What is a direct market access broker (DMA)?

Direct Market Access Brokers (DMA) differ from types of brokerages like ECN and no dealing desk (NDD) as you can execute orders directly through electronic order books at the exchange. Below, we review the best DMA brokers for forex and shares. What Changed?

What is a DMA Broker & how does it work?

DMA brokers give traders direct access to market makers and liquidity providers, bypassing traditional broker intermediaries. The main benefit of DMA is that it gives traders more control over their orders. They can see live market prices and place trades directly at the National Best Bid and Offer (NBBO) set by the exchanges.

What is the best DMA broker for futures trading?

Saxo Markets is the best DMA broker for futures trading as they offer DMA futures on 300 contracts across 16 future exchanges. Saxo Markets has won ‘best futures broker’ in our awards three out of the past four years. For more information on futures trading platforms, you can compare futures brokers here.