XMTrading Account Types Compared: Standard, Micro, KIWAMI, and Zero

Our XM cashback calculator lets you plug in an account type and see a rebate rate, but it doesn't explain what actually separates one XMTrading account from another. This article does that: the four account types XMTrading actually offers, what differs between them, and how that difference feeds into the cashback you earn through CB-Dogs.

Key takeaways

• XMTrading's own site lists exactly four account types: Standard, Micro, KIWAMI, and Zero — not the 'Ultra Low' account some XM-branded sites elsewhere describe, which belongs to a different XM Group entity, not XMTrading.
• Standard, Micro, and KIWAMI are spread-only accounts with $0 commission; Zero charges a disclosed commission on top of a much tighter spread.
• Maximum leverage is 1000:1 on Standard, Micro, and KIWAMI, and 500:1 on Zero, tiered down as your account equity grows.
• Only Standard and Micro are eligible for XMTrading's deposit bonus; KIWAMI and Zero are not, though all four can receive the account-opening bonus where offered.
• Your CB-Dogs cashback rate is set per account type, so the account you pick changes both your trading costs and your rebate — see the live rates below.

The short answer

XMTrading currently offers four real account types: Standard, Micro, KIWAMI, and Zero. Standard, Micro, and KIWAMI are spread-only — you pay no separate commission, and the cost is built entirely into the spread, following the same principle covered in our general raw spread vs. standard accounts guide. Zero flips that: a much tighter, closer-to-raw spread plus a disclosed per-trade commission. Leverage tops out at 1000:1 on the first three and 500:1 on Zero, and each account type carries its own CB-Dogs cashback rate.

The four account types at a glance

"Instrument groups" refers to XMTrading's own eight product categories (forex, crypto derivatives, precious metals, equity indices, stock derivatives, commodities, energies, and thematic indices) — not the number of individual symbols, which is far larger and changes over time. Stop-out level (the point at which XMTrading automatically closes positions) is 20% of required margin on all four account types; see our XM leverage explained guide for how that works alongside the leverage tiers. KIWAMI is the only account type XMTrading explicitly confirms a swap-free option for; whether Standard, Micro, or Zero offer one wasn't stated on the pages checked.

Standard

Standard is XMTrading's default account type — the account automatically created when you first complete your profile is a Standard account (on MT5, at 1000:1 leverage, in JPY by default). It's a spread-only account: no separate commission, spreads quoted from as low as 1 pip, and access to all eight of XMTrading's instrument groups including thematic indices. It's eligible for both the account-opening bonus and the deposit bonus where those promotions are running, and its maximum leverage is the full 1000:1 (within the lowest equity tier — see the leverage guide for the full tiered schedule).

Micro

Micro carries the same headline terms as Standard — spreads from 1 pip, $0 commission, up to 1000:1 leverage, the same three base currencies, and the same $5 minimum deposit — with one confirmed difference: XMTrading's own instrument list for Micro leaves out thematic indices, where Standard includes them. Historically, "Micro" accounts across the industry are also sized around smaller minimum trade volumes (micro lots) than a Standard account, which would suit a smaller starting balance or a trader who wants finer position-sizing control — XMTrading's own account-types page doesn't spell out a contract-size difference explicitly, so treat that specific point as a detail to confirm on the account itself rather than a guaranteed feature.

KIWAMI

KIWAMI is XMTrading's tightened-spread tier: spreads from 0.6 pip, still $0 commission, still up to 1000:1 leverage, and access to all eight instrument groups including thematic indices. Two things set it apart from Standard and Micro. First, it isn't eligible for XMTrading's deposit bonus (only the account-opening bonus, where offered). Second, it's the only one of the four account types XMTrading explicitly confirms as offering a swap-free option — and even then, only "on specific instruments," not account-wide. If avoiding overnight swap matters to your strategy, see our general swap-free accounts guide for how swap-free eligibility and restrictions typically work, then confirm the exact symbol list for KIWAMI directly with XMTrading before relying on it.

Zero

Zero is the commission-based account: spreads from 0 pips (as close to raw interbank pricing as the other three get, in principle), plus a disclosed commission of $10 per $100,000 traded, round turn (that is, $10 covers both opening and closing the position combined). On MT4, that full $10 is deducted at the time you place the trade; on MT5, it's split and deducted separately at entry and at exit. Zero's maximum leverage is capped lower than the other three, at 500:1, and its instrument list is the narrowest of the four — no crypto derivatives and no thematic indices. It's also not eligible for the deposit bonus. Our general commission per lot guide covers the round-turn-vs-per-side distinction in more depth if you want the full mechanics.

Which account type fits which trader

There's no universally "best" account — it depends on how you trade:

• Frequent, smaller-size trading: Micro's lower barrier to entry (subject to confirming its actual minimum trade size) can suit someone building up volume gradually.
• Simplicity, no separate commission line: Standard is the straightforward default, with the widest bonus eligibility of the four.
• Cost-sensitive, high-frequency, or EA/algo trading: KIWAMI's tighter published spread, still with no separate commission, is worth comparing directly against Zero's spread-plus-commission structure for your specific trading style.
• Traders who want to see spread and commission itemized separately: Zero's transparent, disclosed per-trade commission appeals to traders who want to audit their exact cost per trade rather than have it folded into the spread.

None of this is trading advice, and no account type changes your odds of profiting — it only changes your cost structure and, through that, your break-even point on any given trade.

How your account type affects your CB-Dogs cashback

CB-Dogs pays a different cashback rate per standard lot depending on which XMTrading account type your trades are reported under, because the underlying IB commission XMTrading pays us also varies by account type. Current rates:

Once you've picked an account type, register with CB-Dogs before opening it so your trading is tracked from the start. If you already have an XMTrading account opened outside CB-Dogs, or through a different partner, see our guide to opening an additional XM account instead — an existing account usually can't be re-linked directly.

Frequently asked questions

Does XMTrading offer an 'Ultra Low' account?

No. XMTrading's own site lists four account types — Standard, Micro, KIWAMI, and Zero. 'Ultra Low' is offered by a different XM Group entity (commonly referred to as XM Global), not by XMTrading.

Can I change my account type after opening it?

Which XMTrading account type has the highest cashback rate with CB-Dogs?

Is a commission-based account (Zero) always cheaper than a spread-only account?

Do all four account types have the same minimum deposit?

Which account types can use a deposit bonus?

Related reading

• XM minimum deposit by account type — the full funding-method breakdown behind the $5 figure above.
• XM leverage explained — how the equity-based leverage tiers and Zero's lower cap actually work.
• Is XM (XMTrading) legit? — the regulator, licence numbers, and how to verify them yourself.
• Raw spread vs. standard accounts, which is cheaper? — the general version of the spread-vs-commission trade-off.
• Forex rebate vs. deposit bonus — useful if you're weighing Standard/Micro's deposit-bonus eligibility against a straight cashback rebate.
• Opening an additional XM account — for linking a new account type to CB-Dogs when you already hold one XMTrading account.
• XM broker page — live cashback rates and hold-period details for every account type.