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Home ‣ Compare ‣ FP Markets vs Xtrade 2025

FP Markets vs Xtrade 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FP Markets vs Xtrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000
Xtrade
3.5/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 74
  • Tradeable Symbols (Total): 482

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.

Regulation

FP Markets and Xtrade are both online brokers offering various trading services, but they differ significantly in regulatory trustworthiness. Founded in 2005, FP Markets holds 2 Tier-1 licenses and 1 Tier-2 license, giving it a Trust Score of 89 out of 99, which indicates a high level of trust according to ForexBrokers.com. Although FP Markets is not publicly traded and isn't a bank, its licensing credentials contribute to its strong reputation among traders.

In contrast, Xtrade, founded in 2003, possesses 1 Tier-1 license and 1 Tier-2 license, resulting in a Trust Score of 74. This score signifies an average risk level, per ForexBrokers.com's rating system. Like FP Markets, Xtrade is neither publicly traded nor a bank. While Xtrade provides a reliable service, its lower Trust Score and fewer top-tier licenses make FP Markets a more trusted choice for those prioritizing regulatory oversight.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Year Founded info 2005 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

FP Markets stands out for low trading costs, while Xtrade trails in this category. In ForexBrokers.com’s Commissions and Fees ratings, FP Markets earns 5 stars and ranks #6 out of 63 brokers, with “Best in Class” honors for 2024. Xtrade scores 2.5 stars and is ranked #64 (out of 63 brokers evaluated), and it does not provide average spread data, which makes cost comparisons difficult.

FP Markets delivers its sharpest pricing on its commission-based Raw ECN account, with average spreads around 0.1 pips on EUR/USD (about 0.8 pips all-in after commission) and a $6 round-turn commission per standard lot on MetaTrader and cTrader. Its Standard (spread-only) account averages about 1.1 pips on EUR/USD. For share CFDs, FP Markets’ Iress platform offers Direct Market Access with full depth of book, but the ViewPoint tiers have higher barriers: Standard requires AUD 1,000, Platinum AUD 25,000, and Premier AUD 50,000; to avoid platform and data fees you must be on Premier or generate at least AUD 150 in monthly commissions. The lower-cost Iress Investor plan waives monthly fees but limits features and does not include streaming quotes by default.

By contrast, Xtrade does not publish average spreads, offering less transparency around day-to-day costs. Given its 2.5-star fee rating and #64 rank for Commissions and Fees, Xtrade’s pricing profile is a weaker match for traders focused on minimizing spreads and commission outlays, whereas FP Markets’ Raw ECN setup and clear fee structure make it a strong choice for cost-conscious forex traders.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Minimum Deposit info $100 AUD $250
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FP Markets vs Xtrade: both brokers let you trade forex (CFD/spot) and offer crypto derivatives, but neither provides access to actual cryptocurrencies or to exchange-traded shares on U.S. or international markets. The big difference is breadth. FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, while Xtrade offers roughly 482 symbols and 56 forex pairs. FP Markets also supports copy trading; Xtrade does not.

These gaps show up in third-party scores: FP Markets earns 4.5/5 stars for Range of Investments and ranks #19 out of 63 brokers at ForexBrokers.com, compared with Xtrade’s 3.5/5 stars and #50 ranking. If you want a wider selection of instruments and copy trading, FP Markets has the edge; if you only need core CFD markets, Xtrade covers the basics.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 482
Forex Pairs (Total) info 71 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

FP Markets vs Xtrade for trading platforms and tools: both brokers provide free demo (paper) accounts and offer proprietary platforms alongside web-based trading. FP Markets adds a Windows desktop download platform plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Xtrade does not support a Windows desktop download and does not offer MT4 or MT5. Copy trading is available at FP Markets but not at Xtrade, and neither broker offers DupliTrade or ZuluTrade. Both let you trade directly from charts; for charting extras, FP Markets has 17 drawing tools, whereas Xtrade lists 100. For watchlists, FP Markets offers 7 columns versus 9 with Xtrade.

On performance for platforms and tools, FP Markets earns 4 stars and ranks 23rd out of 63 brokers at ForexBrokers.com, compared with Xtrade’s 3.5 stars and 59th place. If you want MetaTrader integration, copy trading, or a Windows desktop app, FP Markets is the better fit; if you prefer a browser-only experience with a larger set of drawing tools and more watchlist fields, Xtrade has appeal. Either way, you can try both using their free demo accounts and place orders directly from charts.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 N/A
Charting - Drawing Tools (Total) info 17 100
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 9

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FP Markets and Xtrade both offer iPhone and Android apps, but their mobile features differ in key ways. FP Markets includes price alerts, while Xtrade does not. Neither app syncs watchlists with the web platform. For charting, FP Markets uses MetaTrader by default and lets you draw trendlines, switch between multiple time frames, and auto-save your drawings. Xtrade does not offer these charting tools, and technical studies are not listed for its app. FP Markets also supports real-time quote watchlists; Xtrade does not.

Both brokers earned 4 stars for mobile trading apps, yet their standings vary: FP Markets ranks 18th out of 63 brokers, while Xtrade ranks 54th, according to ForexBrokers.com. If you want alerts, richer chart work, and real-time watchlists on mobile, FP Markets is the stronger fit. Xtrade may appeal if you prefer a simpler app without advanced charting features.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

FP Markets vs Xtrade for market research: both brokers deliver daily market commentary, forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), and an economic calendar. FP Markets adds more built-in analysis with Autochartist and Trading Central, along with a sentiment-based tool that shows the ratio of long vs. short positions across instruments. Xtrade does not offer Autochartist, Trading Central, or a sentiment gauge. Neither broker provides research from TipRanks or tools from Acuity Trading.

Ratings back up these differences: FP Markets holds 4 stars for Research and ranks #25 out of 63 brokers on ForexBrokers.com, while Xtrade has 3.5 stars and ranks #53. Choose FP Markets if you want extra technical analysis and sentiment data in one place; pick Xtrade if you mainly need daily commentary, trusted news, and a clear economic calendar.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, FP Markets and Xtrade both offer over ten educational pieces focusing on forex or CFDs, but FP Markets distinguishes itself with additional content. While both brokers provide articles and videos, FP Markets stands out by offering monthly online educational webinars and maintaining a searchable archive of previously recorded sessions. In contrast, Xtrade does not offer these features, which could be crucial for learners who benefit from interactive content and easy access to past webinars.

FP Markets further supports beginners with a collection of at least ten videos tailored to novice traders and another set aimed at advanced techniques for experienced users. This comprehensive video library is absent in Xtrade's offerings. Additionally, both brokers provide an investor dictionary with definitions of over 50 investing terms. When evaluated on educational quality, FP Markets earns a commendable four-star rating and ranks #23 among 63 brokers on ForexBrokers.com, while Xtrade receives a slightly lower 3.5-star rating and ranks #46. Overall, FP Markets provides a more extensive educational experience than Xtrade, particularly for those just starting their trading journey.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Xtrade. FP Markets finished with an overall rank of #19, while Xtrade finished with an overall rank of #60.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
Xtrade logoXtrade
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 89 74
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 2.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or Xtrade?

Both FP Markets and Xtrade do not provide the option to purchase actual delivered cryptocurrency but they do offer the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

FP Markets and Xtrade both lack ACH or SEPA transfer options for transactions, but FP Markets distinguishes itself by allowing PayPal deposits and withdrawals, unlike Xtrade, while both brokers support Skrill, Visa, Mastercard, and bank wire methods.

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Overall Rating FP Markets Xtrade
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 2.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 74
Winner check_circle
Review FP Markets Review Xtrade Review
Broker Screenshots FP Markets Xtrade
Broker Gallery (click to expand) info
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
Regulation FP Markets Xtrade
Trust Score info 89 74
Year Founded info 2005 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) FP Markets Xtrade
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) FP Markets Xtrade
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FP Markets Xtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 482
Forex Pairs (Total) info 71 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 FP Markets Xtrade
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.7 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding FP Markets Xtrade
Minimum Deposit info $100 AUD $250
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms FP Markets Xtrade
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info No No
Trading Tools FP Markets Xtrade
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 9
Charting - Indicators / Studies (Total) info 30 N/A
Charting - Drawing Tools (Total) info 17 100
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading FP Markets Xtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Mobile Watchlist info Yes No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research FP Markets Xtrade
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education FP Markets Xtrade
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs FP Markets Xtrade
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FP Markets Review Xtrade Review
Overall FP Markets Xtrade
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 2.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 89 74
Winner check_circle
Review FP Markets Review Xtrade Review
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