HOME   SEARCH BROKERS   COMPARE BROKERS   REVIEW BROKERS   ADD A BROKER YOUR FEEDBACK LIVE FOREX CHARTS  
ADVANCED BROKER SEARCH & COMPARISON
BROKER CYBERSEARCH

391 Forex broker updated daily — Search, customize, sort, compare in few clicks! Welcome to experience the Broker Search on a whole new level!

DMA Forex brokers | DMA (Direct Market Access)




DMA 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.

True DMA Attributes

  • only Market execution
  • only variable spreads
  • only 5 digit pricing
  • optional feature: DOM access (depth of the market book access)
Compare DMA Forex brokerdma forex brokers Broker typedma forex brokers Minimum dma forex brokers
deposit
Maximumdma forex brokers
leverage
Minimumdma forex brokers
lot
Spreaddma forex brokers
EUR/USD
Regulateddma forex broker
FXTM (ForexTime) ECN/STP & DMA/STP & STP$51000:10.011.3 - 1.5
AAAFx DMA/STP$300500:10.010.2
Abshire-Smith DMA/STP & Market maker$1400:10.011.2
Advanced MarketsECN/STP & DMA/STP$500000100:10.010
AmendaECN/STP & DMA/STP $500100:10.010
AssetsFXECN/STP & DMA/STP$200200:10.010n
ATIORAECN/STP & DMA/STP & STP$50100:10.011.2n
Atom8ECN/STP & DMA/STP & STP£5000200:10.10.6
AxioryDMA/STP$500500:110.3
Axiory EuropeECN/STP & DMA/STP$1000200:10.010.9
AxiTraderECN/STP & DMA/STP$1400:10.010.1 - 0.6
BlitzbrokersECN/STP & DMA/STP $100400:10.011
Core Liquidity MarketsECN/STP & DMA/STP$250500:10.010.3
Currency HouseDMA/STP$1000200:10.011.6n
DarwinexDMA/STP$500200:10.010.25
Direct FXECN/STP & DMA/STP$100400:10.010.2
Divisa CapitalECN/STP & DMA/STP$5000100:10.010.2
Euro Pacific BankDMA/STP & Market maker$1000100:10.51.8
FBSDMA/STP & STP$11000:10.011
FCI MarketsECN/STP & DMA/STP & STP$250400:10.010.2 - 0.8
FIBO GroupDMA/STP & Market maker$300200:10.010.8 - 2
FIBO Group HoldingsDMA/STP & Market maker$300200:10.010.8
Fidelis (Belize)ECN/STP & DMA/STP$5400:10.010.8
Forest Park FXDMA/STP & STP$150:10.010.2
Forex FSDMA/STP$100500:10.011.9
Forex4youDMA/STP & STP & Market maker$11000:10.010.31
FP MarketsECN/STP & DMA/STP$200500:10.010.7
FW MarketsECN/STP & DMA/STP$100500:10.011.5 - 2.5n
FXFairECN/STP & DMA/STP$25500:10.012n
Gallant Capital Markets (GCMFX)DMA/STP$250400:10.011.5 - 2
GBE brokersDMA/STP & STP€1000200:10.010
Grinta InvestDMA/STP$100500:10.011.7n
IamFXDMA/STP$500500:10.010.1n
Indigo DMAECN/STP & DMA/STP$10100:10.010n
Invast GlobalDMA/STP$18000100:10.010
InvestorseuropeECN/STP & DMA/STP$250400:10.011
ITI FXECN/STP & DMA/STP$50300:10.010.2 - 1.2n
KAWASEDMA/STP$100500:10.010.1
LiteForexDMA/STP & STP$101000:10.0011.8 - 3n
LMAXDMA/STP$10000100:10.010.36
Market InvestmentDMA/STP$100500:10.011.3 - 1.5n
Marshal FXDMA/STP$500100:10.011.5n
Milton MarketsDMA/STP$250800:10.010.2 - 1.5
NAS BrokerDMA/STP & Market maker$1100:10.010.7n
OctaFXDMA/STP$5500:10.010.2
OloFxDMA/STP$100500:10.012
PepperstoneECN/STP & DMA/STP$200500:10.011
Profx MarketECN/STP & DMA/STP$10500:10.011n
Sterling Gent Trading (SGT)ECN/STP & DMA/STP$50400:10.010.9 - 1.6
STO - SuperTradingOnlineECN/STP & DMA/STP & Market maker$20500:10.011.8
Sun Hung Kai ForexDMA/STP$500020:10.011.6
SunbirdECN/STP & DMA/STP$1000300:10.011.2n
ThinkMarketsECN/STP & DMA/STP$250400:10.010.8
TIX FXDMA/STP$500300:10.011.5n
Traders WayECN/STP & DMA/STP & Market maker$11000:10.010.7 - 2n
TradeStation SecuritiesDMA/STP$2000100:10.11.6
Tradeview ForexECN/STP & DMA/STP$100400:10.010.7
Unum CapitalDMA/STP & STP$500100:10.13n
Valbury CapitalDMA/STP$10000100:10.11.5 - 0
VARIANSEECN/STP & DMA/STP$500200:10.011
Velocity TradeDMA/STP$1000100:10.011.1
vPE BankDMA/STP$5000100:10.40.8
WH SelfInvestDMA/STP€250050:10.010.8
XGLOBAL MarketsDMA/STP & STP$500200:10.011
YadixECN/STP & DMA/STP$100500:10.011.5
ZAR FXDMA/STP & STP$500300:10.010.2n


