If you are a Forex Trader or you have just started researching about it, you might want to try XM, a leading Forex and CFD Trading Platform. But the first thing that you needed to confirm is whether the company opens Forex Trading accounts to local clients. Unfortunately no, XM doesn't open Trading accounts for clients living in Canada. However, you might be surprised but don't feel disappointed, we believe that you might want to try BDSwiss instead.
BDSWISS: THE BEST ALTERNATIVE TO XM FOR CLIENTS IN CANADA
BDSwiss is a Trading Platform specialized in FOREX and CFDs. Founded in Switzerland in 2012, the platform currently has over 1 million active trading accounts worldwide and services over 11 billion euros in trading volume per month. With 200+ personnel, BDSwiss Group’s holding company is headquartered in the Swiss city of Zug (close to Zürich), and maintains its operating offices in Berlin, Germany and Limassol, Cyprus. BDSwiss is one of the few CFD Trading platforms available in Canada.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.