DMA Brokers

glyder said:

Ultimately the forex market is run by the major world banks, does DMA mean that these banks are accepting orders direct from DMA brokers?

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YouAreNotFree said:

I'm with Alpari. I'm happy upto now.

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glyder said:

thanks I tried Alpari but found they requoted far too often.
I use FXPRO and have no complaints about them.

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glyder said:

A lot of traders say DMA is the only way to go as you are not then in conflcit with your broker, which of course makes sense.
But DMA broker for retail seem pretty elusive, of course none of the spreadbetters are DMA, OANDA is not DMA, neither are FXCM, FXPRO and Alpari.
Interactive brokers don't seem clear on how they execute their forex trades.

Ultimately the forex market is run by the major world banks, does DMA mean that these banks are accepting orders direct from DMA brokers?

Anyone name some decent DMA brokers please?

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Jason Rogers said:

Hi glyder,

FXCM's NDD forex execution offsets every trade individually with one of 10+ liquidity providers so there is no conflict of interest between FXCM and the trader. Your profit is not our loss, and your loss is not our profit. FXCM's compensation is the pip mark-up added to the spread which essentially acts as a commission.

The below video takes you through step by step how forex orders are executed:

FXCM's No Dealing Desk Advantage for Forex Trading - YouTube

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Jason Rogers said:

FXCM's NDD forex execution offsets every trade individually with one of 10+ liquidity providers so there is no conflict of interest between FXCM and the trader. Your profit is not our loss, and your loss is not our profit.

Click to expand...