Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by ASIC is regulated by the Australian Securities and Investments Commission; by FCA, the Financial Conduct Authority; by DFSA, the Dubai Financial Services Authority.
What is the best market maker forex broker?
Market maker brokers act as counterparties to client trades, setting their own prices and typically offering fixed spreads without commission. Pepperstone operates as an ECN broker with RAW spreads from 0.10 pips and 77ms execution speeds, providing straight-through processing to liquidity providers. We compared market maker models against ECN execution, evaluating spread consistency, requote frequency and overall trading costs.
Our list of the top broker in the category is:
What Is A Market Maker In Forex Trading?
A Market Maker act as the opposite party to your trade. This means that if you want to buy, they will provide a bid quote, and if you want to sell, they will provide an ask (or offer) price. As a significant contributor of liquidity to the market, market makers will always take the other side of your trade, regardless of whether they think the trade is in their favour.
One UK-facing broker running that model is assessed in the Accendo Markets Review Of 2026.
Forex is traded over the counter rather than on an exchange, and what that means for pricing is explained in OTC Forex Brokers (2026).
A market maker sets its own price, and the brokers that hold that price steady through the session are compared in 8 Best Fixed Spread Forex Brokers.
Since market makers act as the opposite party to your trade, they make a profit when you lose and suffer a loss when you profit. You might hear them referred to as b-book brokers as they take the opposite side of the ledger.
How Do Market Maker Brokers Work?
Market makers are responsible for setting the bid and ask prices for each transaction, and this is why they are said to “make the market”. They provide their own quotes, which are usually matched to interbank prices. This allows them to buy at the best available bid price and sell at the best price on offer. The difference between the bid and ask prices, also known as the spread, is the source of profits for the broker.
The higher the ask price is compared to the bid price, the more profit the market maker will make. This spread compensates the market maker for the risk they take on with the trade
What is the difference between a Market Maker and an ECN broker?
The difference between a market maker and an ECN Brokers is the following:
- A market maker is essentially an intermediary who sets the buy and sell price (aka the spread) of a currency and provides the market with liquidity. A market maker is the counterparty to your trades.
- An ECN broker provides direct market access to you, the trader, and matches you with other buying and selling traders directly. Forex Trading ECN brokers do not set the spread, the liquidity providers set the spread.
Are Market Makers or ECN Brokers Cheaper?
Electronic Communication Networks (ECNs) allow traders to connect directly with the liquidity pool of intermediaries when trading, while market makers act as the intermediaries to your trade. If you buy or sell on an ECN, your order is fulfilled by matching it to the best intermediary in the pool. On the other hand, if you buy or sell Forex through a market maker, the market maker acts as the counterparty for your trade.
ECNs make money primarily through commission. They don’t set bid-ask spreads but instead charge a commission in addition to the spread. For this reason, spreads match interbank prices and can be as low as 0 pips.
Market makers, on the other hand, set their own spreads (or automatically price match from the liquidity pool) and make money through those spreads. For this reason, spreads are widened to include the market makers compensation fee. So spreads are wider with a market maker but may not be cheaper overall once the commission fee ECN broker charges is taken into account.
What are the pros and cons of market makers in forex trading?
- Less volatile pricing than on ECN platforms
- Provide liquidity to the markets
- Sometimes offer tighter spreads to entice traders with more competitive prices
- No commissions
- Offer vast market access or depth
- Can present a conflict of interest as they can trade against you on the markets
- Not guaranteed the best pricing on the quoted bid and ask prices
- More vulnerable to slippage as trades are not executed as quickly as ECN brokers
- Market makers can manipulate currency prices
- Not suitable for scalpers
How To Open A Trading Account With A Market Maker Broker?
Before opening a trading account with a market maker broker, you should consider the following:
- Regulation, Choose a market maker broker regulated by a top-tier authority, and check which entity your account would be opened with, since the protections and leverage caps that apply depend on that entity.
