XM Review Canada 2019 – XM Group is a Group of regulated on-line brokers. Trading purpose of economic instruments Ltd was established in 2009 and it’s regulated by the Cyprus securities and exchange commission (CYSEC 120/10), trading purpose of economic instruments Pty Ltd was established in 2015 and it’s regulated by the Australia securities and investments commission (ASIC 443670) and trading purpose of economic conduct authority (FCA 705428).
Recommended Forex Brokers in Canada
XM Features for Canadian Traders
XM is that the next-generation broker for on-line forex and goods trading, providing a large array of progressive options for trading Forex, Stocks CFDs, Commodities CFDs, Equity indices CFDs, Precious metals CFDs, Energies CFDs and Cryptocurrencies CFDs. What makes XM outstanding is that there are not any re-quotes or rejections of trading orders, no hidden fees or commissions, and 99.35% of orders get dead in but one second.
XM Group offers 1:30 leverage within the trade. Over sixty currency pairs and over a hundred money instruments are often listed each on-line and by phone on eight advanced trading platforms. Besides, there are not any higher limits to deposits.
Beginner and seasoned traders will equally have the benefit of superior services and from precisely the same trading conditions, whether or not they open a true or a demo account. Registration is presently out there in seventeen languages, and trading are often started with a min. deposit of USD5 on multiple forex accounts, or on non-expiring demo accounts funded with USD100,000 virtual currency. Traders will have the benefit of tight spreads as low as zero pip on the foremost currency pairs.
XM Group offers three types of Forex accounts and they are:
- MICRO account (1 micro lot = 1,000 units of the base currency)
- STANDARD account (1 standard lot is 100,000 units of the base currency)
- XM ZERO account (1 standard lot is 100,000 unites of the base currency)
The above three Forex account types come with custom-tailored conditions and base currency choices for USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
With typically tight unfolds on over sixty currency pairs and unfold as low as one for small and commonplace account varieties and spread as low as zero for XM Zero account kind, XM conjointly provides halfway pip rating in order that shoppers will trade with tighter spreads and have the benefit of the foremost correct quoting attainable.
Spreads and Leverage
The 1:30 leverage offered by XM is exclusive within the trade. Over sixty currency pairs and over a hundred money instruments are often listed each on-line and by phone on eight advanced trading platforms. Besides, there are not any higher limits to deposits.
XM Trading Platform
Both demo and real account XM shoppers will trade on as several as eight trading platforms that support market, limit, stop and trailing orders, and directly accessible from one account. This hurries up dealing and provides traders nice flexibility to trade from anyplace and at anytime with ease. At XM the multi-award winning platform Metatrader4 works with a vast variety of demo and real accounts, and knowledgeable Advisors (EAs) are supported.
The out there trading computer code is as follows: MT4 Terminal;MT5; MT4 for Mac; net monger; iPhone Trader; iPad Trader; Droid Trader; Mobile Trader. XM Group has multiple account holders with a vast use of charts and EAs.
Deposits and Withdrawals
Negative balance protection, the no re-requotes and no hidden fees or commissions policy, alongside the strict and time period market execution policy rank XM among the foremost sought-after forex brokers.
Account funding is 100% automatic and processed 24/7, whereas same day withdrawals are secured. Traders online will select from numerous trendy payment choices, with a large geographical coverage: credit cards (VISA, VISA negatron, MasterCard, Switch, Solo) bank wire, Neteller, Moneybookers Skrill, etc. The recently introduced native bank transfer choice allows investors to fund their accounts through their own native banks (in fifty eight countries worldwide) and in their native currencies. There are not any hidden fees or commissions for funds transfers, and every one transfer fees are coated by XM.
Beginners’ and client Support
Multilingual Personal Account Managers are at each demo and real account clients’ disposal via live chat, by telephone or email in over fourteen languages, aiding them with skilled support twenty four hours on five business days.
Rich forex academic material is at clients’ disposal, with free weekly interactive webinars, in addition like free, unambiguously developed MT4, MT5 video tutorials. The polyglot economic calendar, in conjunction with forex news and market research provided by XM money specialists facilitate shoppers follow market changes and adapt their trading choices consequently
The workers at XM (TradingPoint) are committed to satisfying your each want with integrity, transparency, and also the determination to serve you well. The firm has quickly saw its early development stage, as proved by the preponderance of favorable reviews, falling into the “7 out of 10” region of the dimensions, from happy customers on net review sites. The advantages of selecting this broker are clearly explicit on the house page of their website.