What is the difference between a direct access broker and a traditional broker?

Direct access brokers are different from traditional brokerages. They are perfect for traders who need to execute high speed trades. With traditional brokers, trading is delayed as access to the market goes through a third party and is not direct.

Which are the best direct access brokers?

The best rated Direct Access broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Another top rated Direct Access broker Pepperstone offers Forex, CFDs, Social Trading. Pepperstone minimum deposit is 200.

What are the benefits of using a direct access broker?

Here are some benefits of dealing with direct access brokers. Certainly direct access brokers charge fewer commissions compared to traditional brokers but investors need to trade in high volume. For day traders the delay in the quotes may turn dangerous. This is the reason direct access brokers provide accurate price data in real-time.