Below is an overview of XMTrading’s (XM) Christmas trading hours, along with a general schedule and important points to note. The official schedule is available for free. Unlike usual, trading hours will be irregular from early morning until the next morning. This is the same in Japan, the US, and Europe.
- XMtrading
- What is XM margin? Basic knowledge
- Required margin for each FX currency pair (1 lot, 100x leverage)
- Required margin for stock index CFDs (approximately 1 lot, 100x leverage)
- Margin required for precious metals CFDs (approximately 1 lot, 100x leverage)
- Energy CFD margin requirements (1 lot, 100x leverage)
- Full list of commodity CFDs (major products and margin requirements)
- Example of required margin for cryptocurrency (approximate amount per lot)
- XM margin calculation method
- About XM’s margin maintenance rate
- If your margin at XM becomes negative
- How to safely manage your XM margin
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 |
What is XM margin? Basic knowledge
Let’s review the basics of “margin” at XM. It’s an important concept that forms the foundation of FX and CFD trading, so understanding it is the first step to safe trading. The official website provides detailed and overview information, so click here to take a look. The applicable rules are as follows, which vary depending on the quantity selected.
What is margin?
- Margin is the money that you deposit in your account in order to trade.
- You don’t pay the full amount you actually trade (trading amount/position size), but rather you deposit a portion of your money as collateral.
- In FX, you use “leverage,” which allows you to hold large positions with little margin.
Types of Margin
Required Margin
The minimum amount needed to hold a position.
Basic Calculation: Required Margin = Trading Volume (Lots) × Currency Units × Price ÷ Leverage
Example: If you trade 1 lot (100,000 units) of USD/JPY with 100x leverage, the total is 100,000 × 135 ÷ 100 = ¥135,000 ÷ 100 = ¥1,350. You can trade 1 lot with just ¥1,350 in margin.
Maintenance Margin
If your account balance falls below this amount, you will be subject to forced liquidation (stop loss).
XM triggers automatic stop loss when your account balance falls below 20% of the required margin.
Free Margin
Account Balance minus Required Margin
Excess Margin = Account Balance – Margin Requirements
The larger your excess margin, the more you can add new positions.
Relationship between margin and leverage
- Higher leverage reduces margin requirements.
- Conversely, lower leverage increases margin requirements.
- XM’s maximum leverage varies depending on the account type and currency pair (up to 888x).
- High leverage allows for large trades with small amounts of capital, but it can also increase losses, so caution is advised.
Margin Management Points
- Margin Maintenance Rate = (Equity ÷ Required Margin) x 100
- A warning is issued when the margin falls below 100%.
- Automatic stop-loss is activated when the margin falls below 20%.
- As a fundamental part of risk management, it is important to always maintain excess margin.
XM Margin Features
- High leverage allows for large trades with small margin.
- Margin requirements and leverage limits vary depending on the account type.
- Bonuses can be used to increase trading capacity in addition to margin.
Required margin for each FX currency pair (1 lot, 100x leverage)
Below is a list of the approximate margin requirements for major currency pairs and cross currency pairs (calculated in yen, rates are approximate). Customers are encouraged to compare the following table before entering into a contract.
| 通貨ペア | 現在価格（概算） | 計算式 | 必要証拠金（円） |
|---|---|---|---|
| USD/JPY | 135 | 100,000 × 135 ÷ 100 | 135,000 ÷ 100 = 1,350円 |
| EUR/JPY | 150 | 100,000 × 150 ÷ 100 | 1,500円 |
| GBP/JPY | 170 | 100,000 × 170 ÷ 100 | 1,700円 |
| AUD/JPY | 95 | 100,000 × 95 ÷ 100 | 950円 |
| NZD/JPY | 90 | 100,000 × 90 ÷ 100 | 900円 |
| CAD/JPY | 100 | 100,000 × 100 ÷ 100 | 1,000円 |
| EUR/USD | 1.10 USD | 100,000 × 1.10 × 135（円換算） ÷ 100 | 約1,485円 |
| GBP/USD | 1.30 USD | 100,000 × 1.30 × 135 ÷ 100 | 約1,755円 |
| AUD/USD | 0.95 USD | 100,000 × 0.95 × 135 ÷ 100 | 約1,283円 |
| USD/CHF | 0.90 USD | 100,000 × 0.90 × 135 ÷ 100 | 約1,215円 |
| EUR/GBP | 0.90 GBP | 100,000 × 0.90 × 170 ÷ 100 | 約1,530円 |
| EUR/AUD | 1.57 AUD | 100,000 × 1.57 × 95 ÷ 100 | 約1,492円 |
| GBP/AUD | 1.78 AUD | 100,000 × 1.78 × 95 ÷ 100 | 約1,691円 |
Points to note:
- The above is an estimate. Margin requirements will change in actual trading due to fluctuating exchange rates.
