## OQTima vs XM | Thorough comparison
Both OQTima and XM are popular overseas forex brokers among Japanese traders, but OQTima is known for its "industry-leading low ECN trading costs," while XM is a long-established broker founded in 2009 with "generous bonuses." Compare their specifications, costs, and support to choose the broker that suits you best
### Basic Specifications Comparison
| Item | OQTima | XM |
|——|——–|—–|
| Established | 2023 | 2009 |
| Maximum Leverage | 1,000x | 1,000x |
| Financial License | FSA SD109 / CySEC 406/21 | CySEC / ASIC / IFSC / DFSA |
| Trading Tools | MT4 / MT5 / cTrader | MT4 / MT5 |
| Zero Cut | Implemented | Implemented |
| Japanese Support | Available (24 hours weekdays) | Available (24 hours) |
| Products | FX / Precious Metals / Energy / Stock CFD / Stock Indices / Cryptocurrency CFD / ETF | FX / Precious Metals / Energy / Stock CFD / Stock Indices / Cryptocurrency |
| Average Execution Speed | 30ms | Not disclosed |
| Minimum Deposit | $100 | None |
### Spread and Cost Comparison
| Comparison Items | OQTima (ONE) | OQTima (ECN+) | XM (Standard) | XM (KIWAMI) |
|———|————-|————–|——————|—————|
| USD/JPY | 1.0 pips | 0.0 pips + commission | 1.6 pips | 0.7 pips |
| EUR/USD | 1.0 pips | 0.0 pips + commission | 1.7 pips | 0.6 pips |
| Trading Commission | Free | Round trip 6 USD/lot | Free | Free |
| Effective Cost of USD/JPY | 1.0 pips | **0.6 pips** | 1.6 pips | 0.7 pips |
In terms of cost, OQTima's ECN+ account (effectively 0.6 pips) is lower than XM's KIWAMI account (0.7 pips). Even between standard accounts, OQTima has lower spreads
### Account Type Comparison
**OQTima Account Types**
| Account Type | Features |
|———–|——|
| ONE Account | Commission-free, up to 1,000x leverage, NDD STP method |
| ECN+ Account | Extremely narrow spreads, up to 1,000x leverage, NDD ECN method |
**XM Account Types**
| Account Type | Features |
|———–|——|
| Standard Account | Commission-free, for general users |
| Micro Account | For small-amount trading |
| KIWAMI Extreme Account | Low spreads, swap-free, commission-free |
| Zero Account | Commission-based, extremely narrow spreads |
### Bonus Comparison
| Bonus Type | OQTima | XM |
|————|——–|—–|
| Account Opening Bonus | None | 13,000 yen |
| Deposit Bonus | 100% (up to $500, region limited) | 100% (up to $500) + 20% (up to $10,000) |
| Trading Bonus | None | XM Points (based on trading volume) |
In terms of total bonus amount, XM has a clear advantage. OQTima compensates for this with its low trading costs
### Platform Comparison
| Platform | OQTima | XM |
|————–|——–|—–|
| MT4 | Supported | Supported |
| MT5 | Supported | Supported |
| cTrader | Supported | Not Supported |
| Trading Central | Free | Not Supported |
### Who should OQTima be recommended for?
– **Prioritizing Transaction Costs**: For those seeking the lowest industry rates (effectively 0.6 pips) with an ECN+ account
– **cTrader Users**: For those who want to utilize order book information, algorithmic trading, and copy trading
– **Prioritizing Execution Speed**: For scalpers seeking 30ms high-speed execution with the NDD ECN method
– For those who want to trade a wide range of **ETFs and Stock CFDs**
### Who should XM be recommended for?
– For those who want to take advantage of **generous bonuses** (¥13,000 for opening an account + deposit bonus)
– For those who want to **start with a small amount** (no minimum deposit)
– For those who value **long operating history** (established in 2009) and comprehensive Japanese support
– For beginners who want to start with a small amount in a **micro account**
### Both options are eligible for cashback if accessed via Moneychat
If you open an account through MoneyChat, you can receive cashback from both OQTima and XM. Whichever broker you choose, you'll get a portion of your trading costs reimbursed, making it a great deal
### summary
| Key Features | Recommended Broker |
|—————-|———–|
| Trading Costs (Effective ECN Costs) | OQTima (ECN+ Account, 0.6 pips) |
| Platform Diversity | OQTima (cTrader Compatible) |
| Execution Speed | OQTima (30ms Published) |
| Bonus Generosity | XM |
| Operating Record & Higher Licenses | XM |
| Small Start | XM (No Minimum Deposit) |
Both are excellent overseas forex brokers, but the best choice depends on what you prioritize. **Opening accounts with both through MoneyChat and comparing them in person is one approach.**
**Risk Warning**: Overseas forex trading involves risks. Please invest only with funds you can afford to lose
