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
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FP Markets versus XTB - Verdict
Features and Platforms
| Features & Platforms | XTB (visit site) | FP Markets (visit site) |
 |  | |
| Headquarter: | Poland | Australia |
Established : | 2002 | 2005 |
Retail Loss Rate: | 73.00% | 75.31% |
Regulation: | ||
Minimum Deposit: | $0 | $100 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | €10 monthly after 12 months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 5 | 21 |
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 leverage | VPS Hosting |
Unique Feature Two: | Low trading costs | MT4/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 Markets | XTB | FP Markets |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:500 | 1:500 |
Maximum Pro Leverage: | 1:500 | 1:500 |
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 & Fees | XTB | FP Markets |
Minimum Raw Spreads: | Not applicable | 0.0 pips |
Minimum Standard Spreads: | 0.1 pips | 1.0 pips |
Minimum Commission for Forex: | Commission-free | $6.00 per round lot |
Commission for Equities: | Commission-free | 0.10% with $10 minimum |
Rebates: | Yes | No |
Execution Type: | NDD | No 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 Regulator | Name of the Regulator | License Number |
Australia | Australian Securities & Investments Commission | 286354 |
St. Vincent and the Grenadines | Financial Services Authority | Unregulated |
Cyprus | Cyprus Securities and Exchange Commission | 371/18 |
XTB
| Country of the Regulator | Name of the Regulator | License Number |
UK | Financial Conduct Authority | 522157 |
Poland | Komisja Nadzoru Finansowego | 0000217580 |
Belize | International Financial Services Commission | 000302/185 |
Cyprus | Cyprus Securities and Exchange Commission | 169/12 |
Spain | Comisión Nacional del Mercado de Valores | 40 |
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.
FP Markets ranks among the most reliable Forex brokers, with 15+ years of experience and a clean operational record.
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.