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 is also a member of the Canadian Investor Protection Fund (CIPF).
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources.
FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
The Friedberg Group
The group of Friedberg companies began in 1971, is headquartered in the financial district of Toronto and manages over $2 billion in assets. Throughout its history Friedberg has specialized in managing money in non-traditional asset classes. Today, Friedberg manages assets for a wide variety of retail and institutional investors. The group of Friedberg companies are a family-owned business. It is the policy of the Friedberg family to be the lead investor in any investment fund product offered by the company.
Friedberg Mercantile Group Ltd. (FMGL)
FMGL is the Toronto-based brokerage arm of the Group, operating one of the oldest and largest independent futures and foreign currency brokers in Canada, with full-service and discount divisions in Toronto and New York. It was the leading clearing broker at the Toronto Exchange and is a member of the Investment Industry Regulatory Organization of Canada, all Canadian exchanges and the Canadian Investor Protection Fund. FMGL is a manager for currency, global fixed income and global equity portfolios. FMGL also publishes Friedberg's Commodity & Currency Comments, which provides analysis and recommendations on financial markets. This highly-respected newsletter has kept clients and subscribers current with the Friedberg Group's investment thinking since 1971.
Friedberg Direct (FD)
FD is the Toronto-based On-Line Discount Brokerage division of Friedberg Mercantile Group Ltd. offering direct access to Non-US persons to Spot Foreign Currency, Currency Options and Commodity Futures Trading through dynamic, on-line trading platforms. Accounts with Friedberg are covered by the Canadian Investor Protection Fund.