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    • ECN Forex Brokers – list / ranking
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  • Forex brokers
    • ECN Forex Brokers – list / ranking
    • Market Maker (MM) Forex Brokers – list/ranking
    • STP (Straight Trough Processing) Forex Brokers – list/ranking
    • NDD (No Dealing Desk) Forex Brokers – list / ranking
    • ETF brokers – list / ranking
    • Cryptocurrency brokers (CFDs on Bitcoin and others) – list / ranking
    • Non-EU brokers
  • Cryptocurrency exchanges
  • Investments
    • Best Investing Apps – Stocks, Exchange, FX, Crypto
    • Does investing in currencies make sense? How do I get started?
    • Trading Platforms 2026: The Ultimate Guide
  • Knowledge
    • Tools
      • Macroeconomic data – Calendar
      • Forex calculators
        • Forex Profit Calculator
        • Pip Value Calculator
        • Security Deposit Calculator
        • Pivot Points Calculator
        • Carry Trade Calculator
      • Forex/CFD Tax Calculator
    • How to choose a Forex/CFD broker?
    • How to verify an investment broker’s license
    • MiFID II and ESMA intervention – summary
    • How to become an experienced customer
    • How to become a Forex/CFD professional client
    • How to Simplify Fundamental Analysis in Forex: Indices and Bond-Yield
    • Forex / CFD Investment Dictionary
    • Social Trading in a Nutshell
    • 14 Books on Forex Investing and More
    • Forex and Taxes – Compendium
    • How to get your deposit back when paying by card – Chargeback
    • What to do if you have been scammed
  • News
    • Articles
  • Warning list
    • Avertissements

Market Maker (MM) Forex Brokers – list/ranking

A Market Maker broker is, in other words, a market maker. They create their own internal trading market by taking rates from the interbank market and expanding them with appropriate spreads (the broker’s earnings). In this way, the other party to the transaction is, in fact, the MM broker. On the one hand, these brokers are often suspected of playing against their clients, but on the other hand, they are primarily able to provide protection against negative balances in client accounts. The opposite and biggest competitor of the MM model is the ECN broker . It’s worth considering all the pros and cons before choosing an MM forex broker.
Below we present a ranking of MM (Market Maker) brokers .

trade nation

1. Trade Nation

Trade Nation is a broker that, since its rebranding from Core Spreads (and its consolidation of the TD365 brand), has positioned itself as the...

Forex brokers
review 9.1 14
xtb logo

2. XTB

XTB is a Polish Forex broker established in 2004 and providing brokerage services since 2005. It has won numerous awards, including one of the best...

Forex brokers
review 8.7 124
tms brokers oanda

3. TMS Brokers

OANDA TMS Brokers Brokerage House TMS Brokers, operating since 1997, is the first currency brokerage house in Poland to be authorized by the Polish...

Forex brokers
review 8.5 23
Avatrade logo

4. AvaTrade

AvaTrade is a reliable, highly regulated forex broker. The company was registered in Ireland in 2006. It offers a wide range of financial instruments...

Forex brokers
review 8.4 7
easymarkets broker reviews

5. easyMarkets

This broker is worth considering due to its long-standing presence in the market. Since 2001, the company has been serving clients from around the...

Forex brokers
review 8.0 20
Activ Trades Logo

6. ActivTrades

ActivTrades is a broker with a long history, founded in Switzerland in 2001. It then moved to the UK (London), the center of the financial world....

Forex brokers
review 8.0 3
cmc markets logo forex

7. CMC Markets

CMC Markets is an international CFD broker with 300,000 active clients worldwide, including Poland. It offers trading in stocks, currencies,...

Forex brokers
review 7.9 13
xm forex broker

8. XM.com

XM .com is one of the most popular brokers among Polish traders. Present on multiple continents and regulated by numerous financial institutions,...

Forex brokers
review 7.9 8
City Index broker

9. City Index

City Index is a brand owned by one of the largest companies in the FX/ CFD industry, Gain Capital. It offers access to the forex market and a wide...

Forex brokers
review 7.7 5
etoro broker logo reviews

10. eToro

Israeli-based broker eToro is an investment firm focused on social trading, providing financial services and copy trading across a wide range of...

Forex brokers
review 7.5 12
windsor brokers logo forex broker

11. Windsor Brokers

Windsor Brokers is one of the oldest brokers operating on the market, dating back to 1988. The broker holds licenses from regulators such as CySEC,...

Forex brokers
review 7.4 6
forex.com broker

12. Forex.com

Forex.com is one of the largest brokers in the United States, currently competing with FXCM for dominance among American consumers. Forex.com is...

Forex brokers
review 6.8 1
etx capital broker

13. ETX Capital

ETX Capital is an authorized and certified broker operating in the UK and regulated by the FCA. It operates one of the most popular platforms, Meta...

Forex brokers
review 6.2 3
iq option logo

14. IQ Option

IQ Option is a broker that has been operating in the market for many years. Initially, it focused primarily on options. However, a lot has changed...

Forex brokers
review 6.0 3
Noble Markets broker closed its operations and its clients moved to TMS brokers

15. Noble Markets

Broker Noble Markets ceased operations in October 2019, acquired by TMS Brokers. Noble Markets is the service of the brokerage house Noble...

