Depth of market (DOM) refers to the quantity of the best tradable quotations in the current market. Knowing the depth of the market helps traders to assess whether slippage occurs in the size of their orders and predict the true order cost. At the same time, market depth is also used by some traders as a trading strategy in short-term trading.
As a very featured OTC brokers that disclose market depth to retail traders, you can see the market depth on SeventyBrokers MT5.
If you are on a mobile phone, you can directly click on the product you want to know, and then select "Depth of Market".
If you are on the PC side, you can click on the relevant product by email and select "Depth of Market". At the same time, in the new window, you can click the expansion button, so that you can view the market depth of up to 5 layers of the best quotes.
When using DOM feature, please note the following tips:
1.We use different order routing strategies for different products. Some products only come from direct quotations from market-making banks or tier-one market makers, and only provide little in-depth information. At this time, we will not show more market depth.
2.Open the market depth expansion and will receive a large amount of quotation data at the same time. This places high demands on your network. We recommend that you minimize the number of products that you can view at the same time and open the window for viewing depth as much as possible to save your network bandwidth and avoid the trouble caused by delayed display.