Best Market Maker Forex Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: September 15, 2025

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• Jump to:
• Main Features
• What Are Market Maker Brokers?
• Market Makers vs ECN Brokers
• Pros
• Cons
• Who Should Opt for Market Maker Brokers?
• Tips
• Final Thoughts
›

The Forex market has a diverse range of traders; therefore, there are different types of brokers to meet traders’ requirements. Market maker Forex brokers stand out among these for their unique approach to handling trades. Whether you are a beginner or a veteran trader, knowing how market makers operate can help you decide whether this type is the right fit for your strategy.

1. 

   Plus500 US

   Rating: 4

   This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

2. 

   eToro

   Rating: 4.2

   61% of retail investor accounts lose money

3. 

   BlackBull Markets

   Rating: 4.8

   Trading leveraged products is risky

4. 

   XM Group

   Rating: 3.8

   72.82% of retail investor accounts lose money

5. 

   IG

   Rating: 3.9

   67% of retail client accounts lose money when trading CFDs with this investment provider.

6. 

   easyMarkets

   Rating: 4

   71% of retail investor accounts lose money

7. 

   AvaTrade

   Rating: 4.7

   76% of retail investor accounts lose money

8. 

   CMC Markets

   Rating: 4.3

   67% of retail investor accounts lose money

9. 

   Exness

   Rating: 4.6

   Trading leveraged products is risky

10. 

    ActivTrades

    Rating: 3.9

    71% of retail investor accounts lose money

Below you can find a comparison table of the best Forex brokers using the market maker model. We rank them based on several factors, including regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, and deposit and withdrawal methods.

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Main features of the best market maker Forex brokers

What are market maker brokers?

Market maker brokers act as intermediaries that ‘make the market’. They provide liquidity to traders and internalise trades within their system instead of passing them directly to the interbank market. These brokers act as counterparties: they become sellers when you buy and buyers when you sell.

How are market makers different from ECN brokers?

The following comparison table clearly shows the differences between the two models.

The table above clearly shows the differences between market makers and ECN brokers. ECN brokers pass your orders directly to the market, which is why they charge low spreads and offer greater transparency. Moreover, execution speed is also higher with ECN brokers.

On the other hand, market makers have a higher but fixed spread. Requotes may therefore occur, but there is no slippage. As market makers internalise trades, they are suspected of potential manipulation due to a conflict of interest.

Pros of market maker brokers

Now that you understand what market makers are and how they differ from ECN brokers, let’s look at some of their main advantages.

1. Guaranteed liquidity

   Market makers ensure that trades are executed even during low-volume hours, making them suitable for trading when liquidity is scarce.

2. Negative balance protection

   Because trades are internalised, market maker brokers can ensure that you do not lose more than your equity, so extremely volatile markets may not harm you as severely.

3. Fixed spreads

   Although market maker brokers have higher spreads, these are fixed, which makes it easier to estimate your trading costs. With fixed spreads, no commission is charged.

4. Low minimum deposit

   Market maker brokers allow you to start trading with a very small deposit. This feature is beginner-friendly for traders who want to test their skills and gain real-time experience.

5. User friendliness

   These brokers generally offer intuitive platforms that are user-friendly for beginners and often include educational resources to help new traders develop their skills.

6. No slippage

   Because spreads are fixed, they do not change during periods of low activity or high volatility, allowing you to avoid slippage.

Cons of market maker brokers

Now let’s examine the disadvantages of market makers.

1. Higher spreads

   Although no commission is charged, spreads are higher compared with ECN brokers. Such spreads may not suit traders who place many trades during the day.

2. Requotes

   There is no slippage with market makers, but requotes may occur, meaning your order may not be filled instantly when the market moves abruptly.

3. Manipulation risk

   Since orders are internalised, these brokers could manipulate pricing to trigger your stop-loss or intentionally delay order execution.

4. Conflict of interest

   Market makers trade against their clients; they profit when traders lose. Therefore, a conflict of interest is inherent.

Who should opt for market maker brokers?

After considering the key advantages and disadvantages, let’s discuss which types of traders should choose a market maker broker.

As a beginner, you can benefit from market maker brokers. They have low entry requirements and user-friendly platforms with educational resources.

Swing traders or position traders who trade only a few times per week are less sensitive to trading costs; therefore, they can choose market maker brokers.

However, market maker brokers may not be suitable for:

Scalpers or high-frequency traders open and close several positions a day and target very small profits, such as 1-2 pips. Higher spreads and slower execution therefore do not suit these strategies.

Tips to choose a market maker broker

If you have decided to go for a market maker broker, consider the following factors:

• Regulation

  A broker must be regulated. Unregulated brokers have no accountability and traders are not safe with them.

• Credibility

  After regulation, evaluate the broker’s credibility. Check online reviews, the Trustpilot rating, and other forums where users share their experiences.

• Transparency

  The broker must operate transparently; there should be no grey areas. The broker should also be clear about deposit, withdrawal and other fees.

• Customer support

  A good broker offers responsive customer support. Live chat, email and social media channels help traders resolve any concerns.

Final thoughts

Market maker brokers are suitable for beginners and low-volume traders. They offer advantages such as fixed spreads, low minimum deposits and no slippage. However, drawbacks include a conflict of interest and limited market access. Ultimately, your choice of broker depends on your trading needs. If you wish to trade during periods of low activity, market makers may suit you because your orders will be filled regardless of volume.