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 |
For traders comparing commissions and fees, FP Markets tends to be cheaper than XM Group. FP Markets earns 4.5 out of 5 stars and ranks #11 out of 63 brokers for Commissions and Fees, while XM Group earns 3.5 out of 5 stars and ranks #34 out of 63. In short, FP Markets offers lower all-in costs on its commission-based accounts, whereas XM’s pricing is less competitive on its standard account and less transparent on its commission-based option.
FP Markets delivers highly competitive pricing on MetaTrader and cTrader, especially with its Raw ECN account, which averaged 0.1 pips (about 0.8 pips all-in after commission) as of October 2023, with a flat $6 round-turn per standard lot in forex. Its Standard account is pricier, averaging 1.1 pips on EUR/USD (October 2023). FP Markets also won Best in Class for Commissions and Fees in the 2024 Annual Awards. For share CFDs, the Iress suite provides Direct Market Access with full depth of book, but the Iress ViewPoint accounts can be costly unless you meet higher deposit tiers or monthly commission minimums; the Iress Investor option waives monthly fees but lacks streaming data and has limited charts.
XM Group’s Standard account spreads are on the expensive side, and the broker does not publish average spreads for its commission-based XM Zero account—making it harder to gauge true all-in costs. That pricing picture helps explain XM Group’s 3.5/5 star score and #34 ranking for Commissions and Fees compared with FP Markets’ 4.5/5 stars and #11 ranking.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $5 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 2 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | 0.9 |
| Non-wire bank transfer | 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 offer forex trading as CFDs or spot, support copy trading, and provide access to cryptocurrency CFDs (but not actual crypto). The main difference is breadth: FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, while XM Group offers roughly 1,429 symbols and 55 forex pairs.
If you want exchange-traded securities (not CFDs), XM Group has a clear edge by allowing clients to buy shares on U.S. and international exchanges, such as Apple on Nasdaq and Vodafone in London; FP Markets does not offer exchange-traded shares. Both brokers earn 4.5 stars for Range of Investments from ForexBrokers.com, with FP Markets ranked #16 out of 63 brokers and XM Group ranked #19.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1429 | 10000 |
| Forex Pairs (Total) | 55 | 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 make it easy to get started with a free demo (paper) trading account and offer popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Each broker provides a Windows desktop download and a web-based platform, plus copy trading and the ability to place trades directly from charts. The key difference is platform choice: FP Markets also offers its own proprietary platform, while XM Group sticks to third‑party options like MetaTrader.
For trading platforms and tools, both brokers earn 4 stars, according to ForexBrokers.com. In the same category, FP Markets ranks #22 out of 63 brokers, while XM Group ranks #27. If you want an in-house platform alongside MT4/MT5, FP Markets has the edge. If you prefer to trade on MetaTrader across desktop and web with strong chart trading and copy trading, XM Group fits the bill.
| 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) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and FP Markets both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts and lets you draw trendlines on charts. Both earned 4 out of 5 stars for mobile trading apps, with FP Markets ranking #20 and XM Group ranking #26 out of 63 brokers on ForexBrokers.com.
Key differences show up in everyday use. XM Group syncs watchlists between the mobile app and your online account, while FP Markets does not. For charting, XM Group offers 30 technical studies in its app, whereas FP Markets relies on MetaTrader’s default indicator set. If saving your work matters, FP Markets auto-saves chart drawings; XM Group does not. Choose XM Group if synced watchlists are a priority, or FP Markets if you want drawings to persist and prefer the MetaTrader experience.
| 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 | 30 | 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 deliver daily market commentary and stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Their market research lineups include Trading Central tools, sentiment indicators that show the split between long and short positions, and a full economic calendar. Neither broker integrates TipRanks or Acuity Trading (Signal Centre).
The key difference is tool coverage: FP Markets adds Autochartist for chart pattern recognition, while XM Group does not. In ratings by ForexBrokers.com, XM Group scores higher for Research with 5 stars and ranks #8 out of 63 brokers, whereas FP Markets earns 4 stars and ranks #22. If you want extra automation with Autochartist, FP Markets has an edge; if you prioritize overall research quality, XM Group takes the lead.
| 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.
Beginners will find plenty of forex and CFD education at both XM Group and FP Markets. Each broker offers well over the minimum 10 learning pieces—covering articles, videos, and archived webinars—plus live client webinars at least once a month. Both also provide at least 10 beginner videos to teach core trading topics, along with at least 10 advanced videos for later stages of learning.
Where they differ is in educational ratings and rankings. XM Group earns 5 stars for Education and ranks #5 out of 63 brokers on ForexBrokers.com, while FP Markets holds 4 stars and ranks #22. If education is your top priority, XM Group edges ahead; if you want a good library with regular webinars, FP Markets is a solid choice for getting started.
| 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 MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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FP Markets
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| Trust Score | 93 | 90 |
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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.
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0 of 5| Overall Rating | XM Group | FP Markets | |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
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| 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) | 1429 | 10000 | |
| Forex Pairs (Total) | 55 | 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) - Standard account | 2 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | 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 | $100 AUD | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | 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) | 30 | 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 Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XM Group Review | FP Markets Review |
| Overall | XM Group | FP Markets | |
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| Trust Score | 93 | 90 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
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