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FP Markets vs Xtrade 2022

Is FP Markets better than Xtrade? In our analysis of 23 international regulators across 39 brokers, FP Markets is considered average-risk, with an overall Trust Score of 82 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less FP Markets Xtrade
Overall Rating starstarstarstarstar starstarstarstarstar
Commissions & Fees starstarstarstarstar starstarstarstarstar
Offering of Investments starstarstarstarstar starstarstarstarstar
Platform & Tools starstarstarstarstar starstarstarstarstar
Mobile Trading starstarstarstarstar starstarstarstarstar
Research starstarstarstarstar starstarstarstarstar
Education starstarstarstarstar starstarstarstarstar
Trust Score 82 80
Regulation expand_moreexpand_less FP Markets Xtrade
Trust Score 82 80
Year Founded 2005 2003
Publicly Traded (Listed) No No
Bank No No
Tier-1 Licenses 1 1
Tier-2 Licenses 1 2
Tier-3 Licenses 0 1
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less FP Markets Xtrade
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust) expand_moreexpand_less FP Markets Xtrade
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
NSE Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less FP Markets Xtrade
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No Yes
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
Investments expand_moreexpand_less FP Markets Xtrade
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 9790 142
Forex Pairs (Total) 63 56
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Cost expand_moreexpand_less FP Markets Xtrade
Average Spread EUR/USD - Standard 1.2 (September 2021) -1
All-in Cost EUR/USD - Active 0.7 (September 2021) -1
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
Funding expand_moreexpand_less FP Markets Xtrade
Minimum Initial Deposit $100 AUD $250
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Trading Platforms expand_moreexpand_less FP Markets Xtrade
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading Tools expand_moreexpand_less FP Markets Xtrade
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 30 N/A
Charting - Drawing Tools (Total) 15 18
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile Trading expand_moreexpand_less FP Markets Xtrade
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies MetaTrader (Default) N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
Research expand_moreexpand_less FP Markets Xtrade
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Education expand_moreexpand_less FP Markets Xtrade
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex Pairs expand_moreexpand_less FP Markets Xtrade
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
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FP Markets vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 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 [Variable A] global Tier-1 licenses. In our analysis of 23 international regulators across 50 brokers, FP Markets earned a higher Trust Score than Xtrade.

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 63 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, FP Markets offers traders access to 9790 CFDs while Xtrade has 142 available CFDs, a difference of 9648.

Can I trust FP Markets?

FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

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 8,000 tradeable symbols, but itโ€™s mostly a share trading platform โ€“ and is generally a much pricier option.

Is Xtrade good?

Overall winner: FP Markets

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