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)|
Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.
fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.
While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.
This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.
Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.