We will explain the trading characteristics, how to choose, and spreads regarding the four types of XMTrading account types (Standard, Micro, Zero, and Kiwami), and provide recommendations. There are about 4 account types in XMTrading. We will explain the differences between each, but if you are a beginner, we recommend starting with the standard account. This is because the differences are often not well understood in the first place, and it is better to change the steel type if you are dissatisfied with it after actually using it.
- XMtrading
- XM basic information and features
- XM Account Types Overview
- Standard Account Features
- Micro Account Features
- Features of KIWAMI Goku Account
- Zero Account Features
- Comparison of trading conditions by account type
- How to change your XM account type
- XM Account Types FAQ
- Can I change my account type later?
- Which account is suitable for beginners?
- What is the difference between a Zero account and a KIWAMI account?
- Can I have multiple accounts?
- Can the bonus be used on all accounts?
- Does the minimum trading unit differ depending on the account?
- What happens to my bonus if I add an account?
- What are the recommendations for each account type?
- Related
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
XM basic information and features
We’ve compiled a detailed list of basic information and features about XM. Demo and real accounts are available, and you can access them from the website home page, view details, and freely choose the one that best suits your needs. XM is a popular broker both in Japan and overseas. Check out the latest information on their services.
Currently, partners can trade in the market with high leverage, stop loss, and minimize losses, from the US dollar to the Japanese yen, euro, and even Bitcoin.
Basic Information about XM
Company Name/Operator:
Trading Point Holdings Ltd. (operating under the XM brand)
World-renowned FX/CFD trading broker
Established:
2009
Headquarters:
Cyprus (European base)
Also has offices in Australia and the Seychelles
Financial Licenses:
Cyprus Securities and Exchange Commission (CySEC) license
Australian Securities and Investments Commission (ASIC) license
Seychelles Financial Services Authority (FSA) license
*The scope of regulation and customer protection vary depending on the license.
Trading Platforms:
Currency Pairs (FX): Major, Minor, and Exotic Currencies
Stock Indices
Precious Metals (Gold, Silver, etc.)
Energy Products (Crude Oil, Natural Gas)
Stock CFDs
Trading Account Types:
Micro Account: For small trades
Standard Account: For general account use
XM Zero Account: Minimum spreads and commission-based trading
Trading Platforms:
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Compatible with PCs, smartphones, and tablets
XM Features
Trading is possible with small amounts
Trading in micro lots (0.01 lots)
Easy for beginners
High leverage
Maximum leverage: 888x (varies by account type and regulations)
Large positions with small capital
Comprehensive bonus program
Account opening bonus: Free bonus for new accounts
Deposit bonus: Additional funds based on deposit amount
Loyalty program (cash back in XM points)
Zero cut system
No margin calls even if your account balance goes negative
Easy risk management
Wide range of trading products
Trade not only FX but also stocks and commodities
Invest in multiple products with one account
Spreads and fees
Standard account: Spreads are slightly wider, but no fees apply
XM Zero account: Spreads are narrower, but trading fees apply
Reliable support
Support available in Japanese
Available 24/7
XM Account Types Overview
Now, let’s take a look at the main account types at XM, summarizing their features and characteristics, including which traders and situations they are suited to.
🎯 XM’s main account types
XM mainly offers the following account types. Depending on the type, the trading unit, spread/fee, leverage, and bonus application availability will differ.
