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If you’re not quite ready to open an account and would like to try a free demo first we’re happy to set you up with one. We offer demo’s for CFD and FOREX trading. Please click the approprate button below and in no time you’ll be trialling these two cutting edge platforms.

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Are you familiar with the advantages of Direct Market Access trading?

FP Markets provide CFDs via the Direct Market Access (DMA) model because we believe it is the most fair and transparent model available. DMA traders are ‘price makers’ as they can enter and see an equal order flow onto the queue of the underlying exchange. This ensures they receive true ASX prices on every trade. DMA CFDs result in real-time execution with market prices and allows to you to participate in the order book and opening and closing phases of the market.

 

Watch a Direct Market Access trade being placed

The following video shows a Direct Market Access trade being placed on IRESSTrader

Exchange Traded CFDs

When trading ASX CFDs, orders are entered directly via a Participant into the ASX CFD central market order book. This order book is available for the market to see. All orders are executed on a strict price/time priority. This means that the first order with the best bid or offer price is always executed first. Trading in the ASX CFD central market order book also ensures ‘client orders’ are always given priority over a broker’s ‘house orders’.

Market Maker CFDs

Market Maker CFD prices are not identical to the prices on the underlying market. Market Makers derive their prices from the underlying market usually adding a spread. As an intermediary a Market Maker has the ability to alter prices in their favour, causing slippage which can be a significant cost of trading. Market Makers do not hedge 100% of their CFD positions and have the potential to profit from client losses. When trading through a Market Maker orders are at the discretion of a dealer. CFD orders are not placed directly on the market but flow through a dealer, resulting in orders being filled at inferior prices, so trading is slower especially in fast moving markets.

Market Makers will not provide clients with market depth and/or volumes which can be vital for successful trading. Price re-quotes or order rejections make it very hard to get decent execution and the inability to trade in market auctions means less liquidity.

The flow chart below illustrates how all orders and price feeds flow directly through a dealer and that all decisions are at the dealers discretion.

DMAorMM2

 

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