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5 Best NDD Forex Brokers

Best NDD Forex Brokers

 

The 5 Best NDD Forex Brokers – Rated and Reviewed. We have listed the Best No Dealing Desk Forex Brokers.

 

In this in-depth guide you will learn:

 

  • The Best No-Dealing Forex Brokers – a List
  • NDD Forex Brokers with a Low Minimum Deposit
  • NDD Broker Meaning – What is an NDD Broker
  • The Best No-Dealing Forex Brokers – Reviews

 

and much, MUCH more!

 

🔎 Broker🚀Open an Account⭐ NDD Broker💴 Min. Deposit
🥇 XTB👉 Click Here✅YesNone
🥈 FXTM👉 Click Here✅Yes10 USD
🥉 FP Markets👉 Click Here✅Yes100 USD
🎖️ XM👉 Click Here✅Yes5 USD
🏅 IC Markets👉 Click Here✅Yes200 USD

 

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.6/5

FSC, CMA

MT4, MT5, FXTM Trader

USD 200

2000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

FCA, SCB

MT4, MT5

USD 100

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 200

2000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 100

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

10

USD 100

500:1

5 Best NDD Forex Brokers (2025)

 

  1. ☑️ XTB – Overall, the Best NDD Forex Broker
  2. ☑️ FXTM – High Floating Leverage and Fast Execution
  3. ☑️ FP Markets – Best Overall Offering
  4. ☑️ XM – Low Minimum Deposit
  5. ☑️ IC Markets – Best Low Spread NDD Broker

 

XTB Review

 

1. XTB

XTB is a leading No-Dealing Desk Forex and CFD services provider, offering a wide range of trading instruments and advanced technology solutions to help traders navigate global financial markets efficiently and confidently.

 

🔎 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly Traded Warsaw Stock Exchange
(WSE)
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average
Deposit/Withdrawal
Processing Time
1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base
Currencies Supported
30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution TimeMilliseconds -
Seconds
🖥️ VPS HostingSelect accounts
📈 CFDs Total
Offered
Over 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Negative balance protectionLimited managed account options
Islamic (swap-free) accounts availableSupport response times may vary
Strong educational resourcesVPS hosting for specific accounts only
Demo account availableComplex fee structure
Good customer supportMargin requirements can be high
No withdrawal feesMay have complex fee structure

 

Frequently Asked Questions

 

What is XTB?

XTB is a global online trading broker specializing in Forex, CFDs, and other financial instruments.

 

Is XTB regulated?

XTB is regulated by multiple authorities including the FCA (UK), KNF (Poland), and others.

 

Does XTB offer negative balance protection?

XTB provides negative balance protection to ensure clients do not lose more than their account balance.

 

Can I use XTB’s services if I am based in the US?

XTB does not currently offer services to clients based in the United States.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, IFSC, KNF

Trading Platform

MT4, xStation

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

XTB is a well-regulated broker known for its extensive range of trading instruments and advanced platforms like xStation 5. It offers a low minimum deposit, high leverage, and Islamic accounts, making it accessible to various traders.

 

FXTM Review

 

2. FXTM

FXTM is a No-Dealing Desk Broker with a solid reputation, offering competitive spreads, high leverage, a wide range of trading instruments, and advanced trading platforms to cater to retail and institutional traders.

 

