The Top Direct Access Market Brokers

These are the best brokers for DMA Trading

  • forex.com logo forex.com - Best Forex Trading With DMA
  • ig logo IG - Top DMA Trading With Shares and Forex With L2 Dealer
  • hotforex logo HotForex - Good DMA Share Trading With MetaTrader 5
  • fpmarkets logo FP markets - Best ECN Pricing To Match DMA Options
  • Pepperstone Pepperstone - Top Spreads With No Commissions
  • ic markets logo IC Markets - Best Range Of Trading Platforms With ECN Pricing

Forex.com
FP Markets
Pepperstone
IC Markets
Our Rating
7.28
8
9.33
8.50
72% of retail investor accounts lose money when trading CFDs
The vast majority of retail investor accounts lose money when trading CFDs.
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd

Regulations and Licenses

Feature
Forex.com
FP Markets
Pepperstone
IC Markets
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
CYSEC (Cypus)
IIROC (Canada)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)

Brokerage

Feature
Forex.com
FP Markets
Pepperstone
IC Markets
EUR/USD Avg. Raw Spread
-
0.20
0.17
0.02
GBP/USD Avg. Raw Spread
-
0.40
0.59
0.23
AUD/USD Avg. Raw Spread
-
0.30
0.24
0.17
EUR/USD Standard Spread
1.20
1.30
0.75
0.62
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$2.00-$6.00
$3.00
$3.50
$3.50
Minimum Deposit
$100
$100
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
4+
10+
16+
15+
No Funding Fees

Markets and Instruments

Feature
Forex.com
FP Markets
Pepperstone
IC Markets
Currency Pairs
80+ (Standard Account)
58+ (DMA)
63+
62+
61+
Cryptocurrency CFDs*
8+
4+
12+
18+
Index CFDs
15+ (Standard Account)
14+
14+
16+
Share CFDs
220+ (Standard Account)
12,986+
300+
100+
Commodities CFD
26+
7+
9+
26+
Stockbroking
-
-
Retail Max Leverage (Australia)
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
-
500:1
500:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (The United Kingdom)
400:1
500:1
500:1
-
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
400:1
500:1
500:1
500:1
Retail Max. Leverage (UAE)
-
-
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (UAE)
-
-
500:1
-
Retail Max. Leverage (USA)
Spot 50:1
Futures 6.25:1
-
-
-
Retail Max. Leverage (Canada)
Major Pairs 33:1
Minor Pairs 17:1
-
-
-
Retail Max. Leverage (With offshore regulators)
Major Pairs 200:1
Minor Pairs 100:1
500:1
200:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Forex.com
FP Markets
Pepperstone
IC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Owned by Capital Gains
Fastest Limit Order Execution Speed
Smart Trader Tools
ECN pricing

Overall

Forex.com
FP Markets
Pepperstone
IC Markets