Market maker guide

Best Market Maker Forex Brokers in 2026

Discover top market maker Forex brokers for 2026. Trade with market makers providing competitive spreads in the Forex market. Choose the best Forex broker now!

  • Pricing model, execution policy and transparency reviewed
  • 10 market maker brokers shortlisted
  • Dealing desk and pricing context compared
Updated
Broker ranking

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top top Forex market maker brokers based on our analysis:

  1. 1
    AvaTrade

    Top pick

    • A wide selection of financial assets.
    • Innovative trading platforms.
    • Highly rated educational resources.
    Visit

    Trading CFDs carries high risks. You may lose all invested funds

  2. 2
    • Wide range of trading assets.
    • Extensive educational resources.
    • Tight spreads on the Ultra Low account.
    Visit

    Trading CFDs carries high risks. You may lose all invested funds

  3. 3
    • Tight spreads and attractive trading conditions.
    • Wide selection of trading assets.
    • A rich set of educational resources and market analysis.
    Visit

    Trading CFDs carries high risks. You may lose all invested funds

  4. 4
    • Regulated in many jurisdictions.
    • Unique risk management tools (dealCancellation, Freeze Rate).
    • Access to various trading platforms.
    Visit

    Trading CFDs carries high risks. You may lose all invested funds

  5. 5
    • Intuitive CFD trading platform.
    • 24/7 support.
    • Built-in analytics.
    Visit

    80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  6. 6
    • Wide range of trading assets.
    • A wide variety of trading platforms.
    • Extensive training materials including webinars, videos, articles and guides.
    Visit

    81% of retail investors lose money when trading CFDs with this broker

  7. 7
    • A wide range of trading assets.
    • Variety of trading platforms.
    • Educational materials for traders of all experience levels.
    Visit

    Trading CFDs carries high risks. You may lose all invested funds

  8. 8
    • Large selection of trading instruments.
    • PAMM accounts and the ForexCopy automatic trade copying service for passive income.
    • 24/7 efficient customer support.
    Visit

    71.99% of retail investors lose money when trading CFDs with this broker

  9. 9
    • A wide selection of trading and investment accounts.
    • Low spreads, which facilitates more profitable trading.
    • A wide range of payment methods.
    Visit

    Trading CFDs carries high risks. You may lose all invested funds

  10. 10
    • Broker with many years of history and a global reputation.
    • A variety of deposit methods.
    • A wide variety of available markets and products.
    Visit

    68-81% of retail investors lose money when trading CFDs with this broker

  1. AvaTradeA wide selection of financial assets.
    Top pick
    A wide selection of financial assets.Innovative trading platforms.Highly rated educational resources.

    Trading CFDs carries high risks. You may lose all invested funds

    Visit
  2. XMWide range of trading assets.
    Wide range of trading assets.Extensive educational resources.Tight spreads on the Ultra Low account.

    Trading CFDs carries high risks. You may lose all invested funds

    Visit
  3. LibertexTight spreads and attractive trading conditions.
    Tight spreads and attractive trading conditions.Wide selection of trading assets.A rich set of educational resources and market analysis.

    Trading CFDs carries high risks. You may lose all invested funds

    Visit
  4. easyMarketsRegulated in many jurisdictions.
    Regulated in many jurisdictions.Unique risk management tools (dealCancellation, Freeze Rate).Access to various trading platforms.

    Trading CFDs carries high risks. You may lose all invested funds

    Visit
  5. Plus500Intuitive CFD trading platform.
    Intuitive CFD trading platform.24/7 support.Built-in analytics.

    80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Visit
  6. ActivTradesWide range of trading assets.
    Wide range of trading assets.A wide variety of trading platforms.Extensive training materials including webinars, videos, articles and guides.

    81% of retail investors lose money when trading CFDs with this broker

    Visit
  7. IFC MarketsA wide range of trading assets.
    A wide range of trading assets.Variety of trading platforms.Educational materials for traders of all experience levels.

    Trading CFDs carries high risks. You may lose all invested funds

    Visit
  8. InstaForexLarge selection of trading instruments.
    Large selection of trading instruments.PAMM accounts and the ForexCopy automatic trade copying service for passive income.24/7 efficient customer support.

    71.99% of retail investors lose money when trading CFDs with this broker

    Visit
  9. FIBO GroupA wide selection of trading and investment accounts.
    A wide selection of trading and investment accounts.Low spreads, which facilitates more profitable trading.A wide range of payment methods.

