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TOP 10 Best Market Makers 2023 | Forex Brokers


MARKET MAKER - one of the oldest form of Forex brokerage.

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)
Check Market Maker Forex Brokers full list.

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.

Logo Brokers Deposit Strongest/weakest points Leverage Lot Trading platform Country (Regulation)
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
  • MT4
  • fxTrade OANDA platform
  • United States (NFA, CFTC)
  • Canada (IIROC)
  • UK (FCA UK)
  • MAS Singapore
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
  • MT4
  • L2 Dealer (ECN accounts from $2000)
  • UK (FCA UK)
  • Australia (ASIC)
  • Switzerland (licensed IG Bank, FINMA)
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
  • MT4
  • Forex.com Advanced Trading Platform
  • United States (NFA, CFTC)
  • UK (FCA UK)
  • Canada (IIROC)
  • Australia (ASIC)
  • FFA Japan
  • MAS Singapore
  • SFC Hong Kong
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
  • MT4
  • UK (FCA UK)
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
  • MT4
  • MT5
  • UK (FCA UK)
EXNESS $1
most visited/popular broker
extra high leverage (worry-free)
2000:1 0.01
  • MT4
  • MT5
  • FSA (Seychelles)


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.
xm is a crappy broker i can't withdraw my money. I definitely do not recommend
mine neither
ARE SURE ALL THIS BROKER IS MARKET MAKER? IT MEANS NO GOOD FOR TRADER?TRADER WILL BE FIGHT VS BROKER,ISNT IT?
Fair. It's an old broker, however not our Top pick, mainly due to it's insufficient regulation. Anyway, we can illustrate the strong/weak points for FXOpen as well:
FXOpen $50
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)
500:1 0.001
  • MT4
  • MT5
  • WebTrader
  • Nevis Financial Commission
Fxopen
What is your broker?

Okay, so, say my broker is not listed here...


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