FP Markets vs XM
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
Standard and Raw accounts from $100 with leverage to 1:500 and ECN pricing on both.
Standard and Ultra Low accounts from a $5 deposit, with a separate Shares account.
| Detail | FP Markets | XM |
|---|---|---|
| Regulation | — | XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021) |
| Minimum Deposit | US$100 or equivalent | $5 (Standard, Ultra Low) · $10,000 (Shares) |
| Max Leverage | 1:500 | — |
| Spread From | Standard from 1.0 pips · Raw from 0.0 pips | — |
| Commission | Standard: zero · Raw: US$3 per lot per side | — |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw) | MetaTrader 4, MetaTrader 5, XM App |
| Account Types | Standard, Raw | Standard, Ultra Low, Shares |
What the figures say
- XM publishes its regulation (XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021)); FP Markets does not state one on the pages we read.
- Minimum Deposit: FP Markets lists US$100 or equivalent; XM lists $5 (Standard, Ultra Low) · $10,000 (Shares).
- FP Markets publishes its max leverage (1:500); XM does not state one on the pages we read.
- FP Markets publishes its spread from (Standard from 1.0 pips · Raw from 0.0 pips); XM does not state one on the pages we read.
- FP Markets publishes its commission (Standard: zero · Raw: US$3 per lot per side); XM does not state one on the pages we read.
- Platforms: FP Markets lists MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw); XM lists MetaTrader 4, MetaTrader 5, XM App.
- Account Types: FP Markets lists Standard, Raw; XM lists Standard, Ultra Low, Shares.
- FP Markets also lists Metals, Bonds, Crypto.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
FP Markets: why traders choose it
- Two accounts, both from US$100 and both on ECN pricing
- Raw account: spreads from 0.0 pips plus US$3 per lot each way
- Standard account: spreads from 1.0 pips and no commission
- Leverage up to 1:500 on both accounts, jurisdiction permitting
- TradingView is available on the Raw account, alongside MT4, MT5 and cTrader
- EAs, a mobile app and a VPS are listed for both accounts; minimum trade 0.01 lot
XM: why traders choose it
- Standard and Ultra Low accounts open from $5
- Ultra Low is the account XM points high-volume traders to, for lower spreads and swaps
- A separate Shares account for buying stock, from $10,000
- Bonuses on the Standard account, described by XM as boosting trading power
- Copy trading, trading competitions and a loyalty club run alongside the accounts
FP Markets pros
- The whole offer fits in one table on their site: two accounts, one minimum, clear costs
- US$3 per side is at the low end for a raw account
- Stocks and bonds are on the Raw account, not just forex and metals
FP Markets cons
- 1:500 depends on your jurisdiction; the ASIC and CySEC entities are capped far lower
- The Standard account does not include stocks or bonds
- The page we read did not name the regulator for the entity serving Bangladesh; check the legal footer for your region
XM pros
- One of the lowest entry points anywhere at $5
- The Ultra Low account gives a cheaper option without a commission model to learn
- MetaTrader 4 and 5 plus their own app, so nothing unfamiliar
XM cons
- The global site is the Belize entity; XM's European and Australian entities have different leverage caps and protections
- Spreads and leverage figures were not on the accounts page we read; they are in the account details after sign-up
- Bonuses come with their own terms, which are worth reading before taking one
About FP Markets
FP Markets keeps it to two accounts. Standard is commission-free from 1.0 pips; Raw prices from 0.0 pips with US$3 per lot per side. Both open from US$100, both run ECN pricing, and both offer leverage up to 1:500 where the local entity allows it.
About XM
XM offers three accounts on its global site: Standard and Ultra Low, both from a $5 minimum, and a Shares account from $10,000. The global entity, XM Global Limited, is licensed by the Financial Services Commission of Belize.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.