The twelve plugins for MT4/MT5 plus Autochartist at FP Markets combine for a competitive MT4/MT5 environment. The geographically restricted Iress platform provides a innovative alternative for manual traders. High leverage, deep liquidity, and fast order execution ensure algorithmic traders have an edge. Asset managers get the MAM/PAMM module, and FP Markets maintains a proprietary social trading platform and Myfxbook Autotrade for copy traders.
Manual traders at XTB get a quality proprietary trading platform, also available as a mobile app. It features sentiment analysis, market commentary, and simplified trade and risk management, but the absence of algorithmic trading support at XTB remains a notable oversight.
We have conducted an in-depth review of FP Markets and XTB to determine which presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FP Markets versus XTB - Verdict
 |  | |
Headquarters | United Kingdom | Australia |
Regulators | N/A | ASIC, CMA, CySEC, FSCA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2002 | 2005 |
Execution Type(s) | Market Maker | ECN/STP |
Minimum Deposit | $0 | $100 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based |
Average Trading Cost EUR/USD | 0.1 pips ($1.00) | 1.2 pips |
Average Trading Cost GBP/USD | 0.2 pips ($2.00) | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.04 | $0.02 |
Average Trading Cost Gold | $0.36 | $0.16 |
Retail Loss Rate | N/A | 72.44% |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 1.0 pips |
Minimum Commission for Forex | N/A | $6.00 per Round Lot |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Noteworthy:
FP Markets and XTB provide beginner traders with high-quality educational articles and in-house generated research. FP Markets also offers VPS hosting for algorithmic traders who requires 24/7 low latency market access.
Available Markets
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website | Visit Website |
FP Markets provides Iress traders with 10,000+ assets, MT5 traders with 1,000+, and MT4 with just above 100. XTB lists 2,100+ trading instruments, but FP Markets maintains a broader choice of currency pairs for Forex traders. The cryptocurrency selection at both brokers remains below average, and FP Markets takes the overall lead in choice of assets.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 0.1 pips ($1.00) | 1.2 pips |
Average Trading Cost GBP/USD | 0.2 pips ($2.00) | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.04 | $0.02 |
Average Trading Cost Gold | $0.36 | $0.16 |
Average Trading Cost Bitcoin | $100.00 | $21.08 |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 1.0 pips |
Minimum Commission for Forex | N/A | $6.00 per Round Lot |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | N/A | No |
| Visit Website | Visit Website |
While both brokers maintain competitive costs, XTB features lower overall fees plus a rebate program rewarding high-volume traders. The minimum EUR/USD cost per 1.0 lot at FP Markets is $6.00 versus $1.00 at XTB, which also eliminated commissions for equity CFD traders, adding to its pricing advantage.
Security and Trust
| | |
Country of the Regulator | Belize, Cyprus, Poland, United Kingdom | Australia, Cyprus, Kenya, South Africa |
Name of the Regulator | N/A | ASIC, CMA, CySEC, FSCA |
Regulatory License Number | 000302/438, 522157, 169/12, 0000217580 | 286354, 103, 371/18, 50926 |
Regulatory Tier | 4, 1, 1, 1 | N/A |
| Visit Website | Visit Website |
Segregation of client deposits and negative balance protection exists at FP Markets and XTB. An investor compensation fund exists at the Cyprus subsidiaries of both brokers and the XTB UK unit. FP Markets serves most international traders from its unregulated but duly registered St. Vincent and the Grenadines subsidiary, while XTB is a publicly listed company in Poland. Both brokers maintain a secure, trustworthy trading environment and a clean record.
FP Markets vs XTB – Verdict
FP Markets
Pros | Cons |
|---|---|
| Choice of trading platforms and auxiliarytrading tools | Availability of Iress geographically restricted |
| Very competitive cost structure and excellent asset selection | |
| Low minimum deposit requirement and leverage of up to 1:500 | |
| Well-regulated and trustworthy |
XTB
Pros | Cons |
|---|---|
| Outstanding trading costs, ranking among the best Forex spreads industry-wide | Limited deposit and withdrawal methods |
| Well-balanced asset selection with high leverage | Absence of MT4 and no algorithmic trading |
| Fast NDD order execution and deep liquidity | |
| Quality training academy for beginner traders |
Scalpers and high-frequency traders will benefit from the low-cost pricing environment at XTB. The absence of algorithmic, copy, and social trading remains notable and creates a services gap. Therefore, FP Markets takes the overall lead, as it caters to all the above plus account management from upgraded platforms with fast order execution and a competitively priced cost structure.
You might also be interested in reviewing the below broker comparisons:
- XTB vs ActivTrades
- XTB vs IG Markets
- XTB vs Plus500
- FP Markets vs Exness
- FP Markets vs CMC
- FP Markets vs Avatrade
FAQs
Is FP Markets a true ECN?
FP Markets provides traders with a true ECN trading account.
Is FP Markets regulated in the UK?
No, FP Markets is unregulated in the UK.
Can you use FP Markets in the US?
FP Markets does not accept US-based traders.
Is FP Markets reliable?
FP Markets ranks among the most reliable Forex brokers, with 15+ years of experience and a clean operational record.
Is FP Markets a regulated broker?
FP Markets has regulatory licenses in Australia and Cyprus.
Is FP Markets a market maker?
FP Markets maintains a commission-free market maker account alongside its commission-based ECN alternative.
Does FP Markets have a no deposit bonus?
No, FP Markets does not offer a no deposit bonus.
Is FP Markets regulated in South Africa?
No, FP Markets is unregulated in South Africa.
What is XTB's leverage?
The maximum leverage offered at XTB is 1:500 but remains asset dependent.