    Trading CFDs carries high risks. You may lose all invested funds

    Visit
  10. FOREX.comBroker with many years of history and a global reputation.
    Broker with many years of history and a global reputation.A variety of deposit methods.A wide variety of available markets and products.

    68-81% of retail investors lose money when trading CFDs with this broker

    Visit

These market-maker brokers have been meticulously selected for their solid regulatory status, excellent user reviews, advanced trading platforms, and competitive trading conditions.

Comparison of the Best Market Maker Forex Brokers

AvaTrade
XM
Libertex
BrokerAvaTradeXMLibertex
Rating
4.7/5
4.7/5
4.7/5
Foundation Year200620091997
Regulated in CountriesIreland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, CanadaBelize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, SeychellesSaint Vincent and the Grenadines, Belarus, Cyprus, Mauritius
Regulators
Minimum Deposit
  • 100 CHF
  • 100 EUR
  • 100 GBP
  • 100 USD
  • 5 AUD
  • 5 CHF
  • 5 EUR
  • 5 GBP
  • 1800 HUF
  • 750 JPY
  • 20 PLN
  • 5 SGD
  • 5 USD
  • 90 ZAR
  • 100 USD
Trading Accounts
  • CFD
  • Standard
  • Micro
  • XM Ultra Low
  • Shares
  • Libertex
  • MT4 Market
  • MT5 Market
  • MT4 Instant
  • MT5 Instant
  • Libertex Portfolio
Spreadfrom 0.6 pointsfrom 0 pointsfrom 0 points
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
  • AvaTradeGO
  • MetaTrader 5
  • MetaTrader 4
  • WebTrader
  • Libertex
  • MetaTrader 4
  • MetaTrader 5
ReviewAvaTrade ReviewXM ReviewLibertex Review
Broker Comparison
Register
RegisterTrading CFDs carries high risks. You may lose all invested funds
RegisterTrading CFDs carries high risks. You may lose all invested funds
RegisterTrading CFDs carries high risks. You may lose all invested funds

Top Market Makers Forex Brokers List

1
4.7/5
Foundation Year
2006
Minimum Deposit
$100
Register

Trading CFDs carries high risks. You may lose all invested funds

AvaTradeAvaTrade review4.7/5Minimum Deposit$100
Foundation Year
2006
Availability

Trading CFDs carries high risks. You may lose all invested funds

Register
2
4.7/5
Foundation Year
2009
Minimum Deposit
$5
Register

Trading CFDs carries high risks. You may lose all invested funds

XMXM review4.7/5Minimum Deposit$5
Foundation Year
2009
Availability

Trading CFDs carries high risks. You may lose all invested funds

Register
3
4.7/5
Foundation Year
1997
Minimum Deposit
$100
Register

Trading CFDs carries high risks. You may lose all invested funds

LibertexLibertex review4.7/5Minimum Deposit$100
Foundation Year
1997
Availability

Trading CFDs carries high risks. You may lose all invested funds

Register
5
Plus500Plus500 reviewPlus500 is a CFD broker and offers Forex CFDs.
4.3/5
Foundation Year
2008
Minimum Deposit
$100
Register

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500Plus500 review4.3/5Minimum Deposit$100
Foundation Year
2008
Availability

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Register

Plus500 is a CFD broker and offers Forex CFDs.

8
4.2/5
Foundation Year
2007
Minimum Deposit
$1
Register

71.99% of retail investors lose money when trading CFDs with this broker

InstaForexInstaForex review4.2/5Minimum Deposit$1
Foundation Year
2007
Availability

71.99% of retail investors lose money when trading CFDs with this broker

Register
9
4.1/5
Foundation Year
1998
Minimum Deposit
$1
Register

Trading CFDs carries high risks. You may lose all invested funds

FIBO GroupFIBO Group review4.1/5Minimum Deposit$1
Foundation Year
1998
Availability

Trading CFDs carries high risks. You may lose all invested funds

Register
10
4.1/5
Foundation Year
2001
Minimum Deposit
$100
Register

68-81% of retail investors lose money when trading CFDs with this broker

FOREX.comFOREX.com review4.1/5Minimum Deposit$100
Foundation Year
2001
Availability

68-81% of retail investors lose money when trading CFDs with this broker

Register

1. AvaTrade

AvaTrade Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.

Pros and Cons of AvaTrade

Pros

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

2. XM

XM Logo
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4WebTrader
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inactivity fee.
  2. Standard account has a higher spread than the market average.

3. Libertex

Libertex Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
compare Libertex trading accounts

Libertex is an established broker with a broad range of instruments and a solid educational base. The Libertex and MT4/MT5 platforms support both self-directed trading and ready-made solutions: copy trading (Libertex Social), model portfolios, and curated investment ideas.

