XM (XMTrading): What is XM’s WebTrader? How to use it, its features, and the differences with MT4.

XMTrading

We will explain how to access, use, and install XMTrading’s webtrader for trading. When you actually start trading with XMTrading, most people will likely download and install MT4 or MT5 before using it. However, if you find this troublesome, we recommend the web trader provided by XM. Webtrader requires no downloads or installations, so you can start trading immediately.

XMtrading

Operating companyTradexfin Limited
Fintrade Limited
Head office locationUnit E, F28, Eden Plaza, Eden Island, Republic of Seychelles
Founding year2009
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 supportEnglish、日本語、Malay、Thai
PlatformMetaTrader 4 (MT4)/MetaTrader 5 (MT5)
Service CountriesOver 190 countries
Number of usersOver 1 million accounts
Max Leverage1000x
Eligible productsForex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency

XM Overview and Features

XM (known as XMTrading in Japan) is a well-known overseas FX and CFD broker, boasting high leverage, small-amount trading, bonuses, and MT4/MT5 compatibility. While it’s easy for beginners to start with, the risk of losses from leveraged trading is quite high, so “easy to use” doesn’t necessarily mean “safe to win.”

XM Overview

XM allows trading of a wide range of instruments, including not only FX currency pairs but also gold, crude oil, stock indices, stock derivatives, and cryptocurrency CFDs. The Japanese website offers over 1,400 instruments, support for MT4/MT5/WebTrader/mobile, and various tools and learning content.

1) High Leverage of up to 1,000x

A major feature of XM is its extremely high leverage.

Information for the Japanese market indicates that Standard, Micro, and KIWAMI accounts offer up to 1,000x leverage, while the Zero account offers up to 500x leverage. While it’s possible to take large positions with small capital, the speed of losses when the market moves against you is also fast.

2) Multiple Account Types to Choose From

XM mainly offers the following four account types:

Micro Account: Easy to practice with very small amounts

Standard Account: The most common and suitable for beginners

KIWAMI Extreme Account: Focuses on low spreads and is cost-conscious

Zero Account: For intermediate to advanced traders who prioritize extremely narrow spreads

Especially for beginners, it’s more realistic to start with a Standard or Micro account to get used to the market rather than starting with a Zero account and meticulously tracking costs.

3) Easy to Start with Small Amounts

XM’s account type guide shows a minimum deposit of the equivalent of $5, making it very easy to start with small amounts.

Also, some accounts support a minimum trade size of 0.01 lots, making it less likely to take on large risks from the start, which is suitable for beginners.

4) MT4/MT5 Compatible

XM supports MetaTrader 4 and MetaTrader 5, which have many users worldwide.

XM is characterized by its ease of use for both discretionary and automated trading, with features such as EAs (automated trading), indicators, chart analysis, and mobile trading. It also has a WebTrader, so it can be used without installing anything on a PC.

5) Accounts with narrow spreads

While XM is sometimes said to have “wide” spreads, there are considerable differences depending on the account type.

For example, official information states that Micro/Standard accounts have a minimum spread of 1 pip, KIWAMI accounts a minimum of 0.6 pips, and Zero accounts start from 0 pips.

However, actual trading costs can be misjudged without considering factors such as time of day, sudden market changes, and whether or not there are commissions. It’s best not to choose an account based solely on the “apparent spread.”

6) Strong bonuses and campaigns

XM is famous for its account opening bonuses and deposit bonuses.

The Japanese website also displays account opening bonuses and the total bonus amount with conditions. This makes it attractive for those who want to start with less capital.

However, it’s important to remember that bonuses are not a “magic spell to increase profits,” but rather a mechanism to make it easier to increase the number of trades. Beginners, in particular, should be careful not to over-increase their lot sizes when bonuses are available.

7) Relatively Wide Range of Deposit and Withdrawal Methods

XM’s guide for Japan lists various methods including domestic bank transfers, credit cards, bitwallet, STICPAY, BXONE, and cryptocurrencies.

