XM provides a superior trading platform for USDJPY, offering up to 1,000 times leverage, zero trading fees, and the option for a swap-free account, distinguishing it from other forex brokers.

The broker allows scalping and automated trading, supports immediate credit card deposits, and offers a simple account opening process with no screening except for age restrictions.

Key advantages of trading USDJPY on XM include the availability of high leverage, which permits trades with minimal capital, and various account options that cater to different trading strategies and preferences.

Despite its benefits, some of the challenges include wider spreads on certain account types and potential transaction fees for zero accounts.

XM’s robust support for negative balance protection (NBP) and low stop-out levels enhances trading safety, making it a favored choice among both novice and experienced traders.

Advantages and Disadvantages of Trading USDJPY on XM – Why It’s Easier to Win Compared to Others

Here, we explain in detail the trading environment, conditions, and rules for trading USDJPY on XM.

On XM, USDJPY can be traded under conditions superior to other forex brokers, with “1,000 times high leverage”, “no trading fees”, “swap-free”, “NBP support”, and “scalping OK”.

Once you understand the advantages and disadvantages of trading USDJPY on XM, start trading with a free account opening bonus.

Features & Points of USDJPY on XM

Below are the features of trading USDJPY on XM (XMTrading).

• With a leverage of up to 1,000 times, you can place orders from around 1 USD
• The spread is as low as 0.9 pips & no trading fees
• Being swap-free, you don’t need to hurry to settle within the day

With XM, you can start trading forex, such as USDJPY, in just a few minutes.

Detailed Trading Environment, Conditions, and Rules of USDJPY on XM

Below are the detailed trading environment, conditions, and rules for USDJPY on XM (XMTrading).

The trading environment, conditions, and rules for USDJPY vary depending on the account type with XM.

What are XM account types?

Advantages and Disadvantages of Trading USD/JPY with XM

Here are the advantages and disadvantages of trading USD/JPY with an XM (XMTrading) Forex account.

• 1,000 times high leverage
• Orders can be placed for just a few USD
• No screening, start Forex trading today
• Card payment support for deposits in seconds
• Scalping OK
• Automated trading (auto trading) available
• Option to choose swap-free
• NBP support (no risk of debt)
• Low 20% stop-out level
• Live chat available during trading hours
• Spreads are a bit wide
• Zero account with narrow spreads has a transaction fee

USD/JPY is the most popular trading pair with FX brokers (FX broker/FX company) like XM. Trading pairs such as USD/JPY (USDJPY), gold, Bitcoin, Eurodollar (EURUSD), and Pound dollar (GBPUSD) are popular.

High Leverage up to 1,000 times at XM!

The biggest advantage of trading USD/JPY with XM (XMTrading) is the maximum 1,000 times high leverage.

At XM, you can trade USD/JPY (USDJPY) with XM’s maximum leverage of 1,000 times.

Higher leverage allows you to place orders with less capital (margin). The leverage in domestic accounts (domestic FX) like DMMFX is 25 times, which is low, so you need 40 times more funds to order USD/JPY at XM.

Leverage other than USD/JPY↗

What’s good about 1,000 times high leverage? (Including how to calculate the margin)

The order for USD/JPY that can be placed with 1.5 USD at FX broker XM (XMTrading) would need 60 USD at a domestic account.

The formula to calculate the necessary funds (margin) when ordering USD/JPY is the same whether you are dealing with an FX broker or a domestic FX broker (domestic FX company).

The funds required (margin) when ordering USD/JPY = 100,000 dollars/lot × 0.01 lot ÷ leverage × the exchange rate of USD/JPY

Furthermore, even if the leverage ratio changes and the margin changes, as long as the number of lots ordered remains the same, the profit or loss due to a movement of 0.01 yen in USD/JPY will be the same.

Comparison of Leverage for USD/JPY – Including Exness and FXGT

There are FX brokers where you can trade with higher leverage than XM, such as Exness and FXGT.

At FX brokers including XM (XMTrading), you cannot always trade the most popular pair, USD/JPY, with the maximum leverage.

As follows, considering the leverage restrictions that occur with USD/JPY, XM, which has simple and almost non-existent leverage restrictions, is recommended.

At XM, leverage restrictions occur only when the total funds deposited into XM exceed 40,000 USD. Most traders who do not plan to deposit high amounts do not need to worry about leverage restrictions.

Open an account (free)↗

You Can Trade USD/JPY at XM Starting Today

Account opening at FX broker XM (XMTrading) requires no screening other than age restrictions and is completed in minutes.

At XM, you can start trading the day you think, “I want to start Forex” or “I want to order USD/JPY (USDJPY).”

• Account opening requires no screening other than “no account opening for those under 18”
• Once you receive the account opening bonus, you can start Forex without making a deposit
• Because it supports card payments, you can deposit in seconds

XM supports card payments, so you can deposit in seconds just like online shopping on sites like Amazon.

