A market maker is an entity in the foreign exchange industry that helps provide a bridge between retail customers (both institutional and individual) and the market. Setting their own prices and drawing their profits from the spreads they offer, market makers have both positive and negative points.
In a nutshell, a market maker is a Forex broker that creates its own exchange rates and publishes them with a bid and asking price. The difference between the two prices is known as the spread and it’s this discrepancy that allows them to make a profit. Market makers also act as counterparties to each FX trade made through their platform, which means that they must take the opposite side to their customers. For example, if a user sells then a market maker must buy, but if they user wants to buy then the market maker must sell.
To help serve their own interests a market maker will base its prices on a range of factors, including: its overall profit expectations, the current market conditions and the prices of other market makers. Because the FX industry is becoming increasingly competitive it’s now possible to find much better trading conditions than was once possible and for this reason fxBrokerSearch.com compiled a list of top market markers.
Drawing on our experience of the market, plus the views of active traders, we’ve out together an extensive list of FX brokers that are classed as market makers. Outlining their vital statistics and features, we’re able to show traders exactly which company to use based on their needs. Indeed, no matter whether they are novice trader or a seasoned investor looking for a fresh platform, we’ve got it covered.
While some sites will encourage their users to play the foreign exchange through an ECN, there are still plenty of deals to be found in our list of market makers. Because we’ve reviewed more than 200 sites we’re able to cut through any marketing bluster and simply present the important facts. Couple that with our dedicated news section and comparison tool and it's extremely easy for a trader to find the perfect market maker.
|Best Market Makers|
|Name||eToro||Forex Broker Inc.||RoboForex||iFOREX||Forex4you||XEMarkets||Admiral Markets||Easy-Forex||Saxo Bank||Forex.com|
|Visit Site||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up|
|Spread - EUR/USD||3.00||0.70||2.00||3.00||2.00||1.90||1.00||4.00||2.00||1.60|
|Spread - GBP/USD||4.00||0.70||3.00||4.00||3.00||2.60||2.00||5.00||3.00||2.60|
|Accept US Traders||No||Yes||No||No||No||No||No||No||No||Yes|
|Name||eToro (Europe) Ltd||Noble Services||-||Formula Investment House Limited||E-Global Trade & Finance Group, Inc.||Trading Point of Financial Instruments Ltd.||Admiral Markets||Easy-forex||Saxo Bank||GAIN Capital Group|
|Regulation Authority||CySEC (Cyprus)||-||-||-||FCA (UK), FSC (BVI)||CySEC (Cyprus)||ASIC (Australia), FSA (Estonia)||ASIC (Australia), CySEC (Cyprus)||SFC (Hong Kong), FCA (UK) FSA (Japan), FSA (Denmark) FINMA (Switzerland), CNMV (Spain) ACP (France)||NFA (US), CFTC (US) SFC (Hong Kong), ASIC (Australia) FCA (UK), FSA (Japan) SEC (US), IIROC (Canada) FINRA (US)|