XM versus FP Markets

The upgraded MT4/MT5 platforms at FP Markets, consisting of twelve plugins and Autochartist, plus the MAM/PAMM modules for asset managers, create a competitive environment for manual, algorithmic, and copy traders. The geographically restricted Iress trading platform, primarily for equity traders, is also available, while FP Markets deploys its proprietary social trading service and Myfxbook Autotrade.

Traders at XM get upgraded MT4/MT5 platforms and one of the most efficient order execution environments, mostly without requotes or rejections, confirming deep liquidity. XM ranks among the most accessible brokers with a $5 minimum deposit requirement and offers generous bonuses and trading incentives, plus quality trading tools.

We have conducted an in-depth review of FP Markets and XM 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
• XM versus FP Markets - Verdict

Features and Platforms

Features & Platforms	FP Markets (visit site)	XM (visit site)
Headquarter:	Australia	Belize
Established :	2005	2009
Retail Loss Rate:	75.31%	75.59%
Regulation:
Minimum Deposit:	$100	$5
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	No	$5 monthly after 90 days
Deposit Fee:	Third-Party	No
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	21	25+
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:	VPS Hosting	Low trading costs
Unique Feature Two:	MT4/MT5 plugins + Autochartist	Excellent order execution
Broker Offers:	See what FP Markets offers	See what XM offers

Noteworthy:

Both offer quality education and research for beginners, but XM has more resources. FP Markets offers VPS hosting for algorithmic traders, and XM rewards active traders with a loyalty program.

Available Markets

While FP Markets lists 10,000+ equity CFDs, they require the geographically restricted Iress platform. All MT4/MT5 traders get 1,300+ trading instruments at XM and 1,000+ at FP Markets for MT5, notably fewer for MT4. Forex traders get an equal number of currency pairs in all FP Markets trading platforms and at XM.

Typical Spreads and Fees

The commission-based FP Markets account and the commission-free XM alternative provide equal core trading costs for Forex traders. It starts with a competitive $6.00 per round lot, but XM has a volume-based rebate program. Equity traders must compare fess on an asset basis to locate cost advantages.