Account Opening at XM, No Screening – Only Age Restrictions

There is no special screening for opening an FX account to trade USD/JPY with FX broker XM (XMTrading) other than age restrictions.

XM also offers a demo account for beginners who want to try trading FX and CFDs like gold for free. (The demo account has no age restrictions)

Here for a free demo account

XM Can Deposit in Seconds with Card Payment

XM (XMTrading) is an FX broker that allows deposits with credit and debit cards.

1. Account opening (a few seconds)
2. Identity verification (a few minutes)
3. Card deposit (a few seconds)

The most popular deposit method is bank transfer (bank deposit) in both domestic and international accounts. Bank deposits may be delayed until the next business hours depending on the timing.

XM now also supports deposits in seconds with ApplePay.

USD/JPY Trading at XM is Scalping OK & Automated Trading OK

FX broker XM (XMTrading) does not prohibit scalping for trading USD/JPY.

XM does not impose special trading restrictions on USD/JPY trading methods other than scalping.

XM’s KIWAMI extreme account makes USD/JPY swap-free, creating an easy trading environment and trading conditions, even for traders who do not scalp.

Here for account opening bonus

XM is not banned from scalping – You can make a profit in seconds

Since FX broker XM (XMTrading) does not prohibit scalping for trading USD/JPY, you can make a profit in seconds.

For example, even if you earn a high profit in seconds at the timing of currency intervention, XM does not prohibit scalping, so there is no profit cancellation (profit confiscation).

During currency intervention in USD/JPY, the exchange rate may advance 4 yen in an instant. Even with an order of 0.01 lots (margin 150 yen), if USD/JPY moves 4 yen, you can earn 40 USD in seconds.

Even FX brokers (FX brokers/FX companies) that do not ban scalping are seeing an increase in emerging brokers that cancel profits due to violations of terms and conditions during withdrawals.

You can choose swap-free for USD/JPY at XM

FX broker XM (XMTrading) provides a KIWAMI extreme account that allows trading USD/JPY swap-free.

In XM’s KIWAMI extreme account, you can trade not only FX currency pairs like USD/JPY but also CFDs like gold swap-free.

What is the KIWAMI Extreme Account?

“USD/JPY is Swap-Free” is Recommended for FX Beginners

The swap-free feature of the KIWAMI extreme account at FX broker XM (XMTrading) is recommended for traders trading USD/JPY for the first time.

In ordinary FX companies that are not swap-free, if you order USD/JPY and do not settle it the same day but carry it over to the next day, you will incur profit or loss according to the swap points.

Swap point figures change over time. Since negative swaps are frequent, it is necessary to check before ordering.

With XM’s KIWAMI extreme account, you don’t need to check complicated swap points; just check the price movement of USD/JPY.

Even if You Lose Big Trading USD/JPY at XM, You Won’t Incur Debt (NBP)

At FX broker XM (XMTrading), the Negative Balance Protection (NBP) feature ensures that traders trading USD/JPY for the first time will not incur debt even if they lose big.

XM publishes data indicating that the percentage of traders who are winning in FX is between 20% and 30%.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.

For traders trading USD/JPY for the first time, XM with NBP support (no margin calls) is recommended.

Official site (xmtrading.com)

What are the dangers of domestic accounts without NBP?

Accounts at FX brokers like XM (XMTrading) support NBP, but domestic accounts like DMMFX do not.

With XM, you can trade 1,000 times the self-funded capital you deposited. Therefore, there is a possibility of losses exceeding the self-funded capital if there is a sudden price movement in USD/JPY due to currency intervention, for example.

XM supports NBP, so if you lose big on USD/JPY and end up with a negative balance, all you have to do is wait until the balance is reset to 0 USD.

What happens if you lose big trading USD/JPY at XM?

If the chart moves in the opposite direction after you place an order for USD/JPY at FX broker XM (XMTrading), you will incur a loss.

XM has a stop-out level of 20%, so if losses increase and you lose up to 20% of the margin required for the USD/JPY order, it will be automatically stop-out.

If a sudden price movement occurs and XM’s stop-out does not happen in time, a negative balance occurs.

It is not guaranteed that you will always be NBP if you lose in FX. First, you will be stop-out.

XM FAQ here↗

XM’s Stop-Out Level is 20% – Lower Than Other Companies

The stop-out level at FX broker XM (XMTrading) is 20%. Stop-out levels differ among FX brokers.

Here is an example of the remaining balance after being stop-out when ordering 0.1 lots of USD/JPY at 150 yen per dollar.

A lower stop-out level is popular as it creates a better trading environment and conditions, as it is less likely to be stop-out immediately.

However, you do not have to wait until you are stop-out after ordering USD/JPY at XM. Make a stop-loss as needed.

Contact us here↗

Start for Free with XM’s Account Opening Bonus

With FX broker XM (XMTrading), you can start trading USD/JPY with zero self-funded capital thanks to the account opening bonus.

