目次
- Best XM Account Type for Trading Gold (GOLD/XAUUSD)
- XM Gold (GOLD) Leverage Comparison
- XM Gold (GOLD) Spread Comparison
- Pips and Valuation of 1 Lot of Gold
- Effective Cost of the Standard Account Including XMP Rewards
- XM Gold (XAUUSD) Swap Comparison
- Recommended Account Types for Gold Trading on XM
- 1. KIWAMI Extreme Account: The Main Choice for Gold Trading
- 2. Standard Account: A Sub Account for Deposit Bonuses
- 3. Zero Account: For Special EA Use Only
- Conclusion: KIWAMI Extreme is Recommended for XM Gold Trading
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Best XM Account Type for Trading Gold (GOLD/XAUUSD)
Gold (GOLD/XAUUSD) is literally the CFD trading of gold prices.
It has been known for massive volatility since breaking out of its stagnation period in 2019. It is an extremely popular CFD instrument in overseas FX because you can aim for profits in a short period, and it has a relatively low spread considering its volatility.
While you can naturally trade Gold on XM, it is an instrument where spreads and swaps vary greatly depending on the account type.
To get straight to the point, the most recommended account for Gold trading on XM is the 'KIWAMI Extreme Account'.
This article compares XM's three main accounts, focusing on spreads, leverage, and swaps, which are particularly important in Gold trading.
XM Gold (GOLD) Leverage Comparison
| Symbol | Leverage |
|---|---|
| GOLD | 1,000x |
| XAUJPY | 1,000x |
| XAUEUR | 1,000x |
| GAUUSD | 1,000x |
| XAUCNH | 400x |
| GAUCNH | 400x |
The leverage for Gold (GOLD) on XM is set to the exact same 1,000x even on the Zero Account.
While the Zero Account's weakness in Forex is that its maximum leverage is capped at 500x, the gap with the KIWAMI Account is narrowed when it comes to Gold trading.
Although not many people may trade them, cross currencies like Gram Gold and XAUEUR also have 1,000x leverage, while only the CNH pairs are 400x.
XM Gold (GOLD) Spread Comparison
First, let's compare the spreads, which you are probably most concerned about as they occur every time you trade.
The average cost per 1 lot (100 ounces) is as follows:
| Account Type | Spread | Commission | Total Cost |
|---|---|---|---|
| Standard | Approx. 3.9 pips | Free | Approx. 3.9 pips |
| ZERO | Approx. 1.2 pips | $10 round trip | Approx. 2.2 pips |
| KIWAMI Extreme | Approx. 2.0 pips | Free | Approx. 2.0 pips |
The Zero account has the narrowest displayed spread, but since it charges a separate fee of $10 round trip per lot, the KIWAMI account has the advantage in effective cost.
If you lean towards short-term trading like scalping, there is no other choice but the KIWAMI account.
Pips and Valuation of 1 Lot of Gold
On XM, 1 Lot of Gold trading equals 100 ounces.
Here is an example calculation when USDJPY is 157 JPY and you trade 1 Lot (100 oz) of Gold:
- 1 pip ($0.1 width): $10
- 10 pips ($1.0 width): $100
Converting the spread to JPY:
- 2.0 pips (KIWAMI): Approx. 3,140 JPY
- 3.9 pips (Standard): Approx. 6,123 JPY
Thus, a difference of nearly 3,000 JPY occurs per trade depending on the account type.
While JPY-denominated pairs like USDJPY have fixed rates in JPY, GOLD is denominated in USD, so its value is affected by exchange rates.
Effective Cost of the Standard Account Including XMP Rewards
Only on the Standard account, you are granted XM Points (XMP) when you hold a position for 5 minutes or more.
If you raise your rank to the highest ELITE, you generate a fair amount of points, so we calculated it as the effective cost.
Calculation Conditions:
- GOLD 1 Lot: 1 pip = $10
- ELITE Rank: 30 XMP / Lot
- Credit Conversion: XMP ÷ 3 = Equivalent in USD
Converting 30 XMP into credit gives you $10 worth,
Which means you get a reward equivalent to 1.0 pip for 1 lot of Gold.
| Item | pips |
|---|---|
| Standard Account Spread | 3.9 pips |
| XMP Reward (Elite) | -1.0 pips |
| Effective Cost | Approx. 2.9 pips |
As you can see, even if you maximize the XMP point rewards, it does not reach the KIWAMI Extreme Account's spread of approx. 2.0 pips.
Although points have the advantage of being used as margin, the superiority of the KIWAMI account remains unchanged.
XM Gold (XAUUSD) Swap Comparison
Next, let's compare the swap points generated when holding a position overnight.
These are estimates based on data per 1 lot as of March 2026.
XM Swap List for All Instruments
| Account Type | Buy (Long) | Sell (Short) |
|---|---|---|
| Standard Account | -146.48 | 3.13 |
| Zero Account | -146.48 | 3.13 |
| KIWAMI Extreme | 0.0 (Swap-free) | 0.0 (Swap-free) |
A buy position on Gold generates a large amount of negative swap.
If you hold a buy position for several days on the Standard account, your profits will be considerably shaved off even if the position is in profit.
On the other hand, the KIWAMI Extreme Account introduces a 'Swap-free' system.
There is no cost burden even for long-term buy holdings, which is incredibly reassuring for swing trading.
Recommended Account Types for Gold Trading on XM
1. KIWAMI Extreme Account: The Main Choice for Gold Trading
It is suitable for scalping because it has the narrowest spread and free trading commissions,
Furthermore, it is swap-free, making swing trading safe as well. It has no flaws.
If Gold is your main battlefield, choosing this account as your main without hesitation is the right answer.
Open a KIWAMI Extreme Account on XM
2. Standard Account: A Sub Account for Deposit Bonuses
It is suitable for gambling-style trades aiming to strike it rich with a small margin using the 100% deposit bonus.
Considering Gold's fierce volatility, scenarios like "I got zero-cut on the KIWAMI account, but if I had just a bit more margin, it would have turned into a profit" are conceivable.
3. Zero Account: For Special EA Use Only
In discretionary trading, there is no particular reason to choose the Zero account over the KIWAMI account.
The Zero account should probably be limited to special uses like the following:
- When using an EA that requires a low spread environment.
- When your trading volume is extremely large and you want to declare trading commissions as expenses for tax returns.
Unlike the Standard and KIWAMI accounts, the maximum leverage is limited to 500x in Forex, which is a minus.
However, interpreting it positively, with Gold's fierce price movements, one might say that this level of leverage allows you to trade with peace of mind.
Conclusion: KIWAMI Extreme is Recommended for XM Gold Trading
The optimal solution for Gold trading on XM in 2026 is the KIWAMI account.
- If you purely want to earn: KIWAMI Extreme Account (Low spread + Swap-free)
In particular, the swap-free KIWAMI Extreme account is quite attractive in a constantly rising trend for Gold, where "long-term holding of buy positions" would normally incur negative swaps.
However, since XM's Standard Account allows you to increase your margin with a 100% deposit bonus (up to a certain amount), the Standard Account also has its highlights, making it easier to avoid zero cuts when starting with a small amount.
Open an XM Account and Start Trading
