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Direct Market Access (DMA) Broker

DMA brokers are best suited for advanced traders who want to have direct access to the market.

Keynote:
Direct market access is the direct link to financial market exchanges that allows a financial market transaction to be completed. Exchanges are organized markets where stocks, commodities, derivatives, and other financial instruments are traded.

How this benefits you as a Trader?

The DMA model gives you access to real-time prices, the full depth of the market, and the order book of the exchange. DMA CFDs are also a powerful tool for trading because you can use leverage, pay low commissions, and sell short.

What Is Direct Market Access (DMA)?

Direct Market Access(DMA) is an electronic trading method in which investors can make trades by communicating directly with an electronic order book.

Understanding How a Direct Market Access (DMA) Works

Traders can place Buy or Sell orders directly with the exchange order book when they have direct market access. Before the DMA, only broker-dealers and market-makers could do direct trading with the help of the order book.

Now, private organizations and investors can do it, too. Some retail online brokers are also able to offer this service. These kinds of services are called DMA brokers because they let you use the market book.

In the financial markets, the term “Direct Market Access” (DMA) refers to electronic trading systems that let traders interact directly with the order book of a stock market.

What Is A Direct Market Access (DMA) Broker?

A direct market access (DMA) broker is a type of broker that provides direct access to the markets. DMA brokers typically charge a commission on each trade but offer tight spreads and fast execution.

DMA brokers give traders direct market access to exchange order books. For better pricing and execution of futures, options, and CFDs. They let traders see the prices of different market orders and place their own orders based on what they see, without using middlemen. This way of trading has a lot of pros.

Direct Market Access is also called Level 2 or L2 trading because it gives access to detailed information about the depth of the market from different exchanges.

Using Level 2 data, you can figure out how the market feels and how much money is in it. When you trade DMA CFDs, you can place orders at any level and possibly even within the spread. You can also act as a “price maker.”

Recommended Brokers

Are you looking for a professional, regulated broker? Broker offers access to a wide range of markets and assets, including forex, commodities, indices, and more.
With a regulated ECN Broker, you can trade with confidence, knowing that you’re getting competitive prices and expert support.
Visit a Broker today to open an account and start trading.

Broker

Regulators

Max. Leverage

Spreads

Trading Acc.

Instruments

Connect

FP Markets 

ASIC, CySEC

Up to 1:500*

From 0.0 pips

Broker Type:
STP | ECN | DMA 2 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, ETFs Crypto, Bonds

Eightcap

ASIC, VFSC

 Up to 1:500 

From 0.0 pips

Broker Type:
STP | ECN
 2 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

IC Markets

AFSL, ASIC, CySEC, FSA

Up to 1:500

From 0 pips

Broker Type:
ECN
6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

Axi 


ASIC, FCA, DFSA, FSC

Up to 1:500

From 0 - 0.4 pips

Broker Type:
STP | ECN
 3 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

InstaForex

BVI FSC

Up to 1:1000

From 0 pips

Broker Type:
MM | Binary
 6 Accounts

Forex, Indices,
Commodities,
Metals, Energies, Shares, Crypto

NordFX

VFSC

Up to 1:1000

Floating spread from 0.9 pips

Broker Type:
STP | ECN
4 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

FXOpen 

ASIC, FCA

Up to 1:500*

Floating spread from 0 pips

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

Vantagemarkets

CIMA, ASIC, FCA

Up to 1:500*

From 0.4 pips

Broker Type:
STP | ECN
4 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

RoboForex

FSC

Up to 1:2000

From 0.0 pips

Broker Type:
MM | STP | ECN
5 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
ETFs, Shares, Crypto

Fxview

CySEC, FSCA  and FSC

Up to 1:500

From 0.0 pips

Broker Type:
Raw | Zero | Premium
3 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

