Introduction
FriedbergDirect.ca is an online stock broker that is based in Canada. The company was founded in 1988 and is a subsidiary of Friedberg Mercantile Group Ltd., which is a global investment firm. FriedbergDirect.ca offers a variety of services including online trading, investment advice, and portfolio management. The company also has an extensive education center that offers webinars, tutorials, and other resources to help investors learn about the markets and how to trade. So, is FriedbergDirect.ca legit or a scam? In this blog post, we will take a look at the company’s history, services, and customer reviews to try to answer this question.
What is FriedbergDirect.ca?
FriedbergDirect.ca is a Canadian online broker that offers trading in commodities, forex, and CFDs. The company is headquartered in Toronto and is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). FriedbergDirect.ca has been in business since 1998 and offers its services to residents of Canada.
The company offers a variety of account types, including a demo account for those who want to try out the platform before committing to a real money account. FriedbergDirect.ca also offers 24/7 customer support via chat, email, or phone.
So far, we have not been able to find any negative reviews of FriedbergDirect.ca online. All of the reviews we have found are positive and say that the company is legitimate and offers a great service.
Is FriedbergDirect.ca a Legit Brokerage?
FriedbergDirect.ca, formerly known as Paciflex, is a Canadian online brokerage firm that is headquartered in Toronto, Ontario. The company was founded in 2003 by Michael Friedberg and has since grown to become one of the largest online brokerages in Canada with over 30,000 active accounts.
FriedbergDirect.ca offers a wide range of investment products and services including online trading for stocks, options, futures, forex, and CFDs. The company also provides market research, educational resources, and customer support through its website and mobile app.
So is FriedbergDirect.ca a legit brokerage? Yes, it is a legitimate brokerage firm that is regulated by the Investment Industry Regulatory Organization of Canada (IIROC). IIROC is the national self-regulatory organization that oversees all investment dealers and trading activity in Canadian securities markets.
Pros and Cons of FriedbergDirect.ca
FriedbergDirect.ca is a Canadian online broker that offers trading in a variety of financial instruments, including stocks, bonds, options, and mutual funds. They also offer an online banking platform and investment products.
The company is headquartered in Toronto and is a member of the Investment Industry Regulatory Organization of Canada (IIROC).
Pros:
-Trading platforms: FriedbergDirect.ca offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading forex, CFDs, and commodities. MT4 is the most popular platform among retail traders, while MT5 is more commonly used by institutional investors.
-Customer service: FriedbergDirect.ca provides customer service via email, phone, and live chat. They also have an extensive FAQ section on their website.
-Banking: FriedbergDirect.ca offers an online banking platform with features such as bill pay and e-transfers. They also offer a variety of investment products, including GICs and term deposits.
-Research: FriedbergDirect.ca provides market news, analysis, and commentary from their team of analysts as well as third-party sources such as Reuters and Bloomberg News. They also offer a mobile app for iPhone and Android devices.
Cons:
-Commissions and fees: FriedbergDirect.ca charges commissions on trades placed through their platform starting at $6.95
Conclusion
FriedbergDirect.ca is a website that promises to help people make money by trading forex and other financial instruments. However, there are many red flags that suggest this website may be a scam. For example, the website does not provide any contact information, and the only way to get in touch with them is through a form on their website. Additionally, there are many negative reviews of FriedbergDirect.ca online, with people complaining about being unable to withdraw their money or getting scammed out of their investments. If you’re considering investing with FriedbergDirect.ca, we would advise you to exercise caution and do your research before handing over any money.