Written by ForexBrokers.com
In this head to head comparison of XM Group vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XM Group vs. FP Markets: XM Group launched in 2009, while FP Markets began in 2005. Neither broker is publicly traded or operates as a bank, which means their safety profile depends on regulation and oversight rather than a listed parent company or banking license.
On ForexBrokers.com’s Trust Score (where 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted), XM Group scores 93/99 and FP Markets scores 90/99—both in the highly trusted band. XM Group holds 4 Tier-1 licenses and 3 Tier-2 licenses, while FP Markets holds 2 Tier-1 and 1 Tier-2 license, signaling strong global regulatory coverage for both, with XM Group carrying a wider set of top-tier approvals.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Year Founded | 2009 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
XM Group scores 3.5 out of 5 stars and ranks #36 out of 36 brokers for commissions and fees. Its standard account spreads are considered expensive, and XM does not publish average spreads for the commission-based XM Zero account, which makes it harder for traders to judge the full cost up front. For cost-conscious traders, this puts XM Group at a disadvantage compared with lower-priced brokers.
FP Markets performs much better on pricing, earning 4.5 out of 5 stars and ranking #11 out of 36 brokers for commissions and fees. Its commission-based Raw ECN account is especially competitive, with average spreads of 0.1 pips as of October 2023, or about 0.8 pips all-in after commission. FP Markets also won Best in Class for Commissions and Fees in our 2024 Annual Awards, showing that it is a strong choice for traders looking for lower trading costs.
In simple terms, FP Markets is the better pick for fees and commissions if keeping trading costs low is your main goal. XM Group may still appeal to some traders for other reasons, but its higher spreads and lack of published averages for XM Zero make it less transparent and generally more expensive. Overall, FP Markets offers the more attractive value for active and price-sensitive traders.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 0.9 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and FP Markets both give traders access to forex as CFDs or spot contracts, along with copy trading and cryptocurrency CFDs. Neither broker lets clients buy actual, delivered crypto. On paper, both also score well for range of investments, with each earning 4.5 out of 5 stars in this category.
FP Markets has the wider selection overall, offering about 10,000 tradeable symbols and 71 forex pairs, compared with XM Group’s 1,583 symbols and 54 forex pairs. XM Group does stand out for share dealing, since it offers exchange traded securities on both U.S. and international exchanges, while FP Markets does not. In ForexBrokers.com’s Range of Investments ranking, FP Markets is slightly ahead at #17 out of 36 brokers, while XM Group is ranked #19.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1583 | 10000 |
| Forex Pairs (Total) | 54 | 71 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
XM Group and FP Markets both give traders a solid mix of platform choices and useful tools. Each broker offers a free demo account, desktop and web-based trading platforms, copy trading, and both MetaTrader 4 and MetaTrader 5. Traders can also place trades straight from a chart on either platform, which can make it easier to act quickly when markets move.
The main difference is that FP Markets also offers its own proprietary trading platform, while XM Group does not. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, but FP Markets is ranked higher overall at #22 out of 36, compared with XM Group at #29 out of 36. For traders who want the same core platform features with the added option of a broker-built platform, FP Markets has a slight edge.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 100 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and FP Markets both offer mobile trading apps for iPhone and Android, and each lets traders set stock or forex price alerts. Both apps also support drawing trendlines on charts, and both are rated 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s ranking of 36 brokers, FP Markets places higher at #20, while XM Group ranks #26.
The main differences are in chart tools and watchlist syncing. XM Group offers watchlist symbol syncing, so changes made in the mobile app carry over to the online account, and it includes 100 technical studies for charting. FP Markets does not offer watchlist syncing, but its app does auto save chart drawings, which XM Group does not. For traders who want easier account-to-app syncing, XM Group has the edge, while FP Markets may appeal more to users who value saved chart work.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 100 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group and FP Markets both give traders a solid range of market research tools, including daily market commentary, news from top-tier sources like Bloomberg and Reuters, Trading Central analysis, sentiment tools, and an economic calendar for tracking global events. Both brokers also offer useful insights for traders who want to follow market trends, news, and possible trade ideas in one place.
The main difference is that FP Markets includes Autochartist, while XM Group does not. Even so, XM Group comes out ahead overall for research, with a 5-star rating and a #8 ranking out of 36 brokers from ForexBrokers.com, compared with FP Markets’ 4-star rating and #22 ranking. For traders who want the stronger research offering overall, XM Group has the edge, while FP Markets still provides a good all-around selection of market research tools.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading help, both XM Group and FP Markets give access to forex and CFD education, with at least 10 learning pieces each on these topics. Each broker also offers monthly online webinars, plus at least 10 beginner videos and at least 10 advanced videos, so new traders and more experienced users can both find material to learn from. This makes either broker a solid place to start if you want guided education in trading.
That said, XM Group has the edge for education overall. It is rated 5 out of 5 stars for Education and ranks #5 out of 36 brokers at ForexBrokers.com, while FP Markets is rated 4 out of 5 stars and ranks #21. In simple terms, both are well suited to beginners, but XM Group stands out more for the depth and quality of its learning content.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than FP Markets. XM Group finished with an overall rank of #16, while FP Markets finished with an overall rank of #19.
XM Group is a multi-regulated forex and CFD broker offering 1,583 tradeable symbols across MetaTrader 4 and 5 and a new proprietary web and mobile platform. Its live trading rooms and integrated Trading Central research are among the best in the industry. Standard account spreads are expensive, though the Ultra Low and Zero accounts are competitive.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 90 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In the XM Group vs FP Markets comparison, neither broker offers the ability to buy actual delivered cryptocurrency, but both provide access to trading cryptocurrency CFDs (not the underlying asset).
XM Group vs FP Markets: neither online broker supports ACH or SEPA transfers, both support Skrill and bank wire deposits/withdrawals, only FP Markets offers PayPal, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | XM Group | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
| Broker Screenshots | XM Group | FP Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | XM Group | FP Markets | |
|---|---|---|---|
| Trust Score | 93 | 90 | |
| Year Founded | 2009 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XM Group | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1583 | 10000 | |
| Forex Pairs (Total) | 54 | 71 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | XM Group | FP Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 0.9 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XM Group | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | XM Group | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | XM Group | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 100 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 100 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XM Group | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | XM Group | FP Markets | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | XM Group Review | FP Markets Review |
| Overall | XM Group | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets