7 List TOP Forex Brokers

Liquidity provider

The top positions in the forex market structure are occupied by multinational investment banks which also act as liquidity providers for forex brokers. These banks are also known as Tier 1 Liquidity Providers. Forex brokers linked to these investment banks will get a very stable feed of bid and ask prices for all currency pairs.

These Tier 1 companies benefit from the difference between the bid/ask price (spread) and the commission paid by the client. Deutsche Bank is recognized as the largest liquidity provider, followed by UBS, Barclays, Citi and Royal Bank of Scotland (RBS) in the top five.

liquidity provider bamsbung

Recomend Best Brokers Retails

Forex brokers use technology that can connect ("bridge") their platform with other platforms. This technology does two things. In addition to allowing the price quote from the liquidity provider to hit the trader's platform, it often also allows the broker to choose to process an order with what liquidity

In practice, a forex broker may deal with one or more liquidity providers. The broker's affiliation with many liquidity provider companies can provide many advantages for the forex broker itself and the traders who join it. Brokers can offer more diverse bid and ask prices, as well as more fluid liquidity. Meanwhile, traders can get tighter margins as well as the best price quotes.

If you are a trader with a large balance above $100,000 we recommend using a broker that is really regulated and a liquidity provider at level 1 as mentioned above. But if you are a trader with a balance of less than $10,000 of course we will need a Retail Broker, there are hundreds of retail brokers in this world and here we only recommend 7 brokers that we have used with our experience and run smoothly without any problems.

dukascopy bamsbung

1. Dukas Copy

Operational Since: 1998
Country where domiciled: Switzerland
Broker Status: Bank N/A
Broker Type: ECN/STP
US Clients Accepted: NO
Spread on EURUSD : 0.2

oanda bamsbung

2. Oanda

Operational Since: 1996
Country where domiciled: Canada
Broker Status: Independent broker
Broker Type: STP, NDD
US Clients Accepted: YES
Spread on EURUSD : 0.6 , and from 0.0

vantagefx bamsbung

3. Vantagefx

Operational Since: 2009
Country where domiciled: Australia
Broker Status: Independent broker
Broker Type: ECN/STP
US Clients Accepted: NO
Spread on EURUSD : 1.4 , Ecn 0.1

tickmill bamsbung

4. Tickmill

Operational Since: 2014
Country where domiciled: Seychelles
Broker Status: Independent broker
Broker Type: ECN/STP
US Clients Accepted: NO
Spread on EURUSD : 1.2 , Ecn from 0.0

admiral market bamsbung

5. Admiral markets

Operational Since: 2001
Country where domiciled: United Kingdom
Broker Status: Independent broker
Broker Type: ECN/STP
US Clients Accepted: NO
Spread on EURUSD : 0.5 , ecn from 0.0

xm bamsbung

6. XM Group

Operational Since: 2009
Country where domiciled: Cyprus
Broker Status: Independent broker
Broker Type: No Dealing Desk (NDD)
US Clients Accepted: NO
Spread on EURUSD : 1.0 , Zero account from 0.0

exness bamsbung

7. Exness

Operational Since: 2008
Country where domiciled: Cyprus
Broker Status: Independent broker
Broker Type: No Dealing Desk (NDD)+ECN/STP
US Clients Accepted: NO
Spread on EURUSD : 0.3 , ecn from 0.0