目次
- Best XM Account Type for Trading USDJPY
- XM USDJPY Spread Comparison
- Effective Cost Including XMP(Standard Account)
- XM USDJPY Swap Comparison
- Recommended XM Account for USDJPY
- 1.KIWAMI Account
- 2.Standard Account
- 3.ZERO Account
- Summary
- FAQ
- Which XM account is best for trading USDJPY?
- How much does XMP reduce trading costs?
- Is the ZERO account suitable for trading USDJPY?
Best XM Account Type for Trading USDJPY
USDJPY is one of the most popular currency pairs in the forex market.
XM allows trading USDJPY on several account types, but spreads, commissions, and swap conditions differ depending on the account.
- KIWAMI Account
- Standard Account
- ZERO Account
In most cases, the KIWAMI account is the best option for trading USDJPY.
This article compares XM's three account types and explains the advantages and disadvantages of each when trading USDJPY.
XM USDJPY Spread Comparison
First, let's compare spreads, which directly affect trading costs.
The typical cost per 1lot(100,000units)is as follows.
| Account Type | Spread | Commission | Total Cost |
|---|---|---|---|
| Standard | about2.4pips | Free | about2.4pips |
| ZERO | about0.0pips | $10roundtrip | about1.0–1.1pips |
| KIWAMI | about0.7pips | Free | about0.7pips |
At first glance the ZERO account appears to have the lowest spread.
However, the ZERO account charges a $10commission per lot round trip.
As a result, the KIWAMI account is usually cheaper overall.
Effective Cost Including XMP(Standard Account)
The Standard account earns XMPoints(XMP) when positions are held for more than5minutes.
These points can be converted into bonus credit and used for trading, effectively reducing the spread.
XMP can also be converted to cash, but the exchange rate is significantly lower.
Assumptions
- USDJPYvalue per pip:about$10per lot
- Standard account spread:2.4pips
- Elite status reward:30XMPper lot
- Credit conversion:XMP÷3=USDvalue
30XMP÷3=$10
That equals roughly1.0pip.
| Item | pips |
|---|---|
| Standard spread | 2.4pips |
| XMPrebate(Elite) | -1.0pips |
| Effective cost | about1.4pips |
Even with the maximum XMP rebate, it still doesnot beat the KIWAMI account's0.7pipspread.
If minimizing trading costs is the priority, KIWAMI remains the better choice.
XM USDJPY Swap Comparison
Next, let's compare swap rates when positions are held overnight.
| Account Type | Long | Short |
|---|---|---|
| KIWAMI | 0.0(swap-free) | 0.0(swap-free) |
| Standard | 0.95 | -26.85 |
| ZERO | 0.95 | -26.85 |
USDJPY is strongly influenced by the interest rate difference between Japan and the United States.
Short positions often incur negative swap charges.
However, the KIWAMI account is swap-free, which is especially beneficial for swing trading.
Recommended XM Account for USDJPY
1.KIWAMI Account
- Low spreads
- No trading commission
- Swap-free USDJPY
This makes the KIWAMI account the most cost-efficient choice for trading USDJPY.
2.Standard Account
The Standard account's main advantage is thedeposit bonus.
3.ZERO Account
The ZERO account offers very tight spreads but charges commissions.
In most cases the overall cost is still higher than KIWAMI.
Summary
- Lowest trading cost:KIWAMI account
- Bonus trading:Standard account
Because USDJPY often has large negative swaps, theswap-free KIWAMI account is usually the best match.
FAQ
Which XM account is best for trading USDJPY?
For most traders theKIWAMI accountis the safest choice due to its lower spread and swap-free USDJPY.
How much does XMP reduce trading costs?
Elite status gives30XMPper lot.Converted to credit(XMP÷3),this equals roughly1pipof rebate.
Is the ZERO account suitable for trading USDJPY?
Although spreads are tight, commissions apply.Overall cost is often higher than the KIWAMI account.
