The 6 Best NDD Forex Brokers

The 6 Best NDD Forex Brokers – Rated and Reviewed. We have listed the No Dealing Desk Forex Brokers.

In this in-depth guide, you’ll learn:

• The Best NDD Forex Brokers – a List
• NDD Forex Brokers – Meaning
• The Best No-Dealing-Desk Brokers for Beginners
• Best NDD Forex Brokers with MT4 and MT5
• The Difference between DD and NDD Forex Brokers

And much, MUCH more!

The 6 Best NDD Forex Brokers (2024)

1. ☑️ XM – Overall, the Best NDD Forex Broker
2. ☑️ Alpari – Best Regulated Broker for Secure Trading
3. ☑️ FXTM – Best NDD Forex Broker for Beginners
4. ☑️ FP Markets – Best MT4/MT5 NDD Forex Broker
5. ☑️ XTB – Best NDD Broker with Low Minimum Deposit
6. ☑️ IC Markets – Best Low Spread NDD Broker

XM

XM, founded in 2009, has established itself as one of the most trusted and well-regulated forex brokers worldwide. It serves over 5 million active traders and employs more than 450 professionals. The Financial Services Commission (FSC) regulates XM, which enforces strong security protocols like account segregation, negative balance protection, and investor protection schemes.

With low minimum deposits ($5), zero commissions on most account types, tight spreads from 0.6 pips, and leverage up to 1:888, XM caters to beginner and experienced traders alike. The broker supports MetaTrader 4 and 5, offers free VPS hosting, and provides access to 1,000+ CFDs, including forex, commodities, shares, and indices.

Traders also benefit from fast order execution (0.01 sec), 24/5 live support, comprehensive educational resources, and a wide range of deposit/withdrawal options with no hidden fees.

Pros and Cons

Frequently Asked Questions

Is XM a safe broker to trade with?

Yes. XM is regulated by the FSC and offers strong safeguards like negative balance protection, investor compensation schemes, and segregated accounts to protect client funds.

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

You can open a trading account with as little as $5, making it highly accessible for beginners.

Does XM charge withdrawal or deposit fees?

No. XM does not charge fees for deposits or withdrawals and typically processes transactions within 24 hours.

What trading platforms does XM offer?

XM supports both MetaTrader 4 and MetaTrader 5, compatible with Windows, macOS, Android, and iOS.

★★★★★

Minimum Deposit: $5 Regulated by: FSC Crypto: Yes

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Our Insights

XM strikes an ideal balance between accessibility, advanced tools, and strong safety measures. With a global presence, educational support, and competitive trading conditions, it’s a top choice for both beginners and experienced forex traders looking for a reliable platform.

Alpari

Founded in 1998, Alpari is one of the longest-standing names in the forex industry, serving traders worldwide with a wide range of account types and flexible trading conditions. Regulated by MISA in the Island of Mohéli, Alpari is suited to professionals, active traders, and beginners alike.

With spreads starting from 0.1 pips, leverage up to 1:1000, and access to MetaTrader 4 & 5, it offers both low-cost trading and fast execution (as low as 0.1 seconds). The broker supports a variety of account types—Standard, ECN, and Pro ECN—plus institutional and managed accounts for more advanced needs.

Deposits are processed instantly, withdrawals in 1–3 business days, and there are no fund withdrawal fees. Traders benefit from account segregation, negative balance protection, and investor protection schemes. Although the educational content is limited, the availability of VPS hosting, forex tools, and a rebate program helps make up for it.

Pros and Cons

Frequently Asked Questions

Is Alpari safe to trade with?

Yes. Alpari is regulated by MISA and offers key client protections like segregated accounts, negative balance protection, and investor schemes.

What is the minimum deposit at Alpari?

The minimum deposit starts at $100, depending on the account type selected.

Which platforms does Alpari support?

Alpari offers trading on both MetaTrader 4 and MetaTrader 5, compatible with Windows, Mac, and mobile devices.