🔎 Broker🥇 FXTM
📌 Year Founded2011
👥 Amount of Active TradersOver 2 million
📍 Publicly TradedNone
🧾 RegulationFSC
🌎 Country of RegulationMauritius
🔃 Account Segregation✅Yes
🚩 Negative Balance Protection✅Yes
⚙️ Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
💰 Minor Account CurrenciesMajor and Minor
💴 Minimum Deposit200 USD
⚡Deposit/Withdrawal Processing TimeTypically 1-3
business days
💶 Fund Withdrawal FeeVaries by method
📈 Spreads FromFrom 0.1 pips
📉 CommissionsVariable
📊 Number of Base CurrenciesOver 50
💹 Swap Fees✅Yes
💱 LeverageUp to 1:2000
⭐ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⏰ Order Execution TimeMilliseconds to
seconds
🖥️ VPS HostingAvailable for certain
account types and
clients
📈 CFDs - Total OfferedWide Range
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets
💹 Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), FXTM Trader
🖥️ OS CompatibilityWindows,
macOS,
iOS,
Android
💻 Trading ToolsCharting tools,
technical indicators,
etc.
🥰 Live Chat✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
😎 Languages SupportedMultiple
✏️ Forex Course✅Yes
📔 WebinarsRegularly Hosted
📚 Educational ResourcesArticles,
tutorials etc.
📒 Affiliate Program✅Yes
📑 Amount of PartnersNumerous global
partners
🗃️ IB Program✅Yes
🗄️ Do They Sponsor Any Notable Events or Teams✅Yes
📇 Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Well-regulatedNot publicly traded
High leverageLimited investor protection in some regions
Wide range of instrumentsHigher spreads on some account types
Advanced trading platformsLimited managed account options
Strong customer supportVPS hosting only for specific accounts
Educational resources availableSwap fees applicable
Islamic accounts availableMargin requirements can be high
Demo account availableComplexity in fee structure

 

Frequently Asked Questions

 

What is FXTM?

FXTM (ForexTime) is a global online trading broker offering Forex, CFDs, and other financial instruments.

 

What types of accounts does FXTM offer?

Live Trading accounts include Advantage and Advantage Plus.

 

What are the spreads like at FXTM?

Spreads start from 0.1 pips but may vary by account type and market conditions.

 

What educational resources does FXTM provide?

FXTM offers a variety of educational resources including courses, webinars, and trading guides.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FXTM is a highly regulated broker known for its extensive range of trading instruments and high-leverage options. The broker offers strong customer support, valuable educational resources, and the flexibility of Islamic accounts. FXTM provides a robust and user-friendly trading experience.

 

FPMarkets

 

3. FP Markets

FP Markets is a highly regulated and trusted broker, offering competitive trading conditions, a wide range of financial instruments, and advanced trading platforms to meet the needs of both retail and professional traders.

 

🔎 Broker🥇 FP Markets
📌 Year Founded2005
👥 Amount of Active TradersOver 1 million
📍 Publicly TradedNone
⭐ RegulationASIC, CySEC
🌎 Country of RegulationAustralia, Cyprus
🔃 Account Segregation✅Yes
🚩 Negative Balance Protection✅Yes
🚨 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsAvailable
💴 Minor Account CurrenciesMajor and Minor
💶 Minimum Deposit100 AUD
⚡ Average Deposit/Withdrawal Processing TimeTypically 1-2 business days
💵 Fund Withdrawal FeeVaries by method
⚙️ Spreads FromFrom 0.0 pips
💷 CommissionsVariable
🔢 Number of Base Currencies SupportedOver 40
↪️ Swap Fees✅Yes
💱 LeverageUp to 1:500
🔖 Margin RequirementsVaries by instrument and leverage
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
⏰ Order Execution TimeTypically milliseconds to seconds
🖥️ VPS HostingAvailable for certain account types and clients
🖱️ CFDs - Total OfferedExtensive Range
📈 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📉 CFD Shares✅Yes
💴 Deposit OptionsBank transfer, credit/debit, e-wallets
💶 Withdrawal OptionsBank transfer, credit/debit, e-wallets
💻 Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
📌 OS CompatibilityWindows, macOS, iOS, Android
📍 Forex Trading ToolsAdvanced charting tools, etc,
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter, Facebook, LinkedIn, Instagram
😎 Languages SupportedMultiple Languages
✏️ Forex Course✅Yes
📔 WebinarsRegularly hosted
📚 Educational ResourcesArticles, tutorials, trading guides
📒 Affiliate Program✅Yes
🤝 Amount of PartnersNumerous global partners
🫶 IB Program✅Yes
🫰🏻 Do They Sponsor Any Notable Events or Teams✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Well-regulatedNot publicly traded
High leverageLimited managed account options
Low minimum depositFees for some withdrawal methods
Advanced platformsComplexity in fee structure
Wide range of instrumentsVPS hosting only for certain accounts
Competitive spreads from 0.0 pipsSwap fees applicable
Negative balance protectionCustomer support response times may vary

 

Frequently Asked Questions

 

What is FP Markets?