- Range of Markets, Look for a market maker that offers the markets you wish to trade in
- Trading Costs, Check the trade pricing of each market maker. Stable pricing with tight spreads is ideal. Market makers do not charge commission, but rather their commission is built into the spread.
- Trading Platforms, Choosing a market maker that offers a user-friendly platform is critical. You should also check for fast execution speeds.
- Trading Tools, Look for advanced trading tools such as risk meters, pip value calculators, and guaranteed stop-loss orders.
- Customer Support, Ensure your trading platform offers excellent customer support and a demo account to practise your online trading strategies.
Do Market Makers Have Commission Fees?
While market makers do not have separate commission fees, their compensations are worked into the spreads of clients’ trades. Commissions may seem small but they can accumulate when you trade in larger volumes. Always try to find the lowest commissions when starting as a beginner trader.
Are RAW Spreads Cheaper Than Market Maker Spreads?
Yes, RAW spreads are cheaper than market maker spreads as market maker commissions are worked into the spread. When analysing trading costs and Forex Fees, you should look at the market maker spread against the RAW spread and additional commissions.
The table below compares standard accounts vs ECN or RAW spread accounts. As can be seen, spreads are much lower with an ECN account, but this is before commission costs are factored in.
| Standard Account | AVG EUR/USD SPREAD | ECN Account | AVG EUR/USD SPREAD |
|---|---|---|---|
| IC Markets | 0.73 | TMGM | 0.15 |
| Admiral Markets | 0.74 | Tickmill | 0.15 |
| CMC Markets | 0.8 | Fusion Markets | 0.16 |
| FXCM | 0.93 | IC Markets | 0.19 |
| TMGM | 1 | Pepperstone | 0.19 |
| Fusion Markets | 1.01 | FP Markets | 0.2 |
| OANDA | 1.06 | EightCap | 0.2 |
| StoneX Trading | 1.16 | Admiral Markets | 0.21 |
| EightCap | 1.16 | StoneX Trading | 0.22 |
| FP Markets | 1.19 | ThinkMarkets | 0.22 |
| Pepperstone | 1.21 | Blueberry Markets | 0.27 |
| Blackbull Markets | 1.34 | Go Markets | 0.38 |
| Go Markets | 1.34 | Axi | 0.43 |
| Axi | 1.45 | CMC Markets | 0.44 |
| FXPro | 1.59 | Blackbull Markets | 0.46 |
How do you choose a market-maker trading platform?
Regulation: Start choosing a market maker trading platform by looking for a market maker that is regulated in your own jurisdiction, whether that is the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States, the Canadian Investment Regulatory Organization (CIRO) in Canada, the Monetary Authority of Singapore (MAS) in Singapore, Securities Commission Malaysia in Malaysia, or the Financial Markets Authority (FMA) in New Zealand.
Platform User-Friendliness & Advanced Trading Tools: Look for a user-friendly trading platform that offers additional advanced trading tools such as charting tools, pip value calculators, and risk metres.
Trading Fees: Check the spreads on offer. You should look for the lowest and least volatile spreads that you can find.
Range of Markets & Support: Look for markets the broker lets you trade with. Once you have narrowed down your list, ensure that the market maker you choose offers excellent customer support to assist you whenever needed.
Other Market Makers
Our list of Market Makers is by no means extensive, other market makers include Forex.com. StoneX Trading, Plus500 and Trading 212. We could have easily included these brokers on our list but we went with the brokers we thing offer the best services, platforms and costs.
Market Makers vs STP And ECN Brokers
A market maker is a type of brokerage firm where a dealing desk and internal liquidity are used to fill orders. The key features of a market maker are that they set their own bid and ask prices, and act as the counterparty to your trade. Conversely, electronic communication network (ECN) and straight-through processing (STP) are no-dealing desk brokers that use external liquidity sources to determine the spreads they offer traders, as well as fill orders.
