We will thoroughly introduce and explain the features, advantages, disadvantages, spreads, trading specifications, recommendations, and precautions of XM’s KIWAMI Kiwami account. KIWAMI Koku account is a new account that appeared in October 2022. The KIWAMI Kiwami account is an easy-to-use account with narrow spreads, swap-free, and no transaction fees, but it also has disadvantages. Therefore, I would like to introduce both the advantages and disadvantages.
- XMtrading
- XM Overview and Features
- What is the KIWAMI Extreme Account? Comparison with Other Account Types
- Features of the KIWAMI Extreme Account
- Detailed Specifications of the KIWAMI Account (For Practical Use)
- Advantages and Disadvantages of Trading with a KIWAMI Account
- How to Open a KIWAMI Account
- Frequently Asked Questions about the KIWAMI Extreme Account
- Q1. Who is the KIWAMI Extreme Account ultimately for?
- Q2. What is the biggest advantage of the KIWAMI Extreme Account?
- Q3. What are the disadvantages of the KIWAMI Extreme Account?
- Q4. What is the maximum leverage for the KIWAMI account?
- Q5. Is the KIWAMI account swap-free?
- Q6. Is gold (XAUUSD) compatible with the KIWAMI account?
- Q7. Can I trade cryptocurrencies (such as Bitcoin)?
- 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 Overview and Features
XMTrading (commonly known as “XM”) is an overseas broker primarily dealing in FX and CFDs.
XM Overview
XMTrading advertises on its Japanese website that it offers over 1,400 instruments, including FX, gold, crude oil, stock indices, stock derivatives, and cryptocurrency CFDs. The Japanese member page also shows that it serves over 1 million traders and displays regulatory information for Tradexfin Limited (Seychelles FSA) / Fintrade Limited (Mauritius FSC).
In short, XM is a broker that allows you to trade multiple categories with a single account, not just “foreign exchange.”
1) Very Wide Range of Products
One of XM’s major features is that it offers a wide range of products beyond just FX.
Trading targets mainly include:
FX (Foreign Exchange)
Gold and Silver
Crude Oil and Natural Gas
Stock Indices
Stock Derivatives
Cryptocurrency CFDs
and more. Especially for the Japanese market, the ease of managing cryptocurrency CFDs and crude oil within a single environment is a major advantage.
2) Multiple Account Types for Easy Selection
XM offers four account types for the Japanese market. XMTrading Labo introduces Standard, KIWAMI Extreme, Micro, and Zero.
Roughly speaking:
Standard Account: Balanced. Safe for beginners.
Micro Account: Suitable for small-amount practice.
KIWAMI Extreme Account: For those prioritizing cost and conditions.
Zero Account: Emphasizes low spreads, but has peculiarities in fees and target instruments.
This is the general idea.
3) High Leverage, Easy to Start with Small Amounts
XM’s Japanese homepage advertises a maximum leverage of 1000:1.
This means that it’s easier to take positions even with relatively small capital.
Advantages
Easy to start with a small amount
Easier to improve capital efficiency
However, caution is advised
This is quite important:
High leverage does not mean “easier to earn,” but rather “easier to amplify losses.”
4) Strong bonuses and campaigns
XM has long been known for its strong account opening bonuses and deposit bonuses. XMTrading Labo for Japan offers a 15,000 yen account opening bonus upon completion of identity verification, and the official website also has bonus-related FAQs and campaign information.
This is a major weapon for XM’s customer acquisition.
Advantages
Easy to start with limited capital
Easy for beginners to try out the trading environment
Points to note
However, bonuses may not be “withdrawable cash,” so you should always check the conditions.
5) Compatible with MT4, MT5, and WebTrader
XM is compatible with MT4 / MT5 / WebTrader. Official usage guides for smartphones, PCs, Macs, iPhones, and Android devices are also available.
This is quite practical,
Analyze on your PC
Check on your smartphone
Place orders while you’re out and about
This makes it easy to use in this way.
