Skip to content
Country Flag US
Select Country
Country selection We will display only brokers and information that is relevant to your country.
Currently selected country
Select a different country
Language See the content translated in your language.
Save country & language and close
Home » Forex Brokers » By Account Type » No Dealing Desk

Best No Dealing Desk Forex Brokers

No Dealing Desk (NDD) forex brokers give traders direct access to the market without passing orders through a dealing desk. This means no price manipulation, faster execution, and more transparent trading conditions. NDD brokers are often preferred by experienced traders who want tighter spreads and more control over their trades. Check out our list of best No Dealing Desk brokers here.

Country
Any
Rating
Any
Bonuses
Any
Regulated
Any
Investor Protection
Any
All filters
Clear
Order by
Forex.com (US)
trusted
Available in
Country Flag
1
Forex.com (US)
0 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons

  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:50
Start trading
75% of retail investor accounts lose money when trading CFDs with this provider.
Add to compare list
DuraMarkets
trusted
Available in
Country Flag
2
DuraMarkets
0 customer reviews
Rating
4.5
/ 5
Expand
  • 24/5 Customer Support
Pros

  • Low Barrier to Entry: Traders can start trading with a very low minimum deposit of $10, making the broker accessible to many new traders. 

  • MetaTrader 4 & 5 Trading Platforms: DuraMarkets offers access to both MetaTrader 4 & 5 trading platforms. 

  • Swap-Free Islamic Account Option: The company offers a dedicated swap-free trading account for traders who want to avoid overnight swap fees. 

Cons

  •  

  • Lack of Tier 1 Regulators: DuraMarkets lacks the oversight of a Tier-1 regulator like ASIC, CySEC, NFA, or FCA. 

  • Crypto-Only Payments: The broker exclusively accepts cryptocurrency for deposits and withdrawals, which may be inconvenient for traders who prefer traditional payment methods.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:500
Start trading
Add to compare list
OANDA
trusted
Available in
Country Flag
3
OANDA
13 customer reviews
Rating
4.5
/ 5
Expand
  • Exceptional Execution
  • US Clients
  • Scalping
Pros

  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons

  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Start trading
Add to compare list
FXCM
Available in
Country Flag
4
FXCM
0 customer reviews
Rating
4.3
/ 5
Expand
Pros

  • Regulated by Top-Tier Authorities

  • User-Friendly Proprietary Platform

  • Competitive Spreads for Active Traders

Cons

  • Limited Product Portfolio

  • High Bank Withdrawal Fees

  • No Two-Step Authentication on Trading Platforms

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
Add to compare list
CMC Markets
trusted
Available in
Country Flag
5
CMC Markets
0 customer reviews
Rating
4.3
/ 5
Expand
  • Long-Term Tradable Assets
  • Extensive Range of CFDs
Pros

  • Extensive Range of Tradable Assets: CMC Markets offers access to more than 12,000 financial instruments, including forex pairs, stocks, commodities, indices, cryptocurrencies, and ETFs.

  • Advanced Trading Platforms: Traders can access markets through the Next Generation web platform, mobile trading apps, and support for MetaTrader 4 & 5 and TradingView. 

  • Strong Regulatory Oversight: CMC Markets is highly regulated globally by several top-tier financial authorities like the Monetary Authority of Singapore (MAS) and UK’s FCA.

Cons

  • 24/5 Customer Support: CMC Markets offers 24/5 customer support instead of 24/7 support.

  • Leverage Restrictions in Some Regions: Due to regulations, allowed leverage is lower in certain jurisdictions such as the United Kingdom and Europe.

  • MetaTrader 5 is Not Available in All Regions: MetaTrader 5 is not available in all regions. The availability of the platform should be checked prior signing up.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:30
Start trading
Add to compare list
Capitalcore
Available in
Country Flag
6
Capitalcore
8 customer reviews
Rating
4.1
/ 5
Expand
  • Free VPS hosting
  • 24/7 Customer Service
  • Very High Leverage
Pros

  • Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts. 

  • Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers. 

  • Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.

Cons

  • Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.

  • No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.

  • Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
Add to compare list
Ventorus
Available in
Country Flag
7
Ventorus
9 customer reviews
Rating
4.1
/ 5
Expand
  • Proprietary Trading Platform
  • Advanced Analytical Tools
Pros

  • Ventorus offers multiple account types, allowing traders to choose an account that fits their specific needs and experience levels.

