In this post, I will cover the best NDD Forex brokers that let you trade with clear, honest terms and no dealing desk interference. With these firms you get quicker order fills, thinner spreads, and direct access to real market liquidity.
Whether youre just starting out or already working like a pro, picking a trustworthy NDD broker can upgrade your entire trading experience through sharper pricing and safer risk controls.
Key Point & Best NDD Forex Brokers List
| Broker | Key Point |
|---|---|
| Pepperstone | Ultra-low spreads with fast execution suitable for scalping and algorithmic trading. |
| FXTM | Offers flexible leverage and is beginner-friendly with educational resources. |
| BlackBull Markets | ECN trading with deep liquidity and institutional-grade infrastructure. |
| XM | No re-quotes and negative balance protection for client safety. |
| XTB | Award-winning proprietary xStation 5 platform with advanced trading tools. |
| OANDA | Trusted broker with strong regulatory background and powerful API trading. |
| IC Markets | True ECN broker with extremely low spreads and high-speed order execution. |
| FP Markets | Combines low-cost pricing with access to over 10,000 tradable instruments. |
| Tickmill | Competitive spreads with low commissions and fast execution speeds. |
| FxPro | Multi-platform support with strong market analytics and risk management tools. |
1.Pepperstone
Pepperstone opened its doors in 2010 and quickly climbed the ranks to become a respected No-Dealing-Desk forex broker. Today, it works under the strict watch of ASIC, FCA, CySEC, DFSA, and BaFin.
Traders can pick from MetaTrader 4, MetaTrader 5, or cTrader, giving room to scalpers and algo systems alike. For pro accounts, leverage soars to 500:1 and spreads can dip to an eye-watering 0.0 pips. Deposits and withdrawals move through bank wires, credit or debit cards, PayPal, Skrill, Neteller, and POLi, offering solid flexibility.
Clients praise the near-instant trade fills and protective measures such as negative-balance shield and kept funds in separate accounts. With top-tier tech and deep liquidity, Pepperstone remains a prime pick for serious traders pursuing speed and security.
| Feature | Details |
|---|---|
| Broker Name | Pepperstone |
| Established Year | 2010 |
| Regulators | ASIC (Australia), FCA (UK), CySEC (EU), DFSA |
| Broker Type | NDD (No Dealing Desk), True ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Max Leverage | Up to 1:500 (varies by region) |
| Spreads | From 0.0 pips (on Razor account) |
| Execution Speed | Ultra-fast, low latency |
| Payment Methods | Bank Transfer, Cre |
2.FXTM
FXTM started in 2011 and now sits under the watch of respected regulators like CySEC, FCA, and FSCA. It runs a hybrid structure yet still rolls out NDD accounts with true ECN execution.
Traders can choose MetaTrader 4 or 5, both packed with top-notch charts and room for automated strategies. Depending on your location and account, leverage can stretch all the way to 1:2000.
Deposits and withdrawals move via credit or debit cards, bank wire, Skrill, Neteller, and a handful of local e-wallets. The broker shines with a full library of courses, live webinars, and free demo access that welcome newcomers. Combine that with speedy payouts, a handy mobile app, and a broad menu of forex, stocks, and CFDs, and FXTM proves itself a versatile partner.
| Feature | Details |
|---|---|
| Broker Name | FXTM (ForexTime) |
| Established Year | 2011 |
| Regulators | CySEC (EU), FCA (UK), FSCA (South Africa) |
| Broker Type | NDD/ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Max Leverage | Up to 1:2000 (varies by region) |
| Spreads | From 0.1 pips (ECN account) |
| Execution Speed | Fast market execution |
| Payment Methods | Credit/Debit Cards, Bank Transfer, Skrill, Neteller, Local e-w |
3.BlackBull Markets
Founded in 2014, BlackBull Markets is a New Zealand NDD broker supervised by the FMA and registered with Seychelless FSA. It offers genuine ECN pricing on MetaTrader 4, MetaTrader 5, and cTrader.
With leverage reaching 500:1 and near-instant order fills, the firm attracts both retail and institutional traders. Deposits and withdrawals can be handled via Visa/MasterCard, bank wire, Skrill, Neteller, or UnionPay.
BlackBull publishes raw spreads from 0.0 pips and provides VPS hosting for automated systems. Its backbone includes Equinix data centers to keep latency low. Clients trade forex, indices, commodities, and shares, giving professionals plenty of markets to work with.
| Feature | Details |
|---|---|
| Broker Name | BlackBull Markets |
| Established Year | 2014 |
| Regulators | FMA (New Zealand), FSA (Seychelles) |
| Broker Type | NDD, True ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView |
| Max Leverage | Up to 1:500 |
| Spreads | From 0.0 pips (ECN Prime account) |
| Execution Speed | Ultra-low latency via Equinix servers |
| Payment Methods | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, UnionPay |
| KYC Requirement | Basic KYC (ID + Address Proof) |
| Best For | Institutional-grade trading, VPS & Algo Trading |
4.XM
XM started in 2009 and is overseen by ASIC, CySEC, IFSC, and DFSA. The broker uses NDD execution, so traders see no requotes or hidden fees while working on MetaTrader 4 or 5. Leverage reaches 1,000, and investors can pick from more than 1,000 instruments.
