Comparison of FP Markets and XM
| Feature | FP Markets | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2005 | 2009 |
| Broker Type | ECN | MM |
| Dealing | A-book | B-book |
| Execution | Market | Market |
| Regulation | ASIC, CySEC, FSCA, SVGFSA, SFSA | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $100 | $5 |
| Base Currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | ✖ | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FP Markets Review | XM Review |
About FP Markets
FP Markets is an Australian Forex and CFD broker founded in 2005 and regulated by ASIC, CySEC, and FSCA. It combines ECN pricing-RAW spreads from 0.0 pips and execution as fast as 0.02 seconds on Equinix NY4 servers-with a modest 100 AUD minimum deposit. Clients can trade via MetaTrader 4/5, cTrader, TradingView, or the Iress ViewPoint DMA platform, accessing more than 10000 instruments across forex, shares, indices, commodities, and crypto. The broker also supports passive strategies through Myfxbook AutoTrade, Signal Start, and MAM/PAMM solutions, while offering fee-free deposits and 24/7 multilingual customer support.
Pros
- Strong regulation with segregated client funds (ASIC, CySEC, FSCA)
- RAW ECN spreads from 0.0 pips and $6 round-turn commission per lot
- Execution speeds under 40 ms on NY4-ideal for scalping and algos
- Wide platform choice: MT4/5, cTrader, TradingView, and Iress ViewPoint
- 10000+ tradable instruments and numerous zero-fee funding options, including crypto
- Comprehensive analytics, education resources, and 24/7 multilingual support
Cons
- Iress ViewPoint incurs a monthly fee unless volume requirements are met
- Commission on RAW accounts may deter micro-lot traders
- No welcome bonuses or promotional offers
- Not available to clients in the USA and certain restricted jurisdictions
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
FP Markets & XM Regulation
| Feature | FP Markets | XM |
|---|---|---|
Companies | First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | ASIC, CySEC, FSCA, SVGFSA, SFSA | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
FP Markets
First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited
XM
XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Countries
FP Markets
Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles
XM
Belize, Cyprus, Australia, United Arab Emirates
Regulators
FP Markets
ASIC, CySEC, FSCA, SVGFSA, SFSA
XM
BFSC, CySEC, ASIC, DFSA
Investor Protection
FP Markets
Investor Compensation Fund (ICF)
XM
Investor Compensation Fund (ICF)
Investor Protection Size
FP Markets
€20 000
XM
€20 000
Publicly Traded
FP Markets
XM
Segregated Accounts
FP Markets
XM
Guaranteed Stop Loss
FP Markets
XM
Negative Balance Protection
FP Markets
XM
Account Types
| Account | FP Markets | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
ECN Account | ||
| Account Name | Standard | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Zero Account | ||
| Account Name | Raw | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $6 per 1 lot | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | — | Micro |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
FP Markets
—
XM
Standard
Min Deposit
FP Markets
—
XM
$5
Lot Size
FP Markets
—
XM
0.01
Spread Type
FP Markets
—
XM
Floating
Execution
FP Markets
—
XM
Market
Min Spread
FP Markets
—
XM
1.6
Fee
FP Markets
—
XM
No
Max Leverage
FP Markets
—
XM
1:1000
Stop Out
FP Markets
—
XM
20%
Margin Call
FP Markets
—
XM
50%
ECN Account
Account Name
FP Markets
Standard
XM
—
Min Deposit
FP Markets
$100
XM
—
Lot Size
FP Markets
0.01
XM
—
Spread Type
FP Markets
Floating
XM
—
Execution
FP Markets
Market
XM
—
