Top 25 Liquidity Providers of 2024
Liquidity providers are an essential part of the financial markets and with a huge range of choices, finding a liquidity provider can be overwhelming.
Finding the best liquidity provider can sometimes be a challenge, but at LiquidityFinder we have plenty of options for all kinds of liquidity providers.
Here is our list of the best 25 liquidity providers of 2024. We’ve listed them alphabetically, and for each option, offered unique insights into their services, market position and what makes them unique in the liquidity space. You can see all of our liquidity providers on our website.
Check each provider on their unique page for their Top Features and Highlights.
1. 26 Degrees
26 Degrees is an award-winning multi-asset prime broker based in Sydney, focused on servicing broker dealers, emerging hedge funds and family offices.
Formerly Invast Global, 26 Degrees has built on this success and continues to offer Tier 1 services and support.
2. ActivTrades
Established in 2001, ActivTrades has been an established broker for a long time, being first established in Switzerland before relocating to London.
Focused mainly as a retail forex broker, ActivTrades also caters to institutional B2B liquidity.
3. ACY Connect
ACY Connect is one of our most trusted verified providers, and provides multi-asset prime broker services, end-to-end technologies as well as risk and analytic solutions to institutional clients.
Founded in 2011, and based in Sydney, Australia, ACY can sponsor access to institutional FX ECNs and provide access to thousands of markets.
4. Amana
Based in Dubai, Amana provides access to multi-asset liquidity in the UAE and other MENA stock markets, including Abu Dhabi, Dubai, Saudi, Egypt, Qatar, and Kuwait equities.
It also provides access to US, UK, French, Spanish, Italian, Dutch, Belgian, German equity markets, providing a diverse range of liquidity options.
5. Britannia Global Markets
Britannia Global Markets has been in the industry since 1986, and is based in London.
A true multi-asset broker, the 40 years of experience and over 100 years of experience in banking means that Britannia Global Markets has some of the most unique liquidity available.
6. CMC Markets Connect
Established in 1989, CMC Markets Connect is a leading liquidity provider with a global presence and unique pricing.
With its API technology, clients receive access to Tier 1 liquidity, as well as market-leading CFD liquidity and a suite of FX products.
7. DMALink
DMALink is an electronic price discovery and execution venue for professional FX traders, with a particular focus on emerging markets, Scandie crosses and CE3.
It is also the only institutional ECN enabling market makers to trade with all platform participants at no extra cost.
8. Equiti Capital
Equiti Capital caters to institutional clients and has bespoke liquidity from top tier banks. Trading since 2008, the firm has a very institutional set-up, and was established to fulfil a growing gap in the market left by the credit crunch.
Today, the firm offers multiple liquidity and connectivity solutions, as well as multi-asset market coverage all across the globe.
9. Exinity Connect
Exinity Connect has a wealth of experience in the liquidity sector and specialises in the developing economies of Asia, the Middle East and Africa.
With roots in an FX brokerage, Exinity Connect has a range of trading and investment products, with exposure to commodities, companies and crypto.
10. FXSpotStream
FXSpotStream is a unique provider which is less of a liquidity provider and more of a liquidity access mechanism.
Established in 2011, FXSpotStream eliminates the execution costs for clients, and allows for fully transparent interactions. For example, through one connection you can access 16 single bank liquidity providers and their algos.
11. Finalto
Finalto is a market leader in global financial services, and is one of the most well-connected liquidity providers, providing liquidity and technology solutions for a huge list of names.
Finalto has a comprehensive B2B offering, which enables retail brokers to licence the trading platform, as well as CRM software and liquidity technology.
12. GBE Prime
GBE Prime is a fully regulated liquidity provider serving brokers, banks, funds and asset managers. The institutional arm of GBE Brokers, GBE Prime offers connectivity via three locations – London (LD4), New York (NY4) and Tokyo (TY3). This guarantees extremely low latency trade routing and execution.
13. GCEX
GCEX is an experienced liquidity provider with trusted and well-connected Tier-1 liquidity providers.
Founded by Lars Holst (founder of CFH Clearing, which is now Finalto), GCEX remains a strong FX and crypto liquidity provider that offers over 30 digital assets, as well as deliverable FX.
GCEX was also mentioned as an example of one of our best crypto prime brokers.
14. Hantec Prime
Hantec Prime provides customised liquidity solutions and multi-asset coverage to a variety of clients across the world.
The institutional offering of global trading broker Hantec Markets, Hantec Prime offers market-leading commissions with spreads from zero, access to Tier 1 liquidity, and global market coverage for over 1,850 CFD trading products.
15. ISAM Securities
Part of the ISAM group, which operates as a hedge fund, ISAM Securities works to use these sophisticated tools to serve clients.
ISAM Securities offers Tier 1 liquidity aggregation, Prime of Prime as well as FX and non-FX liquidity.
16. Liquidity.net
Liquidity.net offers direct market access via APIs with the leading proprietary technology international hubs – LD4, LD5, NY4.
It has access to multi-regulated and trusted global partners, including the FCA. Using its unique Multi-Asset Pricing engine, Liquidity.net can manufacture rates using a rate formation engine, which puts clients ahead of the competition.