You can start FX with zero USD (no self-funded capital) or zero USD (no initial capital) with Hercules Finance’s account opening bonus.

XM offers an account opening bonus (no deposit bonus) that you can receive more than 10,000 yen, so you can place an order for about 0.7 lots of USD/JPY for free.

Self-funded capital for depositing can be reduced with 100% deposit bonus

Furthermore, XM (XMTrading) offers a 100% deposit bonus and a 20% deposit bonus just for depositing.

If you want to start FX at XM or trade USD/JPY (USDJPY) with high leverage of 1,000 times, just by opening an account you receive an account opening bonus of over 100 USD, and for your first total deposit of up to 500 USD, you receive a bonus equal to the deposit amount each time.

Latest Bonus List Here↗

Points to Note When Trading USD/JPY at XM

There are three points to note when trading USD/JPY with an XM (XMTrading) FX account.

• Leverage restrictions
• Spread
• Transaction fees

Hercules Finance introduces quick account opening. By registering your email address for account opening at XM, an FX account with XM’s most popular settings “Standard Account, Leverage 1,000 times, MT5” is automatically opened.

Leverage Restrictions for USD/JPY at XM

At FX broker XM (XMTrading), there may be leverage restrictions that prevent you from trading USD/JPY with 1,000 times high leverage.

• You chose a leverage other than 1,000 times at account opening
• You chose a Zero account at account opening
• There is more than 40,000 USD in funds at XM

You don’t particularly need to worry about XM’s leverage restrictions at first. We will explain the detailed reasons one by one.

You Can Choose the Leverage for USD/JPY at XM Freely

The leverage for USD/JPY at FX broker XM (XMTrading) can be freely set at account opening.

At XM’s account opening page, you can set the leverage from high leverage of 1,000 times to low leverage of 1 time.

Because Hercules Finance introduces quick account opening, the moment you proceed with XM’s account opening from here, an FX account that can initially trade USD/JPY with high leverage of 1,000 times is automatically opened.

High Leverage 1,000 times Here↗

Maximum Leverage for USD/JPY Changes Depending on Account Type at XM

The maximum leverage for USD/JPY at FX broker XM (XMTrading) varies depending on the account type.

The leverage for trading USD/JPY (USDJPY) at XM’s FX account is determined by the leverage ratio set at account opening.

What is XM’s Zero Account?

Leverage for USD/JPY at XM Decreases as Effective Margin Increases

The leverage for USD/JPY at FX broker XM (XMTrading) decreases regardless of the leverage set at account opening, due to leverage restrictions that occur as effective margin increases.

Here is an example of leverage restrictions for USD/JPY (USDJPY) at XM when effective margin increases.

At XM, leverage restrictions occur if the total balance and credit in your FX account exceed approximately 50,000 USD.

The Spread for USD/JPY at XM is a Bit Wide

FX broker XM (XMTrading) is a bonus broker, so the spread for USD/JPY is a bit wide compared to low-cost brokers.

Here is an example of the spread for USD/JPY.

The spread for USD/JPY in XM’s popular KIWAMI extreme account, which is free of transaction fees and swap-free, averages 0.9 pips.

For example, if you place a buy order for USD/JPY at 1 dollar 150 yen and the sell price is 149.991 yen at XM’s KIWAMI extreme account.

The transaction starts at the buy price of 150 yen because it is a buy order. The settlement price is the sell price.

The narrower the spread, the easier it is to make a profit with small price movements, and the greater the profit.

View the Latest Spread↗

Comparison of Spreads for USD/JPY between XM, FXGT, and Exness

Below is a table comparing the spreads for USD/JPY at XM (XMTrading), FXGT, and Exness.

Although it is said that “XM’s spreads are wide,” USD/JPY is not too wide to be tradable.

Zero Account with Narrow Spread for USD/JPY Has Transaction Fees

Traders who opened a Zero account at FX broker XM (XMTrading) just for the narrow spread for USD/JPY should be aware of the transaction fees.

For example, if you order 0.1 lots of USD/JPY in XM’s Zero account, a transaction fee of 1 USD is taken regardless of winning or losing.

Compare Different Account Types↗

XM Has Less Anxiety About Withdrawal Denial & Profit Cancellation

XM (XMTrading) is recommended for trading USD/JPY compared to other FX brokers for the following reasons.

• Almost always able to trade with 1,000 times high leverage
  →Leverage restrictions do not occur unless you deposit high amounts exceeding 50,000 USD
• Scalping is not prohibited
  →It’s okay to repeat second scalping and earn in seconds
• Can also choose swap-free
  →Convenient for FX beginners as you don’t have to worry about troublesome swap points
• No worries about withdrawal denial or profit cancellation (profit confiscation)
  →You can focus on trading because there are no withdrawal troubles as it is not an emerging broker

XM offers more bonuses than emerging brokers and is a stable, major FX broker.

If you’re going to trade USD/JPY, start for free with XM’s account opening bonus.