Friedberg Direct Forex Trading Account Opening Procedure

Open a Trading Account

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Important Notice

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:

• Terms of Business
• Risk Warning
• Execution Policy

• SUBMIT YOUR APPLICATION

An Online Trading Application takes about 15 minutes to complete.

Apply Online

• SUPPORTING DOCUMENTATION

Review the documentation needed to complete your account setup.

• FUNDING YOUR ACCOUNT

Click here for the funding options available to get started with your trading.

STEP 2: SUPPORTING DOCUMENTATION

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.

FOR INDIVIDUAL AND JOINT ACCOUNT HOLDERS:

Friedberg Direct requires a copy of the following for each named account holder:

1. Photo ID

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:

1. • Passport
   • Driving license
   • Non-driver’s ID
2. Proof of Residence

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:

1. • Gas bill
   • Electric bill
   • Telephone bill
   • Mortgage bill
   • Credit card statement
   • Current lease agreement

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 [email protected] 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.

1. Client Acknowledgment Form

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.

Complete the Client Acknowledgement Form here.

1. W-8BEN

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.

1. Additional Verification

Please choose ONE of the following options:

1. Certified photo ID

1. 1. 1. ID Certification Form must be included
      2. This will also satisfy the identification requirement listed above

2. Bank letter (signed and dated with contact number of bank manager or signee)
3. $1 cheque made payable to Friedberg Direct
4. Fund your account with a USD wire deposit

Click here for additional details.

Documentation for other Account Types:

For more information about the needed documentation for Corporate Entities and Partnerships, please click here.

STEP 3: FUNDING YOUR ACCOUNT TO BEGIN TRADING

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: