⭐ DMA Forex Brokers

Compare DMA Forex Brokers

Forex broker	MMDeposit	Leverage MM	Lot MM	EURUSD MM	Commission MM	STP	Leverage STP	Lot STP	EURUSD STP	Commission STP	DepositDMA	Leverage	Lot	EURUSD	Comm*	ECN	Leverage ECN	Lot ECN	EURUSD ECN	Commission ECN	Micro	Leverage Micro	Lot Micro	EURUSD Micro	Commission Micro	Crypto	Leverage Crypto	Lot Crypto	BTCUSD Crypto	Commission Crypto	Type	+Type	Dealing	Execution	CountryCountry	Year	Regulation	Restricted Countries	Investor Protection	Platforms	Speed	Scalping	EAs	DOM	Trailing Stops	Fund/Withdraw	Base Currency	Segregated	NB Protection	Guaranteed Stop	FX Pairs	Crypto Pairs	Swap-Free	Copy Trading	MAM	VPS	Stop Out / Margin Call	Popularity
Advanced Markets	5000 $										5000 $	500	0.01	0.8 ≈	0 $																DMA		A-book	Market	UK UK	2006	FCA	None	UK Financial Services Compensation Scheme (FSCS)	MT4, MT5, Fortex 5, Fortex 6, VertexFX	30 ms	Yes	✔	✔	✔	Bank Wire, Debit Card, Credit Card, Bitcoin	USD	✔	x	x	68	7	✔	Copy Trading	x	x	70% | 100%	⬤ Low
BAXTER-FX	50000 $										50000 $	100	0.1	0 ≈	5 $																DMA		A-book	Market	Australia Australia	2012	ASIC	None	x	Currenex, Hotspot, FxAll		Yes	✔	✔	✔	Bank Wire	USD, EUR, GBP, AUD	✔	✔	x	x	x	x	x	PAMM	x	50% | 100%	⬤ Low
EXANTE	10000 €										10000 €	5	1	0.3 ≈	5 $																DMA		A-book	Market	Cyprus Cyprus	2011	CySEC	US, Singapore, Russia	Cyprus Investor Compensation Fund (ICF)	EXANTE	10 ms	Yes	x	✔	✔	Bank Wire	EUR, USD, AUD, CAD, CHF, CZK, GBP, HKD, JPY, NOK, NZD, PLN, SEK, SGD, TRY, RUB	✔	✔	x	x	x	x	x	x	x	| 100%	⬤ Average
Fiper	250 $										250 $	500	0.01	0.1 ≈	10 $																DMA		A-book	Market	Mauritius Mauritius	2021	FSC	None	x	cTrader, Autochartist	0.25 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Perfect Money, Bitcoin, WebMoney, ZainCash, WHISH MONEY	USD	✔	✔	✔	x	75	✔	Copy Trading	x	x	30% | 100%	⬤ Low
IBKR	1 $					1 $	50	0.1	0.5 ≈	4 $	2000 $	50	0.1	0.1 ≈	4 $																DMA	STP, ECN pricing	A-book	Market	US US	1978	CFTC, SEC, FINRA, SIPC US	None	US Securities Investor Protection Corporation (SIPC)	Trader Workstation (TWS), IBKR Mobile, WebTrader, IBot, Trading Central	40 ms	Yes	✔	✔	✔	Bank Wire, Check, BPAY	USD, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RUB, SEK, SGD	✔	x	x	23	4	x	x	x	x	50% | 50%	⬤ High
IG	1 £ 1 £	30	0.1	0.6 ≈	0 $						1000 £	200	0.1	0.1 ≈	10 $																DMA	MM	A+B book, A-book	Market	Bermuda Bermuda	1974	BMA	US	x	MT4, ProRealTime, IG Trading Web platform, L2 dealer	13 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card	USD, GBP	✔	✔	✔	x	5	x	x	x	✔	50% | 99%	⬤ High
JFD	500 $										500 $	400	0.01	0.3 ≈	6 $																DMA		A-book	Market	Cyprus Cyprus	2011	CySEC	US, Russia, Belarus, Poland, Latvia, Japan, Australia, New Zealand, Singapore, Egypt, Czechia, UK	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, Guidants	10 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Payabl, Nuvei, Sofort	USD, GBP, EUR, CHF	✔	✔	x	65	4	x	Stock3	x	✔	50% | 100%	⬤ Low
Just2Trade	100 $					100 $	500	0.01	0.5 ≈	0 $	100 $	500	0.01	0 ≈	4 $	200 $	500	0.01	0 ≈	6 $											DMA	STP, ECN pricing	A-book	Market	Cyprus Cyprus	2015	CySEC	US	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, Trading Central, MT5, MT5 WebTerminal	10 ms	Yes, ues	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Swift, Skrill, Neteller, Paysafecard, CashU	USD, EUR, RUB	✔	✔	x	64	16	x	x	x	x	50% | 100%	⬤ Average
MBFX	10 $ 10 $	500	0.01	0.3 ≈	0 $						500 $	500	0.01	0 ≈	7 $																DMA	MM, ECN marketing	B-book, A-book	Market	Saint LuciaSaint Lucia	2022	Not regulated	None	Saint Lucia Investor Compensation Fund (ICF)	MT5, MT5 WebTerminal		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Local Transfer, Perfect Money, BPAY, China UnionPay, WeChat, PayPal, Bitcoin	USD	✔	✔	x	x	x	✔	x	x	x	| 30%	⬤ Lowest
MEX Exchange	1 $ 1 $	30	0.01	0.5 ≈	0 $						1 $	500	0.01	0 ≈	7 $	1 $	500	0.01	0 ≈	7 $											MM, DMA, ECN pricing	MM, ECN pricing	A+B book, A-book	Market	Australia Australia	2012	ASIC	None	x	MT4, MT4 WebTerminal	1 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD	✔	x	x	36	x	x	x	MAM, PAMM	✔	20% | 50%	⬤ Low
Milton Markets	1 $ 1 $	100	1	1.7 ≈	0 $						1000 $	500	1	0 ≈	0.2 $																DMA	MM	A+B book, A-book	Market	Saint LuciaSaint Lucia	2016	Not regulated	None	x	MT4, MT5	100 ms	Yes	✔	x	✔	Bank Wire, STICPAY, Bitwallet	USD, EUR, JPY	x	✔	x	x	x	x	x	PAMM	✔	|	⬤ Low
Moneta Markets	50 $					50 $	1000	0.01	1.2 ≈	0 $	50 $	1000	0.01	0 ≈	6 $	50 $	1000	0.01	0 ≈	6 $											STP, DMA, ECN pricing	STP, ECN pricing	A-book	Market	South Africa South Africa	2020	FSCA	Canada, Cyprus, France, Spain, Russia, Ukraine, Italy, US	x	MT4, MT5, WebTrader	250 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, STICPAY, China UnionPay, Swift, FasaPay, Bitcoin, Boleto	USD, EUR, GBP, AUD, CAD, SGD, NZD, HKD, JPY	✔	✔	x	39	6	✔	Copytrader, ZuluTrade	PAMM	✔	50% | 80%	⬤ Average
MOTFX	25 $ 25 $	1000	0.01	0.8 ≈	0 $						25 $	1000	0.01	0 ≈	7 $																DMA	MM	B-book, A-book	Market	MongoliaMongolia	2023	Not regulated	US, Brazil, Canada, Israel, Iran	x	MT5, MT5 WebTerminal, cTrader	5 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Tether, Bitcoin	USD	✔	✔	x	29	7	✔	x	x	x	50% | 100%	⬤ Low
Nash Markets	50 $					200 $	500	0.01	0.5 ≈	7 $	200 $	500	0.01	1 ≈	0 $	200 $	500	0.01	0 ≈	10 $	50 $	500	0.01	1.2 ≈	1 $	10 $	100	0.01	1.2 ≈	10 $	DMA	STP, ECN marketing	A-book	Market	SVG SVG	2020	Not regulated	US	x	TradeLocker	10 ms	Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Ethereum, Bitcoin, Litecoin, Ripple, Dogecoin, Tether, VLoad	USD	✔	x	x	x	23	x	x	x	x	70% | 100%	⬤ Average
NordFX	50 $ 10 $	1000	0.01	10 ≈	0 $						200 $	1000	0.01	0 ≈	7 $						10 $	100	0.01	10 ≈	0 $						DMA	MM	A+B book, A-book	Market	Saint LuciaSaint Lucia	2008	Not regulated	US, Canada, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland, Russia, Cuba, Sudan, Syria, Malaysia, Panama, Indonesia, Japan, Brazil, Ukraine	x	MT5, MT5 WebTerminal, MT4	500 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, Help2Pay, PayToday, Thai QR Payment, Vietnam QR Code, Dragonpay, FasaPay, STICPAY, PIX, BOLETO, OXXO, FairPay, Turkey QR Code, Bangladesh Nagad, Pinikle Voucher, Bitcoin, Ethereum, TRON, Binance Coin, Tether, DAI	USD, ETH, BTC	✔	✔	x	33	11	✔	Copy Trading	PAMM	✔	20% | 40%	⬤ High
NSBroker	100 $										100 $	30	0.01	0.3 ≈	8 $																DMA	, ECN pricing	A-book	Market	Malta Malta	2011	MFSA	Australia, Canada, Japan, US	Depositor and Investor Compensation Scheme Malta	MT5	11 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD	✔	x	x	43	5	x	x	x	x	50% | 100%	⬤ Low
NSFX	300 $ 300 $	100	0.01	3 ≈	0 $						3000 $	50	0.01	0 ≈	8 $																DMA	MM, ECN pricing	A+B book, A-book	Market	Malta Malta	2012	MFSA	None	x	JForex, Trading Central		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller	USD, EUR, GBP, CAD, JPY	✔	✔	x	28	x	✔	x	x	x	50% | 100%, 20%	⬤ Average
