Broker Alarab
Broker Comparison

FP Markets vs XS: Which Is Better?

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

Quick Recommendation
XS

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

Overall
XS
Beginners
Tie
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

XS

Low spreads

4.5out of 5
XS
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5
Final Verdict

Which broker is better: FP Markets or XS?

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

Overall Winner
XS

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

Beginners
Close
Spreads
Close
Deposit
FP Markets
Quick Summary

If you want the stronger overall choice, XS looks more suitable here. For beginners, the closer choice is both brokers. 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 XS

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

Best Overall: XSBeginners: Very Close

Safety & Trust

Reflects regulation strength and client fund protection.

Close
FP Markets4.6 / 5
XS4.4 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Close
FP Markets4.5 / 5
XS4.5 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
FP Markets4.7 / 5
XS4.4 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Small Edge
FP Markets4.3 / 5
XS4.5 / 5

Support & Customer Service

Compares support quality and overall user experience.

Close
FP Markets4.2 / 5
XS4.3 / 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 XS.

Quick Summary
Costs Are Close

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

FP Markets Accounts
2
XS Accounts
5
Beginners
Very Close
Factor
FP Markets
XS
Main Account
Standard
Standard
Min Deposit
$100
No minimum deposit
Spread
1.0 - 1.5
1.1 – 1.8
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

XS Accounts

5 available accounts

Standard
Spread
1.1 – 1.8
Commission
$0
Deposit
No minimum deposit
Execution
Market Execution
Micro
Spread
1.1 – 1.8
Commission
$0
Deposit
No minimum deposit
Execution
Market Execution
Cent
Spread
1.1 – 1.8
Commission
$0
Deposit
No minimum deposit
Execution
Market Execution
Pro
Spread
0.6 – 1.0
Commission
$0
Deposit
$500
Execution
Market Execution
Elite
Spread
0.0 – 0.2
Commission
$6 per lot
Deposit
$500
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
XS

The strongest overall choice based on this comparison.

Beginners
Both Suitable
Costs
Very Close
Short Decision

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

FAQs

Questions About FP Markets and XS

Key questions before opening an account.

FP Markets
XS

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.

What account types does XS offer and which one is best?

XS offers multiple account types including Standard, Cent, Micro, Pro, Elite, and VIP. Beginners usually start with Standard or Cent accounts, while experienced traders prefer Elite or Pro accounts for lower spreads.

Is XS a legit broker or should traders be cautious?

XS operates under multiple regulatory licenses such as ASIC and CySEC, but not all entities are considered top-tier. Traders should always check the specific regulatory entity before opening an account.

Does XS really allow trading with no minimum deposit?

Yes, XS offers accounts like Standard, Micro, and Cent with no minimum deposit requirement, allowing traders to start with very small amounts.