| Account Type Name | Features and Overview |
|---|---|
| Standard | 1 lot = 100,000 units Minimum trading unit: 0.01 lot (= 1,000 units) Minimum deposit: Starting at $5 Maximum leverage: Up to 1,000x No trading fees Spreads are “slightly wide” but stable. Eligible for new account opening bonuses, deposit bonuses, and loyalty programs (cashback, etc.). Suitable for a wide range of traders, from first-time XM users to beginners, intermediate traders, and advanced traders. |
| Micro | 1 lot = 1,000 units Some sources say the minimum trading unit is 0.01 units (10 units). Minimum deposit: Starting from $5 Maximum leverage: 1,000x No trading fees Fairly wide spreads. Eligible for bonus programs (account opening bonuses, etc.). Suitable for FX beginners and those looking to trade with low risk and small amounts of capital. However, due to the small amount of currency per lot, it may take some time to significantly increase your capital. |
| Zero | 1 lot = 100,000 units Minimum deposit: Starting at around $100, somewhat high. Maximum leverage: 500x Spreads are very narrow, sometimes listed as “0.0 pips and up.” However, in exchange for the narrow spreads, there is a per-lot trading fee (for example, $10 per round-trip lot). Bonuses (deposit bonuses and royalties) are often not applicable. Suitable for intermediate to advanced traders who engage in scalping, short-term trading, high-frequency trading, and those who want to keep costs down. |
| KIWAMI極 | XM’s “Kiwami” account. It is similar to the Zero account and is said to have narrower spreads. However, like the Zero account, it is often ineligible for deposit bonuses and loyalty programs. Depending on your trading style and goals, it is intended for people who prioritize cost reduction. However, it has fewer users than the Zero account, standard account, and micro account. |
✅ Which account type is suitable for whom?
- Small-Amount/Beginner/Test Trading → Micro Account
- → Ideal for those who want to limit risk with small currency units and gain experience while taking advantage of bonuses.
- Standard Trading/Getting Started → Standard Account
- → A good balance of trading volume and leverage, suitable for both beginners and advanced traders. Bonuses are also easily available, making this a recommended initial main account.
- Low-Cost Scalping/Frequent Trading → XM Zero Account or KIWAMI Account
- → Tight spreads and cost-effectiveness are key, making this an ideal choice for frequent trading and large volumes. However, be aware of fees and leverage limits.
🧮 Points to Note and Supplements
- Changing your account type cannot be done by “changing the type of an existing account,” but rather by opening an “additional account” with a different account type.
- The actual leverage you can use may be limited depending on the total deposit amount in your account and regulatory status. Be especially careful when investing large amounts of capital.
- Spreads are not always fixed; they fluctuate depending on exchange rate conditions, time of day, and market liquidity. If you are particularly concerned about “tight spreads,” you need to pay particular attention to the timing of your trades.
Standard Account Features
We will summarize the features of XM’s “XM Standard Account” based on the most up-to-date information possible.
🔹 Basic Components
- The currency amount per lot is 100,000 units.
- The minimum order unit is 0.01 lot (= 1,000 units), so you can trade with smaller positions.
- The maximum trading lot size is stated to be 50 lots for the entire account (however, this may vary depending on conditions and currency pairs).
- The trading platform is compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- A wide range of products are available, including not only FX currency pairs but also precious metals, stock indices, commodities, energy, CFDs, and cryptocurrencies (CFDs), among many other financial products.
💡 Trading terms and costs
- The maximum leverage is 1:1000 — allowing you to take relatively large positions even with a small amount of capital.
- There are no trading fees. The cost structure is simple, with costs determined solely by the spread.
- Spreads are variable, starting from approximately 1.0 pips for major currency pairs. Some sources suggest that average trading costs are around 1.8 pips for USD/JPY.
- Supports a variety of trading styles, including carrying over positions, trading a variety of stocks, EAs (automated trading), and scalping.
🎁 Bonus campaign support
- Standard accounts are eligible for XMTrading’s new account opening bonus, deposit bonus, and loyalty program (including XM point rewards).
- This means that even if you start with a small amount of capital, you can easily take advantage of bonuses to increase the efficiency of your trading funds, making this an account that is easy for beginners to intermediate traders to enter.
✅ Overall good balance
- While it doesn’t have any strict requirements such as “extremely low costs” or “minimal risk with ultra-small amounts,” it offers a good balance of leverage, trading costs, variety of symbols, and bonus support, making it suitable for a wide range of FX traders, from beginners to intermediate and advanced traders.
- This is the most popular account type with the most users at XM, and is the “standard account type” that many people choose first.
⚠️ Cautions and potential disadvantages
However, there are some areas where a standard account is not perfect:
- Although spreads start at 1.0 pips, the cost of spreads can become a bottleneck for ultra-short, frequent trades such as scalping. This is particularly different from the extremely narrow spreads offered by Raw/Zero accounts, which are commission-free.