Does Alpari charge for deposits or withdrawals?

No withdrawal fees, and deposits are typically processed instantly, depending on the method.

★★★★

Minimum Deposit: $100 Regulated by: MISA Crypto: Yes

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Our Insights

Alpari combines deep market experience with a broad range of account options, competitive trading conditions, and flexible features. It’s a solid broker for traders at all levels, though beginners may need to seek external educational support to get started.

FXTM

Founded in 2011, FXTM (ForexTime) has grown into a globally trusted broker with over 1.5 million traders and a team of 500+ professionals. Regulated by top authorities like the FCA, CMA, and FSC, FXTM offers strong client protection, including segregated accounts, negative balance protection, and investor compensation schemes.

FXTM stands out with its wide range of account types – Advantage, Advantage Plus, and Advantage Stocks – making it suitable for beginners, scalpers, active traders, and professionals alike. With leverage up to 1:3000, spreads from 0.1 pips, and ultra-fast execution, it provides serious firepower for fast-paced trading.

The broker supports MetaTrader 4, MetaTrader 5, and its proprietary FXTM Trader app, along with tools like trading signals, technical analysis, and educational resources. While minimum deposits start at $200, deposits and withdrawals are flexible, using bank transfers, cards, and e-wallets.

Pros and Cons

Frequently Asked Questions

Is FXTM a regulated broker?

Yes. FXTM is regulated by multiple authorities, including the FCA (UK), CMA (Kenya), and FSC (Mauritius), offering high standards of security and compliance.

What is the minimum deposit for FXTM?

The minimum deposit is $200, which may vary slightly depending on the account type and funding method.

Does FXTM offer support for beginners?

Absolutely. FXTM provides rich educational resources, including courses, webinars, video tutorials, and articles, making it beginner-friendly.

Which platforms can I trade on with FXTM?

Traders can use MetaTrader 4, MetaTrader 5, or FXTM’s own mobile trading app, all compatible with Windows, macOS, iOS, and Android.

★★★★

Minimum Deposit: $200 Regulated by: FCA, CMA, FSC Crypto: Yes

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Our Insights

FXTM is a versatile and well-regulated broker that combines powerful trading features with strong educational support. It’s an excellent choice whether you’re a first-time trader, seasoned investor, or high-leverage scalper looking for speed, flexibility, and reliability.

FP Markets

Founded in 2005, FP Markets is a multi-regulated broker known for its deep liquidity, wide platform offering, and tight spreads starting from 0.0 pips. With regulation from authorities like ASIC, CySEC, FSCA, and more, it provides high-level security, segregated accounts, and negative balance protection.

Catering to over 10,000 traders, FP Markets offers a choice between Standard, Raw, and VIP accounts, and supports platforms such as MetaTrader 4, MetaTrader 5, IRESS, cTrader, and TradingView. Minimum deposits start from 100 AUD, and the broker offers instant execution, leverage up to 1:500, and 24/7 multilingual support.

FP Markets is ideal for everyone—from beginners to scalpers and institutional traders. With over 1,000+ CFD instruments across forex, stocks, commodities, and indices, it provides powerful flexibility with zero withdrawal fees and responsive support.

Pros and Cons

Frequently Asked Questions

Is FP Markets a safe broker?

Yes, FP Markets is regulated by multiple global authorities including ASIC (Australia), CySEC (Cyprus), and FSCA (South Africa), offering strong safety protocols.

What platforms does FP Markets offer?

Traders can choose from MetaTrader 4, MetaTrader 5, IRESS, TradingView, and cTrader—supporting both advanced analysis and easy mobile access.

What is the minimum deposit?

The minimum deposit is 100 AUD or the equivalent in other supported currencies.

Who is FP Markets best for?

FP Markets suits beginners, scalpers, day traders, and professionals with its flexible accounts, low spreads, and top-tier tools.

