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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

L2 Dealer

L2 Dealer is our direct market access (DMA) platform. On L2 Dealer, you’ll be able to trade share or forex CFDs, or trade shares outright, straight through the order books of international exchanges.

Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.

Why trade on L2 Dealer?

View the full order book

See every single bid and offer that’s been made in a market.

Compare market sentiment

Assess whether other market participants are currently bullish or bearish before taking your position.

Time your entry

Use volume metrics to assess an underlying market’s liquidity.

Choose from a wide range of
order types

Deal with sophisticated order types which vary according to the exchange you’re trading on.

Benefit from anonymity

Take a position anonymously and slice large orders into tranches to hide your full size, especially if it could affect market prices.

Enter auctions

Increase your chances of getting the best prices by entering auctions.

Open an account to access L2 Dealer

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Fast execution, huge range of markets

Discover opportunity across more than 17,000 global markets

Trade wherever you are

Trade on the move with our award-winning app

Trust in an industry leader

Benefit from over 45 years of financial experience

How to get started with L2 Dealer

L2 Dealer is for experienced traders. If that’s you, here’s how to get started:

  • Shares
  • Forex
 
 
 
  1. Learn more about DMA
  2. Decide whether you want to trade share CFDs or invest in shares directly
  3. Open a trading account or share trading account
  4. Fill in the form below to get your L2 Dealer download link

If you already have an account, log in here.

Register for L2 dealer

 
 
 
  1. Learn more about DMA
  2. Available for Pro clients only
  3. Check to see if you qualify for a Pro account
  4. Fill in the form below to get your live L2 Dealer download link

If you already have an account, log in here.

Register for L2 dealer

How does DMA work?

DMA works by giving you direct access to our L2 order book, which shows the full depth of a market. You’ll be able to see and interact with an exchange’s order book – so you’ll get direct pricing and the ability to see what other market participants are up to.

You can access DMA on shares with us by trading share CFDs or investing in the shares directly through share trading. For forex, you’ll need to check if you qualify for a Pro account, because our Forex Direct offering on L2 Dealer is only available to Pro traders.

What is Level 1 and Level 2 market access?

Level 1 and Level 2 market access are what you get when you use our L2 Dealer platform. Level 1 enables you to get pricing directly from an exchange – cutting out the middleman. You’ll also benefit from smart order routing (SOR), which sources the best possible price for you from multiple exchanges.

Level 2 market access gives you everything Level 1 does, plus you get to see and interact directly with the exchange order book – so you can determine whether the market sentiment for a particular share or forex pair is currently bullish or bearish. And, you’ll be able to gauge underlying liquidity and volume metrics – maximising the chances that you’ll be able to find someone to fill the other side of your position.

FAQs

What are the technical requirements for L2 Dealer?

L2 Dealer requires the Microsoft .NET Framework 2.0 installed on your computer.

When you install L2 Dealer the program will automatically check for this, and prompt you to install the .NET framework if required.

If you would prefer to install the .NET framework independently, it can be downloaded from Microsoft here.

What markets can I trade on L2 Dealer?

With us, you’ll be able to trade share CFDs or invest in shares directly on L2 Dealer. Pro clients can also trade forex on L2 Dealer.

What are the ways to trade on L2 Dealer?

You can trade on L2 Dealer by speculating with CFDs. This is available for shares and forex, but our forex offering on L2 Dealer is only available to pro traders. If trading with CFDs isn’t for you, you can also invest in shares outright on L2 Dealer.

What is DMA trading?

DMA stands for direct market access, and it lets experienced traders interact directly with the order book of an exchange. With us, this can be for either shares or forex. With shares, you’ll be trading CFDs or investing directly. For forex, you’ll need to qualify for a Pro account – and you’ll be trading with CFDs.

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