Top10 Best Forex Market Maker Brokers 2020 list

Filippo Last Updated: October 2020 8 min read
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Are you looking for the best forex Market Maker brokers of 2020? We can help you to find out which of these to open your trading account with.

Here’s the list you are looking for.

Since a broker market maker style artificially creates a market (for you to trade in), in many cases the broker themselves are the counterpart of your order. We believe that one of the most important characteristics for a good market maker broker is transparency.

In this regard then, we believe that the best choices can be made by choosing from some of the most famous and reputable forex brokers. These are brokers that, more than others, have a lot to lose in the event of incorrect or unclear behaviour.

That, and your positive trading experience, are the reasons behind our choices.

Discover now our Top 10 of the best market maker brokers for forex of 2020.

Table of contents

Best Forex Market Makers Brokers of 2020

Here’s our list of market maker forex brokers.

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79% of retail investor accounts lose money

1. AvaTrade

AvaTrade was founded and currently has its headquarters in Dublin, Ireland. AvaTrade specializes in forex trading but, like all brokers now, and not just market makers, it also offers a wide range of CFDs. Through the well-regulated AvaTrade, you can also benefit from the choice of having fixed spreads. This is something that only a few top forex brokers tend to offer.

Trading with the broker takes place through MT4, MT5, and Webtrader with the fixed spread mentioned starting at 1.3 pips on forex markets. There are also a number of account types available to appeal to every type of trader. Their availability will vary based on your region but a spread betting account and an options trading account are typically available. The AvaTrade minimum deposit of just $100 across the board also helps to ensure that forex trading with this broker remains accessible and within budget for all.

80
Rated: Excellent
security 93
cost 74
trading 75
education 63

Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British) Minimum Deposit: 100
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72% of retail investor accounts lose money

2. Forex.com

Forex.com is part of the great American holding company Gain Capital, a leading provider of online trading services, listed on the NYSE since 2010. Forex.com, for all intents and purposes, is the trade name of Gain Capital UK.

They are a global presence around the world as far as forex brokers go with regulatory oversight in place within the US, Australia, Europe, and Singapore that encompasses some of the most trusted bodies in the sector like CySEC, and ASIC. As a trader you can look forward to trading with competitive spreads starting from 0.8 pips on a wide range of markets with fixed spreads only offered on commodities. Trading also takes place on the familiar and trustworthy MT4, MT5, and Webtrader platforms. The minimum deposit for trading starts from $50 and you can choose between a standard, commission-based, or DMA account type depending on your needs.

76
Rated: Excellent
security 97
cost 52
trading 61
education 100

Platforms: MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform Regulations: FSA, FCA, CFTC, MIFID-ESMA, IIROC, SFC Minimum Deposit:
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76% of retail CFD accounts lose money

3. IG Markets

A famous British broker, based in London, IG Markets can boast of being active since 1974, initially as a spread betting broker. In the following years IG Markets has expanded in market maker forex trading and CFD trading. They now offer a huge variety in terms of trading instruments with more than 16,000 CFDs available. Most of these are as shares in top global companies. There are also more than 90 forex pairs available.

The spread on trading with IG Markets also remains highly competitive with a starting point of just 0.6pips. Beyond the traditionally available markets, IG also offers vanilla options and barriers for trading. Barriers are low-risk leveraged instruments. In all, there is something to suit new and experienced traders here. You can fund your account with a $300 minimum deposit and DMA and CFD account types are available. All trading goes through the MT4 platform.

80
Rated: Excellent
security 98
cost 50
trading 72
education 100

Platforms: Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSCA, DFSA Minimum Deposit:
Open an account
73.5% of retail investor accounts lose money

4. Oanda

A famous Canadian broker, but operating worldwide, Oanda was co-founded in 1996 by Michael Stumm, a professor at the University of Toronto, and Richard Olsen, an entrepreneur in the field of econometric research. With these premises, it’s clear why Oanda is one of the best market maker brokers.

As a trader with Oanda, you will experience the added benefit of having no minimum deposit in place. This helps make trading accessible to all. The small trading sizes that you can start with are also something that may appeal to a new trader getting to know the industry. Experienced traders too though are very well catered for with Oanda. There are more than 70 forex pairs available from a starting spread of 1 pip and all of the trading here takes place through the MT4 trading platform.

72
Rated: Excellent
security 97
cost 53
trading 51
education 100

Platforms: Proprietary Desktop Platform, Proprietary Web Platform Regulations: FSA, MAS, FCA, CFTC, MIFID-ESMA, ASIC, IIROC Minimum Deposit: $0
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75% of retail investor accounts lose money

5. EasyMarkets

EasyMarkets have been around in the forex trading industry since 2003. As a well established broker for many years, they are understandably one of the top choices for traders seeking a market maker style broker through to now. They are headquartered in Cyprus and this brings with it the comprehensive regulation of CySEC. Being an Australian founded company, they are also well regulated by ASIC.

