10 Top Liquidity Providers for Forex, Crypto, and CFDs in 2025

Trading markets are incredibly active right now. Forex continues to see massive daily volumes, around $7.5 trillion according to the comprehensive BIS survey, while centralised crypto exchange volumes surged dramatically in 2024, hitting nearly $19 trillion for the year.

As demand for trading services surges, brokers need fast, stable, and deep liquidity to stay competitive. Choosing the right liquidity provider is no longer optional — it’s mission-critical.

This overview looks at some of the key liquidity providers operating in 2025, aiming to help brokers and financial firms identify partners suited to their specific needs.

Key Takeaways

• Tier 1 liquidity providers offer the most reliable pricing but are often accessible only through PoP providers.
• The best liquidity providers in 2025 combine deep multi-asset coverage with strong tech and regulatory infrastructure.
• B2BROKER offers a standout solution with 10 asset classes, dynamic leverage, and full integration via one margin account.

The Liquidity Landscape: Banks, Specialists, and Access

At the very top of the liquidity chain are the major Tier 1 banks (JPMorgan Chase, UBS, Citi). They trade huge volumes directly with each other and are known for execution quality. However, getting direct access to these banks as liquidity providers usually requires significant capital and scale.

Most retail brokers and mid-sized firms connect to this top-tier liquidity indirectly. They typically work with specialised liquidity provider companies, often called Prime of Prime (PoP) providers or aggregators. 

These firms gather pricing from multiple sources – including Tier 1 banks, non-bank market makers, and ECNs – creating deep liquidity pools accessible to smaller brokers, often via a single connection.

The explosive growth in CFD and crypto trading has also spurred demand for specialised LPs in these areas. These markets operate 24/7 and can be highly volatile, requiring providers with robust technology to manage risk and offer continuous pricing across hundreds, sometimes thousands, of different instruments.

10 Top Liquidity Providers in 2025

Choosing an LP depends heavily on your brokerage’s needs – target markets, asset classes, regulatory requirements, technology stack, and client base. Here’s a look at some prominent providers operating globally:

1. B2BROKER

B2BROKER is a leading multi-asset liquidity provider offering deep institutional liquidity across Forex, CFDs, cryptocurrencies, indices, and more. The company serves brokers, exchanges, hedge funds, and other financial institutions globally.

What we offer:

• Liquidity for 1,500+ instruments from a single margin account
• Institutional-grade execution with ultra-low latency
• Compatible with MT4, MT5, cTrader, FIX API, and more
• Crypto and CFD liquidity providers setup with flexible pricing
• White Label and turnkey brokerage infrastructure

B2BROKER stands out for its all-in-one liquidity and technology stack, making it ideal for both startup brokers and large platforms seeking scalability and automation.

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2. LMAX Group

LMAX Group operates regulated trading venues for FX and crypto targeted at professional and institutional traders. Known for its no “last look” execution model and transparent pricing.

What they offer:

• Institutional FX and crypto liquidity via LMAX Exchange & LMAX Digital
• Deep liquidity across spot FX, metals, indices, and crypto-CFDs
• Central Limit Order Book (CLOB) model
• Global infrastructure with data centres in London, New York, Tokyo, Singapore

LMAX delivers consistent execution with institutional transparency — a strong fit for regulated brokers and hedge funds.

3. XTX Markets

XTX Markets is one of the world’s most advanced algorithmic trading firms, providing liquidity across multiple asset classes using cutting-edge machine learning technology.

What they offer:

• Market-making in FX, equities, crypto, and commodities
• High-frequency execution and predictive pricing
• API connectivity to various venues and dark pools

With deep technology and a data-first approach, XTX is a go-to choice for brokers seeking fast, quantitative execution and scale.

4. Swissquote

Swissquote is a publicly traded Swiss bank offering multi-asset liquidity and trading infrastructure to institutional partners, including brokers and banks.

What they offer:

• Regulated access to FX, crypto, indices, stocks, and structured products
• Competitive spreads and a strong compliance framework
• API connectivity for advanced execution setups

Swissquote combines banking-level security with deep liquidity, making it attractive to regulated brokerages.

5. Finalto

Finalto (formerly known as CFH Clearing) is a global liquidity and technology provider with a strong institutional focus, supporting brokers and financial platforms worldwide.

What they offer:

• Tier 1 bank and non-bank liquidity aggregation
• Multi-asset execution and risk management tools
• Custom liquidity pools and tailored infrastructure

Finalto is ideal for brokers who want bespoke liquidity with flexible integration and access to diverse markets.

