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.
- There are 4 types of XM accounts:
- What is KIWAMI Polar Account?
- Features of KIWAMI Polar Account
- People who can recommend the KIWAMI polar account
- People who cannot recommend the KIWAMI polar account
- About spreads
- 1 lot of KIWAMI pole account is 100,000 currency
- Minimum deposit amount for KIWAMI pole account
- Trading platforms are MT4 and MT5
- Slippage is less likely to occur
There are 4 types of XM accounts:
XM currently has four account types. Please refer to the list below for details on each account. We also write about the characteristics and comparisons of each account type. Overseas FX brokers have different account types, and in the case of KIWAMI, the pips range is very narrow. As stated on the official website, when you perform long-term swing trades, new swap points will be generated for the target major stocks. You can also build both sides. You can also add additional accounts. Some also have demo accounts that offer narrow average spreads.
What is KIWAMI Polar Account?
The KIWAMI Kiwami account is an STP type account with a narrow spread, and there are no transaction fees. There is a zero account with a narrow spread, but because the commission is set high, the specifications are inferior to other low spread companies. Therefore, the new KIWAMI Kiwami account was created, and it is an account created so that you can use only XM without having to move to another provider with a narrow spread. We also provide solid support for each service. Choose the appropriate account.
Features of KIWAMI Polar Account
The KIWAMI account provided by the company has the following characteristics. There are both advantages and disadvantages, so it is not an account type that can be recommended. In the end, make your decision based on comprehensive judgment. This account type has a very good reputation and word of mouth, but although there are no bonuses to receive, it has the narrowest spread among the four types, making it easier to make a profit on investment, so take advantage of it. You can choose the base currency from Japanese yen, euro, or US dollar. It is also possible to create multiple accounts.
Narrow spreads
The disadvantage of the KIWAMI Kyoku Account is that there is no bonus, but the spreads are very narrow when trading. If you open an account, you will receive the same benefits as a zero account, so it is a good deal. This is a big advantage, but although there are transaction costs, the fact that it is very narrow is advantageous for scalping trades. Log in and look at the specs on the account page. You can fight advantageously until the settlement is completed on the system screen. Withdrawals are also smooth and safe. You can start using your full margin.
Lowest transaction costs among all account types
Among all XM account types, the zero account has the lowest transaction costs. However, the newly released KIWAMI Koku account has even lower transaction costs than that. Especially for scalping traders, this is an account type that offers even better trading conditions than a zero account. Many people start with a standard account that gives them a bonus, but those with experience choose KIWAMI. The loss cut level is the same when a loss is made.
no fees
XM’s zero account is structured so that in addition to the spread, there is a total round trip fee of $10 per lot trade. On the other hand, the KIWAMI Koku account only generates spreads and transaction fees are completely free. It is highly rated because it charges fewer fees than other companies, and even first-time users can earn a large amount of money from a small amount. Officially it is intended for advanced users. You can also trade minor currencies and Bitcoin, so check it out.
swap free
Major currency pairs and precious metals are swap-free. So far, XM has had swaps for all account types. A swap is an interest rate, and depending on the stock, it was necessary to pay a negative swap if the holding time of the position became longer. KIWAMI polar accounts are free to swap major currency pairs and precious metal currency pairs.
Maximum leverage 1000 times
XM’s zero account has low transaction costs, but the maximum leverage is limited to 500x instead of the usual 1000x. On the other hand, the KIWAMI Koku account has lower transaction costs than the zero account, and there is no limit to maximum leverage. KIWAMI Koku account can trade with up to 1000x leverage. Zero cuts are also adopted, and investors are not required to make margin calls.
Stocks that cannot be traded
The disadvantage is that you cannot trade commodities, stock indexes, or energy stocks. XM’s KIWAMI account only allows you to trade foreign exchange (FX), cryptocurrency CFDs, and precious metals (gold/silver). Of course, like other accounts, it also includes different major currencies such as USD, EUR, JPY, GBP, AUD, NZD, CAD, and CHF. This account type is attractive in the industry due to its excellent low spreads.
account type | Brands handled |
---|---|
Standard account/Micro account | Forex, Virtual Currencies, Commodities, Stock Indices, Precious Metals, Energy |
zero account | Foreign Exchange/Precious Metals (Gold/Silver) |
KIWAMI pole account | Foreign exchange, virtual currency, precious metals (gold/silver) |
Not eligible for deposit bonus
XM’s KIWAMI pole account is not eligible for deposit bonuses, although transaction costs are low. With the KIWAMI pole account, you must trade entirely with your own funds. If you want to trade with a deposit bonus, use an XM Standard or Micro account.
