Top No Dealing Desk (NDD) Forex Brokers

See our selection of the best forex brokers with no dealing desk:

  • FP Markets FP Markets - Best No Dealing Desk Forex Broker Overall
  • Pepperstone Pepperstone - Best Forex Broker for Trading Experience
  • fusion markets Fusion Markets - Best Forex Broker for Low Commissions
  • ThinkMarkets ThinkMarkets - Best Forex Broker for Range of Platforms
  • IC Markets IC Markets - Best Forex Broker with Tight ECN Pricing
  • FxPro UK FxPro - Best Forex Broker for Execution Speed
  • saxomarkets logo Saxo Capital Markets - Best ECN Forex Broker for Range of Markets
  • FXTM FXTM - Best Forex Broker for Account Types

FP Markets
IC Markets
Fusion Markets
FxPro
Pepperstone
Our Rating
8
6.83
8.17
7.46
9.17
Fastest Limit Order Speed
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
Lowest Commissions
80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
78.2% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
FP Markets
IC Markets
Fusion Markets
FxPro
Pepperstone
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)
Dubai (DFSA)

Brokerage

Feature
FP Markets
IC Markets
Fusion Markets
FxPro
Pepperstone
EUR/USD Avg. Raw Spread
0.10
0.1
0.12
0.37
0.09
GBP/USD Avg. Raw Spread
0.20
0.4
0.59
1.02
0.38
AUD/USD Avg. Raw Spread
0.20
0.2
0.22
0.87
0.17
EUR/USD Standard Spread
1.20
1.1
1.58
0.69
EUR/USD Fixed Spreads
1.71
Commissions (USD Base)
$3.00
$3.50
SGD 4.50
$2.25
USD$0.45 (cTrader)
AUD/USD$3.50
Commission Rebates
Minimum Deposit
$100
USD $200
$0
$500 Recommended
AUD/USD $200
Swap Free Account
No Inactivity Fees
Funding Methods
8
15
5
4
16
No Funding Fees

Markets and Instruments

Feature
FP Markets
IC Markets
Fusion Markets
FxPro
Pepperstone
Currency Pairs
61+
65+
90+
70+
66+
Cryptocurrency CFDs
5+
10+
5+
12
Index CFDs
14+
16+
10+
24+
14+
Share CFDs
12,986+
100+
150+
300+
Commodities CFD
4+
19+
16+
10+
4+
Stockbroking
Retail Max. Leverage
30:1
30:1 (Cysec/ASIC)
500:1 (International)
30:1
30:1 FXProGLobal Markets
500:1 FXPro Financial Services
30:1 (FCA/ASIC/BaFIN)
50:1 (DFSA)
200:1 (Other)
Professional Leverage
500:1
500:1
500:1
500:1
500:1

Trading Platforms + Tools

Feature
FP Markets
IC Markets
Fusion Markets
FxPro
Pepperstone
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
(Aust/Europe only)
(Aust/Europe only)
ESMA regulated territories only
(Aust/Europe only)
Demo Account
Unique Feature 1
Fastest Limit Order Execution Speed
ECN pricing
Industry low commission fees
1,300,000 client accounts
Smart Trader Tools
Unique Feature 2
IRESS Trading Platform
No funding fees
Commission Account
Spread Only Accounts
Avg execution time 11.06 ms
Fast Execution Speed

Overall