XS's account currency is the base currency in which a trading account shows its balance, profit and loss, and deposits and withdrawals; the Standard account lists 2 options, USD and JPY.
Summary: for the bonuses, choose a JPY MT5 account
- The Standard account lists USD and JPY as account currencies.
- The account opening bonus and first deposit bonus, for residents of Japan, apply to JPY MT5 accounts.
- The help center quotes minimum deposits in USD (bank transfer USD 300 and so on).
- Whether the account currency can be changed is not stated on the official pages checked.
- If unsure, decide how you will use the account (bonuses, how you view profit and loss) before opening it.
XS account currencies: what the official pages confirm
| Account | Account currency | What was confirmed |
|---|---|---|
| Standard | USD, JPY | Stated on the official Standard account page |
| Cent | Not stated | The account types overview does not state a currency |
| Pro, Elite, VIP | Not stated | Not stated on the official pages checked |
| Bonus account (MT5) | JPY | Stated on the official bonus pages |
※ The currencies you can choose are those shown on the account opening screen.
How to choose between JPY and USD, by situation
| Situation | Choice | What the official pages confirm |
|---|---|---|
| You will use the bonuses (for residents of Japan) | JPY MT5 account | The bonus accounts are JPY MT5 |
| You want profit and loss in yen | JPY | The Standard account lists JPY as an option |
| Your funding source is in US dollars | Check how the deposit and account currencies relate | Deposits in a different currency are converted |
| Looking at the Elite commission | The $6 round turn is quoted in US dollars | The yen equivalent for a JPY account is not stated |
※ The official figures alone cannot say which is better. Exchange rate moves and conversion costs differ for each trader.
Minimums, conversion and currency changes: what to watch
- Minimums: the help center quotes USD. The deposit methods page also shows yen. Rely on the screen.
- Conversion: depositing in a currency other than the account currency involves conversion. The rate and fee are not stated.
- Changing currency: not stated officially. Check the client area or ask support whether it is possible.
- Additional accounts: the conditions and limits are not stated on the official pages checked.
- Bonus accounts: the official pages do not say you can change the currency after the bonus is granted.
This page does not cover how to report profit and loss from a foreign-currency account. Ask your tax office or a tax adviser.
Steps for deciding the currency when you open an account
- 01Decide whether to use the bonuses
If you will, choose a JPY MT5 account. The dedicated account for the account opening bonus is created after identity verification.
- 02Choose the account type and MT4 or MT5
Cent and VIP are MT5 only. The bonus accounts are also MT5.
- 03Choose the account currency
Choose from the currencies shown on the registration screen. Whether you can change it is not stated officially, so decide before you choose.
- 04Check the minimum and conversion on the deposit screen
Before depositing, check the minimum for each method and whether currency conversion applies.
XS account types compared (spreads, fees and minimum deposits)
Conditions change by account, country of residence and time, so the official information shown during registration takes priority.