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Compare Market Maker Brokers (2026)

Last updated August 14, 2026

The 16 best market maker brokers ranked side-by-side — spreads, regulation, minimum deposit, and the head-to-head matchups that matter.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Compare Top BrokersRead AvaTrade Review
Regulated brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Global

#1
AvaTrade
AvaTrade
Review
#2
Pepperstone
Pepperstone
Review
#3
XTB
XTB
Review
Full Comparison
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Last reviewed:
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By:BrokerAnalysis Research Desk
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Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Aug 2026

Our 2 top picks for Compare Market Maker

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for Compare Market Maker
AvaTrade

AvaTrade

Min. deposit $100
  • Heavily regulated across 7+ jurisdictions
  • Excellent mobile app (AvaTradeGO)
  • DupliTrade and AvaSocial copy trading
Central Bank of Ireland, ASIC (Australia), FSCA (South Africa)
Visit AvaTradeRead full review
#2 · Best alternative
Pepperstone

Pepperstone

Min. deposit $0 (Recommended $200)
  • Top-tier liquidity with frequent 0.0 pip spreads
  • Exceptional platform choice including TradingView and cTrader
  • Award-winning 24/5 customer support
ASIC (Australia), FCA (UK), CySEC (Cyprus)
Visit PepperstoneRead full review

Why these two

Both brokers are shortlisted specifically for Compare Market Maker, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.

What are the best market maker brokers in 2026?

The best market maker brokers in 2026 are led by Pepperstone, IG, XTB. They were ranked on regulation, spreads, minimum deposit, and platform support, and every figure in the comparison comes from verified broker data.

How we compare market maker brokers

Market makers quote their own prices and take the other side of your trade — no commission, wider spreads. Our current ranking starts with AvaTrade where it is available, followed by Pepperstone, XTB, and FxPro. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.

Quick Rankings

1
AvaTrade logo
AvaTrade
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2
Pepperstone logo
Pepperstone
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3
XTB logo
XTB
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4
FxPro logo
FxPro
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5
Tickmill logo
Tickmill
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How these brokers compare

12 brokers · how we rank

Side-by-side ranking of the best market maker brokers in 2026.