Money can be moved by credit and debit cards, Skrill, Neteller, regular bank transfers, or local gateways. XM is also well-known for education; it runs live webinars, easy tutorials, and daily trading signals.
Client funds sit in separate accounts, and the broker adds negative-balance protection to shield profits. A loyalty program and free withdrawals make the platform attractive for beginners and seasoned traders.
| Feature | Details |
|---|---|
| Broker Name | XM |
| Established Year | 2009 |
| Regulators | CySEC (EU), ASIC (Australia), DFSA, IFSC |
| Broker Type | NDD |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Max Leverage | Up to 1:1000 |
| Spreads | From 0.0 pips (Ultra Low account) |
| Execution Speed | No requotes, fast execution |
| Payment Methods | Credit/Debit Cards, Bank Transfer, Skrill, Neteller, Local options |
| KYC Requirement | Basic KYC (ID + Address Proof) |
| Best For | Low minimum deposit, Bonus Offers, Education |
5.XTB
XTB launched in 2002 and works under rules set by the FCA, KNF, CySEC and the IFSC. The broker uses a true NDD setup and features its own xStation 5 platform, praised for a clean layout and solid charts.
Leverage reaches 1:500, though local laws may lower the limit in some areas. Account funding options include bank wires, cards, PayPal and Skrill, giving traders good flexibility.
Clients can trade forex, indices, commodities, crypto and stocks with tight spreads and fast order fills. XTB earns high marks for clear pricing, learning resources and support in several languages. Built-in sentiment tools, advanced charts and live news suit day traders and swing traders alike.
| Feature | Details |
|---|---|
| Broker Name | XTB |
| Established Year | 2002 |
| Regulators | FCA (UK), KNF (Poland), CySEC (EU), IFSC |
| Broker Type | NDD |
| Trading Platform | Proprietary xStation 5 |
| Max Leverage | Up to 1:500 (depending on region) |
| Spreads | From 0.1 pips |
| Execution Speed | Fast, no dealer intervention |
| Payment Methods | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| KYC Requirement | Basic KYC (ID + Proof of Address) |
| Best For | Intuitive platform, extensive market access |
6.OANDA
OANDA started in 1996 and is now a well-respected forex and CFD broker. The firm is supervised by heavy-hitting regulators like the FCA, CFTC, ASIC, IIROC, and MAS, so client safety is a top priority. Trades are filled via a no-dealing-desk (NDD) model, and customers can use OANDAs own platform or stick with MetaTrader 4.
Leverage depends on where you live, with some spots offering up to 1:200. Deposit and withdrawal options are flexible; you can pay by bank wire, debit or credit card, PayPal, or Skrill.
The broker also stands out for clear pricing, solid research tools like an economic calendar and API access for coders, plus high-quality mobile apps and deep market data. Those combined features keep OANDA at the front of the pack and make it one of the safest places to trade forex today.
| Feature | Details |
|---|---|
| Broker Name | OANDA |
| Established Year | 1996 |
| Regulators | FCA (UK), CFTC (USA), ASIC (Australia), IIROC (Canada), MAS (Singapore) |
| Broker Type | NDD |
| Trading Platforms | OANDA Web, OANDA Desktop, and MetaTrader 4 |
| Max Leverage | Up to 1:200 (varies by region) |
| Spreads | From ~1.0 pip (variable, depending on conditions) |
| Execution Speed | Fast market execution, no dealing-desk delays |
| Payment Methods | Bank Transfer, Credit/Debit Cards, PayPal |
| KYC Requirement | Basic KYC (ID + Proof of Address) |
| Best For | Transparent pricing, robust research tools |
7.IC Markets
Founded in 2007, IC Markets has grown into one of Australias top ECN brokers, and it answers to ASIC, CySEC, and the FSA in Seychelles. Traders can use MetaTrader 4, MetaTrader 5, or cTrader, enjoy raw spreads that start at zero, and benefit from near-instant fills thanks to Equinix servers.
Leverage tops out at 1:500, giving skilled clients room to manage larger positions. Funding options include bank wires, credit or debit cards, Skrill, Neteller, and PayPal, so deposits and withdrawals stay flexible.
Because of its deep liquidity and broker-grade environment, IC Markets welcomes scalpers, daily traders, and bots alike. Other perks are VPS hosting, plenty of analysis tools, and access to more than 2,000 assets, from forex pairs and indices to commodities and coins.
| Feature | Details |
|---|---|
| Broker Name | IC Markets |
| Established Year | 2007 |
| Regulators | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| Broker Type | NDD (No Dealing Desk), True ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Max Leverage | Up to 1:500 (varies by region) |
| Spreads | From 0.0 pips (Raw Spread account) |
| Execution Speed | Ultra-low latency, institutional-grade liquidity |
| Payment Methods | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, FasaPay, UnionPay |
| KYC Requirement | Basic KYC: Photo ID + Proof of Address (valid within 180 days) |
| Best For | Scalpers, algorithmic traders, low-latency trading |
8.FP Markets
FP Markets started in 2005 and calls Australia home; the broker follows rules set by ASIC and CySEC. It quotes prices on a true ECN feed, so spreads are tight, latency is low, and liquidity is deep. Clients can trade on MetaTrader 4, MetaTrader 5, or the IRESS app, using leverage that reaches 1:500. Deposits and withdrawals move through bank wires, cards, Skrill, Neteller, PayPal, and a range of local services.
