XM
FP Markets
VS
Higher Rated
XM
Capital at risk · T&Cs apply
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, ASIC, FCA ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, TradingView |
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 belowXM
WinnerFP Markets
XM
FP Markets
XM holds licences from ASIC, FCA, CySEC. FP Markets is regulated by ASIC, CySEC.
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
On spreads, FP Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. FP Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
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.
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.
XM
3.9/5
Choose XM if you want…
FP Markets
3.8/5
Choose FP Markets if you want…
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs FP Markets's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
XM offers spreads from 0.6 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. FP Markets requires $100.
XM is regulated by CySEC, ASIC, FCA, while FP Markets holds licences from ASIC, CySEC.
XM supports MT4, MT5, Proprietary Mobile. FP Markets supports MT4, MT5, TradingView, 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.