- For those looking to trade very small amounts (e.g., in units of several hundred to several thousand currencies) with minimal risk, the 1,000 unit minimum specification may seem a bit large.
🎯 Who is the Standard Account suitable for?
The Standard Account is especially suitable for:
- Those new to FX and CFDs who want to start trading with confidence under the “Basic Terms”
- Those who want to try out various currency pairs and products with small to medium-sized funds
- Those who want to take advantage of bonuses and maximize capital efficiency through leverage
- Those who want to use automated trading (EA) or a medium- to long-term, or medium-frequency trading style
- Those who want to expand their trading volume in the future and want to start with a standard account specification
Micro Account Features
We will summarize the features of XM’s “Micro Account” based on the most recent information possible.
✅ Main specifications/features of Micro accounts
- 1 lot = 1,000 units
- → Allows trading in units significantly smaller than the standard lot (100,000 units for a Standard account).
- Minimum trading unit
- MT4 allows trading from 0.01 lots (= 10 units).
- (However, minimum lots may vary slightly depending on the platform and currency pair.)
- Minimum deposit: Account opening/use starts from $5.
- Maximum leverage: Up to 1:1000. Opportunity to take relatively large positions even with small capital.
- No trading fees — costs are primarily spreads.
- Spreads: Variable. Relatively average spreads, with major currency pairs listed as starting at 1 pip.
- Wide range of products and instruments: In addition to FX currency pairs, you can trade the same products as a Standard account, including precious metals, stock indices, commodities, and CFDs (including cryptocurrencies in some cases).
- Bonus eligibility: Eligible for XM’s various bonus programs, including account opening bonuses, deposit bonuses, and loyalty programs (point redemption).
- Flexibility in maximum/minimum trading volume: You can start with very small transactions as needed, and can also handle relatively large lots (up to 100 lots, although the actual currency amount is equivalent to 1/100 the size of a standard account).
🎯 Who is a Micro account suitable for and how to use it?
- Beginners who are new to FX or CFD trading and want to get used to “real trading” with a small amount of money — You can enter with a small number of currencies and a small capital, allowing you to learn while minimizing risk.
- People who want to try out trading but have a smaller/less capital — You can start from just $5, so the barrier to entry is low.
- Testing new trading methods, strategies, or EAs (automated trading) — You can try them out with small lots, allowing you to verify them in a real environment while minimizing risk.
- People who want to trade while taking advantage of bonuses and keeping costs down — The bonus system and no fees will come in handy.
- People who want to carefully manage their capital and risk — A 1 pip fluctuation has a small impact on profits and losses, making it easy to avoid large drawdowns.
⚠️ Points to note and potential disadvantages
- Because trading is done in small amounts and lots, aiming for big profits requires a large trading volume or long-term management — it is difficult to achieve large profits all at once.
- Although spreads start at a minimum of 1 pip, costs (differences in spreads) can easily add up when making numerous small trades such as scalping.
- With very small amounts and small lots, it is difficult to see any tangible profits — they tend to remain based on experience, practice, and small profits.
- Be careful not to confuse these accounts with standard or zero accounts, as the names of products in the account will be written as “micro.”
Features of KIWAMI Goku Account
We will summarize the features of XM (XMTrading)’s “KIWAMI Account” based on the latest information, including the differences with other account types and the advantages and disadvantages.
✅ Main specifications and features of the KIWAMI Goku Account
| project | content |
|---|---|
| Amount of currency per lot | 100,000 units (same as Standard/Zero accounts) |
| Minimum trading unit | Trading is possible from 0.01 lot = 1,000 units |
| Maximum Leverage | Up to 1,000 times (subject to restrictions such as deposit amount) |
| Transaction fees | Free (spread only) |
| Spreads / Trading Costs | The spread is relatively narrow (minimum 0.6 pips). This makes it easy to keep average costs low for the dollar/yen pair. |
| Swap (interest rate adjustment amount) | Some stocks are swap-free (meaning swaps are unlikely to occur even if you hold a position for a long period of time) |
| Range of stocks available | We can handle almost the full range of products, including currency pairs, precious metals, CFDs (stock indexes, commodities, energy, etc.), and cryptocurrency CFDs. |
| Bonus applied | Account opening bonuses are available. However, deposit bonuses and loyalty programs (such as XMP point rewards) are not eligible. |
🎯 Traders who are suitable for the KIWAMI Goku account / When to use it
- Those looking to trade with low trading costs
- → Tight spreads and no commissions make this a cost-conscious option.
