Two Companies, One Goal

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, including its award-winning trading platform, No Dealing Desk forex execution and other operational services, 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), so all accounts are protected by CIPF up to $1 million.

FXCM

FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real time charts.

In addition, FXCM offers education courses on forex trading and provides free news and market research through DailyFX.com.

FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialists from Technical Analysis of Stocks & Commodities.

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 are a family-owned business. It is the policy of the Friedberg family to be the lead investor in any investment 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.