FP Markets versus XTB

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

Features & PlatformsXTB (visit site)FP Markets (visit site)
Headquarter:PolandAustralia
Established :
20022005
Retail Loss Rate:
73.00%75.31%
Regulation:
Minimum Deposit:
$0$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
€10 monthly after 12 monthsNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyThird-Party
Funding Methods:
521
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
High leverageVPS Hosting
Unique Feature Two:
Low trading costsMT4/MT5 plugins + Autochartist
Broker Offers:

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

Available MarketsXTBFP Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:500
Maximum Pro Leverage:
1:5001:500

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

Typical Spreads & FeesXTBFP Markets
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
0.1 pips1.0 pips
Minimum Commission for Forex:
Commission-free$6.00 per round lot
Commission for Equities:
Commission-free0.10% with $10 minimum
Rebates:
YesNo
Execution Type:
NDDNo Dealing Desk (NDD)

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

FP Markets

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments Commission286354
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated
Cyprus
Cyprus Securities and Exchange Commission371/18

XTB

Country of the RegulatorName of the RegulatorLicense Number
UK
Financial Conduct Authority522157
Poland
Komisja Nadzoru Finansowego0000217580
Belize
International Financial Services Commission000302/185
Cyprus
Cyprus Securities and Exchange Commission169/12
Spain
Comisión Nacional del Mercado de Valores40

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

ProsCons
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

ProsCons
Outstanding trading costs, ranking among the best Forex spreads industry-wide Limited deposit and withdrawal methods
Well-balanced asset selection with high leverageAbsence 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.

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