DMA Forex Brokers

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

#1
FXPRIMUS
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68.02% of retail CFD accounts lose money

FXPRIMUS (FXPrimus.com) is a regulated ECN broker with exposure to Forex and a wide range of asset classes. It prides itself in creating a safe and secure trading environment

  • Markets: Forex (CFD), Cryptos (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  • Platforms: MetaTrader 4, Copy trading, Mirror trading
  • Regulators: E.U., South Africa, Vanuatu
  • Incorporated: 2009

$500
deposit

1:30
leverage

Market
execution

$500
deposit

1:1000
leverage

Market
execution

LQDFX (LQDFX.com) is an international Forex broker and CFD provider headquartered in the Marshall Islands. It delivers STP execution on MT4 across 71 currency pairs, indices and commodities.

  • Markets: Forex (CFD), Indices (CFD), Metals (CFD), Commodities (CFD)
  • Platforms: MetaTrader 4, Mirror trading
  • Regulators: Marshall Islands
  • Incorporated: 2015

$500
deposit

1:300
leverage

Market
execution

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.


FxPro

MT4 Floating - Instant Execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant ... More

  • $500 deposit
  • 1:500 leverage ?
  • 1.71 pips EUR/USD
79.78% of retail CFD accounts lose money

AvaTrade

AvaTrade Account [BVI]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.9 pips EUR/USD
79% of retail CFD accounts lose money

FXPRIMUS

Variable Spreads [Vanuatu]

Trade over 120 instruments across Forex, commodities, energies, global indices and US equities from ... More

  • $100 deposit
  • 1:1000 leverage ?
  • 1.5 pips EUR/USD
68.02% of retail CFD accounts lose money

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.6 pips EUR/USD
79% of retail CFD accounts lose money