Written by ForexBrokers.com
In this head to head comparison of XTB 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.
XTB and FP Markets are online brokers that offer reliable options for traders worldwide, but they differ in certain aspects of trustworthiness and regulatory credentials. XTB, founded in 2002, is a publicly traded company and holds a high Trust Score of 96 out of 99, making it highly trusted according to ForexBrokers.com. It is equipped with two Tier-1 licenses, signaling strong regulatory oversight, and two additional Tier-2 licenses. In contrast, FP Markets, established in 2005, is not publicly traded but still upholds a commendable Trust Score of 89. Like XTB, FP Markets also maintains two Tier-1 licenses but has only one Tier-2 license, reflecting slightly less regulatory coverage.
Neither XTB nor FP Markets functions as a bank, focusing purely on providing brokerage services. XTB's status as a public company may offer an added layer of transparency and trust for investors, considering its adherence to financial regulations and public reporting standards. Meanwhile, FP Markets stands as a trusted broker with solid regulatory backing, though it does not offer the same level of public accountability as a non-public entity. Traders prioritizing high transparency and regulatory assurance might lean towards XTB, while those content with strong but slightly less extensive regulatory oversight might consider FP Markets a suitable choice.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Year Founded | 2002 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of XTB and FP Markets, both brokers offer a range of accounts tailored to different trading needs. XTB provides a spread-only Standard account and a commission-based Professional account, although the latter is mainly available to elected professionals in the U.K. and Europe and is gradually being phased out. The Standard account requires a minimum deposit of 250 base currency and features average forex spreads, with data from Q4 2023 indicating a 1 pip average on the EUR/USD pair. Active traders in the EU may benefit from a rebate program that reduces spreads by 5% to 30% based on trading volumes. XTB holds a high rating for commissions and fees, earning 4.5 out of 5 stars, and ranks 11th out of 63 brokers on ForexBrokers.com for this category.
FP Markets, on the other hand, stands out with a 5-star rating for its competitive commissions and fees. The broker offers a variety of account types, including the Raw ECN account with highly competitive average spreads of 0.1 pips as of October 2023, amounting to a total of 0.8 pips after adding commission. Conversely, the Standard account incurs higher spreads at approximately 1.1 pips for EUR/USD. FP Markets' Iress platform suite caters to active traders with high-balance accounts, although it's noted to be a less cost-effective choice unless certain criteria are met. Overall, FP Markets ranks impressively at 6th place among 63 brokers reviewed by ForexBrokers.com.
In summary, XTB and FP Markets each have unique offerings tailored to different trading styles and needs. XTB is noted for its accessible Standard account and benefits for active traders within the EU, while FP Markets offers competitive pricing, especially for its Raw ECN account. Nevertheless, traders should consider their individual trading volume and requirements when selecting a broker. Both brokers maintain strong reputations, with FP Markets leading in terms of overall commissions and fees competitiveness.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average Spread EUR/USD - Standard | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 1.00 | 0.7 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing the range of investments offered by XTB and FP Markets, both brokers provide opportunities for forex trading with options for trading as CFDs. XTB boasts a selection of 7,184 tradeable symbols, slightly less than the 10,000 available at FP Markets. Both brokers are on par when it comes to forex pairs, with 71 pairs offered by each. However, XTB distinguishes itself by allowing clients to invest in actual exchange-traded securities on both U.S. and international exchanges, a feature not available with FP Markets, which focuses on CFDs for such assets.
FP Markets, on the other hand, provides copy trading options, a service not offered by XTB. For cryptocurrency enthusiasts, both brokers limit their services to cryptocurrency derivatives rather than actual cryptocurrencies. Despite these differences, when evaluated for their range of investments, XTB receives a 5-star rating and ranks 14th out of 63 brokers, while FP Markets earns a 4.5-star rating, placing it at 18th. These distinctions highlight each broker's strengths and areas where they cater differently to investor preferences.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 10000 |
| Forex Pairs (Total) | 71 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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 XTB and FP Markets, both brokers provide versatile options. XTB and FP Markets offer simulated trading with free virtual demo accounts, ensuring that users can practice strategies without risk. Each broker also features a proprietary platform, along with Windows-based desktop and web-based trading platforms. However, when it comes to advanced platforms, FP Markets stands out by supporting MetaTrader 4 and MetaTrader 5, which XTB does not. Additionally, FP Markets offers copy trading capabilities, a feature not available with XTB.