6. GBE Prime

GBE Prime is a Germany-based liquidity provider offering CFD and crypto liquidity to banks, brokers, and asset managers, with an emphasis on execution quality.

What they offer:

• Aggregated liquidity from Tier 1 sources
• Deep integration with MT4/MT5 and FIX API
• Competitive pricing with EU-level regulatory compliance

GBE Prime is a strong match for European brokers looking for high-performance execution and regulated infrastructure.

7. Leverate (LXCapital)

Leverate is a long-standing fintech company that offers end-to-end brokerage solutions, including liquidity services via its LXCapital platform. The firm aggregates liquidity from Tier 1 banks and non-bank providers to serve retail and institutional brokers.

What they offer:

• Access to 2,000+ instruments across FX, commodities, indices, shares, futures, and crypto
• Aggregated liquidity from top-tier global sources
• Seamless integration with trading platforms including Sirix, MT4/MT5, and FIX API
• White Label solutions and full brokerage infrastructure

Leverate is a solid choice for brokers looking for a one-stop shop that combines competitive liquidity with proven fintech tools and infrastructure.

8. X Open Hub

X Open Hub, the institutional division of XTB Group, is a regulated multi-asset liquidity and technology provider headquartered in London, with a technology centre in Warsaw. X Open Hub offers a robust suite of services tailored for brokers, banks, and fintech firms.

What they offer:

• 5,000+ instruments (FX, indices, commodities, crypto, shares)
• Aggregated liquidity and smart order routing
• Cloud-based trading platform and back-office tools

A strong tech-focused LP with a large instrument range and fast onboarding for startup and mid-tier brokers.

9. Equiti Capital

Equiti Capital is a globally regulated liquidity provider with a presence in the UK, UAE, Jordan, and beyond. It serves institutional clients with tailored liquidity and execution setups.

What they offer:

• FX and CFD liquidity across multiple platforms
• Prime-of-prime relationships and margin accounts
• 24/6 support and custom liquidity pools

Equiti is a solid pick for brokers in the MENA region and emerging markets looking for localised support and flexible access.

10. Citadel Securities

Citadel Securities is one of the largest market makers in the world, known for its dominance in US equities and increasing presence in crypto through its role in launching EDX Markets.

What they offer:

• High-frequency liquidity for FX, equities, and crypto
• Institutional-grade execution and pricing
• Cutting-edge trading infrastructure and analytics

For brokers with high-volume needs and access to institutional capital, Citadel offers unmatched execution power and reliability.

How to Choose a Liquidity Provider

Below are the key factors to evaluate when selecting a broker liquidity provider, especially in today’s high-volume environment.

• Asset Coverage

A good LP should offer a wide range of instruments: forex, commodities, indices, equities, and crypto. The more assets available through a single connection, the easier it is for brokers to diversify their offering without managing multiple providers.

Look for LPs that also specialise in CFD liquidity providers, as this market is especially popular among retail traders.

• Execution Speed and Infrastructure

Low latency and high-speed execution are non-negotiable. A reliable LP should offer:

• Co-location with major exchanges
• FIX API and bridge integration with trading platforms
• Aggregation technology with smart order routing

Slow or inconsistent execution can result in slippage, re-quotes, and lost clients, particularly during volatile periods.

• Pricing and Spreads

Competitive pricing is a must, but it’s important to look beyond headline spreads. Transparent fee structures, stable quotes, and minimal markup are all signs of a quality provider. Ask whether they use markups, commissions, or both, and under what conditions.

Unstable pricing during high-volume events can damage client trust.

• Tier 1 Liquidity Access

Top-tier LPs aggregate quotes from multiple sources, including Tier 1 liquidity providers — large banks like JPMorgan or Barclays. While most brokers don’t get direct access to these banks, working with an LP that connects to Tier 1 sources can provide deeper market access and tighter spreads.

Make sure your LP discloses where their liquidity comes from and whether it’s aggregated, internalised, or external.

• Regulation and Transparency

Always verify whether the provider is regulated and in which jurisdictions. Reliable LPs will clearly state their licensing status and offer real-time reporting, post-trade transparency, and historical data access.

Working with an unregulated or opaque LP increases the risk of price manipulation, delayed settlements, or even counterparty failure.

• Support and Customisation

Look for providers that offer 24/7 support, onboarding assistance, and customizable liquidity streams based on your business model (e.g., A-book, B-book, hybrid). The best LPs act as partners, not just service vendors.

