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60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

AuthorAuthor: Chris CammackPublished: April 29, 2020
EditorEditor: Alison HeyerdahlUpdated: February 26, 2024

Last Updated On February 26, 2024

Chris Cammack

The retail Forex market is a complex space, and the brokers that work within it have different business models, but most of them are known as market maker brokers. Market makers buy up trading positions in bulk from their partners and sell them on to traders. This means they are always the counterparty to your trades. 

The term market maker only refers to the business model, so there is a lot of variation in quality, pricing, and product offering. Client safety is especially important when searching for a good market maker, so the first step to finding the best market makers is verifying their regulation. Apart from all being well-regulated, the market makers on this list will suit a range of traders whose budgets, experience levels, and platform preferences may differ. 

According to our testing and our research, these are the best market maker brokers for 2024.

1

XM

Best Market Maker for Education

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2

markets.com

Market Maker with Best Trading Tools

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3

AvaTrade

Best Mobile Trading Experience

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4

IG

Best Regulated Market Maker

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5

FxPro

Largest Account Variety for a Market Maker

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6

XTB

Market Maker with Best Proprietary Platform

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7

FXTM

Best Micro Account for Beginners

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These are the best Market Maker Brokers for 2024

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Broker
Broker Score
Official Site
Min. Deposit
Max. Leverage
EUR/USD - Standard Spread
EUR/USD - Raw Spread
Cost of Trading
Total CFDs
Currency Pairs
Trading Desk
Regulators
Platforms
Website Language: English
Support Language: English
Compare
XM
4.45 /5
Read Review
Visit Broker >
75.33% of retail CFD accounts lose money
GBP 530:10.60 pips0.10 pipsUSD 6155457Market MakerCySEC Regulated BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersInternational Financial Services CommissionFinancial Services Conduct AuthorityMT4, MT5
Markets.com
4.68 /5
Read Review
Visit Broker >
70.3% of retail CFD accounts lose money
GBP 10030:10.70 pips0.60 pipsUSD 7100956Market MakerFCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionMT4, MT5, markets.com
AvaTrade
4.59 /5
Read Review
Visit Broker >
76% of retail CFD accounts lose money
GBP 10030:10.90 pips0.90 pipsUSD 987255Market MakerASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services AgencyCentral Bank of IrelandFinancial Regulatory Services AuthorityMT4, MT5, Avatrade Social, AvaOptions
IG
4.69 /5
Read Review
Visit Broker >
69% of retail CFD accounts lose money
GBP 030:10.60 pips0.85 pipsUSD 61929580Market MakerFCA Regulated Forex BrokersASIC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinansinspektionenMT4, L2 Dealer, ProRealTime
FxPro
4.39 /5
Read Review
Visit Broker >
71.58% of retail CFD accounts lose money
GBP 10030:11.40 pips0.40 pipsUSD 14224170Market Maker NDDFCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex BrokersSecurities Commission of the BahamasMT4, MT5, cTrader, FxProEdge
XTB
4.39 /5
Read Review
Visit Broker >
78% of retail CFD accounts lose money
GBP 030:10.70 pips0.70 pipsUSD 7521157Market Maker NDDCySEC Regulated BrokersFCA Regulated Forex BrokersDFSA Regulated Forex BrokersInternational Financial Services CommissionKomisja Nadzoru FinansowegoxStation5
FXTM
4.37 /5
Read Review
Visit Broker >
81% of retail CFD accounts lose money
GBP 1030:11.50 pips0.00 pipsUSD 15180362ECN/DMA, Market MakerCySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services CommissionMT4, MT5
FOREX.com
4.62 /5
Read Review
Visit Broker >
68%Hello Chrisof retail CFD accounts lose money
GBP 10030:10.70 pips0.70 pipsUSD 7564891Market MakerFCA Regulated Forex BrokersMT4, TradingView, FOREX.com Web Trader
Eightcap
4.53 /5
Read Review
Visit Broker >
N/A of retail CFD accounts lose money
GBP 10030:11.00 pips1.00 pipsUSD 1084640Market Maker NDDASIC Regulated BrokersSecurities Commission of the BahamasFCA Regulated Forex BrokersCySEC Regulated BrokersTradingView

How we chose the best market maker brokers

Some of the biggest and best Forex brokers in the world are market makers. However, many poorly regulated and overly expensive market makers are still in business so we always thoroughly test them before recommending them.

