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 |
If you’re comparing commissions and fees, FP Markets generally comes out cheaper than XM Group, especially on its commission-based Raw ECN accounts across MetaTrader and cTrader. FP Markets is rated 5 out of 5 stars and ranks #6 out of 63 for Commissions and Fees at ForexBrokers.com, while XM Group earns 4 out of 5 stars and ranks #34 out of 63.
XM Group: Standard account spreads are on the high side, making it a costlier choice for spread-only trading. For the commission-based XM Zero account, the broker does not publish average spreads, which makes it harder to estimate your all-in trading costs.
FP Markets: The Raw ECN account features tight average spreads around 0.1 pips (about 0.8 pips all-in after commission) as of October 2023, with a flat $6 per round-turn per standard lot for forex; the Standard account averaged 1.1 pips on EUR/USD, so it’s pricier. ForexBrokers.com also named FP Markets Best in Class for Commissions and Fees in its 2024 Annual Awards. Share-CFD traders can use the Iress suite with DMA and full depth of book, but ViewPoint tiers have higher minimums (AUD 1,000/25,000/50,000) and potential platform/data fees unless you are Premier or spend at least AUD 150 in monthly commissions; the lighter Iress Investor plan waives monthly fees but limits streaming data and charting.
| Feature |
XM Group
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $5 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1.6 | 1.2 |
| All-in Cost EUR/USD - Active | 0.8 | 0.7 |
| 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 support forex trading via CFDs or spot, offer copy trading, and let you trade crypto as CFDs (neither sells actual crypto). FP Markets stands out for sheer variety with about 10,000 tradeable symbols and 71 forex pairs, while XM Group lists 1,394 symbols and 55 forex pairs.
For share dealing, XM Group offers exchange-traded securities (not CFDs) on both U.S. and international exchanges, whereas FP Markets does not offer exchange-traded securities. Both earn 4.5 stars for Range of Investments; in category rankings out of 63 brokers, FP Markets is #19 and XM Group is #25. If you want the biggest instrument list and more currency pairs, FP Markets fits the bill; if you want to buy actual shares on U.S. and global exchanges alongside CFD trading, XM Group is the better match.
| 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.
Comparing XM Group vs FP Markets on trading platforms and tools: both brokers offer free demo (paper) accounts, web-based and Windows desktop platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each supports trading directly from charts and includes a range of charting tools and watchlist features. A key difference is that FP Markets also provides its own proprietary platform, while XM Group relies on third‑party platforms only.
When it comes to quality scores, both earn 4 stars for Trading Platforms and Tools. However, FP Markets ranks higher in the category (#23 out of 63) than XM Group (#33 out of 63), according to ForexBrokers.com. If you want a broker with a proprietary platform alongside MT4/MT5, FP Markets may suit you. If you prefer sticking to the familiar MetaTrader experience with strong web and desktop access plus a free demo account, both XM Group and FP Markets fit 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 vs FP Markets for mobile trading: both brokers offer iPhone and Android apps with stock and forex price alerts, so you can track markets on the go. A key difference is watchlists—XM Group syncs your watchlist between the mobile app and your online account, while FP Markets does not. XM also includes 30 built-in technical studies, whereas FP Markets uses MetaTrader’s default set of indicators.
Both apps let you draw trendlines, but FP Markets auto-saves your chart drawings and XM Group does not. Each broker earns 4 out of 5 stars for mobile trading apps; however, in ForexBrokers.com’s Mobile Trading Apps category, FP Markets ranks 18th out of 63 brokers, ahead of XM Group at 31st. If syncing watchlists matters, XM has the edge; if auto-saving chart annotations is a priority, FP Markets may suit you better.
| 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.
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
|
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.
Both XM Group and FP Markets deliver beginner-friendly forex and CFD education, offering well over 10 pieces of material that include articles, videos, and regular client webinars. Each broker hosts at least one educational webinar per month and supplies a deep video catalog for all skill levels, with 10+ beginner videos to help you grasp core trading concepts and 10+ advanced videos for when you’re ready to go further. If you’re just starting out, you’ll find structured learning paths at both brokers that make it easier to build confidence step by step.
Where they differ is quality and recognition. XM Group earns a 5-star Education rating and ranks #7 out of 63 brokers at ForexBrokers.com, reflecting a stronger all-around learning experience. FP Markets is still a solid option, with a 4-star rating and a #23 ranking, offering plenty of useful content for new traders. If top-tier educational depth and polish matter most, XM Group has the edge; if you simply want ample beginner resources with ongoing webinars, FP Markets will also serve you well.
| 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 #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
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FP Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 89 |
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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 | 89 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
| Broker Screenshots | XM Group | FP Markets | |
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| 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 (SFC 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 | 1.6 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.7 | |
| 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 | 89 | |
| Winner | check_circle | ||
| Review | XM Group Review | FP Markets Review |
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