## ThreeTrader vs XM | A Thorough Comparison of Cost-Focused vs Bonus-Focused Brokers
ThreeTrader and XM are both popular overseas forex brokers among Japanese traders, but their concepts are vastly different. **ThreeTrader is cost-focused**, while **XM is bonus-plus-overall**. If you choose based on cost, ThreeTrader is suitable; if you choose based on bonuses and operational track record, XM is the better choice.
### Basic Specifications Comparison
| Item | ThreeTrader | XM |
|——|————|—–|
| Established | 2021 | 2009 |
| Maximum Leverage | 1,000x | 1,000x |
| Financial License | VFSC / Mauritius FSC | CySEC / ASIC / IFSC / DFSA |
| Trading Tools | MT4 / MT5 | MT4 / MT5 |
| Zero Cut | Implemented | Implemented |
| Japanese Support | Available (Chat/Email) | Available (24 hours) |
| Minimum Deposit | 10,000 yen | 5 dollars |
### Spread and Cost Comparison
| Comparison Items | ThreeTrader (Raw) | XM (KIWAMI) | XM (Zero) |
|———|——————-|—————|———–|
| USD/JPY | 0.0 to 0.2 pips | 0.6 to 0.8 pips | 0.0 to 0.1 pips |
| Commission/lot | Round trip $4 | Free | Round trip $10 |
| Effective Cost | Approximately equivalent to 0.4 pips | 0.6 to 0.8 pips | Approximately equivalent to 1.0 pips |
ThreeTrader's Raw Zero account is overwhelmingly advantageous in terms of actual costs
### Account Type Comparison
**ThreeTrader Account Types**
| Account | Features |
|——|——|
| Pure Spread | No commission, spread from 0.5 pips |
| Raw Zero | Commission $2 one way, spread from 0.0 pips |
**XM Account Types**
| Account | Features |
|——|——|
| Standard | Commission-free, for general use |
| Micro | For small trades (10 currency units and up) |
| KIWAMI | Low spreads, swap-free |
| Zero | Commission-based, extremely narrow spreads |
### Bonus Comparison
| Item | ThreeTrader | XM |
|——|————|—–|
| Account Opening Bonus | None | 13,000 yen |
| Deposit Bonus | 3,000 yen on first deposit | 100% + 20% (up to $10,500) |
| Points/Rewards | Rewards Program | XM Points (XMP) |
| Campaign Frequency | Irregular | Always running |
XM is overwhelmingly superior in terms of bonuses
### Who should ThreeTrader be recommended for?
– **Prioritizing Trading Costs**: For those who want to choose based on the effective cost of spread + commission
– **Scalping/EA Trading**: For those for whom a low-cost environment directly translates to profits
– **Intermediate to Advanced**: For those who prioritize the actual trading environment over bonuses
– **High-Frequency Trading**: For those with a large monthly lot size and who benefit greatly from CB (Combined Trading) returns
### Who should XM be recommended for?
– **Bonus Utilization**: For those who want to try it for free with a 13,000 yen account opening bonus
– **Start with a Small Amount**: You can start with a minimum deposit of $5
– **KIWAMI Extreme Account**: For those who are attracted to low spreads and swap-free accounts
– **Operator Reliability**: For those who value over 15 years of operation and multiple Tier-1 licenses
– **Beginner**: For those who want abundant educational content and thorough support
### Both options are eligible for cashback if accessed via Moneychat
If you open an account through MoneyChat, you can receive cashback from both ThreeTrader and XM. Whichever broker you choose, you'll get a portion of your trading costs reimbursed, making it a great deal
### summary
| Key Features | Recommendation |
|————|———|
| Lowest Cost | ThreeTrader |
| Generous Bonuses | XM |
| Operating History & Licenses | XM |
| Scalping/EA | ThreeTrader |
| Small Start | XM |
| Rewards | ThreeTrader |
**If you're unsure, we recommend opening both accounts through MoneyChat and comparing them.** Use them according to your trading style and objectives
**Risk Warning**: Forex trading involves risks. Please invest only with funds you can afford to lose