  • With a maximum leverage of up to 1:400, traders can control larger positions with smaller amounts of capital, which can significantly amplify potential profits.

  • The broker provides low spreads, starting at an impressively low 0.03 pips, ensuring cost-effective trading conditions.

Cons

  • Ventorus is that it is not regulated by a tier-one financial regulator.

  • Additionally, the platform lacks educational materials, which can be a significant drawback for beginners who need guidance.

  • Ventorus does not support MetaTrader 4 and MetaTrader 5 platforms, which are popular among traders for their advanced features.

  • Withdrawal fee3.5% or 30 USD
  • Deposit feeNo
  • Max Leverage1:400
Start to trade
Add to compare list
UnitedPips
Available in
Country Flag
8
UnitedPips
9 customer reviews
Rating
4.1
/ 5
Expand
  • Specialized trading accounts
  • PayPay for deposit
Pros

  • High leverage options (up to 1:1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
Add to compare list
Mirrox Broker
Available in
Country Flag
9
Mirrox Broker
12 customer reviews
Rating
4.1
/ 5
Expand
  • Specialized trading accounts
  • Affiliate Program
Pros

  • One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.

  • Mirrox provides a maximum leverage of up to 1:400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.

  • The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.

Cons

  • Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.

  • The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders’ strategies.

  • Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.

  • Withdrawal fee3.5%
  • Deposit fee$0
  • Max Leverage1:400
Start trading
Add to compare list
CIFMarkets
Available in
Country Flag
10
CIFMarkets
0 customer reviews
Rating
4.1
/ 5
Expand
  • FSCA Regulated Broker
Pros

  • FSCA Regulated Broker: The company is licensed and regulated by FSCA South Africa, which is a reputable tier-2 regulator.

  • Tradable Assets Available Across 6 Classes: The broker offers tradable assets across forex, metals, commodities, stocks, crypto, and indices. 

  • Multichannel and Multilingual Support Available on All Trading Days: Customer service is available from Monday to Friday via call, live chat, and email. Support is available in 7 languages. 

Cons

  • No Meta Trader 4/5 Available: CIFMarkets does not offer MetaTrader 4 or 5 trading platforms. 

  • No Swap-Free Islamic Accounts: The broker lacks a swap-free trading account option at the time of writing this review. 

  • Slightly Initial Deposit: The initial deposit required to start trading with CIFMarkets is $250, which is slightly higher than usual.

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:200
Start trading
Add to compare list
Our ranking methodology and selection process

What Is a No Dealing Desk (NDD) Forex Broker?

A No Dealing Desk (NDD) forex broker gives you direct access to the interbank market without any interference from a dealing desk. They route your orders via STP (Straight Through Processing) or ECN (Electronic Communication Network). The main benefit here is faster execution speeds, more transparent pricing, and fewer potential issues compared to brokers who use a dealing desk.

How Do NDD Brokers Make Money?

NDD brokers usually make their money through spreads and commissions on trades. In some cases, they may also charge for additional services like managed accounts, VPS hosting, or analysis tools through subscription fees. Knowing how they make money will give you a better idea of how much trading with them will cost you overall.

Are NDD Brokers Always Better Than Market Makers?

NDD brokers aren’t always the better option for everyone. While they offer faster execution and tighter spreads, market makers can offer more pricing stability, especially during high volatility. The best choice for you depends on your trading style, risk tolerance, and goals. NDD brokers are ideal for those who want transparency and speed, but if stability in pricing is more important to you, market makers might be the way to go.

What Should I Look for When Choosing an NDD Forex Broker?

When looking for an NDD forex broker, it’s crucial to assess a few things. Make sure you check the trading platforms they offer, what kind of accounts are available, and the instruments you can trade. Don’t forget to consider execution speeds, fees, customer support, and the broker’s regulatory standing. You’ll also want to pay attention to details like slippage rates, the transparency of execution, and which liquidity providers they’re working with.

Can I Use Expert Advisors (EAs) with NDD Brokers?

Most NDD brokers do allow the use of Expert Advisors (EAs) and other automated trading systems. However, some brokers do have limitations, such as restrictions on trading frequency or algorithm types. Always double-check their policies to make sure your trading strategy won’t be affected.

Final Thoughts

NDD brokers can be a great choice for traders who want fast execution, transparency, and direct market access. But there’s no one-size-fits-all solution. While NDD brokers excel in these areas, market makers have their own advantages, especially when it comes to maintaining price stability in volatile markets.