[XM Trading: For Forex Beginners] Comparison of Account Types and Differences

As of 2023, there are about 4 account types on XM. I will explain the differences between each, but if you are a beginner, we recommend starting with the standard account. This is because there are many people who don’t know the difference, and it’s preferable to change the steel type if you’re not happy with it after using it.

[XMTrading: For FX Beginners] Latest real account opening method and procedure, required documents, important points explained

XM Trading is the world's most used Forex broker. In order to actually do Forex, it is necessary to have a wide account at a Forex company. By the way, opening an account is easy even for beginners, and there is no cost. Opening an account may sound troublesome, but it only takes about 10 minutes to fill in the registration form and about 30 minutes to authenticate the required documents. It will be possible to start.

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2022.12.30

XMTrading Features and Functions

XMTrading is a broker that ranks high in popularity overseas, and its basic information has many reviews online. Although it is not approved by Japan’s Financial Services Agency, it is an attractive company because funds are managed using a wallet, and security measures such as account login and password settings are in place. The maximum leverage is 1000x and can be changed. It has an overwhelmingly large number of users compared to exness, fxgt, etc.

[XMTrading: For FX beginners] Reputation and word of mouth, company information and acquired license safety Advantages and disadvantages

XM Trading is one of the world's most well-known Forex brokers. It has many users and is said to have the largest number of users in the world. Where is XM Trading headquartered and what licenses does it hold? I am writing about that.

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2022.12.31

Lots of bonuses and campaigns

XM offers a wide variety of bonuses and campaigns. There is also a loyalty program, XM points, and cashback. The latest campaign information is posted on the official page. Bonuses are not applicable to KIWAMI accounts for advanced users. Each receipt will be reflected in your wallet. In addition, demo accounts and corporate accounts are also available, so there is a lot of variety.

Many deposit and withdrawal methods

XM supports credit card, bank transfer, and online wallet deposits and withdrawals. Although it is not supported in some residential areas, it is recommended that you choose an online wallet as deposits and withdrawals can be made instantly. Frequently asked questions can be found on the official website, so you can easily find answers to your questions. It will take some time for it to be reflected. If you don’t know the cause, please contact support.

Zero cut system adopted

XM has a forced loss cut, but if the margin becomes negative, a zero cut system will be adopted. It is very convenient as XM will compensate you even if your balance becomes negative due to large losses due to economic indicators etc. while holding a position. There is no rejection of trades, and there are no restrictions on trading methods such as swinging or scalping as long as they do not violate any prohibitions.

XMTrading basic account types

XMTrading has four account types: “Standard Account,” “Micro Account,” “KIWAMI Koku Account,” and “Zero Account.” Compatible with MT4 and MT5, the usage of charts is the same for all. High leverage trading is possible, but if left unused for a total of 90 days, it will be treated as a dormant account. Standard accounts and micro accounts with bonuses allow you to trade cheaply. You can trade a wide variety of currency pairs with practice. You can add an account or create a demo account on My Page.

[XM Trading: For Forex Beginners] Currency units and lots

For those who want to start trading with XM, it is necessary to understand currency units and lots. For those who do not know 1 lot of XM, I will explain the number of currencies in 1 lot, the minimum lot and the maximum lot.

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2023.01.15

Common terms and conditions

XM is divided into each account type, but there are common conditions.

Standard account for beginners

At XM, more than 80% of people choose the standard account as their first account. The reason why it is chosen first is that it is the best way to learn how to use an XM account because you can receive a deposit bonus and all the services of XM.

There are three types of XM bonuses: new account opening bonus, deposit bonus, and loyalty program (trading bonus), of which only standard and micro accounts can receive all three types. Zero account and KIWANI Kiwami account can only receive new account opening bonus.

[XM Trading: For Beginners] Standard account features and benefits

I think that there are a lot of people who are worried about what type of account to open an account with XM. The standard account is a trial account type that is highly recommended for beginners and those who are new to XM Trading. Since you can open multiple accounts, you can also create other account types after opening.

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2023.02.07

KIWAMI pole account has narrow spread

KIWANI Kiwami account is XM’s newest account type, released in October 2022. It realizes better transaction costs than the zero account and is expected to become the main account type at XM in the future.

The KIWAMI pole account is the account with the lowest transaction cost because the spread is narrow because there is no bonus. Swap free without swap points, so you can trade without worrying about extra costs. Because the spread is narrow, scalping is also suitable.

The disadvantage is that the bonus is only given when the account is opened, and XM points are not given. Below is a spread comparison table between Zero account and KIWAMI Kiwami account.

[XM Trading: For Forex Beginners] Advantages and Disadvantages of KIWAMI Kiwami Account Differences from Other Accounts

Introducing the features and trading specifications of XM's KIWAMI pole account. KIWAMI polar account is a new account that appeared in October 2022. The KIWAMI pole account is an easy-to-use account with narrow spreads, swap-free, and no transaction fees, but there are also disadvantages. Therefore, we would like to introduce both advantages and disadvantages.

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2023.01.14

Micro accounts are recommended for small transactions

XM micro accounts allow you to trade smaller amounts and finer detail compared to other account types. The micro account has a trading volume of 1,000 currencies per lot, so it is possible to trade at 1/100th the size of other account types. It is recommended for those who want to avoid risks, those who want to trade with a small amount, and those who want to do a trial trade. Like the standard account, the micro account can receive all three types of XM bonuses (new account opening bonus, deposit bonus, loyalty program).

[XM Trading: For Beginners] Characteristics and Comparison of Micro Accounts

XM Trading has an account type called micro account. Micro account is a minor account type because there are not many users who open it, but it has merits, so it is one of the account types that can be recommended to open.

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2023.02.08

Zero account is recommended for ECN method

The XM Zero account is an account whose order execution method is the ECN method. Normally, the spread is close to zero, but during the time when the spread widens, the spread of the zero account spreads as well. This account is for large customers. Standard and Micro accounts have no transaction fees, so the only transaction cost is the spread, while the Zero account requires a fee of $10 per lot (round trip). Therefore, it can be said that it is a professional account.

[XM Trading: For Beginners] Zero Account Features and Benefits

XM has an account type called Zero account. This account type is said to have very narrow spreads and has the characteristic of making profits easily. It can be said that it is a very advantageous account type for scalping traders.

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2023.02.08

About Lot, Positon

Regarding trading conditions, zero accounts and KIWAMI accounts are for professional investors. The lot size is large, the efficiency is good, and you can trade with major currencies. If you’re just starting out, learn about small-value trading with a standard or micro account, which is mostly for individuals. MT5 has versatile functions, including moving averages and Bollinger bands. You can easily trade with one button.

[XM Trading: For Forex Beginners] Maximum Lot Number and Number of Positions by Account Type

Introducing the maximum number of lots and maximum positions of XM. XM has several account types, but each account type has a different number of positions and lots. Let’s take a look at each XM trading account type.

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2023.01.03

Trade Platform

The trading platform handles MT4 and MT5.

MT4 has not been updated since 2018. MT5 is superior in terms of functionality, but many people are accustomed to MT4 because there are few EAs and custom indicators, but considering the future, MT5 is better.

[XMTrading: For FX beginners] Differences between MT4 and MT5, how to use which one is recommended? Thorough explanation

XMTraidng offers two trading platforms: MT4 and MT5. The choice is up to each trader as it depends on the trader. Therefore, we recommend that you try both, even if it's just a trial. Is MT4 better for trading with XM? Is MT5 good? Let's compare the differences. Which trader tool do you recommend? I will explain.

www.globalforextradesite.work

2022.12.31