[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.

zero account

The biggest feature of the zero account is the narrow spread, which boasts an average narrowness of 0.1 pips. Therefore, the characteristics are very clear and it is quite suitable for scalping trades that want to make short-term settlements. When it comes to XM trading, many people have a strong image of wide spreads, but that is about the standard account, not the zero account.

[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

narrow spreads

The biggest merit of the zero account is that the spread is narrow. There are other micro accounts and standard accounts, but KIWAMI has the narrowest spread among all account types, followed by this zero account.

[XM Trading: For beginners] Reasons for wide spreads and the relationship between bonuses Recommended accounts

XM Trading is a company with wide spreads among Forex companies. However, wide spreads are very disliked by traders. Why is XM widening spreads? This has a lot to do with bonuses.

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2023.02.06

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.

trading instruments

Zero accounts do not handle virtual currency CFDs. Compared to other account types, the products that can be traded are limited, so if you want to trade cryptocurrencies, open a standard or micro account.

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.

[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.

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2022.12.31

High minimum deposit

Although it is a disadvantage of the zero account, 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 that amount. In other words, it will be an account type for advanced traders.

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.

[XMTrading: For FX Beginners] Latest bonus types and campaigns Thorough explanation of how to open an account and receive deposit bonus

Among the many Forex companies around the world, XM is said to be one of the Forex companies with a substantial deposit bonus. There are three types of XM bonus campaigns: "account opening bonus", "deposit bonus" and "loyalty points". I will explain the main contents.

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2023.01.01

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

People who can recommend a zero account are the following people.

scalping trader

The “scalping trader” can recommend a zero account. Zero accounts charge an external fee for each trade, but the spreads are very tight.

Trade with own funds

Zero accounts basically have almost no bonuses. Recommended for those who want to trade in a better environment with narrower spreads even if they risk their own funds.

currency pair spread