FBS

CySEC, FSC, FSCA, ASIC

Up to 1:3000 

From 1 pip

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

Blackbull
Markets

FMA, FSA

Up to 1:500

From 0.0 pips

Broker Type:
STP | ECN

6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

  Review  


Blueberry Markets

ASIC, SCB

Up to 1:500

From 0.0 pips

Broker Type:
ECN | MM
2 Accounts 

Forex, Indices,
Commodities,
Shares, Crypto

  Review  


VALUTRADES

FCA, VFSC
CIMA, ASIC

Up to 1:500

From 0.0 pips

Broker Type:
ECN | MM
4 Accounts 

Forex, Indices,
Commodities,
Shares, Crypto

  Review  


FXGT

SFSA, FSCA, CySec*

Up to 1:500

From 0.0 pips

Broker Type:
STP | ECN

6 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

  Review  


SVGFSA, FSC, FSA

Up to 1:500

From 0.0 pips

Broker Type:

STP | ECN 

3 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

Exness

FCA, CySEC, FSA, CBCS, FSC, FSCA

Up to 1:3000

From 0.4 pip

Broker Type:
STP | ECN
 6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

  Review  


FINMA 

Up to 1:100

From 0.1 pip

Broker Type:
STP | ECN
 7 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

Direct Market Access (DMA) Trading Accounts

How Does An DMA Trading Account Work?

In contrast to standard brokers, the lack of middlemen makes it possible for traders to complete transactions quickly and at lower cost.

DMA gives traders more control over their operations because they don’t have to get quotes from standard brokers. Instead, they can submit their own offers and handle the transaction on their own, which gets rid of the market spread. Maker’s
There is no set commission when you work with DMA brokers.

There are more liquidity providers for DMA brokers.

Traders have more chances of success on the international financial markets when they use specific trading strategies with DMA.

Usually, only institutional traders could get DMA accounts, which showed different levels of liquidity in real-time.
You can now trade on prices from global banks and top-tier liquidity providers without having to pay an extra markup.

Direct Market Access (DMA) is a way to put trades directly on the order books of exchanges. So, DMA gives traders flexibility and openness when they trade. But because it is risky and hard to understand, it is usually only recommended for experienced traders.

How Does Direct Market Access (DMA) Differ From Other Broker Types?

In contrast to standard brokers, the lack of middlemen makes it possible for traders to complete transactions quickly and at lower cost.

DMA gives traders more control over their operations because they don’t have to get quotes from standard brokers. Instead, they can submit their own offers and handle the transaction on their own, which gets rid of the market spread. maker’s
There is no set commission when you work with DMA brokers.

There are more liquidity providers for DMA brokers.

Traders have more chances of success on the international financial markets when they use specific trading strategies with DMA.

Characteristics of a Direct Market Access (DMA) Broker

A Direct Market Access (DMA) broker provides traders with access to the underlying market, without the use of a dealing desk. This means that trades are executed directly between two parties, without intervention from the broker.

DMA brokers typically offer lower spreads than other types of brokers, as they are not making a profit from the spread. Instead, they charge a commission for each trade. DMA brokers are also able to offer greater price transparency, as they are not acting as the market maker.

DMA brokers are typically used by more experienced traders, who have a good understanding of the markets and how to place orders.

Advantages of Trading with a Direct Market Access (DMA) Account

DMA accounts are common for ECN and STP brokers. DMA accounts provide traders better prices, faster execution, and more transparency.

DMA accounts connect directly to the exchange order book. You can see market depth and find the best trade pricing. DMA accounts allow leverage trading, which can lower trading costs.

DMA accounts also execute faster. Without a dealing desk, your orders flow directly to the market. Fast-moving marketplaces require this.

Key Benefits of Trading with a DMA Broker

Transparency: Traders may see how many individuals want to buy or sell each stock at what price.
Send all DMA orders to the market to set prices. This affects supply and demand by raising and lowering prices when buying and selling.

Better liquidity: DMA models employ the same market liquidity. Trade in the start and end of the day, when most volume is exchanged.

Speed: A DMA model reduces market interaction, so prices aren’t re-quoted. The trader benefits from prioritizing openness and quickness of execution.

Trades within the spread: When available, traders can place orders between the best bid and ask limits.
Orders have new features. Limit and market orders now support “Fill or Kill” and “Execute and Eliminate” instructions.