FP Markets is an Australian-based online broker offering Forex, CFDs, and other financial instruments.

 

What is the minimum deposit required to open an account?

The minimum deposit is generally AUD 100 for standard accounts.

 

What are the spreads like at FP Markets?

Spreads start from 0.0 pips, depending on the account type and market conditions.

 

What educational resources does FP Markets provide?

FP Markets offers various educational resources including webinars, articles, and tutorials.

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FP Markets is a highly regulated broker offering high leverage, low minimum deposits, and a wide range of trading instruments. FP Markets provides excellent trading conditions with advanced platforms and competitive spreads starting from 0.0 pips.

 

XM Review

 

4. XM

XM is a highly regulated and trusted broker, offering a wide range of financial instruments, competitive spreads, and advanced trading platforms, focusing on providing exceptional customer service and educational resources.

 

🔎 Broker🥇 XM
📌 Year Founded2009
📍 Amount of Active TradersOver 5 million
⚙️ Publicly TradedNone
🚩 RegulationCySEC, ASIC, Belize FSC
🌎 Country of RegulationAustralia, Cyprus, Belize
🔃 Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
📈 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsAvailable
📉 Minor Account CurrenciesMajor and Minor
📊 Minimum Deposit5 USD
⚡ Average Deposit/Withdrawal Processing TimeTypically 1-3 business days
💹 Fund Withdrawal FeeNone
💱 Spreads FromFrom 0.0 pips
💴 CommissionsVariable
💶 Number of Base Currencies SupportedOver 100
💵 Swap Fees✅Yes
📒 LeverageUp to 1:888
📑 Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖥️ Order Execution TimeMilliseconds to seconds
💻 VPS Hosting✅Yes
📈 CFDs - Total OfferedExtensive Range
📉 CFD Stock Indices✅Yes
📊 CFD Commodities✅Yes
💹 CFD Shares✅Yes
💷 Deposit OptionsBank transfer, credit/debit, e-wallets
💵 Withdrawal OptionsBank transfer, credit/debit, e-wallets
🖥️ Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5)
💻 OS CompatibilityWindows, macOS, iOS, Android
🖱️ Forex Trading ToolsCharting tools, technical indicators, etc.
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries
💙 Social Media PlatformsTwitter, Facebook, LinkedIn, Instagram
😎 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational Resources✅Yes
📒 Affiliate Program✅Yes
📑 Amount of PartnersNumerous global partners
🗃️ IB Program✅Yes
🗄️ Do They Sponsor Any Notable Events or Teams✅Yes
📇 Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros❌ Cons
Highly regulatedNot publicly traded
High leverageHigher spreads on some account types
Low minimum deposit Fees may apply for certain withdrawal methods
Wide range of instrumentsSwap fees applicable
Competitive spreads from 0.0 pipsLimited managed account options
Negative balance protectionVPS hosting only for specific accounts

 

Frequently Asked Questions

 

What is XM?

XM is a global online trading broker offering Forex, CFDs, and various other financial instruments.

 

Is XM regulated?

XM is regulated by authorities including ASIC (Australia) and CySEC (Cyprus).

 

What types of accounts does XM offer?

XM offers Standard, Micro, and XM Ultra Low accounts, as well as Islamic (swap-free) accounts.

 

What is the minimum deposit required to open an account with XM?

The minimum deposit starts from 5 USD.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Our Verdict

XM is a highly regulated broker offering high leverage, competitive spreads from 0.0 pips, and a low minimum deposit requirement. With a wide range of instruments, strong educational resources, and advanced platforms like MT4 and MT5, XM provides excellent trading conditions and robust support for traders.

 

IC Markets Review

 

5. IC Markets

IC Markets is a leading Forex and CFD broker known for its low spreads, high leverage, and advanced trading platforms, catering to both retail and institutional traders with a strong focus on transparency and execution speed.

