BeoForex Home

To begin trading forex with DMA, you must first locate and open an account with a competent forex DMA provider. To reduce currency risk, it’s also critical to develop a suitable forex trading strategy and implement a risk management approach.

DMA shows the best bid and offer prices for a given forex pair, as well as additional prices on either side of the order book. After that, you would choose your preferred price and submit an order. We place an order in the forex market and, at the same time, build a parallel forex CFD between you and us once we’ve confirmed you have adequate cash to cover the margin.

It’s important to remember that when you trade CFDs, you’re not buying the currency outright.

DMA allows you to use our technology while also gaining access to a variety of IG perks. Sponsored access trading, unlike DMA, makes use of the technology but does not go through the broker or provider’s management systems; instead, the order is confirmed by the exchange. This means that your supplier will not provide any pre-trade risk management or other advice.