Especially beneficial for beginners:
You can use world-standard trading tools
Learning is easily transferable even if you switch to another company
This may seem minor, but it becomes more significant the longer you use it.
6) Relatively comprehensive Japanese support and guides
XMTrading Labo offers a considerable amount of Japanese guides, glossaries, operation instructions, and market information. Furthermore, their Japanese-language guides offer 24-hour Japanese support on weekdays.
This is a strength of XM for beginners.
Suitable for:
Those new to overseas forex trading
Those unsure about English UIs
Those prone to stumbling not only in trading but also in settings
In short, XM is designed to be “easier for Japanese people to get into” among overseas forex brokers.
What is the KIWAMI Extreme Account? Comparison with Other Account Types
The KIWAMI Extreme Account is an account type within XMTrading that prioritizes “low costs.”
In short, it’s a “practical account for intermediate to advanced traders” that isn’t as commission-focused as the Zero Account, but offers significantly lower costs than the Standard Account.
Main Features of the KIWAMI Extreme Account
Relatively narrow spreads
No trading fees
Maximum leverage of 1,000x
In XM-related explanations, the KIWAMI Extreme Account is highlighted for its “low spreads x no fees.” The maximum leverage is also the same as the Standard/Micro Accounts at 1,000x.
Who this is suitable for:
Those who want to minimize spreads as much as possible
But also want to avoid Zero account transaction fees
Those who want to engage in short-term trading or day trading
Those who want to trade not only FX but also gold and some CFDs
Those who want lower transaction costs than the Standard account
Conversely,
It’s not necessarily the top priority for beginners who want to try it out primarily for bonuses.
Differences between the 4 Account Types
To put it simply, here’s the general idea. The following list summarizes the average factors such as swap points, effective spreads, and whether scalping is possible. While all of these have risks, this account is also one where losses are easier to minimize. KIWAMI’s program incurs round-trip costs, but it’s recommended for those who want to utilize it. It supports both swing trading and day trading.
| 口座タイプ | ざっくり特徴 | 向いている人 |
|---|---|---|
| スタンダード | バランス型・万能 | 初心者〜中級者 |
| マイクロ | 超少額向け | 練習したい人 |
| KIWAMI極 | 低コスト・手数料無料 | コスト重視の実用派 |
| Zero | 最狭スプレッド寄り・手数料あり | 短期売買・細かいコスト管理派 |
Standard Account
The Standard account is the safest option among XM’s accounts.
Features
Good compatibility with bonus programs
Wide range of usability
Suitable for beginners
However, spreads tend to be slightly wider
KIWAMI Extreme Account
On the other hand, the KIWAMI Extreme account is for those who:
Want narrower spreads
But don’t want to pay trading fees
To put it simply:
Standard → Emphasis on ease of use
KIWAMI Extreme → Emphasis on cost
That’s the difference.
Micro Account
The Micro account is for small-scale practice.
Features
Small trading unit per lot
Easy to try with small amounts
Suitable for practice and testing
In XM’s demo and account guide, the Micro account is described as being designed to be easy to start with 10 currency units.
Zero Account Features
The Zero account is XM’s most “professional-oriented” low-spread account.
Key Features
Spreads are quite narrow.
However, there are trading fees.
Maximum leverage is 500x.
Account conditions are somewhat unique.
In XM-related explanations, the Zero account is positioned as a minimum spread x commission system, and the maximum leverage is stated as 500x.
Features of the KIWAMI Extreme Account
XMTrading’s KIWAMI account is a practical account designed for real trading, offering low costs, no commissions, and high leverage. Check out the system now and see if your trading strategy works. Currently, it boasts one of the smallest spreads in the industry, making it one of the recommended accounts. You can check it on your My Page from the company’s homepage. It offers incredibly low costs and adapts to various trading styles.