For domestic users, the Japanese language support and ease of use for deposits and withdrawals are also reasons for its popularity.

8) Abundant Trading Tools and Learning Content

XM also provides economic indicator calendars, FX calculators, webinars, tutorials, and analysis content.

The fact that beginners don’t just “create an account and forget about it” but can easily learn and use the platform is a major advantage.

What is XM’s WebTrader?

XM’s WebTrader is XM’s trading platform that allows you to trade directly in your browser without installing any software on your PC.
In short, it’s easiest to understand it as “MT4/MT5 used in a web browser.” XM officially describes it as WebTrader, which can be used directly from a browser.

What you can do with XM’s WebTrader

XM’s WebTrader offers most of the basic functions necessary for normal trading.

Chart display

Selection of currency pairs and instruments such as gold

Market orders, limit orders, and stop orders

Checking open positions

Closing positions

Account login and trade management

In other words, you can perform the basics of analysis and order placement without any problems, making it very convenient for use on the go, on a company PC, a secondary PC, or in environments where installation is not possible.

Advantages of XM’s WebTrader

1) No installation required

This is the biggest advantage.

While regular MT4/MT5 requires app installation, WebTrader simply opens in a browser and you log in.

It’s ideal for situations where you want to “see it right now” or “check it on a PC other than your work computer.”

2) Easy to use on any device

It works on both Windows and Mac, with minimal environmental restrictions.

XM’s official website also provides information on a wide range of mobile platforms in addition to PC/Mac.

3) Easy for beginners to start with

Many people stumble during the initial setup of the PC version of MT4/MT5, but with WebTrader, you can log in and immediately access the trading screen, making the initial hurdle low.

Disadvantages of XM WebTrader

This is quite important.

“Convenient” doesn’t necessarily mean it’s the best main environment.

1) Fewer features than the PC version of MT4/MT5

While the web version is convenient, it falls short of the PC version in terms of in-depth analysis and detailed customization.

In particular, there are differences in the variety of indicators and the degree of freedom in screen layout.

2) Not suitable for EAs (automated trading)

If you plan to use EAs (automated trading) in the future,

PC version of MT4/MT5 + VPS is the basic option rather than WebTrader.

It’s more accurate to think of WebTrader as being geared towards discretionary trading.

3) Multiple charts and detailed analysis are somewhat disadvantageous.

If you’re into short-term trading or scalping,
and want to “view multiple currencies side-by-side,” “overlay indicators,” or “create detailed templates,”
the PC version is more comfortable than the web version.

How to Install and Use XM WebTrader

XM’s WebTrader is a trading platform that allows you to use MT4/MT5 directly in your browser.

Since it requires no installation, it’s very convenient for beginners who want to try it out first, or for those who want to use it on the go. XM’s official website also explains that it’s download-free for PC/macOS, allows one-click trading, lets you check open orders on charts, and allows you to set/edit limit and stop orders.

How to Install XM WebTrader (Preparation Before Starting)

What You Need

First, you need these three things:

XM Account

MT4 or MT5 Login ID

Trading Password

It’s very important to note that
MT4 accounts can only be used with MT4 WebTrader, and MT5 accounts can only be used with MT5 WebTrader.

You cannot log in to MT4 with an MT5 account ID. This is clearly stated in the XM official FAQ.

Installation Procedure (Shortest Steps)

Even though it’s called installation, no actual installation is required.

Step 1: Open the XM WebTrader Page

Access the official XM WebTrader page.

MT4 Account → Access MT4 WebTrader

MT5 Account → Access MT5 WebTrader

Step 2: Select a Server

Before logging in, select the server corresponding to your account.

This server name can usually be found in the email you received when opening your account or in your Member Area (My Account Overview). The official XM FAQ also provides instructions on how to check your server.

Step 3: Enter Login Information

You will need to enter the following two pieces of information:

Login ID (MT4/MT5 Account Number)

Password

Important note:

Use your MT4/MT5 account ID, not your email address.

