Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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Pricing and order book depth
L2 Dealer gives you exclusive access to both Level 1 and Level 2 pricing.
Pricing directly from an exchange, plus smart order routing (SOR) which sources the best possible price for you across multiple exchanges.
Everything in Level 1, plus the ability to see and interact directly with the exchange order book, so you can gauge current market sentiment, liquidity and volume.
DMA for shares and forex
You can trade share or forex CFDs on L2 Dealer, or invest in shares directly.
Take a position on shares with no dealer intervention, with direct pricing and order book visibility across a range of providers and venues, including the London Stock Exchange. Trade share CFDs or invest in shares directly.
Our forex DMA offering, Forex Direct, lets professional traders speculate on key currency pairs with CFDs by connecting directly to the liquidity pools of major banks. FX DMA is only available to professional clients.
See the full picture
Get a range of metrics that experienced traders and investors find useful.
See every single bid and offer that's been made in a market.
Assess whether other market participants are currently bullish or bearish before taking your position.
Use volume metrics to assess an underlying market's liquidity.
Deal with sophisticated order types which vary according to the exchange you're trading on.
Take a position anonymously and slice large orders into tranches to hide your full size.
Get started in 3 steps
Follow these steps to register for and start trading on L2 Dealer.
Open a trading account or share dealing account with us.
Fill in the form to get your L2 Dealer download link.
Download and install L2 Dealer using the link provided.
Our trading platforms
Compare features and decide when to use a particular platform with our comparison table.
L2 Dealer requires the Microsoft .NET Framework 2.0 installed on your computer, which the installer will prompt you to add if needed.
You can trade share CFDs or invest directly in shares on L2 Dealer. Pro clients can also trade forex.
You can trade on L2 Dealer by speculating with CFDs, available for shares and forex (forex is only available to pro traders), or you can invest in shares outright.
DMA stands for direct market access, letting experienced traders interact directly with the order book of an exchange 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.
Increase your chances of getting the best prices by entering auctions.
An advanced third-party platform, available through IG.