There are pros and cons to both types of brokerage models. As STP and ECN brokers use a range of external liquidity providers and connect to the interbank market, spreads have the potential to be competitive. Spreads with market makers, however, can be equally competitive if the broker price matches liquidity providers without price interference. Market makers also tend to have more risk management tools, more products to trade and larger education resources. You can view the High Leverage Forex Brokers if you’re looking to trade with higher exposure to the markets.
As market makers set their own bid-ask prices, commission fees are often included in the spread. Yet, some believe market makers have a conflict of interest as they set their own prices and are the counterparty to your trade. Although you will usually get better pricing with STP and ECN brokers, the combination of strong risk management tools and commission-free spreads can appeal to beginners with little forex trading experience.
Disclaimer
This information is not intended as a trading strategy or investment advice. It is purely a summary of different market makers’ offerings. Please note, trading forex and CFDs are high risks. Ensure you are aware of the risks and avoid scams by trading with regulated brokers.
Ordered by our overall rating, highest first.
- IG Trading - Forex Broker With Top Range of Markets
- CMC Markets - Best Market Maker With Most Currency Pairs
- AvaTrade - Top Day Trading Forex Broker
- Interactive Brokers - Advanced Forex Broker For Professionals
- XM - Good Low Trading Cost Forex Broker
- easyMarkets - Good Forex Broker With Most Base Currencies
- eToro - Top Forex Broker For Social Trading
Broker comparison table
| Rank | Broker | Score | Regulation | EUR/USD raw | EUR/USD standard | Commission | Min. deposit | Platforms | Leverage | Visit |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  IG Trading | 68.2 | ASIC, FCA, FMA | 0.16 | 1.13 | $6.00 | $0 | MetaTrader 4 | 30:1 | Visit |
| 2 |  CMC Markets | 64.6 | ASIC, MAS, FCA CIRO, FMA, BaFin | 0.5 | 0.7 | $2.50 | $0 | MetaTrader 4 | 30:1 | Visit |
| 3 |  AvaTrade | 64.5 | ASIC, CIRO, CySEC ADGM, ISA, JFSA CBI, KNF, FSC-BVI FSCA, SFC | - | 0.8 | - | $100 | MetaTrader 4, MetaTrader 5 | 30:1 | Visit |
| 4 |  Interactive Brokers | 62.3 | NFA, CFTC, CBI ASIC, FCA, MAS CIRO, JFSA | - | - | $2.00 | $0 | - | 30:1 | Visit |
| 5 |  XM | 60.5 | CySEC, DFSA, IFSC | 0.3 | 1.1 | $3.50 | $5 | MetaTrader 4, MetaTrader 5 | 30:1 | Visit |
| 6 |  easyMarkets | 58.9 | ASIC, CySEC FSA-S, FSC-BVI, FSCA | - | 1.2 | - | 200 AUD (Australia) 25 USD (Europe & Rest of World) | MetaTrader 4, MetaTrader 5 | 30:1 | Visit |
| 7 |  eToro | 54.9 | ASIC, CySEC, FCA MAS, MFSA, ADGM SEC, GFSC, FSA-S | - | 1.0 | - | $50 (Australia), $50-$100 (EU) | - | 30:1 | Visit |
Broker reviews
1. IG Trading
Average spread
EUR/USD = 0.16 GBP/USD = 0.59 AUD/USD = 0.29
Platforms
MT4, IG Trading Platform, L2 Dealer, ProRealTime, TradingView
Minimum deposit
$0
Why We Recommend IG Trading
We think IG Trading’s range of 17,000 financial instruments is a key strength. This and the availability of 4 trading platforms, IG platform, L2 Dealer, ProRealTime and MT4, means IG can cater for chart traders, new traders and traders wanting to automate their trades.
The broker is regulated in all major financial jurisdictions, has a 4-star rating on Trustpilot and has a solid reputation which earned it a trust score of 100/100 from us.
