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 Israel. However, you might be surprised but don't feel disappointed, we believe that you might want to try Pepperstone instead.
PEPPERSTONE: THE BEST ALTERNATIVE TO XM FOR CLIENTS IN ISRAEL
When compared to other CFD Brokers, Pepperstone stands out from the fact that they offer ultra-low spreads and powerful trading platforms. Several industry experts have stated that indeed Pepperstone has made a valuable contribution to the financial services industry, reason why the company has one of the highest conversion rates (A potential client who tries it, later becomes a client). Being originally from Australia, Pepperstone gives a greater focus on the Asia Pacific and Middle East regions, in terms of market analysis, education initiatives but also the trading instruments related to the markets in these regions are way above what other brokers offer.
Pepperstone handles an average of $125.5 billion in trading orders per day, meaning that it is one of the world's largest FX brokers worldwide. ¿Concerned about who's regulating them? Well, they are heavily regulated in Australia, the UK, UAE and the Bahamas, so, it is fair to say that it is a trustworthy Broker. By the way, opening a Trading account requires a simple process, you just need to upload an ID (Passport or Teudat Zehut) and a Utility bill through their App and in a few days, you are ready to go.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.