- If your XM account leverage is other than 100x, the required margin can be adjusted by calculating 100 ÷ leverage × the above amount.
- The same formula can be used to calculate other minor currency pairs.
Required margin for stock index CFDs (approximately 1 lot, 100x leverage)
We will summarize the margin requirements for stock index CFDs (index CFDs) that can be traded with XM. We have compiled content on Nasdaq, France, the UK, Italy, Switzerland, Spain, Canada, Australia, the Netherlands, Germany stock indexes, and the Hang Seng Index.
| 株価指数 | ロットサイズ | 現在価格（概算） | 計算式 | 必要証拠金（円） |
|---|---|---|---|---|
| US30 (Dow Jones) | 1ポイント = $1 | 34,500 USD | 34,500 ÷ 100 × 135円 | 約46,575円 |
| SPX500 (S&P 500) | 1ポイント = $1 | 4,350 USD | 4,350 ÷ 100 × 135円 | 約5,872円 |
| NAS100 (Nasdaq 100) | 1ポイント = $1 | 13,800 USD | 13,800 ÷ 100 × 135円 | 約18,630円 |
| JP225 (日経225) | 1ポイント = ¥1 | 36,000円 | 36,000 ÷ 100 | 360円 |
| GER30 (DAX 30) | 1ポイント = €1 | 15,700 EUR | 15,700 ÷ 100 × 150円 | 約23,550円 |
| UK100 (FTSE 100) | 1ポイント = £1 | 7,500 GBP | 7,500 ÷ 100 × 170円 | 約12,750円 |
| FRA40 (CAC 40) | 1ポイント = €1 | 7,000 EUR | 7,000 ÷ 100 × 150円 | 約10,500円 |
| HK50 (Hang Seng) | 1ポイント = HKD1 | 19,500 HKD | 19,500 ÷ 100 × 17円 | 約3,315円 |
| AUS200 (ASX 200) | 1ポイント = AUD1 | 7,200 AUD | 7,200 ÷ 100 × 95円 | 約6,840円 |
Note：
- The above is an estimate. Actual trading amounts will fluctuate depending on the exchange rate, lot size, and leverage.
- If you change your leverage, you can adjust the required margin by calculating the above amount x 100 ÷ leverage.
- CFDs have different units per lot (currency points), so it’s best to check the official platform.
Margin required for precious metals CFDs (approximately 1 lot, 100x leverage)
We will explain the margin requirements for precious metals CFDs (gold, silver, platinum, palladium, etc.) that can be traded with XM. As with FX, the required margin is determined by “trading unit x current price ÷ leverage.” Here, we will create a guideline based on 1 lot and 100x leverage.
| 商品 | ロットサイズ | 現在価格（概算） | 計算式 | 必要証拠金（円） |
|---|---|---|---|---|
| Gold (XAU/USD) | 100オンス | 2,000 USD | 100 × 2,000 ÷ 100 × 135円 | 約270,000円 |
| Silver (XAG/USD) | 5,000オンス | 25 USD | 5,000 × 25 ÷ 100 × 135円 | 約168,750円 |
| Platinum (XPT/USD) | 50オンス | 1,000 USD | 50 × 1,000 ÷ 100 × 135円 | 約67,500円 |
| Palladium (XPD/USD) | 50オンス | 2,500 USD | 50 × 2,500 ÷ 100 × 135円 | 約168,750円 |
Note：
- The above is an estimate. Actual trading amounts will fluctuate depending on exchange rates, lot size, and leverage.
