DMA Forex Brokers

DMA Forex Brokers

Compare STP brokers with Direct Market Access (DMA). Trade directly with Tier 1 liquidity providers in the Forex interbank market.

	HotForex Micro Account	More »
	HotForex Premium Account	More »
	HotForex Islamic Account	More »
	HotForex Currenex Account	More »
	InstaForex Standard Account	More »
	InstaForex Eurica Account	More »
	FxPro FxPro cTrader	More »
	FXCC ECN Standard	More »
	FXCC ECN Advanced	More »
	LQDFX ECN Account	More »
	LiteForex ECN Account	More »
	FXOpen STP MT4 Account	More »
	FXOpen ECN MT4 Account	More »
	FXPRIMUS ECN Premier	More »

	EUR/USD (EURUSD) AUD/USD (AUDUSD) EUR/USD (EURUSD) GBP/USD (GBPUSD) USD/CHF (USDCHF) USD/INR (USDINR)	Leverage	Commission / lot	Min. deposit
HotForex Micro Account	2 pips 1.2 pips 2.1 pips 2 pips NA NA	1:1000 1:1000 1:1000 1:1000 NA NA	$0	$5	Visit broker »
HotForex Premium Account	2 pips 1.2 pips 2.1 pips 2 pips NA NA	1:400 1:400 1:400 1:400 NA NA	$0	$500	Visit broker »
HotForex Islamic Account	2 pips 1.2 pips 2.1 pips 2 pips NA NA	1:400 1:400 1:400 1:400 NA NA	$0	$500	Visit broker »
HotForex Currenex Account	0.8 pips 0.6 pips 1 pip 0.9 pips NA NA	1:400 1:400 1:400 1:400 NA NA	$5	$500	Visit broker »
InstaForex Standard Account	3 pips 3 pips 3 pips 3 pips NA NA	1:1000 1:1000 1:1000 1:1000 NA NA	$0	$1	Visit broker »
InstaForex Eurica Account	0 pips 0 pips 0 pips 0 pips NA NA	1:1000 1:1000 1:1000 1:1000 NA NA	$30	$1	Visit broker »
FxPro FxPro cTrader	0.8 pips 0.3 pips 0.7 pips 1.9 pips NA NA	1:500 1:500 1:500 1:100 NA NA	$9	$500	Visit broker »
FXCC ECN Standard	0.5 pips 0.5 pips 1 pip 0.5 pips NA NA	1:300 1:300 1:300 1:300 NA NA	$7.5	$100	Visit broker »
FXCC ECN Advanced	0.5 pips 0.5 pips 1 pip 0.5 pips NA NA	1:200 1:200 1:200 1:200 NA NA	$4	$100000	Visit broker »
LQDFX ECN Account	0.6 pips 0.2 pips 0.5 pips 1.2 pips NA NA	1:300 1:300 1:300 1:300 NA NA	$3.5	$500	Visit broker »
LiteForex ECN Account	1.3 pips 1.1 pips 1.5 pips 1.5 pips NA NA	1:400 1:400 1:400 NA NA	$0	$1	Visit broker »
FXOpen STP MT4 Account	2.5 pips 1.4 pips 1.9 pips 2.5 pips NA NA	1:500 1:500 1:500 1:500 NA NA	$0	$10	Visit broker »
FXOpen ECN MT4 Account	0 pips 0 pips 0 pips 0 pips NA NA	1:500 1:500 1:500 1:500 NA NA	$1.8	$1000	Visit broker »
FXPRIMUS ECN Premier	0.5 pips 0.4 pips 0.4 pips 1.2 pips NA NA	1:1000 1:1000 1:1000 1:1000 NA NA	$10	$100	Visit broker »

Definition of an STP/DMA broker

An STP broker with Direct Market Access (DMA) aggregates prices from liquidity providers in the Forex interbank market and forward your trades directly onto these liquidity providers.

Three things to look for in a DMA broker:

Always variable spreads
Always market execution
Always 5 digit pricing (fractional pricing)
Optionally: depth of market access

Benefits of Direct Market Access

Tight spreads

Your broker aggregates prices from competing liquidity providers and shows only the best bid and the best offer. The more liquidity providers your broker works with, the greater the competition and the tighter the spreads.

In addition, fractional pricing also helps reduce spreads because it prevents brokers from rounding them up. Compare brokers with 5 decimal pricing.

Instantaneous execution

Your orders go directly to liquidity providers for execution at the prevailing market price. There are no dealing desk (NDD) and no re-quotes even during news events or data releases. This supports a broad range of trading strategies, including scalping, news trading and swing trading.

No conflict of interest

Brokers with a dealing desk (DD) make a market for your trades. They sit on the other side of your trades and, for this reason, profit when you make a loss. This can give rise to conflicts of interest if your broker has an interest in seeing your lose money.

In contrast, DMA brokers face none of these issues. They act as intermediaries rather than market markers and earn money from a mark-up they apply to the spreads rather than your losses. This aligns their interests with yours.

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