This is a common mistake.

Step 4: Log in and Start Using

After logging in, once the server connection is complete, the trading screen will open immediately.

The official XM website also guides you through the process of Login → Server Connection → Immediate Access.

How to View the Basic XM WebTrader Screen

Upon logging in, the screen generally consists of the following:

① Quotes (List of Instruments)

This section is often displayed on the left side of the screen.

Here you can select:

USD/JPY

EUR/USD

XAU/USD (Gold)

BTC-based CFDs

Stock Indices

and so on.

② Chart Screen

This is where you view candlestick charts and indicators.

You make buy/sell decisions while observing the market here.

③ Order Area

Here you set:

Lot Size

Market Order / Limit Order / Stop Order

Stop Loss (SL)

Take Profit (TP)

and place your order.

④ Terminal (Open Positions & History)

This section is often displayed at the bottom of the screen.

You can check:

Open Positions

Unrealized Profit/Loss

Account Balance

Order History

How to Use XM WebTrader (Order Methods)

This is the section you’ll actually use the most.

How to Use ① Market Order (Buy/Sell Now)

Procedure

Select the instrument you want to trade.
Example: USD/JPY

Open “New Order”

Enter the Quantity (Lots)

Set the order type to Market Order

Press Buy or Sell

Your order is now complete.

Important Points for Beginners

It’s best not to start with large lot sizes.

Because XM has high leverage, even 0.01 lots is good practice for getting a feel for price movements.

If you increase your lot size from the start with the intention of “making money quickly,” you’re highly likely to suffer losses.

How to Use ② Limit Order/Stop-Limit Order (Pending Order)

Use this when you want to enter a trade not now, but when the price reaches a certain level.

Representative Examples

Buy Limit
→ I want to buy if the price falls below the current price.

Sell Limit
→ I want to sell if the price rises above the current price.

Buy Stop
→ I want to buy if the price breaks above the current price.

Sell Stop
→ I want to sell if the price breaks below the current price.

Procedure

Select a currency pair.

Open “New Order”.

Change the order method to Pending Order.

Select an order type.

Enter the price.

Enter the lot size.

Enter SL/TP if necessary.

Confirm the order.

XM’s official website also states that pending orders can be set and edited.

How to Set Stop Loss (SL) and Take Profit (TP)

This should absolutely not be underestimated.

The most common mistake beginners make is entering a trade without a stop loss.

SL (Stop Loss)

→ Price at which losses are limited

TP (Take Profit)

→ Price at which profits are taken

How to Set

On the order screen:

SL

TP

Simply enter the prices in these fields.

Example

When buying USD/JPY:

Entry: 150.000

Stop Loss: 149.700

Take Profit: 150.600

Enter the prices like this.

Practical Advice

Initially, it’s more important to decide on the “stop loss position” before the “reason for entry.”

It’s more beneficial to develop the habit of minimizing losses before focusing on winning strategies.

Checking and Closing Open Positions

After placing an order, you can check your positions in the terminal (position list) at the bottom of the screen.

The main items displayed are as follows:

Instrument

Lot Size

Entry Price

Current Price

Unrealized Profit/Loss

SL / TP

Close Method

Open Positions

× (Close)

Close Button

Right-click → Close

You can close a position using operations like these.

XM’s official website also states that new orders, closings, and direct orders can all be placed with a single click.

Differences between WebTrader and MT4/MT5

To put it simply, XM’s WebTrader is a “browser-based version that doesn’t require installation,” while MT4/MT5 are the “main platform (PC/smartphone app versions).”

Furthermore, there are functional differences between MT4 and MT5 themselves. XM officially offers WebTrader, which can be used directly from a browser, in addition to the PC/Mac versions of MT4 and MT5.

1) The simplest difference

XM WebTrader

Can be used directly in a browser (Chrome/Edge, etc.)

