XM vs FP Markets 2026: Which Broker is Better?
Choosing between XM and FP Markets depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while FP Markets operates from Sydney, Australia. FP Markets has the longer track record, established in 2005, compared to XM which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
FP Markets
| XM | FP Markets | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.8/5 |
| Min. Deposit | $5 | $100 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:500 |
| Regulation | CySEC, DFSA, FSC ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, TradingView |
XM (3.9/5) and FP Markets (3.8/5) are closely matched. FP Markets has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowXM vs FP Markets: Key Differences
XM
WinnerFP Markets
Fees Comparison
XM
FP Markets
Regulation & Trust
XM holds licences from ASIC, FCA, CySEC. FP Markets is regulated by ASIC, CySEC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
Fees & Spreads
On spreads, FP Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
Trading Platforms
XM supports MT4, MT5, Proprietary Mobile. FP Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
Minimum Deposit
XM requires a minimum deposit of $5, while FP Markets sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores XM at 3.92/5 and FP Markets at 3.84/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
XM
3.9/5
Choose XM if you want…
- No per-trade commission
- Lower minimum deposit ($5)
- Higher leverage (up to 1:1000)
- More regulatory licences (5)
FP Markets
3.8/5
Choose FP Markets if you want…
- Tighter spreads (from 0 pips)
- More market types (6)
- More established (est. 2005)
- More platforms (4 supported)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both XM & FP Markets are available in
Frequently Asked Questions
1Is XM better than FP Markets?
XM (3.9/5) and FP Markets (3.8/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
2Which has lower fees, XM or FP Markets?
XM offers spreads from 0.6 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for XM vs FP Markets?
XM requires a minimum deposit of $5. FP Markets requires $100.
4Which broker is safer, XM or FP Markets?
XM is regulated by CySEC, DFSA, FSC, FSCA, FSA, while FP Markets holds licences from ASIC, CySEC.
5What trading platforms do XM and FP Markets support?
XM supports MT4, MT5, Proprietary Mobile. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both XM and FP Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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