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XM Group vs FP Markets 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is XM Group better than FP Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. FP Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall RatingXM GroupFP Markets
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 90 86
Winner check_circle
Review XM Group Review FP Markets Review
RegulationXM GroupFP Markets
Trust Score 90 86
Year Founded 2009 2005
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes Yes info
Tier-1 Licenses 2 1
Tier-2 Licenses 1 2
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)XM GroupFP Markets
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)XM GroupFP Markets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)XM GroupFP Markets
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsXM GroupFP Markets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1372 10000
Forex Pairs (Total) 57 71
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostXM GroupFP Markets
Average Spread EUR/USD - Standard 1.6 (Aug 2020) 1.2 (August 2022)
All-in Cost EUR/USD - Active 0.8 (Aug 2021) 0.7 (August 2022)
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingXM GroupFP Markets
Minimum Initial Deposit $5 $100 AUD
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsXM GroupFP Markets
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsXM GroupFP Markets
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingXM GroupFP Markets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
ResearchXM GroupFP Markets
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationXM GroupFP Markets
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) No Yes
Major Forex PairsXM GroupFP Markets
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review XM Group Review FP Markets Review
OverallXM GroupFP Markets
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 90 86
Winner check_circle
Review XM Group Review FP Markets Review
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XM Group vs FP Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs FP Markets.

Does XM Group or FP Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is XM Group or FP Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. XM Group holds 2 global Tier-1 licenses, while FP Markets holds 1. FP Markets holds 2 global Tier-2 licenses, while XM Group holds 1. In our analysis of 23 international regulators across 50 brokers, XM Group earned a higher Trust Score than FP Markets.

Which trading platform is better: XM Group or FP Markets?

To compare the trading platforms of both XM Group and FP Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FP Markets offers a better experience. With research, XM Group offers superior market research. Finally, we found FP Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XM Group and FP Markets offer MetaTrader 4 (MT4).XM Group and FP Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

FP Markets provides traders 71 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, FP Markets offers traders access to 10000 CFDs while XM Group has 1372 available CFDs, a difference of 8628.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust FP Markets?

FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is FP Markets good?

FP Markets shines as a low-cost broker for trading forex and CFDs โ€“ as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but itโ€™s mostly a share trading platform โ€“ and is generally a much pricier option.

Overall winner: XM Group

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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