Forex

Forex Market Makers

In forex trading most deals are conducted over-the-counter (OTC). A forex broker acting like market maker quotes both a bid and a ask price in a currency pair. The broker sells to its clients when they want to buy and buys from its clients when they want to sell. It makes money through the  bid-ask spread.
 
Market maker's Advantages:
 
- Most MM forex brokers offer bonuses on deposit.
- Quotes usually are "smoother" and less volatile than raw ECN/STP prices
 
Market maker's Disadvantages:
 
- Market makers may trade against you, making money when you lose. Conflict of interest appears.
- MM Brokers may manipulate their price feed, hunting for your stops or preventing your take profit orders from executing.
- Some of them discourage scalping and arbitrage trading strategies, putting scalpers' account in "manual execution" mode.
 
Below is a list of market making forex brokers. Most of them offer ECN/STP/NDD accounts as well.
 
More forex broker types: ECN Forex brokers

 



Forex Market Makers

Broker Country Regulation Platforms Min.deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
US, UK, Canada, Australia, Japan, Singapore CFTC/NFA, FCA, ASIC MT4, Web,
fxTrade
$1 Review
UK FCA MT4, xStation $1 Review
UK FCA MT4, AT Pro,
Advantage Web
£100 Review
US, UK, Australia, Canada, Japan CFTC/NFA, FCA, ASIC MT4, Web,
ForexTrader,
Tradable
$50 Review
Ireland, Australia, Japan, South Africa ASIC, Central Bank of Ireland MT4, AvaTrader $100 Review
Denmark, UK FSA, FCA, ASIC Web, SaxoTrader $10 000 Review
Dominica No MT4, cTrader $1 Review
Greece HCMC MT4 $300 Review Website
UK FCA MT4 $200 Review
Cyprus CySEC MT4 $250 Review
Cyprus CySEC Libertex $250 Review Website
Malta MFSA MT4, Web,
Mirror Trader,
MTXtreme
$1 Review
UK, Australia, New Zealand FCA, ASIC, FMA Next Generation $25 Review
UK, Cyprus, Australia FCA, CySEC, ASIC Web, Mobile $100 Review
BVI FSC VT Trader $250 Review
New Zealand FMA MT4, Kiwi
Trader
$1 Review
UK FCA MT4, WebTrader $1 Review
UK FCA MT4, AT
Pro,Advantage
Web
£100 Review
UK FCA MT4, Vertex $20 000 Review
Marshall Islands, Cyprus CySEC MT4, MT5 $10 Review
UK FCA Web - Review
Cyprus, Russia, Belarus CySec, CBR, NBRB MT4, Rumus,
StartFX,
Libertex
$31 Review
Cyprus CySEC, FSB Sirix Web,
Mobile
$100 Review
Cyprus, BVI CySEC, BVIFSC Proprietary $100 Review
Cyprus N/A MT4, Web $50 Review
$100 Review
UK FCA Web, DF Trader $1 Review
Malta MFSA MT4, TMS Trader $1 Review
Switzerland FINMA Advanced Trader $1 Review
Mauritius, Cyprus FSC, CySEC MT4, MT5 $5 Review
Australia, New Zealand ASIC, FMA MT4, Web,
MahiFX
$1 Review
Cyprus CySec MT4 $200 Review
BVI FSC MT4, MT5,
cTrader
$300 Review
Czech Republic CNB MT4, MT5 $1 Review
Belize IFSC MT4 $2 Review
UK FCA MT4,
DealingScreen,
Currenex
$500 Review
Georgia, SVG No MT4, Web $1 Review
Australia ASIC MT4 $100 Review
UAE, Hong Kong Central Bank of UAE MT4, Orex Prime $100 Review
UK FCA MT4, Core
Trader
$10 Review
UK FCA MT4 $250 Review
UK FCA MT4, MT5 Review
UK, Cyprus FCA, CySEC MT4 $300 Review
Malta MFSA MT4, Web, NSFX
Pro
$300 Review
Belize, SVG IFSC MT4, MT5, Web $1 Review
Belize IFSC, FSC MT4, Web,
xStation
$20 Review
Cyprus CySEC MT4 $250 Review
Cyprus CySEC MT4, ParagonEx
Web Trader
$100 Review
UK FCA MT4, EqlTrader $50 Review
UK FCA MT4 $500 Review
Cyprus CySEC MT4, Web $2000 Review
Cyprus CySEC MT4, Web $200 Review
Cyprus CySEC MT4, PROfit $200 Review
UK FCA in-house $250 Review
Cyprus CySEC MT4 $250 Review
Cyprus CySEC eToro
WebTrader,
eToro OpenBook
$50 Review
Cyprus CySEC MT4, xStation $250 Review
