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.
Capital Index
Investor protection180+ Tradable InstrumentsMin deposit $100Max leverage 1:200Regulated by FCA, SCBAdd to compare list3.9 / 5Start tradingPros, cons & fees
Top tier regulators like CySEC, FSCS, and FCA
Variety of trading accounts with different spreads and leverage options
Diverse range of assets.
Only available to the UK residents.
Inactivity fees apply to dormant accounts
Higher spreads on standard accounts
Interactive BrokersBonusRefer a Friend Program by Interactive Brokers
Best For Day TradersRegulated by FCA, CFTC, NFA +1Add to compare list3.9 / 5Start tradingPros, cons & fees
Unparalleled Market Access
Competitive Pricing
Advanced Trading Tools
Steep Learning Curve
Customer Service Could Be Better
RoboMarketsBonusUp to 10% cashbackFree VPSMin deposit $100Max leverage 1:2000Regulated by CySECAdd to compare list3.9 / 5Start tradingPros, cons & fees
Demo account available on all trading platforms
Provides 24/7 multilingual customer support, including live chat
Offers automated dividend payments
Demands a high minimum deposit
Provides services limited to the EU
No spread betting
DEGIRO Investor protectionLow FeesMin deposit €0.1Max leverage 1:30Regulated by BaFIN, AFM, DNB +2Add to compare list3.9 / 5Start tradingPros, cons & fees
Low fees
Wide range of assets
User-friendly platform
DEGIRO does not accept U.S. clients
Limited trading tools
No credit/debit card deposit
Pros, cons & fees
Strong regulatory compliance
Competitive trading conditions
Robust educational resources
Limited offerings for cryptocurrency
Higher-than-average minimum deposits on some accounts
Lack of MetaTrader 5 platform
Pros, cons & fees
Wide selection of market instruments, including agriculture, energies, metals, stocks, indices, ETFs, currencies, and cryptocurrencies
Well-regulated by reputable authorities, ensuring transparency and adherence to industry standards
Segregation of clients' funds in top-tier banks, enhancing the safety and security of client funds. In addition, Ingot offers negative balance protection, safeguarding traders from potential losses exceeding their account balance.
Not available in certain countries such as the United States of America due to restricted jurisdictions, limiting access for traders in specific regions.
The demo account expires in two weeks, which may be insufficient for traders to thoroughly test the platform and strategies.
International trading is done through an offshore entity, which might raise concerns about regulatory differences and protections.
Pros, cons & fees
Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.
The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.
Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.
Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.
Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.
While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.
FXPRIMUSBonusWelcome Gift (Cash Reward) by FXPrimusBest For MT4 BrokerRegulated by CySEC, VFSCAdd to compare list3.8 / 5Start tradingPros, cons & fees
A wide range of trading assets: FXPRIMUS provides 120 trading assets, including currency pairings, precious metals, petroleum products, indices, CFDs, and cryptocurrencies.
Strong security network: FXPrimus employs specialized software and advanced encryption technologies with 128-bit keys.
High Insurance Coverage: FXPrimus covers each client's fund for up to 5 million euros. Hence, clients can rest assured that their money is safe.
Limited Availability: FXPRIMUS broker's client support service is only available 24 hours a day, five days a week, limiting its customer support services to only weekdays.
Selective Compensation Claims: FXPRIMUS does not recognize any moral compensation claims. Hence, traders will not be compensated for any such claims.
System Malfunction: Although this rarely happens, there are technical hitches that may necessitate a full platform restart.
AMP Global Investor protectionUp To €20,000 Investor ProtectionMin deposit $100Max leverage 1:500Regulated by CySECAdd to compare list3.8 / 5Start tradingPros, cons & fees
AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.
Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.
AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.
The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.
Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.
AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.
Octa FXBonusDeposit Bonus for Referred Users by OctaFx1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by CySEC, FSCA, MISAAdd to compare list3.8 / 5Start tradingPros, cons & fees
Competitive Spreads and No Commissions
High Leverage Options
Fast Withdrawal Processing
Limited Range of Tradable Instruments
Not Regulated in Top-Tier Jurisdictions
Limited Educational Resources
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.