When opening an account with XMTrading, many people are concerned about which account type they should choose to make the most of all bonus types. There are also Zero Accounts and Micro Accounts, but the Standard Account is the most recommended. The Standard Account is a highly recommended trial account type for beginners and those new to XMTrading. Since multiple accounts can be opened, you can also create other account types after opening. A feature of this account is the leverage of 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.
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, the standard account has a wide spread and is not suitable for scalping. It is suitable for day trading, which is settled within a few hours, or swing trading, which is settled within a few days to a few weeks. It is not suitable for short-term bets at all. It is a high leverage, but not narrow. You can access the system specifications from the website. There is also support for order size and margin calls, so please check it out. It is an account that allows you to compete in the market with low costs.
Unlimited Promotions
As explained above, the biggest advantage of a standard account is that you can receive unlimited promotions. Make use of them to take advantage of the luxurious campaigns. The deposit bonus is reset irregularly, so check it every now and then. There are a lot of eligible bonuses, and this alone will increase your balance considerably, so it’s attractive. You can also see the details of the promotion from the app.
Not an account for professionals
Standard accounts have a wide average spread, so they are not suitable for professional investors, but they do have bonuses. Since it is risky, we recommend the Zero Account or KIWAMI Account, which allow you to start the service with the narrowest settings. You can choose an account from the home account page and see the specifications. Trade using the full margin. XM is a good brand that we recommend. It is suitable for beginners because you can earn even with a small amount of funds. The market is ideal because it has not only foreign exchange but also commodities.
Even if there is a bonus, you still need capital
Of course, even if there is a bonus, you still need capital. There are bonuses from promotions such as limited-time benefits from the menu, and there is a cushion function, but most people also put cash in. If you want to maintain and continue trading with a new account, it is essential to prepare funds. It is attractive because you can increase your funds once you start. First, start with a small asset, learn and understand the diversity of the market, and then increase the currency unit. As you get used to it, you will almost always win more and save more.
Multiple openings
It is not the case that one person can only open one standard account. At XM, one person can open up to eight accounts. However, if you leave an account for three months, you will be charged an account maintenance fee per account, so be careful. Therefore, you can open multiple standard accounts of the same account type. There are plenty of financial services available, including gold, foreign exchange, and virtual currency. Financial products are fully available and can be used from your smartphone. At first, you will be given a bonus, so make use of it. You can fight quite a lot in 24 hours.
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