DMA pricing offers higher transparency and flexibility, perfectly suitable for advanced traders. FP Markets is one of the few brokers that offer it.

When you trade with a stock or forex broker, you're not actually accessing the market directly. Instead, your order goes to your broker's trading desk before it's forwarded to a market maker, who then looks for the matching counterparty on an exchange. It's quite a lengthy process, but most traders don't mind using this system. Advanced traders, however, need to execute their trades fast and precisely. This is exactly what DMA pricing offers.

FP Markets DMA Pricing


What is DMA CFD Trading?

Direct Market Access (DMA) is an online trading execution model that enables traders to place trades directly on the order book of an exchange or liquidity provider. An order book contains a list of orders that buyers and sellers place in an exchange. These orders remain in the book until they are fulfilled by a matching price from both the buyer and the seller. The ability to place orders directly on the order book gives traders bigger higher transparency and flexibility to choose their own price without any markup from the broker.

Meanwhile, Contracts for Difference (CFD) is a type of derivative product that allows traders to speculate on the prices of instruments without having to own the asset. The CFD prices are based on the real price of the underlying instrument in the direct market.

When a trader places an order using the DMA CFD trading system, a corresponding order is sent to the direct market. The order placed on the exchange mirrors the price, volume, and instructions of the CFD. And when the order is filled on the actual market, the trader's platform will be updated accordingly.


How to Conduct DMA Trades in FP Markets

FP Markets is one of the brokers that offer DMA trading. With over a decade of experience, the brokerage firm offers a wide range of trading services under the regulation of multiple financial authorities, including ASIC of Australia, CySEC of Cyprus, and FSA of Saint Vincent and the Grenadines. The broker is very popular among traders across various countries, levels of expertise, and trading styles. FP Markets' DMA pricing is known to be one of the best in the industry.

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.

Before you start making trades, the first thing you need is a supported trading platform. In FP Markets, you can use the IRESS trading platform to do so. The IRESS Trader interface is a popular choice for DMA trading, known for its fast execution, advanced order management, as well as various handy features like in-house charting package, access to level two data, live news, alert functions, and more.

Now, in order to trade with DMA pricing, you need to first spot the trade. Browse through the depth of market and find the best bid and offer available for you. This part is quite risky and requires advanced market analysis, so it's more recommended for experienced traders and large investors.

Once you found the deal you want to execute, simply place the DMA trade on the platform. Make sure to have sufficient funds in your trading account. The broker will instantly pass the order to liquidity providers and execute it with no additional markup. In other words, the order will be placed into your account at the exact same execution price as requested.

Where to Find the Information on the Official Broker Site?

  • This information is reported per Oct 3 2023.
  • We can not ensure if this offering is still available or remain the same in future.
  • The broker announcement page may or may not exist anymore, You may explore FP Markets homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.


The Benefits of DMA Pricing

  • Traders can get exposure to different levels of liquidity which gives them more transparency, allowing them to trade on the best bids and offers sourced directly from the liquidity provider.
  • Transactions are fully managed by traders, not brokers, so the former will get higher control and flexibility over the trades.
  • The access to full market depth allows traders to become price makers, not just price takers. Traders can directly impact the demand and supply of the product they're trading. It also allows them to add liquidity as a seller and take liquidity as a buyer.
  • Find the widest variety of assets that suit practically all kinds of trading styles on the available exchanges.
  • Execute trades faster than ever because DMA simply eliminates any intervention between traders and the market. This also results in no price requotes.
  • Provides the opportunity to trade in both the opening and closing auction phases.
  • Get access to high-frequency trading, which is a form of algorithmic trading approach that uses high-frequency data and trading tools to generate and high turnover rate.


The Downsides of DMA Pricing

  • It requires a good understanding of the market and risk management system to conduct successful trades.
  • The trader must use a reliable trading platform with sophisticated technology infrastructure to get the benefits of DMA trading. Not many brokers can provide this quality standard as it can be quite costly to maintain.
  • DMA trading is heavily regulated, which can be good to ensure the trader's safety, but it can also make it less flexible compared to over-the-counter (OTC) trades.
  • Only a few brokers offer DMA for retail traders, unless you're an expert.
  • If the trader's inactive for a long time, the inactivity fee can be quite costly.
  • DMA prices are not always better than OTC, considering that nowadays many brokers are using pricing technology that's designed to find the best available prices on both OTC and DMA markets.


The Bottom Line

In conclusion, the Direct Market Access (DMA) system allows traders to directly trade in the financial market without any intermediary. This is certainly an interesting approach to give traders more control over their trades and wider access to the full market depth. DMA pricing is most suitable for advanced traders or those who are looking to make large volumes of orders. Remember that while it offers a bunch of advantages, DMA pricing is certainly not free of risk. In addition, not many brokers offer it for retail traders. FP Markets is apparently one of the few exceptions so you might want to register with the broker should you be interested in DMA CFD trading.


FP Markets is a broker that provides various trading services, including low-spread trading. Here, traders can access markets such as Forex, Shares, Indices, Commodities & Cryptocurrencies.