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
FP Markets
BROKER COMPARISON
Trading Platform & Tools
| 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
| 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 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the XM Group vs. FP Markets review:
- XM is a trustworthy broker with a reliable learning center.
- FP Markets is a popular broker with many educational resources for traders at all levels.
- 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