Pros & cons
- Responsive 24/7 customer support
- Regulated by 13 different institutes
- Largest range of trading markets
- Doesn’t support Skrill payments
- Slow order execution speed
- $450 minimum deposit for the RAW account
Broker Details
IG Has The Most Traders And Largest CFD Range
With nearly 50 years of experience providing trading services, IG is a reputable broker available to most retail traders worldwide. Using a traditional market maker pricing and execution model, the broker offers both CFD and traditional share trading.
CFD Trading
IG provides access to one of the most diverse selections of CFDs with a staggering 17,000 financial instruments to choose from.
- Forex: 97 currency pairs with spreads starting from 0.6 pips and no commission fees.
- Commodities: 42 CFDs derived from metal, energy, and soft commodity markets.
- Indices: Over 46 indices and 14 index options including the US 500, Australian 200, and FTSE 100.
- Cryptocurrency: 30 major cryptos and crosses plus a cryptocurrency index.
- Stocks: 530+ ETFs plus Australian and international shares.
- As well as IPOs, Thematic Baskets, CFD Futures, Spot Trading.
To develop and execute trading strategies, the broker provides access to an array of trading platforms. On top of IG’s proprietary platform (WebTrader or mobile apps), you can use ProRealTime for advanced charting, MetaTrader 4 for automation, of L2 Dealer for direct market access (DMA).
Final Words, IG
With a staggering 17,000 financial instruments available to trade, IG offers some of the best market access available to retail traders. You also get a range of trading platforms to choose from that suit different needs, including proprietary software and MetaTrader 4.
2. CMC Markets
Average spread
EUR/USD = 0.5 GBP/USD = 0.9 AUD/USD = 0.6
Platforms
MT4, CMC NGEN
Minimum deposit
$0
Why We Recommend CMC Markets
We recommend CMC Markets for its large range of 330+ Forex pairs, far surpassing competitors. Along with 12,000 markets, including stocks, indices, and cryptos, the broker offers diverse trading options.
The widely-used MetaTrader 4 and the excellent Next Generation trading platforms cater to various preferences. The latter provides 115 indicators, 70 chart patterns, and a pattern recognition scanner, enhancing trading analytics.
Alongside useful educational resources, CMC Markets earns a respectable overall score of 64.6/100, making it a solid choice.
Pros & cons
- No minimum deposit requirements
- Largest collection of forex pairs
- Top trading platform options
- Customer support is unavailable on weekends
- No 3rd part social trading tools
- No support for MT5 or cTrader
Broker Details
CMC Markets Has Great Spreads And Trading Platforms
CMC Markets is one of the longest-standing forex brokers with a traditional market maker model. Established in 1989 in the UK, CMC Markets is popular as the company is publically traded on the London Stock Exchange (LSE), as well as being overseen by multiple tier-1 regulators.
Forex and CFD Trading
CMC Markets offers one of the largest selections of currency pairs currently available to retail traders. Over 330 major, minor and exotic forex pairs can be traded commission-free as spot or forward pairs. Spreads are low, starting from 0.7 pips for the AUD/USD, USD/JPY, and EUR/USD. Other commonly traded currency pairs like the GBP/USD also offer competitive variable spreads as low as 0.9 pips.
As well as hundreds of currency pairs, you can speculate on a range of financial markets by trading CFDs. Shares, ETFs, commodities, indices, and treasuries are offered by CMC Markets.
To get access to all of CMC Markets financial instruments, you’ll need to use the broker’s proprietary trading platform, Next Generation. With a choice of either a beginner or advanced interface, the Next Generation platform is ideal for all levels of trading experience. The platform’s key features include:
- A desktop trading platform and trading apps for iPads, iPhones, and Android mobile devices.
- An inbuilt charting package with advanced technical indicators, drawing tools, and chart types.
- Pattern recognition tools with price projection functionality.
- Sentiment data and fundamental analysis tools, including an economic calendar, Reuters news, insights, and research reports.
- Advanced risk management tools with premium order types, like guaranteed stop-loss orders.