When selecting market maker brokers for recommendation we consider: 

Regulation: Regulation is the only guaranteed way to protect your trading capital. Traders in the UK should make sure their broker is regulated by the UK’s Financial Conduct Authority (FCA). ASIC and CySEC are also excellent regulators but local regulation is especially important. If your trading account is regulated by the FCA, your broker is bound by British rules and is a member of the FCA’s compensation scheme.

Dealing desks: All market makers have dealing desks, they keep track of asset prices and pair buyers and sellers. However, market makers can operate dealing desks in different ways. Most market makers are responsible and integral members of the trading industry, but unregulated market makers without automated dealing desks can manipulate your trades for their financial gain.

Spreads: The spread is the difference between the buy and sell price of a forex pair, and it is how brokers earn their money. Market makers include trading fees in the spread, meaning traders are not charged any additional commission based on the volume traded. That said, the spread can vary greatly from 0.6 pips to 5.0 pips (EUR/USD) on market maker accounts. Wide spreads will increase your trading costs significantly. 

Education & research quality: Market maker brokers overall tend to have more funding for educational material, course creation, webinars and market analysts. If you are going to trade with a market maker, be sure you select one with a high education and research score – meaning more education resources and better and more frequent market analysis.

Our Broker Score and Trust Rating: Ensuring Your Broker’s Reliability

Choosing a broker you can trust with your money is a crucial decision. At FxScouts, we’ve developed two proprietary tools to assist you in this. Using extensive research on brokers and international regulators, we’ve designed an algorithm that provides each broker with a Broker Score and a Trust Rating.

Scoring and Review Process

Our review process is dynamic, not static. Understanding that brokers often modify their product offerings, we ensure our reviews are consistently updated with the most recent and accurate data. Brokers are scored in seven areas. In total, we consider over 200 individual metrics grouped into the following categories and weightings.

  • 20% – Trust Rating: This rating combines a broker’s regulatory oversight with feedback from traders and other members of the trading community. We NEVER work with brokers with a low Trust Rating.
  • 20% – Trading Conditions: The most important factor after trust is how much will your broker charge you. Trading conditions include the spread, especially on major currency pairs, and any commission for raw spread accounts. 
  • 17.5% – Platform and Tools: MT4, MT5, TradingView? All three? The more platforms and analysis tools the better.
  • 12.5% – Tradeable Assets: Traders want more than Forex, so the more assets to trade the better. Stocks, crypto, indices, commodities, bonds, ETFs, etc.
  • 10% – Deposit and Withdrawal: It should ALWAYS be free and easy to deposit and withdraw funds, but some brokers make this easier than others.
  • 10% – Education and Research: So many beginner traders fall at the first hurdle, the best brokers will make sure that new traders are educated and prepared for the markets.
  • 10% – Customer Service: High-quality, round-the-clock support throughout the work week is essential. The better brokers also offer weekend support and a dedicated technical team.

You can find out more about our in-depth review process here.


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AvaTrade
4.59 /5
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Tickmill
4.58 /5
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XM
4.45 /5
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Pepperstone
4.61 /5
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XTB
4.39 /5
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XM – Best Market Maker for Education

Broker Score
4.454.45 / 5
🏦  Min. DepositGBP 5
🛡️  Regulated By
💵  Trading Cost 
USD 6
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

XM is a well-regulated market maker with tight spreads on three simple account options known for its excellent education and customer service.  All accounts feature maximum leverage of up to 1:30, negative balance protection, and minimum deposits that start at 5 GBP.  Spreads are as tight as 0.6 pips (EUR/USD) on its Ultra Low Account, and 99.35% of all trades are filled in under a second.  It also has a strict no requotes/no rejection policy, and as such, all trades are filled at the expected price.

XM’s education and market analysis materials are comprehensive, in-depth, and well-structured.  Its research team provides frequent market analysis across all CFD assets in an easy-to-understand manner, highlighting trading opportunities and technical insight.  Impressively, webinars are available from Monday – Friday 05:00 – 15:00 GMT in 19 languages, and the educational videos cover basic, intermediate, and advanced trading concepts. 