BrokerWithdrawalWhy This BrokerExecution TypeRegulation & fundingAction
AvaTrade4.5/5.0
0.9 pips (Standard)$1001-2 business days#9 pick for market maker: Beginners, copy traders & options enthusiasts.Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read review
Pepperstone4.8/5.0
0.0 pips (Razor) | 1.0 pips (Standard)$0 (Recommended $200)1-2 business days#1 pick for market maker: Advanced traders, automated trading & TradingView enthusiasts.NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review
XTB4.7/5.0
0.8 pips (Standard)$0Usually same day (free for >$50)#3 pick for market maker: Active European traders & stock CFD investors.Market Maker / STP
FCA (UK)KNF (Poland)CySEC (Cyprus)
Visit XTB Read review
FxPro4.4/5.0
0.0 pips (Raw+) | 1.2 pips (Standard)$1001 business day#11 pick for market maker: Professional European traders & cTrader enthusiasts.NDD / STP
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read review
Tickmill4.5/5.0
0.0 pips (Raw) | 1.6 pips (Classic)$1001 business day#10 pick for market maker: Scalpers, day traders & low-commission professionals.NDD / STP
FCA (UK)CySEC (Cyprus)FSA (Seychelles)
Visit Tickmill Read review
IG4.7/5.0
0.6 pips (Standard)$250 ($0 bank transfer)2-5 business days#2 pick for market maker: Professional traders, US traders & comprehensive market access.Market Maker (+ DMA routing available)
FCA (UK)ASIC (Australia)CFTC/NFA (USA)
Visit IG Read review
OANDA4.6/5.0
1.1 pips (Standard) | 0.1 pips (Core)$01-3 business days#4 pick for market maker: US traders, beginners & data-driven analysts.Market Maker / V2 Engine
CFTC/NFA (US)FCA (UK)ASIC (Australia)
Visit OANDA Read review
Saxo Bank4.6/5.0
0.6 pips$2,0001-2 business days#5 pick for market maker: High-net-worth investors & multi-asset traders.Market Maker / DMA
Danish FSAFCA (UK)ASIC (Australia)
Visit Saxo Bank Read review
CMC Markets4.6/5.0
0.7 pips$01-2 business days#6 pick for market maker: Advanced chartists & UK spread bettors.Market Maker
FCA (UK)ASIC (Australia)BaFin (Germany)
Visit CMC Markets Read review
Forex.com4.5/5.0
1.2 pips (Standard) | 0.2 pips (Raw)$1001-2 business days#7 pick for market maker: US traders, experienced analysts & volume traders.Market Maker + DMA
CFTC/NFA (USA)FCA (UK)ASIC (Australia)
Visit Forex.com Read review
eToro4.5/5.0
1.0 pips$10 - $200 (varies by region)2-5 business days#8 pick for market maker: Social traders, beginners & crypto enthusiasts.Market Maker
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit eToro Read review
Plus5004.3/5.0
0.8 pips$1001-3 business days#12 pick for market maker: Simple CFD trading, beginners & mobile traders.Market Maker
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit Plus500 Read review
Rank 01 · best overall
AvaTrade4.5/5.0
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#9 pick for market maker: Beginners, copy traders & options enthusiasts.
Execution Type
Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read review
Rank 02
Pepperstone4.8/5.0
Spread
0.0 pips (Razor) | 1.0 pips (Standard)
Min dep.
$0 (Recommended $200)
Withdrawal
1-2 business days
Why This Broker
#1 pick for market maker: Advanced traders, automated trading & TradingView enthusiasts.
Execution Type
NDD & STP
ASIC (Australia)FCA (UK)CySEC (Cyprus)
Visit Pepperstone Read review
Rank 03
XTB4.7/5.0
Spread
0.8 pips (Standard)
Min dep.
$0
Withdrawal
Usually same day (free for >$50)
Why This Broker
#3 pick for market maker: Active European traders & stock CFD investors.
Execution Type
Market Maker / STP
FCA (UK)KNF (Poland)CySEC (Cyprus)
Visit XTB Read review
Rank 04
FxPro4.4/5.0
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
Why This Broker
#11 pick for market maker: Professional European traders & cTrader enthusiasts.
Execution Type
NDD / STP
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read review
Rank 05
Tickmill4.5/5.0
Spread
0.0 pips (Raw) | 1.6 pips (Classic)
Min dep.
$100
Withdrawal
1 business day
Why This Broker
#10 pick for market maker: Scalpers, day traders & low-commission professionals.
Execution Type
NDD / STP
FCA (UK)CySEC (Cyprus)FSA (Seychelles)
Visit Tickmill Read review
Rank 06
IG4.7/5.0
Spread
0.6 pips (Standard)
Min dep.
$250 ($0 bank transfer)
Withdrawal
2-5 business days
Why This Broker
#2 pick for market maker: Professional traders, US traders & comprehensive market access.
Execution Type
Market Maker (+ DMA routing available)
FCA (UK)ASIC (Australia)CFTC/NFA (USA)
Visit IG Read review
Rank 07
OANDA4.6/5.0
Spread
1.1 pips (Standard) | 0.1 pips (Core)
Min dep.
$0
Withdrawal
1-3 business days
Why This Broker
#4 pick for market maker: US traders, beginners & data-driven analysts.
Execution Type
Market Maker / V2 Engine
CFTC/NFA (US)FCA (UK)ASIC (Australia)
Visit OANDA Read review
Rank 08
Saxo Bank4.6/5.0
Spread
0.6 pips
Min dep.
$2,000
Withdrawal
1-2 business days
Why This Broker
#5 pick for market maker: High-net-worth investors & multi-asset traders.
Execution Type
Market Maker / DMA
Danish FSAFCA (UK)ASIC (Australia)
Visit Saxo Bank Read review
Rank 09
CMC Markets4.6/5.0
Spread
0.7 pips
Min dep.
$0
Withdrawal
1-2 business days
Why This Broker
#6 pick for market maker: Advanced chartists & UK spread bettors.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)BaFin (Germany)
Visit CMC Markets Read review
Rank 10
Forex.com4.5/5.0
Spread
1.2 pips (Standard) | 0.2 pips (Raw)
Min dep.
$100
Withdrawal
1-2 business days
Why This Broker
#7 pick for market maker: US traders, experienced analysts & volume traders.
Execution Type
Market Maker + DMA
CFTC/NFA (USA)FCA (UK)ASIC (Australia)
Visit Forex.com Read review
Rank 11
eToro4.5/5.0
Spread
1.0 pips
Min dep.
$10 - $200 (varies by region)
Withdrawal
2-5 business days
Why This Broker
#8 pick for market maker: Social traders, beginners & crypto enthusiasts.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit eToro Read review
Rank 12
Plus5004.3/5.0
Spread
0.8 pips
Min dep.
$100
Withdrawal
1-3 business days
Why This Broker
#12 pick for market maker: Simple CFD trading, beginners & mobile traders.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit Plus500 Read review

We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.