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

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Our Insights

FP Markets stands out for its tight spreads, diverse platforms, and strong global regulation, making it a reliable choice for traders of all levels. Whether you’re just starting out or actively trading with advanced strategies, it delivers high performance without hidden costs.

XTB

Founded in 2002 and publicly traded on the Warsaw Stock Exchange, XTB is one of the most established brokers in the industry. It serves over 500,000 traders globally and is regulated by top-tier authorities including the FCA (UK), KNF (Poland), CySEC, and IFSC, offering high levels of security and compliance.

XTB’s proprietary xStation 5 platform is powerful yet user-friendly, ideal for both beginner and professional traders. It offers tight spreads from 0.1 pips, access to 2,000+ CFDs, and leverage up to 1:500, with no withdrawal fees and fast processing times.

With comprehensive educational tools, Islamic accounts, and negative balance protection, XTB is a solid, flexible choice across multiple experience levels and trading strategies.

Pros and Cons

Frequently Asked Questions

Is XTB regulated and safe to use?

Yes. XTB is regulated by respected authorities like FCA, KNF, CySEC, and IFSC, and it’s also publicly listed, adding transparency and trust.

What platform does XTB use?

XTB uses its in-house platform, xStation 5, which is known for its speed, intuitive design, and advanced charting tools.

What is the minimum deposit to open an account?

The minimum deposit varies by account type, offering flexibility for different trader levels.

Does XTB support Islamic accounts?

Yes, Islamic (swap-free) accounts are available for traders who require Sharia-compliant conditions.

★★★★

Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes

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Our Insights

XTB combines the strength of a publicly listed, well-regulated broker with excellent tools, educational resources, and a proprietary platform that delivers. With over 2,000 CFDs, tight spreads, and global reach, it’s a top-tier option for traders seeking a safe and dynamic trading experience.

IC Markets

Founded in 2007, IC Markets has grown to serve over 1 million traders globally, offering institutional-grade trading conditions to retail clients. While not publicly traded, it is regulated by the FSA in Seychelles and provides key trader protections such as account segregation, negative balance protection, and investor protection schemes.

IC Markets stands out for its ultra-low spreads starting from 0.0 pips, fast execution speeds in milliseconds, and access to MetaTrader 4, MetaTrader 5, and cTrader. It supports an extensive range of CFDs across indices, commodities, shares, and more.

With Islamic account options, free VPS hosting, educational resources, and a demo account, IC Markets caters equally to beginners and advanced traders, including scalpers and high-frequency traders.

Pros and Cons

Frequently Asked Questions

Is IC Markets a safe broker to use?

Yes. While it’s not publicly listed, it is regulated by the FSA and offers investor protection mechanisms like segregated accounts and negative balance protection.

What are IC Markets’ trading platforms?

Traders can use MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader, all known for their stability and advanced tools.

What is the minimum deposit required?

The minimum deposit at IC Markets is USD 200, suitable for a wide range of traders.

Does IC Markets allow scalping and high-frequency trading?

Yes, IC Markets is highly regarded among scalpers and algorithmic traders for its raw spreads and fast execution.

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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Our Insights

IC Markets delivers on performance, pricing, and platform variety. With spreads from 0.0 pips, professional-grade tools, and a robust selection of trading instruments, it’s ideal for those looking for low-cost, high-speed trading with strong global credibility. Whether you’re a beginner or a pro, IC Markets is a solid, reliable choice.

What is an NDD Forex Broker?

An NDD (No Dealing Desk) Forex Broker facilitates direct market access for traders, connecting them to interbank liquidity providers without intermediaries. Moreover, this model ensures fairer pricing, faster execution, and greater transparency. NDD brokers typically offer variable spreads and charge commissions per trade, providing an environment conducive to high-frequency and institutional trading strategies.

In Conclusion

Overall, the best NDD (No Dealing Desk) Forex brokers offer traders direct market access, tight spreads, fast execution, and more. Moreover, with a commitment to fairness, security, and client satisfaction, these brokers empower traders to trade forex markets with confidence.

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