目次
- Recommended XM Account Types for Trading EURJPY
- XM EURJPY Leverage Comparison
- XM EURJPY Spread Comparison
- EURJPY: 1 Lot Pips and JPY Conversion
- Real Cost Including XMP (The Standard Account Strikes Back)
- XM EURJPY Swap Points Comparison
- Which Account Type is Recommended for Trading EURJPY on XM?
- 1. Standard Account: The Best Choice for Longs and Day Trading
- 2. KIWAMI Ultra Low Account: Superior for Shorts
- 3. Zero Account: For Advanced Traders Who Want to Expense Commissions
- Conclusion: Choose Your EURJPY Account Based on "Direction" and "Rank"
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Recommended XM Account Types for Trading EURJPY
EURJPY is a cross/synthetic currency pair between the Euro and the Japanese Yen, boasting the second-largest trading volume globally.
Because of its high liquidity, it offers a perfect balance of moderate volatility and technical fidelity.
In fact, many Japanese traders prefer trading EURJPY over EURUSD.
At XM, your trading experience with EURJPY will change significantly depending on your account type, especially regarding spreads and swap conditions:
- KIWAMI Ultra Low Account
- Standard Account
- Zero Account
To give you the conclusion first: For EURJPY, depending on whether you are "Long or Short" and your "Loyalty Status," the Standard Account can actually be overwhelmingly more advantageous than the KIWAMI Ultra Low Account.
In this article, we will compare the three XM account types and explain the secret to choosing the best account for your EURJPY trading strategy.
XM EURJPY Leverage Comparison
| Standard | KIWAMIKIWAMI | Zero |
|---|---|---|
| 1,000x | 1,000x | 500x |
For XM's FX currency pairs, Standard and KIWAMI accounts offer up to 1,000x leverage, while the Zero account is capped at 500x.
The Standard account was previously limited to 888x leverage before being raised to 1,000x, but the Zero account remains unchanged with its somewhat modest leverage.
XM EURJPY Spread Comparison
First, let's compare the basic trading costs (spreads).
The average trading costs per 1 lot (100,000 units) are as follows:
| Account Type | Spread | Commission | Real Cost |
|---|---|---|---|
| Standard | Approx. 2.8 pips | Free | Approx. 2.8 pips |
| ZERO | Approx. 0.5 pips | $10 round turn | Approx. 1.5 pips |
| KIWAMI Ultra Low | Approx. 1.4 pips | Free | Approx. 1.4 pips |
Looking only at the spread, the KIWAMI account seems to be the most stable and superior choice.
However, when we factor in the discount from XM Points (XMP) for EURJPY, a completely different answer emerges.
EURJPY: 1 Lot Pips and JPY Conversion
In overseas Forex, 1 Lot is fixed at 100,000 units.
For cross-JPY pairs like EURJPY, the following rates apply (same as USDJPY):
- 1 pip = Approx. 1,000 JPY
- 10 pips = Approx. 10,000 JPY
This fixed rate of "1 pip = 1,000 JPY" becomes crucial when converting XMP to JPY in the next section.
Real Cost Including XMP (The Standard Account Strikes Back)
With the Standard Account, you earn XM Points (XMP) when you hold a position for more than 5 minutes.
By converting these points into bonus credit, you can significantly reduce your real spread.
Let's look at the return rate for the highest XM Loyalty Program rank, the "ELITE Rank."
Prerequisites:
- EURJPY 1 Lot: 1 pip = 1,000 JPY
- Standard Account Average Spread: 2.8 pips
- ELITE Rank: 30 XMP / Lot
- Credit Conversion: XMP ÷ 3 = USD equivalent
- USDJPY Exchange Rate: Calculated at 1 USD = 150 JPY
30 XMP ÷ 3 = $10 (Approx. 1,500 JPY)
Since 1 pip in EURJPY is 1,000 JPY, a bonus of 1,500 JPY equals a cost reduction of about 1.5 pips.
| Item | pips |
|---|---|
| Standard Account Spread | 2.8 pips |
| XMP Return (ELITE) | -1.5 pips |
| Real Cost | Approx. 1.3 pips |
When XMP is fully utilized, the real cost of the Standard Account becomes about 1.3 pips, beating the KIWAMI Ultra Low Account (1.4 pips) and becoming the lowest cost option.
The weaker the JPY (e.g., higher USDJPY rate), the higher the JPY conversion value of XMP becomes.
Therefore, for EURJPY day trading, the "ELITE Rank Standard Account" holds a significant advantage.
XM EURJPY Swap Points Comparison
An even more decisive difference than the spread is the swap points incurred when holding a position overnight.
As of 2026, the estimated swaps per 1 lot are as follows:
XM Swap Points List for All Currency Pairs and Gold
| Account Type | Long (Buy) | Short (Sell) |
|---|---|---|
| KIWAMI Ultra Low | 0.0 (Swap-free) | 0.0 (Swap-free) |
| Standard | Around +1,200 JPY | Around -2,000 JPY |
| Zero | Around +1,200 JPY | Around -2,000 JPY |
Due to the interest rate difference between the Euro and Japan, a Long (Buy) position in EURJPY yields a positive swap of over 1,000 JPY per day.
Since the KIWAMI Ultra Low Account is swap-free (for better or worse), you cannot earn these positive swaps even if you go long.
Which Account Type is Recommended for Trading EURJPY on XM?
Based on the cost and swap structures above, the correct answer for EURJPY trading depends on the "direction of your trade."
1. Standard Account: The Best Choice for Longs and Day Trading
- With XMP returns (at ELITE rank), the real cost rivals or beats the KIWAMI Ultra Low Account.
- Holding a long position overnight earns high positive swap points daily.
- Eligible for deposit bonuses.
For swing traders looking to "buy the dip" on EURJPY, or day traders who have reached the ELITE rank, the Standard Account is undeniably the most advantageous.
2. KIWAMI Ultra Low Account: Superior for Shorts
- Completely eliminates the severe negative swaps when shorting.
- Offers tight spreads right from the start, even if your loyalty rank is low.
Conversely, if you enter a "Short (Sell)" position with a Standard Account, your profits will be heavily eroded by a negative swap of about 2,000 JPY per day.
If you are adopting a short strategy on EURJPY, the swap-free KIWAMI Ultra Low Account is your only logical choice.
Open a KIWAMI Ultra Low Account with XM
3. Zero Account: For Advanced Traders Who Want to Expense Commissions
While the real cost of the Zero Account slightly lags behind the KIWAMI and Standard accounts, it offers a tax advantage: you can record the $10 round-turn commission as a business expense when filing tax returns (applicable in some jurisdictions like Japan).
The benefit of expensing trading commissions is most effective when making frequent, short-term trades.
Additionally, the stability of its tight spreads makes it suitable for running scalping-focused EAs (Automated Trading).
However, please note that since scalping primarily avoids carrying positions overnight, it becomes difficult to take advantage of EURJPY's biggest benefit: "positive swaps on longs."
Conclusion: Choose Your EURJPY Account Based on "Direction" and "Rank"
- Mainly Longs, or already reached ELITE rank: Standard Account
- Mainly Shorts, or currently at a low rank: KIWAMI Ultra Low Account
Beginners tend to think "the KIWAMI Ultra Low Account is always the best," but for cross-JPY pairs like EURJPY, the "positive swaps from interest rate differentials" and "increased XMP value due to a weak Yen" give the Standard Account a powerful edge.
Please choose your account wisely to match your own trading style.
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