In-Depth Broker Analysis

Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

AvaTrade logo
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100
Read Full ReviewVisit AvaTrade

AvaTrade Review Summary

AvaTrade is a multi-regulated broker with MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial access, 0.9 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Heavily regulated across 7+ jurisdictions
  • Excellent mobile app (AvaTradeGO)
  • DupliTrade and AvaSocial copy trading
Cons
  • Spreads slightly wider than ECN brokers
  • Inactivity fee after 3 months
Pepperstone logo
Our Rating
4.8/5.0
Best ForAdvanced traders, automated trading & TradingView enthusiasts
Min Deposit$0 (Recommended $200)
Read Full ReviewVisit Pepperstone

Pepperstone Review Summary

#1 on this market maker comparison, rated 4.8/5. Best positioned for: Advanced traders, automated trading & TradingView enthusiasts. Front-line verdict: Top-tier liquidity with frequent 0.0 pip spreads.

Pros
  • Top-tier liquidity with frequent 0.0 pip spreads
  • Exceptional platform choice including TradingView and cTrader
  • Award-winning 24/5 customer support
Cons
  • Educational content is good but not standard-setting
  • No proprietary mobile app (relies on MetaQuotes/cTrader apps)
XTB logo
Our Rating
4.7/5.0
Best ForActive European traders & stock CFD investors
Min Deposit$0
Read Full ReviewVisit XTB

XTB Review Summary

#3 on this market maker comparison, rated 4.7/5. Best positioned for: Active European traders & stock CFD investors. Front-line verdict: Award-winning xStation 5 proprietary platform is fast and intuitive.

Pros
  • Award-winning xStation 5 proprietary platform is fast and intuitive
  • 0% commission on real stocks and ETFs up to €100k/month
  • Publicly traded company with transparent financials
Cons
  • Phased out MT4 in many regions
  • No longer offers a raw/ECN zero-spread account format
FxPro logo
Our Rating
4.4/5.0
Best ForProfessional European traders & cTrader enthusiasts
Min Deposit$100
Read Full ReviewVisit FxPro

FxPro Review Summary

FxPro is a multi-regulated broker with MT4, MT5, cTrader, FxPro Platform access, 0.0 pips (Raw+) | 1.2 pips (Standard) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • FCA and CySEC regulated
  • cTrader integration
  • No dealing desk execution
Cons
  • $100 minimum deposit
  • Wider spreads on standard accounts
Tickmill logo
Our Rating
4.5/5.0
Best ForScalpers, day traders & low-commission professionals
Min Deposit$100
Read Full ReviewVisit Tickmill

Tickmill Review Summary

Tickmill is a multi-regulated broker with MT4, MT5, Tickmill App access, 0.0 pips (Raw) | 1.6 pips (Classic) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Ultra-low commissions at $2/lot roundturn
  • No restrictions on scalping or EAs
  • FCA and CySEC regulated
Cons
  • $100 minimum deposit
  • Limited product range outside forex
IG logo
Our Rating
4.7/5.0
Best ForProfessional traders, US traders & comprehensive market access
Min Deposit$250 ($0 bank transfer)
Read Full ReviewVisit IG

IG Review Summary

#2 on this market maker comparison, rated 4.7/5. Best positioned for: Professional traders, US traders & comprehensive market access. Front-line verdict: Publicly traded (FTSE 250) with exceptional financial stability.

Pros
  • Publicly traded (FTSE 250) with exceptional financial stability
  • Access to over 17,000 global markets
  • Industry-leading proprietary web and mobile platform
Cons
  • Does not offer MetaTrader 5 (MT5)
  • Stock CFD commissions can be high
OANDA logo
Our Rating
4.6/5.0
Best ForUS traders, beginners & data-driven analysts
Min Deposit$0
Read Full ReviewVisit OANDA

OANDA Review Summary

#4 on this market maker comparison, rated 4.6/5. Best positioned for: US traders, beginners & data-driven analysts. Front-line verdict: One of the few reputable brokers serving US retail clients.

