Broker Comparison

FP Markets vs XM: Which Is Better?

A quick comparison between FP Markets and XM across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
XM

Best overall based on rating, usability, fees, and account access.

Overall
XM
Beginners
XM
Spreads
Tie

FP Markets

Scalping and automated trading

4.3out of 5
FP Markets
Minimum Deposit
$100
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView
Best Overall

XM

Low deposit

4.5out of 5
XM
Minimum Deposit
$5
Islamic Account
Available
Trading Platforms
MT4 | MT5
Final Verdict

Which broker is better: FP Markets or XM?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
XM

Best balance between rating, fees, trust, and usability.

Beginners
XM
Spreads
Close
Deposit
XM
Quick Summary

If you want the stronger overall choice, XM looks more suitable here. For beginners, the closer choice is XM. For lower spreads and active trading, the lower-cost account type looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between FP Markets and XM

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: XMBeginners: XM

Safety & Trust

Reflects regulation strength and client fund protection.

Close
FP Markets4.5 / 5
XM4.6 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Close
FP Markets4.3 / 5
XM4.3 / 5

Trading Platforms

Based on platform quality and available trading tools.

Close
FP Markets4.5 / 5
XM4.5 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Better: XM
FP Markets4.2 / 5
XM4.7 / 5

Support & Customer Service

Compares support quality and overall user experience.

Small Edge
FP Markets4.1 / 5
XM4.5 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between FP Markets and XM.

Quick Summary
Costs Are Close

There is no clear cost winner; the account type is the key factor.

FP Markets Accounts
2
XM Accounts
4
Beginners
XM
Factor
FP Markets
XM
Main Account
Standard
Micro
Min Deposit
$100
$5
Spread
1.0 - 1.5
1.0 – 1.5
Commission
$0
$0
Execution
Market Execution
Market Execution

FP Markets Accounts

2 available accounts

Standard
Spread
1.0 - 1.5
Commission
$0
Deposit
$100
Execution
Market Execution
Raw
Spread
0.0 - 0.3
Commission
$6 per lot
Deposit
$100
Execution
Market Execution

XM Accounts

4 available accounts

Micro
Spread
1.0 – 1.5
Commission
$0
Deposit
$5
Execution
Market Execution
Standard
Spread
1.0 – 1.5
Commission
$0
Deposit
$5
Execution
Market Execution
Ultra Low
Spread
0.6 – 1.0
Commission
$0
Deposit
$5
Execution
Market Execution
Zero
Spread
0.0 – 0.3
Commission
$7 per lot
Deposit
$5
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
XM

The strongest overall choice based on this comparison.

Beginners
XM
Costs
Very Close
Short Decision

Choose XM if you want the strongest overall option. For an easier start, the closer choice is XM.

FAQs

Questions About FP Markets and XM

Key questions before opening an account.

FP Markets
XM

What is the real difference between FP Markets Standard and Raw accounts?

Standard uses spread-only pricing starting around 1.0 pip. Raw starts from 0.0 pips and charges approximately $6 per standard lot round turn, making it more relevant to active traders.

Is the FP Markets Raw account always cheaper than Standard?

Not always. Traders must combine the live spread and commission. Raw can be cheaper for scalping and frequent trading, while Standard may be simpler for less active strategies.

Is FP Markets a true ECN broker?

FP Markets provides raw-style pricing and liquidity-based execution commonly associated with ECN trading. However, the ECN label alone does not guarantee lower costs; spread, commission and execution quality matter more.

Is XM Zero account really cheaper than Standard accounts?

XM Zero offers spreads starting from 0.0 pips, but charges a commission of about $7 per lot round turn. In contrast, Standard accounts include costs in spreads starting around 1.0–1.5 pips, making Zero accounts more suitable for active traders.

What is the real spread on XM accounts in live trading?

XM Standard and Micro accounts typically have spreads between 1.0 to 1.5 pips, while Ultra Low accounts offer tighter spreads from around 0.6 pips. These spreads are variable and can increase during volatility.

Does XM use market execution or instant execution?

XM mainly uses Market Execution across its account types, allowing trades to be executed at the best available price without requotes, but with possible slippage during fast markets.