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 AvaTrade instead.
Compared to other CFD Brokers, AvaTrade stands out due to their ultra-low spreads and powerful trading platforms.
¿Concerned about who's regulating them? With licenses in the EU, BVI, Australia, Japan, South Africa, and UAE, Avatrade is by far one of the most heavily regulated Brokers available in the market. Offering a wide range of CFDs on Shares, Forex, Indices, Commodities, Crypto, and even Bonds, it is one of the most complete Brokers in terms of instrument offering. Its platform offers is remarkable, giving Traders the chance to operate on several Trading environments, MT4, MT5, and their internally developed ones, AvaTradeGo and AvaOptions.
This last one, AvaOptions deserves a special remark. If you have passed the beginner's line in terms of trading knowledge, you are probably using options to hedge your strategy. Well, AvaOptions is one of the best Options Trading platform available. It is truly remarkable, offering great risk management features that are easily viewable and automatic, making Options trading as accessible as it can get.
Opening a Trading Account with Avatrade from Canada is very easy, you just need to upload a valid ID (Passport or Driver's License) and a Utility bill through their App and in a few days, you are ready to go. Go ahead and check out this broker, you won't regret it.
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