Pros
  • Well regulated
  • Excellent education
  • Free deposits and withdrawals
Cons
  • Dealing desk
  • Wide spreads on its entry-level accounts
AlertAccepts UK Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the FSC. 75.33% of traders lose money with this provider.

Markets.com – Market Maker with Best Trading Tools

Broker Score
4.684.68 / 5
🏦  Min. DepositGBP 100
🛡️  Regulated By
💵  Trading Cost 
USD 7
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Founded in 2008, Markets.com is a well-regulated market maker offering trading on a wide range of assets, including shares, ETFs, Indices, commodities, Forex, cryptocurrencies, blends, and bonds.  Full support is offered for MT4, MT5, and Markets.com’s award-winning proprietary platform.  An advanced multi-asset trading platform, it is packed full of features, including over 14 fundamental, technical and sentiment-based trading tools and expert analysis, in addition to in-depth charting and comparison tools. 

Markets.com offers competitive trading conditions on one live commission-free account, with a minimum deposit requirement of 100 USD, leverage of up to 30:1, and spreads starting at 0.6 pips on the EUR/USD.  All traders are assigned a dedicated Account Manager to assist with any queries regarding their account or using the platform, and Markets.com’s responsive customer service is available 24/5 over the phone, via email, or in-platform through its Live Chat feature.

Pros
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • High minimum deposit
AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 , and Markets.com platforms supported. Markets.com is regulated by the FCA, CySEC, ASIC, and the BVI FSC. 70.3% of traders lose money with this provider.

Avatrade – Best Mobile Trading Experience

Broker Score
4.594.59 / 5
🏦  Min. DepositGBP 100
🛡️  Regulated By
💵  Trading Cost 
USD 9
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

With regulation across six jurisdictions, Avatrade is one of the most reputable market maker brokers in the industry, offering trading on multiple assets, including Forex, commodities, cryptocurrencies, ETFs, options, bonds, and vanilla options.  Considering the 100 USD minimum deposit, Avatrade’s single account features some of the tightest spreads in the industry, averaging at 0.9 pips on the EUR/USD, and as is typical with market makers, no commissions are charged.

Avatrade’s proprietary trading app, AvaTradeGO provides one of the best mobile trading experiences.  Voted Best Forex by the Global Forex Awards, AvaTradeGO allows access to trader insights, connect with global trading markets, create watchlists, and view live prices and charts.  Also available in the app is the AvaProtect tool, a state-of-the-art risk management system that protects traders from losses for a limited time. 

Pros
  • Good for beginners
  • Well regulated
  • Low minimum deposit
Cons
  • Dealing desk
  • Limited market analysis
AlertAccepts UK Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA. 76% of traders lose money with this provider.

IG – Best Regulated Market Maker

Broker Score
4.694.69 / 5
🏦  Min. DepositGBP 0
🛡️  Regulated By
💵  Trading Cost 
USD 6
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Founded in 1974, IG is one of the best-regulated market makers in the industry.  With regulation from no less than ten top-tier authorities, including ASIC, the FCA, and BaFin, it is also publicly traded on the London stock exchange and has a full banking license.  Along with solid regulation are strict internal processes, and IG Markets holds client funds in segregated accounts at tier-1 banks, and all clients are offered negative balance protection.   

With trading on over 17,000 instruments, IG offers highly competitive trading conditions on two account types, which are dependent on the chosen platform.  Leverage is up to 30:1, and the average spread on the MT4 platform is 0.75 pips (EUR/USD) and 0.86 pips (EUR/USD) on IG’s proprietary L2 Dealer platform.  L2 Dealer also offers direct market access (DMA) trading free of charge as long as clients maintain a balance of 1,000 USD.  On the DMA Account, spreads average at 0.165 pips on the EUR/USD in exchange for a commission that is dependent on the volume traded.  

Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis
Cons
  • High minimum deposit
AlertAccepts UK Clients. Average spread EUR/USD 0.85 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, ProRealTime and L2 Dealer platforms supported. IG Markets Group is regulated by FCA, ASIC, and the FSCA.

