#1

Pepperstone

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

78% of retail CFD accounts lose money

#2

IG MARKETS

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

81% of retail CFD accounts lose money

#3

FOREX.COM

  • Regulations: NFA, FCA, IIROC, ASIC, FFA, MAS, SFC
  • Minimum deposit: $250
  • Platforms: Proprietary, MT4
  • InvestinGoal rank: 3.7/5

74% of retail CFD accounts lose money

#4

Advanced Markets

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

74-89% of retail CFD accounts lose money

#5

SAXO BANK

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

74% of retail CFD accounts lose money

Top 5 Best DMA Forex Brokers UK 2019

by | Feb 18, 2019

While UK DMA forex brokers happen to some of the best, there are, unfortunately, plenty of brokers that falsely claim to offer DMA (Direct Market Access).

To make things worse, there are also a number of poorly-informed websites that claim a broker is DMA, but they are just feeding you wrong information.

In reality, there are only a handful of true UK DMA forex brokers, and they are hard to come by.

Why look for a UK DMA forex broker?

Well, not only do they offer some of the best services, they are also regulated by the FCA, one of the most reputable regulators in the world.

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

dma forex broker uk

Top 5 of the Best DMA Forex Brokers UK 2019

Here is our list of the best DMA forex brokers available in the UK:

  • 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 is the titan of DMA brokers and offers an excellent service to its clients, which is why it sits on top of our list. Traders can sign up for an ECN Razor Account or a STP Standard Account. Both types offer clients a mix of DMA and access via other market participants to give clients the best price to buy or sell at. They are additionally regulated by ASIC in Australia as well, another leading regulator, providing traders with further coverage. 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: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5


81% of retail CFD accounts lose money

2. IG Markets

IG is another broker that is both regulated in the UK and Australia and aims to provide its traders will a high level of transparency. With IG, traders can benefit from a customizable feed, which allows traders to activate the feeds they need. Plus, they also claim to combine DMA with other pricing technology to give traders the best price possible at the time they are trading.

  • 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: CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA, MAS, SFC
  • Minimum deposit: $250
  • Platforms: Forex.com Platform, MT4
  • InvestinGoal rank: 3.7/5


74% 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

74% 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

4. Advanced Markets

Advanced Markets truly offers its clients an advanced service, supposedly never having a moment of downtime. Since their inception, Advanced Markets has managed to build partnerships with UBS, Barclays, BNP Paribas, JPMorgan and Bank of America, giving them fantastic liquidity. It’s worth noting that while Advanced Markets is headquartered in the Cayman Islands, it 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

5. Saxo Bank

Established in 1992, Saxo Bank is one of the most trusted brokers in the forex industry. Saxo Bank is ideal for those who are able to invest a lot of money in forex trading. They have a wealth of financial information, additionally doubling-up as a bank. This a huge plus as they also utilize their own liquidity as well as liquidity available in the wider market. They are also regulated as such in Denmark and Switzerland.

  • 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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