I think there are a lot of people who are worried about what account type to use when opening an account with XMTrading. There are zero accounts and micro accounts, but the standard account is the most recommended. The standard account is a trial account type that is highly recommended for beginners and those new to XMTrading. Since you can open multiple accounts, you can also create other account types even after opening one. The feature is that the leverage is 1000 times.
Features of standard account at XMTrading
The features of the standard account are as follows. The pips range is very wide compared to Goku KIWAMI etc. However, it is possible to add additional accounts, and this account is used by the most users and is also very popular among those with no investment experience. Bonuses and campaigns are applied, and all can be held and used as margin. We offer a wide selection of products, including FX currency pairs, precious metals, energy, virtual currencies, stocks, and stock indexes.
trading platform | MT4・MT5 |
---|---|
Ordering method | No dealing desk OTC method |
base currency | Japanese Yen, US Dollar, Euro |
Maximum leverage | 1000 |
transaction fee | free |
Minimum deposit amount | $5 |
Amount of currency in 1 lot | 100,000 currency |
Minimum order quantity | 0.01 lot |
Maximum number of orders | 50 lots |
merchandise | FX currency pairs: 55 Precious metal CFD: 4 Stock Index CFD: 24 Commodity CFDs: 8 Energy CFD: 5 Cryptocurrency CFDs: 31 |
Loss cut level | 20% |
Zero cut method | Applicable |
Bonus | 〇 |
You can open an account here. Identity verification is required, and personal information and ID proof must be submitted. The disadvantage is that some spreads are wide, making it easy to incur losses. You can also participate in limited-time campaigns. We are also licensed by the Seychelles Financial Services Authority, so you can trade with confidence.
If you are new to XM, standard account
If you are new to XM Trading, or if you are new to trading in the first place, we recommend the Standard account. There is a reason for this, and the bonuses are very substantial. If you are a beginner, you will not be able to win the first trade. However, by replenishing the bonus, there is a feature that it is difficult to lose the full amount. Therefore, it is an account type that has a very strong meaning as a trial account. And the Standard account is the most opened account type at XM.
Maximum leverage 1000 times
The standard account has a maximum leverage of 1000 times. With a small amount of capital, you can manage a large amount of money. However, although it is easy to accumulate profits by saying that leverage is large, the speed of losing money will also be faster. Let’s trade with proper lot. It is good to keep 1% to 2% of the total capital as a loss cut amount.
wide spread
Standard accounts tend to have wider spreads. This is clearly wider than other account types. KIWAMI account is recommended because it is not suitable for those who mainly use scalping.
KIWAMI | Standard | Zero | |
USD/JPY | 0.85 | 1.60 | 1.10 |
EUR/JPY | 1.41 | 2.35 | 1.45 |
GBP/JPY | 2.31 | 3.73 | 2.33 |
AUD/JPY | 1.36 | 3.52 | 2.52 |
NZD/JPY | 2.04 | 3.41 | 3.41 |
EUR/USD | 0.76 | 1.69 | 1.06 |
GBP/USD | 1.06 | 2.43 | 1.46 |
AUD/NZD | 2.16 | 3.77 | 3.25 |
AUD/USD | 1.19 | 1.71 | 1.35 |
The following article summarizes why the standard account has a wide spread. There is a reason and connection with many bonuses.
More than 127 types of abundant brands
The standard account can trade a wide range of 127 stocks. Starting with foreign exchange, stocks, virtual currencies, and even energy have become abundant stocks. Stock indices, commodity futures, and cryptocurrency CFDs are swap-free, and there are no commissions.
Minimum lot and maximum lot
Standard accounts can have from 0.01 lot to 50 lots. However, if you want to enter more lots instantaneously, a micro account is recommended. Micro accounts have a maximum lot size of 100. Regarding the minimum lot size, there is no difference between any account types.
Accept all bonuses
Standard accounts are eligible to receive all bonuses offered by XM.
Bonus | KIWAMI | Standard | Zero |
account opening | 13000 | 13000 | 13000 |
100% deposit | × | ~$500 | × |
20% deposit | × | ~$10000 | × |
Loyalty program | × | 〇 | × |
New account opening bonus
The new account opening bonus is the bonus amount that comes when you open a new account. This bonus can be used as the source of the transaction, so you can experience XM for free without depositing a single yen of your own funds. However, you can only get this bonus once.
deposit bonus
There are 20% and 100% bonuses for deposit bonuses. The amount of the bonus you receive will change depending on the time, so be sure to log in each time to check it. Standard accounts can receive both bonuses.
Loyalty program
A loyalty program is a member-only program that anyone who opens an account can automatically participate in. Points are accumulated each time you trade, and the accumulated points can be exchanged for bonuses or cash. This means that you will receive cashback on every transaction.
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Different account types
A standard account is an orthodox and very inconvenient account type. The following article summarizes the differences between account types. Standard accounts will receive bonuses that can be used as new credits. It is often used by beginners who do not have professional trading experience or knowledge. Execution power is high, and swap points are awarded when you trade over multiple days.
Standard account notes
The standard account is an account type suitable for beginners and has a very high usage rate. However, please note the following points. Depending on your style, you may need to choose another one now. High leverage trading is possible with each of the four types of accounts. Investors can check the specifications on the official website of the operating company. By the way, there is also a separate demo account.
Not suitable for scalping
As explained above, standard accounts are not suitable for scalping due to their wide spreads. It is suitable for methods that settle in a few hours like day trading, or in a few days to weeks like swing trading. Not suitable for short-term matches.
Multiple openings
It is not that only one standard account can be created per person. At XM, each person can open up to 8 accounts. Therefore, you can open multiple accounts of the same type even with standard accounts.
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