FXPro – Largest Account Variety for a Market Maker

Broker Score
4.394.39 / 5
🏦  Min. DepositGBP 100
🛡️  Regulated By
💵  Trading Cost 
USD 14
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

A well-respected regulated market maker broker with no dealing desk intervention, FXPro offers a variety of account choices on four different platforms, including MT4, MT5, cTrader, and its proprietary platform, FxPro Edge.  All accounts feature a minimum deposit requirement of 100 USD and leverage of up to 30:1.  Spreads are relatively wide on the MT4 and FxPro account types, averaging at 1.84 pips on the EUR/USD, and average at 1.65 pips (EUR/USD) on the MT5 account.  Spreads tighten significantly on the cTrader account, down to 0.31 pips in exchange for a reasonable commission of 4.5 USD per lot. 

Most trades at FxPro are filled in under 10 milliseconds, and trades are executed at one of FxPro’s Equinox Data Centres in either London or Amsterdam.  FxPro’s trading servers are co-located and cross-fiber connected with Tier 1 banks that provide liquidity via its proprietary aggregator, Quitox. One drawback for traders considering FxPro is its limited selection of educational and market analysis materials, making it a poor choice for beginner traders. 

Pros
  • Well regulated
  • Great platform choice
  • Tight spreads
Cons
  • Limited education
AlertAccepts UK Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the SCB. 71.58% of traders lose money with this provider.

XTB – Market Maker with Best Proprietary Platform

Broker Score
4.394.39 / 5
🏦  Min. DepositGBP 0
🛡️  Regulated By
💵  Trading Cost 
USD 7
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

XTB is a well-regulated market maker with no dealing desk that uses straight-through processing (STP) execution.  All trades are automatically sent to its parent company, X-Trade Brokers DM, its liquidity provider, and trades are executed without any dealing desk intervention. 

Support is only offered for XTB’s proprietary platform, xStation 5, which has won many awards for its superior functionality and fast execution speeds.  With a user-friendly and intuitive design, it allows traders to accurately track market movements.  It also offers powerful charting tools, one-click trading, real-time performance statistics, and a trader’s calculator. 

XTB offers trading on a single commission-free Standard Account.  Spreads start at 0.9 pips and average at 1.2 pips on the EUR/USD.  Traders are offered leverage of up to 30:1, and there is no minimum deposit requirement. 

Pros
  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners
Cons
  • Limited platform choice
AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. xStation5 platform supported. XTB Group is regulated by CySEC, DFSA, FCA and the IFSC. 77% of traders lose money with this provider.

FXTM – Best Micro Account for Beginners

Broker Score
4.374.37 / 5
🏦  Min. DepositGBP 10
🛡️  Regulated By
💵  Trading Cost 
USD 15
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Founded in 2011, FXTM is a market maker authorised and regulated by various authorities, including CySEC, the FCA, and the FSC (Mauritius).  Trading is offered on MT4, which comes with a number of indicators and a Forex VPS service, and FXTM provides an excellent repository of educational materials to help beginners get started on their trading journeys.

FXTM’s trading conditions vary across the three account types but are generally better than most other market makers. Its standout account is the low-risk Micro Account with a minimum deposit of 10 GBP, spreads that start at 1.5 pips (EUR/USD) and no commissions for Forex trading.  Traders must be aware that accounts are only denominated GBP Pence and that the only trading instruments that can be traded on this account are metals and Forex. 

Pros
  • Good for beginners
  • Excellent education
  • Well regulated
  • Low minimum deposit
  • Copy trading accounts
Cons
  • Expensive withdrawals
AlertAccepts UK Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. MT4 platform supported. FXTM Group regulated by CySEC, FCA, FSCA and FSC. 81% of traders lose money with this provider.

What is a market maker broker?

A broker is called a market maker because they “make the market” for retail traders. This means they will always be the counterparty to your trade.

The Forex Market and Market Makers

To better understand how and why market makers operate the way they do, we need to understand how the Forex market works.

The vast majority of Forex trading takes place in the interbank market, trillions of dollars in currencies move between the major banks in this market on a daily basis (6.6 trillion USD per day is the 2019 estimate). It is in this space where the market is made; the prices set here, between the members of the interbank market, will be the basis for pricing in the lower volume sections of the Forex market, including the retail CFD market.