- If you change the leverage, you can adjust the required margin by calculating the above amount x 100 ÷ leverage.
- At XM, precious metal CFDs such as gold and silver tend to have higher margin requirements than FX CFDs because their unit price is higher.
Energy CFD margin requirements (1 lot, 100x leverage)
We will explain the margin requirements for energy CFDs (crude oil, natural gas, etc.) that can be traded with XM. As with FX and precious metals CFDs, the required margin can be calculated by multiplying the trading unit by the current price and the leverage. Here, we will create a guideline based on 1 lot and 100x leverage.
| 商品 | ロットサイズ | 現在価格（概算） | 計算式 | 必要証拠金（円） |
|---|---|---|---|---|
| WTI Crude (原油WTI) | 1,000バレル | 80 USD | 1,000 × 80 ÷ 100 × 135円 | 約108,000円 |
| Brent Crude (原油Brent) | 1,000バレル | 85 USD | 1,000 × 85 ÷ 100 × 135円 | 約114,750円 |
| Natural Gas (天然ガス) | 10,000 MMBtu | 3.50 USD | 10,000 × 3.50 ÷ 100 × 135円 | 約4,725円 |
Note:
- The above is an estimate. Actual trading amounts will fluctuate depending on exchange rates, lot size, and leverage.
- If you change your leverage, you can adjust the required margin by calculating the above amount x 100 ÷ leverage.
- Due to the high volatility of Energy CFDs, leverage and margin management are particularly important.
Full list of commodity CFDs (major products and margin requirements)
We will summarize the required margin for commodity CFDs (products including precious metals and energy) that can be traded on XM, based on 1 lot and 100x leverage. Other products available include coffee, wheat, cocoa, etc.
| 商品カテゴリ | 商品名 | ロットサイズ | 現在価格（概算） | 計算式 | 必要証拠金（円） |
|---|---|---|---|---|---|
| 貴金属 | Gold (XAU/USD) | 100オンス | 2,000 USD | 100×2,000÷100×135円 | 約270,000円 |
| Silver (XAG/USD) | 5,000オンス | 25 USD | 5,000×25÷100×135円 | 約168,750円 | |
| Platinum (XPT/USD) | 50オンス | 1,000 USD | 50×1,000÷100×135円 | 約67,500円 | |
| Palladium (XPD/USD) | 50オンス | 2,500 USD | 50×2,500÷100×135円 | 約168,750円 | |
| エネルギー | WTI Crude | 1,000バレル | 80 USD | 1,000×80÷100×135円 | 約108,000円 |
| Brent Crude | 1,000バレル | 85 USD | 1,000×85÷100×135円 | 約114,750円 | |
| Natural Gas | 10,000 MMBtu | 3.50 USD | 10,000×3.50÷100×135円 | 約4,725円 |
Example of required margin for cryptocurrency (approximate amount per lot)
I will explain as much as I can about the “margin requirements for cryptocurrency (crypto asset) CFDs” at XM. You can buy Bitcoin, Litecoin, Ethereum, and more on the market.
| 銘柄（シンボル） | 最大レバレッジなどの条件 | 必要証拠金（1ロットあたり目安） |
|---|---|---|
| BTCUSD | 最大レバレッジ 500倍 の条件あり | 約 29,825円（または提示値） |
| ETHUSD | — | 約 1,118円 目安 |
| その他アルトコイン（例: ADAUSD, ALGOUSD など） | 銘柄により異なるが最大レバレッジ 50倍など | 銘柄によって数百円〜数千円の目安あり（例：ALGOUSD や小規模コイン） |
XM margin calculation method
Here we will explain how to calculate margin at XM in an easy-to-understand manner. This is a common concept for all trading at XM, including FX, stock index CFDs, precious metals CFDs, energy CFDs, and cryptocurrency CFDs.
What is margin?
- Margin is the money you deposit in your account to hold a position.
- You don’t actually pay the full amount of the transaction, but rather use leverage to deposit a portion of it as collateral.