Australia ASIC MT4 $300 Review
Cyprus CySEC MT4 $1000 Review
Bulgaria FSC MT5 $100 Review
Cyprus, Germany CySEC, BaFin MT4, Web $1 Review
UK FCA in-house £50 Review
Cyprus CySEC Stone Edge
platform
N/A Review
Cyprus CySEC MT4, Sirix $100 Review
Cyprus CySEC MT4, Sirix web $100 Review
Indonesia BAPPEBTI MT4, MT5 $500 Review
Cyprus CySEC MT4, Web $200 Review
Gibraltar GFSC MT4, Web $50 Review
Cyprus Cysec MT4, WebTrader $250 Review
Lebanon, Cyprus CBL, CySEC MT4 Review
Cyprus CySEC MT4 $100 Review
Indonesia BAPPEBTI MT4 $1 Review
St. Vincent and the Grenadines No MT4 $1 Review
New Zealand FMA MT4, Web $250 Review
Nigeria FinaCom MT4, xStation $100 Review
UK FCA MT4, Web $250 Review
Cyprus CySEC MT4 $1 Review
USA. New Zealand FMA MT5 $200 Review
South Africa FSB MT4, CloudTrade R5 000 Review
SVG FSA MT4, Web $100 Review
Cyprus, Belize CySEC, IFSC MT4, Sirix web $5 Review
UAE N/A MT4 $10 Review
Cambodia SECC MT4 $2,000 Review
Canada IIROC MT4,
QuestradeFX
$1000 Review
Russia Central Bank of Russia MT4, MT5, Web $1 Review
Australia, Cyprus ASIC, CySec WebTrader,
XTRADE
$100 Review
South Africa FSB MT4, Web R5 000 Review
SVG N/A MT4 $10 Review
BVI FSC MT4 $1 Review
Vanuatu N/A MT4, Web $200 Review
Belize IFSC MT4 $1 Review
SVG N/A MT4 $100 Review
Philippines N/A MT4 $250 Review
SVG N/A MT4 $50 Review
Vanuatu N/A MT4 $1000 Review
Belize N/A MT4, MT5,
cTrader
$5 Review
UK N/A MT4 $20 Review
Australia ASIC MT4, Mirror
Trader
, PROfit
$500 AUD Review
Cyprus CySEC MT4, Sirix $1000 Review
SVG N/A MT4, SFX Web $300 Review
Vanuatu N/A MT4 $1 Review
UAE N/A MT4 $10 Review
UK, New Zealand N/A Web $100 Review
Dominica N/A MT4, Sirix web $1000 Review
SVG N/A MT5 $1 Review
BVI FSC MT4 $10 Review
Vanuatu VFSC MT4 $10 Review
Cyprus N/A MT4, Sirix $100 Review
Belize IFSC MT4, Scope GT $500 Review
SVG N/A MT4 $10 Review
Vanuatu VFSC Proprietary web $100 Review
Vanuatu VFSC MT4 $500 Review
Vanuatu, SVG VFSC, FSA MT4, Web $200 Review
Greece Hellenic Capital Market Commission MT4, Sirix web $1000 Review
N/A N/A MT4 $1 Review
Russia N/A MT4 $100 Review
Ukraine N/A MT4 $10 Review
Vanuatu VSCF MT4, Web $1 Review
SVG N/A MT4 $100 Review
Vanuatu VFSC MT4, Web $100 Review
Ukraine N/A MT4 $200 Review
SVG N/A MT4, Web $100 Review
Cyprus CySEC (license suspended) MT4, MT5 $100 Review
Vanuatu VFSC MT4 $100 Review
Vanuatu VFSC MT4 $100 Review
Marshall Islands N/A In-house web
& mobile
$100 Review
UK N/A MT4 $100 Review
Not disclosed No MT4 $1 Review
UK N/A MT4, MT5 $200 Review
Dominica N/A MT4 $10 Review
Belize N/A MT4 $500 Review
Hong Kong N/A MT4, Copy
trading
platform
$100 Review
Vanuatu VFSC MT5 $50 Review
UAE N/A MT4 $50 Review
UK N/A MT4, Web $250 Review
UK N/A MT4 $100 Review
Labuan, Malaysia N/A MT4 $30 Review
Cayman Islands N/A SoloTrader $1 Review
BVI N/A MT4, MT5 $100 Review
Mauritius FSC ActTrader $100 Review
UK, Bulgaria N/A Proprietary web $500 Review
UK No MT4 $200 Review
Vanuatu N/A MT4, Web $5000 Review
Dominica N/A MT4 $2000 Review
UK N/A Sirix $500 Review
UAE N/A MT4, MT5 $500 Review
UK N/A MT4, Web $250 Review
N/A N/A MT4 N/A Review
SVG FSA MT4 $10 Review
Dominica N/A No info $250 Review
Marshall Islands, UK N/A Sirix web $500 Review
UK N/A MT4 $100 Review
SVG N/A MT4 $250 Review
SVG N/A MT4 $1 Review
N/A N/A MT4 $1 Review
Saint Vincent and The Grenadines N/A MT4 $500 Review
British Virgin Islands N/A Web, Utip Review
Vanuatu VFSC MT4, Web $1 Review
Belize IFSC MT4, Sirix $100 Review
UK, Marshall Islands N/A MT4, Web $200 Review
Mauritius N/A MT4 $500 Review
Forex

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