Do you know another DMA Forex broker? Please suggest by adding a comment below. Thank you!


DMA/STP vs STP

dma forex brokers platform

With regular STP (Straight Through Processing) - a broker will fill clients' orders (though Instant execution) on his own side. Then a broker will go to hedge these orders with own liquidity providers.

Since a broker seeks profits in this hedging operation, traders can experience re-quotes if there is no profitable hedging opportunities for a broker at the very moment your trading request was submitted.

The price you get from an STP broker will be higher than the best price a broker can receive from the liquidity provider.

With DMA/STP (Direct Market Access STP) - a broker will pass clients' orders directly to the liquidity providers, where it'll be filled at the best available price with one of the liquidity providers (+ a small fixed mark-up from the broker).

This is done using Market execution, which ensures that all orders will be filled at the best offered rate (which, however, might not be the exact rate you clicked on (your connection speed combined with short-lived price bids from liquidity providers), but since DMA technology always has only real tradable prices, there will be no re-quotes, your trade will always be opened and closed on your click.


DMA/STP brokers

DMA/STP brokers provide transparent direct access to the best bid/ask prices offered by liquidity providers.
Unlike regular STP brokers:
1) DMA broker has a greater number of liquidity providers;
2) DMA broker never offers fixed spreads, only variable, because bid/ask prices constantly change as they come from liquidity providers;
3) DMA order execution is always Market execution;
4) There is no re-quotes.
5) DMA can also offer Depth of the Market book (similar to ECN), where traders are able to see all bid/ask quotes from different liquidity providers;
6) DMA trading model welcomes traders of all types and styles: scalpers, news traders, swing traders, position traders or other regular traders.


DMA vs ECN

Spread competition
Each DMA broker has his own contract with each liquidity provider (LP), and even with the same LPs these contract conditions may vary from broker to broker.
Even then, DMA spreads are quite competitive comparing to ECN. This is explained by 2 factors:

  • ECN brokers are connected to anonymous ECN pools (where there are no direct contracts with each LP). Inside these ECN pools brokers may not receive the best possible rates from all liquidity providers (for example, banks are known to hold back their best prices inside ECN pools).
  • ECN technology solutions (facilitation, processing, execution) come at a cost, which has to be paid for.

DMA/STP broker doesn't have fewer technology expenses and no ECN-associated expenses. The spreads from DMA/STP brokers remain low because these brokers enjoy the best direct price quotes from the banks and/or other liquidity providers. To make profits, DMA/STP brokers add small mark-ups to all spreads they pass from liquidity providers.

Execution

  • DMA price rates are streamed directly from liquidity providers, which are committed to their bid/ask offers. This ensures that there will be no re-quotes, rate rejections or partial fills.
  • While due to the nature of ECN liquidity pools (where anonymous participants can place "illusive" orders and then reject them) traders might see more re-quotes, slippage and partial fills.

Fee Structure

  • ECN brokers are compensated though commission.
  • DMA brokers add a small fixed mark-up on the spreads, but there is no commission.
Some DMA brokers can also charge monthly volume fees (including inactivity fees) based on investor's trading volume. Thus if you don't plan to trade frequently and with high volume, you may end up paying higher fees for the privilege to trade on best price quotes and low spreads with such DMA brokers.

Other

  • DMA and ECN brokers offer only variable spreads;
  • both have fractional pricing;
  • both have DOM (Depth of the Market) orders book, although you won't always see it with DMA/STP brokers.

As DMA becomes more popular, it rises the standards of execution technology and overall trading quality.

