目次
- Recommended XM Accounts for Trading EUR/USD
- XM EUR/USD Leverage Comparison
- XM EUR/USD Spread Comparison
- Pips and Valuation of 1 Lot of EUR/USD
- Effective Cost Including XMP (Standard Account)
- XM EUR/USD Swap Points Comparison
- Recommended Account Types for EUR/USD Trading on XM
- 1. Standard Account: Maximize Bonuses and XMP
- 2. KIWAMI Extreme Account: The All-Rounder for Swing Trading (to Avoid Negative Swaps) and Scalping
- 3. Zero Account: For Niche EAs or Extremely High Earnings
- Conclusion: Account Selection Based on Purpose is Key to Conquering EUR/USD
![[Until 5/15] XM Limited-Time Account Opening Bonus $15,000!](/images/xm-15th-2026-03-24-14-16-1480.webp)
Recommended XM Accounts for Trading EUR/USD
EUR/USD, alongside USD/JPY, is the world's largest major currency pair.
It tends to have slightly more volatility than USD/JPY, and its spreads are often comparable or even narrower, making it a favorite among intermediate to advanced traders.
Among traders, it is sometimes affectionately referred to as "Fiber".
You can, of course, trade EUR/USD on XM, but spreads and swap conditions differ significantly depending on the account type:
- Standard Account
- KIWAMI Extreme Account
- Zero Account
To get straight to the point, we recommend using both the 'Standard Account' and the 'KIWAMI Extreme Account' strategically for EUR/USD trading on XM.
Since the KIWAMI Extreme Account is usually the strongest choice for most currency pairs on XM, it might be surprising to see the Standard Account as a viable option here.
In this article, we summarize the pros and cons of trading EUR/USD across XM's three account types.
XM EUR/USD 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 EUR/USD Spread Comparison
Let's compare the spreads, which directly impact your trading costs.
The average trading cost per 1 lot (100,000 currency units) is as follows:
| Account Type | Spread | Commission | Total Cost |
|---|---|---|---|
| Standard | Approx. 1.9 pips | Free | Approx. 1.9 pips |
| Zero | Approx. 0.3 pips | $10 round trip | Approx. 1.3 pips |
| KIWAMI Extreme | Approx. 1.0 pips | Free | Approx. 1.0 pips |
Although the displayed spread is narrowest on the Zero account,
because the Zero account charges a $10 round-trip trading commission per lot,
in terms of overall trading costs, the KIWAMI Extreme Account is advantageous in most cases.
Pips and Valuation of 1 Lot of EUR/USD
In overseas FX, 1 Lot equals 100,000 currency units (100,000 EUR).
Since profits and losses are calculated in the quote currency (USD),
if USD/JPY is at 157 JPY, trading 1 Lot of EUR/USD incurs the following costs:
- 1 pip ($0.0001 width) = $10 (approx. 1,570 JPY)
- 10 pips ($0.001 width) = $100 (approx. 15,700 JPY)
Converting the spread to JPY:
- 1.0 pips (KIWAMI Extreme) → Approx. 1,570 JPY
- 1.9 pips (Standard) → Approx. 2,983 JPY
As you can see, there is a difference of about 1,400 JPY per trade depending on the account type.
Since it is a direct USD pair, the JPY equivalent fluctuates depending on the exchange rate.
Effective Cost Including XMP (Standard Account)
On the Standard account, holding a position for 5 minutes or more grants you XM Points (XMP).
The amount of XMP awarded varies by your Loyalty Status (rank), and you can lower your effective trading costs by redeeming them for trading bonuses.
| Status | Required Volumeper quarter | 1Lot XMP per Lot |
|---|---|---|
| Bronze | None | 10 XMP |
| Silver | 2000K USD+20Lot〜 | Up to 12.5 XMP |
| Gold | 1,0000K USD+100Lot〜 | Up to 15 XMP |
| Platinum | 5,0000K USD+500Lot〜 | Up to 20 XMP |
| Elite | 300M USD+3,000Lot〜 | Up to 30 XMP |
They can also be redeemed for cash, but the conversion rate is lower compared to bonuses.