Not eligible for loyalty program
XM has a membership system called the XM Loyalty Program that earns points each time you trade, and you can earn “XM Points (XMP)” that can be exchanged for cash or bonuses when you trade with a standard or micro account. However, KIWAMI polar accounts are not eligible for the loyalty program. Therefore, no matter how much you trade with the KIWAMI pole account, you will not earn XM points, so be careful.
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/01/stock-6549808_960_720.jpg?resize=960%2C595&ssl=1)
People who can recommend the KIWAMI polar account
- Those who value trading conditions more than bonuses
- Because the transaction cost is low, it is suitable for those who trade a lot and those who do scalping
- Mid- to long-term swing traders who are concerned about swaps because they are swap-free
- A large trader because of the execution power
- Scalping and EA automatic trading are also OK, people who want a trading environment with a high degree of freedom
- Gold trading conditions are much better than other accounts and people who trade gold
There is a wide range of stocks available, including currency pairs, precious metals, energy, virtual currencies, and stock indexes. We hold a Financial Services Agency license in the Seychelles Islands and are eligible for loss cuts and zero cuts.
People who cannot recommend the KIWAMI polar account
- People who want to use XM bonuses and XMP
- Those who trade with the aim of plus swap
- Those who mainly trade CFDs such as Nikkei 225 and oil
As explained above, you cannot receive the bonus procedure even if you verify your identity with documents. However, the spreads are very narrow compared to bigboss, threetrader, ironfx, hfm, titanfx, etc. Be sure not to violate any prohibitions.
About spreads
There is a problem of wide spread as a risk of XM as a whole. The KIWAMI pole account has slightly narrow spreads. Spreads are midway between Standard and Zero accounts. As an exception, for GOLD, the spread for the KIWAMI account is narrower than that for the ZERO account.
Brand | KIWAMI | Standard | ZERO |
---|---|---|---|
USDJPY | 0.9 | 1.9 | 0.4 |
EURUSD | 0.8 | 1.8 | 0.2 |
GBPUSD | 1.2 | 2.6 | 0.3 |
AUDUSD | 1.2 | 2.0 | 0.5 |
USDCHF | 1.3 | 2.5 | 0.9 |
GOLD | 1.3 | 3.6 | 1.9 |
In addition to this, professional customers can of course trade the following currency pairs in a highly transparent style. It is very popular because it is 100% fast and easy to use even from a smartphone. There are a wide range of options and no disadvantages regardless of the style. There are the best financial products, so you can use your full capital to compete.
- USDNOK
- USDSEK
- USDMXN
- USDHKD
- USDPLN
- USDHUF
- EURTRY
- EURHKD
- EURSEK
- EURNOK
- EURDKK
- EURCHF
- NZDJPY
- CADJPY
- CADCHF
- USDNOK
- USDTRY
- USDZAR
- EURHUF
- EURGBP
There are also minor and exotic pairs. There are many stocks available, so you can trade these stocks repeatedly until you win regardless of the period. On the other hand, losses can generally increase, so you should set some stop losses. Stop losses must be taken into account when making profits.
1 lot of KIWAMI pole account is 100,000 currency
The unit of 1 lot of KIWAMI pole account is 100,000 currency. The unit of 1 lot is the same for KIWAMI Kiwami Account, Standard Account, and Zero Account. The KIWAMI Kiwami account has a maximum lot of 500,000 lots and a minimum lot of 0.01 lots. This is common to both standard and zero accounts.
Minimum deposit amount for KIWAMI pole account
The minimum deposit amount for the KIWAMI Kiwami account is $5. The minimum deposit amount is the same for KIWAMI Kiwami account, standard account, and zero account.
Trading platforms are MT4 and MT5
The KIWAMI Koku account trading platform can use both MT4 and MT5. It is OK to use automatic trading tools, and scalping is also possible. You can use Metatrader like other companies (exness, fxgt, threetrader, tradeview, bigboss, axiory, etc.).
Slippage is less likely to occur
The KIWAMI Kiwami account uses the STP method, and the Zero account uses the ECN method, with a slightly different account type. Slippage is less likely to occur in the STP method, but LPs may refuse to execute orders, so refusal to execute is more likely to occur. In the ECN system, orders are sent directly to the interbank market, so refusal of execution is less likely to occur, but slippage is more likely to occur.
KIWAMI pole account | zero account | |
Transaction method | STP | ECN |
refusal of contract | likely to occur | doesn’t happen |
slippage | hard to happen | likely to occur |
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