40-year heritage
152,600 clients worldwide
Access to over 10,000 markets

Downloadable DMA platform

Get direct access to shares and forex markets with L2 Dealer, our downloadable DMA platform

  • Shares DMA – Trade CFDs or use our stockbroking service to trade with  no dealer intervention, full market depth and access to dark liquidity pools 
  • Forex Direct – Currency trading at the market price, with liquidity from major providers

Ready to start? Open an account and then register for L2 Dealer using the form below.

Is L2 Dealer for me?

L2 Dealer, our downloadable DMA platform, provides powerful, flexible DMA access for advanced traders.

  • Designed for our own traders, so it’s for people comfortable with the increased complexity of DMA trading

  • L2 Dealer gives you increased control over your CFD and stockbroking trades

  • Specifically for traders who are happy to participate directly in the market

Improved liquidity and pricing

  • Greater liquidity on shares trading through access to primary exchanges, market makers, brokers and MTF dark pools
  • FX trading via Forex Direct – connect to the liquidity pools of major banks and Currenex
  • Market depth from a range of providers (including full market depth from the LSE)
  • Order books displayed by individual exchange or in an aggregated window for a consolidated view across all lit venues
  • Smart order-routing, which automatically sources the best price from several trading venues

Learn more about shares DMA and Forex Direct

 

 

Professional order control

  • Wide range of available order types: pegged, fill or kill, execute and eliminate, good for auction and more
  • ‘Iceberg’ facility: break large shares orders into smaller tranches

 

 

Enhanced trading technology

  • No requotes or dealer-referred tickets
  • Place basket trades using our Excel-compatible 'Watchlist Pro' function
  • L2 Autotrade automates your trading using algorithms you have created in Excel
  • Ladder dealing helps you place limit orders fast
  • Customisable, professional DMA interface
  • ‘One-click’ trading tools and integrated market alerts
  • Market-linked news feeds and live charts, that switch focus when you do
  • Over-the-counter shares and forex trading also available

 

 

Does it cost extra?

L2 Dealer is free to download. However, depending on the exchange you wish to view or trade on, you may be liable to pay that exchange's data usage fees. IG will rebate these fees for active traders.

Contact us for more information on these costs plus commission and funding charges.

How does DMA work?

Our DMA service allows you to trade on underlying market prices and depth, but what you’ll 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, and we instantaneously conduct a margin check to ensure you have sufficient funds to cover the margin on your proposed trade
  • If the margin check is satisfied we place an order in the market and, at the same time, create a parallel CFD between you and us

So while you’re trading at market prices, you won’t gain any ownership rights over the equities or currencies that form the subject of your CFD.

How do I get it?

To start trading with L2 Dealer, you need to follow these steps:

Register for L2 Dealer using the form below

Register for L2 dealer

  • Register

Already registered?

Download and install L2 Dealer using the link below.

Once you have installed the application, you can log in with your usual details.

Please note you will be unable to log into the platform unless you have registered for L2 access.

Download L2 Dealer

Download L2 Dealer manual (PDF, 3.5MB)

Technical requirements

Microsoft .NET framework

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.

Alternatively you can go to your computer’s Windows Update page (accessed from your Start menu or at Windows Update) and select .NET from the options in the ‘optional updates’ section.

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

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L2 installation

Start trading with L2 Dealer

To install the L2 Dealer, first install and run the Prerequisite (which may require Admin credentials). Then launch the 'clickonce' installer.

Contact us

We're here 24hrs a day from 10am Sunday to 12am Saturday,
and 11am to 7pm Saturday.

010 344 0053

You can also email helpdesk.za@ig.com