What is an A-Book Broker?
An A-book broker solely focuses on order routing, acting as an intermediary between you and other participants in the forex market. Unlike B-book brokers, who may act as market makers by taking the opposing side of trades, A-book brokers transmit their order flow directly to liquidity providers. This model reduces the conflict of interest between traders and brokers since the broker’s profit is not tied to the outcome of your trade (i.e., they don't lose when you win). A-book brokers typically profit by charging a commission per trade or a small markup on the spread, ensuring their interests align with yours—volume and longevity.
Are All A-Book Brokers Equal?
No, they are not. Some natural differences exist between A-book brokers, like commission rates and spreads, minimum deposit requirements, and even the liquidity providers that serve their clients.
A-Book Execution Metrics
Verify the execution model and costs.
| Broker | ||
|---|---|---|
| BlackBull Markets | A-Book / ECN | From 0.0 |
| RoboForex | A-Book / ECN | From 0.0 |
| FP Markets | A-Book / ECN | From 0.0 |
| Vantage Markets | A-Book / STP | From 0.0 |
| IC Trading | A-Book / ECN | From 0.0 |
| Moneta Markets | A-Book / STP | From 0.0 |
| Tickmill | A-Book / STP | From 0.0 |
| Pepperstone | A-Book / ECN | From 0.0 |
| GBE Brokers | A-Book | From 0.0 |
| Eightcap | A-Book / ECN | From 0.0 |
Detailed Broker Analysis
Top A-Book Broker
FP Markets is our favourite A-book broker, offering ultra-low spreads and commissions appropriate for high-frequency traders. They provide extensive resources and platforms via a real A-Book execution model. Regulated by ASIC and CySEC.
Transparent ECN/STP Model
Vantage Markets is an A-book broker operating an ECN and STP dealing model. It’s our second choice due to competitive spreads and high transparency. They offer up to 500:1 leverage and are regulated by ASIC.
Raw Spreads & Deep Liquidity
IC Trading is a leading A-book broker offering various account types with raw spreads. The company prides itself on competitive spreads, fast executions, and deep liquidity via A-Book execution, supporting MT4, MT5, and cTrader.
Institutional Grade Execution
BlackBull Markets is an ECN Prime foreign exchange broker focusing on strong ECN execution and best-order execution practices. They offer trading conditions from 0.0 pips with high liquidity and fast execution speed.
Education Focused A-Book
Moneta Markets is known for its ECN and STP execution models and heavy educational focus. It provides an easy-to-use platform with various account types suitable for different experience levels, regulated by the FSCA.
Top choice for Top 10 Real A-Book Forex Brokers.
RoboForex is a reputable broker offering excellent trading conditions for Top 10 Real A-Book Forex Brokers traders, with a focus on low costs and reliability.
Top choice for Top 10 Real A-Book Forex Brokers.
Tickmill is a reputable broker offering excellent trading conditions for Top 10 Real A-Book Forex Brokers traders, with a focus on low costs and reliability.
Top choice for Top 10 Real A-Book Forex Brokers.
Pepperstone is a reputable broker offering excellent trading conditions for Top 10 Real A-Book Forex Brokers traders, with a focus on low costs and reliability.
Top choice for Top 10 Real A-Book Forex Brokers.
GBE Brokers is a reputable broker offering excellent trading conditions for Top 10 Real A-Book Forex Brokers traders, with a focus on low costs and reliability.
TradingView Integration
Eightcap offers A-Book ECN execution with TradingView integration. They provide raw spreads from 0.0 pips and are regulated by ASIC. Great for traders who prefer TradingView charting.
Frequently Asked Questions
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January 2026