OFinancial	1000 $										1000 $	1000	0.01	0 ≈	7 $																DMA		A-book	Market	Antigua and BarbudaAntigua and Barbuda	2024	FSRC Antigua and Barbuda	None	x	MT5, MT5 WebTerminal		Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Google Pay, Apple Pay, Help2Pay, WAAFI, Premier Wallet, eDahab, Bitcoin, Ethereum, Tether	USD	✔	x	x	52	4	✔	x	PAMM	x	50% | 100%	⬤ Average
OneRoyal	50 $ 50 $	1000	0.01	1.4 ≈	0 $						50 $	1000	0.01	0 ≈	7 $	50 $	1000	0.01	0 ≈	7 $											MM, DMA, ECN marketing	MM, ECN marketing	A+B book, A-book	Market	Cyprus Cyprus	2006	CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT4, MT4 WebTerminal, Trading Central, MT5, MT5 WebTerminal	30 ms	No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, Asia Banks, NganLuong, China UnionPay, WHISH MONEY, VertuPay, Kora, Dragonpay, UPI, IMPS, Bitcoin, Ethereum, Tether, Ripple	USD, EUR, GBP, PLN	✔	x	x	25	47	✔	Copy Trading	MAM, PAMM	✔	20% | 100%	⬤ Average
Pacific Financial Derivatives	1 $ 1 $	300	0.01	0.8 ≈	0 $						1000 $	100	0.01	0 ≈	2 $																DMA	MM, ECN pricing	A+B book, A-book	Market	New Zealand New Zealand	1999	Not regulated	US	FDRS New Zealand	MT4		Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, PayPal, POLi	USD, AUD, NZD, EUR, GBP, JPY	✔	x	x	49	x	✔	x	MAM	x	100%, 50% | 150%, 100%	⬤ Low
Paramount	10 $ 10 $	1000	0.01	1.6 ≈	0 $						5000 $	100	0.01	0 ≈	10 $	1000 $	300	0.01	0.6 ≈	7 $											DMA	MM, ECN marketing	A-book	Market	Saint LuciaSaint Lucia	2016	Not regulated	US, Canada, Australia, Korea, UK, Iran, Syria, Sudan, Cuba, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland	x	MT5		No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Bitcoin	USD	x	x	x	57	16	x	x	x	x	30%, 50% | 90%	⬤ Low
Pepperstone	1 $					1 $	500	0.01	1 ≈	0 $	200 $	500	0.01	0 ≈	7 $																DMA	STP	A-book	Market	Australia Australia	2010	ASIC	US, Belgium	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, cTrader, Autochartist	40 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, PayPal	AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD	✔	✔	✔	62	12	✔	Myfxbook AutoTrade, DupliTrade, MetaTrader Signals	MAM, PAMM	✔	20%, 50% | 80%, 50%	⬤ High
PFH Markets	100 $					100 $	400	0.01	1.6 ≈	0 $	5000 $	400	0.01	0.6 ≈	0 $																DMA	STP, ECN pricing	A-book	Market	Saint LuciaSaint Lucia	2018	Not regulated	US	x	MT5	0.16 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Tether	USD	✔	✔	x	65	58	x	x	x	x	30% | 100%	⬤ Lowest
PrimeXBT	1 $ 1 $	1000	1	0 ≈	0.2 $						1 $	1000	1	0 ≈	0.2 $											1 $	100	0.001	0 ≈	50 $	DMA	MM	A+B book, A-book	Market	Seychelles, South Africa, Mauritius Seychelles, South Africa, Mauritius	2018	FSA, FSCA, FSC	None	x	PrimeXBT	7.2 ms	Yes	✔	x	✔	Bitcoin, Ethereum, Tether, USD Coin, Covesting	BTC, ETH, USDT, USDC, COV	✔	✔	x	x	41	✔	Copy Trading	x	x	50% | 100%	⬤ Average
RADEX MARKETS	100 $ 100 $	500	0.01	1.1 ≈	0 $						200 $	500	0.01	0 ≈	5 $																DMA	MM	A+B book, A-book	Market	Seychelles Seychelles	2021	FSA	US	x	MT4, MT5, Trading Central		Yes	✔	✔	✔	Bank Wire	USD, EUR, GBP	✔	x	x	x	x	x	x	x	x	50% | 100%	⬤ Low
Rally Trade	100 $ 100 $	1000	0.01	1.6 🔒	0 $						1000 $	1000	0.01	0 ≈	5 $																DMA	MM	A+B book, A-book	Instant, Market	Nigeria Nigeria	2014	Not regulated	None	Financialcommission.org	MT4, MT5, Rally xTrader	0 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, ETranzact, Interswitch, VoguePay, WemaBank, Zenith	USD, NGN	✔	x	✔	47	x	✔	x	x	x	50% | 90%	⬤ Low
