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OneDMAFX

  • Post #1
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  • First Post: Oct 19, 2010 7:46pm Oct 19, 2010 7:46pm
I recently discovered this broker. After a little research, it may be a good one. I'm thinking of giving it it try. Please share your knowledge/experience, if you have.

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:

 

  1. Multi-interbank price feeds: pricing streamed from 9 top tiered forex banks.
  2. Market Depth Display: pricing to an extra decimal place for even greater transparency (1/10th PIP)
  3. No requotes: multiple bank feeds and no requotes
  4. 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.

Have you heard of Advanced Markets? They're DMA also, through Fortex. Been trading on their demo. I've tried alpari, ikon, mb, nord, etc. Also live accounts. Advanced Markets has the fastest execution. I'm not here to sell them, but they are good.
Hi Jagui

I am planning to open a PAMM account with FinFx. Can you send me a list of good/consistent fund managers, who can trade my PAMM account with FinFx?

With regards,

Pramod
@All, anyone trading live with them?

@Parmod, did you find what you were looking for? Do you mind sharing?
Quoting ev8383
@All, anyone trading live with them? @Parmod, did you find what you were looking for? Do you mind sharing?
for Which one is your question?? but does not matter and Interesting that I have live accounts with FinFX and OneFinancial DMA both.
Both are very good. They seem to have different liquidity pools. Pricing and execution both good.

Both are quite reputable. One financial could have more heavy duty professional traders but I am not sure. By heavy duty
I mean the kind that do not blame the broker and bitch when the "market" goes against them.

J.
I asked several questions.
but no answer.
Quoting jagui
I recently discovered this broker. After a little research, it may be a good one. I'm thinking of giving it it try. Please share your knowledge/experience, if you have. 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...
.
Last night OneDma gave me really decent price during the Australian news. For the audusd and the audjpy both.
Other Brokers did bot even fill my orders in the audjpy...

J.
What was your aud/usd fill price on that AUD news?
.
audusd 1.05289, audjpy 104.855

[email protected] pips from price before spike

J.
Quoting jeuro
. audusd 1.05289, audjpy 104.855 [email protected] pips from price before spike J.
Nice fills! Always use pending orders with this broker or sometimes just an autoclicker like SNW?

They ok with you news trading? Withdrawn any profits yet?

Your fills usually good like the AUD fills? Lastly which account do you have, their mt4 with CFD's that requires minimum initial deposit of $250?

Thanks for the info.
Quoting LEXngton
Nice fills! Always use pending orders with this broker or sometimes just an autoclicker like SNW? They ok with you news trading? Withdrawn any profits yet? Your fills usually good like the AUD fills? Lastly which account do you have, their mt4 with CFD's that requires minimum initial deposit of $250? Thanks for the info.
Yes.. I always use pendings with all the brokers I trade. I do not use autoclick.. just a custom made tool.
I have an mt4 DMA accounts... so they don't care when and how I trade.
No withdraw yet , even that account is more then 1 year old. I do not foresee problems. I usually do not sweat
with regulated UK Brokers that are covered by the compensation fund. Any account under £50k is covered.
In general I do get very good fills with them. But it vary. It is all about the liquidity pools Brokers use.
I have no idea what pool OneDMA uses... but is different then Integral, different then Lmax and different then Citi.
As I get different fills from all of them all the time. No one is the best in a permanent base, which makes perfect sense
in the real market.

J.
Quoting jeuro
Yes.. I always use pendings with all the brokers I trade. I do not use autoclick.. just a custom made tool. I have an mt4 DMA accounts... so they don't care when and how I trade. No withdraw yet , even that account is more then 1 year old. I do not foresee problems. I usually do not sweat with regulated UK Brokers that are covered by the compensation fund. Any account under £50k is covered. In general I do get very good fills with them. But it vary. It is all about the liquidity pools Brokers use. I have no idea what pool OneDMA uses... but...
Much appreciated Jeuro, thanks again for the info... Wishing you continued success in your news trading too... Many say it's a thing of the past however they know little Take care...
  • Post #13
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  • Last Post: Apr 14, 2013 11:33am Apr 14, 2013 11:33am
Quoting LEXngton
Much appreciated Jeuro, thanks again for the info... Wishing you continued success in your news trading too... Many say it's a thing of the past however they know little Take care...
Hi, Their liquidity provided is CFH Markets. I've contacted them to confirm.
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