⭐ DMA Forex Brokers
- DMA Forex brokers are NDD as well as STP, with additional feature - direct access to the Top-tier liquidity
- DMA Forex brokers have Multiple Top Tier liquidity providers, which allows deeper liquidity and faster execution
- By aggregating prices from multiple liquidity venues DMA brokers provide ECN-style pricing (best pricing from Top-tier LPs) with spreads As low as 0 pips, known as RAW spreads
- See ECN vs DMA Forex brokers comparison
** Commission per standard lot Round Turn
"What is the difference between the DMA and ECN models?"
"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?
"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."