RannForex	1 $					1 $	500	0.01	1 ≈	0 $	1 $	500	0.01	0 ≈	4 $											1 $	20	0.01	0 ≈	2 $	DMA	STP	A-book	Market	Saint LuciaSaint Lucia	2003	Not regulated	US	x	MT5	200 ms	Yes, unlimited	✔	✔	✔	Volet, TCPAY, Perfect Money, Tether, Bitcoin	USD, EUR	x	x	x	x	x	x	x	PAMM	x	60% | 50%	⬤ Low
RoboForex	10 $ 10 $	300	0.1	0 ≈	10 $						10 $	500	0.01	0 ≈	20 $	10 $	500	0.01	0 ≈	20 $	10 $	2000	0.01	1.3 ≈	0 $						MM, DMA, ECN marketing	MM, ECN marketing	A+B book	Market	Belize Belize	2009	FSC	None	Financialcommission.org	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, cTrader	400 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, STICPAY, AstroPay, Western Union	USD, EUR, CNY, XAU	✔	✔	✔	36	4	✔	Copy Trading	RAMM	✔	100% | 60%	⬤ High
SaracenMarkets	10 $					10 $	2000	0.01	1.6 ≈	0 $	10 $	500	0.01	0 ≈	6 $	10 $	500	0.01	0 ≈	6 $											STP, DMA, ECN marketing	STP, ECN marketing	A-book	Market	South Africa South Africa	2022	FSCA	None	x	MT5, MT5 WebTerminal	160 ms	Yes	✔	x	✔	Bank Wire, B2BinPay, WalaoPay, PayTrust88, Neteller, Payment Asia, SurePay	USD	x	✔	x	64	5	✔	x	x	x	20%, 30% | 50%	⬤ Average
Scope Markets	10 $ 10 $	1000	0.01	0.1 ≈	0 $	10 $	1000	0.01	0.9 ≈	0 $	20000 $	1000	0.01	0 ≈	7 $																DMA	MM, STP	B-book, A-book	Market	Belize Belize	2009	FSC	Afghanistan, Myanmar, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland, Canada, US	x	MT4, MT5	60 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill, VietQR, MoMo, China UnionPay, Zalopay, Alipay, FPX, MQPESA	USD	✔	✔	x	45	8	✔	x	x	x	20% | 100%	⬤ Average
ScoreCM	10 $ 10 $	1000	0.01	1 ≈	0 $	100 $	500	0.01	0.2 ≈	7 $	1000 $	100	0.01	0.1 ≈	7 $																DMA	MM, STP	A+B book, A-book	Market	Dominica Dominica	2024	FSU Dominica	Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland, Turkey, US	x	MT5, Autochartist		No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, SEPA Transfer, STICPAY, Bitcoin, Ethereum, Tether, Payment Asia, Swift	USD	✔	✔	x	35	6	x	x	x	x	30% | 100%	⬤ Low
SD Star Fx	25 $					25 $	500	0.01	1.4 ≈	0 $	2500 $	400	0.01	0.9 ≈	0 $	10000 $	300	0.01	0 ≈	10 $											DMA	STP, ECN marketing	A-book	Market	ComorosComoros	2023	MISA Comoros	None	x	MT5, MT5 WebTerminal	1000 ms	No	✔	✔	✔	Bank Wire	USD	✔	✔	x	x	x	x	x	x	x	30% | 100%	⬤ Low
Seven Star FX	50 $					50 $	1000	0.01	1.3 ≈	0 $	5000 $	500	0.1	0 ≈	10 $	5000 $	500	0.1	0 ≈	10 $											STP, DMA, ECN pricing	STP, ECN pricing	A-book	Market	Belize Belize	2004	Not regulated	None	x	MT4, MT4 WebTerminal	15 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, RegularPay, Bitcoin, Tether, Ethereum, Litecoin	USD	✔	✔	x	36	2	✔	x	PAMM	x	50% | 100%	⬤ Low
SGT Markets	5000 $					5000 $	100	0.01	1 ≈	0 $	5000 $	100	0.01	0 ≈	6 $																DMA	STP	A-book	Market	BVI BVI	2006	FSC	None	x	MT4, MT5		Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, Cardano, Avalanche, Bitcoin Cash, Binance Coin, Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, Polygon, Shiba, Solana, USD Coin, Tether, TRON, Ripple	USD, EUR, GBP	✔	x	x	83	x	✔	x	MAM, PAMM	✔	70% | 100%	⬤ Average
Skilling	100 € 100 €	30	0.01	0.8 ≈	0 $						5000 €	30	0.01	0.1 ≈	40 $																DMA	MM	A+B book, A-book	Market	Cyprus Cyprus	2016	CySEC	UK, Australia, Japan, Belgium	Cyprus Investor Compensation Fund (ICF)	MT4, Skilling Trader	0.5 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Klarna, Trustly, Swish, PayPal, Apple Pay, Google Pay, Volt	USD, EUR, GBP, NOK, SEK	✔	✔	x	76	29	x	Skilling Copy	PAMM, MAM	x	50% | 100%	⬤ Low
Squared Financial	1 $					1 $	30	0.01	1.2 ≈	0 $	5000 $	30	0.01	0 ≈	10 $																DMA	STP	A-book	Market	Cyprus Cyprus	2008	CySEC	None	Cyprus Investor Compensation Fund (ICF)	MT4, MT5	80 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Alipay, China UnionPay	EUR, USD, GBP, CHF	✔	✔	✔	48	x	✔	x	x	x	30% | 50%	⬤ Average
STARTRADER	50 $					50 $	500	0.01	1.3 ≈	0 $	50 $	500	0.01	0 ≈	7 $	50 $	500	0.01	0 ≈	7 $											STP, DMA, ECN pricing	STP, ECN pricing	A-book	Market	Seychelles Seychelles	2022	FSA	None	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, Web Trader		No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, STICPAY, Perfect Money, Wise	AUD, CAD, EUR, GBP, USD, NZD	✔	✔	✔	x	x	✔	Copy Trade	PAMM	✔	20% | 50%	⬤ Average
TenTrade	100 $					100 $	500	0.01	1.8 ≈	0 $	300 $	500	0.01	0 ≈	7 $	300 $	500	0.01	0 ≈	7 $											STP, DMA	STP	A-book	Market	Seychelles Seychelles	2019	FSA	None	x	MT5		Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin	USD, EUR, GBP	✔	✔	x	43	4	✔	x	x	x	30% | 50%	⬤ Low
Thunder Forex	500 $					500 $	400	0.01	2 ≈	0 $	1000 $	400	0.01	0.7 ≈	0 $																DMA	STP	A-book	Market	Seychelles Seychelles	2020	FSA	US, Japan	x	MT4	90 ms	Yes, unlimited	✔	x	✔	Bank Wire, Skrill, Neteller, Credit Card, Debit Card	USD, EUR	✔	✔	x	64	x	✔	x	MAM	x	50% | 200%	⬤ Low
Tier1FX	1000 $										1000 $	30	0.01	0.2 ≈	5.5 $																DMA		A-book	Market	Malta Malta	2013	MFSA	US, India, Japan, Turkey	x	MT4, Fortex 6, JForex	0.2 ms	Yes	✔	✔	✔	Bank Wire	USD, EUR, GBP, CHF	✔	✔	x	54	5	x	x	x	x	50% | 100%	⬤ Low
TIO Markets	20 $ 20 $	500	0.01	1.1 ≈	0 $						250 $	500	0.01	0 ≈	6 $						20 $	500	0.01	0.6 ≈	6 $						DMA	MM	A+B book, A-book	Market	SVG SVG	2018	Not regulated	None	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal		Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, SEPA, Skrill, Neteller, FasaPay, Pay Retailers, EFTPay, FXPay, OnlineNaira, DivPay, PAYTRUST, Kora, Bitcoin, Ethereum, Tether, Trade Token X	USD, GBP, EUR, CAD, AUD, CZK, ZAR, BTC, ETH, USDT	✔	✔	x	46	x	✔	x	PAMM	x	30% | 100%	⬤ Average
Titan FX	200 $					200 $	500	0.01	1 ≈	0 $	200 $	500	0.01	0 ≈	7 $	200 $	500	0.01	0 ≈	7 $	200 $	1000	0.01	1 ≈	0 $						STP, DMA, ECN pricing	STP, ECN pricing	A-book	Market	Vanuatu Vanuatu	2014	VFSC	None	x	MT4, MT4 WebTerminal, MT5, Trading Central	300 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Bitwallet, STICPAY, Local Transfer, Peska, Bitcoin, Ethereum, Apple Pay	USD, EUR, JPY, SGD	✔	✔	x	x	24	✔	x	MAM, PAMM	✔	20% | 20%	⬤ Average
tixee	100 $ 10 $	1000	0.01	1.3 ≈	0 $	10 $	1000	0.01	1.5 ≈	0 $	500 $	1000	0.01	0 ≈	14 $																DMA	MM, STP	A+B book, A-book	Market	Seychelles Seychelles	2019	FSA	None	x	Simple Trader, WebTrader, Trading Central		Yes	x	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Virtual Pay, OnlineNaira, XPay, XanPay, Airtel Money, M-PESA, EazzyPay, MTN MoMo, Tigo Pesa, Vodacom, Orange Money, EcoCash, AirtelTigo, Vodafone, Equitel, Malitel, TeleCash, Payr, Dragonpay, PayTrust88, Zotapay, Transact 365, AO Pay, DivePay	USD	✔	x	x	58	7	x	Social Trading	x	x	20%, 25% | 100%	⬤ Low
TMGM	100 $					100 $	1000	0.01	1 ≈	0 $	100 $	1000	0.01	0 ≈	7 $																DMA	STP	A-book	Market	Vanuatu Vanuatu	2013	VFSC	US	x	MT4, MT5, Trading Central	30 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay, FasaPay, Wise, Google Pay, Tether, Revolut, SeABank	USD, EUR, GBP, AUD, NZD, CAD	✔	x	x	x	12	✔	x	x	✔	40% | 100%	⬤ Average
