XM Forex Canada Review

xm forex canada

The website is operated by XM Global Limited. Its registered address is Suite 404, The Matalon, Coney Drive, Belize City. It is authorised by the Financial Services Commission of Belize and is regulated by Trading Point of Financial Instruments Limited. The company is a member of the Trading Point Group. It does not provide services to residents of some countries.

There are several account types that are offered at XM. They are easy to understand and use, and offer reasonable value. Other brokers make their account types more complicated, but XM is clear and straightforward, and focuses on the needs of its clients. They also offer a range of payment options.

Withdrawals can be processed quickly. XM’s customer service team responds to requests for withdrawals within one to three business days, depending on the country in which you reside. For withdrawals in the EU, it takes at least three business days, depending on the country. Other payment methods, such as bank transfers, may take longer.

XM is regulated by three financial authorities worldwide. Its operations are governed by Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the Financial Services Commission of Belize. It has subsidiaries in Cyprus, Australia, and the United Kingdom. This means that it has been able to maintain an adequate level of financial capital and meet the strict regulations of these countries.

XM offers commission-free Forex accounts. Its XM Ultra-Low Standard Account offers spreads as low as 0.6 pips, which equals approximately $6.00 for a 1.0 standard lot. Other currency pairs carry higher markups. In addition, some currencies, such as EUR/USD, are excluded from commission-free trading.

XM is a global broker, with over 2.5 million clients across 196 countries. It has zero rejections in its history and executes more than 1.4 billion trades. Its management travels to over 120 cities worldwide to meet with clients and share information and ideas. The company’s website also features educational content, a research page, and a calendar of upcoming webinars.

The website of XM offers a no-deposit bonus for new clients. This bonus is equal to 30 $ and is available for new clients only. You can use this bonus to leverage your forex trades and profit from them. The company accepts credit/debit cards, bank transfers, and Bank Wire Transfer.

XM also offers live training. There are three different education rooms that offer live interactive training and real-time guidance. Each of them has a unique syllabus. The Primary Education Room is for beginners, and covers topics such as how the financial markets work, money management, trading strategies, and technical analysis. It also includes several live sessions, which can help you gain a more complete understanding of trading.

XM offers a wide range of trading products for individuals and investors. It offers over 1,000 instruments across seven asset classes, including forex and CFDs on stocks, indices, commodities, and other currencies. It has flexible lots sizes and no hidden fees. Additionally, it offers a research section and webinars. This makes XM a highly-comprehensive and interactive resource for traders.

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With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

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