Copyright ©100Forexbrokers.com | All Rights Reserved


DMA Forex brokers

Relevant topics:




Broker discussion area

trader

March 13, 2017

is forexgrand.com a DMA broker?


BrokerGuru

March 3, 2017

No, XM is a dealing desk (market maker).


trader

February 24, 2017

is XM.com a direct market access broker?


trader

December 6, 2016

Prior fx, highly recommended .


trader

June 16, 2016

FX united is real forex broker? Why they are not listed? Please reply. Tq.


trader

March 19, 2016

Please to add Fxunited in DMA list. You had better to check it out, but not only see company website.


trader

March 4, 2016

Fxunited is not Malaysia, it is from Newzealand.


trader

March 3, 2016

Fxunited is not up yet. Please update asap 100fxbrokers


trader

February 26, 2016

https://www.100forexbrokers.com/reviews-ratings/fxunited


trader

February 25, 2016

Fxunited Malaysi is real forex broker or scam ? Pls explain


BrokerGuru

February 18, 2016

FxUnited should change their wording about the spreads, currently on a Premium account "Fixed from 0.0 pips".
They cannot be fixed with Market execution.
We don't have FxUnited in our global broker list (which we have to fix), so once it's been listed, you'll see it being added to all applicable categories on the site.


trader

February 18, 2016

What about FxUnited? What are they?


trader

February 16, 2016

FxUnited (Market Execution) 1:200 MAX Leverage
CGAT Account, Premium Accounts:- Variable Spread
WINST, Standard Account:- Fixed Spread

DMA/STP & Market Maker (Hybrid Model)
http://fxunited.com/about/business-model.php

LPs on the front page (right at the bottom)
http://fxunited.com/index.php


trader

February 16, 2016

You've missed our FxUnited in your new list. Variable spread on CGAT accounts and dealing with Liquidity Providers as on their site. Can verify with me for proof [email protected]

Cheers.


BrokerGuru

January 20, 2016

Thank you! Will be checked.


trader

January 19, 2016

An other DMA/STP broker
www.phillipcapitaluk.com


trader

November 30, 2015

octafx claim they are true ecn broker.i think with only 5$ minimum account opening they are not ecn.


trader

October 13, 2015

For DMA broker, Yadix is the best for me for execution and conditions


BrokerGuru

August 21, 2015

Possible reason: a broker could not deliver promised trading volume to the LP.


trader

August 15, 2015

Gd day. Could you help me on this. What could be the reasons behind if a LP withdraw from an earlier agreement with a Broker?


BrokerGuru

August 7, 2015

According to data they've submitted - CM Trading is STP + Market maker


trader

August 6, 2015

Hi What do we consider CMTRADING? DMA?


trader

July 28, 2015

new DMA broker
http://www.rubixfx.com


BrokerGuru

July 28, 2015

Thank you!


trader

July 28, 2015

http://www.xm.com/faq
Hi XM is not a DMA nor ECN nor STP search for the word STP in the link above they admit being Market Makers


BrokerGuru

July 19, 2015

Thank you!
will be added.


trader

July 1, 2015

New DMA/STP broker,
www.onetrade.com


trader

March 2, 2015

Hello!
What about FXTM(forextime.com) is a DMA/STP broker?

Thanks


trader

February 21, 2015

Hi there,

I am King from Kuala Lumpur. Need advise on the authentication of FX United brokerage company. Is this company originated from Britain?. The FX United's CGAT plan, is it a successful plan?. What is the success rating in investing into this CGAT plan. Has there been any complaint from traders in pertaining to suucessful return rates of 12% monthly?. Has there been any withdrawal problems from FX United?. Where is FX United main office and office address?. Can you please answer the above questions?. Appreciate your advise provided.


BrokerGuru

February 17, 2015

yes,
1. How long they've been in business
2. Regulation
3. Check their support by calling (preferred) or emailing. Ask anything and see
how well they respond.
4. Some brokers may offer several accounts on their site: DMA and STP and Dealing
desk, so make sure the account you've selected is DMA.
5. Spreads
6. Minimal trading lot (you want to be flexible and trade as low as
0.01 lot)
7. Read reviews. Make sure you see no reviews about cancelled profits
or denied withdrawals.

I'm sure you also saw our article about choosing a broker:
https://www.100forexbrokers.com/how-to-choose-forex-broker

This should give you a good idea about the right brokers for your needs.


trader

February 16, 2015

Sir i want to get some guidline that select and eliminate DMA brokers that what are the main points to choose true DMA brokers like 1. how old are they? 2. how many instrument they have like currency,gold,feature,cfds and others etc 3. minimum spread and 4. with strong regulation plz give me also more suggestion and also email me.
Thanks


trader

December 15, 2014

GoMarkets Australia is a DMA/STP Broker ?


trader

December 12, 2014

Sir i suggest that you should be updating the profile or information about this fx brokers, like their newest address, place of operation and so fort. e.g forextime ( fxtm) has changed their address of location from cyprus to belize.