- Those looking to take large positions with high leverage
- → Maximum leverage of 1,000x allows for large trades even with small capital.
- Those primarily engaged in scalping/short-term trading
- → Tight spreads and low trading costs make it easy to keep costs down with scalping, which involves multiple trades in a short period of time.
- Those looking to avoid swap burdens/hold medium- to long-term positions
- → With some swap-free stocks, you can hold your positions for days or weeks without worrying about swap costs.
- Those looking to trade a diverse range of stocks
- → In addition to FX currency pairs, you can trade a wide range of products, including precious metals, stock indices, CFDs, and cryptocurrency CFDs, making it easy to diversify your portfolio.
⚠️ KIWAMI Goku Account Precautions, Disadvantages, and Restrictions
Limited Bonuses
Deposit bonuses and loyalty programs (XMP rebates) are not eligible. → If bonuses are a priority, a Standard account is more advantageous.
If you transfer bonuses earned with a Standard account or other account, the bonus may be lost.
Swap-free is only available for some products.
Not all currency pairs and products are swap-free. Check carefully, especially for currency pairs where swaps are important.
Be careful not to select the wrong product with a “#” symbol.
KIWAMI-exclusive products, such as currency pairs and precious metals, are displayed with a “#” symbol. Therefore, accidentally selecting a standard product may result in wider spreads or different conditions.
Zero Account Features
Now, let’s summarize the features of XM’s “ZERO Account” using as recent information as possible.
✅ Main specifications and features of the Zero account
- Trading Unit: 1 lot = 100,000 units. Minimum trading volume is 0.01 lots (1,000 units).
- Maximum Leverage: Up to 500x.
- Spreads: Very tight—major currency pairs sometimes advertise spreads as low as 0.0 pips.
- Commissions: In addition to the spread, there is a trading fee. Typically $5 per lot one way. Round-trip costs $10 per lot.
- Bonuses/Perks: Generally, only account opening bonuses are applicable. Deposit bonuses and loyalty programs (point rewards) are not applicable.
- Products: Primarily limited to FX currency pairs and certain precious metals (such as gold and silver). Stock indices, commodities, and cryptocurrency CFDs may be excluded or subject to restrictions.
- Trading Method: ECN/NDD (non-dealing desk) method. This differs from STP-type standard/micro accounts.
🎯 Traders who are suitable for the Zero account/when to use it
The Zero Account is especially suitable for:
- Those who engage in short-term, high-frequency trading such as scalping — The very narrow spreads are advantageous for those who want to buy and sell in small increments while keeping costs down.
- Those who want a transparent understanding of trading costs as “spread + commission” — The simple and easy-to-understand cost structure is advantageous for planned trades.
- Those who mainly trade FX currency pairs/gold/silver — The Zero account specializes in these and does not support/has restrictions on other CFDs.
- Those who can prepare a fairly large amount of capital — Although the leverage is 500x, it is not 1,000x like the Standard/Micro account, so it is suitable for those who can properly manage margin and risk.
⚠️ Zero Account Precautions, Disadvantages, and Restrictions
However, there are some things to note about the Zero account:
- Fees apply — Even with tight spreads, round-trip fees are incurred, so frequent trades can add up to costs.
- Few bonuses or cashback benefits — Deposit bonuses and trading points are not applicable, making this a disadvantage for those who prioritize bonuses.
- Limited product selection — Mainly currency pairs and some precious metals. Not suitable for those looking to trade a diverse range of products, including stock CFDs, commodities, and cryptocurrencies.