The firm lists more than 10,000 instruments, covering forex, stocks, indices, and commodity futures. Traders praise its quick order fills, narrow spreads, and friendly support. VPS hosting, plug-and-play automation, and solid education keep FP Markets a good pick for beginners and pros alike.
| Feature | Details |
|---|---|
| Broker Name | FP Markets |
| Established Year | 2005 |
| Regulators | ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), SVG FSA (St. Vincent & the Grenadines) |
| Broker Type | NDD (No Dealing Desk), True ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS |
| Max Leverage | Up to 1:500 (varies by region) |
| Spreads | From 0.0 pips (Raw ECN account) |
| Execution Speed | Ultra-low latency via Equinix NY4 servers |
| Payment Methods | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, FasaPay, UnionPay |
| KYC Requirement | Basic KYC: Photo ID + Proof of Address (valid within 180 days) |
| Best For | Scalpers, algorithmic traders, low-latency trading |
9.Tickmill
Tickmill started in 2014 and has grown into a reliable no-dealing-desk broker, proudly overseen by the FCA, CySEC, Labuan FSA, and FSCA. Traders can use either MetaTrader 4 or MetaTrader 5 and pull up leverage as high as 1:500. The firm draws attention with razor-thin spreads that .
can drop to 0.0 pips and very low commissions, a setup that suits scalpers and robot users. Deposits and withdrawals are easy via bank wire, credit and debit cards, Skrill, Neteller, and a few other e-wallets.
Orders hit the market in milliseconds, backed by clear charts and tools like Autochartist, which scans price patterns on behalf of the user. Copy trading is also available, along with negative-balance protection that keeps equity from falling below zero. Thanks to a clean interface and sharp pricing, Tickmill stands out for both first-time investors and seasoned pros.
| Feature | Details |
|---|---|
| Broker Name | Tickmill |
| Established Year | 2014 |
| Regulators | FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), DFSA (UAE) |
| Broker Type | NDD (No Dealing Desk), True ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill Trader (web & mobile) |
| Max Leverage | Up to 1:500 (varies by region) |
| Spreads | From 0.0 pips (Raw account) |
| Execution Speed | Ultra-low latency, institutional-grade liquidity |
| Payment Methods | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, FasaPay, UnionPay |
| KYC Requirement | Basic KYC: Photo ID + Proof of Address (valid within 180 days) |
| Best For | Scalpers, algorithmic traders, low-latency trading |
10.FxPro
FxPro opened its doors in 2006 and now works under the watchful eyes of the FCA, CySEC, FSCA, and SCB. As a No Dealing Desk (NDD) broker, it gives traders speedy order fills on MetaTrader 4, MetaTrader 5, cTrader, and its own FxPro platform.
Leverage can reach 1:500, letting users control larger positions with a small deposit. Funds move in easily through credit and debit cards, bank wires, PayPal, Skrill, or Neteller. Clients enjoy tight spreads, handy charting widgets, and daily market analysis from in-house experts.
The broker backs algorithmic strategies, offers negative balance protection, and even supplies VPS hosting for 24/7 uptime. With a solid global name, diverse tools, and quick, friendly support, FxPro attracts both retail investors and seasoned pros.
| Feature | Details |
|---|---|
| Broker Name | FxPro |
| Established Year | 2006 |
| Regulators | FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas) |
| Broker Type | NDD (No Dealing Desk), STP, ECN |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, FxPro Platform |
| Max Leverage | Up to 1:500 (varies by region) |
| Spreads | From 0.0 pips (Raw account) |
| Execution Speed | Ultra-low latency, institutional-grade liquidity |
| Payment Methods | Bank Transfer, Credit/Debit Cards, Neteller, PayPal, Skrill, China UnionPay |
| KYC Requirement | Basic KYC: Photo ID + Proof of Address (valid within 6 months) |
| Best For | Scalpers, algorithmic traders, low-latency trading |
Conclusion
To wrap things up, the top no-dealing-desk (NDD) forex brokers give traders clear prices, speedy order fills, and deep liquidity. Pepperstone, IC Markets, and BlackBull Markets shine with genuine ECN setups and tight spreads, making them perfect for scalpers and robots. FXTM and XM, meanwhile, look after newer players with easy-to-follow lessons and video guides.
Every broker mentioned is watchdog-approved, so you get trustworthy platforms, flexible leverage, and safe payment methods. Whether youre just starting or have traded for years, picking an NDD broker from this shortlist gives you a level playing field, low slippage, and room to grow.
