27 Best NDD Forex Brokers

 

 

 

 

 

A No Dealing Desk, more commonly known as NDD, can describe a trading platform which is offered by a Forex broker which provides unfiltered access to the interbank market rates pertaining to exchange.

 

 

As opposed to a Dealing Desk or Market Making, most NDD brokers offer Straight Through Processing, or STP, execution on Forex trades.

 

Here are the Best top 10 Hand-Picked NDD Forex Brokers

• ✔️Exness
• ✔️Key to Markets
• ✔️Blackbull Markets
• RoboMarkets
• FXTM
• InstaForex
• eToro
• RoboForex
• Pepperstone
• HotForex

 

View our top 6 globally recommended recognized forex brokers below:

 

 

Let’s get started with the list

 

Exness

 

 

Overview

Exness, an SVG, Cyprus, and UK-based broker, which was established in 2008, provides traders from around the globe with tailored financial services in addition to investment solutions and vast opportunities reserved for both retail and corporate solutions or partnerships.

The trading conditions offered to traders are competitive and comprehensive in catering to the various trading needs and objectives of different traders despite their level of trading experience.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
The high maximum leverage offered	Accounts are not multi-currency
Powerful trading platforms supported
Variety of financial instruments

 

Features

Feature	Information
Regulation	CySEC, FCA, SFSA
Minimum deposit from	$1
Average spread from	0.0 pips
Commissions from	From $3.5 per lot per side
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:2000
Bonuses	None
Customer Support	24/5 – multilingual

 

Key to Markets

 

 

Overview

Established in 2010, Key to Markets is a reputable and well-regulated broker based in New Zealand, the United Kingdom, and the United Arab Emirates.

Traders can expect trading conditions that consist of some of the tightest spreads in the industry, access to trade in over 200 financial instruments, and the use of powerful trading platforms such as MetaTrader 4, FIX API, and Myfxbook AutoTrade.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
Commission-free trading accounts provided	Only two account types offered
FIX API offered
PAMM Accounts available

 

Features

Feature	Information
Regulation	FCA, DMCC
Minimum deposit from	$100
Average spread from	0.0 pips
Commissions from	$8/€6 per traded lot round turn
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5 – multilingual

 

Blackbull Markets

 

 

Overview

Established in 2014, Blackbull Markets is an online broker which uses an NDD model to provide traders from around the globe with the best possible trading conditions in the industry when trading various financial instruments spread across several asset classes.

Traders have different trading needs, objectives, and levels of knowledge, skill, and experience and despite this, Blackbull Markets makes provision for a dynamic trading environment.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
Commission-free trading offered	Fixed spread accounts not provided
Access to Prime liquidity providers	Limited trading tools offered
	Cryptocurrency trading not offered

 

Features

Feature	Information
Regulation	FSPR
Minimum deposit from	$200
Average spread from	0.1 pips
Commissions from	From $6
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5 – multilingual

 

 

RoboMarkets

 

 

Overview

RoboMarkets, established in 2012, is an award-winning, international, multi-asset broker which is based in Cyprus.

Traders can trade in numerous financial instruments that are spread across a variety of asset classes in addition to being offered competitive trading conditions with tight spreads, low commissions, and an array of accounts that suit the needs of various traders.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
Commission-free trading accounts provided	Fixed spread accounts not offered
Transparent fees
Variety of accounts offered
Competitive trading conditions

 

Features

Feature	Information
Regulation	CySEC, IFSC
Minimum deposit from	$100
Average spread from	0.0 pips
Commissions from	$0.0045 US Stocks
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:30 (retail)
Bonuses	Yes
Customer Support	24/5 – multilingual

 

FXTM

 

 

Overview

FXTM was established in 2011 and there are offices in jurisdictions including the UK, Cyprus, South Africa, and Mauritius. FXTM offers competitive trading conditions consisting of tight spreads, good execution speeds, and advanced trading tools.

Traders can trade various financial instruments spread across a variety of asset classes using powerful and reliable trading platforms supported and offered by FXTM

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
Variety of financial instruments offered	Restricted leverage for EU-clients
Commission-free trading offered
Low minimum deposit
Variety of account types offered

 

Features

Feature	Information
Regulation	CySEC, FCA, FSC, FSCA
Minimum deposit from	$10
Average spread from	0.0 pips
Commissions from	$2
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:2000
Bonuses	Yes
Customer Support	24/5 – multilingual

 

InstaForex

 

 

Overview

InstaForex was established in 2007 and is a well-regulated broker which has offices based in Cyprus, Saint Vincent and the Grenadines, and the British Virgin Islands.

InstaForex has obtained numerous awards since its establishment and boasts with over 7 million registered traders from around the world. Traders are offered competitive trading conditions along with the trade-in of over 300 financial instruments.

