XM Offers 3 Base Currencies
For global users, XM allows you to choose from three base currencies for your account:
- United States Dollar (USD)
- Euro (EUR)
- Japanese Yen (JPY)
You can choose the one that suits you best.
For instructions on how to open or add an account, please refer to the following article.
Basically, USD is Recommended
Unless you reside in Japan or Europe, **we strongly recommend choosing the US Dollar (USD)**.
The reasons are simple:
- Global Standard: USD is the key currency of the world. It is the most versatile.
- Crypto Compatibility: If you deposit using cryptocurrencies like USDT, managing your funds in USD is much more intuitive as the values are pegged or similar.
Since XM does not offer many local currencies (like CNY), managing your funds in the world's standard currency, USD, is the safest choice.
Psychological Benefits of USD and EUR
As of April 2025, the exchange rate is roughly 142 JPY to 1 USD.
Comparing USD/EUR to currencies with large denominations like JPY, there is a psychological merit: **the digits displayed on your account balance are smaller.**
I believe this helps many people view their positions and charts more calmly.
Rather than seeing a floating profit/loss of "20,000" (in JPY), seeing it as "$140" feels simpler and allows you to look at it more objectively, almost like it's someone else's money.
- "I get too emotional with large numbers."
- "I want to focus on winning trades first!"
For such traders, using USD (or EUR) is highly effective for mental control.
