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.
When comparing the online brokers XM Group and FP Markets, their trust and regulatory standings are key points to consider. XM Group, established in 2009, holds a strong position with a Trust Score of 93 out of 99 according to ForexBrokers.com, placing it in the highly trusted category. They hold four Tier-1 licenses, reflecting a high level of regulatory oversight. In contrast, FP Markets, which began operations in 2005, has a Trust Score of 89, categorizing them as trusted but not at the highest level. FP Markets maintains two Tier-1 licenses, indicating a solid regulatory environment as well.
Neither XM Group nor FP Markets is publicly traded or operates as a bank, adding another layer of similarity in terms of organizational structure. Additionally, both brokers hold one Tier-2 license. While XM Group seems to have a slight edge in regulatory trustworthiness due to more Tier-1 licenses and a higher Trust Score, FP Markets still presents a reliable choice for traders seeking a dependable broker. These assessments highlight the importance of regulatory credentials when selecting an online broker.
| 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 | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When you compare commissions and fees, FP Markets generally comes out cheaper than XM Group. In ForexBrokers.com’s Commissions and Fees category, FP Markets is rated 5 out of 5 stars and ranked #11 out of 63, while XM Group is rated 4 out of 5 stars and ranked #34. FP Markets also earned Best in Class honors for Commissions and Fees in 2024.
FP Markets offers very competitive pricing on MetaTrader and cTrader, especially with its Raw ECN account: average spreads were 0.1 pips as of October 2023 (about 0.8 pips all-in after a $6 per standard-lot round-turn commission). Its Standard account is costlier, averaging 1.1 pips on EUR/USD as of October 2023. For share CFDs on Iress, FP Markets provides Direct Market Access with full depth of book, but the Iress ViewPoint tiers can add platform and data fees unless you qualify for Premier or generate at least AUD 150 in monthly commissions. The Iress Investor account waives monthly fees but has limited tools and no default streaming data.
XM Group’s Standard account spreads are relatively expensive, and the broker doesn’t publish average spreads for its commission-based XM Zero account. That lack of transparency makes direct cost comparisons harder, and traders who prioritize tight spreads and clear, all-in pricing may find FP Markets the more cost-effective choice.
| 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 vs FP Markets: For sheer market coverage, FP Markets offers a wider range with about 10,000 tradeable symbols compared with XM Group’s 1,394. FP Markets also lists more forex pairs (71 vs 55). Both brokers support forex trading in CFD/spot formats, offer copy trading, and provide cryptocurrency CFDs, while neither lets you buy actual crypto.
Where XM Group stands out is access to real, exchange-traded securities: you can buy actual U.S. and international stocks at XM, while FP Markets does not offer real shares in either market. Both earn 4.5 out of 5 stars for Range of Investments, with ForexBrokers.com ranking FP Markets at #16 and XM Group at #19 out of 63 brokers.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 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
|
FP Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 89 |
| 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 | 89 | |
| 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 | 89 | |
| 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 | 1 | 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA 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) | 1394 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 89 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill