FP Markets vs Xtrade Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Xtrade.
Does FP Markets or Xtrade offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.
Is FP Markets or Xtrade safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both FP Markets and Xtrade hold 2 global Tier-1 licenses. Both FP Markets and Xtrade hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FP Markets (87) earned a higher Trust Score than Xtrade (80).
Which trading platform is better: FP Markets or Xtrade?
To compare the trading platforms of both FP Markets and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FP Markets offers a better experience. With research, FP Markets offers superior market research. Finally, we found FP Markets to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.
How many forex pairs and CFDs are available to trade?
FP Markets provides traders 71 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, FP Markets offers traders access to 10000 CFDs while Xtrade has 142 available CFDs, a difference of 9858.
Can I trust FP Markets?
FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FP Markets is authorised by the following Tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the European Union via MiFID.
Can I trust Xtrade?
Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by two tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero tier-3 regulators (average risk), and one tier-4 regulator (high risk). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), and the European Union Authorized (MiFID).
Is FP Markets good?
FP Markets shines as a low-cost broker for trading forex and CFDs โ as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but itโs mostly a share trading platform โ and is generally a much pricier option.
Is Xtrade good?
Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.
Overall winner: FP Markets
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We review each brokerโs overall global offering โ a โYesโ 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.