Higher Rated
XM
Capital at risk · T&Cs apply
In the "FP Markets vs XM" broker comparison, the primary distinction lies in their fee structures and target audiences. FP Markets, with its spreads starting from 0 pips and a commission of $3, caters to experienced traders seeking tight spreads and advanced trading platforms like TradingView. In contrast, XM appeals to beginners and cost-conscious traders, offering zero commission and a minimal deposit requirement of just $5, although with wider spreads starting from 0.6 pips. Both brokers are regulated by ASIC and CySEC, providing a secure trading environment for their respective user bases.
FP Markets
XM
| FP Markets | XM | |
|---|---|---|
| BrokerRank Score | 3.8/5 | 3.9/5 ✓ |
| Min. Deposit | $100 ✓ | $5 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 | 1:1000 ✓ |
| Regulation | ASIC, CySEC | CySEC, ASIC, FCA ✓ |
| Platforms | MT4, MT5, TradingView | MT4, MT5, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
XM
WinnerFP Markets
XM
FP Markets, established in 2005 and headquartered in Sydney, Australia, is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies are well-regarded in the financial industry, providing a level of assurance regarding the broker's adherence to financial standards and client fund protection. ASIC regulation ensures that FP Markets clients benefit from the protection of segregated client accounts, safeguarding funds from misuse.
Conversely, XM, founded in 2009 and based in Limassol, Cyprus, operates under the regulation of CySEC, ASIC, and the Financial Conduct Authority (FCA) in the UK. The FCA is known for its stringent regulatory requirements, offering an additional layer of safety for XM clients. XM also provides negative balance protection, ensuring clients do not lose more than their account balance. This multi-regulatory oversight provides XM with a broader safety net for its clients, particularly those trading in volatile markets.
FP Markets offers highly competitive spreads starting from 0.0 pips on their Raw account, albeit with a commission of $3 per lot traded. The broker's minimum deposit requirement stands at $100, making it accessible for many traders. However, it is important to note that overnight fees may apply, and these can vary depending on the instrument and market conditions. The maximum leverage offered is 1:500, providing ample margin for experienced traders.
XM, on the other hand, offers spreads starting at 0.6 pips with no commissions on trades, which can be more appealing for traders looking to avoid additional costs. XM's minimum deposit is notably lower at just $5, significantly lowering the barrier to entry. The broker also boasts no deposit or withdrawal fees, and offers higher leverage up to 1:1000. However, traders should be cautious of wider spreads on standard accounts, which may affect trading costs over time.
FP Markets supports a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and a proprietary mobile platform. The integration with TradingView is particularly advantageous for traders who rely on advanced charting tools. XM offers MT4 and MT5 along with its own proprietary mobile platform, but lacks TradingView support, which could be a drawback for traders who value comprehensive charting capabilities.
For beginners, XM is the better choice due to its low minimum deposit and comprehensive educational resources. Professional traders might prefer FP Markets for its competitive spreads and TradingView integration. In terms of fees, XM's zero-commission structure can be more cost-effective for long-term trading.
FP Markets
3.8/5
Choose FP Markets if you want…
XM
3.9/5
Choose XM if you want…
XM scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs XM's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FP Markets offers spreads from 0 pips, while XM starts at 0.6 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. XM requires $5.
FP Markets is regulated by ASIC, CySEC, while XM holds licences from CySEC, ASIC, FCA.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. XM supports MT4, MT5, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.