Top 25 Liquidity Providers of 2025

 

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.   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. LiquidityFinder users should contact Charles Mutie, in Sydney.

 

---

 

3.   ADMISI

As part of ADM Investor Services International Limited (ADMISI), the FX desk at ADMISI is focused on providing high-quality, tailored solutions for institutional clients, with a focus on the corporate space. The desk currently serves asset managers, hedge funds, institutional brokers, and regional banks, but is strategically expanding into corporate treasury operations. With their robust balance sheet, ADMISI can offer deliverable FX services across an impressive range of currency pairs. This includes exotic currencies like Saudi Riyal (SAR) and UAE Dirham (AED), making them an excellent option for companies with global treasury needs. 

The main contacts are Peter Brooks and Jessica Reid

 

 

---

 

4.   Alchemy Prime

Based in London and authorised by the FCA, Alchemy Prime is a Prime of Prime brokerage firm offering tailored liquidity solutions to professional clients, including brokers, hedge funds, and proprietary trading firms. Alchemy Prime are a Liquidty Provider to mini-Primes. 

Alchemy Prime provides multi-asset liquidity with low-latency pricing across FX, commodities, indices, and equities. The firm offers a flexible approach to client onboarding and provides connectivity through MT4/MT5, FIX API, and GUI platforms. Its specialist support and customisable setups make it an attractive choice for firms looking to optimise execution and expand market access. 

 

 

---

 

5. ATFX Connect

ATFX Connect is the institutional arm of global brokerage ATFX, tailored for professional and institutional clients such as hedge funds, asset managers, and brokers. With a strong presence in London and regulatory oversight from the UK’s FCA, ATFX Connect delivers deep, multi-asset liquidity and institutional-grade execution via FIX API and GUI platforms. ATFX has a very large retail client base which ATFX Connect can build on to enhance its liquidity that it provides to institutiional customers.

ATFX Connect offers access to Tier 1 bank and non-bank liquidity, ECN venues, and a broad range of FX, precious metals, and CFD products. Its focus on technology and client-centric service makes it a reliable partner for institutions seeking customisable liquidity and advanced analytics. ATFX Conect has technology which means that their pricing can be considered unique and not simply a reproduction of core market maker pricing. 

 

---

 

6. 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. LiquidityFinder users should contact Joseph Mottershead.

 

---

 

 

7. 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. 

 

 

 

---

 

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. Exante 

EXANTE is a global investment company providing direct market access to over 50 financial markets through a single multi-asset platform. With a strong focus on serving buyside clients such as asset managers, family offices, proprietary trading firms, and professional investors, EXANTE delivers institutional-grade infrastructure backed by robust regulatory credentials.

Founded in 2011 and regulated in multiple jurisdictions including the UK and Cyprus, EXANTE offers access to 1,000,000+ instruments, including stocks, ETFs, bonds, futures, options, currencies, and cryptocurrencies. Their proprietary trading platform combines execution and custody, with a strong emphasis on security, reporting, and transparency — all key requirements for buyside participants. LiquidityFinder users should contact Luke Dods.

 

---

 

10. 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 extensive network of FX brokerages, Exinity Connect has a range of trading and investment products, with exposure to commodities, companies and crypto. Exinity has technology which means that their pricing can be considered unique and not simply a reproduction of core market maker pricing. The main contact for LiquidityFinder users is Mukrram Ali.

 

---

 

11. 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. You can see the progress of the volumes on the network building month by month, as more and more bank market-makers join the system, and more clients are added as users, here. 

LiquidityFinder users should contact Harry Callaghan for EMEA Sales, or Campbell Cleland for Asia / APAC.

 

---

 

12. 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. Formerly known as CFH Clearing, the firm was founded in 2008 and quickly became a well-established Prime of Prime provider before being acquired in 2016 by Playtech, a London-listed technology company. Today, Finalto operates as part of the Gopher Investments portfolio following its acquisition from Playtech in 2022.

