XM Group vs FP Markets for Belarus Traders (2026)

When comparing trading costs for Belarus traders, FP Markets has a clear edge with its Raw ECN account offering spreads from 0.0 pips and a commission of $3 per lot. XM Group’s Zero account starts from 0 pips but charges $5 per lot commission. On a standard account, XM Group’s spreads average around 1.0 pips on EUR/USD, while FP Markets’ Standard account averages 1.1 pips. For high-volume Belarus traders, the difference in commission and spread can significantly impact profitability, favoring FP Markets for scalping and day trading.

Both brokers offer MetaTrader 4 and MetaTrader 5, which are popular among Belarus traders for their advanced charting and automated trading capabilities. XM Group also provides its proprietary XM WebTrader and mobile apps, while FP Markets offers cTrader for Raw ECN accounts—a platform known for its superior order execution and depth of market. For Belarus traders who value speed and transparency, cTrader on FP Markets is a strong advantage, whereas XM Group’s platform suite is more beginner-friendly.

FP Markets is known for its ultra-fast execution speeds, averaging under 40 milliseconds on Raw ECN accounts, making it ideal for scalpers and algorithmic traders. XM Group’s execution is also reliable, with no requotes on most trades, but its average speed is slightly higher at around 50-60 milliseconds. For Belarus traders who prioritize speed, FP Markets has a slight advantage.

XM Group is regulated by the FSC (Belize), CySEC (Cyprus), and ASIC (Australia), while FP Markets is regulated by ASIC (Australia) and the FSC (Mauritius). For Belarus traders, neither broker is directly supervised by the local financial regulator, but both adhere to international standards. ASIC regulation (FP Markets) provides a higher level of client fund protection, while XM Group’s CySEC license ensures compliance with EU-level rules. Belarus traders should verify the specific entity they open an account with to understand the regulatory protections.

Belarus traders have several convenient options for deposits and withdrawals at both XM Group and FP Markets. Bank Transfer, Skrill, Neteller, and USDT TRC20 are supported, with USDT TRC20 being particularly useful for those seeking fast, low-cost transactions. XM Group processes withdrawals within 24 hours, while FP Markets typically takes 1-2 business days. Minimum deposits are low: $5 for XM Group and $100 for FP Markets (Standard account). Both brokers do not charge internal fees for deposits, but Belarus traders should check their bank or payment provider for any conversion fees. Skrill and Neteller deposits are instant, making them ideal for quick funding.

Both XM Group and FP Markets offer Islamic (swap-free) accounts for Belarus Muslim traders who wish to trade without earning or paying interest. XM Group provides Islamic accounts on all account types (including Micro, Standard, and Zero) with no additional fees. FP Markets offers Islamic accounts on Standard and Raw ECN accounts upon request, with a review period to ensure compliance. For Belarus traders, both brokers are accommodating, but XM Group’s policy is more straightforward and accessible.

XM Group offers 24/5 customer support in multiple languages, including Russian, which is beneficial for Belarus traders. FP Markets provides 24/7 support via live chat, email, and phone, also with Russian language options. XM Group’s support is slightly faster in response times, while FP Markets offers round-the-clock availability. Both brokers have comprehensive FAQ sections on their websites.