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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:
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.
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.
Regulations
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.
Platforms
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.
Accounts
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.
See Also:
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.
XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.
Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.
XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.
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 EN Live Edu that is instructed by 16 global experts.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & 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.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. 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.
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 services in more than 30 different languages across 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.
Regulations
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.
Platforms
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.
Accounts
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 |
3.20/5 |
3.39/5 |
| Score | ||
| Trustpilot |
4.8/5 6139 users |
2.7/5 559 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) |
    |
        |
| 🧩 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 |
 Forex |
||
 CFD
|
||
 Indexes |
||
 Spread Betting |
||
 Gold & Silver |
||
 Crypto |
||
 Stocks
|
||
 Oil
|
||
 Metals |
||
 Energies |
||
 Futures |
||
 ETF
|
||
 Options |
||
 Agriculture |
||
 Silver |
||
 Index |
||
 Indices |
||
 Commodities |
||
|
Etf |
||
 Bonds |
||
 Stock |
||
 Binary Options |
||
 ETFs |
||
 Corporate Stocks |
||
 Shares |
||
 Stocks 1:5 |
||
 Physical 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.
22 Comments
Maya
Feb 3 2023
First, I'm not discrediting XM, I'm just curious how XM ranks. I mean that's a very average rating because it only got 3.42 out of 5 stars at general rating and 2.1 out of 5 stars in TrustPilot! Dude, I mean if you see the XM regulator, it has 9 regulators while FP Market has only 2. So what is the point of view of a broker in many regulatory bodies if he gets negative reviews from his clients.
I mean regulation in a country, you have to pay for it, do some testing and build an office there in order to regulated, right? In my opinion, XM has a lot of regulations for what if they don't increase their services?
Bryce
Feb 3 2023
Maya: I think XM's goal is to have more regulations for many countries not to show that they are more compliant with regulations and "regulated" than other brokers. But with this regulation, it means that they can operate in certain countries and receive clients from the country they enter.
This means you can say more users of XM than FP Market because XM can attract traders from Germany, France, Spain, Italy, UK, Australia, Greece, from New Zealand and many countries. And again, all traders in the country I mentioned can legally trade with XM and treat XM as a local broker and not a foreign broker. This means that if they need to make a complaint in person, they can go to the office or get government assistance. So, merchants there also have customer protection from governments.
The first is to reach more traders and the second is to show how well they regulated.
Rioyanto
Feb 5 2023
Bryce:For me, I think the regulation that brokers really need is a top regulator. So for me, it doesn't matter if you only have one settlement, as long as you can have one, the brokers will be verified as trustworthy brokers. For example, if you are regulated from London (FCA) or if you are regulated from another country, where do you trust?
FCA from London, one of the strictest regulators, or from another country like Rep. Dominica for example? So, it doesn't matter how much regulated brokers are as long as they are regulated by ASIC, FCA or even US regulator and in this case FP and XM are very reliable because they have the license of this country.
Yoshua A
Feb 3 2023
You know, if you are a beginner trader that little knowledgeable about the Forex world would be interested in the minimum deposit offered by XM. I mean for only 5 dollars even unemployed people like me can afford 5 dollars to trade or even teenagers can afford. But as I know, in Forex, it still takes a lot of money to trade, right?
What I want to ask:
Is $5 on XM standard account enough to trade? I mean if the trading conditions are also supported by high leverage of 1:888. As I know if you deposit $100 you can still trade but I'm not sure about $5. And anyway I'm curious, the lever itself, where I can get 1:888 leverage?
Lenan
Feb 3 2023
Yoshua A: Man, there are 2 things that become an indicator for you to know if your money is enough to trade or not.
By finding the margin call and stop levels set by the broker and calculate your own margin.
To calculate your margin, it's simple with the following formula:
((Equity-margin)/margin x 100%))
Equity is your deposit and margin is the amount used in trading. Margin can be found simply using the formula (Price x Lot Size / Leverage) or you can simply visit the Forex Margin Calculator on this website
All details about margin call and how to calculate it, you just need to go to this article: Forex Margin Call and Stop Out.