It is fair to say that the primary market makers in the Forex market are the members of this interbank market. They effectively set the rules for everyone else to play by – including market maker CFD brokers.

How do Market Makers Work?

Market makers form a bridge between the interbank market and retail forex traders. They buy up large positions from the interbank market, which they break up and sell in smaller sizes to retail clients. As market makers will be taking exposure to the risk associated with the trade (i.e. will be counterparty to the trade) they will also charge a mark-up fee on both the buy and sell prices.

The difference between the buy and sell prices is called the spread and is how market makers make most of their money. Think about it as the fee charged by the broker for creating the liquidity needed to make your trade. Most market makers will also hedge the trades they take on with a member of the interbank market, thus protecting themselves from losses – this is especially true in cases of large volume retail trades.

Market makers may also make alterations to the pricing on pair based on other factors:

  • Current exposure – a broker’s risk management team may dictate changes in pricing if they believe they are holding too many trades in one direction on a pair
  • The dealing desk’s views on future price movement – if the broker believes the GBP is overpriced against the USD, this will affect the pricing offered
  • Volume – as mentioned above, market makers will protect themselves when taking large volume trades, so will often insist on wider spreads and less leverage in these cases.

What is the difference between market maker brokers and ECN/STP Brokers?

With a market maker broker, the broker itself will be the counterparty to your trade. With an ECN broker, the counterparty to your trade will be a liquidity provider from the broker’s network.

Instead of making a market and exposing themselves to the trading risk of their clients, ECN brokers act as a middleman between the trader and the members of their networks. Rather than being the counterparty to trades, ECN brokers will match trades against the best available price from their network of possible counterparties.

Because ECN brokers take no risk exposure from the trade and sit at the centre of a web of ruthless supply and demand forces, spreads are generally very tight and trade execution speeds are often much quicker. But ECN brokers will charge commission on every trade they match – making them an expensive proposition for smaller account sizes.

Should I trade with a Market Maker?

Many traders are wary of working with market maker brokers, as they feel that there is an inherent conflict of interest in the business model. But well-regulated market makers will always offer a fair price. They cannot alter the pricing too much one way or the other before they open themselves up to arbitrage risk (the risk of traders making a profit by trading the discrepancies in pricing).

Furthermore, market makers in Europe, the UK and Australia will have strict requirements placed on them by regulators committing them to ensuring best execution of trades. Under this rule, it is illegal for market makers to skew trades to damage a client’s position.

If you are trading with a well-regulated market maker, the only real discussion to be had when considering trading through them or not is the style of broker you prefer. If you want tighter spreads and can afford commission on your trades, then an ECN broker may best – but for many retail Forex traders, this will be an unreasonable expense. It is also worth noting that many market maker brokers also offer very tight spreads and excellent all-round trading conditions.

How We Rate Market Maker Brokers

When we consider which market maker brokers are suitable for recommendation, we always look at the same factors. Each of these factors has the potential to radically alter your trading experience, and it is especially important for new traders to have trading conditions good enough to learn without being wiped out.

Regulation

Regulators ensure that market makers host a fair and transparent trading environment, all the while conducting strict auditing oversight and ensuring client fund protection. Brokers that are regulated by more than one major regulator are considered more trustworthy.

The major regulators are:

These international regulators are respected for their commitment to consumer protection, strong oversight and swift enforcement of sanctions on fraudulent brokers. They also all publish warning lists of unauthorised firms, so it is worth checking these before signing up with a broker:

FCA Warning List
ASIC Banned and Disqualified Register
CySEC Warnings

All market makers regulated by one or more of these regulators will be a fair and secure firm to do business with.

Trading Conditions

It is important to choose a market maker with the trading conditions that will support your trading strategy. Think about how much leverage you want to have available; keeping it low (100:1 or less) is a good idea if you are still learning how to trade. Also, consider what account currencies are supported by the broker and what currency pairs you want to trade, you do not want to be spending a fortune in conversion fees.

Other trading conditions to consider will be how tight the spreads are on the currency pairs you will want to trade, and what other assets are available that you may want to trade. Most Forex brokers will also offer CFD trading on commodities (such as oil, gas, etc.), precious metals (gold, silver, etc.), indices (FTSE, DAX, NYSE) and cryptocurrencies.