Forex brokers
review 6.0 3
vestle iforex broker logo

16. Vestle (iFOREX)

Vestle (formerly known as iFOREX) is a brokerage brand of iCFD Limited, authorized and regulated by the Cyprus Securities and Exchange Commission...

Forex brokers
review 5.8 4
gkfx - Forex

17. GKFX

Formerly known as Smart Live Financial Services Ltd, GKFX Financial Services Ltd (GKFX) was founded in 2010 as an online trading platform offering...

Forex brokers
review 5.0 4
capital.com logo

18. Capital.com

Capital.com is a global CFD broker and an innovative fintech company that debuted on the market in 2016. Since then, the firm has recorded dynamic...

Forex brokers
review 4.3 3
markets.com broker

19. Markets.com

Markets.com is one of the fastest-growing forex brokers, offering leverage of 1:30 (ESMA-compliant) with deposits as low as USD 100. The brand is...

Forex brokers
review 4.2 3
plus500 broker

20. Plus500

Plus500 is an Israeli-based retail broker offering contracts for difference ( CFD ) trading. Its portfolio includes over 2,800 instruments, used by...

Forex brokers
review 3.9 16
ironfx - Forex

21. IronFX

IronFX is a globally renowned FX broker. It offers 10 different platforms offering trading in over 200 different instruments. It is regulated by the...

Forex brokers
review 3.0 1
Dowmarkets investment scam

22. Downmarkets

Dowmarkets is a scam that uses a fake license number. Its website uses a mailing address shared with another fraudulent broker, Maxi Trade ,...

Forex brokers
review 1.8 29
excentral logo

23. eXcentral

The broker was added to the list at the request of site users who reported suspicious activity on eXcentral's website. If you are or have been a...

Forex brokers
review 1.6 18
trade5000 logo

24. Trade5000

Trade5000 is a rogue Forex/CFD broker that has been warned against by numerous regulators, including the Polish Financial Supervision Authority...

Forex brokers
review 1.5 26
marketCFDlogo - Forex

25. MarketCFD

MarketCFD is a fraudulent Forex/CFD broker. Clients have reported that they are unable to withdraw their deposited funds. We suggest caution when...

Forex brokers
review 1.5 81

Market Maker brokers have long faced a negative reputation, largely due to dishonest operators who exploit this model to defraud clients, intentionally causing capital loss. Reputable market makers cannot afford such practices, as they jeopardize their long-term operations. For MM brokers, it is especially important to be wary of new and lesser-known brokers, particularly if they are registered in remote and suspicious jurisdictions, such as tax havens.

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  • Remember

    CFDs are complex and highly risky instruments that can result in rapid capital loss due to leverage.

    Between 74% and 89% of investors lose their money when trading CFDs.

    You must consider whether you can bear the risk of losing your invested funds.

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  • TOP 5 Brokers

    • 1 trade nation

      Trade Nation

    • 2 ic marekts logo

      IC Markets

    • 3 logo xtb

      XTB

    • 4 purple trading logo

      Purple Trading

    • 5 tickmill broker

      Tickmill

  • TOP 3 Stock Exchanges

    • 1 binance

      Binance

    • 2 kucoin crypto logo

      KuCoin

    • 3 giełda kryptowalut cex.io logo

      CEX.IO

  • Partners

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  • Meet the broker

    • Alior TraderAlior Trader
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  • Forex – TOP 5

    • 1 trade nation

      Trade Nation

    • 2 ic marekts logo

      IC Markets

    • 3 logo xtb

      XTB

    • 4 purple trading logo

      Purple Trading

    • 5 tickmill broker

      Tickmill

  • Cryptocurrency exchanges – TOP 5

    • 1 binance

      Binance

    • 2 kucoin crypto logo

      KuCoin

    • 3 giełda kryptowalut cex.io logo

      CEX.IO

    • 4 okx logo

      OKX

    • 5 giełda kryptowalut zonda - dawny bitbay - logo platformy

      Zonda

  • Latest reviews

    • 9.5 ic marekts logo

      IC Markets

      I've been with them for many years; the jurisdictional chang...

    • 9.5 trade nation

      Trade Nation

      Cosmos spreads (i.e. low), supposedly a broker a bit exotic,...

    • 9.0 tms brokers oanda

      TMS Brokers

      Very pleasant for FX; Polish support and a Polish company ar...

    • 1.0 instaforex broker logo

      InstaForex

      Negative review. Although for over a year everything was fin...

    • 8.5 logo xtb

      XTB

      With XTB for a good 5 years now, despite various ups and dow...

Risk Warning: CFDs, cryptocurrencies, and leveraged products are highly risky financial instruments that can result in rapid capital loss. Between 74% and 89% of investors lose their money when trading CFDs. You must consider whether you can afford to lose your invested capital.

The materials published on this website are for informational purposes only and should not be considered investment advice (recommendations) within the meaning of the Act of 29 July 2005 on Trading in Financial Instruments. They also do not constitute legal, tax, or financial advice. The studies published on ForexRev.pl solely reflect the views of the editorial staff and users of the website and should not be interpreted otherwise.

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