Account opening applications MUST be completed by the individual(s) who will own and trade the account. No other person, or employee of Friedberg Direct or FXCM or any other firm that you may have been referred to us by is permitted, under any circumstances, to complete the account opening application or agree to any Terms and Conditions, disclosures or confirm receipt of any regulatory disclosures or documents on your behalf. Please do not share your log in credentials with anyone or give over control of your computer or trading platform to any third party.
Friedberg Direct powered by FXCM technology does not provide any investment advice or recommendations. Any market recommendations, signals, algorithms, information and/or opinions procured from or provided by and/or distributed by any third party do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, or the recommendation to buy or sell, any transaction on behalf of Friedberg Direct powered by FXCM technology. Reliance on any such recommendations, signals, algorithms, information and/or opinions procured from or provided by and/or distributed by any third party is solely at your own discretion and Friedberg Direct powered by FXCM technology does not take any responsibility for the outcome of any actions or trades based on such reliance. This includes, but is not limited to, the MT4 and MT5 trading platforms and/or any other platforms utilized to trade on your Friedberg Direct powered by FXCM technology account(s). You should always seek independent advice from a professional financial advisor. Please be advised that you are solely responsible for assessing the merits and risks of any trade that you enter, and each trade entered into by you represents an independent decision. You are solely responsible for the trades you chose to enter into and their outcome.
Friedberg Direct will only conduct business with a client for whom it considers such business to be appropriate and in assessing appropriateness, will rely on the information provided by the client in his/her/their application form. For this reason, it is essential that you immediately advise us in writing if there is subsequently an adverse change in the information you have provided.
While there is no guarantee that an applicant will have their account application approved, it should be noted that in order to be considered for an account opening, an applicant must be comfortably able to afford to Risk and potentially Lose a minimum amount of $2,500 in trading. Otherwise, trading in an Order Execution Only environment with Friedberg Direct may not be suitable for you.
For more information about the needed documentation for Corporate Entities and Partnerships, please click here.
You can upload your documents to MyFXCM. Simply log in using the account number and password you provided on the application. Documents submitted through the MyFXCM portal will be processed generally within one (1) to two (2) business days.
If you are unable to log in, you may send a digital version of your documents via email to [email protected].
Documents submitted by means of email will be processed generally within five (5) to seven (7) business days.
For information about Electronic signatures - please click here.
The following documents may be requested in accordance with your account type.
|ACCOUNT TYPE (1K LOTS)||USD||CAD|
|Corporate Account |
Please ensure you read, understand and agree to the following before submitting your application:
There is a one-time account processing fee of 100.00 CCY for the onboarding of corporate, trust, partnership and LLC accounts. This fee will be waived with an initial deposit of 10,000.00 CCY or greater.
High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposit and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Please read our full risk warning.
Derivatives offered to Quebec residents are authorized by the Quebec AMF.
Important Information: Please be sure to type or clearly print your email address on the New Account Agreement, as this will be the medium used to contact you following the receipt of the application.
Within 24 hours of the receipt of your application you will receive an email with an update on the status of your account. If we are unable to verify your identity the email will include details on how to complete your application.
Friedberg Direct takes strong measures to prevent identity theft and will report any instances of attempted identity theft, fraud or other criminal activities to the authorities.
Order Execution Only
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.