- At XM, increasing leverage allows you to hold large positions with a small amount of margin.
Basic Margin Calculation Formula
For FX (currency pairs)
Required margin (base currency) = Trading volume × Current price ÷ Leverage- Trading Volume: 1 lot = 100,000 units (for standard accounts)
- Current Price: Current exchange rate of the currency pair (e.g., USD/JPY 135 yen)
- Leverage: Account setting (e.g., 100x, 500x, etc.)
Example: USD/JPY 1 lot, leverage 100x
Required margin = 100,000 × 135 ÷ 100 = 135,000 ÷ 100 = 1,350 yenFor stock index CFDs, precious metals, energy, and virtual currencies
Required margin (yen) = Trading unit × Current price ÷ Leverage × Yen conversion rate- USD-denominated products → Convert to yen at the USD/JPY exchange rate
- EUR-denominated products → Convert to yen at the EUR/JPY exchange rate
- JPY-denominated products → No yen conversion required
Example: Gold (XAU/USD) 1 lot 100 ounces, price 2,000 USD, leverage 100x, dollar-yen exchange rate 135 yen
Required margin = 100 × 2,000 ÷ 100 × 135 = 270,000 yenUnits used for margin calculation
| Product Category | Example of 1 lot unit |
|---|---|
| FX Currency Pairs | 100,000 units (standard account) |
| Stock Index CFDs | 1 point = USD/EUR/GBP etc. |
| Precious metal CFD | 1 lot = 100 ounces (gold) etc. |
| Energy CFD | 1 lot = 100 ounces (gold) etc. |
| Cryptocurrency CFDs | 1 lot = 1 BTC, 10 ETH, etc. Varies by stock |
Key Points for Margin Calculation
- The higher the leverage, the lower the required margin.
- Example: 100x leverage → ¥1,350 margin
- 500x leverage → ¥1,350 margin ÷ 5 = ¥270
- When holding multiple positions simultaneously, calculate the total margin.
- When using XM bonuses, they are added to the equity.
- Increasing excess margin allows you to hold more positions.
- Margin Maintenance Ratio
Margin Maintenance Rate = (Equity ÷ Required Margin) × 100%- Below 100% → Warning
- Below 20% → Automatic stop loss
About XM’s margin maintenance rate
Here we will explain in detail about XM’s Margin Level. As it is a very important concept in FX and CFD trading, we will also explain it with examples.
What is margin maintenance rate?
- The margin maintenance rate is the ratio of required margin to the equity in an account.
- It is an indicator used to check the safety of an account and also serves as the basis for stop loss and margin calls.
calculation formula
\text{Margin Maintenance Rate (%)} = \frac{\text{Equity}}{\text{Margin}} \times 100
- Equity = Account Balance + Unrealized Profit/Loss
- Margin = Minimum amount of funds required to maintain an open position
XM’s Stop Loss and Margin Call Criteria
| Margin Maintenance Rate | situation |
|---|---|
| 100% | Safe zone. Excess margin available. |
| 50～100% | Caution. There is a risk of loss cut. |
| 20% | Automatic stop loss (XM standard) |
- At XM, positions are automatically closed when the margin maintenance rate falls below 20%.
- As unrealized losses increase, the available margin decreases → the margin maintenance rate falls → a stop loss is triggered.
Example of Margin Maintenance Rate (FX)
Condition
- USD/JPY 1 lot (100,000 units)
- 100x leverage
- Account balance: ¥50,000
Calculate
- Required margin = 100,000 × 135 ÷ 100 = ¥135,000
- Unrealized loss = -¥30,000 → Equity = 50,000 – 30,000 = ¥20,000
- Margin maintenance rate = 20,000 ÷ 135,000 × 100 ≈ 14.8%
✅ 14.8% → Automatic settlement will occur as it is below XM’s stop loss level of 20%
Key points for managing margin maintenance ratio
Maintain a generous trading volume.
If the required margin is too high relative to your account balance, your margin maintenance ratio will quickly drop.
Keep track of your unrealized losses.