Core Differences Brokers Have With Each Trading Account

Broker Types are ECN: Electronic Communication Network | STP: Straight Through Processing | DMA: Direct Market Access & MM: Market Makers.

Are you interested in trading with a direct market access broker?
Direct market access brokers offer many advantages for traders, including the ability to trade directly with market makers and access to hidden liquidity.
With a direct market access broker, you can trade with confidence, knowing that you have the best possible price.
Learn more about trading with a direct market access broker.

Direct Market Access: Recommended Brokers

FP Markets

Since 2005

Offices:

Australia, Cyprus, South Africa

FP Markets

Minimum Deposit:50 USD 
Account currency: USD, EUR, GBP
Leverage:1:500*
Accounts:Raw, Standard, Pro, IRESS account
Instruments Offered: Forex, Indices, Commodities, Metals, Energies, Shares, ETFs Crypto, Bonds
Trading Platform:MT4, MT5, cTrader, WebTrader, Mobile App,  Superior VPS solutions
Regulation:ASIC, CySEC, FSCA
Spreads:Raw:  from 0.0 pips,
Standard: from 1.0 pip   
Visit BrokerBroker Review

FXOpen

Since: 2005

Offices:

UK, Australia, Cyprus, Nevis 

  FXOpen

Minimum Deposit:$15
Account currency:GBP, USD, EUR
Leverage:Up to 1:500
Accounts:Micro, STP, ECN, Crypto, Demo
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4,   MT5*, TickTrader*  Free Forex VPS Hosting
Regulation:ASIC, FCA
SpreadsMicro: Floating Spread
STP: Tight Spreads
ECN: Raw Spreads
Crypto: Tight Spreads
Visit BrokerBroker Review

InstaForex

Since: 2007

Offices:

 British Virgin Isles

InstaForex

Minimum Deposit:From $1
Account currency:EUR, USD
Leverage:From 1:1 up to 1:1000
Accounts:Demo, Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica, PAMM
Instruments Offered:
Forex, Indices, Futures, Options, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform:МТ4, МТ5, InstaTrader, WebTrader, Multiterminal, Mobile Trading, VPS hosting
Regulation:BVI FSC 
Spreads:0 pips: Insta.Eurica and Cent.Eurica;
3–7 pips: Insta.Standard and Cent.Standard
Visit BrokerBroker Review

EightCap

Since: 2009

Offices:

Australia, Vanuatu

EIGHTCAP

Minimum Deposit:$100
Account currency:AUD, USD, GBP, NZD, SGD, EUR
Leverage:1:30 for Australian clients
1:500 for Non-AU clients
Accounts:Standard Account, Raw Account
Instruments Offered:
Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform:MT4, MT5, Mobile, VPS hosting
Regulation:ASIC, VFSC
Spreads:From 0.0 pips
Visit BrokerBroker Review

IC Markets

Since: 2007

Offices:

Australia, Cyprus, Seychelles

IC MARKETS

Minimum Deposit:200 US dollars
Account currency:USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC
Leverage:From 1:1 to 1:500
Accounts:Demo, Raw Spread, cTrader, Standard, Islamic, PAMM
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Bonds Cryptocurrencies
Trading Platform:cTrader, MT4, MT5, WebTrader, VPS hosting
Regulation:AFSL, ASIC, CySEC, FSA
SpreadsFrom 0
Visit BrokerBroker Review

RoboForex

Since: 2009

Offices:

Belize

RoboForex

Minimum Deposit:$10
Account currency:USD, EUR, and GOLD
Leverage:1:2000 
Accounts:ECN, Pro, Prime, ProCent, R Stocks Trader
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies, Futures
Trading Platform:MT4, MT5, WebTrader, Free VPS-Server, R StocksTrader
Regulation:FSC 
Spreads:From 0.0 pips
Visit BrokerBroker Review

Conclusion

Direct Market Access (DMA). Direct trading allows traders to access the market without a third party.

Experienced traders who can execute complex orders and trade high volumes should use this method.

DMA trading works for forex, equities, commodities, and more. DMA trading reduces requotes and slippage.

+ posts

Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.