Written by ForexBrokers.com
In this head to head comparison of XTB vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XTB and FP Markets are online brokers that offer reliable options for traders worldwide, but they differ in certain aspects of trustworthiness and regulatory credentials. XTB, founded in 2002, is a publicly traded company and holds a high Trust Score of 96 out of 99, making it highly trusted according to ForexBrokers.com. It is equipped with two Tier-1 licenses, signaling strong regulatory oversight, and two additional Tier-2 licenses. In contrast, FP Markets, established in 2005, is not publicly traded but still upholds a commendable Trust Score of 89. Like XTB, FP Markets also maintains two Tier-1 licenses but has only one Tier-2 license, reflecting slightly less regulatory coverage.
Neither XTB nor FP Markets functions as a bank, focusing purely on providing brokerage services. XTB's status as a public company may offer an added layer of transparency and trust for investors, considering its adherence to financial regulations and public reporting standards. Meanwhile, FP Markets stands as a trusted broker with solid regulatory backing, though it does not offer the same level of public accountability as a non-public entity. Traders prioritizing high transparency and regulatory assurance might lean towards XTB, while those content with strong but slightly less extensive regulatory oversight might consider FP Markets a suitable choice.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Year Founded | 2002 | 2005 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees between XTB and FP Markets, there are notable differences in pricing models and overall costs. XTB offers two main account types: the spread-only Standard account and the Professional account, though the latter is primarily available to designated professionals in certain regions. While XTB's pricing is generally aligned with the industry average, it doesn't quite match the top-tier brokers in terms of cost-effectiveness. For forex trades, the average spread on EUR/USD sits at 1 pip for the Standard account. Retail traders are likely to find the Standard account more suitable, especially considering its lower costs for smaller trades. XTB also provides active trader discounts through its Lower Spread Group, offering rebates from 5% to 30% for meeting specific trade volumes. XTB earns a 4.5-star rating and ranks #11 out of 62 brokers for commissions and fees.
Conversely, FP Markets shines in its competitiveness, earning a 5-star rating for commissions and fees and holding a #6 ranking in the same category by ForexBrokers.com. The broker's Raw ECN account stands out with its low average spread of 0.1 pips (0.8 pips including commission) for EUR/USD trades, offering one of the most cost-efficient trading experiences for high-volume traders. FP Markets also features a more expensive Standard account, with a spread of 1.1 pips as of October 2023. The Iress platform suite, available mainly in Australia, has accounts tailored to traders with varying needs and balances. It offers three account types: Standard, Platinum, and Premier, each with different deposit requirements and services, though higher-level accounts avoid platform fees and offer more features.
Choosing between XTB and FP Markets largely depends on the trader's activity level and geographical location. XTB's Standard account stands as a practical choice for retail traders, while FP Markets delivers lower costs for active and professional traders through its Raw ECN offering. High-balance traders using the Iress ViewPoint accounts at FP Markets can enjoy a more advanced trading setup, though with higher account balance requirements. Overall, both brokers have their strengths, but FP Markets edges out in competitive pricing and features for high-volume trades.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average Spread EUR/USD - Standard | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 1.00 | 0.7 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing XTB and FP Markets for their range of investment offerings, both brokers provide opportunities for forex trading via CFDs or spot contracts. They each offer a strong lineup of 71 tradable forex pairs, making them competitive in the currency trading market. However, FP Markets slightly edges out XTB in terms of total tradeable symbols, offering access to 10,000 compared to XTB's 7,184. Despite the broader symbol offering, FP Markets falls short when it comes to exchange-traded securities on U.S. and international exchanges, which are available with XTB. This gives XTB a distinct advantage for those interested in direct stock investments like Apple shares on NASDAQ or Vodafone shares on the London Stock Exchange.
In terms of cryptocurrency offerings, both XTB and FP Markets provide access to cryptocurrency derivatives, yet neither facilitates the purchase of actual cryptocurrencies. An additional differentiator is the availability of copy trading, a feature offered by FP Markets but not by XTB, appealing to investors interested in mimicking experienced traders. When evaluating these brokers, XTB earns a five-star rating and a 14th-place ranking in the Range of Investments category according to ForexBrokers.com, while FP Markets holds a 4.5-star rating and ranks 18th. This reflects XTB's slightly superior standing in terms of investment variety, particularly in direct stock trading.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 10000 |
| Forex Pairs (Total) | 71 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of XTB and FP Markets, both brokers provide a variety of features to support traders. XTB delivers its own proprietary platform along with a Windows-based desktop option and a browser platform for convenience. Similarly, FP Markets offers a proprietary platform, as well as Windows and web-based trading. For those looking to practice with virtual money, both brokers provide free demo accounts. However, XTB does not support MetaTrader 4 or MetaTrader 5, while FP Markets includes both, along with copy trading, which XTB lacks.