Once you have made the $100 minimum deposit, you will be greeted with a huge selection of markets. This includes more than 120 forex pairs and at least 30 more tradable assets. There really is something to suit every trader here and all spreads are both fixed and competitive, starting from 0.9 pips. Trading as with many top brokers, takes place through the MT4 trading platform or the web app.

73
Rated: Excellent
security 96
cost 69
trading 50
education 80

Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: $100
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74-89% of retail CFD accounts lose money

6. FP Markets

FP Markets are another forex broker of Australian origin to be considered as one of the top market maker brokers with ECN/STP execution in the industry. They also have many years of experience in serving forex traders since 2005. Further lending to their positive and credible reputation is the fact they are well-regulated by both ASIC and CySEC. This means you can certainly trust FP Markets.

They offer a very low spread starting from 0 pips to accompany their known fast execution of orders. Trading here you can access several top trading platforms too. MT4, MT5, and IRESS are all available. Finally, a minimum deposit of just $100 makes them a great starting place for new traders as well as those more experienced forex traders. Something for everyone with FP Markets.

77
Rated: Excellent
security 95
cost 62
trading 70
education 71

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: ASIC Minimum Deposit: $200
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69.6% of retail investor accounts lose money

7. AxiTrader

Axitrader is an Australian broker which is part of the AxiCorp company. Founded in 2007 and based in Sydney, they offer trading with a great degree of transparency and regulation in the form of both the FCA and ASIC to forex traders making them a well-trusted option. Beyond the comprehensive regulation you can also benefit from having more than 140 CFD markets to trade in and a wide range of forex currency pairs to choose from for trading with more than 60.

Less experienced or even beginner traders may well be attracted to trade with this broker since they also offer the chance to start trading with no minimum deposit at all on either account type. This can really help open the forex trading world to everyone. Both the MT4 standard, and MT4 Pro account are available to open for traders.

84
Rated: Excellent
security 94
cost 100
trading 71
education 63

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA, Offshore Minimum Deposit: 0
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72% of retail investor accounts lose money

8. Saxo Bank

European Broker, Danish for accuracy, Saxo Bank has been operating since 1992, with headquarters in Copenhagen. The selection of Saxo products is very wide, and includes forex, shares, CFDs, futures, funds, bonds and futures. Being a bank, they are also extremely well regulated in the form of both the FCA and ASIC.

Their extensive range of markets mentioned includes assets of all types and even bonds and mutual funds trading and a huge choice of 182 forex pairs with spreads starting from 0.4pips. There are three account types to choose from with respective minimum deposits at $25,000$200,000, and $1,000,000 and trading through their own proprietary trading platform. With the higher deposit amount comes potentially better spreads and even more improved fees to lower trading costs.

76
Rated: Excellent
security 97
cost 47
trading 64
education 100

Platforms: Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, MIFID-ESMA, ASIC, SFC, FSB, DFSA, CYSEC Minimum Deposit: 2000
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74-89% of retail CFD accounts lose money

9. Roboforex

The Cypriot broker RoboForex operates as a market maker broker for its customers with Cent account, a type of account that uses cents as a unit, and therefore allows you to trade real even with tiny capital. There are a total of 5 account types available when you choose to trade with Roboforex. The minimum deposit here starts at just $10 so it is easy to see why the broker can make a popular choice with many new traders.

Not just new traders are attracted to RoboForex. The range of account types means they can also attract more experienced forex traders with the provision of ECN accounts. This market maker broker offers both MT4 and MT5 trading platforms for you to choose from as well as their own copy trading platform. There are also rebates for regular traders worldwide and an extensive bonus offering for those from outside the EU.

78
Rated: Excellent
security 95
cost 78
trading 59
education 83

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: $10
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75% of retail investor accounts lose money

10. FXDD

ForexDirectDealer, better known as FXDD, is a market maker American broker with headquarters in New York, founded in 2002.They are a broker that also offers ECN execution to traders so the speed of trading can be impressive and very efficient. FXDD are also known and trusted within Europe being regulated by the MFSA of Malta means they are fully ESMA compliant.

Trading here you will have the choice between a standard or an ECN account type with deposits starting from a competitive $250 minimum across both accounts. The trusted trading platforms of MT4, MT5, and WebTrader are made available to trade an extensive range of markets including 67 forex pairs, metals, shares, commodities, indices, energies, and crypto markets where the spread starts from a low 0.2pips.

66
Rated: Medium
security 95
cost 56
trading 38
education 80

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC, Offshore Minimum Deposit: $250

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