Best Market Maker Forex Brokers 2023

For this list, we have searched and tested several market maker forex brokers.

To get the true picture, we opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. Also, for going deeper with our tests, we placed real trades in each popular market.

In order to solve the issues and minor problems that we faced, we reached out to the customer support team.

Based on our trading data and experience, we handpicked the best market maker forex brokers.

What is a Market Maker Broker?

Generally, market makers are large financial institutions or banks. Their main priority is to ensure there’s enough liquidity in the markets. They determine that there is enough trading volume, so that the trades are smooth and flawless.    

The good thing about market makers is that they are willing to buy and sell; this means they sell to the client when the latter wants to buy, and they are ready to buy when the client is selling.

Can a Market Maker Act as a Broker?

Yes, actually a market maker can act as a broker.

First, it is important to note that market makers and brokers have an important and distinct place in the market. While market makers are commonly financial institutions and larger investment companies, brokers typically act to facilitate the sale of an asset to a buyer or seller. In other words, market makers establish quotes for the bid and ask prices, or buy and sell prices, while brokers are companies that provide traders access to the markets.

However, brokers can also act as market maker forex brokers. This is a huge incentive for the broker to ensure securities for which the firm also makes a market.

Are Market Making Brokers scam?

Market making brokers are not scam.

Usually, market maker forex brokers are heavily regulated. They are considered the most trusted companies. Their operations run from trusted corporations that tend to operate vast trading amounts and follow the stock exchange rules.

In fact, market maker forex brokers help to keep the market functioning.

Market makers act as wholesalers. They buy and sell securities to satisfy the market. It is noteworthy that they determine and reflect market supply and demand by the prices they set.

Market Maker vs ECN broker

Market maker forex brokers accommodate to create a market for investors for the purpose of buying or selling securities. They ensure there’s enough liquidity in the markets, which means there is sufficient amount of trading.

On the contrary, ECN connects brokerages and traders and broadens the liquidity of trades. This means, ECN brokers are non-dealing brokers and do not take any position against the trades of their clients.

Best Market Maker Forex Brokers

Based on our tests, we have come up with the best market maker forex brokers list:

• FXTM
• IG
• Forex.com
• GKFX
• CMC Markets

Best Overall Market Making Broker

We have picked FXTM as the best overall market making broker.

FXTM offers trading services with forex pairs, indices, commodities, stocks, cryptocurrencies, spot metals, and real stocks.

The broker is regulated in several jurisdictions, such as the United Kingdom, Cyprus, South Africa, and Mauritius.

FXTM fees are commonly built into the spreads, however, they vary with the account types, which are two: standard and ECN accounts.

FXTM offers MT4 and MT5 trading platforms, also, their own proprietary mobile trading platform – FXTM Trader.

The broker also offers great market research tools and quality educational resources.

Best Market Maker Broker for Beginners

We have picked IG as the best market maker broker for beginners.

IG is heavily regulated and authorized and holds a number of licenses like FCA, ASIC, CFTC, DFSA, etc.

IG stands out for its trading conditions, low costs for Forex, also, quality education section, selection of trading platforms and excellent research tools.

IG markets is excellent for beginners as it offers a demo account, has various tutorial videos, webinars and live sessions. The learning materials are commonly separated into Beginner, Intermediate and Advanced levels.

Best Fixed Spread Market Making Broker

We have picked AvaTrade as the best fixed spread market maker broker.

AvaTrade is regulated in different jurisdictions, such as Ireland, Australia, the UAE, Japan, South Africa, and the British Virgin Islands.

The broker offers trades with forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs.

Commonly, AvaTrade’s spreads for forex are below the industry average. The spreads on indices and commodities are also below the industry benchmark. Read more about fixed spread forex brokers.

Best Market Maker with Lowest Spread

We have picked Admiral Markets as the best market maker broker with the lowest spread.

Admiral Markets is a global Forex and CFDs broker founded in 2001.

Admiral Markets offers a great number of instruments:  Forex pairs, indices, stocks, commodities and cryptocurrencies. According to our tests, spreads charged by the broker are below industry benchmarks.

Market Maker Brokers List

Below is an expanded list of market maker forex brokers:

Forex Broker	Test Details	Broker Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
AvaTrade	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
XM Trading	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Dukascopy	Deposit Amount: Over €4,000 Total Trade: 15 trades	Dukascopy Review
Vantage FX	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
Admiral Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
GKFX	Deposit Amount: Over €5,000 Total Trade: 15 trades	GKFX Review
Fortrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Plus500	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review

FAQ and More on Broker Market Maker

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to the market maker forex brokers.

Futures Market Maker Broker

Futures are known as financial derivatives when interested parties come to an agreement upon  buying or selling assets at some definite point in the future for a determined price.

Based on our tests, we have picked the following brokers as the best futures market maker brokers:

• OANDA
• Forex.com
• IG

UK Market Making Brokers

Market Makers are usually considered the most trustworthy brokers in the UK. This is due to the fact that they run their operations from respected corporations with strict rules created immediately by the stock exchange.

We have selected the following brokers as the best UK market making brokers:

• City Index
• Vantage FX
• Admiral Markets

Is IG US a Market Maker Broker?

Yes, IG US is a Market Maker Broker.

IG is a trusted broker being listed in Stock Exchange for extra transparency. IG offers great trading conditions and low costs for Forex. It has a professional education section, selection of trading platforms and straightforward research tools.

IG generally uses market makers for the pricing of some illiquid shares.

Is TD Ameritrade a Forex Market Maker Broker?

Yes, TD Ameritrade is a Forex Market Maker Broker.

TD Ameritrade is considered one of the oldest brokers, founded still in 1975, US. It is regulated by a number of top-tier authorities; SEC, FINRA and CFTC.

The broker has low trading fees. As to its trading platform, it is considered one of the best.