Forex Brokers with Direct Market Access
Compare Forex brokers with Direct Market Access (DMA) in South Africa. Trade directly with Tier 1 liquidity providers in the Forex interbank market.
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HFM (HFM.com), formerly known as Hot Forex, is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MetaTrader 4 or 5.
- Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)* Availability subject to regulation.
- Platforms: MetaTrader 4, MetaTrader 5, Currenex, Copy trading, Mirror trading
- Regulated entity (South Africa): HF Markets SA (PTY) Ltd (FSCA No. 46632)
What's 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
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.
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.
Trade CFDs on variable spreads from 1.2 pips on MetaTrader 4 or 5. This account supports all Expert ... MoreTrade CFDs on variable spreads from 1.2 pips on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
- $100 deposit
- 1:500 leverage
- 1.2 pips EUR/USD
- Regulators: Cayman Islands, Cyprus (EU), Saint Vincent and the Grenadines, UAE, UK
Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC ... MoreTrade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.
AvaTrade Account [BVI]
Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... MoreTrade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
- $100 deposit
- 1:400 leverage
- 0.9 pips EUR/USD
- Regulators: Australia, BVI, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE