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 |
When comparing XM Group and FP Markets for commissions and fees, FP Markets comes out ahead for most traders. XM Group’s standard account spreads are considered expensive, and it does not publish average spreads for its commission-based XM Zero account, which makes pricing harder to judge. XM Group is rated 3.5 out of 5 stars and ranks #34 out of 36 brokers for Commissions and Fees.
FP Markets, on the other hand, is known for its low-cost pricing, especially on its commission-based Raw ECN account and cTrader offering. Its Raw ECN account has very competitive spreads, while its Standard account is pricier by comparison. FP Markets also earned Best in Class honors for Commissions and Fees in the 2024 Annual Awards. It is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers for Commissions and Fees.
In simple terms, FP Markets is the better pick if keeping trading costs low is a priority. XM Group may still suit traders who value its platform and account setup, but FP Markets offers the stronger edge on pricing overall.
| 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 give traders access to forex as CFDs or spot contracts, plus copy trading and cryptocurrency CFDs. Neither broker lets clients buy actual, delivered cryptocurrency. When it comes to overall choice, FP Markets offers a much larger selection with about 10,000 tradeable symbols and 71 forex pairs, compared with XM Group’s 1,429 tradeable symbols and 55 forex pairs. That makes FP Markets the better fit for traders who want a wider market menu, while XM Group still covers the main bases for everyday trading.
XM Group stands out for offering exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone rather than only trading CFDs. FP Markets does not offer these exchange traded securities. Even so, both brokers are rated 4.5 out of 5 for Range of Investments, with FP Markets ranked #17 out of 36 brokers and XM Group ranked #19. In short, FP Markets has the broader product range, while XM Group offers a stronger mix of traditional share investing alongside forex and CFDs.
| 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 give traders a solid set of platform choices for online trading. Each broker offers a free demo account, web-based trading, Windows desktop downloads, copy trading, and access to MetaTrader 4 and MetaTrader 5. Both also let users place trades directly from charts, which can be helpful for quick decision-making and easier trade entry.
The main difference is that FP Markets also offers its own in-house platform, while XM Group does not. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers are rated 4 out of 5 stars, but FP Markets is ranked higher overall at #22 out of 36 brokers, compared with XM Group at #27. For traders comparing platform variety and tools, FP Markets has a slight edge, though XM Group still covers the core features most traders look for.
| 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 make it easy to trade on the go, with iPhone and Android apps, price alerts, and the ability to draw trendlines on charts. Each broker also earns a 4-star rating for mobile trading apps, so both offer a solid app experience for everyday traders. XM Group stands out for its watchlist symbol syncing, which keeps mobile watchlists linked to the client’s online account, making it easier to stay organized across devices.
When it comes to charting, XM Group offers 30 technical studies in its mobile app, while FP Markets uses the default MetaTrader charting tools. FP Markets has one useful edge in that it auto-saves chart drawings, while XM Group does not. In ForexBrokers.com’s mobile trading apps ranking, FP Markets places higher at #20 out of 36 brokers, compared with XM Group at #26, giving FP Markets a slight overall advantage in this category.
| 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 give traders a solid range of market research tools, including daily market commentary, news from top-tier sources like Bloomberg and Reuters, Trading Central analysis, sentiment tools, and an economic calendar for tracking global events. Both brokers also offer useful insights for traders who want to follow market trends, news, and possible trade ideas in one place.
The main difference is that FP Markets includes Autochartist, while XM Group does not. Even so, XM Group comes out ahead overall for research, with a 5-star rating and a #8 ranking out of 36 brokers from ForexBrokers.com, compared with FP Markets’ 4-star rating and #22 ranking. For traders who want the stronger research offering overall, XM Group has the edge, while FP Markets still provides a good all-around selection of market research tools.
| 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.
For beginners looking for trading education, both XM Group and FP Markets offer a wide range of learning tools. Each broker provides forex and CFDs education, regular online webinars at least once a month, and plenty of beginner-focused videos, along with advanced video content for more experienced traders. That means new traders can find useful material on both platforms, whether they want to learn the basics or build on what they already know.
XM Group has the edge overall for education. It is rated 5 out of 5 stars and ranks #5 out of 36 brokers for the Education category on ForexBrokers.com, while FP Markets is rated 4 out of 5 stars and ranks #22. For beginners comparing the two, both are solid choices, but XM Group stands out as the stronger option for educational support.
| 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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|---|---|---|
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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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