Compare FP Markets Vs XM: Which is the Better Forex Broker in 2024?
FP Markets Vs XM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FP Markets Vs XM, here is the direct comparison:
Feature | FP Markets | XM |
General Rating |
3.20/5 |
3.38/5 |
|
Score | 78 | 80 | |
Trustpilot |
4.8/5 6207 users |
2.6/5 591 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 2005 | 2009 | |
💲 Min Deposit | $100 | $5 | |
⚖ Max Leverage | 1:500 | 1:1000 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $3 | $3.50 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer, Zcash and Perfect Money | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese |
🚪 Trade Now | Open FP Markets | Open XM |
Testimonials
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FP Markets: It's concerning me
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FP Markets: Impressive cost
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FP Markets: Very pleased!
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FP Markets: Total gem!
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FP Markets: Problem with withdrawal
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See More FP Markets Testimonials
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See More XM Testimonials
News
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FP Markets Awarded Best for Fees & Algorithmic Trading
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Compete and Win USD2,500 in the XM Weekly Demo Contest
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Unleash Your Earning Potential: Refer a Friend to FP Markets and Earn Up to $200!
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
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XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
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Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
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Level Up Your Trades: FP Markets Forex Broker Partners with TradingView
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Forex Broker FP Markets Expands to Africa with Kenya License
Articles
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Exploring XM Exclusive Technical Indicators
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Explore XM MT5 Performance in Various Devices
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Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Get to Know MT4 Platform with XM Video Tutorials
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How to Verify Your Trading Account on FP Markets
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Win Withdrawable Cash in XM Trading Competition
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Boost Your Trading Execution with XM VPS
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The Complete Guide to XM Turbo Stocks
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XM Refer a Friend: Earn up to $150 Cash
Bonus
Webinars
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FP Markets: �Aprenda Scalping desde Cero!
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FP Markets: Gu�a Definitiva para Operar con Materias Primas: Conceptos B�sicos y Estrategias
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FP Markets: Revisione periodica
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FP Markets: El potencial del par EURUSD: Estrategias y Caracter�sticas Claves para Operar
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FP Markets: ???? ???????? ?????? ??????????? ??? ???? ???????
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FP Markets: Ottimizzazione operativa
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FP Markets: Descubra los Secretos del Trading Institucional
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FP Markets: �ndices al Descubierto: Operativa, Tendencias y Estrategias
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FP Markets: Estrapolazione dati
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FP Markets: Gu�a Esencial para Operar con Petr�leo y Oro: Estrategias y T�cnicas
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See More FP Markets Webinars
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FP Markets provides their pricing with Variable spread while XM offers Variable spread.
FP Markets vs XM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FP Markets enables trading with MetaTrader 4, MetaTrader 5, TradingView, cTrader, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, XM provides trading with MetaTrader 4, MetaTrader 5, Social Trading, Web with the support of One-click trading, Trailing stop, Pending orders.
Is FP Markets or XM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FP Markets supports trading with Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver, Bonds, while XM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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