XMTrading has an account type called a zero account. The Zero account offers the narrowest spread among FX accounts, but it is recommended because it does not incur transaction fees and will not result in rejection of trades. This account type has characteristics that make it easy to make profits, so it can be said to be a very advantageous account type for scalping traders.
What type of account is a zero account?
The biggest feature of the Zero account is the narrow spread, which is 0.1 pips on average. Therefore, its characteristics are very clear and it is quite suitable for scalping trades where you want to make short-term settlements. When talking about XMTrading, many people have a strong image of wide spreads, but this is only about standard accounts and not zero accounts. If you are a new member and a professional, we recommend the Minimum Spread Kiwami or Zero account. There are many platforms, but there are transaction costs.
narrow spreads
The biggest advantage of a zero account is that the spread is narrow. There are other micro accounts and standard accounts, but of all account types, the one with the narrowest spread is KIWAMI, followed by this zero account. Swap points are also awarded just like other account types. The base currencies offered are the euro, US dollar, and Japanese yen. Bonuses are not included and the game is based only on margin.
| 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 |
high commitment
Since the zero account is an ECN account, it has high contract power. The ECN method is a trading method in which the Forex company does not intervene in the transaction at all. It is known as a method with high transparency of transactions and no refusal of contracts. With the Zero account, you can trade with a very high execution power compared to other accounts because you can directly send orders to the market. The Zero account boasts a high-speed execution power of almost 100% of all orders in less than 1 second.
Maximum leverage is 500x
The maximum leverage for the Zero account is set at 500x. The maximum leverage for standard and micro accounts is 1000 times, so you may feel a little unsatisfactory. The Zero account also has a maximum leverage capped by the account balance.
| $5～$20,000 | 500 |
|---|---|
| $20,001～$100,000 | 200 |
| $100,001～ | 100 |
trading instruments
Zero Account does not handle virtual currency CFDs. Compared to other account types, the products that can be traded are limited, so if you want to trade virtual currencies, open a standard account or micro account. These can participate in management bonuses and campaigns. Zero accounts allow you to trade cheaply and at low costs, but there are no bonuses. By the way, loss cut will also be applied.
Comparison of Zero Accounts and Other Account Types
The following article summarizes how the zero account differs from other account types, so please refer to it. If you are a professional trader, we recommend choosing a zero account. Since the specs are good and you can take advantage of the narrow spread, you can hold many positions and be advantageous. If the balance becomes negative, a zero cut will also be taken.
High minimum deposit
The disadvantage of a zero account is that the minimum deposit amount may be high. The minimum deposit amount for standard and micro accounts is 500 yen, so the zero account is 20 times this amount. In other words, it is an account type for advanced traders. It requires a bit more capital compared to other brokers. You can also trade on the app.
no bonus
Zero accounts cannot receive bonuses except when opening an account. With standard and micro accounts, you can get an account opening bonus and a luxurious deposit bonus. In other words, it can be said that the zero account is an account type that is established on the premise that traders who can win will open it.
| Bonus | KIWAMI | Standard | Zero |
| account opening | 13000 | 13000 | 13000 |
| 100% deposit | × | ～$500 | × |
| 20% deposit | × | ～$10000 | × |
| Loyalty program | × | 〇 | × |
with transaction fees
Zero accounts have transaction fees when compared to other account types. The Zero account has a round trip transaction fee of $10 per lot. This is because the zero account uses the ECN trading method with narrow spreads. Fees will be automatically deducted from your account balance when you place an order.
People who can recommend a zero account
The following people can recommend a zero account: It is aimed at experienced professionals, the server is stable, and ordering is easy. For some periods, the spread will widen depending on economic indicators, etc. If you are interested, let’s open one first.
scalping trader
The Zero Account is recommended for “scalping traders”. Although the Zero Account incurs an external fee for each transaction, the spread is very narrow. It is important not to trade large amounts at first, but to trade small amounts until you get used to it. Members should choose small amounts and keep their one-way expenses down. Let’s win efficiently at the best price.
Trade with own funds
Zero accounts are regulated by the operating company and basically have almost no bonuses, so you cannot receive much. It is recommended for those who want to trade in a better environment with narrow spreads, even if it means risking their own funds with cash. As you save up your own funds, you will also gain more and more confidence. Usually, you will not win at the beginning, but after a few years, you will be able to win.
currency pair spread
The spread is decent and very narrow compared to micro. The disadvantage is that it is a real account, unlike the free demo. The spread is the same as kiwami, so it is easy to make a profit. The fees are also low, so try a few. If you make a profit with a new target stock, you can withdraw it and earn money. In addition to currency pairs, the service also allows you to start with a large amount of money for stocks, commodities, energy, precious metals, etc. For details, log in to MT4 and view them from the home page.
| Pair | average spread | transaction fee |
| AUDCAD | 1 | 1 |
| AUDCHF | 1.1 | 1 |
| AUDJPY | 1.2 | 1 |
| AUDNZD | 1.7 | 1 |
| AUDUSD | 0.4 | 1 |
| CADCHF | 1.9 | 1 |
| CADJPY | 1.4 | 1 |
| CHFJPY | 1.1 | 1 |
| CHFSGD | 23.5 | 1 |
| EURAUD | 0.9 | 1 |
| EURCAD | 0.9 | 1 |
| EURCHF | 0.9 | 1 |
| EURDKK | 21.5 | 1 |
| EURGBP | 0.3 | 1 |
| EURHKD | 20 | 1 |
| EURHUF | 49 | 1 |
| EURJPY | 0.6 | 1 |
| EURNOK | 116 | 1 |
| EURNZD | 2.7 | 1 |
| EURPLN | 50 | 1 |
| EURRUB | 364 | 1 |
| EURSEK | 76 | 1 |
| EURSGD | 9 | 1 |
| EURTRY | 170 | 1 |
| EURUSD | 0.1 | 1 |
| EURZAR | 201 | 1 |
| GBPAUD | 2 | 1 |
| GBPCAD | 2.2 | 1 |
| GBPCHF | 2 | 1 |
| GBPDKK | 88.5 | 1 |
| GBPJPY | 1.2 | 1 |
| GBPNOK | 173 | 1 |
| GBPNZD | 3.6 | 1 |
| GBPSEK | 105 | 1 |
| GBPSGD | 14 | 1 |
| GBPUSD | 0.3 | 1 |
| NZDCAD | 1.9 | 1 |
| NZDCHF | 2.7 | 1 |
| NZDJPY | 2 | 1 |
| NZDSGD | 20 | 1 |
| NZDUSD | 1 | 1 |
| SGDJPY | 14.3 | 1 |
| USDCAD | 0.5 | 1 |
| USDCHF | 0.4 | 1 |
| USDDKK | 12 | 1 |
| USDHKD | 1.3 | 1 |
| USDHUF | 40 | 1 |
| USDJPY | 0.1 | 1 |
| USDMXN | 166 | 1 |
| USDNOK | 96 | 1 |
| USDPLN | 31.9 | 1 |
| USDRUB | 306 | 1 |
| USDSEK | 65 | 1 |
| USDSGD | 15 | 1 |
| USDTRY | 210 | 1 |
| USDZAR | 11.7 | 1 |
| GOLD | 2.1 | 1 |
| SILVER | 0.2 | 1 |
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