[quote=MaximeCau;8089876]{quote} Are you sure you trade their DMA ? I'm new with them but when you allow dma you can't deal contract per contract, you can't trade half contract... {quote}
They call it Forex Direct and claim it is pure DMA but it's still just a CFD. From their manual:
http://demo-deal.ig.com/content/file...nual_en_GB.pdf
Forex Direct is our no-dealing-desk trading facility for forex, giving you institutional prices and the ability to place orders directly into the forex order book. Available through our PureDMA dealing platform, Forex Direct provides full market transparency and access to prices from a wide selection of global banks and liquidity providers.
(.../...)
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: Forex Direct displays the best bid and offer price available for a particular currency pair, as well as up to four further prices on each side of the order book (the ‘market depth’). When you place an order using Forex Direct we instantaneously conduct a margin check to ensure you have sufficient funds in your account to cover the margin requirements on your proposed trade. Once this is confirmed, we will place an order in our name in the market and simultaneously create a corresponding CFD between you and us. As such, although you are trading at market prices all contracts will be cash-settled CFDs and you will not have any entitlement to delivery of the underlying currency.
Arguably the spread is much better than their regular FX offering but their commission & swap rates are terrible...
They call it Forex Direct and claim it is pure DMA but it's still just a CFD. From their manual:
http://demo-deal.ig.com/content/file...nual_en_GB.pdf
Forex Direct is our no-dealing-desk trading facility for forex, giving you institutional prices and the ability to place orders directly into the forex order book. Available through our PureDMA dealing platform, Forex Direct provides full market transparency and access to prices from a wide selection of global banks and liquidity providers.
(.../...)
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: Forex Direct displays the best bid and offer price available for a particular currency pair, as well as up to four further prices on each side of the order book (the ‘market depth’). When you place an order using Forex Direct we instantaneously conduct a margin check to ensure you have sufficient funds in your account to cover the margin requirements on your proposed trade. Once this is confirmed, we will place an order in our name in the market and simultaneously create a corresponding CFD between you and us. As such, although you are trading at market prices all contracts will be cash-settled CFDs and you will not have any entitlement to delivery of the underlying currency.
Arguably the spread is much better than their regular FX offering but their commission & swap rates are terrible...