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.
- XM account types
- 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
XM account types
XM currently has four account types. Please refer to the following articles for each account. We also write about the features and comparisons of each account type.
What is KIWAMI Polar Account?
The KIWAMI pole account is an STP account with narrow spreads and no transaction fees. Accounts with narrow spreads have zero accounts, but the fees are set higher, so the specs were inferior to other low spread brokers. Therefore, the KIWAMI pole account was newly born, and it will be an account created so that it can be completed only with XM without moving to other vendors with narrow spreads.
Features of KIWAMI Polar Account
The KIWAMI account has the following features. There are advantages and disadvantages, so it is not an account type that can be recommended unconditionally. Please make a comprehensive judgment and make a decision.
Lowest transaction costs among all account types
Zero accounts had the lowest transaction costs among all XM account types. However, the newly released KIWAMI Kiwami account has even lower transaction costs than that. Especially for scalping traders, it is an account type that offers better trading conditions than a zero account.
XM’s Zero account charges a total round trip fee of $10 per lot traded in addition to the spread. On the other hand, the KIWAMI Kiwami account only generates spreads, and transaction fees are completely 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 had low transaction costs, but the maximum leverage was limited to 1000x to 500x. On the other hand, the KIWAMI Kiwami account has lower transaction costs than the Zero account, and there is no maximum leverage limit. KIWAMI pole account can trade with up to 1000 times leverage.
Stocks that cannot be traded
There is a disadvantage that commodities, stock indices, and energy stocks cannot be traded. Only foreign exchange (FX), virtual currency CFD, and precious metals (gold/silver) can be traded with XM’s KIWAMI pole account.
|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.
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
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
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.
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
KIWAMI Kiwami account trading platform can use both MT4 and MT5. The use of automatic trading tools is also OK, and scalping is also possible.
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|
|refusal of contract||likely to occur||doesn’t happen|
|slippage||hard to happen||likely to occur|