Biggest Market Maker Brokers in Forex for 2025

We found 11 online brokers that are appropriate for Trading Forex Brokers.

Biggest Market Maker Brokers in Forex Guide

Analysis by Andrew Blumer, Updated Last updated – September 11, 2025

Biggest Market Maker Brokers in Forex

Understanding the market makers' role is pivotal for novice and experienced traders in the vast and intricate Forex trading world. Market makers trade currencies within the foreign exchange market, acting as intermediaries between retail traders and the dynamic realm of Forex. However, as traders venture into this domain, it's essential to recognize that accounts can lose money.

A key player in this landscape is the forex market maker broker, a central figure that impacts traders' experiences significantly. Brokers trade currencies, offering access to foreign exchange pairs through trading forex and CFDs (contracts for difference). They operate within the vast forex trading platforms and are vital to the financial markets. Understanding the dynamics of market makers and brokers, their roles, and the trading services they provide can be instrumental in making informed decisions.

In our researched guide, we will delve into the world of market maker brokers, examining their functions, strategies, and the advantages and disadvantages of trading with them. Whether you're an advanced trader or just starting, grasping the intricacies of market makers and evaluating the best forex brokers is crucial for navigating the financial markets successfully.

Who are the biggest Forex brokers, and what distinguishes them from other market participants?

Regarding the biggest brokers in Forex, several prominent names stand out. These brokers are market makers, facilitating forex trading by providing buy and sell quotes for currency pairs. Here are some of the largest market maker brokers in Forex:

  1. IC Markets: IC Markets is known for its global presence and extensive market coverage, making it one of the largest market maker brokers. They offer a broad range of forex pairs and trading options.

  2. eToro: eToro has amassed a huge number of users (30 million) some of which trade Forex. eToro is recognized for its user-friendly trading platforms and is a major player in the Forex market. They provide traders with access to a variety of currency pairs.

  3. XTB: XTB offers a comprehensive trading platform and a broad range of forex products. They cater to both retail and institutional traders.

  4. RoboForex: RoboForex is a well-established market maker broker with a global reach. They offer a selection of forex pairs and trading tools.

Your capital is at risk when trading with one of the above Forex brokers. You must understand the risks of financial loss when trading live volatile financial markets.

What distinguishes these market-maker brokers from other market participants are their roles as intermediaries between traders and the interbank market. Market maker brokers provide liquidity to traders, allowing them to execute trades quickly. They profit from the spread, the difference between their buy and sell prices. While market makers ensure liquidity, they may also be on the other side of a trader's trade, potentially leading to conflicts of interest.

How do market maker brokers function in the Forex market, and how do they facilitate trades?

Market maker brokers play a crucial role in the Forex market, facilitating trades for retail traders. Here's how their functioning and role unfold:

  1. Price Quotation: Market maker brokers continuously quote prices for various currency pairs. These quotes include buying (bid) and selling (ask) prices. They ensure that there are readily available prices for traders to execute trades.

  2. Providing Liquidity: Market makers act as liquidity providers. They stand ready to purchase or sell a currency pair at the quoted prices. It ensures that traders can enter and exit positions without delay, even in highly liquid markets.

  3. Risk Management: Market makers manage their risk by hedging their exposure in the interbank market. It allows them to offer competitive spreads to retail traders while ensuring they don't take on excessive risk.

  4. Conflict of Interest: Market makers may oppose a trader's position. When a trader profits, the market maker incurs a loss, and vice versa. It can cause a discerned conflict of interest, as the market maker's profit is tied to traders' losses.

What are the advantages and disadvantages of trading with market maker brokers in Forex compared to other brokers?

Trading with market maker brokers offers both advantages and disadvantages, making it essential for traders to consider their options:

Advantages:

  1. Liquidity: Market makers ensure liquidity in the Forex market, allowing traders to execute trades quickly, even in volatile conditions.

  2. Accessibility: Market maker brokers are often accessible to retail traders with lower capital requirements, making them suitable for beginners.

  3. Fixed Spreads: Market makers typically offer fixed spreads, allowing traders to know the cost of trading in advance.

Disadvantages:

  1. Conflict of Interest: Market makers may take the opposing side of a trader's position, potentially leading to a conflict of interest.

  2. Requotes: During periods of high volatility, market makers may offer requotes, altering the execution price.

  3. Limited Transparency: Some traders prefer the transparency offered by ECN brokers, where orders are routed directly to the interbank market.

  4. Higher Spreads: While market makers offer fixed spreads, these spreads may be wider than those in the interbank market, potentially increasing trading costs.

  5. Stop Loss Hunting: There have been allegations of market makers hunting for stop-loss orders to trigger them intentionally, causing losses for traders.

Ultimately, the choice between market maker brokers and other types of brokers depends on a trader's preferences, risk tolerance, and trading strategy.

Can you provide insights into the trading strategies employed by market maker forex brokers?