MAECHILIN


trader

November 1, 2014

Oanda is a Market Maker, Alpari.com has several account types:STP, ECN and dealing desk accounts.


trader

October 30, 2014

sir oanda and alpari is DMA broker?


trader

October 29, 2014

Sir i want to know how old are all brokers so plz give me link in which i could see each and every brokers year founded and also plz email me... thanks


BrokerGuru

October 14, 2014

@ trader: We've created a separate page about Forex brokers in India. Hope it'll be of some help.

@trader: Thank you! Smartest Finance company doesn't seem to have an English version of the site (besides Google translate). We gladly list International brokers only if they have an English website.


trader

October 6, 2014

LMAX Introducing Broker
Smartest Finance - LMAX Trading for Forex Professionals
http://www.smartestfinance.com/heavy-fx-trading-institutional-trader/lmax-exchange-london/broker/lmax-konditionen/


trader

September 19, 2014

I am new to Forex, Please suggest me some ECN/STP brokers in India.


trader

July 22, 2014

What about ATON? I think they are DMA. Here is their website: http://www.atonbroker.com/en/products/dma/brokerage_solutions/

BrokerGuru:

Thank you! ATON serves businesses only: institutional trading & asset management. We list services offered to individuals.


trader

July 4, 2014

Hi, Brokerguru,

Thanks for your excellent information on brokers.

I have a question: On this page Axitrader is a DMA broker, but Axitrader is also listed as an ECN broker. How come?

Thanks.

Kahfie

BrokerGuru:

Hi Kahfie, that means that Axitrader has 2 different accounts: DMA (from $200) and ECN (from $1000 minimum deposit).


BrokerGuru

June 7, 2014

@ trader: FxUnited.org says "Full STP, ECN, NDD and Liquidity Banks". Offering an IB partnership program doesn't mean being a Dealing desk. IB partnership can be established between all types of brokers: ECNs, STPs and/or Market makers.

@ trader: If a broker openly lies on their site that they are not market makers. Then what other questions do you want to ask such brokers? Will you still consider trading there? That's the point.
If a broker states that they offer DMA we believe them, but yes, we do make sure that they at least have Market execution exclusively, variable spreads and 5 digit quotes. Other than that further checking could be only done through opening a live account. We don't have the capacity to do such verification for each broker yet.


trader

June 4, 2014

Hi Brokerguru,

FXunited they have IB (Introduce Broker) program, are they DD broker?


trader

April 3, 2014

Hi, how do you know that broker A is true DMA? By its website? We know that many brokers state that they are not market maker, bla, bla. But in fact, they are.


trader

March 30, 2014

I think that Atom8 can't be DMA/STP when its written on their page thats they hedge possitions... maybe ECN, instant execution, not market.


aa++

March 20, 2014

SaxoBank is a bank. All banks are market makers.
Saxo can give you DMA conditions, but market making is also a part of their business. How they choose to do it, you should ask them.


trader

March 20, 2014

Anyone knows for certain if Saxo Bank a DMA/STP broker or not?
On their website they say they provide DMA but on their Disclaimer it says

"Saxo Bank may act as market maker in all products not traded on an exchange
(i.e. OTC products such as foreign exchange and CFDs)
and may therefore be on the other side of any trades conducted by clients in these products."


BrokerGuru

December 26, 2013

Yes, thank you!
Found MT4.VAR accounts, which fall under DMA/STP category.


trader

December 24, 2013

Trader's Way ist a DMA broker.


BrokerGuru

December 26, 2013

@trader: Pepperstone micro accounts are fine for DMA, and so is connection to 22 banks and ECNs.

@trader: 0 spread + $commission, yes, such conditions are offered by:
4XP
Fortune4x
InstaForex (Account type: Eurica)
IronFX
Pacific Financial Derivatives (PFD-NZ)



Write your comment or a review

Image CAPTCHA
Enter the characters shown in the image.
© 2008 — 2017
100FOREXBROKERS.COM
ALL RIGHTS RESERVED
BROKERS
Search
Review
Add a broker
TERMS OF SERVICE
Disclaimer
Privacy policy
COMPANY
About us
Contact
Careers
Investors
PARTNERSHIP
Advertise
Your feedback
Link to us