Okay, back to the topics :
For example, trading with $5, leverage 1:888 and trade in most common traded currency pairs, EUR/USD with standard account and with 0.01 lot. The margin you will get $1.32.
And margin level that currently yours is 278%.
And meanwhile The margin call notification level for the XM forex broker or XM margin level is 50%. XM margin call level means that if account equity drops below 50 percent, the trader will get a notification that the margin call level is shallow and that there are possibilities shortly that positions be liquidated (forcibly closed). XM stop out level is 20%.
It is enough to do 1-2 entry in there since the margin call level if you trade 2 times is only at 178% and remember to trade with 0.01 lot!
Fernandes
Feb 5 2023
I think for the beginners it is better to use this $5 deposit to practice. I don't see any chance of profiting from it. I mean you also need to calculate the spread that occurs in the trade.
Yes, you can trade with 5 dollars but with a note, only 1 out of 2 trades, right? I think both of these exchanges must be profitable. If you lose once your margin will be limited to 1 and if you don't manage your risk your loss can be bigger and with just one trade you will be required deposit.
Ok Imagine if we are trading with 0.01 with leverage of 1:888, the required margin is $1.32. The pip value if you trade with 0.01 lots is $0.10 (Standard = $10, Mini = $1 and Micro = $0.10).
Remaining equity is $3.68 and also margin free is also $3.68. For example, if you lose 25 pips, the loss you get is 25 pips x 0.1 USD = 2.5 USD, the free margin you have left is 1.18 USD. And based on the calculation, your margin on a trade that lost 30 pips is 89%, which is the margin call. So the maximum number of pips you can lose if you trade for 2 trades is 12 pips. You have to be very careful with trading, especially day trading and this is very limited trading.
Kenz
Feb 5 2023
Fernandes: So you said in the comment above about the pip value, right? On what basis can you say that the standard lot has $10 and the micro lot has $0.10? How to determine pip value.
And if based on how much value your pip has, I can get $0.1 for every 1 pip move. And if I have a risk/reward ratio, the best ratio uses 1 : 2. I mean the trade with 0.01 lot will get very little profit, but I think it is worth it for a new trader who wants to risk money to learn Forex and may find it more challenging
Fernandes
Feb 5 2023
Kenz: To count pip's value is very simple.
Just use this formula :
Pip value = size tick x size contract
Usual, you can find the size tick at the broker's website. And normally for the size ticks for Direct Pair is 0.0001. The size contracts are standard lot which has 100.000 unit; the mini has 10.000 lot; the micro has 1000 lot.
If you trade 1 lot for example, the pips value you will get 0.001 x 100.000 = $10
If you trade 0.1 lot for example, the pips value you will get 0.001 x 10.000 = $1
If you trade 0.01 lot for example, the pips value you will get 0.001 x 1.000 = $0.1
Lonard
Feb 3 2023
Thanks to the author, your last words are very encouraging and definitely made me to open to both FP Market and XM Market demo account! You have the point to use a demo account. If I, as a person interested in trading, want to know the trading conditions and the tools offered by both brokers, I have to test them out by creating a demo account.
I think the information in the articles on this site is enough for me. But I feel like I've lost something essential, which is practice. So, in order to apply all the knowledge and experience of the broker's services, make sure you have a demo account first. !
Montiel
Feb 5 2023
Lonard: Yes, I also agree with the author about the demo account. Yes, you need a demo account to test some brokers. However, for some reason traders will not find it difficult with a demo account as some demo accounts do not spread and with higher virtual funds this does not describe real trading at all. .
So if I were you, after using enough demo accounts never be afraid to try the real one, this is where your mindset and physicality will affect your trading and can give you the best trading experience. I think it's the live market that can make you feel like the real Forex market is not a demo account
Hamin Islam
Apr 18 2023
What are the key differences between FP Markets and XM Standard Account, and how do these differences impact traders' ability to trade effectively in the Forex market? Specifically, what are the differences between the two brokers in terms of account types, spreads, commissions, trading platforms, and customer support, and how do these differences impact traders' ability to manage risk, execute trades, and maximize profits? Additionally, what are some best practices for evaluating these factors when choosing a Forex broker, and how can traders leverage this knowledge to create a comprehensive trading plan that aligns with their individual goals and risk tolerance?