Key Specifications of the KIWAMI Extreme Account
Account Type: Low-Cost Focused Account
Supported Platforms: MT4 / MT5
Maximum Leverage: 1,000x
Trading Commission: Free
Minimum Deposit: Equivalent to $5
Hedging: Available
Maximum Number of Open Positions: 200 positions (including pending orders)
Minimum Trade Size: Varies depending on the instrument and platform
Account Currency: Primarily JPY / USD / EUR for Japanese users
EA (Expert Advisor): Available
Stop-Loss / Margin Requirements: Complies with XM’s common rules
1) No Trading Commission
This is its biggest feature.
While the Zero Account is designed to have low spreads but incurs trading commissions,
the KIWAMI Extreme Account’s strength lies in its “no commission” and low-cost approach.
Therefore, it is quite suitable for people who don’t want to do detailed fee calculations.
2) Narrower Spreads Than Standard
The KIWAMI account is designed to have lower effective costs than the Standard account.
For example, XMTrading Labo’s comparison shows the following minimum spread examples:
USDJPY: KIWAMI 1.2 pips / Zero 0.2 pips / Standard 2.5 pips
EURJPY: KIWAMI 1.0 pips / Zero 0.2 pips / Standard 1.6 pips
GOLD: KIWAMI 1.6 pips / Zero 1.4 pips / Standard 2.7 pips
These are some of the differences shown.
In other words, while KIWAMI isn’t as extreme as Zero, it’s quite practically low-cost. Note that spreads constantly fluctuate, so these are not fixed values but estimates.
3) Maximum 1,000x Leverage
The KIWAMI Extreme account offers the same maximum leverage of 1,000x as the Standard/Micro accounts.
On the other hand, the Zero account offers a maximum leverage of 500x, so the KIWAMI Extreme account is advantageous in terms of margin efficiency in some situations.
4) MT4/MT5 Compatibility
The KIWAMI Extreme account is available for both MT4 and MT5.
XM’s official website states that each account type is configured to be usable in MT4/MT5 and mobile/WebTrader environments.
In other words, what you can do:
Analyze on your PC
Check on your smartphone
EA (Expert Advisor) trading
Use indicators
Combination of discretionary trading and automated trading
This flexibility is quite strong.
5) Hedging Possible
The KIWAMI Extreme account allows for hedging (holding both long and short positions).
This is an important specification listed as a common condition for Micro/Standard accounts on XM’s official account type page.
People who are suited to hedging
Those who use martingale strategies
Those who want to manage both long and short positions
Those who want to temporarily offset positions
However, excessive hedging can complicate money management, so
beginners should simply remember that it’s “usable.”
6) Good compatibility with automated trading (EA)
XM clearly states access to EA trading on its official page, and the KIWAMI Extreme account is included.
The reasons why KIWAMI Extreme is often considered suitable for EAs are simple:
Relatively narrow spreads
No commissions
High margin efficiency with a maximum leverage of 1,000x
It is especially compatible with short-to-medium-term logic EAs,
and EAs focused on gold and major currency pairs.
However, for ultra-short-term scalping EAs, Zero may be more suitable in some cases.
Detailed Specifications of the KIWAMI Account (For Practical Use)
From here, we will summarize the important conditions for actual use.
1) Minimum Deposit
According to XM’s official account type guide, the minimum deposit is equivalent to $5.
This is one of XM’s overall features that makes it “easy to start with a small amount.”
Practical Perspective
Opening an account is easy.
However, in actual trading, if you have too little disposable income, leverage management becomes difficult.
Therefore,
It’s better to consider the “minimum amount required to open an account” and the “actual funds you can use to trade” separately.
2) Maximum Number of Open Positions
XM’s official account type page states a maximum of 200 positions (including pending orders).
What does this mean?
You can hold multiple currency pairs simultaneously.
It supports multiple EA (Expert Advisor) operations to some extent.
It’s easy to split entries.
For the average individual trader, 200 positions are almost never insufficient.
3) Trading Unit (Lot)
The lot size for the KIWAMI Extreme account is basically similar to the “standard lot” of the Standard account.