What can go wrong?

• Poor liquidity leads to wide spreads and order delays
• Low-quality quotes increase the risk of slippage
• Hidden fees or markups reduce broker margins
• Lack of infrastructure compatibility disrupts operations

Choosing the wrong LP can damage your brand and client trust.

Why B2BROKER Is the Right Provider for Your Brokerage

In a market saturated with options, B2BROKER has firmly positioned itself as one of the most advanced and reliable liquidity providers for brokers and financial institutions. 

We are offering a comprehensive Prime of Prime (PoP) liquidity solution that bridges the gap between retail brokers and Tier-1 institutional markets.

The Prime of Prime Advantage

Institutional-grade liquidity has traditionally been locked behind high capital requirements and exclusive banking relationships. B2BROKER disrupts this model by aggregating liquidity from top-tier banks and non-bank providers, then redistributing it in a flexible format tailored to brokers of all sizes.

Operating on a Straight Through Processing (STP) model, we avoid conflicts of interest by acting as a pure agency broker. This ensures fair, transparent execution — without market-making or internalization.

10 Asset Classes Under One Margin Account

Our liquidity is truly multi-asset and multi-market, offering access to 10 major asset classes through a single margin account:

• Forex
• Crypto CFDs
• Metals
• Indices
• Energy
• Commodities
• Non-Deliverable Forwards (NDFs)
• Equities
• ETFs
• Fixed Income

This level of coverage allows brokers to serve a broader client base, from day traders to institutional investors, without the complexity of multiple integrations or counterparties.

The solution also features dynamic leverage up to 1:200 on major asset classes like Forex, Metals, Indices, and Energy — ideal for high-volume environments and algorithmic trading setups.

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Built on Industry-Leading Technology

Execution quality starts with infrastructure. B2BROKER’s liquidity ecosystem is built on a robust tech stack that includes:

• OneZero
• PrimeXM
• Centroid
• FIX API and WebSocket for fast, automated trading
• Real-time risk analytics and exposure monitoring

These tools give brokers deep control over order routing, risk settings, and pricing. The infrastructure is also designed to scale automatically as trading volumes grow, ensuring long-term performance and reliability.

Institutional-Grade Security & Failover

Speed is crucial, but so is resilience. Our global server network spans key financial hubs — the US, UK, Japan, and China — reducing latency and ensuring high-speed execution.

To safeguard operations, the system includes:

• Anti-DDoS protection to maintain uptime during cyberattacks
• Failover architecture to prevent execution interruptions
• Secure data protocols and fund segregation policies to protect client assets

Transparency, Compliance, and Customisation

Regulatory transparency is core to the solution. Our company is licensed in Cyprus, Mauritius, Seychelles, Labuan, and South Africa, and operates under strict oversight with clear policies on fund segregation, reporting, and execution quality.

Brokers can tailor their liquidity pools, leverage configurations, and execution models to align with their specific regulatory environments, business models, and target markets.

Dedicated Support & Global Reach

Every client benefits from 24/7 multilingual support, dedicated account managers, and access to seasoned liquidity experts. Whether you’re integrating liquidity into an existing platform or building a new brokerage from scratch, our professionals ensure a seamless, fully supported onboarding process.

Proven Track Record

Today, over 500 brokers and financial institutions worldwide rely on our liquidity to power their trading infrastructure — a testament to the platform’s depth, speed, and institutional reliability.

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Final Thoughts

Reliable liquidity is essential for any broker. Without it, you can’t offer tight spreads, fast execution, or handle growing client demand — especially in high-volume markets like forex and crypto.

Choosing the right liquidity provider directly impacts your platform’s performance and profitability. The ten companies listed here are among the strongest options in 2025, each offering institutional-grade infrastructure, asset coverage, and technology.

FAQ

What are Tier 1 liquidity providers?

These are the biggest liquidity providers, including top global banks and financial institutions, that offer the deepest and most reliable liquidity in the market. They typically include names like JPMorgan, Citi, and Barclays, and are used by institutional traders and prime brokers.

What’s the difference between a market maker and a PoP liquidity provider?

Market makers take the opposite side of client trades and profit from spreads. Prime of Prime providers like B2BROKER route trades to Tier 1 sources without taking market risk, offering better transparency and execution.

Can I get crypto and forex liquidity from the same provider?

Yes. Many modern liquidity providers — including B2BROKER — offer multi-asset liquidity from a single margin account, covering forex, crypto, CFDs, and more.