The service started with a presentation of wreaths, before a bugler played The Last Post.
A two-minute silence was observed by the crowd of more than 7,700 spectators, before the Reveille was played.
Stadium announcer Trevor Marshall read the Exhortation and the Kohima Epitaph as part of the service, before the Armed Forces personnel marched off the pitch to applause from the crowd.
At half-time in the match, which the Dons won 6-1, there was a parade by Armed Forces personnel around the edge of the pitch.
Dignitaries in attendance included Milton Keynes Mayor Paul Trendall.
Photos of the service by Jane Russell.
1. MK Dons Remembrance Service
MK Dons players line up on the centre circle for the club's Remembrance Service Photo: Jane Russell
2. MK Dons Remembrance Service
The laying of wreaths started proceedings for MK Dons Remembrance service Photo: Jane Russell
3. MK Dons Remembrance service
Dignitaries line up for the service - from left Milton Keynes Mayor Paul Trendall, and the city's MPs Emily Darlington, Callum Anderson and Chris Curtis Photo: Jane Russell
4. MK Dons Remembrance service
A bugler played The Last Post and Reville during the service Photo: Jane Russell