DMA Trading Account
Direct Market Access for experienced high volume Forex traders who demand deep liquidity and the control to take advantage of ultra tight spreads
- Trade on prices sourced from global banks and top tier liquidity providers – with no additional mark up
- View multiple levels of real time pricing, min trade size 100K
- Discounted commissions based on trading volume
Last Updated:View Less Markets View more
|Depth of market||Increased visibility into multiple levels of real time pricing|
|Ultra tight spreads||With no additional mark up|
|Discounted commissions||Based on trading volume|
|Products offered||Forex, Metals (Gold and Silver)|
|Leverage available||20:1 on Forex* and 5:1 on Metals|
|Min trade size||$100,000|
|Min recommended deposit||$25,000|
*For retail clients. Accredited Investor rates here.
Straightforward, transparent pricing
When you trade with a DMA account, you'll pay no City Index spread. In addition, you'll benefit from volume discounts the more you trade.
We charge you a standard commission and you’ll earn discounted commissions based on your trading volume. The more you trade, the deeper the discount the following month – see an example.
DMA Commission Reduction Example
If you trade $350M volume in Month 1, your commission for trades in Month 2 will be $35 per million traded.
If you trade $550M volume in Month 2, your commission for trades in Month 3 will still be $35 per million traded, since it is based on your 3-month rolling average of volume traded.
If you trade $600M volume in Month 3, your commission for trades in Month 4 will be $30 per million traded (based on 3-month rolling average of volume traded).
|Monthly Volume||Commissions per USD million traded||Reduction Standard Commission|
|$0M - $100M||$60||0%|
|$100M - $250M||$40||-33%|
|$250M - $500M||$35||-42%|
|$500M - $1B||$30||-50%|
|$1B - $2B||$25||-58%|
Open a DMA Account
Whether you're a new or existing client, opening an account is simple and takes only a few minutes
Our forex DMA dealing ticket is designed to provide traders with greater visibility into the Forex market.
Typically only available to institutional traders, City Index’s DMA account gives you access to multiple levels of liquidity displayed in real time. You’ll view pricing available on either side of our order book and have the ability to place orders within the top of book spreads.
Keep in mind, this doesn't necessarily mean that the top-of-book prices will always be better than our standard pricing as factors such as size of trade and time of day can impact the tightness of the bid/ask spread.
Lifecycle of your trade
Spot the trade
See depth of market and identify the best bid and offer available
Place the trade
instantaneous market check to ensure sufficent funds
Trade is routed to liquidity providers
and executed with no mark up
We book the trade
into your account at the exact same execution price
You'll trade on prices sourced directly from our liquidity providers and City Index acts as principal to your trade.
Why City Index?