 

🔎 Broker🥇 IC Markets
📌 Year Founded2007
👤 Amount of Active TradersOver 1 million
📍 Publicly TradedNone
🛡️ RegulationFSA (Seychelles)
🌎 Country of RegulationSeychelles
🔃 Account Segregation✅Yes
🚨 Negative Balance Protection✅Yes
🧾 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💴 Minor Account CurrenciesMajor and Minor
💶 Minimum Deposit200 USD
⚡ Average Deposit/Withdrawal Processing TimeTypically 1-2
business days
💵 Fund Withdrawal FeeGenerally no fee
🔖 Spreads FromFrom 0.0 pips
💷 CommissionsVariable
🪙 Number of Base Currencies Supported10+
💳 Swap Fees✅Yes
🏷️ LeverageUp to 1:500
🖇️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖥️ Order Execution TimeMilliseconds
💻 VPS Hosting✅Yes
📈 CFDs Total OfferedExtensive Range
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD SharesMajor global stocks
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets
🖥️ Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5),
cTrader
💻 OS CompatibilityWindows,
macOS,
iOS,
Android
🖱️ Forex Trading ToolsAdvanced charting
tools, etc.
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
😎 Languages SupportedMultiple Languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational Resources✅Yes
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global
partners
🫰🏻 IB Program✅Yes
↪️ Do They Sponsor Any Notable Events or Teams✅Yes
⭐ Rebate Program✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 200

Regulators

FSA

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

 

✅ Pros ❌ Cons
Highly regulatedNot publicly traded
Low spreads starting from 0.0 pipsLimited managed account options
High leverage up to 1:500Fees for some withdrawal methods
Advanced platformsSwap fees applicable
No negative balance protectionVPS hosting available only for certain accounts
Strong customer supportHigher minimum deposit for some accounts

 

Frequently Asked Questions

 

What types of accounts does IC Markets offer?

IC Markets offers Standard, Raw Spread, and Islamic accounts.

 

What is the minimum deposit required to open an account with IC Markets?

The minimum deposit generally starts from $200.

 

What trading platforms are available with IC Markets?

IC Markets provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

 

Does IC Markets offer a demo account?

IC Markets offers a demo account for practice trading.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSA

Trading Platform

MT4, MT5, cTrader

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

IC Markets offers low spreads, high leverage, and advanced platforms with a low minimum deposit. Its strong regulation and excellent customer support make it a solid choice for traders.

 

No Dealing Desk (NDD) Forex Broker

 

What is an NDD Forex Broker?

A No Dealing Desk (NDD) Forex Broker is a type of Forex broker that provides direct access to the interbank market, where currency transactions occur between banks and large institutions. Unlike Dealing Desk brokers, NDD brokers do not take the opposite side of their client’s trades, meaning they don’t create a conflict of interest by acting as a counterparty.

Instead, they pass on their clients’ orders to liquidity providers, which could include banks, hedge funds, or other financial institutions.

 

What is an NDD Forex Broker?

 

In Conclusion

Choosing to trade with a No-Dealing Desk (NDD) broker depends on your trading preferences and priorities. NDD brokers execute trades directly in the interbank market or through liquidity providers, offering greater transparency and better pricing.

 

You might also like:

 

 

Frequently Asked Questions

 

What does NDD stand for and what does it entail?

NDD, or No Dealing Desk means that traders have direct access to intermarket rates.

 

What is the advantage of trading with an NDD Broker?

Since NDD brokers don’t act as the counterparty to your trades, there’s less risk of conflict of interest and potential manipulation of prices.

 

What is the disadvantage of trading with an NDD Broker?

While spreads may be lower, some NDD brokers charge commissions or fees per trade, which can increase overall trading costs.

 

What should I consider when choosing an NDD Broker?

Compare the overall cost of trading, including spreads and commissions, to ensure it aligns with your trading strategy and budget.

 

What trading instruments are available at XTB?

XTB offers various instruments including Forex, CFDs on indices, commodities, shares, and more.

 

Can I use FXTM’s services if I am based in the US?

No, FXTM does not currently offer services to clients based in the United States.

 

Is there an affiliate or IB program at FP Markets?

FP Markets has an affiliate program and an Introducing Broker (IB) program.

 

What educational resources does XM provide?

XM offers educational resources including webinars, trading courses, and guides.

 

How can I contact IC Markets’ customer support?

Customer support is available via live chat, email, and phone.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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