TNFX	1000 $ 100 $	500	0.01	1 🔒	0 $						300 $	500	0.01	1 ≈	0 $						100 $	500	0.001	1 ≈	0 $						DMA	MM, ECN marketing	A+B book, A-book	Instant, Market	Seychelles Seychelles	2020	FSA	None	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, Autochartist, Trading Central		Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Local Transfer, Perfect Money, WebMoney, Payeer, Asia Pay, Airtm, STICPAY, Volet, Al-Taif, Foqused.io, Corapay, Ozow, PayRetailers	USD	✔	x	x	x	13	✔	x	MAM, PAMM	✔	20% | 100%	⬤ Average
TopFX	50 $					50 $	1000	0.01	1.2 ≈	0 $	5000 $	1000	0.01	0.5 ≈	5.5 $																DMA	STP	A-book	Market	Seychelles Seychelles	2010	FSA	None	x	MT4, cTrader	20 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, PayPal, SEPA Transfer, Apple Pay, Google Pay, Bitcoin, Ethereum, Litecoin, Perfect Money, PlusDebit, DivePay, Dragonpay, M-PESA, FasaPay, PIX, OXXO, SPEI, Airtel Money, Hellopaisa, Tigo Pesa, Expresso, MTN MoMo, Zamtel, OrangePay, Ozow, Free Money, Mobicash, Moov Money, Togocel, STICPAY, Bitwallet, CM	USD, EUR, GBP, CHF, JPY	✔	✔	x	89	6	✔	cTrader Copy	x	x	20% | 50%	⬤ Low
Trade Nation	1 $ 1 $	500	0.01	0.6 🔒	0 $	1 $	500	0.01	0 ≈	0 $	1000 $	500	0.01	0 ≈	7 $																DMA	MM, STP	A+B book, A-book	Instant, Market	Seychelles Seychelles	2014	FSA	UK, Australia, South Africa, Bahamas, Seychelles	UK Financial Services Compensation Scheme (FSCS)	TN Trader, MT4, MT4 WebTerminal	0 ms	Yes	✔	x	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, eNETS, GrabPay, M-PESA, Bitcoin, OVO	USD, EUR, GBP	✔	✔	✔	29	x	x	TradeCopier	x	x	100%, 50% | 100%	⬤ Low
TradeFxP	100 $					100 $	300	0.01	2.1 ≈	0 $	1000 $	300	0.01	1.5 ≈	0 $	3000 $	300	0.01	0.3 ≈	7 $											DMA	STP, ECN marketing	A-book	Market	Saint LuciaSaint Lucia	2014	Not regulated	None	x	MT4		No	✔	x	✔	Bank Wire, Credit Card, Debit Card, Tether, Stripe	USD	✔	x	x	67	x	✔	Copy Trading	x	x	30% | 100%	⬤ Low
Traders Trust	50 $					50 $	3000	0.01	1.5 ≈	0 $	500 $	3000	0.01	0 ≈	6 $	500 $	3000	0.01	0 ≈	6 $											STP, DMA, ECN marketing	STP, ECN marketing	A-book	Market	Seychelles Seychelles	2009	FSA	None	x	MT4, MT4 WebTerminal	100 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Bitcoin, Skrill, Tether	USD, EUR, JPY, CHF, GBP	✔	✔	x	53	8	✔	Copy Trading	MAM	✔	20% | 50%	⬤ High
Traders Way	10 $					10 $	1000	0.01	0.7 ≈	0 $	10 $	1000	0.01	0 ≈	3 $	10 $	1000	0.01	0 ≈	3 $											STP, DMA, ECN marketing	STP, ECN marketing	A-book	Market	Dominica Dominica	2011	Not regulated	US, UK	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, cTrader	500 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, FasaPay, Ethereum, Bitcoin, Litecoin, Ripple, USD Coin, Tether, TrueUSD, Stellar Lumens, TCPAY, Local Transfer, PayRedeem	USD, EUR, CAD, GBP	✔	x	x	42	9	✔	CTrader Copy	x	✔	40% | 40%	⬤ Average
Tradeview	100 $					100 $	400	0.01	0.1 ≈	0 $	100 $	400	0.01	0 ≈	2.5 $	1000 $	200	0.1	0 ≈	5 $											DMA	STP, ECN pricing	A-book	Market	Cayman Isl. Cayman Isl.	2004	CIMA	US	x	MT4, MT5, MT5 WebTerminal, Currenex, cTrader	20 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Interac, Skrill, Neteller, Bitwallet, Uphold, BitPay, STICPAY, EXNPay, FasaPay, TransferMate, Konnectivity, PayTrust88	USD, EUR, GBP, JPY	✔	x	x	x	5	✔	CTrader Copy	MAM	x	100% | 120%	⬤ High
