Broker XM has launched the "Ramadan Iftar" initiative with the main objective of supporting the people in need during the holy month of Ramadan.

"Through this corporate social responsibility initiative, XM aims to bring joy and relief to individuals and families facing hardships," the brokerage said.

Through a partnership with Association Bab Rayan, a nonprofit organization in Casablanca, Morocco, the company donated $2,000 to prepare iftar dinners for orphans and people in need.

Founded in 2014 with the support of the King of Morocco, Association Bab Rayan works on a variety of humanitarian projects ranging from child protection and education to vocational training and solidarity activities. The association helps communities across Morocco.

"At XM, we are honored to contribute to this noble cause and support Association Bab Rayan in its mission to improve the lives of others," the company emphasized.

This initiative reflects XM's commitment to helping communities around the world.

Broker XM was founded in 2009 and provides services to traders and investors in nearly 190 countries. The company is licensed by three of the world's leading regulatory bodies: ASIC, FCS, and CySEC. It is currently recognized as the fastest growing broker and the best forex service provider.