Best DMA Brokers In The UK 2025

Author

Christian Harris

Christian is a UK-based investment writer who's been actively trading an array of financial instruments for over 10 years. Having used most of the major brokers in the UK, Christian provides valuable insights on all things investing for British traders.

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Editor

James Barra

James is a UK-based writer and investor with consultancy experience at some of Britain's largest financial organisations. James authors, edits and fact-checks content for a row of investing websites.

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Fact Checker

Tobias Robinson

Tobias is a UK director and partner at Investing.co.uk. He provides commentary on the financial markets in the UK and supports the testing team with first-hand observations from over two decades of active trading.

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Looking to trade like a pro? Direct Market Access (DMA) puts you in the fast lane, giving you direct access to the order books of global exchanges—no middlemen, no markups, just pure market action.

We break down the best DMA brokers in the UK so that you can trade smarter, faster, and with complete control.

How We Picked The Top DMA Brokers

We prioritised FCA-regulated brokers offering genuine DMA access to UK traders.

Our team of experienced British traders carried out hands-on testing, assessing key factors such as Level 2 market depth, execution quality, order routing transparency, and software support.

How To Choose A Broker For Direct Market Access

• Market access determines which exchanges you can trade on through your DMA broker. For example, access to the London Stock Exchange (LSE) is essential if you want to trade UK-listed stocks, while international exchange access opens the door to global markets. The wider the access, the more opportunities you have to trade different instruments and across various time zones—useful for diversifying or finding the most active markets.
• Trading platforms are the primary tools you’ll use to place trades, analyse markets, and manage your positions. Some brokers offer user-friendly platforms, such as MetaTrader and TradingView, which are ideal for beginners. Others provide advanced tools, including FIX API or proprietary systems, designed for high-speed or automated trading. Choosing the right platform can significantly impact how quickly you trade, the features you have access to, and the overall smoothness of your trading experience on both desktop and mobile devices.
• Speed and quality of execution determine how quickly and accurately your trades are carried out. In fast-moving markets, even small delays can lead to missed opportunities or worse prices than expected. A good DMA broker should offer reliable, fast execution with minimal slippage, helping you get the price you see when you place your order—especially important for short-term traders who rely on precision.
• Fee structure directly affects your overall trading costs and potential profits. DMA brokers often charge commissions per trade, along with possible fees for live market data, platform access, or inactivity. These costs can add up quickly, especially if you’re an active trader. By comparing fee structures, you can select a broker that aligns with your budget and trading style, without any unexpected charges.
• Trading tools like Level 2 data, algorithms, and advanced charting help you make more informed decisions. Level 2 data displays the entire order book, providing insight into market depth and potential price movements. Algorithmic tools can help automate trades based on set rules, saving time and improving speed. Advanced charting lets you spot trends and patterns more clearly. For short-term traders, these tools can provide a real edge in timing entries and exits.
• Account types—such as professional and retail—offer varying levels of access, protection, and trading features. Retail accounts are designed for everyday investors and include robust safeguards, such as negative balance protection and FCA oversight. Professional accounts, while offering higher leverage and more advanced tools, have fewer regulatory protections. It’s essential to choose the right type based on your experience, trading volume, and risk tolerance.
• Minimum deposit requirements and funding options affect how easily you can get started and manage your account. Some DMA brokers require a higher initial deposit, which may not be suitable for beginners or smaller investors. It’s also helpful to check how you can fund your account—whether by bank transfer, debit card, or other methods—and how fast and flexible those options are. Choosing a broker that matches your budget and preferred payment methods can make your trading experience smoother from the start.
• Good customer service and support ensure you can get help quickly if something goes wrong or if you have questions about your account or trades. This is especially valuable for beginners who may need guidance with setting up platforms, funding accounts, or understanding trading tools. A broker with responsive, knowledgeable support—available through chat, phone, and email—can make your trading experience more secure and less stressful.
• A regulated broker helps protect your money and personal information. FCA-regulated brokers must adhere to rules that promote fair trading and transparency, thereby reducing the risk of fraud. This oversight provides you with peace of mind, ensuring the broker operates honestly and meets industry standards.

Based on my experience, having a DMA broker in the UK with responsive and technically proficient support is crucial—fast resolution of platform glitches or execution issues ensures uninterrupted connectivity and prevents costly delays in high-frequency trading environments.

Christian Harris

Author

DMA vs Traditional Brokers

A DMA broker allows you to place your orders—stocks, forex, CFDs etc—straight onto the exchange’s order book, where they interact directly with other market participants. This means you see real-time market prices, giving you greater transparency and control over your trades.

For instance, if you want to buy Google shares, which are listed on NASDAQ under Alphabet Inc., a DMA platform lets you purchase these shares directly from the exchange. This way, you avoid intermediaries and trade straight with the market.

In contrast, market makers act as the counterparty to your trades, often setting their bid and ask prices. They may profit from the spread between these prices, which can sometimes create a conflict of interest since they trade against you.

ECN (Electronic Communication Network) brokers and STP (Straight Through Processing) brokers operate differently—they route your orders to a pool of external liquidity providers, such as banks and hedge funds.

These brokers don’t directly connect you to the exchange but instead match orders within their network, offering fast execution and tight spreads without dealing desk intervention. However, you won’t see the entire exchange order book, as with DMA.

While DMA offers the highest level of market transparency and direct interaction with the exchange, it often comes with commission fees and requires a deeper understanding of market mechanics.

Market makers might be more straightforward and more cost-effective for beginners, while ECN and STP offer a middle ground with fast execution and variable spreads.

Saxo offers CFD trading with direct market access

Pros Of DMA Brokers

• Direct market access: You place orders directly on the exchange, providing real-time pricing and complete market transparency.
• Faster execution: Trades are processed quickly without broker intervention, which is crucial for short-term traders.
• Lower costs: Since there’s no dealing desk markup, you often get tighter spreads and pay only commissions or fees.

Cons Of DMA Brokers

• Liquidity issues: Every trade needs a buyer and seller. Using only one exchange can limit liquidity, making it harder to trade quickly.
• More complex: The trading platforms and tools can be advanced, making it harder for beginners to navigate.
• Minimum requirements: Some DMA brokers require higher minimum deposits or trade sizes, which might not suit smaller investors.

Through extensive trading experience, I’ve seen that the true advantage of a DMA broker is its ability to provide direct order placement on exchange order books with minimal latency and full market depth visibility, enabling precise execution and better trade management.

Christian Harris

Author

Bottom Line

When selecting a DMA broker, focus on the quality of the trading platform and the speed at which orders are executed.

It’s important to understand all costs involved, including commissions and data fees, to avoid unexpected expenses.

Additionally, ensure the broker is regulated and offers reliable customer support to assist you whenever needed.

To get started, dig into our rankings of the top brokers with DMA.