CMC Markets also offers MetaTrader 4 (MT4) if you are looking for algorithmic trading features. While you’ll have more restricted market access than Next Generation users, you’ll be able to fully automate trading with Expert Advisors. The MT4 platform is available as a desktop platform, WebTrader platform, or mobile trading apps.
Our Verdict On CMC Markets
The market maker broker is ideal for traders looking for the best trading platforms combined with a wide range of forex pairs. Over 330 spot and 11 forward currency pairs can be traded with no commission spreads from 0.7 pips.
3. AvaTrade
Average spread
EUR/USD = 0.8 GBP/USD = 1.2 AUD/USD = 0.9
Platforms
MT4, MT5, AvaTradeGo, AvaOptions
Minimum deposit
$100
Why We Recommend AvaTrade
We like AvaTrade because they have spreads of 0.8 pips for the EUR/USD pair but because they are fixed, AvaTrade is a good choice for scalp and day traders. Trading is available on MT4, MT5 and AvaTrade’s proprietary AvaTradeGo trading platform.
Unusually for a market maker, social trading tools such as AvaSocial and DupliTrade. Providing another way to take advantage of the broker’s unrestricted trading conditions.
Pros & cons
- 4.6-star rating on Trustpilot
- Good in-house trading platform
- Commission-free trading
- High inactivity fees
- $100 minimum deposit
- No option for a RAW account
Broker Details
AvaTrade Has 16 Crypto CFDs To Trade
AvaTrade is a traditional market maker broker that offers CFD trading with both cryptocurrencies and currency pairs included in its product range. While many market makers provide variable spreads, AvaTrade only offers fixed-spread account types with their Automated Trading Platforms.
In terms of trust and safety, AvaTrade is regulated by various financial authorities around the globe, including CySEC in Cyprus and the Central Bank of Ireland.
Cryptocurrency Trading
AvaTrade is a great option if you want to focus your trading strategies on cryptocurrency CFDs. Sixteen major cryptos can be traded with no commission fees. As well as trading the cryptos against the USD, crypto/fiat pairs are available (JPY, EUR, and others).
Crypto CFDs offered by AvaTrade include:
- Bitcoin
- Litecoin
- Ethereum
- EOS
- Ripple
- Dash
- Chainlink
- Uniswap
Disclaimer: as with foreign exchange, cryptocurrency markets are very volatile and come with a high risk of losing money. It is important to incorporate risk management techniques into your trading strategy, along with using a regulated broker such as AvaTrade.
Final Words, AvaTrade
With 16 major cryptocurrency CFDs available, AvaTrade is a top option for crypto traders wanting a trusted broker with strong regulation.
4. Interactive Brokers
Average spread
EUR/USD = N/A GBP/USD = N/A AUD/USD = N/A
Platforms
Trader Workstation
Minimum deposit
$0
Why We Recommend Interactive Brokers
We recommend Interactive Brokers for its comprehensive range of financial products, low-cost trading with competitive commissions, and direct market access.
The platform comes in 3 flavours, IBKR Trader Workstation, IBKR Desktop, and IBKR Mobile with the desktop version having sophisticated tools and research options designed for professional traders.
Products to trade are not just limited to CFDs, with stocks, bonds, warrants, options, ETFs, currencies and futures also available.
Pros & cons
- Allows a micro account
- Commission-free trading
- No minimum deposit requirement
- Limited Forex CFD choices
- Doesn’t allow interest-free Islamic account
- Doesn’t support MT4 or MT5
Broker Details
Interactive Brokers Has The Best Trading Software
Interactive Brokers is a top broker that offers a market-maker-designed trading platform ideal for experienced traders. Trader Workstation (TWS) Mosaic is a fully customisable platform where you can trade the broker’s full range of financial instruments while conducting comprehensive technical analysis and risk management.
For instance, The IB Risk Navigator is a real-time risk management tool that measures risk exposure across multiple asset classes around the world. Over 100 order types and algos are available to TWS users to help minimise trading risks, enhance execution, and simplify trading.
