Home Brokers Comparison XM Group vs. FP Markets

XM Group vs. FP Markets

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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. 

Broker NameXM GroupFP Markets
Year Founded20092015
RegulationASIC, FCA, CySEC, IFSCASIC
Tradable AssetsForex, CFDForex, CFDs
Min Deposit$5-100AUD 100
Min Trade$0$0
PlatformsMT4, MT5Iress, MT4, MT5
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

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

  1. XM is a trustworthy broker with a reliable learning center. 
  1. FP Markets is a popular broker with many educational resources for traders at all levels. 
  1. 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


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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