- Leverage is limited to 500x — This is somewhat modest compared to the 1,000x offered by other account types. This may not be enough for those seeking extremely high leverage.
Comparison of trading conditions by account type
Let’s compare XM’s main account types (Micro Account / Standard Account / KIWAMI Account / Zero Account) in a table, focusing on their trading conditions. The numerical values for the conditions are “typical examples” and “general guidelines,” and the actual spreads will vary depending on the market conditions and currency pairs.
📊 Comparison of trading conditions by account type
| item | Micro | Standard | KIWAMI極 | Zero |
|---|---|---|---|---|
| Amount of currency per lot | 1,000 currency units | 100,000 currency units | 100,000 currency units | 100,000 currency units |
| Minimum trading unit | 0.01 lot (= approximately 1,000 x 0.01 = 10 units) — for MT4 | 0.01 lot (= 1,000 units) | 0.01 lot (= 1,000 units) | 0.01 lot (= 1,000 units) |
| Maximum Leverage | Maximum approximately 1:1000 | Maximum approximately 1:1000 | Maximum approximately 1:1000 | Maximum approx. 1:500 (lower than others) |
| Spread (approximate/minimum) | Per “1 pip~” (standard) | Per “1 pip~” (standard) | Around 0.6 pips (relatively narrow) | Sometimes they advertise “0.0 pips” (very narrow) |
| Sometimes they advertise “0.0 pips” (very narrow) | free | free | free | There is a round-trip fee (e.g., approximately 10 USD per lot) |
| Minimum deposit amount | 5 USD is equivalent to ~ | 5 USD is equivalent to ~ | 5 USD is equivalent to ~ | Starting at 5 USD (some sources say starting at 100 USD) |
| Bonus and special offers | Eligible for account opening bonuses, deposit bonuses, point rewards (XM points), etc. | Same as above (bonus system available) | Account opening bonuses are applicable. However, deposit bonuses and loyalty programs may not be applicable. | Account opening bonuses are included, but there is a lot of information that says deposit bonuses and point systems are not included (or are weaker). |
| Transaction Method | STP/NDD type (no dealer involvement) | STP／NDD | STP／NDD | ECN |
Micro Account
✅ Strengths
Starting with a very low capital requirement (minimum deposit of USD 5 or more) makes it ideal for beginners looking to learn FX with minimal risk.
High leverage, up to 1:1000. Large positions possible even with a small capital.
⚠️ Notes
The amount of currency per lot is small. Aiming for large profits requires frequent trades.
Spreads are not particularly tight, so small trades can be relatively costly.
Standard Account
✅ Strengths
This is the most “standard” account with balanced terms (spreads, fees, leverage, and minimum deposits). Suitable for most traders.
Bonus programs (deposit bonuses and point rewards) are also available—accommodating small to medium-sized trades.
⚠️ Notes
Although the spreads are “tight,” they may be a bit pricey for extremely cost-sensitive trades, such as scalping.
KIWAMI polar account
✅ Strengths
Relatively narrow spreads (e.g., starting from 0.6 pips) and no commissions. Cost-effective.
Maximum leverage of 1:1000 and specifications similar to Standard/Micro allow for a wide range of trading.
⚠️ Notes
Conditions, such as swaps (interest rate adjustments for long-term holdings), may vary depending on the product—check in advance.
Bonuses and perks (especially deposit bonuses and point rewards) are likely to be excluded or limited.
Zero Account
✅ Strengths
Very narrow spreads (starting from 0.0 pips) and an ECN trading system provide high execution power and cost transparency. Suitable for short-term trading (scalping) and high-frequency trading.
⚠️ Notes
A fee is charged for each trade (approximately $10/lot round-trip). Costs other than the spread must be carefully considered.
Maximum leverage is 1:500, which is more modest than other accounts. Other accounts are more advantageous for those seeking higher leverage.
No (or limited) bonus or point programs available — a disadvantage for those prioritizing bonuses.
How to change your XM account type
XM (XMTrading) does not allow you to directly “change” your existing account type. If you want to change your account type, you will need to open a new account and use that. The steps are as follows:
Log in to your XM My Page (member page)
- Log in from the official website.