No download required

Easy to log in from outside, work PC, or another PC

However, it tends to have slightly fewer features than the PC version of MT4/MT5

MT4/MT5

Requires installation of an app on a PC or smartphone

Strong in chart analysis, automated trading, and detailed settings

This is the main platform for serious trading

In short,

Ease of use prioritized → WebTrader

Serious trading prioritized → MT4/MT5

This distinction is sufficient.

2) Differences between WebTrader and MT4/MT5

Advantages of WebTrader

Easy to use

Uses almost no PC storage space

Easy access from any device

Easy to use even in environments with installation restrictions

Disadvantages of WebTrader

Less expandability than the PC version

Not suitable for those who want to seriously use EAs (automated trading) or detailed customization

Monitoring multiple charts for extended periods is often more comfortable on the PC version

Suitable for:

Those who want to try XM for the first time

Those who want to log in while on the go

Those who primarily engage in discretionary trading

3) Differences between MT4 and MT5 (This is important)

XM offers both MT4 and MT5, but many people are unsure which to choose.

Roughly speaking, MT4 is the “long-established standard,” while MT5 is the “newer, more feature-rich” version.

Comparison Table

項目MT4MT5
使いやすさシンプルやや多機能
動作・処理標準的より高速・高性能
時間足9種類21種類
標準インジケーター少なめ多め
板情報・詳細機能弱い強い
将来性まだ人気今後の主流寄り
EA/インジの資産豊富増えている
互換性MT5と互換なしMT4と互換なし

According to XM’s information, MT5 is designed for high performance with a focus on 64-bit architecture, offering a wide range of analysis functions and timeframes. On the other hand, MT4 has been used for many years, resulting in a rich asset base of EAs and indicators. MT4 tools and MT5 tools are not compatible.

Troubleshooting WebTrader Issues

When XM’s WebTrader isn’t working,
the cause is usually one of the following: ① Incorrect login information, ② Browser/communication problems, or ③ Account/server-side conditions.

By troubleshooting these in order, you can fix the problem in most cases. XM’s official WebTrader guide and member page/app login troubleshooting guide also emphasize the importance of checking the server, login information, communication, and browser environment.

These are the three things to check first:

Please check only these first:

Is it an MT4 account or an MT5 account?

Is your login ID your “trading account number” and not your “email address”?

Is the server name correct?

Honestly, these three account for a significant percentage of XM-related problems.

In particular, confusing your member page login information (email address) with your trading account login information (MT4/MT5 ID) is a common pitfall. Instructions state that you log in to the member page with your email address, and to the trading platform with your account ID.

Troubleshooting Login Issues

Cause ① Incorrect MT4/MT5 Login

This is quite common.

MT4 Account → MT4 WebTrader

MT5 Account → MT5 WebTrader

You need to log in using the correct method.

Entering your MT5 account ID into the MT4 section will not allow you to log in. XM’s WebTrader guide also provides separate instructions for platform compatibility.

Solution

Check the email you received when opening your account.

Confirm your account type on the member page.

Log in to the correct WebTrader.

Cause ② Incorrect Login ID

This is a common issue.

Examples of Incorrect Logins

Entering an email address

Entering a member page password

Entering an old additional account ID

Correct Input

WebTrader typically uses the following:

Login ID: MT4/MT5 account number

Password: Trading password

Server: Server corresponding to your account

Solution

Look for the account opening email, such as “Welcome to XMTrading”

Check your account information from the member page

Check for leading or trailing spaces when copying and pasting

Cause ③ Incorrect Server Name

Even if your ID and password are correct, you cannot connect if the server is incorrect.

Solution

Check the server name in your account opening email

Example: Select a server like XMTrading-Real xx

If it’s a demo account, select the demo server

If you “can’t log in even though your ID is correct,” you should suspect this.

Troubleshooting when the screen won’t open or is blank

This is often a browser issue.

Cause ① Cache/Cookie Problem

Since WebTrader runs on a browser,

if old cache or cookies are corrupted, the screen may not load.

Solution

Trying the following in order is efficient.

