge of my account was based out of LA and he was top notch. Never had any issues with their customer service. But my accounts have always been in Canada. They helped walk me through all the ridiculous mind numbingly complicated Canadian margin requirement laws referenced by the two posters who were formerly using FXCMUK.
1 trader has found this review helpful
Toronto, Canada,
Mar 22, 2016,

Like another poster I was forced to use this company because FXCM uk dumped their canadian clients. The margin requirements are disgusting to say the least and after a couple of losses I was told my account was going to be disabled and I could no longer make future deposits unless I sent them all my bank information. If you are looking for a canadian forex broker, steer clear from friedberg direct. FXCM should seriously rethink dealing with these scammers.
1 trader has found this review helpful
, Canada,
Feb 2, 2014,

Having been forced to use this company because FXCM would no longer support Canadian traders using any other platform (I traded on the UK platform with FXCM) I will say their support seems decent.

When it comes to trading this company is basically the Canadian FXCM version. The one big noticeable difference is the fact they require a maintenance margin over and above the regular margin used to trade. So for example if you trade the GBP/USD using 1 mini lot of 10K, be prepared to set aside $890 in margin. Hard to take after having a $90 margin requirement on the old UK platform. Anybody with a small account will need to trade micro lots and will take a long time to move forward and grow your account.
1 trader has found this review helpful
Leith Hill
Kelowna B.C.,
Apr 1, 2010,

After having Forex Accounts with two other Canadian Firms ... Friedberg Direct ... alias Friedberg Mercantile (Futures division) is by far the most upfront and reliable Forex service provider that I've had an Account with yet. If you happen to be a professional Trader and are looking for a secure company to hold your Trading Account of between $10,000.00 to $100,000.00 ... look no further. Friedberg's has a history of being one of the oldest and most reliable Trading firms in Canada and has just recently opened the door to the Forex arena for their many clients.pyaf
1 trader has found this review helpful