Min Spread
FP Markets
1
XM
—
Fee
FP Markets
No
XM
—
Max Leverage
FP Markets
1:500
XM
—
Stop Out
FP Markets
50%
XM
—
Margin Call
FP Markets
100%
XM
—
Zero Account
Account Name
FP Markets
Raw
XM
—
Min Deposit
FP Markets
$100
XM
—
Lot Size
FP Markets
0.01
XM
—
Spread Type
FP Markets
Floating
XM
—
Execution
FP Markets
Market
XM
—
Min Spread
FP Markets
0
XM
—
Fee
FP Markets
$6 per 1 lot
XM
—
Max Leverage
FP Markets
1:500
XM
—
Stop Out
FP Markets
50%
XM
—
Margin Call
FP Markets
100%
XM
—
Cent Account
Account Name
FP Markets
—
XM
Micro
Min Deposit
FP Markets
—
XM
$5
Lot Size
FP Markets
—
XM
0.01
Spread Type
FP Markets
—
XM
Floating
Execution
FP Markets
—
XM
Market
Min Spread
FP Markets
—
XM
1.6
Fee
FP Markets
—
XM
No
Max Leverage
FP Markets
—
XM
1:1000
Stop Out
FP Markets
—
XM
20%
Margin Call
FP Markets
—
XM
50%
Additional Features
Demo Account
FP Markets
XM
VIP Account
FP Markets
XM
Swap-Free Account
FP Markets
XM
Copy Trading
FP Markets
XM
VPS
FP Markets
XM
PAMM/MAM Accounts
FP Markets
XM
Funding and Fees
| Feature | FP Markets | XM |
|---|---|---|
Base currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $15 after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
FP Markets
USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL
XM
USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF
Deposit and withdrawal methods
FP Markets
Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash)
XM
Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney
Inactivity fee
FP Markets
XM
$15 after 12 months
Interest on margin
FP Markets
XM
Withdrawal fee
FP Markets
XM
Trading Platforms and Conditions
| Feature | FP Markets | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 20 ms | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
FP Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
FP Markets
20 ms
XM
0 ms
Scalping
FP Markets
XM
Expert Advisors (EAs)
FP Markets
XM
Depth of Market (DOM)
FP Markets
XM
Spread
FP Markets
low
XM
low
Trading Assets
| Asset | FP Markets | XM |
|---|---|---|
Currencies | 81 | 55 |
Indices | 18 | 50 |
Stocks | 566 | 1307 |
Cryptocurrencies | 12 | 58 |
Bonds | 2 | 0 |
Metals | 17 | 3 |
Energies | 5 | 3 |
Soft Commodities | 7 | 8 |
ETFs | 58 | 0 |
Currencies
FP Markets
81
XM
55
Indices
FP Markets
18
XM
50
Stocks
FP Markets
566
XM
1307
Cryptocurrencies
FP Markets
12
XM
58
Bonds
FP Markets
2
XM
0
Metals
FP Markets
17
XM
3
Energies
FP Markets
5
XM
3
Soft Commodities
FP Markets
7
XM
8
ETFs
FP Markets
58
XM
0
Education and Analytics
| Feature | FP Markets | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
FP Markets
XM
Indicators
FP Markets
XM
Robots
FP Markets
XM
Signals
FP Markets
XM
Autochartist
FP Markets
XM
Expert Analytics
FP Markets
XM
News Feed
FP Markets
XM
Education Articles
FP Markets
XM
Webinars
FP Markets
XM
Seminars
FP Markets
XM
Bonuses
| Bonus | FP Markets | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
Welcome Bonus
Is available
FP Markets
XM
Size
FP Markets
—
XM
100%, up to $5000
Details
FP Markets
—
Contests
| Feature | FP Markets | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Live Contests
Is available
FP Markets
XM
Contests List
FP Markets
—
XM
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | FP Markets | XM |
|---|---|---|
Email | supportteam@fpmarkets.com | support@xm.com |
Phone | +4428254477809 | +5012236696 |
Telegram | Telegram | — |
Whatsapp | — | |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Email
FP Markets
Phone
FP Markets
Telegram
FP Markets
XM
—
Whatsapp
FP Markets
XM
—
TikTok
FP Markets
—
XM
Which Broker is Better?
After comparing FP Markets and XM, FP Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.