I discovered this broker. It can be a nice one. I'm thinking of giving it it try. If you have, please share your knowledge/experience.
They are in UK and regulated by the FSA, so segregated account and capital protection.
This is the description from their site:
Whether you exchange economic data, are a scalper, standing or swing trader or prefer to use a complex API for automated trading, we're here in order to assist.
The advantages of the Direct Market Access trading account is the fact that it provides all Forex traders an immediate connection to this interbank market.
ONE DMA FX provides:Multi-interbank price feeds: prices streamed from 9 tiered forex banks. Market Depth Display: pricing to an additional decimal place for even greater transparency (1/10th PIP) No requotes: multiple bank feeds and no requotes Immediate Execution: no flaws in trade execution: the price you see is the price you get.
They offer the Fortex platform, and it is a respected multibank institutional platform, and additionally 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 isn't too poor (and not overly good too ). I'll ask them when the commission could be negotiated.
I suspect they're introducing brokers of CFH Markets, which likewise seems good to me, since CFH is accredited as a Matched Principal Broker, meaning it might not hold any proprietary positions and is therefore strictly acting as a prime broker between its customers and its banks =gt; it should be pure DMA.
These are just preliminary informations, I'll ask them for more informations. In the meantime, please share your experience or opinion.
I'm not connected with this or with any other broker in the world.