Reload the page (Ctrl + F5)

Close and restart your browser

Allow cookies

Delete cache and cookies

Log in again

Some XM-related pages operate on the assumption that cookies are used, so if your cookie blocking settings are too strong, it may become unstable.

Cause ② Browser extensions are interfering

The following extensions are particularly prone to compatibility issues:

Ad blockers

Security extensions

Script blockers

Translation extensions

Solution

Open in incognito mode

If it works in incognito mode, then the extension is the cause.

Temporarily disable extensions

Cause ③ Browser is old / incompatible

WebTrader is browser-dependent, so problems may occur with older browsers.

Solution

Try one of the following:

Google Chrome

Microsoft Edge

Firefox

Safari (Mac)

If it doesn’t work with Edge now, just try Chrome and it should be fixed.

Frequently Asked Questions about XM’s WebTrader

This section compiles frequently asked questions (FAQs) about XM’s WebTrader, focusing on common pitfalls for beginners.

What is XM’s WebTrader?

It’s an MT4/MT5 trading screen that can be used solely through a browser.

You can trade directly from Chrome, Edge, etc., without installing any software on your PC.

XM officially states that it’s compatible with PC/macOS, requires no download, and offers features such as one-click trading, chart display, and order management.

Is WebTrader free to use?

Yes, it’s basically free.

It’s not a service that requires additional fees; it’s a trading environment available to anyone with an XM account.

However, naturally, spreads and fees (depending on the account type) are involved in trading itself.

In other words, while WebTrader usage is free, trading costs are separate.

Do I need to open an account to use WebTrader?

Yes, you do.

XM’s WebTrader is used by logging into your XM MT4 or MT5 account.

It can also be used with demo accounts. XM officially states that it is available for both real and demo accounts.

Can I use it with both MT4 and MT5?

Yes, you can use both.

However, it’s important to note that:

MT4 account → MT4 WebTrader

MT5 account → MT5 WebTrader

You must use it in this order.

You cannot log in to the MT5 side from an MT4 account, or vice versa.

Making a mistake here can easily lead to the feeling that you “cannot log in.”

What should I enter as my Login ID?

This is quite important.

What to enter in WebTrader

Login ID: MT4/MT5 account number

Password: Trading password

Server: Server corresponding to your account

What not to enter

Email address for member page

Password for member page (if confused)

In XM services,
login information for the member page (My Page) and the trading platform (MT4/MT5/WebTrader) can easily get mixed up.

XMTrading Labo also advises using the account ID instead of email address for MT4/MT5.

Why can’t I log in?

These are the four most common causes:

Common causes

Incorrect selection of MT4/MT5

Entering an email address instead of account number

Incorrect server

Incorrect password

XM’s guidance also lists incorrect login information, network environment, and account status as the main causes of login problems.

First Steps

Check your account opening email

Check your account number

Check your server name

Check the MT4/MT5 login page

What is a server?

A server is like the name of the XM trading system that your account connects to.

When logging in, you cannot connect unless you select the server associated with your account.

If you don’t know your server:

Check your account opening email

Check your account information on the member page

Contact support if necessary

XM’s official website also states that server selection is required when logging in.

Can I use it on my smartphone?

While it can be used via a browser, the dedicated app is often easier to use on smartphones.

XM’s official website also promotes the use of MT4/MT5 on mobile devices in addition to WebTrader.

However, on a small smartphone screen, the app is often easier to operate than WebTrader.

Recommended Usage:

For PC use → WebTrader

For smartphone use → MT4/MT5 app

For serious trading → PC version of MT4/MT5

Can I use EAs (Expert Advisors/automated trading) with WebTrader?

Basically, it’s not suitable for EA trading.

The reason is that WebTrader is a browser-based trading screen.

For EA and detailed custom indicator trading, the PC version of MT4/MT5 + VPS as needed is the basic requirement.

This is a common misconception, but
“Discretionary trading with WebTrader” and “Automated trading with the PC version” are two different things.

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