- After logging in, go to the “Member Page” or “My Account Management” screen.
Proceed to the additional account opening form
- Click the “Add Account” or “Open an Additional Account” button.
- The account type selection screen will appear, so select your desired account type (Micro/Standard/Zero/KIWAMI Account).
- You can also set the platform (MT4/MT5), account currency (JPY/USD/EUR, etc.), and leverage.
Enter the required information
- You can use the same information as your existing account, such as your name, email address, and address.
- Choose your desired leverage and account currency settings.
New account opening completed
- After submitting, a new account will be created on the XM side.
- Additional account information (account number, server name, login information) will be issued, so please keep it safe.
Transfer existing funds (if necessary)
You can transfer funds between accounts from My Page.
Example: When transferring funds from a Standard account to a Zero account, be careful about how you handle your bonus balance.
Zero accounts/KIWAMI accounts are not eligible for bonuses, so the bonus balance may disappear after the transfer.
Start trading
- Register your new account information on MT4/MT5 and start trading.
- By using multiple accounts, you can optimize your account for different purposes (scalping, small trades, bonus utilization).
⚠️ Points to note
- Existing accounts cannot be changed.
- → Open a new account and use it as a separate account.
- Bonus/Loyalty Handling
- → Bonuses are not available for Zero and KIWAMI accounts. Bonuses from existing accounts may be lost if transferred.
- Multiple Account Management
- → You can add up to 8 accounts on your My Page (any combination of Micro/Standard/Zero/KIWAMI).
XM Account Types FAQ
We have compiled a list of frequently asked questions (FAQs) from users regarding XM (XMTrading) account types. We have compiled information that beginners to intermediate traders are likely to have questions about.
Can I change my account type later?
- A: You cannot directly modify an existing account.
- If you want to use the account type you want, you will need to open an additional account.
- You can open up to eight additional accounts.
Which account is suitable for beginners?
- For beginners: Micro or Standard accounts.
- The Micro account has a small minimum lot size, allowing you to start with a small amount and making risk management easier.
- The Standard account allows you to take advantage of bonuses and has a wider range of trading options, making it suitable for “standard trading.”
What is the difference between a Zero account and a KIWAMI account?
| project | Zero | KIWAMI極 |
|---|---|---|
| Spread | Very narrow (0.0 pips and up) | Relatively narrow (approximately 0.6 pips) |
| commission | Round trip: approximately 10 USD/1 lot | free |
| Bonus support | Account opening bonus only | Only some bonuses (deposit bonuses and points are not included) |
| Suitable person | Emphasis on scalping and short-term trading | Those who want to trade a wide range of products with a focus on cost |
Can I have multiple accounts?
- Yes. XM allows you to have up to 8 accounts.
- You can freely combine account types (Micro + Standard + Zero, etc.).
- You can also transfer funds between accounts, but be careful about how bonuses are handled.
Can the bonus be used on all accounts?
- Standard Account/Micro Account: Account opening bonuses, deposit bonuses, XMP point rewards, etc. are available.
- Zero Account/KIWAMI Account: Account opening bonuses are eligible, but deposit bonuses and loyalty points are not. Can it be used on all accounts?
Does the minimum trading unit differ depending on the account?
| Account Type | Minimum lot size | Minimum trading volume |
|---|---|---|
| Micro | 0.01 | Approximately 10 currencies |
| Standard | 0.01 | 1,000 |
| KIWAMI極 | 0.01 | 1,000 |
| Zero | 0.01 | 1,000 |
What happens to my bonus if I add an account?
- Deposit bonuses on Standard/Micro accounts may disappear if you transfer funds to a Zero account or KIWAMI account.
- If you are planning to use a bonus, it is important to check the conditions for each account.
What are the recommendations for each account type?
- Small amounts/Beginners: Micro Account
- Balanced/Bonus Utilization: Standard Account
- Cost-conscious/Experienced: KIWAMI Goku Account
- Scalping/Short-term Trading: Zero Account
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