 

Pros and Cons

✔️ PROS	❌ CONS
Well-regulated	US Clients not allowed
Commission-free trading offered	EU-clients restricted on leverage
MetaTrader 4 and 5 offered
Variety of financial instruments
Variety of account types offered

 

Features

Feature	Information
Regulation	CySEC, BVI, SVGFSA
Minimum deposit from	$1
Average spread from	0.0 pips
Commissions from	0.03%
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	Yes
Customer Support	24/5 – multilingual

 

eToro

 

 

Overview

Established in 2006, eToro is a reputable and popular broker along with being the leading social trading platform providing numerous services to global traders.

Traders from over 140 countries are offered competitive trading conditions along with providing them with the ideal platform that supports copy trading along with sharing signals from within a vast online community.

 

Pros and Cons

✔️ PROS	❌ CONS
Well-regulated	No US Clients
Commission-free trading offered	Fixed spread accounts not provided
Large online trading community	MetaTrader 4 and 5 not offered
Leading social trading platform

 

Features

Feature	Information
Regulation	ASIC, FCA, CySEC
Minimum deposit from	$200
Average spread from	3 pips on EUR/USD
Commissions from	$0
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:400
Bonuses	None
Customer Support	24/6 – multilingual

 

RoboForex

 

 

Overview

Established in 2009, RoboForex is a reputable, award-winning broker which provides traders with access to over 9,400 financial instruments which are spread across several asset classes.

Traders are offered competitive trading conditions along with access to Tier-1 Liquidity Providers, the tightest spreads, fastest execution speeds, and leverage up to 1:2000.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	No US Clients
Negative balance protection provided	Fixed spread accounts not offered
Flexible account types offered
Multiple trading platforms supported

 

Features

Feature	Information
Regulation	IFSC
Minimum deposit from	$10
Average spread from	0.0 pips
Commissions from	$0.0045 US Stocks
Deposit/Withdrawal Fees	Yes
Maximum Leverage	1:2000
Bonuses	Yes
Customer Support	24/7 – multilingual

 

Pepperstone

 

 

Overview

Pepperstone was established in 2010 and it is a well-established and reputable online broker which provides various traders with cutting-edge technology along with tight spreads, low latency, and high execution speeds.

Traders are offered competitive trading conditions and a dynamic trading experience that corresponds with a safe and unique trading environment when trading a variety of financial instruments offered through powerful trading platforms.

 

Pros and Cons

✔️ PROS	❌ CONS
Well-regulated	No US Clients
Award-winning customer support	Fixed spreads not offered
Social trading offered
Hedging and scalping allowed

 

Features

Feature	Information
Regulation	ASIC, FCA, DFSA
Minimum deposit from	$200
Average spread from	1 pip
Commissions from	AU$3.5
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	Yes
Customer Support	24/5 – multilingual

 

HotForex

 

 

Overview

As a multi-asset broker which is reputable and well-established, HotForex offers traders some of the best trading conditions when trading a wide variety of financial instruments which are spread across numerous asset classes in global markets.

HotForex is the brand name of HF Markets (Europe) Ltd., and thus, HotForex places a lot of focus on ensuring that client funds are secured in the best means possible and that traders are assured of safe trading environment.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly and well-regulated	US Clients not allowed
Strong international presence
Competitive trading conditions offered
A great variety of account types offered

 

Features

Feature	Information
Regulation	CySEC, FCA, DFSA, FSCA
Minimum deposit from	$5
Average spread from	0.0 pips
Commissions from	$3
Deposit/Withdrawal Fees	None
Maximum Leverage	1:1000
Bonuses	Yes
Customer Support	24/5 – multilingual

 

FXCM

 

 

Overview

FXCM has been in operation since 1999 and offers traders from around the world with comprehensive trading solutions that cater to both beginners and professionals despite their trading needs or objectives.

FXCM offers a range of powerful and flexible trading platforms through which a variety of financial instruments in Forex and CFD asset classes can be traded in addition to offering spread betting, which is not frequently offered by brokers of the same sort.

 

Pros and Cons

✔️ PROS	❌ CONS
Well-regulated by reputable regulatory entities	US Clients not allowed
Client funds kept in segregated accounts	EU clients restricted to 1:30 leverage
Commission-free trading offered	Fixed spread accounts not offered
MetaTrader 4 NextGen offered
Access to AutoChartist and PsyQuation premium

 

Features

Feature	Information
Regulation	FCA, ASIC, FSCA
Minimum deposit from	$360/£300
Average spread from	0.2 pips on EUR/USD
Commissions from	$0.10 on CFDs
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	None
Customer Support	24/5 – multilingual

 

FXDD

 

 

Overview

FXDD is a well-regulated and reputable online trading broker which offers both dynamic and competitive trading conditions to various traders from around the world which allows them to trade a variety of financial instruments in global markets.