Pros
  • One of the few reputable brokers serving US retail clients
  • Exceptional regulatory footprint globally
  • No minimum deposit required
Cons
  • Does not support MetaTrader 5 (MT5)
  • Spreads on Standard account aren't the tightest
Saxo Bank logo
Our Rating
4.6/5.0
Best ForHigh-net-worth investors & multi-asset traders
Min Deposit$2,000
Read Full ReviewVisit Saxo Bank

Saxo Bank Review Summary

#5 on this market maker comparison, rated 4.6/5. Best positioned for: High-net-worth investors & multi-asset traders. Front-line verdict: 71,000+ instruments available.

Pros
  • 71,000+ instruments available
  • Bank-grade security and regulation
  • Exceptional SaxoTraderPRO platform
Cons
  • Very high $2,000 minimum deposit
  • Premium pricing structure
CMC Markets logo
Our Rating
4.6/5.0
Best ForAdvanced chartists & UK spread bettors
Min Deposit$0
Read Full ReviewVisit CMC Markets

CMC Markets Review Summary

CMC Markets is a multi-regulated broker with Next Generation, MT4 access, 0.7 pips on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Award-winning Next Generation platform
  • 12,000+ instruments
  • No minimum deposit
Cons
  • No MT5 or cTrader
  • Inactivity fee after 12 months
Forex.com logo
Our Rating
4.5/5.0
Best ForUS traders, experienced analysts & volume traders
Min Deposit$100
Read Full ReviewVisit Forex.com

Forex.com Review Summary

Forex.com is a multi-regulated broker with Forex.com Platform, TradingView, MT4, MT5 access, 1.2 pips (Standard) | 0.2 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Fully regulated for US clients with a massive global footprint
  • Owned by StoneX (Fortune 100 company) ensuring deep capitalization
  • Excellent TradingView integration built-in
Cons
  • European standard spreads are somewhat wide compared to ECNs
  • Platform suite can be overwhelming for true beginners

Frequently Asked Questions About Compare Market Maker Brokers ()

Frequently Asked Questions

Pepperstone, IG, OANDA currently lead our market maker ranking. Pepperstone ranks #1 with 4.8/5, ASIC (Australia), FCA (UK), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai) licensing, and EUR/USD from 0.0 pips (Razor) | 1.0 pips (Standard). The whole group averages 0.6 pips on EUR/USD with minimum deposits from $0.
For market maker trading, the brokers that lead the ranking combine three things: a Tier-1 licence where available (16 of the 16 here hold one), total trading cost under control (group spreads 0.0–1.3 pips, deposits $0–$10200), and maximum leverage up to 1:1000 for the accounts that need it. Market makers quote their own prices and take the other side of your trade — no commission, wider spreads.
16 of the 16 brokers on this page hold at least one Tier-1 licence (FCA, CySEC, ASIC, or equivalent) and the remaining 0 are Tier-2/3 licensed — the licence tier determines leverage limits, deposit methods, and compensation-scheme coverage. Every broker is independently reviewed on this site, and each review page lists the entities it contracts through and their regulators.
Ranking is computed from centralBrokerDatabase fields: overall rating, regulatory tier coverage, EUR/USD spread, minimum deposit, and platform support. For this market maker comparison the broker set was filtered to 16 public brokers that actually match the niche, then ranked by rating with Tier-1 coverage as the tiebreaker — every figure in the table traces back to a verifiable database field.
The best market maker brokers for global markets in 2026 include IG, AvaTrade, CMC Markets, and XM — all tier-1 regulated with transparent pricing and reliable execution.
Not necessarily. Large regulated market makers (IG, CMC) hedge client flow and profit from spreads, not client losses. The 'market maker = scam' narrative applies mainly to unregulated offshore entities. Regulation is the key differentiator.
Market makers provide their own quotes and act as counterparty; ECN brokers pass orders to external liquidity providers. Market makers offer guaranteed fills and fixed spreads; ECN offers tighter variable spreads with commission.

Top Searched Questions

How do I choose a reliable forex broker in 2026?

Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.

What makes a forex broker the 'best' overall?

The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.

Which forex brokers are consistently top-rated?

Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.

What is forex trading and how does it work?

Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.

What is the best forex trading platform to use?

MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.

How do forex trading platforms differ from each other?

MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.

What features should a trading platform have?

A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.

How does the forex market work?

The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.

Sources & References

  1. — AvaTrade
  2. — Pepperstone
  3. — XTB
  4. — BrokerAnalysis
  5. — BrokerAnalysis
  6. — BrokerAnalysis

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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.