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DMA (Direct Market Access) | DMA Forex brokers




What is DMA?

DMA - Direct Market Access - is a type of FX execution where traders are offered direct access to the physical market, enabling them to place trading orders with liquidity providers (leading foreign exchange banks, other brokers, market makers etc).

Sounds similar to STP and ECN dealing? It's close, but there is a difference.

DMA (Direct Market Access) is offered by ECN brokers and by some STP brokers.
In fact, ECN brokers always offer DMA, but not all STP brokers offer DMA. Let's take a look at the differences.


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Broker discussion area

trader

January 17, 2012

I thought my choice was made and that i would go for an ECN broker, but i just foudn out that apart from few advantages it has,
The DOWNFALL to ECN trading is that unless there is an exact match, the forex sale cannot be executed.
Does it mean the price has to stall for a while at a certain level ex: 1.2790(5) and then can close the trade? What about during fast moves or spikes ? will the order be filled or not with ECN technology? Will the stop be honored ?

I read so much about ECN vs DMA STP vs DD/MM, that now i really start to think the best of the best is DMA/STP, with the condition to trade only with :
(1)Brokers that have more LP
(2)Standard lots and not 0.1 or below.
(3)and stay away from the news release.

Whereas if you are using a Market maker, can make pips during news release, or during one or two of those big spikes that the Eur-Usd displays some times. Close and re-open the trade after 12/15 pips, placing stops not in cluster zones, and moving the entry stop-sell or buy stop... limit every 3/4 mins.
MM hates not stable people.It confuses them.That is at least what i have found out in my three months trading.

trader

February 9, 2012

Hello Broker Guru
I am new to FX, I want to ask one question
is it ok to download and use MT4 from 2 different brokers at same time on same computer?
Thanks

BrokerGuru

February 10, 2012

Yes, absolutely.
You can run several MT4 platforms from different brokers on the same computer.

@ trader: more details about ecn+ndd+stp brokers here: http://www.100forexbrokers.com/stp-ecn-brokers

trader

March 5, 2012

TradeNovaFX is DMA/STP
(http://www.tradenovafx.com/)

trader

March 6, 2012

Migbank is DMA?

BrokerGuru

March 6, 2012

Mig Bank - yes.

trader

March 8, 2012

hi.
fxdme (fxdirectmarkets) is dma also

trader

March 10, 2012

I doubt FBS is a real DMA or ECN broker

trader

March 10, 2012

Hello BrokerGuru,

this site is the best forex site I have ever seen.

I have a question.
FBS broker is listed in the DMA/STP list, but on their website I only can see ECN/STP.

why?

Thank you

BrokerGuru

March 10, 2012

fxdme. com opens accounts via GAIN Capital (Forex.com)
Gain Capital offers ECN only on accounts from $100,000. The rest is a dealing desk. As far as I know Gain Capital doesn't have DMA accounts.

ECN brokers charge commission for trading, and offer Depth of the market (DOM) in their platforms.
FBS doesn't charge commission, only spreads. It fits into the DMA category for standard accounts with variable spreads and market execution of orders.

trader

March 17, 2012

HI Universal is Dma?

BrokerGuru

March 19, 2012

Universal FX is ECN.



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