It’s not specialized for ultra-small amounts like the Micro account, but rather a size suitable for practical trading. In XM’s comparison explanation, you can see that for Gold, 1 lot = 100 oz, similar to the Standard account.
Rough Understanding
Micro → For ultra-small practice
KIWAMI Extreme → For trading with actual lot sizes
Therefore,
if a complete beginner wants to “get used to ultra-small amounts,” Micro is easier to start with.
4) Minimum Trade Size
The minimum trade size varies depending on the instrument and MT4/MT5 platform,
so it’s safer not to assume that “it’s all the same 0.01 lot.”
In fact, XMTrading Labo’s Gold condition comparison shows differences in minimum lot sizes depending on the account type and platform.
Important Practical Tips
Before entering a trade, always
check the “Specification of that instrument” in MT4/MT5 or the member page.
Main Products Offered
FX Currency Pairs
Gold / Silver
Energy (Crude Oil, etc.)
Stock Indices
Selected Stock Derivatives
Cryptocurrency CFDs
Advantages and Disadvantages of Trading with a KIWAMI Account
XMTrading’s KIWAMI account is a very user-friendly, low-cost account, but it’s not ideal for everyone.
Advantages of Trading with a KIWAMI Account
1) Significantly Lower Trading Costs
This is the biggest advantage.
The KIWAMI account has narrower spreads than the Standard account, and trading fees are free.
2) Free and Easy-to-Understand Trading Fees
This may seem minor, but it’s quite significant.
While the Zero account boasts low spreads, it’s difficult to understand the true cost without considering the total cost including fees.
3) Flexible Leverage of up to 1000x
The KIWAMI account officially supports a maximum leverage of 1000:1.
This is equivalent to the Standard/Micro account and higher than the Zero account (maximum 500x).
4) Compatible with both MT4 and MT5
The KIWAMI account is compatible with both MT4 and MT5.
XM’s official website also states that each account type can be used in a wide range of environments, including PC, smartphone, and WebTrader.
5) Advantageous swap rates for some major currencies and precious metals
XM’s explanations often highlight the KIWAMI account’s characteristic of being “closer to swap-free for major currency pairs and precious metals.”
Therefore, it can be easier to keep costs down not only for short-term trading but also for trades held for several days to several weeks.
Disadvantages of trading with a KIWAMI account
1) Disadvantageous in terms of deposit bonuses and points
This is a significant disadvantage.
XM’s comparison information also categorizes the KIWAMI account as an account that is less likely to be eligible for deposit bonuses and XMP (loyalty benefits).
2) Not “all-encompassing” in terms of tradable instruments
While the KIWAMI account is convenient, it is not strong in all tradable instruments.
In comparisons with other XM accounts, the KIWAMI account is primarily strong in:
FX
Cryptocurrency CFDs
Precious Metals
However, it is weaker in/often excluded from commodities, stock indices, and energy. XM’s official account type and product pages also separate product categories.
3) It’s difficult for complete beginners to understand its “advantages.”
This is a very real weakness.
The strengths of the KIWAMI account are:
Spread
Commissions
Swap conditions
Total cost
These are points that become more significant for those with some experience.
4) It’s easy to misunderstand “swap-free” as “completely free.”
This requires careful attention.
While the KIWAMI account gives a strong impression of being “swap-free,”
in reality, there are differences depending on the instrument, holding direction, and conditions.
Even XM’s official website separates the conditions pages for each cryptocurrency and product, showing that they are not uniform.
5) For ultra-short-term scalping, Zero may be a better fit.
KIWAMI Extreme is quite excellent, but
“Thoroughly managing differences of less than 1 pip”
How to Open a KIWAMI Account
Even if you already have an XM account, you can easily open an XMTrading KIWAMI account as an “additional account.”
For those new to XM, the process is: “Open a New Account → Identity Verification → Select KIWAMI.”
