Friedberg Direct Overall rating

4.0
Overall rating is an average of ratings from experts in 4 categories.
Pricing
4.0
Regulation
5.0
Popularity
3.0
User rating
Source: fxverify.com

Friedberg Direct Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Max. Leverage Retail Clients
Friedberg Mercantile Group Ltd up to $1,000,000 50 : 1

Friedberg Direct Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Commission Based Pricing Markup Pricing
Forex20% Of Commissions Paid0.7 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Commission Based Pricing
Forex 20% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Markup Pricing
Forex 0.7 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.

What are Friedberg Direct rebates?

Friedberg Direct rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do Friedberg Direct rebates work?

When you link a new or existing forex trading account to us the broker 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.

Unlike some of our competitors your spreads will never increase as a result of using our service! 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. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much Friedberg Direct rebates can I earn?

Use our forex rebate calculator to estimate your Friedberg Direct rebate earnings:

You must enter a valid number

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.

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, 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.

Friedberg Direct Profile

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 Card
Financial Instruments Forex
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

Friedberg Direct Account types

  Commission Based Pricing Markup Pricing
CommissionMajors C$10.00 Per Lot  Others C$14.00 Per LotNone
Maximum leverage50:1
Mobile PlatformMT4 Mobile, Proprietary
Trading PlatformMT4, Proprietary
Spread TypeVariable Spread
Minimum Deposit50
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  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 MT4Proprietary
Mobile platform MT4 MobileProprietary
Spread type Variable Spread
Minimum deposit 50
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Markup Pricing
Maximum leverage 50:1
Typical Spread 2.5
Trading platform MT4Proprietary
Mobile platform MT4 MobileProprietary
Spread type Variable Spread
Minimum deposit 50
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Friedberg Direct User rating

4.0

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