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XM Group vs FP Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 88
  • Tradeable Symbols (Total): 1394
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000

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.

Regulation

When comparing online brokers XM Group and FP Markets, both companies have established themselves as trustworthy options for traders, although they have some distinct differences. XM Group, founded in 2009, possesses four Tier-1 licenses, demonstrating a high level of trust as per ForexBrokers.com. In contrast, FP Markets, established earlier in 2005, holds two Tier-1 licenses. Both XM Group and FP Markets are privately held and are not banks, emphasizing their focus on providing brokerage services without bank-related operations.

In terms of additional regulatory standing, each broker carries one Tier-2 license, signaling a solid trust factor. According to ForexBrokers.com, XM Group scores an 88 out of 99, which classifies it as a trusted broker. FP Markets slightly edges out with a score of 89, also slotting it within the trusted category. These ratings underscore their commitment to maintaining reliable and secure environments for trading.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Year Founded info 2009 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

XM Group's commission and fee structure offers a standard account with costly spreads, whereas the average spreads for its XM Zero account are not publicly disclosed. Out of 63 brokers, XM Group ranks #33 in the Commissions and Fees category with a rating of 4 stars. This broker might not be the best choice for those seeking transparency and lower trading costs, as its offerings can be less appealing compared to other brokers in the industry.

On the other hand, FP Markets emerges as a top contender with a 5-star rating, ranking #6 among 63 brokers for Commissions and Fees. Known for its competitive pricing, FP Markets offers appealing options through its MetaTrader and cTrader platforms, especially for its commission-based ECN account. Recognized as Best in Class for Commissions and Fees in the 2024 Annual Awards, FP Markets ensures that traders enjoy low-cost trades primarily through its Raw ECN account, which provides an average spread of 0.1 pips, or 0.8 pips when commission is factored in.

For those looking into FP Markets, it's essential to consider the various account types. The standard account has higher spreads, averaging 1.1 pips for the EUR/USD pair as of October 2023. Meanwhile, their Iress platform suite caters to active traders with different minimum deposit requirements, offering a range of features from basic to more advanced options. Despite higher costs associated with the Iress ViewPoint account, the broker’s overall offerings make it a solid choice for traders who prioritize both competitive fees and access to a diverse range of trading tools.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Minimum Deposit info $5 $100 AUD
Average Spread EUR/USD - Standard info 1.6 info 1.2 info
All-in Cost EUR/USD - Active info 0.8 info 0.7 info
Active Trader or VIP Discounts info No Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to forex trading, both XM Group and FP Markets provide comprehensive options. Both brokers support forex trading as contracts for difference (CFDs) or spot contracts. XM Group offers 55 tradeable forex pairs, while FP Markets provides 71. In terms of tradeable symbols, FP Markets boasts a staggering 10,000 compared to XM Group's 1,394. Both platforms also offer copy trading, and facilitate trading in cryptocurrency derivatives, although neither allows for the purchase of physical cryptocurrencies.

XM Group stands out by offering exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase company shares like Apple and Vodafone directly. FP Markets, on the other hand, does not provide access to exchange-traded securities outside the realm of CFDs. Despite these differences, each broker holds a 4.5-star rating for their range of investments. Additionally, in the ranking by ForexBrokers.com, FP Markets holds the 18th position, slightly ahead of XM Group, which is ranked 23rd out of 63 brokers.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 10000
Forex Pairs (Total) info 55 71
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Both XM Group and FP Markets offer traders access to robust and versatile trading platforms, complete with virtual demo accounts that allow beginners to practice without financial risk. While both brokers provide web-based platforms and Windows desktop options, a key difference is that FP Markets offers its own proprietary platform, complementing the popular MetaTrader 4 and MetaTrader 5 platforms available at both brokers. Additionally, both brokers enable the ease of copy trading, facilitating strategies from seasoned traders. Notably, neither supports platforms like DupliTrade or ZuluTrade for those seeking specialized social or copy trading networks.

When it comes to charting tools, XM Group and FP Markets compete closely, though FP Markets edges out slightly with 17 drawing tools compared to XM’s 15. Both brokers allow trading directly from stock charts and offer identical customization with seven columns for watch lists. Despite these similarities, it's worth noting that according to ForexBrokers.com, FP Markets ranks slightly higher at #23 for its trading platforms and tools, compared to XM Group’s #31 ranking, although both receive a solid 4-star rating. This reflects a similarly satisfying experience for users looking for extensive trading capabilities.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 17
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both XM Group and FP Markets offer convenient mobile trading solutions, available for iPhone and Android users, making trading accessible for all. Each broker provides traders with the option to set stock or forex price alerts directly from their phone. However, XM Group stands out with its ability to sync watchlist symbols across mobile and online accounts, allowing seamless updates between devices, a feature FP Markets does not offer. When it comes to charting tools, XM Group offers 30 technical studies compared to FP Markets' default MetaTrader options. Both brokers allow trendline drawing and viewing of multiple time frames on charts, but only FP Markets will auto-save these drawings for future reference.

