Both Bitunix and XM are popular overseas brokers among Japanese traders. However, Bitunix is a cryptocurrency-only exchange, while XM is an FX broker, so choose the one that best suits your needs
### Basic Specifications Comparison
| Item | Bitunix | XM |
|——|———|—–|
| Maximum Leverage | 200x (BTC/ETH) / 125x (Others) | 1000x |
| Financial License | US FinCEN MSB / Canada FINTRAC / Philippines VASP / Australia AUSTRAC | CySEC / ASIC / IFSC / DFSA |
| Trading Tools | Proprietary Platform (TradingView Integration) | MT4 / MT5 |
| Zero Cut | Implemented | Implemented |
| Japanese Support | Available | Available (24 hours) |
| Products | Cryptocurrencies (Spot / Futures / Copy Trading / P2P / Earn) | FX / Precious Metals / Energy / Stock CFDs / Cryptocurrencies |
| Number of Trading Pairs | 1,000+ | 1,400+ |
### Account Type Comparison
**Bitunix Account Types**
| Account Type | Features | Fees (Maker/Taker) |
|———–|——|———————|
| Futures Account | Cryptocurrency Futures Trading - Up to 200x Leverage | 0.02% / 0.06% |
| Spot Account | Cryptocurrency Spot Trading | 0.08% / 0.10% |
**XM Account Types**
| Account Type | Features |
|———–|——|
| Standard Account | Commission-free, for general use |
| Micro Account | For small-amount trading |
| KIWAMI Account | Low spreads, swap-free |
| Zero Account | Commission-based, extremely narrow spreads |
### Bitunix is recommended for
: – Those who want to trade cryptocurrencies exclusively (over 1,000 pairs)
– Those who want to start trading immediately without KYC
– Those who want to automatically copy the trades of experienced traders using copy trading
### XM is recommended for
: – Those who want to take advantage of **abundant bonuses** (account opening bonus + deposit bonus)
– Those who want to trade a wide range of products such as **FX, stock CFDs, and precious metals**
– Those who want to use **EAs (automated trading)** on **MT4/MT5**
### Both are eligible for cashback if you
open an account through Moneycha. If you open an account through Moneycha, you can receive cashback from both Bitunix and XM. Whichever broker you choose, it's advantageous because a portion of your trading costs will be refunded.
### Summary
Bitunix is a cryptocurrency exchange, while XM is an FX broker; they are fundamentally different. If you primarily trade cryptocurrencies, Bitunix is recommended. If you trade a wide range of assets, including FX and stock CFDs, XM is recommended. **Opening accounts with both via MoneyChat and using them interchangeably** is also an option.
**Risk Warning**: Cryptocurrency trading involves risks. Please invest only with funds you can afford to lose