TrioMarkets	5000 $ 100 $	500	0.01	1.4 ≈	0 $	100 $	500	0.01	2.4 ≈	0 $	25000 $	500	0.01	1.1 ≈	0 $	25000 $	500	0.01	1.1 ≈	0 $											MM, STP, DMA, ECN marketing	MM, STP, ECN marketing	A+B book, A-book	Market	Mauritius Mauritius	2014	FSC	None	x	MT4, MT5, TrioTrader	90 ms	Yes, no	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Neteller, Skrill	USD	✔	x	x	61	4	x	x	PAMM, MAM	✔	50% | 120%	⬤ Low
Uniglobe Markets	100 $					500 $	300	0.1	1.5 ≈	0 $	1000 $	200	0.1	0 ≈	20 $	1000 $	200	0.1	0 ≈	20 $	100 $	500	0.01	1.5 ≈	0 $						STP, DMA, ECN marketing	STP, ECN marketing	A-book	Market	Marshall Isl. Marshall Isl.	2015	Not regulated	US	x	MT4, MT5		Yes, unlimited	✔	x	✔	Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, QIWI, Perfect Money, OkPay, CASHU	USD	✔	✔	x	38	13	✔	x	PAMM	x	40%, 70% | 110%	⬤ Lowest
UTrada	100 $					100 $	500	0.01	1.8 ≈	0 $	250 $	500	0.01	1.2 ≈	0 $	500 $	500	0.01	0 ≈	7 $											DMA	STP, ECN pricing	A-book	Market	Malaysia Malaysia	2018	LFSA	None	x	MT4, MT5	10 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Tether, Neteller, Skrill	USD, EUR	✔	✔	✔	x	x	x	Copy Trading	PAMM	✔	50% | 100%	⬤ Lowest
Valutrades	1 $ 1 $	30	0.01	0.2 ≈	0 $						1 $	30	0.01	0 ≈	6 $	1 $	30	0.01	0 ≈	6 $											MM, DMA, ECN pricing	MM, ECN pricing	B-book, A-book	Market	UK UK	2012	FCA	None	UK Financial Services Compensation Scheme (FSCS)	MT4, MT5	159 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Skrill, Neteller, Bitcoin, Ethereum	USD, AUD, CHF, EUR, GBP, JPY, ZAR, NZD	✔	✔	x	x	x	x	x	x	✔	50% | 50%	⬤ Average
Vantage	50 $					50 $	500	0.01	1.1 ≈	0 $	50 $	500	0.01	0 ≈	6 $	50 $	500	0.01	0 ≈	6 $											STP, DMA, ECN pricing	STP, ECN pricing	A-book	Market	Vanuatu, Australia, South Africa Vanuatu, Australia, South Africa	2009	VFSC, ASIC, FSC Africa	US, Canada, China, Myanmar, Iran, Afghanistan, Africa, Russia, Ukraine, Singapore, Venezuela, Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg, Cyprus, Malta, Czechia, Netherlands, Denmark, Poland, Estonia, Portugal, Finland, Romania, France, Slovakia, Germany, Slovenia, Greece, Spain, Hungary, Sweden, Ireland	x	MT4, MT4 WebTerminal, MT5, MT5 WebTerminal, Trading Central	250 ms	No	✔	✔	✔	Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, FasaPay, Perfect Money, Apple Pay, Google Pay, Bitwallet	USD, AUD, GBP, EUR, SGD, CAD	✔	x	x	44	x	✔	Copy Trading	MAM, PAMM	✔	20% | 50%	⬤ Average
VantoFX	25 $ 25 $	500	0.01	1.2 ≈	0 $						100 $	500	0.01	0 ≈	7 $																DMA	MM	A+B book, A-book	Market	SVG SVG	2025	Not regulated	Afghanistan, Belarus, Bosnia and Herzegovina, Burundi, Africa, Cuba	x	MT4, MT5, cTrader		Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Tether	USD, EUR, GBP	✔	x	x	x	x	x	Copy Trading	x	✔	30% | 100%	⬤ Low
VARIANSE	100 $					100 $	500	0.01	1 ≈	0 $	500 $	500	0.1	0 ≈	7 $	500 $	500	0.1	0 ≈	7 $											STP, DMA, ECN marketing	STP, ECN marketing	A-book	Market	UK UK	2015	FCA	US	UK Financial Services Compensation Scheme (FSCS)	MT4, cTrader	20 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Bitcoin, Skrill, Neteller	USD, EUR, GBP, PLN, JPY, AUD	✔	✔	x	81	x	✔	x	MAM	✔	50% | 100%	⬤ Low
Velocity Trade	25000 $										25000 $	100	0.01	0.5 ≈	15 $																DMA		A-book	Market	UK UK	2009	FCA	US	UK Financial Services Compensation Scheme (FSCS)	Liquidx, Currenex, Hotspot, Pro Trader		Yes	x	✔	✔	Bank Wire	USD	✔	x	x	x	x	✔	x	x	x	100% | 100%	⬤ Low
