⭐ 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
IBKR	1 $					1 $	50	0.1	0.5 ≈	0 $	2000 $	50	0.1	0.1 ≈	0 $																DMA	STP, ECN pricing	A-book	Market	US, Canada US, Canada	1978	CFTC, SEC, FINRA, SIPC, CIRO	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
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
Tier1FX	1000 $										1000 $	30	0.01	0.2 ≈	5.5 $																DMA	, STP routing	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
Velocity Trade	25000 $										25000 $	100	0.01	0.5 ≈	15 $																DMA		A-book	Market	UK UK	2007	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

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."