They are in UK and regulated by the FSA, so segregated account and funds protection.
This is the description from their website:
Whether you trade economic data, are a scalper, position or swing trader or prefer to use a sophisticated API for automated trading, we are here to help.
The benefits of our Direct Market Access trading account is that it provides all Forex traders a direct link to the interbank market.
ONE DMA FX offers:
- Multi-interbank price feeds: pricing streamed from 9 top tiered forex banks.
- Market Depth Display: pricing to an extra decimal place for even greater transparency (1/10th PIP)
- No requotes: multiple bank feeds and no requotes
- Instant Execution: no delays in trade execution: the price you see is the price you get.
They offer the Fortex platform, which is a respected multibank institutional platform, and also the MT4, which is bridged to the same liquidity of the Fortex platform.
I'm demoing their metatrader, and spreads are very good. It shows a commission of $8 roundturn, which is not too bad (and not too good also). I'll ask them if the commission could be negotiated.
I suspect they're introducing brokers of CFH Markets, which also seems good to me, because CFH is licensed as a Matched Principal Broker, meaning that it may not hold any proprietary positions and is therefore purely acting as a prime broker between its clients and its banks => it should be pure DMA.
These are just preliminary informations, I will ask them for more informations. In the meantime, please share your opinion or experience.
I'm not affiliated with this or with any other broker in the world.