Direct market access

  • Specialist DMA trading for shares and forex
  • Direct access across our range of trading platforms
  • Algorithmic trading for advanced users

Shares DMA

Markets and exchanges

  • Trade shares with DMA and get execution into multiple liquidity venues, including broker and MTF dark pools, dedicated market makers, exchange and MTF-lit trading venues.
  • View pricing from global exchanges and MTFs as well as a hybrid view for a consolidated picture of the order book.

Who's it for?

We recommend DMA only for advanced traders. It’s suitable for those looking to trade market depth with algorithms and traders looking to participate in the pre-market and post-market auctions.

DMA costs

Commission

Our only charges are a small commission – the same as an OTC trade. 

Other fees

Under the terms of our customer agreement, we will also pass on to you any transaction costs, such as stock borrowing fees, which we incur as a result of your transaction.

Exchange fees

Depending on the exchange you wish to view or trade on, you may be liable to pay data fees. These fees are refunded if you’re a frequent trader.

DMA with IG

Our pricing technology is engineered to find the best available prices on both OTC (over-the-counter) and DMA. This means that DMA prices are not necessarily better than OTC, but direct access to the markets can give you greater visibility and flexibility as a trader.

There are many added complexities to the trading environment and there can be an increased risk. As we take a parallel position in the underlying market, DMA traders need to be aware that once an order has been executed we are unable to change or reverse the position.

DMA Technology

Trading platform and apps

  • Trade with DMA on our web-based platform, iPad and iPhone apps
  • Quick set-up

Terminals and APIs

  • Full support for traders using their own front-end technology
  • Bloomberg terminal and FIX API support

L2 - our DMA platform

  • Free, downloadable software
  • Designed for our own traders
  • L2 Autotrade automates your trading

Forex Direct

Markets and exchanges

  • Forex traders can use DMA execution to get full market transparency and access to prices from a wide selection of global banks and liquidity providers.
  • View extended data on a currency pair and act as a market maker.

Who's it for?

We recommend DMA only for advanced forex traders. It’s suitable for those looking to trade and view full market depth.

Forex Direct costs

Commission

Our only charges are a small commission – this differs from OTC trading, where we add a spread instead. 

The commission rates on your account vary based on the volume you traded in the preceding month.

If your account is not USD-denominated, the commission will be converted into your base currency (at current exchange rates) before being deducted.

Size (millions of USD) Commission (USD per million)
1500 + 10
< 1500 20
< 500 30
< 100 60

DMA technology

Trading platform and apps

  • Trade with DMA on our web-based platform, iPad and iPhone apps
  • Quick set-up

Terminals and APIs

  • Full support for traders using their own front-end technology
  • FIX API support

L2 - our DMA platform

  • Free, downloadable software
  • Designed for our own traders
  • L2 Autotrade automates your trading using algorithms you have created in Excel

DMA with IG

Our pricing technology is engineered to find the best available prices on both OTC (over-the-counter) and DMA. This means that DMA prices are not necessarily better than OTC, but direct access to the markets can give you greater visibility and flexibility as a trader.

There are many added complexities to the trading environment and there can be an increased risk. As we take a parallel position in the underlying market, DMA traders need to be aware that once an order has been executed we are unable to change or reverse the position.

It is important to note that while you are trading based on underlying market prices and depth, what you actually receive on placing a trade is a CFD from us. It works like this:

  • DMA displays the best bid and offer price available for a particular market, plus further prices on either side of the order book
  • You place an order using a DMA Deal Ticket and we instantaneously conduct a margin check to ensure you have sufficient funds on account to cover margin on your proposed trade
  • If the margin check is satisfied, we place an order in our name in the market and, simultaneous to this, create a parallel CFD between you and us.

So while you are trading at market prices, you do not gain any ownership rights over the currencies which form the subject of your CFD.

Getting started

  1. To trade DMA with IG you need to open an account and activate DMA within our web-based trader. Most clients will need to have a minimum $2000 cash balance on their account to activate DMA.
  2. You can then choose to activate the data feeds you need.
  3. Then choose which platform you’d like to trade on: our web-based trader and iPhone/iPad apps, the specialised L2 Dealer, or your own front-end technology.

You might be interested in...

  • Execution and pricing

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  • DMA trading

    Direct access to shares and FX markets with our DMA platform.

  • Charts

    We've got the right charts for every trader, in every situation.

Help and support

Get answers

Or ask about opening an account on 1800 601 799, or +61 (3) 9860 1799, or helpdesk.au@ig.com.

If you're calling from NZ, you can contact us on 0800 442 150

We're here 24hrs a day from 3pm Saturday to 8am Saturday (AEST).