FP Markets and XM Group are among the most popular brokers in the forex industry. Both beginners and experienced traders are known for their standard accounts that offer the best rates.

FP Markets and XM Group are the most popular brokers in the forex industry. Both beginners and experienced traders are known for their standard accounts that offer the best rates. Here is everything you need to know about these accounts:

forex brokers


FP Markets

You may trade a wide variety of financial products, including Forex, Stocks, Cryptos, and CFDs, with FP Markets. This established and registered broker gives you access to over 10,000 different financial assets to trade across numerous worldwide markets.

They are a broker that has won several awards and provides trustworthy and industry-leading trading conditions. These conditions include highly advanced platforms with clear pricing, narrow spreads, quick execution speeds, and extremely low trading expenses.

If you are a day trader who is interested in trading forex, cryptocurrencies, and stocks in a regulated environment with a reliable broker, I would consider them to be one of the finest brokers you could work with. Since I started working with them several years ago, we have never experienced a single problem.

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:
  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.



Both the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission have granted FP Markets permission to operate and regulate the company. You can have peace of mind knowing that you are using a trusted and reputable trading broker who will operate with the utmost integrity and transparency.

If they are required to comply with stringent rules and regulations due to this strict regulation, they must comply with stringent rules and regulations. Because I want to ensure that my money is kept secure at all times, I only ever deal with regulated brokers. The fact that certain functions may be prohibited due to regulation is the only potential drawback that certain traders may experience.



You have access to international markets and can keep track of your investments using any one of some industry-leading trading platforms. You can use either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), IRESS, Web Trader, and mobile applications for iOS and Android smartphones.

Both the ease of use of the MetaTrader platforms and the fact that most brokers make them available are things that appeal to me. However, be aware that if you decide to transfer brokers in the future, the options available to you may be limited by the trading platform you are already familiar with.



Traders of all experience levels can choose from a variety of accounts provided by FP Markets. Every live account is equipped with variable leverage of up to 1:500 and uses the ECN pricing mechanism through New York City's NY4 Equinix Servers.

This is done to provide you with spreads that are as narrow as feasible and trade execution times that are as fast as possible. Because there are no fees for account inactivity, you won't be surprised with any costs of that kind even if your account goes dormant.


XM Group

XM is an online brokerage dubbed one of the best brokers for day trading. This broker also comes with a lot of benefits for its traders. For starters, traders will get immediate access to features including no-requotes, tight spreads, quick execution speeds, affordable fees, and negative balance protection.

They are a top broker that offers an astounding total of sixteen trading platforms, more than one thousand trading instruments spread over six asset classes, and a variety of practical funding alternatives that make the process of quickly and easily establishing an account both quick and straightforward. In my experience, they are one of the most dependable brokers for trading and investing online, particularly if you prioritize security and cost-effectiveness.

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Personal manager
Segregated accounts
Free education
Trading by phone
Wire transfer

Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.



Both the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission have granted XM Group permission to operate and oversee the company. This helps to guarantee that customer assets are kept secure and that the company complies with stringent regulatory criteria set by the most sought-after authorities.

Additionally, the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority are in charge of overseeing and policing them. You could think of a registered broker as a guarantee that they will keep your fund safe. Thus I will always choose to do so if given a choice.



The renowned MetaTrader 4/5 trading platform for desktop computers (PC and MAC) is one of the options that customers of XM Group can choose from among the 16 available variants. Trading on the web may be done immediately in your browser, and you are not required to download or install any other software.

MetaTrader is also available for mobile devices operating on iOS or Android. If you need to access your trading account while you are on the road from anywhere in the globe, even in a different country, mobile trading applications are extremely helpful.

All you need is an internet connection. The most significant distinction between MT4 and MT5 is that the former does not provide trading on stock CFDs, while the latter provides more features and functions than the former.



You can form three distinct live account types, each of which offers flexible trading conditions to cater to the requirements of novice and experienced traders. The needed minimum deposit is only $5, and you can open a no-commission account with marked-up spreads or pay a commission charge of $3.5 to open an account with variable spreads starting at 0 pip increments.

The type of financial instrument traded and the customer's location impact the available leverage. Your investment size and the way you want to trade will most likely influence the sort of account you go with. You should consider getting the zero account if you are a scalper because it offers the lowest spreads, starting at 0 pip increments. If you wish to trade with an amount lower than $200, you must investigate the micro account or regular account choices. For a better comparison, check out the table below.

Compare FP Markets XM
General Rating 4.52/5
Trustpilot 4.8/5

4769 users

351 users
💼 Regulation
❗Information Testimonials (45), News (12), Bonus (2), Webinars (175) Testimonials (91), News (7), Bonus (13), Promotions (8)
⌛ Established 2005 2009
💲 Min Deposit $100 $5
⚖ Max Leverage 1:500 1:888
🔢 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 and Zcash WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru
🏢 Office(s) AustraliaCyprusSouth Africa United KingdomCyprusGermanySpainNew ZealandAustraliaItalyBelizeEuropean areaFrance
🧩 Demo Account
📁 Segregated Account
🕋 Islamic Account
👨‍💻 PAMM Account
📈 Managed Account
💱 Hedging
🇺🇸 US traders
🕛 Swaps
🏆 Trading contests
⚡ Automated trading
💰 Bonus offers
📖 Free education
1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders
Spread BettingSpread Betting
Gold & SilverGold & Silver
Spread Betting Spread Betting
Binary OptionsBinary Options
Physical StockPhysical Stock
🗣 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


Those interested in trading but have no prior experience can sign up for a free demo account that requires no commitment on your part. When I begin working with a new broker, the first thing I do is sign up for a sample account so that I can get a sense of the services they provide.