If you prefer a simpler platform and interface, the market maker broker also offers a beginner-friendly mobile trading app and WebTrader option (Client Portal). Regardless of the trading platform you choose, Interactive Brokers provides access to over 100 currency pairs. Interactive Brokers, Final Words
Interactive Brokers Trader Workstation offering is a brilliant choice for those wanting a market maker optimised trading platform with advanced trading and risk management tools. A good range of currency pairs is available, along with a mobile app.
We rank Market Maker Forex Brokers against every other broker we score on Best Forex Brokers (2026).
5. XM
Average spread
EUR/USD = 0.3 GBP/USD = 0.9 AUD/USD = 0.8
Platforms
MT4, MT5, XM App/Tablet
Minimum deposit
$5
Why We Recommend XM
XM earns our recommendation for its user-friendly platform XM app for iPhone and Android mobiles. This app offers 1000+ trading instruments with commission-free spreads of 1.6 pips on the Standard account and 0.1 pip with a $3.50 commission on their Ultra Low account.
Other features we like are their educational resources, including webinars and research materials XM provides and access to the MT4 and MT5 trading platforms.
Pros & cons
- Regulated by ASIC
- Low trading cost
- Offers an Islamic account
- Doesn’t support PayPal
- Customer support can be better
Broker Details
XM Is A Solid Market Maker With Tight Spreads
XM is a market maker that is well-known for its low variable spreads and range of commission-free account types. To trade, you can choose from two of the world’s most popular platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which offer three account types.
- Micro Account: No commission spreads from 1 pip, micro-lot sizes of 1,000, and a minimum trade volume of 0.01 lots on MT4 and 0.1 lots on MT5.
- Standard Account: Commission-free forex spreads from 1 pip, standard lot sizes of 100,000, and minimum trade sizes of 0.01 lot.
- Ultra-Low Account: Tighter spreads from 0.6 pips with no commission, and a minimum trade volume of 0.01 lots (standard ultra) or 0.1 lots (micro ultra).
The initial minimum deposit to open an account with XM is low compared to other brokers. Only $5 is needed to open a Micro or Standard Account, while only $50 is required for an Ultra-Low Account.
Each account type allows hedging, and an Islamic account option is available for those following Sharia Law.
XM, Final Words
XM is a top market maker with tight no commission spreads from 0.6 pips. To access the broker’s lowest spreads, you’ll need to sign up for an Ultra Low account type, where a low minimum deposit of $50 is needed.
Regardless of the XM account type you sign up for, you can choose between MetaTrader 4 or MetaTrader 5 as your trading platform.
6. easyMarkets
Average spread
EUR/USD = 1.2 GBP/USD = 1.4 AUD/USD = 1.4
Platforms
MT4, MT5, TradingView, easyMarkets Trading
Minimum deposit
$200
Why We Recommend easyMarkets
easyMarkets differs from other brokers in this list as they have fixed spreads and all trades include a guaranteed stop loss (GSLO). These features mean you never need to worry about slippage.
To get easyMarkets full range of features, you will need to use the in-house developed platform. Other features include Freeze Rate and dealCancellation. MT4 and MT5 are other platform options but don’t have a GSLO.
easyMarkets fixed spreads start from 0.8 pips for the EUR/USD pair.
Pros & cons
- A large number of supported currencies
- Responsive customer support service
- In-house trading platform with good features
- $200 minimum deposit
- Slow order execution speed
- Doesn’t support PayPal payments
Broker Details
EasyMarkets Offers Great Risk Management Tools
EasyMarkets is a traditional market maker broker that is well-known for its unique risk management tools. The broker’s top five features include:
- Exclusive risk management tools such as guaranteed easyTrade, dealCancellation, and Freeze Rate
- Free guaranteed stop-loss orders to reduce the high risk of trading.
- Fixed spreads from 0.9 pips commission-free.
