All three names are reputable enough.
You won't find DMA demo for obvious reason!
Most liked posts in thread: DMA CFD providers
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Oh yeah wasn't looking for DMA demo but after more looking found that IG Markets have DMA. Did notice that IG Markets has options as well which pretty much signs the deal for me. I've been trying to find a broker that does options as well as CFD's and was starting to think there wasn't one
I placed a call into CMC a couple of days ago because I am also wanting to trade CFD's but refuse to do so under a market maker mode. I was assured quite adamently that CMC does NOT offer DMA CFD's. I was glad to hear that IG Markets does have DMA CFD's with a fair comission. Their Demo account does not allow DMA CFD trading, ofcourse.
I personally used MFG over 12 months ago. Whilst I was happy with their pricing, and service; their platform was light years behind IG (I'd used a demo IG account).
I primarily use IB for my stock trading; so I was very disappointed by the MFG platform.
I'd be happy as a pig in mud if IB did DMA CFDs for ASX.
Or do you have a different platform with MFG and/or IG? I remember reading IG used to have a L2 dealer but they said they were phasing that out...
The 5 level is completely inadequate for many stocks >$2. And you can't breakdown and see the level2 depth. You also can't see the auction match price unless you open up a ticket, which you can only have 5 maximum open at any one time.
Do you think it may be viable to have a window open from another broker account to view depth? I wish Belldirect would offer some CFD trading...
tbh I never used the normal webiress so I can't comment
one of the things fpmarkets hides though is (I think) that they charge $25 to withdraw (I haven't withdrawn any money yet)
Worthwhile reading the finer print on admin fees
they also send you daily statements on your position and a consolidated statement at the each of each month for you to track your trades day-to-day and month-to-month (plus for me)
So would I be right in assuming that options through Commsec are DMA? I've been trading them through Commsec.
There must be lots of people that trade that don't get DMA. How detrimental is this to them.
What's the reason for non DMA brokers? How much can they manipulate prices to benefit themselves. There must be laws that keep them inline?
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