Account Types

Consider the different account types on offer at your broker, most market makers offer swap-free Islamic accounts, and all will offer demo accounts to practice with – the best demo accounts are unlimited and exactly simulate the real market.

Other popular account types are copy trading and social trading accounts. These will allow you to copy successful traders, who will then take a cut of your profits. A similar idea is the PAMM (Percentage Allocation Money Management) account, which is a pooled money operation, where the members of the money pool can choose what proportion of their account they want to allocate to a certain trader.

Trading Platforms

It is important to carefully choose a trading platform and find a broker that supports that platform. MetaTrader 4 (MT4) is a safe choice as it’s the industry standard and there is a multitude of online tutorials, though it is gradually being replaced with MetaTrader 5 – which has a more modern look and feel and has many features missing from MT4.

Market makers will not offer cTrader, as this is an ECN-only platform, but many will have their own in-house platforms, most of which are designed with new traders in mind so are easy to learn and have a more intuitive layout.

Broker Fees

We always check for additional broker fees that may be charged and so should you.

Market makers generally make their money from the spread, but some will also charge additional fees to further boost their profits. The most common charge is withdrawal fees, and it is good practice to always ask your broker if and how much they charge for withdrawing from your account. Generally, withdrawals fees are cheaper or non-existent when using online payment systems (such as Skrill) are used for funding your account.

We always highlight any extra fees charged by brokers in our reviews and will penalise brokers with extortionate fees.

Customer Service

Customer service is in your native language is important and many brokers offer full support in multiple languages. The best customer service will be available by live chat, email, messaging apps and over the phone. Many brokers will also offer a call-back service, so you do not have to make expensive international calls.

Good market makers offer customers support 24 hours a day, Monday-Friday and a rare few will also offer weekend service. If you are new to Forex trading you will want a broker with responsive technical support and customer support representatives with an in-depth knowledge of their products and platforms.

Education and Research

Forex education is especially important for new traders, many of the larger market maker brokers offer excellent structured Forex courses for beginners and a few will also have courses covering more advanced topics, like strategies and indicators. If you want to be a successful Forex trader you will never stop learning, so having a broker with excellent educational resources will essential.

Alongside educational support, a good broker will also have an in-house research team offering insightful market analysis on a daily, if not hourly, basis. Some market makers will leave market analysis to third-party companies such as Trading Central or TradingView – while these applications are both very useful, we find that brokers with their own analysis teams often provide better market research ideas and more useful information for new traders.

Which is the best market maker broker?

Avatrade is the best market maker broker. It is well-regulated, offers a wide range of financial instruments for trading, has a low minimum deposit, and offers tight spreads with no commissions.

Final Word

Market makers are often unfairly blacklisted by many members of the Forex CFD trading community; the truth is that well-regulated market makers are an essential part of the Forex market. By committing themselves to be counterparty to any trade they provide much-needed stability, both in terms of liquidity and in terms of market function.

With the current regulations in place, it is also impossible for market makers to work against their clients – even if they wanted to ruin their reputation and open themselves up to arbitrage in this fashion.

It is worth noting that while well-regulated market makers are trusted members of the Forex market and essential for its function, there are many unregulated (or very poorly regulated) market makers that do not behave as ethically. Therefore, it is critical that you always trade with a market maker you trust – one that has a good track record and has oversight from a major regulator.

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. Forex and CFD transactions involve high risk due to the following factors: Leverage, market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection. Traders should not deposit any money that is not considered disposable income. Regardless of how much research you have done or how confident you are in your trade, there is always a substantial risk of loss. (Learn more about these risks from the UK’s regulator, the FCA, or the Australian regulator, ASIC).

Our Rating & Review Methodology

Our overall Forex Rankings report and Directory of CFD Brokers to Avoid are the result of extensive research on over 180 Forex brokers. These resources help traders find the best Forex brokers – and steer them away from the worst ones. These resources have been compiled using over 200 data points on each broker and over 3000 hours of research. Our team conducts all research independently: Testing brokers, gathering information from broker representatives and sifting through legal documents. Learn more about how we rank brokers

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

 

Vanessa Marcos
Financial Writer

Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.

 

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