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 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
|
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 | 1 |
When comparing XM Group and FP Markets, a noticeable difference emerges in their approach to commissions and fees. XM Group, with its standard account, tends to be on the pricier side as its spreads are relatively high and the average spreads for its commission-based XM Zero account aren't disclosed. In terms of performance, XM Group earns a respectable 4-star rating and is ranked 33rd out of 62 brokers reviewed by ForexBrokers.com in the Commissions and Fees category.
FP Markets stands out for its competitive pricing, especially with its MetaTrader and cTrader platforms. It offers one of the most cost-effective trading experiences globally through its commission-based Raw ECN account, where spreads average around 0.1 pips. FP Markets also claimed the Best in Class recognition for Commissions and Fees in the 2024 Annual Awards. The broker's share CFD offering on the Iress platform further enhances its value proposition by providing Direct Market Access, although this option tends to be better suited for active traders with higher balances. Despite these premiums, FP Markets achieves a top 5-star rating and is impressively ranked 6th by ForexBrokers.com.
For traders choosing between these two brokers, FP Markets clearly has a strong edge due to its more competitive fee structure, especially with its Raw ECN account. However, it's essential to recognize that XM Group may still appeal to traders prioritizing other aspects such as platform features or customer support. Ultimately, the choice between XM Group and FP Markets should align with individual trading needs and financial priorities.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $5 | $100 AUD |
| Average Spread EUR/USD - Standard | 1.6 | 1.2 |
| All-in Cost EUR/USD - Active | 0.8 | 0.7 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments offered, both XM Group and FP Markets stand out with unique offerings tailored for various trading needs. XM Group provides a selection of 1,394 tradeable symbols, allowing clients to diversify their portfolios effectively. Among these are 55 forex pairs available as CFDs or spot contracts, giving traders a good range of options in the forex market. Additionally, XM Group enables investors to purchase actual exchange-traded securities on both U.S. and international exchanges, such as shares of Apple on the NASDAQ and Vodafone on the London Stock Exchange. This feature is accompanied by the possibility of copy trading and engaging in cryptocurrency derivatives, making their offerings well-rounded for an array of investors.
FP Markets offers an extensive selection of 10,000 tradeable symbols, surpassing XM Group’s amount, with 71 forex pairs as CFDs or spot contracts. This abundance provides traders with numerous possibilities to explore the forex market. While FP Markets does not offer direct investment in exchange-traded securities on U.S. or international exchanges, it compensates with the option for copy trading and leveraging cryptocurrency derivatives, excluding the purchase of actual cryptocurrencies. Both XM Group and FP Markets receievd a 4.5-star rating for their range of investments; however, according to ForexBrokers.com, FP Markets ranks slightly higher at #18, compared to XM Group's #23, among a total of 62 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. 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 (Derivative) | 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.
When comparing the trading platforms and tools of XM Group and FP Markets, both brokers offer a comprehensive arsenal suitable for seasoned traders and newcomers alike. Both XM Group and FP Markets provide users with free virtual demo accounts to practice their trading strategies without risking real capital. Each offers Windows-based desktop and web-based platforms, and both support popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. For those interested in copy trading, both brokers have integrated features. However, FP Markets differentiates itself with its proprietary platform, offering an in-house developed option alongside the MetaTrader platforms, a feature XM Group lacks.
In terms of advanced charting tools, FP Markets holds a slight edge with 17 drawing tools against XM Group's 15, although both allow trading directly from stock charts. Watch lists are versatile with seven columns available on both platforms for customized tracking. Despite their differences, both brokers achieve a similar four-star rating for trading platforms and tools, as assessed by ForexBrokers.com. FP Markets secures a higher rank, positioned at #23 out of 62 brokers, compared to XM Group at #31. This detailed comparison reflects that both brokers are strong contenders in the trading platform landscape, each with unique offerings that cater to diverse trading needs.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and FP Markets provide comprehensive mobile trading apps for iPhone and Android devices, allowing traders to access the markets on the go. Users can track stock and forex prices in real-time with alerts and create watchlists across both apps. However, only XM Group offers watchlist syncing between the mobile app and the user's online account, ensuring seamless transitions when managing assets across platforms. When it comes to technical features, XM Group supplies 30 technical studies for charting, while FP Markets relies on the default settings of the MetaTrader platform. Both platforms allow users to draw trendlines and switch between different time frames on charts. However, FP Markets has a slight edge by auto-saving chart drawings, unlike XM Group.
Despite common features, the user ratings and rankings by ForexBrokers.com indicate differences in user satisfaction and perceived quality. Both XM Group and FP Markets earn a commendable 4-star rating for their mobile apps, reflecting overall user satisfaction. In terms of ranking, FP Markets holds a stronger position, sitting at 18 out of 62 brokers, compared to XM Group's 29th placement. These rankings suggest that while both apps offer a robust set of features, FP Markets may provide a slightly better user experience or feature set according to the rankings by ForexBrokers.com. Ultimately, choosing between these brokers may come down to personal preference and specific needs like watchlist syncing or auto-saving capabilities.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | 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 |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of XM Group and FP Markets, both online brokers provide comprehensive daily market commentary, keeping traders informed with the latest insights. They each deliver forex news from top-tier sources like Bloomberg and Reuters, ensuring access to high-quality information. Additionally, both brokers offer tools from Trading Central, complete with technical analytics, and provide sentiment-based trading tools to show traders the ratio of positions across various instruments. They also include an economic calendar to track global events.
However, a distinct difference lies in their use of Autochartist. FP Markets incorporates Autochartist for technical analysis or fundamental research, while XM Group does not. Neither broker offers market research from TipRanks nor tools from Acuity Trading. In terms of ratings, XM Group excels with a perfect 5-star rating for research and ranks 8th among 62 brokers according to ForexBrokers.com. Meanwhile, FP Markets holds a solid 4-star rating and is ranked 25th, demonstrating a reliable yet slightly less comprehensive research offering compared to its competitor.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing XM Group and FP Markets for educational resources aimed at beginners, both online brokers excel in providing a rich assortment of materials, including articles, videos, and archived webinars focusing on forex and CFDs. This makes both platforms great choices for those entering the trading world. Both XM Group and FP Markets offer monthly live webinars as well as an accessible archive of past sessions, ensuring that learners have opportunities for real-time interaction and a library of resources to revisit. Each of them further enriches their educational offerings with over ten videos specifically designed to help beginners grasp trading concepts. For those looking to deepen their knowledge, both brokers provide advanced video content as well.
Despite these similarities, XM Group and FP Markets diverge in a couple of areas. FP Markets offers an investor dictionary, providing a valuable resource for novices wanting clear definitions of at least 50 investing terms, an offering that XM Group lacks. Nevertheless, XM Group boasts a higher education rating, earning 5 out of 5 stars compared to FP Markets' 4 stars. This broader acclaim is reflected in their educational ranking, where XM Group stands at #7 among 62 brokers, while FP Markets trails behind at #23. For beginners seeking comprehensive educational resources, both brokers offer strong options, but XM Group edges ahead with a slightly superior overall offering.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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
|
FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 89 |
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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.
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.
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 | 88 | 89 | |
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| Review | XM Group Review | FP Markets Review |
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| Regulation | XM Group | FP Markets | |
|---|---|---|---|
| Trust Score | 88 | 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 | 1 |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 10000 | |
| Forex Pairs (Total) | 55 | 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 (Derivative) | 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 | 1.6 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.7 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XM Group | FP 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | FP 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 | 17 | |
| 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 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 | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FP Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | FP 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 |
| Overall | XM Group | FP Markets | |
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| Trust Score | 88 | 89 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
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