Both mobile apps allow users to create watchlists with real-time quotes, enhancing trading efficiency. Nonetheless, there are nuances in their ratings; both apps are rated 4 stars for mobile trading. Despite this equal rating, FP Markets ranks higher in the Mobile Trading Apps category, securing the 18th spot against XM Group's 29th, according to ForexBrokers.com. For traders who value watchlist syncing and a broader range of technical studies, XM Group might be preferable. Conversely, traders prioritizing auto-save functionality for their chart drawings may favor FP Markets.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of XM Group and FP Markets, both brokers provide daily market commentary and keep traders updated with forex news from prestigious sources such as Bloomberg and Reuters. Additionally, each broker offers tools from Trading Central, including Technical Analytics, and both offer sentiment-based trading tools that display the ratio of long and short positions across various instruments. XM Group and FP Markets also provide an economic calendar that highlights important global news and events affecting the markets. However, neither broker includes research tools from Acuity Trading or resources from TipRanks in their market research arsenal.

Despite many similarities, XM Group stands out with its higher research rating of five stars compared to FP Markets, which has a four-star rating. XM Group is also ranked significantly higher at number 8 among 63 brokers according to ForexBrokers.com, while FP Markets is positioned at number 25. The availability of Autochartist tools at FP Markets may appeal to some traders, but XM Group's superior ranking and comprehensive offerings make it a strong choice for those seeking in-depth market insights and research resources.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, XM Group and FP Markets both provide a solid foundation for those starting in forex or CFDs trading. Each broker offers a wide selection of educational content, including articles, videos, and webinars, all designed to help newcomers learn about trading. These brokers each host at least one webinar per month and maintain a searchable archive of recorded sessions, allowing users to learn at their own pace. Both XM Group and FP Markets offer at least 10 beginner videos, as well as educational material for advanced traders, ensuring a comprehensive learning experience. However, XM Group edges ahead by focusing heavily on education, earning it a 5-star rating and a rank of #7 in education, compared to FP Markets' 4-star rating and #23 rank.

A notable difference lies in the availability of an investor dictionary. FP Markets offers a dictionary that explains over 50 investing terms, helping beginners expand their vocabulary and understanding of trading language. Meanwhile, XM Group does not provide this resource, which could impact those who prioritize learning new terms. Despite this, XM Group remains highly rated in education, making it a standout choice for those seeking rich educational content, while FP Markets, despite offering slightly fewer resources, still provides valuable learning opportunities for novice traders.

Feature XM Group logoXM Group
FP Markets logoFP Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 #17, while FP Markets finished with an overall rank of #19.

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

Feature XM Group logoXM Group
FP Markets logoFP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 88 89
Range of Investments 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or FP Markets?

When comparing XM Group and FP Markets, both online brokers do not offer the option to purchase actual delivered cryptocurrency, but they do provide the capability to buy cryptocurrency derivatives.

What funding options does each broker offer?

Both XM Group and FP Markets provide Visa, Mastercard, Skrill, and bank wire options for deposits and withdrawals, but only FP Markets supports PayPal, while neither offers ACH or SEPA transfers.




announcementPlease 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.

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Compare

0 of 5
Overall Rating XM Group FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 88 89
Winner check_circle
Review XM Group Review FP Markets Review
Broker Screenshots XM Group FP Markets
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation XM Group FP Markets
Trust Score info 88 89
Year Founded info 2009 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) XM Group FP Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) XM Group FP Markets
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments XM Group FP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 10000
Forex Pairs (Total) info 55 71
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 - Standard info 1.6 info 1.2 info
All-in Cost EUR/USD - Active info 0.8 info 0.7 info
Active Trader or VIP Discounts info No Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding XM Group FP Markets
Minimum Deposit info $5 $100 AUD
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms XM Group FP Markets
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group FP Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 17
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group FP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research XM Group FP Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education XM Group FP Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs XM Group FP Markets
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review FP Markets Review
Overall XM Group FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 88 89
Winner check_circle
Review XM Group Review FP Markets Review
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