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FP Markets
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XM

FP Markets vs XM: which broker is better in 2026?

We compare FP Markets and XM — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, FP Markets edges ahead (3.8/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaFP MarketsXM
Overall score 3.8 3.6
Regulation & safety 3.5 3.0
Fees & deposit 4.0 3.5
Platform & assets 4.0 4.0
User support 3.5 4.0
Trust score74/10069/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, IRESSMetaTrader 4, MetaTrader 5, XM app
Fee modelRaw spread + commission (Raw) or Standard; competitiveStandard / ultra-low spread; figures vary

Pros & cons

FP Markets
  • ASIC/CySEC regulation + full platform selection (including IRESS for stocks)
  • Competitive raw spreads
  • Operating since 2005
  • The global entity (St. Vincent) is less strict than ASIC/CySEC
  • Mid-size brand, not a tier-1 giant
  • Leverage is high-risk
XM
  • Very large client base, strong multilingual education & support
  • MT4/MT5 + many instruments
  • CySEC license for the EU entity
  • Many retail clients via the offshore entity (Belize) — weaker protection
  • Standard spread is not the cheapest
  • Leverage is high-risk

Regulation at a glance

FP Markets

Australian (2005) — regulated by ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent for the global entity).

XM

Trading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).