- A choice of the broker’s proprietary trading platform or MetaTrader 4.
- Regulated by ASIC (Australia), CySEC (Cyprus), FSC (British Virgin Islands), FSA (Seychelles), and the FSCA (South Africa).
easyTrade allows you to limit your risk when trading forex while eliminating the need for margin requirements and stop-loss orders. It takes three simple steps to set up your easyTrade, you specify the amount you will risk, the trade duration, and whether the exchange rate will increase or decrease in value.
dealCancellation allows you to choose a window where you can undo losing trades when the market moves against you. For a fee, you can pick a one, three, or six-hour margin to cancel your trade, eliminating some risk from trading big events or volatility. dealCancellation is only available on the broker’s day trading products like gold, silver, oil, and forex.
The Freeze Rate tool allows you to freeze the price, giving you some breathing room to set up and execute your trade. The price is frozen for 3 seconds, which may be very useful in volatile conditions.
Our Verdict On easyMarkets
The broker’s unique risk management tools such as easyTrade, dealCancellation, Freeze Rate, and free guaranteed stop-loss orders make easyMarkets one of the best market makers for risk management. They are featured in our rankings for these features and their fixed spreads.
7. eToro
Average spread
EUR/USD = 1.0 GBP/USD = 2.0 AUD/USD = 1.0
Platforms
eToro Trading Platform
Minimum deposit
$50
Why We Recommend eToro
eToro is our top choice for copy and social trading. With a community of over 30 million users, eToro allows you to connect with follow and copy other traders making it a good choice if you are new to trading.
One unique feature eToro offers is Smart Portfolios. This is like an index of the best signal providers in the community, alternatively, you can trade indices of stocks based on themes like US politics, Crypto, and Big Tech using AI technology.
Pros & cons
- Low standard spreads
- Regulated by ASIC in Australia
- Offers swap-free Islamic account
- Customer support is absent on weekends
- No option for a RAW account
Broker Details
eToro Has The Best Copy Trading Trading Platform
eToro is a hybrid market maker broker that offers one of the most popular social trading platforms worldwide. Its popularity stems from a range of features, including:
- Unique social trading features such as CopyTrader and CopyPortfolios.
- An easy-to-use multi-asset trading platform that provides access to over 7,000 financial instruments and CFDs, including stocks, cryptocurrency, and forex among others.
- Social media and trading features like a newsfeed, and the ability to chat with other community members and share ideas.
- Advanced technical analysis tools with ProCharts.
- Licensed by top-tier regulators such as CySEC (Cyprus), the FCA (UK), and ASIC (Australia) along with the FSA (Seychelles).
Social Trading With eToro
eToro boasts one of the globe’s largest social trading communities, with millions of traders from 140+ countries. To automate trading, you can use the broker’s CopyTrader feature that allows you to find other traders you want to follow, and copy the trades they make.
You also have the option of Automated Trading Platforms via CopyPortfolios, yet instead of duplicating the strategies of individual traders, you copy a portfolio that comprises a basket of financial instruments. The portfolio is managed and rebalanced by eToro’s experts, saving you time and effort in making individual trades. There are two types of CopyPortfolios that eToro offers:
- Top Trader CopyPortfolios: A portfolio that copies a selection of different high-performing traders.
- Market CopyPortfolios: A basket of financial instruments that can include forex, commodities, indices, ETFs, and shares.
Hybrid Market Maker
eToro promotes a hybrid market maker model with a combination of market maker and NDD/STP features. While many market makers only use their own liquidity to fill forex traders’ orders, hybrid models both pass on trades to external liquidity providers and absorb some exposure in trades themselves.
eToro, Final Words
eToro is a hybrid market maker that uses a combination of a dealing desk and NDD/STP execution. The broker is one of the most popular worldwide for copy trading, with a wide range of account mirroring and social features.
FAQs
Do market makers trade against you?
How do Market Makers make money?
What is a Dealing desk in Forex?
About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.
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