FXDD has over 400,000 registered traders that form its client base along with around 350 million orders which are processed daily.

 

Pros and Cons

✔️ PROS	❌ CONS
Well-regulated	No US Clients
Negative balance protection provided	Fixed spreads not offered
Commission-free account offered

 

Features

Feature	Information
Regulation	MFSA, FSC
Minimum deposit from	$10
Average spread from	0.0 pips
Commissions from	$0.02 on Forex
Deposit/Withdrawal Fees	None
Maximum Leverage	1:100
Bonuses	None
Customer Support	24/5 – multilingual

 

IG

 

 

Overview

IG is an online trading broker that has a longstanding history of providing traders with some of the best trading conditions and trading solutions as well as services since 1974. IG has a global presence along with authorization and regulation through multiple entities.

Traders are offered a safe trading environment along with a dynamic portfolio of tradable financial instruments which are spread across numerous asset classes. IG offers both beginners and professionals solutions that are catered to their needs and objectives.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated by multiple regulatory entities	High minimum deposit
Powerful trading platforms offered
Variety of financial instruments
Variety of accounts offered
Competitive trading conditions

 

Features

Feature	Information
Regulation	FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.
Minimum deposit from	$250
Average spread from	0.1 pips on Indices
Commissions from	0.10% CFD EU
Deposit/Withdrawal Fees	None
Maximum Leverage	1:200
Bonuses	None
Customer Support	24/5 – multilingual

 

XTB

 

 

Overview

XTB was established in 2004 and as a multi-regulated broker with regulation and authorization through reputable regulatory entities such as ACPR, BaFin, FCA, and more, XTB offers traders with the best services and trading solutions in the industry.

XTB provides competitive trading conditions along with the facilitation of trades in multiple tradable financial instruments which can be traded through a reliable and award-winning platform.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
Competitive trading conditions offered	EU clients restricted to leverage of 1:30
Negative balance protection provided	Fixed spreads not offered
Variety of financial instruments
Standalone Islamic account provided

 

Features

Feature	Information
Regulation	ACPR, BaFin, CNMV, FCA, IFSC, KNF
Minimum deposit from	$250
Average spread from	0.1 pips
Commissions from	$3.50 on Forex
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	Yes – subjected to the jurisdiction
Customer Support	24/5 – multilingual

 

AvaTrade

 

 

Overview

AvaTrade is a well-regulated, popular, and well-established online trading broker which holds multiple regulations and authorization through numerous reputable entities such as ASIC, BVI, FSCA, and more.

Traders have access to 250 financial instruments which can be traded either on a retail or professional account, and Muslim traders have the option of converting their account to that of an Islamic Account.

The trading conditions are competitive, and traders are provided with transparent fee schedules, tight spreads, and commission-free trading.

 

Pros and Cons

✔️ PROS	❌ CONS
Well-regulated	US Clients not allowed
Award-winning broker	Variable spreads not offered
Fast trade execution	Only one account type for either retail or professionals
Competitive trading conditions
Social trading offered

 

Features

Feature	Information
Regulation	ASIC, BVI, CBI, FFAJ, FSA, FSCA
Minimum deposit from	$100
Average spread from	0.9 pips
Commissions from	$0
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	Yes
Customer Support	24/5 – multilingual

 

IC Markets

 

 

Overview

IC Markets is an Australian-based online trading broker which was established in 2007 and offers traders with over 230 financial instruments which can be traded through powerful and popular trading platforms.

Traders are provided with competitive trading conditions which consist of low spreads, fast trade execution, low commissions, and numerous more. These trading conditions cater to a variety of traders despite their needs, objectives, or level of trading experience.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated	US Clients not allowed
Low trading and non-trading fees	Fixed spreads not offered
Tight and competitive spreads
Hedging and scalping allowed
Social trading supported

 

Features

Feature	Information
Regulation	ASIC
Minimum deposit from	$200
Average spread from	0.0 pips
Commissions from	$3
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5 – multilingual

 

Tickmill

 

 

Overview

Established in 2015, Tickmill is a well-established, reputable, and well-regulated broker which offers both retail and institutional clients access to trade in a variety of financial instruments in global markets.

Tickmill is an award-winning broker which facilitates the trade of over 80 financial instruments and makes adequate provision for powerful trading platforms through which trades can be executed along with providing competitive trading conditions to traders.

 

Pros and Cons

✔️ PROS	❌ CONS
Strictly regulated by multiple regulatory entities	US Clients not allowed
Commission-free trading offered	Fixed spreads not offered
Variety of trading tools offered	Cryptocurrency trading not supported
Variety of financial instruments
Powerful trading platforms supported

 

Features

Feature	Information
Regulation	FCA, CySEC, FSA
Minimum deposit from	$100
Average spread from	0.0 pips
Commissions from	From $1
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	Yes
Customer Support	24/5 – multilingual

 

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