If you hold multiple positions, your equity will decrease due to the total unrealized losses.
Utilize your equity, including bonuses.
XM bonuses can be used as excess margin, but cannot be used for withdrawals.
Adjust your leverage.
Trading with high leverage reduces your required margin, but your margin maintenance ratio will drop more quickly when losses occur.
How to check your margin maintenance rate
MT4/MT5 Platform
You can check your margin level in real time in the “Terminal” → “Trade” tab.
XM Official Website / Mobile App
Your margin level is displayed in your account information.
If your margin at XM becomes negative
Here we will explain in detail how XM works and what to do if your margin becomes negative.
What does negative margin mean?
- Negative margin refers to a situation where an account’s equity falls below 0 yen.
- This occurs when unrealized losses become so large that the deposited margin is no longer enough to cover them.
example
- Account balance: ¥50,000
- Unrealized loss on open position: ¥60,000
- Available margin = ¥50,000 − ¥60,000 = −¥10,000 → Negative margin
XM’s “Zero Cut System” and Negative Margin
XM has a Zero Cut System (Negative Balance Protection) which has the following features:
- Even if your account balance goes into the negative, XM will compensate for the loss and reset your account balance to zero.
- No additional margin calls will be incurred.
- This system eliminates the risk of incurring losses greater than your account balance, even during sudden market fluctuations.
💡 In other words, XM has a safe design in which “if your margin becomes negative, you will incur a loss, but no additional deposit is required.”
Causes of negative margin
Rapid market fluctuations
Examples: release of important economic indicators, geopolitical risks, high cryptocurrency volatility
If the stop-loss level is not met in time
XM’s stop-loss level is set at a margin maintenance ratio of 20% or less.
If the stop-loss level is not met in time due to widening spreads or sudden fluctuations, you may end up in the negative.
High-leverage trading
When holding large positions with small amounts of capital using high leverage, even small price fluctuations can cause your margin to go negative.
What to do when your margin is negative
XM will automatically reset your account balance to 0 yen.
No special steps are required on your part.
Deposit funds to resume trading.
If your margin reaches 0 yen, you will need to deposit additional funds into your account before you can open new positions.
Thorough position and risk management.
Avoid high-leverage trading.
Set stop-loss limits.
Maintain ample excess margin.
How to safely manage your XM margin
Here we will explain in detail how to safely manage XM margin. These are points that are common to FX, CFD, and cryptocurrency trading.
Margin management is about minimizing the risk of loss while keeping account capital safe.
The goal is two-fold:
Keep your margin maintenance ratio safe (ideally above 100%)
Minimize the risk of stop-outs and negative margin.
① Leverage adjustment
High leverage allows you to take large positions with a small amount of money, but it also carries the risk of rapid loss accumulation.
Set the appropriate leverage based on your trading capital:
Beginners: 50-100x
Experienced traders: 100-200x
A lower leverage is recommended for high-volatility currencies and cryptocurrencies.
② Adjust the lot size according to the account balance
If your position size is too large, even small price movements can cause your margin maintenance ratio to drop.
Margin guideline: Recommended trading volume = Account balance × Safety margin ÷ Required margin
Setting your safety margin at around 30-50% is a safe bet.
③ Be aware of free margin
- Excess margin = Equity margin – Required margin
- Low excess margin not only prevents new positions, but also increases the risk of liquidation.
- Always check your excess margin before trading.
④ Setting a stop loss
- Always set stop losses to automatically close positions before unrealized losses grow.
- Define and manage your loss tolerance for each position.
- XM automatically cuts losses when unrealized losses increase and the margin maintenance ratio falls below 20%, but setting stop losses allows for a margin of error.
⑤ Managing multiple positions and currency pairs
- When holding multiple positions simultaneously, consider the total required margin and unrealized losses.
- When mixing FX, stock indexes, CFDs, and cryptocurrencies in the same account, always check the total margin maintenance ratio.
⑥ Utilizing XM Bonuses
- XM’s account bonuses are added to your excess margin, making them useful for risk management.
- However, bonuses cannot be withdrawn, so cash and bonus funds must be calculated separately.
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