Step 1: Proceed to the account opening page from the official website
Go to the registration page from the “Open an Account” button on the XMTrading official website.
The XM official account type guide also lists Micro / Standard / KIWAMI Extreme / Zero accounts.
Step 2: Enter basic information
The following information is mainly required:
Main input items
Name (Roman alphabet)
Country of residence
Phone number
Email address
Date of birth
Address
Investment experience and financial information
Password setting
This is almost the same as opening a typical overseas FX account.
Important points
Mistakes in input here can easily cause discrepancies during subsequent identity verification.
Particular attention should be paid to:
Address notation
Name (Roman alphabet)
Email address
Phone number
Step 3: Select “KIWAMI Extreme” as the account type
This is the most important step.
When selecting an account type at XM, you typically choose from the following:
Standard
Micro
KIWAMI Extreme
Zero
XMTrading Labo’s account comparison also lists four account types.
Step 4: Choose your platform (MT4 / MT5)
Next, choose your trading tool.
Options:
MT4
MT5
According to XM’s official website, the KIWAMI Extreme account supports both MT4 and MT5.
Step 5: Choose your account currency
Next, choose the base currency of your account.
Main options:
JPY (Japanese Yen)
USD (US Dollar)
EUR (Euro)
If you reside in Japan, a JPY account is generally the easiest to use initially.
This is because profit/loss and deposit/withdrawal figures are easier to understand.
Complete identity verification (KYC)
Failure to complete this step will likely result in restrictions on actual use.
XM typically requires the submission of
identity verification documents + proof of address
Frequently Used Documents
Identity Verification Documents
Driver’s License
My Number Card
Passport
Address Verification Documents
Utility Bill Statements
Bank/Credit Card Statements
Resident Registration Documents
etc.
Frequently Asked Questions about the KIWAMI Extreme Account
This FAQ summarizes frequently asked questions about XMTrading’s KIWAMI Extreme Account, focusing only on points that are often confusing, in an easy-to-understand format.
Q1. Who is the KIWAMI Extreme Account ultimately for?
A. It’s for people who want to lower their trading costs.
It’s especially suitable for:
People who frequently trade FX
People who trade a lot of gold
People who frequently day trade or engage in short-term trading
People who find the Zero Account’s commission system inconvenient
Q2. What is the biggest advantage of the KIWAMI Extreme Account?
A. It’s the combination of low spreads and zero trading commissions.
This is a significant advantage.
For example, within XM:
Standard → Easy to understand, but costs are slightly higher
Zero → Even lower spreads, but with commissions
KIWAMI Extreme → Lower cost + commission-free
Q3. What are the disadvantages of the KIWAMI Extreme Account?
A. This is a point that may be disadvantageous for those who prioritize bonuses and perks.
The KIWAMI account is more accurately understood as an “account that lowers regular trading costs” rather than an “account that benefits from campaigns.”
Q4. What is the maximum leverage for the KIWAMI account?
A. It is a maximum of 1000x.
XM’s official website and XMTrading Labo state that the maximum leverage for the KIWAMI account is 1000:1.
This is the same as the Standard/Micro account and higher than the Zero account (500x).
Q5. Is the KIWAMI account swap-free?
A. There are “no swap fees” for some eligible products. However, it is not “all.”
While XM’s official account type page states that the KIWAMI account has “no swap fees”**, this is subject to a footnote and conditions.
In other words, it is dangerous to assume that it is completely and uniformly free for all instruments and all holding conditions.
Q6. Is gold (XAUUSD) compatible with the KIWAMI account?
A. Yes, it’s a very good match.
XMTrading Labo states that gold can be traded swap-free with a KIWAMI account.
Therefore, it tends to be quite popular with people who:
hold gold overnight
trade it in the short to medium term
want to minimize costs
Q7. Can I trade cryptocurrencies (such as Bitcoin)?
A. Yes, you can.
XM officially offers cryptocurrency CFDs, and these products can be traded with a KIWAMI account.
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