XM vs FP Markets
Debating whether XM or FP Markets is the better fit for your trading style? Our broker comparison between XM and FP Markets examines regulation and safety, spreads and commissions, platform choice and tools, available instruments, deposit and withdrawal methods, and other key details to help you weigh them side by side.
Who is XM?
XM is a global online broker that has been operating since 2009 under the Trading Point Group. It offers access to forex and CFD markets for traders around the world. XM features a collecion of educational resources, multilingual support, and a wide range of market products. The official website of XM is www.xm.com.
The minimum deposit required to start trading with XM is $5.
Who is FP Markets?
FP Markets, founded in 2005 in Sydney, is a global forex and CFD broker known for ECN-style pricing, deep liquidity, and fast execution. It serves both retail and professional traders and operates under the oversight of several well-known regulatory bodies. The official website of FP Markets is www.fpmarkets.com.
The minimum deposit required to start trading with FP Markets is $100.
XM vs FP Markets Side-by-Side Comparison
XM, founded in 2009, holds regulatory licenses from the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius) and maintains local offices in Limassol, Athens, Dubai and Cape Town. The broker provides access to various trading platforms, including MT4, MT5 and XM App.
Opening an account with XM requires a minimum deposit of $5, with base currencies available in USD, EUR, JPY, GBP, AUD, CHF, ZAR, HUF, SGD and PLN. It operates under a B-Book (market maker) model. Clients can fund their XM accounts through credit and debit cards, international wire transfers, local transfers and e-wallets (Skrill, Neteller, etc.).
In comparison, FP Markets, established in 2005, is regulated by the ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) and SVG (St. Vincent & the Grenadines) and has local offices in Sydney (Headquarters), Limassol and Eden Island. The broker offers a variety of trading platforms, including MT4, MT5, cTrader, TradingView and Iress.
The minimum deposit on FP Markets stands at $100, and the account base currency is USD. The broker follows an ECN/STP execution model. FP Markets allows traders to fund their accounts using various payment methods, including credit/debit cards, bank transfers, crypto, e-wallets (Skrill, Neteller, Paypal (in EU), Fasapay and SticPay).
XM vs FP Markets Market Instruments
XM offers 1,400+ CFD instruments across various global markets. In particular, XM offers CFDs on forex, stocks, equity indices, themathic indices, commodities and cryptocurrencies. Its product offering includes 40+ forex pairs, 1,000+ stocks, 20+ indices, 30+ commodities, and 10+ crypto pairs (outisde EEA).
Meanwhile, FP Markets offers 1,200+ marketable instruments, which include CFDs on forex, stocks, indices, commodities, etfs, bond and cryptocurrencies. Across different asset classes, traders will find 70+ forex pairs, 800+ stocks, 15 indices, 22 commodities, and 12 crypto pairs.
XM vs FP Markets Account Types
XM vs FP Markets Spreads Comparison
The figures below reflected the quoted minimum and average spreads on standard accounts for XM and FP Markets, and they can change with market volatility and liquidity. Always confirm current spreads on each broker's website before trading.
Minimum spreads: For EUR/USD, XM offers a minimum spread of 1.6 pips, while FP Markets offers 1.0 pips. XM also publishes minimums for GBP/USD at 1.8 pips, USD/CAD at 2.3 pips, and CAD/JPY at 3.4 pips, plus XAU/USD (Gold) at $0.3, WTI Crude Oil at $0.03, and Bitcoin at $60. FP Markets does not provide data about the minimum spreads for these instruments.
Average spreads: On EUR/USD, XM's average spread is 2.0 pips versus FP Markets at 1.2 pips. For GBP/USD, XM features 2.4 pips matched with FP Markets at 1.5 pips. On XAU/USD (Gold), XM offers $0.45 spreads, while FP Markets shows $0.26.
XM vs FP Markets Minimum Spreads Comparison
XM vs FP Markets Average Spreads Comparison
Costs on Raw/Zero Spread Account
Costs on raw/zero spread accounts usually include ultra-tight spreads plus a per-side per lot commission. XM and FP Markets aim to keep these costs low, but spreads move with liquidity and volatility. Therefore, confirm current pricing on each broker's website.
For XM, the minimum spread is 0.0 pips with a commission of $3.5 per side per lot on its Zero account (available only in EEA). For FP Markets, the minimum spread is 0.0 pips with a commission of $3.0 per side per lot on its Raw account.
Other Features
XM vs FP Markets: Wrapping Up the Comparison
XM and FP Markets are established, globally active brokers founded in 2009 and 2005, respectively. XM is regulated by the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius), while FP Markets is overseen by the ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) and SVG (St. Vincent & the Grenadines). Platform support is broad on both sides, with XM offering MT4, MT5 and XM App and FP Markets providing MT4, MT5, cTrader, TradingView and Iress.
XM accepts a low minimum deposit of $5 and offers access to 1,400+ instruments along with copy trading (outside EEA). The broker features a Standard account and a Zero Spread account (in the EEA). A demo account and an Islamic (swap-free) option are available to XM clients. Additional account choices such as Ultra Low and Shares are also on the menu. On pricing, minimum spreads on EUR/USD start from 1.6 pips, with an average around 2.0 pips.
FP Markets requires a minimum deposit of $100 and offers 1,200+ instruments, along with copy trading. The company provides access to a Standard account, a Raw Spread account, a demo account and an Islamic (swap-free) option for both the Standard and Raw accounts. It does not list other account types beyond its core offering. EUR/USD pricing is competitive, with minimum spreads from 1.0 pips and average spreads around 1.2 pips.
In summary, XM appeals to traders looking for a low minimum deposit, plenty of daily webinars, and tighter pricing through its Ultra Low account. FP Markets, on the other hand, suits traders who value competitive pricing on a standard account and access to more trading platforms.
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