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.
Please ensure you read, understand and agree to the following before submitting your application:
An Online Trading Application takes about 15 minutes to complete.Apply Online
Review the documentation needed to complete your account setup.
Click here for the funding options available to get started with your trading.
We recommend that you send your documents to our New Accounts department within 24 hours of your online application submission. The following documents may be requested in accordance with your account type.
Friedberg Direct requires a copy of the following for each named account holder:
A photocopy of one form of a non-expired, government issued photo ID. Your identification must clearly indicate your date of birth. All documents that contain an expiration date must be valid, unless stated otherwise.Examples of this include a:
A proof of residence dated within six months for the address indicated on the application (PO Boxes are not acceptable).
Please note that we are unable to accept any statement or bill that has not been received in its entirety. Information such as the billing name and address must be visible, as well as the company that has issued the bill. Your document must not be folded. Payment stubs are not acceptable, as they display limited information. Confidential information, such as an account number(s), may be removed at your own discretion.Examples of this include a:
You may upload your documents to www.MyFXCM.com. Simply log in using the account number and password emailed to you upon completion of 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 firstname.lastname@example.org or fax your documents to +1 877 229 0004. Documents submitted by means of email or fax will be processed generally within five (5) to seven (7) business days.
Please note that a separate Proof of Residence is not required if the address on your government issued photo ID matches the residential address listed on your application.
If you apply for an account online, you will receive the Client Acknowledgement form which you are required to complete, sign and send via Fax or Email to us. The form ensures that you acknowledge and confirm that you have received pertinent account opening information, including the New Client Documentation Booklet.
Friedberg Direct requires all clients to submit a W-8BEN Form - Department of the Treasury Internal Revenue Service Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding. Fill out the W-BEN form here.
Please choose ONE of the following options:
Click here for additional details.
For more information about the needed documentation for Corporate Entities and Partnerships, please click here.
We recommend that you fund your account after you've received an email confirmation that your account setup is complete.
Based on the selected currency, refer to the corresponding account type for the account deposit minimum:
|Account Type (1K lots)||Currency|
To review all funding options and details, visit www.friedbergdirect.ca/depositing-funds.jsp.
Once funds arrive in the name of the account holder, a permanent username will be sent by email. Use this new permanent log-in information to access the FXCM Trading Station and begin trading your new account!
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.
* 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.
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.