Traders get multiple account types for different styles, competitive costs with zero deposit fees, and convenient funding/withdrawal options. Regular research, an economic calendar, and trading signals help with planning and risk management. A limitation is the absence of fixed-spread and Islamic accounts, which may matter to some investors.

Pros and Cons of Libertex

Pros

  1. Tight spreads and attractive trading conditions.
  2. Wide selection of trading assets.
  3. A rich set of educational resources and market analysis.
  4. Strong platform lineup: proprietary Libertex and professional MT4/MT5.
  5. Copy trading and investing in stocks and ETFs are available.
  6. Instant, fee-free deposits and a wide choice of funding and withdrawal methods.

Cons

  1. An inactivity fee applies.
  2. No fixed-spread accounts and no Islamic accounts.

4. easyMarkets

easyMarkets Logo
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsEnergy CarriersSoft CommoditiesIndicesStocksCryptocurrency
Trading Platforms
easyMarketsMetaTrader 4TradingViewMetaTrader 5
compare easyMarkets trading accounts

easyMarkets is a reliable international broker with nearly 25 years of experience, licenses from leading regulators (CySEC, ASIC, FSCA, etc.), and a focus on simplicity and trading safety. It suits beginner traders thanks to a low minimum deposit from 25 USD, fixed spreads, and a convenient proprietary platform with unique risk management tools. At the same time, the broker will also appeal to more experienced users thanks to the availability of MT4, MT5, TradingView, Islamic accounts, and VIP service. Despite a relatively average selection of CFD instruments and the absence of passive trading services, easyMarkets delivers a good combination of reliability, technology, and customer support.

Pros and Cons of easyMarkets

Pros

  1. Regulated in many jurisdictions.
  2. Unique risk management tools (dealCancellation, Freeze Rate).
  3. Access to various trading platforms.
  4. Minimum deposit from 25 USD, convenient for beginners.
  5. A wide range of deposit and withdrawal methods, including cryptocurrencies.
  6. Strong analytics (Daily Pitch, AI reviews, trading signals).
  7. Competent support with many contact channels.

Cons

  1. High swaps compared to competitors.
  2. No cent accounts or passive trading services (PAMM, copy trading).
  3. Average number of CFD instruments, behind market leaders.

5. Plus500

Plus500 Logo
5
Register80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
WebTrader
compare Plus500 trading accounts

Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.

Pros and Cons of Plus500

Pros

  1. Intuitive CFD trading platform.
  2. 24/7 support.
  3. Built-in analytics.
  4. Diversity of trading assets.

Cons

  1. Limited channels for communication with technical support.
  2. Limited choice of trading accounts.

6. ActivTrades

ActivTrades Logo
6
Register81% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexStocksIndicesCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft CommoditiesETF
Trading Platforms
MetaTrader 4MetaTrader 5ActivTraderTradingView
compare ActivTrades trading accounts

ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.

However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.

Pros and Cons of ActivTrades

Pros

  1. Wide range of trading assets.
  2. A wide variety of trading platforms.
  3. Extensive training materials including webinars, videos, articles and guides.
  4. Professional Support Team.

Cons

  1. Lack of diversity in trading accounts.

7. IFC Markets

IFC Markets Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexStocksETFIndicesCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
NetTradeXMetaTrader 4MetaTrader 5
compare IFC Markets trading accounts

IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.

IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.

Pros and Cons of IFC Markets

Pros

  1. A wide range of trading assets.
  2. Variety of trading platforms.
  3. Educational materials for traders of all experience levels.
  4. Tools for creating synthetic tools are available.

Cons

  1. High swaps.

8. InstaForex

InstaForex Logo
8
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
compare InstaForex trading accounts

InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.

InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.

Pros and Cons of InstaForex

Pros

  1. Large selection of trading instruments.
  2. PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  3. 24/7 efficient customer support.
  4. Wide range of methods for depositing and withdrawing funds.
  5. Decent analytical section.

Cons

  1. Trading commissions are above average.
  2. No trading accounts with market execution of orders (ECN or STP).
  3. Broker commission on fund withdrawals.

9. FIBO Group

FIBO Group Logo
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexCryptocurrencyPrecious MetalsEnergy CarriersSoft CommoditiesIndices
Trading Platforms
MetaTrader 4cTraderMetaTrader 5
compare FIBO Group trading accounts

FIBO Group is suitable for various types of traders, including beginners and experienced ones. The broad selection of accounts and trading platforms allows every trader to find an appropriate solution. Additionally, educational materials and analytics will aid in skill development and making informed trading decisions.