 

With offices in London, Copenhagen, Singapore and other financial hubs, Finalto offers deep, multi-asset liquidity, turnkey trading solutions, and fully integrated back-office and CRM technology. Its end-to-end B2B ecosystem is trusted by retail brokers and institutional counterparties alike, making Finalto one of the most connected and versatile providers in the industry. Finalto has a comprehensive B2B offering, which enables retail brokers to licence the trading platform, as well as CRM software and liquidity technology. The main contact for LiquidityFinder users is Director of Sales Michael Bleys in London. 

 

---

 

13. GCEX 

GCEX is an experienced prime-of-prime with trusted and well-connected Tier-1 liquidity providers. The business model is pure A-book, with no risk taing by the firm. 

 

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. Senior GCEX staff have roots in Saxo Bank where many of the senior management previously had senior roles. 

 

GCEX is also mentioned as an example of one of our best crypto prime brokers. The main contact for LiquidityFinder users is Sales Director Soren Bjerregaard.

 

 

---

14. iSAM Securities

iSAM Securities is a global, multi-asset liquidity provider and agency execution specialist, consistently recognised as a top-tier venue for institutional and professional trading firms. The firm delivers deep liquidity across FX, precious metals, indices, energy and cryptocurrencies, with execution designed to support both high-frequency and relationship-driven flows. Through a technology-led approach — including robust connectivity, low-latency infrastructure and transparent, controllable pricing — ISAM Securities supports brokers, funds and trading venues looking for reliable, scalable liquidity and high-quality execution across market conditions.

 

 

---

15. 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.

 

---

 

16. MAS Markets

MAS Markets is an FCA regulated broker that provides Multi-Asset liquididty to Professional Clients. Founded by Simon Blackledge, who gained a lot of experience with MT4 white label provider Itexsys, the business has grown rapidly and now has a sister company MAS Digital for Digital Asset liquidity. MAS Markets use Tier-1 banks, non-bank market makers and alternative liquidity venues to provide institutional grade tliquidity to clients in over 35 countries. LiquidityFinder users should contact Shobin Simon.

 

 

---

 

17. 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.

 

---

 

 

18. Sage Capital Management

Sage Capital Management, founded by Nathan Sage, is a Prime of Prime liquidity provider / Digital Prime Broker specializing in digital assets, offering institutional clients deep, aggregated liquidity across 200+ crypto pairs with ultra-tight spreads and 24/7 pricing. Sage offers dealing via an API and GUI, or a data feed that can be used by brokers for pricing. You can view their live pricing for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Solans (SOL) on their page on LiquidityFinder (click the image below).

 

The person to contact for LiquidityFinder users is David Mallinder, Head of Sales.

 

 

---

 

19. Scope Prime

Part of the Rostro Group, Scope Prime is a global provider of online trading services and institutional liquidity solutions providing access to FX, CFDs, equities, indices, commodities, and DMA futures. Scope Prime are continuously innovating and increasing their product range. For example they offer access to Gold pricing in Australian Dollars, Euros, Japanese Yen, British Pounds and Chinese Yuan. 

 

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. LiquidityFinder users should contact Lochlan White.

 

 

 

---

 

20. 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.

 

 

---

 

21. 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. 

 

 

---

 

22. 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. LiquidityFinder users should contact Tal Dar, Institutional Sales. 

---

23. VS Capital

VS Capital is a multi-license brokerage house delivering tailored, institutional solutions across global markets. Owned and operated by industry veterans, the firm provides a true white-glove service experience, backed by award-winning liquidity, with a specialized focus on precious metals and best-in-class Crypto CFDs. VS Capital combines deep market expertise with robust regulatory oversight under CySEC in the EU and the FSA in Seychelles—ensuring clients benefit from both innovation and trust. LiquidtyFinder members can contact Lukas Varaneckas

 

 

---

 

24. 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 circumstances, 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

---