Which XM Account is Best for Trading Crude Oil (USOIL)? Real Spreads and Swaps Compared

Crude Oil (WTI/BRENT/USOIL) is literally the CFD and futures trading of oil prices.

Its volatility is top-class among all CFD instruments. We saw it drop to negative prices in April 2020, only to skyrocket near $120 shortly after.
In 2026, it was ranging around $60, but surged back near $120 following US military strikes in Iran, before rapidly plunging back to the $80 range.

Because of these massive price movements that can sometimes make even Gold look tame, it attracts significant attention from overseas FX traders when a trend emerges.

While Oil is actively traded on XM, CFD instruments on XM have unique settings.
The "recommended account" and "trading rules" are completely different from Forex pairs like USDJPY.

To get straight to the point, using both the 'KIWAMI Extreme Account' and the 'Standard Account' strategically is highly recommended for trading Oil on XM.

This article summarizes the differences between account types for Oil trading and the crucial distinctions between "Cash" and "Futures" that you absolutely must know.

XM Crude Oil (OIL/WTI) Spread Comparison

First, let's compare the spreads, which directly impact your trading costs.

The average cost per 1 lot (100 barrels) of "WTI Crude Oil Cash", the most traded oil instrument on XM, is as follows.

What you should note here is that the KIWAMI Extreme Account (Symbol: OILCash#) offers clearly narrower spreads than the other accounts.

Even compared to the commission-free spread (approx. 5.0 pips) of the Zero Account, the pure trading cost of the KIWAMI Extreme Account is significantly cheaper.

The Benefits of XMP (Point Rewards) in Oil Trading

While the KIWAMI Extreme Account has a clear advantage in spreads, we must not forget the 'Standard Account', which grants XM Points (XMP) on every trade.

With the Standard Account, you can lower the effective spread by exchanging accumulated XMP for bonuses.
Furthermore, you can receive XM's greatest strength: the 'Deposit Bonus'.

When trading highly volatile instruments like Oil, bulking up your margin with bonuses to withstand potential stop-outs is an extremely effective strategy.
Therefore, the standard approach is to use the KIWAMI Extreme Account for pure low costs, and the Standard Account if you want to increase your margin maintenance ratio.

[Important] The Trap of Oil Trading! Cash vs. Futures

When searching for Oil on XM's MT5, you will see two types of WTI Oil:

• OILCash (Cash/Spot)
• OIL-〇〇 (Futures / 〇〇 indicates the expiration month)

These two have completely different rules regarding "Swap Points" and "Expiration Dates (Rollover)", so you must use them selectively based on your trading style.

'OILCash' for Day Trading

OILCash offers narrower spreads but incurs negative swap points deducted from your account balance if you hold a position overnight, regardless of whether you are long or short.

Therefore, it is the optimal instrument for day trading or scalping where you close positions within the same day.
Since there is no expiration date, chart analysis can be done straightforwardly.

'OIL' (Futures) for Swing Trading

OIL (Futures) has slightly wider spreads but incurs absolutely no swap points.

Since there is no cost for holding positions over several days or weeks, it is perfectly suited for swing trading to catch massive trends.
However, please be aware that futures have an expiration date (rollover date), and positions will be forcefully closed on that date regardless of floating profits or losses.

Conclusion: Use KIWAMI and Standard Strategically for Oil Trading

In 2026, the optimal solution for trading Crude Oil (USOIL/WTI) on XM is simple.

• Pure Low Costs: KIWAMI Extreme Account (OILCash#)
• Boost Margin with Bonuses: Standard Account
• Day Trading: Cash (OILCash)
• Swing Trading: Futures (OIL)

Oil trading has unique rules compared to Forex. The smartest move is to initially secure ample margin with the deposit bonus on the Standard Account, switch between Cash and Futures depending on the trend, and then migrate to the KIWAMI Extreme Account once your capital has grown.

Open an XM Account and Start Trading

関連記事

What is XM/XMTrading?

How to Open/Add an XM Account