XM vs. FP Markets

Page Summary

XM Group and FP Markets are top online brokers with beginner-friendly portfolios. XM Group is a MetaTrader-only broker with top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM offers valuable educational materials and market research data. It is a top choice for new investors who want to improve their trading knowledge. 

FP Markets is a MetaTrader broker with a transparent fee structure. It is a trustworthy brokerage firm with a top-tier license from the ASIC. FP Markets offers many educational resources, including beginner trading videos. 

Both online brokers have advantages and disadvantages. This article discusses the differences between XM Group and FP Markets. 

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XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

FP Markets logo

FP Markets

Open account Read review

75.31% of retail CFD accounts lose money

BROKER COMPARISON

XM logo
FP Markets logo

Overall rating

4,1/5

4,3/5

Overall rating

4,1/5

4,3/5

Trading Platform & Tools

3.9

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:888 1:500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.1

5.0

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.6 pips $3 per lot per trade + 0 pips
Stocks & ETF 0,1% – (min $5) 0.13 pips
CFD (Gold) 3 pips 0.13 pips
Crypto 9.13 pips
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.1

See details
Minimum deposit (in UAE) $5 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.8

3.1

See details
Shares 100 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 55 63
CFD Indices & Funds 14 14
CFD Stocks 1286 9000
CFD Commodities 14 10
CFD Crypto 5 4
CFD Bonds 0 2
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Top findings from the XM Group vs. FP Markets review:  

  1. XM is a trustworthy broker with a reliable learning center. 
  2. FP Markets is a popular broker with many educational resources for traders at all levels. 
  3. Both brokers offer a virtual trading account to test their offering. 

XM Group and FP Markets offer beginner-friendly services. We recommend both brokers for new investors, as they offer access to impressive research and learning tools. 

Level of experience  

XM is a MetaTrader-only broker with access to the full MetaTrader suite. It offers investor trading support and a virtual account for testing its services. XM has many learning tools, including articles and trading videos. 

FP Markets offers straightforward tools for beginner traders. It has the MetaTrader suite and a demo account. FP Markets provides access to valuable educational materials, including forex education and beginner trading videos. 

Fees  

The minimum deposit fee at XM ranges between $5 and $100, depending on the services you opt for. FP Markets has a minimum deposit fee of $100 AUD. The average EUR/USD at XM is 1.6, while at FP Markets is 1.14. 

Assets  

FP Markets has 61 forex currency pairs, while XM offers 57 pairs. FP Markets provides access to 8908 CFDs, while XM has 1372 available CFDs. 

Trading platform  

XM doesn’t offer a proprietary platform. It has the MT4 and MT5 suites, which are highly customizable. XM offers user-friendly tools, a comprehensive research center, and many learning materials. It has diverse educational content, including articles and market data. 

FP Markets offers the full MetaTrader suite with a competitive fee structure. It has reliable learning materials, including videos and tutorials. FP Markets has many trading tools, including charting and watch lists. 

Banking services  

Banking services are important for a quality online trading experience. FP Markets offers many funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. X Group has bank transfers, credit/debit cards, and Skrill. 

Final verdict  

XM Group and FP Markets are top online brokers. Both have strengths and weaknesses, depending on your trading needs and experience. XM and FP Markets are good choices for new investors because of their comprehensive learning materials. 

XM compared to other brokers:
XM review

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