xChief	1 $					10 $	1000	0.01	0.6 ≈	0 $	50 $	1000	0.01	0 ≈	15 $						1 $	500	0.01	0.3 ≈	0 $						DMA	STP	A-book	Market	ComorosComoros	2014	MISA Comoros	US, Canada	x	MT4, MT5	100 ms	Yes, unlimited	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Swift, Volet, Ethereum, Tether, Litecoin, Bitcoin	USD, EUR, GBP, CHF, JPY	✔	x	x	x	5	✔	Copy Trading	MAM, PAMM	x	30% | 30%, 100%	⬤ Average
zForex	10 $					10 $	1000	0.01	1.2 ≈	0 $	10 $	1000	0.01	0 ≈	7 $	10 $	1000	0.01	0 ≈	7 $											STP, DMA, ECN marketing	STP, ECN marketing	A-book	Market	SVG SVG	2022	Not regulated	None	x	MT5, MT5 WebTerminal, cTrader	20 ms	Yes	✔	✔	✔	Bank Wire, Credit Card, Debit Card, Help2Pay, Payment Asia, Transact 365, STICPAY, Jeton, FasaPay, MTN MoMo, PromptPay, TrueMoney, DuitNow, Bitcoin, Ethereum, Litecoin, Tether, USD Coin	USD	x	x	x	x	5	✔	cTrader Copy	x	x	30% | 100%	⬤ Low

DMA Forex broker

How DMA brokers work?

• Price: DMA Forex brokers receive price feeds from their direct partners - Liquidity Providers (LPs) - which are Tier-1 Banks, and there must be more than 1 liquidity provider with DMA. This allows DMA brokers to source lowest possible (ECN-style) prices for own Clients. DMA brokers charge commission on accounts that feature Raw spreads.
• Trade: Clients don't trade with DMA brokers per se*. Rather they trade via DMA brokers with the Liquidity Providers. In other words, the final counterparty of each trade is not a DMA broker, but rather a Tier-1 Bank.
• What's the deal? Clients receive access to Tier-1 Bank liquidity via DMA brokers while still trading comparatively** small orders & enjoy anonymity (DMA brokers pass orders anonymously to their LPs). Clients also benefit from greater transparency, including DOM data (Market Depth data) and Raw spreads (direct unmodified spreads from LPs).

*from the technical point, DMA Forex brokers fill all incoming Clients' orders themselves, and immediately hedge back-to-back 100% of all those orders with the Liquidity Providers (primarily Tier-1 Banks).

**compared to institutional Forex traders

What is the difference between the DMA and ECN models?

FOREX.com

"There are many similarities between the two models in terms of pricing. Both provide clients with access to the interbank market which creates tight pricing with depth of book transparency. In a typical anonymous ECN model, the individual client must have secured their own credit line from a traditional Prime Broker or Prime of Prime provider in order to participate in the ECN. With FOREX.com’s DMA model, we leverage our existing Prime Brokerage relationships to provide customers with access to trade on prices sourced directly from our liquidity providers."

How does DMA work?

IG.com

"Our DMA service allows you to trade on underlying market prices and depth, but what you’ll actually receive on placing a trade is a CFD from us. It works like this:

DMA displays the best bid and offer price available for a particular market, plus further prices on either side of the order book You place an order, and we instantaneously conduct a margin check to ensure you have sufficient funds to cover the margin on your proposed trade If the margin check is satisfied we place an order in the market and, at the same time, create a parallel CFD between you and us So while you’re trading at market prices, you won’t gain any ownership rights over the equities or currencies that form the subject of your CFD."