FP Markets vs XM - Forex Broker Comparison (April 2026)
Head-to-head comparison of FP Markets and XM. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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FP Markets
Australian ECN Forex & CFD Broker
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XM
Global Multi-Asset Broker — Big and Fair
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| Overview | ||
| Trustpilot Rating | 4.8 | 0 |
| Trustpilot Reviews | 10,059 | 0 |
| Headquarters | Australia | Cyprus |
| Founded | 2005 | 2009 |
| Best For | Low Spreads ECN Trading Scalping Algo Trading Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Education Low Deposit Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) | CySEC (Cyprus) ASIC (Australia) DFSA (Dubai) FSCA (South Africa) FSC (Belize) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF | Up to EUR 20,000 under CySEC ICF |
| Trading Costs | ||
| Min Spread | From 0.0 pips (Raw), From 1.0 pips (Standard) | From 0.0 pips (Zero), From 0.8 pips (Ultra Low), From 1.6 pips (Standard/Micro) |
| Commission | $3/lot/side (Raw), None (Standard) | $3.50/lot/side (Zero), None (Standard/Micro/Ultra Low) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | $15 after 90 days inactive, then $5/month |
| Deposit/Withdrawal Fees | No deposit fees. Bank withdrawal A$10 international. E-wallets free | No deposit fees. No withdrawal fees (bank wire under $200 may incur fee) |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global), 1:30 (EU/AU retail) | 1:1000 (Global), 1:30 (EU/AU retail) |
| Min Deposit | $100 | $5 (Standard/Micro/Ultra Low), $5 (Zero) |
| Execution Type | ECN | Market Maker |
| Stop Out Level | 50% | 50% (EU), 20% (Global) |
| Margin Call Level | 100% | 50% (EU), 100% (Global) |
| Instruments | 70+ Forex 10000+ Stocks 12 Indices 3 Commodities 4 Metals 2 Energies 5 Crypto ETFs Bonds | 55+ Forex 1200+ Stocks 30 Indices 10 Commodities 5+ Metals 3 Energies 60+ Crypto |
| Currency Pairs | 70 | 55 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Webinars Video Tutorials Forex 101 Articles Trading Guides Podcast | Webinars (23 languages) Video Tutorials Trading Academy XM Live Sessions Seminars |
| Account & Support | ||
| Account Types | Standard Raw Islamic IRESS Demo | Micro Standard Ultra Low Zero Shares Islamic Demo |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay Crypto Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller UnionPay WebMoney Apple Pay Google Pay |
| Withdrawal Speed | Same day (e-wallets), 1-2 days (cards), 3-5 days (bank wire) | Same day (e-wallets), 2-5 days (cards/bank wire) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
FP Markets
XM