XTB offers 32 drawing tools for charting, surpassing FP Markets' 17 options, and both allow direct trading from stock charts. For creating watch lists, XTB provides one more column than FP Markets, with eight fields available. Despite certain differences, such as FP Markets offering more diverse platform support with MetaTrader, XTB scores slightly higher in trading platforms and tools, with a 4.5-star rating compared to FP Markets' 4-star rating. This reflects in their rankings on ForexBrokers.com, where XTB is positioned at #9, while FP Markets is at #23 out of 63 brokers.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XTB and FP Markets, both platforms offer applications for iPhone and Android users. Both apps provide key features like stock or forex price alerts, drawing tools for trend lines on charts, and the ability to view multiple time frames such as daily or weekly charts. Additionally, both XTB and FP Markets allow users to create watchlists with real-time quotes, but neither supports watchlist symbol syncing across devices. This means any changes made to watchlists will not automatically sync between the mobile app and the online account.
XTB stands out with its provision of 39 technical studies for chart analysis, whereas FP Markets relies on the meta trader's default options. Both apps ensure that drawings on charts are auto-saved. In terms of user ratings and rankings, XTB's mobile app has a higher rating of 4.5 stars compared to FP Markets' 4 stars. XTB also ranks higher at #8 in ForexBrokers.com's evaluation of 63 brokers, while FP Markets ranks at #18. These distinctions suggest that XTB might offer a slightly more feature-rich and better-rated mobile trading experience than FP Markets.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XTB and FP Markets both provide traders with daily market commentary and forex news from esteemed sources like Bloomberg and Reuters. They also feature sentiment-based trading tools to help assess market positions. Additionally, both platforms offer economic calendars, ensuring traders are informed about essential global news events. However, FP Markets distinguishes itself by integrating technical analysis tools from reputable providers such as Autochartist and Trading Central, which are not available through XTB.
Despite FP Markets' broader range of tools, XTB holds a higher reputation in market research, earning a rating of 5 stars compared to FP Markets' 4 stars. In ForexBrokers.com's ranking of 63 brokers, XTB ranks 7th for research capabilities, while FP Markets sits at 25th. This suggests that while FP Markets offers more diverse technical analysis tools, XTB may provide a superior overall research experience.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | 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 the educational resources available to beginners at XTB and FP Markets, both online brokers provide a wide range of materials catering to newcomers. XTB and FP Markets each offer over 10 pieces of educational content focused on forex and CFDs, ensuring that beginners have access to quality information. They both host monthly online webinars and maintain a searchable archive of past webinars, allowing learners to enhance their skills at their own pace. While XTB and FP Markets each offer over 10 beginner-focused and advanced educational videos, only FP Markets provides an investor dictionary with definitions of more than 50 investing terms.
Although both brokers commit to offering diverse educational content for beginners, XTB stands out with a higher rating of 5 stars for its educational offerings, compared to FP Markets' 4 stars. This higher rating reflects the broker's commitment to quality education. Moreover, XTB ranks #11 in the Education category among 63 brokers on ForexBrokers.com, while FP Markets sits at #23. This distinction highlights XTB’s stronger reputation as an educational resource for budding traders. Overall, while both brokers provide valuable learning tools, XTB may offer a more comprehensive learning experience for those starting in online trading.
| Feature |
XTB
|
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 63 of the best forex brokers, our research and account testing finds that XTB is better than FP Markets. XTB finished with an overall rank of #7, while FP Markets finished with an overall rank of #19.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 89 |
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Both XTB and FP Markets do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
Both XTB and FP Markets do not support ACH or SEPA transfers, but offer multiple other convenient options for depositing and withdrawing funds, including PayPal, Skrill, Visa or Mastercard, and bank wires.
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 | XTB | FP Markets | |
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| Trust Score | 96 | 89 | |
| Winner | check_circle | ||
| Review | XTB Review | FP Markets Review |
| Broker Screenshots | XTB | FP Markets | |
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| Regulation | XTB | FP Markets | |
|---|---|---|---|
| Trust Score | 96 | 89 | |
| Year Founded | 2002 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | XTB | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 10000 | |
| Forex Pairs (Total) | 71 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | XTB | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.7 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | 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 | XTB | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | 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 | XTB | 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 | XTB Review | FP Markets Review |
| Overall | XTB | FP Markets | |
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| Trust Score | 96 | 89 | |
| Winner | check_circle | ||
| Review | XTB Review | FP Markets Review |
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