Friedberg Direct Rebates | We Beat all offers
Cash Back Rates
Cash back rebates are paid per closed position unless otherwise specified. 1 Lot = 100,000 base currency units traded.
| Commission Based Pricing | |
| Forex | 20% Of Commissions Paid |
| Payment Options |
Monthly cash back
|
| Markup Pricing | |
| Forex | 0.7 Pips |
| Payment Options |
Monthly cash back
|
Promotions
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Regulators
What Are Friedberg Direct Rebates?
Friedberg Direct rebates are discounts or cash payments made to Friedberg Direct account holders for every trade they place, whether it’s a win or a loss. The Friedberg Direct forex rebate program reduces the cost of the transaction and puts some money back in a trader’s account every month that would otherwise be lost to the cost of the transaction.How it works
When you open a brokerage account through us, the brokerage pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us. Your spreads and trading conditions remain the same as if you had opened an account directly with the broker. The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker.Are Friedberg Direct Rebates a scam; do my spreads increase?
Friedberg Direct rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
What is the best Friedberg Direct rebate program?
The first forex rebate providers were Chinese and catered to Chinese clients. In 2006 the company ‘FX Rebates’ arrived on the scene out of the USA, offering forex rebates to a global clientele. In 2007 cashbackforex.com became the second global rebate provider and surged in popularity. ‘FX Rebates’ shortly thereafter either went out of business or stopped offering forex rebates. From 2007 onwards cashbackforex.com and it’s affiliates have been the dominant and largest rebate provider and one of the largest introducing brokers globally.Many competitors have come online since 2007, some good and some bad. We have continued to improve our services along the way to stay ahead of the pack.
Are there any other benefits to signing up for Friedberg Direct rebates?
It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
| Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
| Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
| Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, Entropay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
How much Friedberg Direct rebates can I earn?
Use our forex rebate calculator to estimate your Friedberg Direct rebate earnings:
Profile
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian Residents access to FXCM’s suite of products. Friedberg Direct 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. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd. and member of the Investment Industry Regulatory Organization of Canada (IIROC). All accounts are covered by the Canadian Investor Protection Fund. Due to the licensing of FXCM’s software technology, Friedberg Direct has access to some of the most aggressive price providers. Friedberg Direct is proud to offer its clients FXCM’s suite of products as Friedberg Direct aims to provide clients with the best pricing available and to get all orders filled at the requested rate.
| Company Name | Friedberg Mercantile Group Ltd. |
| Year Founded | 2012 |
| Headquarters | Canada |
| Office Locations | Canada |
| Account Currency | CAD, USD |
| Client funds bank | Bank of America |
| Support Languages | English |
| Funding Methods | Bank Wire, Credit/Debit Card |
| Financial Instruments | Futures, Forex |
| 24 hour support | No |
| Segregated Accounts | No |
| Islamic Accounts | Yes |
| Accepts US Clients | No |
| Accepts Japanese Clients | No |
| Non expiring demo | No |
| Trading API | Yes |
Account types
| Commission Based Pricing | |
| Commission | Majors C$10.00 Per Lot ; Others C$14.00 Per Lot |
| Maximum leverage | 50:1 |
| Typical Spread | 0.3 |
| Trading platform | MT4Trade Station (FXCM) |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Islamic Accounts | Yes |
| Markup Pricing | |
| Commission | No commssion |
| Maximum leverage | 50:1 |
| Typical Spread | 2.5 |
| Trading platform | MT4Trade Station (FXCM) |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Islamic Accounts | Yes |
