TOP 10 Best Market Makers 2023 | Forex Brokers
MARKET MAKER - one of the oldest form of Forex brokerage.
Market Makers ideal for:
Carefully selected:
looking back at 10+ years of experience,
regulation,
reputation,
popularity,
transparency
and most suitable fair conditions for beginner traders.
Rest assured, these are the true top picks.
Market Maker Forex Brokers vs STP vs ECN
Market Makers = Dealing Desk, direct conflict of interest due to trading against clients
STPs = No Dealing Desk, no direct trading against clients, yet while the orders are passed to the Liquidity Providers - these are no one other than the Market makers themselves, just one step above in the trading chain.
Who is the winner?
For the simplicity of dealing = the Market makers
For the flexibility and anonymity = STPs, DMAs and ECNs
Forex brokers oftentimes run a combination of Dealing models, e.g. offering dealing desk (Market maker) accounts for beginners, as well as no-dealing desk accounts for more experienced traders.
A single Forex broker can be a Market maker + ECN at the same time. It's therefore important to understand what trading conditions apply to your specific Forex account, so that not to under/overestimate your trading relationships with a Forex brokers.
Market Makers ideal for:
- Ideal for beginner traders (low deposit, high leverage, mini/micro lots, fair start with great beginner education and support)
- Ideal for certain trading strategies (that don't survive otherwise in extremely volatile markets)
- NOT ideal at all for scalping (as scalping is often either prohibited or quite closely monitored)
Our TOP 10 Market Maker Forex Brokers
Carefully selected:
looking back at 10+ years of experience,
regulation,
reputation,
popularity,
transparency
and most suitable fair conditions for beginner traders.
Rest assured, these are the true top picks.
OANDA | $1 | oldest trusted broker since 1996
most visited/popular broker nowadays strongest solid regulatory base virtually risk-free micro-lot trading very low leverage 50:1 (result of regulation) |
50:1 | 0.001 |
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IG Markets | $1 | oldest trusted broker since 1974 most visited broker (also due to the fact that they offer ECN accounts) strong solid regulatory base 0.1 minimum lot is too high for beginner traders |
200:1 | 0.1 |
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FOREX.com | $50 | oldest trusted broker since 1999
strongest solid regulatory base absence of clear trading account conditions/comparison on the website |
200:1 | 0.01 |
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City Index | £100 | oldest trusted broker since 1983 strong solid regulatory base Broker targets Spread Betting and CFDs, hard to find Forex account trading conditions on the website | 200:1 | 0.01 |
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XM | $5 |
solid strong regulation most visited/popular broker nowadays transparent trading conditions and policies virtually risk-free micro-lot trading with sufficient leverage |
500:1 | 0.001 |
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EXNESS | $1 | most visited/popular broker extra high leverage (worry-free) |
2000:1 | 0.01 |
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Market Maker Forex Brokers vs STP vs ECN
Market Makers = Dealing Desk, direct conflict of interest due to trading against clients
STPs = No Dealing Desk, no direct trading against clients, yet while the orders are passed to the Liquidity Providers - these are no one other than the Market makers themselves, just one step above in the trading chain.
Who is the winner?
For the simplicity of dealing = the Market makers
For the flexibility and anonymity = STPs, DMAs and ECNs
Forex brokers oftentimes run a combination of Dealing models, e.g. offering dealing desk (Market maker) accounts for beginners, as well as no-dealing desk accounts for more experienced traders.
A single Forex broker can be a Market maker + ECN at the same time. It's therefore important to understand what trading conditions apply to your specific Forex account, so that not to under/overestimate your trading relationships with a Forex brokers.
most visited broker (also offers ECN)
transparent fair account trading conditions & options
virtually risk-free micro-lot trading with sufficient leverage
Nevis-based off-shore broker (Not regulated. The Financial Commission is a self-regulatory organization)
Okay, so, say my broker is not listed here...
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