What documents do I need to open an account?

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

Please note that a separate Proof of Residence is still required even if the address on your government issued photo ID and bank statement/letter/$1 cheque matches the residential address listed on your application.

1. Photo ID

A photocopy of a government issued photo ID, clearly indicating your date of birth. All documents that contain an expiration date must be valid, unless stated otherwise.

Examples of this include:

  • 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, may be removed at your own discretion.

Examples of this include:

Utility Bills:

  • Gas
  • Water
  • Electric
  • Telephone

Tax Documents:

  • GST Refund Letter
  • CRA Notice of assessment


  • Vehicle registration
  • Current lease agreement
  • Auto insurance

3. Client Acknowledgment Form

If you apply for an account online, you will receive the Client Acknowledgement form which you are required to complete, physically sign and send via 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.

4. W-8BEN

Friedberg Direct requires all clients to fill in, physically sign and 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.

5. Additional Verification

Please choose ONE of the following options:

  1. Bank or Loan/Mortgage account statement – Dated within three (3) months for the address indicated on the application (PO Boxes are not acceptable). It can be scanned or photographed.
  2. Bank Letter - Dated within three (3) months for the address indicated on the application (PO Boxes are not acceptable). It must be signed, dated and stamped, listing the account number held at the bank and the contact number of the bank manager or employee who drafted the letter.

You can upload your documents to www.MyFXCM.com. Simply log in using the account number and password you provided on the application. Documents submitted through the MyFXCM portal will be processed generally within two (2) to three (3) business days. If you are unable to log in, you may send a digital version of your documents via email to admin@fxcm.ca. Documents submitted by means of email will be processed generally within five (5) to seven (7) business days.

For information about Electronic signatures - please click here.