Top 6 Best DMA Forex Brokers Australia 2019

by | Feb 17, 2019

If you’re looking for an Australian DMA (Direct Market Access) forex broker, then you already know that DMA CFD brokers in Australia are some of the best. Not only do they benefit from ASIC regulation, but they also provide some of the best services. Unfortunately, the internet is littered with websites stating which Australian brokers are DMA and which aren’t.

The fact is true DMA forex brokers in Australia are actually hard to come by and you shouldn’t trust the first source you come across. Always do plenty of research when looking into Australian DMA forex brokers!

(This post is part of the regulated forex brokers Australia series)

dma forex broker australia

Top 6 of the Best DMA Forex Brokers in Australia for 2019

Here is our list of the best DMA brokers in Australia:

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD accounts lose money

1. Pepperstone

Pepperstone dominates much of DMA market for forex brokers as it is highly trusted and delivers an excellent service to its clients. Clients with Pepperstone can benefit from a mix of DMA and access via other market participants, giving them the best prices to buy and sell at, when they sign up for either an ECN Razor Account or an STP Standard Account. Clients will also be happy to know that Pepperstone is also regulated by the UK’s FCA, another highly respected regulator. Additionally, in 2018, they were rewarded Best Forex ECN Broker by the UK Forex Awards.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5


74-89 % of retail CFD accounts lose money

2. IC Markets

IC Markets credits itself as ‘the world’s largest true ECN forex broker’, and with the reputation it has built, that claim certainly holds some grounds. IC Markets has developed an intricate web of market participants that range from high-level banks to darkpools, as well as other financial participants. On top of that, IC Markets is also committed to providing their clients with the lowest DMA commissions available.

  • Regulations: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
  • Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Try IC MARKETS with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: CIMA, NFA, CFTC, FCA, IIROC, FFA, SFC
  • Minimum deposit: $50
  • US Customers: YES
  • InvestinGoal rank: 3.7/5

70% of retail CFD accounts lose money

3. Forex.com

Forex.com is another highly trusted forex broker and one of the most highly regulated. With 15 years of experience, they now have over 200,000 clients using their service and numerous offices around the world. Clients who are regarded as ‘professional’ can sign up for a GTX Direct account, which allows them to access the liquidity of forex.com’s parent company, GAIN Capital.

  • Regulations: com registered at the FCM and RFED with the CFTC and member of the NFA (NFA # 0339826); GAIN Capital UK Ltd authorised & regulated by the FCA (113942); GAIN Capital – Forex.com Canada Ltd. regulated by IlROC; Gain Capital Japan Co., Ltd. regulated by the FSA. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN
  • Leverage: 1:50
  • Minimum Deposit: $ 250
  • Platforms: Advanced Trading (desktop), Web platform, mobile (iOS and Android)
  • Headquarters: GAIN Capital Holdings is headquartered in Bedminster, USA
  • US Customers: Yes
  • Other instruments: CFDs on indices, commodities, equities, bonds and rates, cryptocurrency (UK only); Bitcoin futures (US only); binaries
Try FOREX.COM with a demo account

70% of retail CFD accounts lose money

  • Regulations: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5


81% of retail CFD accounts lose money

4. IG Markets

Traders signing up to IG can expect a solid transparent service that won’t hide any hidden fees from them. A key advantage of IG is that they combine DMA with other pricing technology in an attempt to give traders the best price possible at the time they are trading. Their DMA service is also customizable allowing traders to activate the feeds they need. Traders can also benefit from dual regulation by the ASIC and the UK’s FCA.

  • Regulations: IG Markets Limited licensed by ASIC (AFSL no. 220440), licensed by the FSP (No. 18923), and authorised & regulated by the FCA (195355); IG Index Ltd authorised & regulated by the FCA (114059). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: £ 250 or equivalent
  • Platforms: MT4, web platform, trading apps (iPhone, iPad, Android mobile, Android tablet), L2 Dealer
  • Headquarters: IG Markets Limited is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on shares, indices, bonds, options, interest rates, sectors, cryptocurrency; spread betting; digital 100s
Try IG MARKETS with a demo account

81% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $2,500
  • Platforms: DMAHub, Fortex, MT4
  • InvestinGoal rank: 4.5/5


74-89% of retail CFD accounts lose money

5. Advanced Markets

Advanced Markets boasts that they have never had a moment of downtime, which is quite impressive. But perhaps what’s more impressive is their lengthy list of partners – UBS, Barclays, BNP Paribas, JPMorgan and Bank of America, to name a few! With solid partnerships such as these in place, Advanced Markets is able to provide some of the best liquidity. Headquartered in the Cayman Islands, Advanced Markets has offices in London, New York, and Charlotte, North Carolina.

  • Regulations: Advanced Markets LTD. is licensed by ASIC (AFSL no. 444649)
  • Type: ECN
  • Leverage: 1:50
  • Minimum Deposit: $2,500
  • Platforms: DMAHub, Fortex, MT4
  • Headquarters: Grand Cayman, Cayman Islands
  • US Customers: No
  • Other instruments: CFDs, metals, energy commodities
Try Advanced Markets with a demo account

74-89% of retail CFD accounts lose money

 

  • Regulations: FINMA
  • Minimum deposit: $10,000
  • Platforms: SaxoTraderGO, SaxoTraderPRO
  • InvestinGoal rank: 4.5/5


74% of retail CFD accounts lose money

6. Saxo Bank

Saxo Bank, as you can guess from their name, is not just your standard forex broker, they also operate as a bank. This is hugely beneficial as they can offer clients liquidity directly from themselves as well as through other providers. Additionally, this also enhances their level of experience above most of their competitors. Aside from ASIC regulation, Saxo Bank is also regulated as a bank in both Denmark and Switzerland, making them one of the most trusted forex brokers in the industry.

  • Regulations: Saxo Bank A/S regulated by the Danish FSA; Saxo Capital Markets UK Limited authorised & regulated by the FCA (551422); Saxo Capital Markets Pte. Ltd. Singapore supervised by MAS (200601141M); Saxo Bank A/S, DIFC Representative Office licensed by DFSA (CL2637); Saxo Bank FX K.K. licensed by the Japanese FSA (239); Saxo Capital Markets Hong Kong Ltd. registered by the SFC (1395901); Saxo Capital Markets (Australia) Pty. Ltd registered by ASIC (126 373 859). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN
  • Leverage: 1:200
  • Minimum Deposit: $2,000
  • Platforms: SaxotraderGo (web platform), SaxoTraderPRO (Windows, Mac)
  • Headquarters: Saxo Bank A/S is headquartered in Copenhagen, Denmark
  • US Customers: No
  • Other instruments: CFDs on stocks, ETFs, indices, commodities, government bonds, index options
Try SAXO BANK with a demo account

74% of retail CFD accounts lose money

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