17. LMAX Digital (Crypto) and Exchange (FX)
LMAX Exchange is an award-winning financial technology company which provides FX trading, operating multiple global institutional FX exchanges for clients.
LMAX Exchange has one of the highest fill ratios at over 99.9%, with only around 0.06% of orders rejected.
In 2018, LMAX Group launched LMAX Digital as a spot cryptocurrency exchange built for institutional investors. LMAX Digital was also mentioned as one of our best crypto prime brokers.
18. Match-Prime Liquidity
Providing award-winning liquidity, Match-Prime offers bespoke liquidity for forex and CFD brokers, providing solutions for professional and institutional clients.
With a growing product range, Match-Prime already combines deep, multi-asset liquidity for over 2,000 instruments, and with Match-Trade Technologies, it is able to deliver tailored propositions to clients.
19. Saxo
Offering liquidity to a global client base, Saxo is a strong financial institution with multi-asset coverage offering a prime broker service.
It provides access to Tier 1 liquidity providers, as well as connectivity to major technology, bridge and platform providers.
20. Scope Markets
Scope Markets (currently operating under Scope Prime) is a global provider of online trading services and institutional liquidity solutions.
It offers tailored liquidity solutions for clients which use market-leading Tier 1 and Tier 2 banks, global liquidity providers, as well as ECN venues.
21. Sucden Financial
Founded in 1973, Sucden Financial is an established firm with a strong institutional FX desk. It provides customised e-FX solutions to a range of global institutions, and has superior liquidity due to its reputation and time in the industry. Sucden Financial offers FX spot, forwards, swaps, OTC options, NDOs, NDFs and deliverable FX, across multiple execution venues.
22. Swissquote
Swissquote is a key player in the liquidity industry, and has been listed on the Swiss Stock Exchange since 2000. It offers Tier 1 liquidity solutions, as well as highly competitive institutional pricing on over 130 financial instruments.
23. TopFX
TopFX has been in the industry since 2010, providing liquidity services as well as trading across CFDs. TopFX serves over 180 startups looking to enter the e-FX and CFD industry, so if you are looking for a liquidity provider for new businesses, then this is the option for you. TopFX also comes with a full package of support.
24. Vantage Connect
Vantage Connect is a multi-asset broker with over 12 years in the industry and operating in 172 countries. It provides trading CFDs on forex, commodities, indices, and shares, as well as market data and trade executions through FIX protocol. They will also integrate MT4/5 bridge technology as well as any custom solutions your business may use.
25. X Open Hub
A wing of XTB, the regulated European financial group listed on the Warsaw stock exchange, X Open Hub offers prime brokerage services and trading technology solutions. With over 15 years in the industry, X Open Hub provides a range of services that make it one of the best options in the market.
How to find the best liquidity provider?
The best liquidity provider depends on your circ*mstances, but there are several factors that you should consider:
Liquidity provider type
Different liquidity providers will offer different kinds of service, and some may be exclusive to particular offerings. Make sure you know exactly what kind of liquidity provider you need before choosing one.
Also ensure that your liquidity provider is verified and has all the necessary regulatory compliance.
Pricing & Fees
Liquidity providers will vary in pricing, so make sure to review the pricing structure to secure the best deal. For example, banks may provide institutional-grade services but will likely have higher fees.
Tools & Features
Does your chosen liquidity provider have the required tools? Check whether your provider offers the right FX, commodity, or cryptocurrency trading tools, to ensure they align with your trading needs.
Make sure that your liquidity provider also has access to the necessary liquidity, as different providers may have access to different types and sizes of liquidity pools.
For risk management, you might need negative balance protection, margin calls, and stop-loss orders, which can protect against market shifts.
Customer support
Accessing liquidity can be complicated, so it’s important that you have all the customer support you need from your liquidity provider.
If you are new, then brokers such as TopFX can provide you with a service tailored to newer companies, and provide consulting as well as more favourable services.
Using LiquidityFinder
Finding the best liquidity provider can take some time, but at LiquidityFinder, we hope to provide a solution.
Research is required in order to find out the best liquidity provider for you, and as many different businesses have different requirements, you will need to find a liquidity provider that caters to your needs.
This is why we created our Match Matrix Service, which through a series of simple questions, will help you find the liquidity provider that is right for you.
You will receive upon completion a personalised list of matching providers, and then with a few clicks be able to contact each one to get custom quotes and answers.
You can also post your liquidity request, and we’ll get back to you with custom quotes from verified providers.
You can also search FX, CFD and Crypto Liquidity Providers by specific instrument on our All Providers page. Add the symbol for the instrument you are looking for liquidity in, and the LPs that offer that instrument will be shown to you. In this example here, we are looking for those LPs that offer pricing in USD/KRW (Korean Won) but the same search can be made for any instrument or currency pair. You can also use this feature to look for which technology providers a Liquidity Provider uses / provides access to. (This example shows which LPs are using the FX aggregator Integral for example).
Author
 | Caleb is a financial copywriter with a specialisation in fintech and forex. Former copywriter at Barclays and Paysafe. Contributing writer for LiquidityFinder. You can message Caleb here. |
