Both JadeForex and XM are popular overseas forex brokers among Japanese traders. However, they differ significantly in their features: JadeForex offers cTrader and unlimited leverage, while XM offers MT4/MT5 and generous bonuses
### Basic Specifications Comparison
| Item | JadeForex | XM |
|——|———–|—–|
| Maximum Leverage | Unlimited (No Limit Account) | 1,000x |
| Financial License | Seychelles IBC 227736 | CySEC / ASIC / IFSC / DFSA |
| Trading Tool | cTrader | MT4 / MT5 |
| Zero Cut | Implemented | Implemented |
| Japanese Support | Available | Available (24 hours) |
| Number of Trading Instruments | 37 instruments | Over 1,400 instruments |
| Established | 2021 | 2009 |
| Operating History | Approximately 5 years | Approximately 17 years |
### Account Type Comparison
**JadeForex Account Types**
| Account Type | Leverage | Spread (USD/JPY) | Commission |
|———–|———-|———————|——–|
| No Limit Account | Unlimited | 0.0 pips ~ | Free |
| Standard Account | Up to 200x | Average 1.8 pips | Free |
| Low Spread Account | Up to 200x | Average 0.9 pips | 5 USD/lot (one way) |
**XM Account Types**
| Account Type | Leverage | Features |
|———–|———-|——|
| Standard Account | Up to 1,000x | Commission-free, for general use |
| Micro Account | Up to 1,000x | For small-amount trading |
| KIWAMI Extreme Account | Up to 1,000x | Low spreads, swap-free |
| Zero Account | Up to 500x | Commission-based, extremely narrow spreads |
### Who should consider JadeForex?
– For those who want to trade aggressively with small amounts using **unlimited leverage**
– For those who want to utilize **cTrader**'s order book information and fast execution
– For those who want to use **copy trading** on cTrader
### Who should XM be recommended for?
– Those who want to take advantage of **abundant bonuses** (account opening bonus + deposit bonus)
– Those who are attracted to the low spreads + swap-free **KIWAMI account**
– Those who want to trade a wide range of instruments with **a variety of instruments** (over 1,400 instruments)
– Those who value **long operating history** and the peace of mind that comes with regulatory compliance
### Both options are eligible for cashback if accessed via Moneychat
If you open an account through MoneyChat, you can receive cashback from both JadeForex and XM. Whichever broker you choose, you'll get a portion of your trading costs reimbursed, making it a great deal
### summary
JadeForex's strength lies in its unique specifications: cTrader and unlimited leverage. XM is overwhelmingly superior in terms of license reliability, number of instruments, and generous bonuses. **If you're looking for cTrader and unlimited leverage, choose JadeForex; if you want overall strength, choose XM.** We also recommend opening accounts with both through MoneyChat and comparing them
**Risk Warning**: Forex trading involves risks. Please invest only with funds you can afford to lose
