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DMA Forex Brokers

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

HotForex
HotForex »
Micro Account ?
More
HotForex
HotForex »
Premium Account ?
More
HotForex
HotForex »
Fixed Account ?
More
HotForex
HotForex »
Islamic Account ?
More
FXTM
FXTM »
FXTM Pro ?
More
LQDFX
LQDFX »
ECN Account ?
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FXOpen
FXOpen »
STP MT4 Account ?
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FXOpen
FXOpen »
ECN MT4 Account ?
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FXPRIMUS
FXPRIMUS »
ECN Premier ?
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Leverage ?Commission / lot ?Min. deposit ? 
HotForex
HotForex »
Micro Account ?
1.2 pips
1:1000
$0$50Visit broker
HotForex
HotForex »
Premium Account ?
1.2 pips
1:400
$0$500Visit broker
HotForex
HotForex »
Fixed Account ?
1.8 pips
1:400
$5$500Visit broker
HotForex
HotForex »
Islamic Account ?
1.2 pips
1:400
$0$500Visit broker
FXTM
FXTM »
FXTM Pro ?
0.1 pips
1:200
$0$25000Visit broker
LQDFX
LQDFX »
ECN Account ?
0.2 pips
1:300
$3.5$500Visit broker
FXOpen
FXOpen »
STP MT4 Account ?
1.4 pips
1:500
$0$10Visit broker
FXOpen
FXOpen »
ECN MT4 Account ?
0 pips
1:500
$1.8$1000Visit broker
FXPRIMUS
FXPRIMUS »
ECN Premier ?
0.4 pips
1:1000
$10$100Visit 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.

FXTM

Trade 45 currency pairs and CFDs on shares, indices and metals with market execution ... More

LiteForex

Trade Forex on floating spreads from 1.8 pips on MT4 or MT5. Get started from a low $... More

AvaTrade

Trade 60 currency pairs on floating spreads, plus CFDs on crypto-currencies, stocks, ... More

HotForex

Trade Forex as well as CFDs on cryptocurrencies, shares, indices, metals and more on ... More