Selecting the right CFD broker for your daily trading needs doesn’t have to be rocket science, but you will need to pay attention to a couple of key points to stay on the right side of the ledger. Today we are going to take a look at the main advantage of using a direct market access CFD broker. Many day traders refer to this type of setup as a DMA CFD broker.

Pure transparency in the market

By far the biggest advantage of using a direct market access CFD provider over a Market Maker type broker is the transparency of prices in the market. You know with a DMA broker that you will be able to see 100% of the market action all the time. Everything in the depth of the market is 100% clear and always available. This means that you can trade directly on the market without intermediaries.

You will greatly benefit from being able to see every single order that is in the depth of market window up to unlimited levels. Of course, the most important action is within 4 to 6 price steps and a full DMA Broker will allow you to see each of the individual buy and sell orders. By being able to see every buy and sell order in the market, you will be able to make more informed decisions by reading depth more accurately. Alternatively, when you trade with a Market Maker CFD broker, you may not always be able to see the exact depth of the market, as they can create the market as they see fit.