XM Zero Account

XMTrading’s Zero account is an account type that offers narrow spreads starting from a minimum of 0 pips . Since Zero accounts incur trading fees, the spreads including fees are narrower for KIWAMI accounts. However, because the spreads are narrower, it is possible to keep total trading costs lower than for Standard and Micro accounts.

XM Zero Account Trading Conditions (Features)

XMTrading’s Zero account keeps spreads as low as possible and is structured so that external trading fees are incurred. Therefore, the trading cost incurred when trading with a Zero account is the sum of the “spread” and the “trading fee. “

For Standard Accounts, Micro Accounts, and KIWAMI Accounts, which have no transaction fees, the only transaction cost that traders pay to FX brokers when making a transaction is the spread. For Zero Accounts, transaction costs must be calculated by adding the transaction fee to the spread.

When trading fees are required in addition to spreads, it may seem like overall trading costs are high, but XM’s Zero Account keeps spreads to an absolute minimum, making its total trading costs the second lowest of the four account types, after the KIWAMI Account .

What is the spread unit, pips?

The spread refers to the difference between the bid and ask prices of a trading currency pair. The narrower this spread is, the lower the transaction costs, creating a more favorable trading environment for customers. Spreads are usually expressed in units called “pips.” Pips represent the minimum price movement, and by using pips, it is possible to express the trading conditions of each instrument using the same unit even for currency pairs that use different units.

For example, the rate units vary depending on the currency pair, such as yen, sen, dollars, or cents, such as “the spread between the US dollar and yen is 1 sen” and “the spread between the euro and US dollar is 0.02 cents.” However, by using pips, these different currencies can be expressed in a uniform unit, such as “the spread between the US dollar and yen is 1 pip” and “the spread between the euro and US dollar is 2 pips.”

How much is 1 pip?

The value of pips varies depending on the currency pair. For currency pairs where the settlement currency is the yen, such as the US dollar/yen (USD/JPY) or the euro/yen (EUR/JPY), 1 pip is equivalent to 0.01 yen, and for currency pairs where the settlement currency is the US dollar, such as the euro/US dollar (EUR/USD), 1 pip is equivalent to 0.01 cents (0.0001 dollars).

The above is the value of 1 pip per currency. For example, if you trade 1 lot of US Dollar/Japanese Yen (USD/JPY) with a spread of 1 pip, a 1 pip spread is worth 1 pip (0.01 yen) x 100,000 currency = 1,000 JPY.

To calculate trading costs like this, you need to calculate the pip value of the spread. By using XMTrading’s pips calculator, you can automatically calculate the pip value without having to do any complicated calculations.

XMTrading’s Zero account incurs a trading fee of 5 currencies one way (10 currencies round trip) for each lot traded. Therefore, the KIWAMI account, which offers zero commission and extremely small spreads starting from 0.6 pips, can reduce total costs. However, by offering narrow spreads as low as 0 pips, this account type offers lower overall trading costs than the Standard and Micro accounts, even when taking into account trading fees.

XM’s Zero account offers lower spreads for FX currency pairs, gold, and silver than the Standard account, Micro account, and KIWAMI account. To allow a fair comparison of the industry-leading, ultra-thin spreads of XM’s Zero account, XM publishes average spread values. Please note that spread values ​​fluctuate daily, so please check the latest figures when trading .

XM Average Spreads by Account Type ( as of September 2025 )

XM’s Zero Account is an account type that allows you to trade with narrow spreads starting from 0 pips . Due to external transaction fees, the Zero Account has higher total trading costs compared to the KIWAMI Account, which also has a low spread. However, for some currency pairs, the Zero Account offers lower trading costs even when transaction fees are taken into account. The Zero Account also allows you to trade with swap points while minimizing costs . The Zero Account is the only account type offered by XM that differs in maximum leverage and fee structure, so compare it with the Standard/Micro/KIWAMI Accounts to enjoy trading with XM under the best trading conditions.

The Zero account is recommended for those who want to trade some of XMTrading’s Oceania currency pairs with minimal trading costs. For major currency pairs such as the Euro/US Dollar (EURUSD) and the US Dollar/Yen (USDJPY), the KIWAMI account offers lower trading costs than the Zero account. However, for some Oceania currency pairs, the Zero account offers the lowest trading costs, even when taking into account the round-trip trading fee of 10 currencies per lot.

Comparison of average spreads including trading fees for XM’s Oceania currency pairs

Spreads are constantly changing, so please check the latest information.

As mentioned above, there are some currency pairs where the Zero Account is more cost-effective. If you wish to trade FX currency pairs, please compare the total trading costs, including trading fees, between the Zero Account and the KIWAMI Kyoku Account before trading. However, as there are differences in maximum leverage and swap points between the Zero Account and the KIWAMI Kyoku Account, please make a comprehensive decision, including trading conditions other than trading costs.

Comparison of specifications between XM Zero Account and KIWAMI Goku Account

When using the XMTrading Zero Account, please note the following points.

Zero account has 500x leverage

XMTrading’s Zero account allows for a maximum leverage of 500x, unlike the Standard/Micro/KIWAMI accounts, which have a maximum leverage of 1,000x . The higher the leverage, the less margin you can trade with, and conversely, the lower the leverage, the greater the required margin.

Example of margin requirements (per lot) for XM leverage

1. The required margin fluctuates depending on the exchange rate level, so please check the latest figures when trading.
2. For micro accounts, 1 lot = 1,000 units, so the required margin is 1/100 of the above.

To trade with an XM Zero Account, you will need a margin that is approximately 1.8 times that of a Standard/KIWAMI Account, but with narrow spreads starting from 0 pips, you can trade at low cost. Please choose the account type that best suits your trading conditions and trading style.

Trading fees incurred in an XMTrading Zero account are paid at different times depending on the trading platform you use: MT4 (MetaTrader 4) or MT5 (MetaTrader 5). For MT4, a 10-currency round-trip fee is deducted from your trading account balance when you open a position. For MT5, a 5-currency one-way trading fee is deducted from your balance when you open a position, and the remaining 5-currency one-way trading fee is deducted from your balance when you close the position. When trading with MT5, please note that the account currency conversion rate for the trading fee differs for each round-trip.

XM Zero Account trading fees can be viewed in the “Trade” tab of your MT4/MT5 terminal.

Zero accounts are only eligible for new account opening bonuses (trading bonuses).