Market maker forex brokers employ various strategies to manage risk and maintain liquidity. Here are some insights into their trading strategies:

  1. Risk Hedging: Market makers use the interbank market to hedge their exposure. If they have many buy orders for a currency pair, they may hedge by selling in the interbank market to mitigate potential losses.

  2. Spread Management: Market makers aim to profit from the spread, so they carefully manage the difference between the bid and ask prices. They adjust spreads based on market conditions.

  3. Aggregation: Market makers aggregate orders from retail traders to create larger positions in the interbank market. This aggregation allows them to achieve better pricing and reduce risk.

  4. Algorithmic Trading: Some market makers use algorithms to execute trades and manage risk more efficiently.

  5. Monitoring Market Sentiment: Market makers monitor market sentiment and news events to anticipate potential shifts in demand and adjust their pricing accordingly.

It's important to note that while market makers employ these strategies, they act as intermediaries, providing liquidity to retail traders.

How do market makers ensure liquidity in the forex market, and what are the implications for traders?

Market makers ensure liquidity in the forex market through several mechanisms:

  1. Continuous Quoting: Market makers continuously provide buy and sell quotes for various currency pairs. It ensures that there are always available prices for traders to execute trades.

  2. Hedging: Market makers hedge their positions in the interbank market. When an investor buys a currency pair, the market maker may sell that pair in the interbank market to offset its exposure.

  3. Aggregation: Market makers aggregate orders from multiple retail traders, creating larger positions that they can hedge more efficiently in the interbank market.

  4. Risk Management: Market makers carefully manage their risk exposure, adjusting their pricing and spreads based on market conditions to avoid excessive risk.

These mechanisms mean traders can enter and exit positions quickly, even in highly liquid markets. However, it's important to be aware of potential conflicts of interest, as market makers may take the opposite side of a trade.

What should retail traders consider when choosing the best market maker forex broker?

The right market maker forex broker is crucial for retail traders. Here are considerations for making an informed choice:

  1. Reputation: Research the broker's reputation and history. Look for reviews and testimonials from other traders.

  2. Regulation: Ensure that a reputable financial authority regulates the broker. It provides a level of protection for traders.

  3. Trading Costs: Consider spreads and other fees. While market makers offer fixed spreads, compare them to ensure competitive pricing.

  4. Trading Platform: Evaluate the broker's trading platform. It should be user-friendly, stable, and offer the tools you need.

  5. Customer Support: Test the broker's customer support responsiveness and effectiveness.

  6. Account Types: Check if the broker offers account types that match your trading style and capital.

  7. Execution Speed: Look for a broker with fast and reliable order execution.

  8. Risk Disclosure: Ensure that the broker provides clear risk disclosure statements, as transparency is crucial.

  9. Educational Resources: Consider brokers that offer educational resources for traders to improve their skills.

  10. Demo Account: Use a demo account to test the broker's platform and services before committing real funds.

By carefully considering these factors, retail traders can select a market maker forex broker that aligns with their trading needs and goals.

What risk management tools and strategies can traders employ when trading with market maker brokers?

Risk management is essential when trading with market maker brokers. Here are tools and strategies traders can employ:

Tools:

  1. Stop-Loss Orders: Stop-loss orders must be part of a live Forex trading risk management strategy.

  2. Take-Profit Orders: Use take-profit orders to limit loss and retain and gains with current live Forex trading positions.

  3. Risk-Reward Ratio: Calculate and maintain a favourable live Forex trading risk to reward ratio.

  4. Position Sizing: Calculate your live Forex position size with your risk of financial loss.

Strategies:

  1. Diversification: Avoid concentrating all capital in a single trade or currency pair.

  2. Hedging: Consider using hedging strategies to offset potential losses in adverse market conditions.

  3. Technical and Fundamental Analysis: Employ analysis techniques to make informed trading decisions.

  4. Trading Plan: Develop a well-defined trading plan that includes risk management rules.

  5. Emotion Control: Keep emotions in check and avoid impulsive decisions.

  6. Monitoring: Continuously monitor open positions and adapt to changing market conditions.

Effective risk management is crucial for long-term success when trading with market maker brokers.

How do market maker brokers establish fixed spreads, and how does this impact the cost of trading for retail investors?

Market maker brokers establish fixed spreads based on various factors:

  1. Interbank Market: Market makers use the interbank market as a reference point for pricing. They consider the spreads in the interbank market when setting fixed spreads for retail traders.

  2. Market Conditions: Fixed spreads may vary depending on market conditions. During high volatility, spreads could widen to reflect increased risk.

  3. Competition: Competition among market makers can influence the competitiveness of their fixed spreads.

The impact of fixed spreads on the cost of trading for retail investors is as follows:

Advantages:

  1. Predictability: Fixed spreads offer predictability as traders know the cost of trading in advance.

  2. Stability: Even in volatile market conditions, fixed spreads remain stable, preventing unexpected cost increases.

Disadvantages:

  1. Higher Costs: Fixed spreads tend to be slightly higher than variable spreads in the interbank market during normal market conditions. It means traders may pay slightly more per trade.