Foden
Jul 2 2023
@Hamin Islam: Based on the article above, I can tell you about the difference between those account.
When comparing FP Markets and XM Standard Account, there are some important differences to consider.
To choose a broker, consider your trading goals and risk tolerance. Look for good trading conditions, reliable regulation, competitive spreads, user-friendly platforms, and responsive support that suit to your preference. Dont forget to try demo trading or start with a small deposit to test a broker before committing more money.
By making an informed decision, you can create a trading plan that suits your needs and increases your chances of success.
Shohage Bin Adel
Apr 18 2023
As a beginner trader, which broker is better suited for my needs: FP Markets or XM Standard Account? Specifically, what are the advantages and disadvantages of each broker for novice traders, and how do these brokers compare in terms of educational resources, demo accounts, customer support, and other key factors that are important for new traders? Additionally, what are some best practices for beginners who are just starting out in Forex trading, and how can these traders use the resources provided by FP Markets or XM Standard Account to develop a sound trading strategy and achieve long-term success in the market?
Realigh
Oct 28 2023
@Shohage Bin Adel: I believe it's tough to definitively answer your question about the best choice for beginner traders because it really depends on your trading style. Finding the right broker is a bit like finding a compatible partner; it's a matter of personal fit. If you're just kicking off your trading journey, both FP Markets and XM's Standard Account can be suitable options. FP Markets has various account types, but their Standard one is pretty straightforward. They're regulated, offer user-friendly platforms like MetaTrader, and provide educational resources. On the other hand, XM's Standard Account is beginner-friendly, with low minimum deposits and access to a wide range of trading tools. They're also well-regulated and use the same easy MetaTrader platforms. XM offers educational materials too. The choice ultimately comes down to what feels right for you – they're both solid choices for new traders. But remember, take your time to learn the ropes and make good use of demo accounts before diving into live trading. Wishing you happy and successful trading!
Sammy
Jul 1 2023
Hey there! I believe, as a beginner trader, FP Markets can be a great choice to meet your needs. They offer several advantages that cater to novice traders like you.
FP Markets provides a comprehensive range of educational resources, including tutorials, webinars, and educational articles. These resources can help you build a solid foundation in trading and improve your skills over time. Additionally, they offer a demo account that allows you to practice trading strategies and get hands-on experience in a risk-free environment.
Customer support is another strong point of FP Markets. They have a dedicated team available to assist you with any questions or concerns you may have. This level of support can be valuable as you navigate the early stages of your trading journey.
When it comes to trading conditions, FP Markets offers competitive spreads and a variety of account types, including a Standard Account suitable for beginners. This allows you to start trading with confidence, knowing that you are getting fair and competitive pricing.
Enji
Jul 4 2023
Hey there! I've got a burning question for you. So, I noticed that some brokers mark up their spreads instead of offering them at the exact market rate. Like in the case of these three live account types you mentioned, where they have flexible trading conditions. I'm curious, why do they do that? Is there a specific reason behind marking up spreads on a no-commission account? And what about the option to pay a commission charge for variable spreads starting at 0 pip increments? Is there some kind of trade-off between the spreads and the commission? I'm just trying to wrap my head around how these pricing structures work and how they can impact our overall trading costs. Any insights on this?
Hasim
Oct 26 2023
@Enji: Let me help you to answer the questions! So, marking up spreads and offering commission-based pricing, these are like the two main flavors in the forex world.
Marking Up Spreads on No-Commission Accounts: When brokers mark up spreads, they're basically tucking their profit into those spreads. It might look a bit fuzzy because it's not so transparent, but the advantage is you can see your costs right there. Simple, right? The flip side is, spreads can get wider, and that can ding your trading costs, especially if you're into frequent, quick trades.