Reaching the highest ELITE rank yields points roughly equivalent to 1 pip, so we calculated this as the effective cost.
Calculation Conditions:
- EUR/USD 1 Lot: 1 pip = $10
- Standard Account Avg Spread: 1.9 pips
- ELITE Rank: 30 XMP / Lot
- Credit Conversion: XMP ÷ 3 = Equivalent in USD
Converting 30 XMP into bonus credit gives you $10 worth,
meaning you get a reward equivalent to 1.0 pip per 1 lot of EUR/USD.
| Item | pips |
|---|---|
| Standard Account Spread | 1.9 pips |
| XMP Reward (Elite Assumption) | -1.0 pips |
| Effective Cost | Approx. 0.9 pips |
What you should note here is that, when fully utilizing the point reward, the Standard Account actually slightly edges out the KIWAMI Extreme Account (1.0 pips), offering the lowest cost.
Because EUR/USD is set with narrower spreads compared to JPY pairs, it is an instrument where you can easily reap the benefits of XMP rewards.
While reaching the ELITE rank in the XM Loyalty Program is no easy feat,
for those who have reached ELITE, trading on the Standard Account is a perfectly viable option, provided they do not hold positions overnight.
XM EUR/USD Swap Points Comparison
Next, let's compare the swap points incurred when holding a position overnight.
Swaps are estimated values based on data per 1 lot as of March 2026.
XM Swap List for All Instruments on Standard and Zero Accounts
| Account Type | Buy (Long) | Sell (Short) |
|---|---|---|
| KIWAMI Extreme Account | 0.0 (Swap-free) | 0.0 (Swap-free) |
| Standard Account | -9.03 (approx. -1,418 JPY) | 2.57 (approx. 403 JPY) |
| Zero Account | -9.03 (approx. -1,418 JPY) | 2.57 (approx. 403 JPY) |
Likely due to interest rate differentials, a buy (long) position on EUR/USD generates a significant amount of negative swap.
If you hold a long position for several days on the Standard or Zero account, your profits will be slowly chipped away even if the position has floating gains.
In contrast, the KIWAMI Extreme Account implements a 'Swap-free' system, meaning there is no cost burden even for long-term buy holdings.
It is perfectly suited for swing trading that spans multiple days.
Recommended Account Types for EUR/USD Trading on XM
1. Standard Account: Maximize Bonuses and XMP
Since the base spread for EUR/USD is already narrow, the effective spread can be lowered significantly on the Standard account when XMP rewards are included.
When combined with its greatest strength—the deposit bonus—this account type allows you to trade efficiently even with limited funds.
2. KIWAMI Extreme Account: The All-Rounder for Swing Trading (to Avoid Negative Swaps) and Scalping
As a core feature of the KIWAMI account, its spread is sufficiently narrow even without XMP, but above all, the benefit of being swap-free is massive.
If your main strategy is swing trading where you hold EUR/USD for days or weeks, this account is undoubtedly the right answer.
Additionally, while your XM Loyalty Program rank is still low, the KIWAMI account's low spreads are very reassuring.
Open a KIWAMI Extreme Account on XM
3. Zero Account: For Niche EAs or Extremely High Earnings
There is no compelling reason to specifically choose the Zero account for discretionary trading.
Considering its maximum leverage is capped at 500x, it is inferior to other accounts when trading EUR/USD.
Its use is likely limited to scenarios where you run an EA requiring low displayed spreads, or if your profits are so large that you wish to declare trading commissions as miscellaneous business expenses.
Since the commission of a paid account can be expensed, the Zero account technically offers the lowest tax liability.
Conclusion: Account Selection Based on Purpose is Key to Conquering EUR/USD
In 2026, there are two optimal patterns for trading EUR/USD on XM:
- Lower Effective Costs While Using Bonuses: Standard Account
- Swing Trading Without Worrying About Swaps: KIWAMI Extreme Account
EUR/USD is one of the instruments where the power of XMP rewards is most apparent. An efficient approach is to start trading on the Standard account while receiving deposit bonuses, and then strategically use the KIWAMI Extreme account alongside it depending on your current Loyalty rank.
Open an XM Account and Start Trading
