Should I use direct market access or market makers while day trading in CFD?

[Stella]

Is it okay to use direct market access or market makers while day trading in CFD?
 

[Dan]

Hi Stella,

Day trading in CFDs is one trading strategy that can magnify your gains in the CFD market. However, your success will depend on the type of broker and the platform you choose to use. 
Whether you choose to use direct market access or market maker, either way, you may reap some benefits and on the contrarily make losses. 
A market maker CFD will allow you to trade any product you want at any place across the globe. Market makers will set the prices on the products you wish to trade hence making your trading flexible. While dealing with a market maker, you only need one account to sell all over the world.
In Direct market access, you can directly check what you can trade without necessarily using a broker. The transparency that this technique offers is what enables you to what is available in this market. You can also quickly place your trades in this market.
One drawback of using a market maker is that they state the prices they feel like; therefore, some products may have an unusually large spread.
When choosing to use either market maker or Direct Market access, you need to know the products you want to use and the time you want to trade them. Typically, if your time frame is short, then you can use the Direct Market Access strategy. If your time frame is flexible, then you can use a market maker. However, you can use both of them as long as you know when and how to employ them.