XM Group vs FP Markets: Full Comparison for Serbia Traders (2026)
Which broker is better for Serbia traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Serbia Traders
For Serbia traders looking to trade forex, CFDs, and commodities, XM Group and FP Markets are two of the most trusted brokers globally, each scoring 4.7/5. Both brokers accept Serbian clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. XM Group is known for its user-friendly platforms, extensive educational materials, and low minimum deposit of $5, making it a strong choice for beginners. FP Markets, on the other hand, is favored by active traders for its deep liquidity, raw spreads from 0.0 pips, and MetaTrader 4/5 compatibility. Serbia traders benefit from both brokers’ strong regulatory oversight, including licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), which align with the standards of the local financial regulator. This comparison helps you decide which broker fits your trading style and local needs.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | XM Group | FP Markets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FP Markets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FP Markets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FP Markets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FP Markets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $5 | $100 | FP Markets |
For Serbia traders, trading costs can significantly impact profitability. XM Group offers competitive spreads starting from 1.0 pips on its Standard account and fixed spreads from 1.0 pips on its Micro account, suitable for smaller lot sizes. FP Markets provides lower variable spreads, with its Raw ECN account offering spreads from 0.0 pips plus a commission of $3 per lot per side. For high-volume traders, FP Markets is more cost-effective, while XM Group is better for those preferring fixed costs. Both brokers charge no hidden fees for deposits via Bank Transfer, Skrill, Neteller, or USDT TRC20.
Account Types Comparison
| Account Type | XM Group | FP Markets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $100 |
Leverage Comparison - Serbia Traders
| Entity / Asset | XM Group | FP Markets |
|---|---|---|
| Serbia (offshore) | Up to 1:1000 | Up to 1:500 |
| Forex major pairs | 1:1000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | XM Group | FP Markets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | XM Group |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | XM Group |
| Crypto CFDs | 30+ | 20+ | XM Group |
| Stocks / Share CFDs | ✗ | 1,700+ | FP Markets |
| ETFs | ✗ | ✓ | Tie |
Platforms Comparison
| Platform | XM Group | FP Markets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✓ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers support MetaTrader 4 and MetaTrader 5, which are the most popular platforms among Serbia traders for their advanced charting tools and automated trading capabilities. XM Group also offers its proprietary XM WebTrader and mobile app, providing a seamless experience for beginners. FP Markets additionally provides IRESS for professional traders. Serbia traders can access these platforms on desktop, web, and mobile, ensuring flexibility for trading from anywhere.
Execution Quality - Speed & Slippage
| Factor | XM Group | FP Markets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FP Markets |
| Avg execution speed | ~30ms | ~40ms | XM Group |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
XM Group provides instant execution with no requotes on most accounts, ensuring fast trade placement. FP Markets offers ECN execution with direct market access, resulting in faster order fills and lower slippage, especially during volatile market conditions. For Serbia traders who scalp or trade news, FP Markets’ execution is superior, while XM Group’s execution is reliable for standard trading strategies.
Regulation & Safety for Serbia Traders
| Safety Factor | XM Group | FP Markets |
|---|---|---|
| Primary regulator | ASIC | ASIC |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
XM Group is regulated by CySEC (license 120/10) and the International Financial Services Commission (IFSC), while FP Markets is regulated by ASIC and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. For Serbia traders, this means both brokers adhere to strict European and Australian standards, offering client fund segregation and negative balance protection. The local financial regulator in Serbia does not directly oversee forex brokers, but these international licenses provide a high level of security.
Deposits & Withdrawals for Serbia
| Payment Method | XM Group | FP Markets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days | 24 hours |
Serbia traders can fund their accounts at XM Group and FP Markets using Bank Transfer, Skrill, Neteller, and USDT TRC20. XM Group has a minimum deposit of $5 and processes withdrawals within 24 hours, while FP Markets requires a $100 minimum deposit and offers same-day withdrawals for e-wallets. Both brokers do not charge deposit fees, but bank transfers may incur intermediary charges. USDT TRC20 deposits are processed instantly and are ideal for crypto-savvy traders. Withdrawals are typically processed within 1-2 business days, with e-wallets being the fastest option.
Islamic Accounts - Swap-Free for Serbia Muslims
| Islamic Account Feature | XM Group | FP Markets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both XM Group and FP Markets offer Islamic (swap-free) accounts for Serbia traders who follow Sharia law. These accounts have no overnight swap fees on positions held for more than one day. XM Group provides Islamic accounts on all account types, while FP Markets offers them on Standard and Raw accounts. Activation requires a request to customer support, and some brokers may require proof of Muslim faith. This makes both brokers suitable for Serbia’s Muslim community.
Customer Support Comparison
| Support Feature | XM Group | FP Markets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | XM Group |
XM Group offers 24/5 multilingual customer support via live chat, email, and phone, with Serbian language support available. FP Markets provides 24/7 support via live chat, email, and phone, but Serbian language support is limited. Both brokers have extensive FAQ sections and educational resources. For Serbia traders, XM Group’s Serbian support is a notable advantage.
Mobile App Comparison
| Mobile Feature | XM Group | FP Markets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | XM Group |
| Google Play rating | 4.3 stars | 4.2 stars | XM Group |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | FP Markets |
Education & Research Tools
| Resource | XM Group | FP Markets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | XM Group |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | XM Group |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
XM Group
FP Markets
Who Should Use Which Broker? - Serbia Guide
Choose XM Group if you...
- Are a beginner trader seeking low minimum deposits ($5) and educational resources.
- Prefer fixed spreads to avoid volatility surprises.
- Need Serbian language customer support.
- Trade smaller volumes and want a user-friendly platform.
Choose FP Markets if you...
- Are an active or scalping trader needing raw spreads from 0.0 pips.
- Prefer ECN execution for fast order fills.
- Trade larger volumes and want lower commission costs.
- Need access to IRESS for advanced analysis.
FAQ - XM Group vs FP Markets in Serbia
Final Verdict - Serbia 2026
For Serbia traders, both XM Group and FP Markets are excellent choices, but the decision hinges on your trading style. XM Group is ideal for beginners due to its low minimum deposit, fixed spreads, and Serbian language support. FP Markets suits active traders with its raw spreads and ECN execution. Both support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, and are regulated by respected authorities that align with the local financial regulator’s standards. Ultimately, test both brokers with a demo account to see which fits your strategy best.