In summary, fixed spreads provide predictability but may come at a slightly higher cost than variable spreads.

What are the key differences between market maker brokers and ECN brokers, and how do these differences affect traders?

Market maker brokers and ECN (Electronic Communication Network) brokers have distinct differences that impact traders:

Market Maker Brokers:

  1. Act as Counterparties: Market makers may take the opposing side of a trader's position.

  2. Fixed Spreads: They offer fixed spreads, providing predictability.

  3. Conflicts of Interest: There can be perceived conflicts of interest, as market makers profit when traders lose.

ECN Brokers:

  1. No Conflict of Interest: ECN brokers do not act as counterparties and have no conflict of interest.

  2. Variable Spreads: Spreads vary based on market conditions and liquidity.

  3. Direct Market Access: Traders have direct access to the interbank market.

  4. Transparent Pricing: Pricing is transparent, as traders see the best bid and ask prices.

The choice between market makers and ECN brokers depends on a trader's preferences. ECN brokers offer greater transparency and no conflict of interest but may have variable spreads, while market makers provide fixed spreads and accessibility to retail traders.

Can you recommend reputable online brokers that are considered market maker brokers in Forex, and what criteria should traders use to evaluate them?

Reputable market maker forex brokers include IG Group, OANDA, Saxo Bank, and FXCM. To evaluate such brokers, consider these criteria:

  1. Regulation: Ensure the broker is regulated by a reputable authority.

  2. Trading Costs: Compare spreads and fees to ensure competitive pricing.

  3. Trading Platforms: Evaluate the trading platform's features, stability, and user-friendliness.

  4. Customer Support: Test customer support responsiveness.

  5. Account Types: Check if the broker offers account types that suit your trading style.

  6. Risk Disclosure: Ensure the broker provides clear risk disclosure statements.

  7. Educational Resources: Look for brokers offering educational materials.

  8. Demo Account: Use a demo account to test the broker's platform.

By assessing brokers against these criteria, traders can select a reputable market maker broker that aligns with their needs and goals.

Forex trading presents a diverse landscape of market-maker brokers, each with unique characteristics. These market makers are pivotal in ensuring liquidity in the Forex market, connecting retail traders to the vast currency exchange arena. While they provide opportunities for traders to engage in the forex market, it's crucial to acknowledge that trading involves risks.

Biggest Market Maker Brokers in Forex Verdict

Retail investors can access forex trading through various brokerage firms and trading platforms. It's essential to carefully consider trading strategies and risk management tools to navigate this dynamic market successfully. Seasoned traders may focus on major forex pairs and leverage the services of reputable brokers, while beginners should approach forex trading cautiously, seeking educational resources to build their knowledge.

Ultimately, the choice of a market-maker broker in Forex should align with individual trading goals and preferences. With a liquid market, diverse assets, and competitive pricing, traders can find suitable opportunities to participate in the Forex market, provided they approach it with the necessary knowledge and prudent risk management.

We have conducted extensive research and analysis on over multiple data points on Biggest Market Maker Brokers in Forex to present you with a comprehensive guide that can help you find the most suitable Biggest Market Maker Brokers in Forex. Below we shortlist what we think are the best Forex Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Biggest Market Maker Brokers in Forex.

Reputable Biggest Market Maker Brokers in Forex Checklist

Selecting a reliable and reputable online Forex Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Forex Brokers more confidently.

Selecting the right online Forex Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Forex Brokers in Our Brokerage Comparison Table

When choosing a broker for Forex Brokers trading, it's essential to compare the different options available to you. Our Forex Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a Forex Brokers broker that best suits your needs and preferences for Forex Brokers. Our Forex Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Forex Brokers of 2025 compared

Here are the top Forex Brokers.

Compare Forex Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Brokers broker, it's crucial to compare several factors to choose the right one for your Forex Brokers needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are Forex Brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Forex Brokers that accept Forex Brokers clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
Regulation Seychelles Financial Services Authority (FSA) (SD018) RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)
Min Deposit 200 10 50 No minimum deposit 5 No minimum deposit 100 100 25 No minimum deposit 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 200,000+ 730,000+ 35,000,000+ 1,000,000+ 10,000,000+ 400,000+ 400,000+ 200,000+ 250,000+ 60,000+ 7,800,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
Platforms MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
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spreadex
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Risk Warning Losses can exceed deposits Losses can exceed deposits 61% of retail investor accounts lose money when trading CFDs with this provider. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk 65% of retail CFD accounts lose money 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
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easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


All Forex Brokers in more detail

You can compare Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Forex Brokers for 2025 article further below. You can see it now by clicking here

We have listed top Forex Brokers below.

Biggest Market Maker Brokers in Forex List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 200000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Seychelles Financial Services Authority (FSA) (SD018)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 730000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 35000000+ traders. 61% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd
Pepperstone
(4/5)
Min deposit : 0
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018)
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. 65% of retail CFD accounts lose money SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 7800000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)

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Losses can exceed deposits
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Losses can exceed deposits