Variable Spreads with Commissions: Now, if you're into transparency, you might dig variable spreads with a separate commission. You're basically getting the raw, real-deal spread from the market. It's like looking under the hood. You pay a separate commission for each trade, and it's great if you've got a good grip on your trading volume. For big traders, this can be cost-effective because the commission can often be lower than those marked-up spreads. But if you're just doing smaller trades, the commission can make things a bit pricier.
So, here's the deal - which one you choose depends on how you roll as a trader. If you like things straightforward and don't want to think too much about costs, marked-up spreads might be your jam. But if you're all about seeing what's really happening in the market and know your trade volumes, variable spreads and commissions could be your go-to. It's all about what suits your style and your pocket. And hey, read those terms and conditions to really know what you're getting into
Namimoto
Sep 17 2023
Now, the question on my mind is, do the regulations in the FP market guarantee the security of your funds and the security of your account? Because the registration process requires important documents, I have to make sure the security is really good. If anyone knows, can you help answer, guys?
Nichkhun
Sep 19 2023
Hello bro, very good question and interesting to talk about. Of course, every trader wants a safe and comfortable broker. And yup, we have to be careful in choosing a trading platform because, in this era of developing technology, there are lots of brokers offering fraudulent investments. That's why as a trader you have to be good at choosing a platform.For customer satisfaction and educational materials, the FP market has been recognized by Investment Trends, a respected international financial services research firm. FP Market is also the recipient of the Highest Overall Quality of Service Award by the Australia CFD Report for five consecutive years (2012-2016), and also the Best Educational Materials/Programs Award for three consecutive years (2014-2016). FP Markets also won the Value for Money Award for 4 consecutive years (2013-2016).Yes, even though all of these awards were last won in 2016, from that you can find out about FP Market's achievements and how this broker's efforts support customer satisfaction, support services, and value for money.I think the registration process that has to go through account verification is a natural thing. How did it happen? Yes, the point is for security in your funds.
Akash Joi
Sep 22 2023
Greetings bro, I'm a newbie here, don't know about a strategy to get profit in trading but after reading the comparison, I think the FP Market is pretty good because I'm interested in copy trading. I don't know exactly what copy trading is, but from the name, it looks like I can copy other trades and make a profit without having to learn to trade.
It seems very interesting but profitable because as you know, I have studied for some time in Trading but still can't get it to work well and I'm thinking of starting live trading first but I don't know how. So, what is copy trading?
Manoban
Sep 23 2023
Copy trading is a type of social trading that allows traders to automatically copy the trades of more experienced and successful traders. Essentially, you can a successful trader to follow and then mirror their trades in your own trading account. This can be a great option for beginners who want to learn from experienced traders and potentially profit from their expertise without having to spend time learning complex trading strategies and techniques.
With copy trading, you can browse through a list of experienced traders and view their performance statistics, such as their win rate, average return, and drawdown. Once you have identified a trader you want to follow, you can set up an automatic system that will replicate their trades in your own trading account. This can be done through a variety of platforms and brokers, including FP Markets. It's important to note that while copy trading can be a powerful tool for beginners, it's not a guaranteed path to profits.
It's still important to exercise caution and to do your own research and analysis before making any trades, even if you're copying the trades of a more experienced trader. Additionally, it's important to carefully evaluate the traders you choose to follow and to be mindful of the risks involved in copying trades. With that said, copy trading can be a great way to learn from others and potentially profit from their expertise in the markets.
Macieja
Sep 24 2023
Copy trading is a feature offered by some brokers where you can automatically copy the trades of other successful traders. Essentially, you a trader to copy and their trades will be replicated in your account. This can be a good option for beginners who are still learning the ropes and want to benefit from the knowledge and experience of more experienced traders. However, it's important to do your own research and choose a trader to copy carefully, as not all traders are equally successful or suitable for your own trading goals and risk tolerance. It's also important to note that there are fees associated with copy trading, such as commission or markups on spreads. If you are beginner at trading, you can read this article as preference: Your Definitive Guide to FP Markets Copy Trading