The broker offers competitive trading conditions, various instruments, and robust support. However, fees and the absence of certain assets may limit its potential.

Pros and Cons of FIBO Group

Pros

  1. A wide selection of trading and investment accounts.
  2. Low spreads, which facilitates more profitable trading.
  3. A wide range of payment methods.
  4. Availability of various trading platforms.
  5. Comprehensive analytics and educational materials.

Cons

  1. An inactivity fee.
  2. Withdrawal fees.
  3. The absence of stocks and ETFs in the range of instruments.

10. FOREX.com

FOREX.com Logo
10
Register68-81% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexStocksETFIndicesCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
FOREX.comNinja TraderMetaTrader 4TradingView
compare FOREX.com trading accounts

FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.

Pros and Cons of FOREX.com

Pros

  1. Broker with many years of history and a global reputation.
  2. A variety of deposit methods.
  3. A wide variety of available markets and products.
  4. Advanced analytical tools and daily updates from the company's professionals.
  5. Comprehensive educational materials for all levels of traders.

Cons

  1. Lack of specialized accounts.
  2. High transaction fee on DMA Account.

How the List of the Best Market Maker Forex Brokers is Compiled

The selection of the best Forex market makers is based on a thorough and objective set of criteria:

  1. The broker's position on the list is determined by its ranking in our overall Forex brokers directory. We conduct a meticulous analysis of various factors, including the broker's performance, financial stability, service quality, and customer satisfaction.

  2. Our broker ratings are derived from a rigorous methodology that evaluates regulatory licenses, spreads, commissions, trading platforms, and the quality of customer support.

  3. The list exclusively features the Forex market makers. This ensures that traders can benefit from the liquidity, stability, and favorable trading terms that market makers provide, enhancing their overall trading experience.

These standards ensure that the brokers included in our list not only operate as market makers but also meet high standards of reliability and service quality, making them ideal choices for effective Forex and CFD trading.

FAQ

What is a market maker Forex broker?

A market maker Forex broker, often referred to as a dealing desk broker, is a type of broker that sets bid and ask prices in the market and acts as the counterparty to the trades of its clients. Instead of matching trades between buyers and sellers, the market maker takes the opposite side of the client’s trade, using its dealing desk to manage positions.

How do market makers make money?

Market makers earn money primarily through the spread, which is the difference between the bid and ask prices. They may also profit from holding positions against traders, though this is balanced with managing overall risk exposure.

What are the differences between market makers and ECN brokers?

Market makers create a market for clients by setting bid/ask prices, while ECN (Electronic Communication Network) brokers provide direct market access by connecting traders directly to the interbank market, allowing them to trade with other participants. ECN brokers typically offer tighter spreads but charge a commission, while market makers often incorporate the cost into the spread.

Are market makers the same as brokers?

No, not all brokers are market makers. Brokers can operate under different models. Market makers, also known as B-Book Forex brokers, take the opposite side of trades, meaning they internalize client orders and can potentially profit from clients' losses. On the other hand, A-Book Forex brokers, which include ECN (Electronic Communication Network) and STP (Straight Through Processing) brokers, connect traders directly to external liquidity providers without taking a position against them.

Which Forex broker is a market maker?

Several well-known Forex and CFD brokers operate as market makers, including brokers like IG and Forex.com. However, the status of a broker as a market maker can depend on the account type or trading conditions offered.

What are the pros and cons of market maker brokers?

  • Pros: Market makers typically offer fixed spreads and guaranteed liquidity. They can also offer lower minimum deposits and faster execution times.

  • Cons: There is a potential conflict of interest, as the broker might trade against you. Additionally, spreads may be wider compared to ECN brokers during volatile market conditions.

Do market makers trade against you?

Market makers may take the opposite position of your trade, meaning if you buy, they sell, and vice versa. While this can create a conflict of interest, regulated brokers are required to operate fairly and transparently.

Who are the biggest market makers in Forex?

Some of the largest market makers in Forex, who also serve as key liquidity providers, include major banks like JPMorgan, Citi, and UBS, as well as prominent brokers such as IG and Forex.com. These institutions ensure market liquidity by consistently offering buy and sell prices, facilitating smooth trading conditions.

Why are market makers important in Forex trading?

Market makers are crucial because they provide liquidity to the market, ensuring that traders can enter and exit positions at almost any time. They help stabilize the market by continually offering buy and sell prices, which is essential for a smooth trading experience.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.