In terms of charting tools and customization, XTB stands out with 32 drawing tools compared to FP Markets' 17. Both brokers allow trading directly from stock charts, but XTB offers more watch list customization with 8 fields versus FP Markets' 7. Despite these differences, XTB's trading platforms are rated slightly higher at 4.5 stars compared to FP Markets’ 4-star rating, reflecting its higher ranking at #9 among 62 brokers evaluated by ForexBrokers.com, while FP Markets ranks #23. This comprehensive toolset makes XTB a competitive choice for those prioritizing platform features and customization.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XTB and FP Markets, both brokers offer apps for iPhone and Android devices, ensuring users can trade on-the-go regardless of their device preference. Both apps provide stock and forex price alerts and the ability to create watchlists with real-time quotes. However, neither offers syncing for watchlist symbols between the mobile app and online account. When it comes to charting, XTB offers 39 technical studies, while FP Markets provides MetaTrader charting by default. Both apps allow for drawing trendlines and viewing multiple time frames on charts, with the convenience of auto-saving drawings.
For overall user satisfaction, XTB's mobile app is rated higher at 4.5 stars compared to FP Markets' 4 stars. This is reflected in their rankings by ForexBrokers.com, where XTB stands at 8th out of 62 brokers, while FP Markets is ranked 18th. Traders looking for a feature-rich and highly-rated mobile platform might prefer XTB, although both apps come with robust functionalities and are capable of meeting the needs of active traders.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering online brokers for their market research offerings, both XTB and FP Markets provide a range of informative tools and resources. They each offer daily market commentary and provide forex news from reputable sources like Bloomberg and Reuters. Both platforms have sentiment-based trading tools and economic calendars that cover significant global events. However, FP Markets stands out for offering additional technical analysis tools through Autochartist and Trading Central, which are not available with XTB. Despite these differences, both brokers do not provide market research from TipRanks or Acuity Trading.
While both XTB and FP Markets serve traders with valuable insights, XTB is rated higher, securing a full 5-star rating in the Research category compared to FP Markets' 4-star rating. This elevated rating reflects XTB's overall standing in the market, ranking as the 7th best for research out of 62 brokers assessed by ForexBrokers.com, whereas FP Markets is ranked 25th. For traders seeking a well-rounded research experience, XTB seems to have a slight edge in overall market ranking.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both XTB and FP Markets stand out by providing ample learning materials focused on forex and CFDs, with each offering a minimum of ten educational pieces, such as articles and videos. Both brokers host regular online webinars for their clients, along with maintaining a searchable archive of recorded sessions, ensuring that users can learn and grow at their own pace. For beginners looking to delve into trading, both brokers supply at least ten beginner-targeted educational videos, supplemented with advanced videos for more experienced traders. However, FP Markets goes a step further by offering an investor dictionary with definitions of over 50 investing terms, which XTB does not provide.
Despite this added feature, XTB takes the lead with a stellar five-star rating for education, according to rankings provided by ForexBrokers.com, placing it at an impressive 11th out of 62 brokers. FP Markets, while rated a commendable four stars, ranks 23rd, suggesting that while both brokers are excellent resources for learners, XTB might provide a slightly more comprehensive educational experience overall. Whether you're just starting your trading journey or looking to deepen your understanding, both XTB and FP Markets are equipped to guide you through the learning process with their wealth of educational resources.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than FP Markets. XTB finished with an overall rank of #7, while FP Markets finished with an overall rank of #19.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
|
FP Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 96 | 89 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both XTB and FP Markets do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
Both XTB and FP Markets do not support ACH or SEPA transfers, but offer multiple other convenient options for depositing and withdrawing funds, including PayPal, Skrill, Visa or Mastercard, and bank wires.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
2 of 5| Overall Rating | XTB | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 89 | |
| Winner | check_circle | ||
| Review | XTB Review | FP Markets Review |
| Broker Screenshots | XTB | FP Markets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | XTB | FP Markets | |
|---|---|---|---|
| Trust Score | 96 | 89 | |
| Year Founded | 2002 | 2005 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XTB | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 10000 | |
| Forex Pairs (Total) | 71 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | XTB | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.7 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | FP Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XTB | FP Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | XTB Review | FP Markets Review |
| Overall | XTB | FP Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 89 | |
| Winner | check_circle | ||
| Review | XTB Review | FP Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill