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DMA/STP Forex Brokers
Written by Aboutcurrency
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In order to qualify as a genuine DMA/STP broker, DMA ( Direct Market Access ) brokers must meet all of the following criteria:
- The broker only provides variable spreads.
- No dealer intervention and no requotes ever.
- The broker only provides market execution.
- No restrictions on forex scalping or fast order entry.
Find below a list of DMA/STP no dealing desk forex brokers with very good reputation among traders.
| STP Broker |
Features |
Spreads |
More |
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Xemarkets provides DMA/STP market execution on all trading accounts (Micro, Standard, Executive). Number of Liquidity providers: 6
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Variable |
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Hotforex provides DMA/STP market execution on all trading accounts (Micro, Premium, VIP, Islamic, Currenex).
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Variable |
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DMA/STP Forex Trading:
PROS
- Tight variable spreads
- No dealing desk (NDD) trading
- No conflict of interest between broker & client
- No re-quotes ever
- Scalping allowed
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