30 Best NDD Forex Brokers

Table of Contents

30 Best NDD Forex BrokersIf you are looking for direct access to the high liquidity markets with reduced mark-ups and tighter spreads, we recommend trying one of these 30 Best NDD Forex Brokers.

NDD, or No Dealing Desk Brokers, provide unfiltered access to the markets by offering what is known as Straight Through Processing executions, or through their electronic communications networks.

There are 2 types of No Dealing Desk brokers, namely STP (Straight Through Processing) and ECN (Electronic Communications Networks). 

In a Straight Through Processing network, the broker links the trader to a liquidity provider and creates a market for trades, whereas ECN Brokers allow traders to interact directly with liquidity providers and is essentially a system of pure order-matching executions.

These brokers are guaranteed to bring your order into the Interbank Market, where all the big fishes – the sharks (Hedge Funds, Mutual Funds, Banks) – come together in a private network and trade the Forex Markets.

 

Avatrade

AvaTrade

 

Established in 2006, AvaTrade is a fully-regulated CFD and Forex Broker and has garnered a client base of 300,000 traders.

AvaTrade has received more than 100 international awards and is regulated and licensed across 5 continents worldwide.

AvaTrade is suitable for beginners and offers an extensive variety of educational materials, as well as more advanced research and analysis tools for experienced traders.

AvaTrade offers 4 accounts, along with demo accounts for new clients and beginners, and Islamic accounts for clients of the Muslim faith.

 

Pros and Cons of AvaTrade:

✔️Pros ❌Cons
Creating an account is fast and easy Service not offered to US citizens
No fees on deposits and withdrawals Telephonic customer support seems lacking
Educational resources provided Not available to US clients
Multi-regulated broker

 

Minimum Account Features of AvaTrade:

Minimum deposit $100
Maximum leverage 1:400
Account base currencies AUD, EUR, USD, GBP, CHF
Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto
Regulations MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, AvaTradeGo, AvaOptions

 

eToro

eToro

 

eToro has grown into the most trusted and popular NASDAQ100 and stocks brokers around.

The eToro platform is user-friendly and offers a dedicated trading academy for new traders, and is a great option for traders who are interested in Copy trading or Social trading.  

eToro is available to US citizens, unlike most other brokers, and has a total of over 17 million clients from across the globe.

 

Pros and Cons of eToro:

✔️Pros Cons
Supports CopyTrading Difficult to find detailed account information
Supports Social trading Forex fees are high
Flexible leverage Withdrawal fee of $5
Free stock and ETF trading in EU

 

Minimum Account Features of eToro:

Minimum deposit $50
Maximum leverage 1:30
Account base currencies USD, AUD, CNY, CAD, GBP, EUR, JPY, RUB
Instruments Stocks, Commodities, Indices, Forex, ETFs, Cryptocurrencies
Regulations FCA, CySEC, ASIC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms eToro app, OpenBook

 

Admiral Markets (Admirals)

Admiral-Markets

Admiral Markets, recently rebranded to Admirals, offers a total of 5 flexible account types that are designed to cater for clients that prefer either the MT4 or the MT5 platform.

Inexperienced traders can use the resources provided by Admirals to learn the basics of trading and to learn more about trading strategies and risk management.

Admirals provides clients with a range of unique analysis tools and data, and traders benefit from global market news updates, fundamental and technical analyses, heat maps and market sentiments.

 

Pros and Cons of Admiral Markets:

✔️Pros ❌Cons
Great range of research tools Cash rebates only available to UK and Australian clients
Variety of accounts offered Penalty fee for inactivity
Negative balance protection
Good selection of educational content

 

Minimum Account Features of Admiral Markets:

Minimum deposit $1-$100
Maximum leverage 1:500
Account base currencies USD, CHF, EUR, BGN, HRK, PLN, RON, CZK, HUF, GBP
Instruments Forex, Commodities, Indices, Stocks, ETFs, Bonds
Regulations ASIC, FCA, EFSA, CySEC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, Admirals app

 

Blackbull Markets

BlackBull-Markets

 

Clients of Blackbull Markets can choose from 3 unique accounts that are compatible with the MetaTrader 4 and 5 platforms.
Blackbull Markets offers active trader rewards and referral bonuses, and also allows traders to use ZuluTrade and Myfxbook.
Blackbull Markets gives its clients access to VPS trading, NYC servers and BeeksFX, and there are more than 300 tradable products to explore.

 

Pros and Cons of Blackbull Markets:

✔️Pros Cons
Zero-commission trading accounts No access to US clients
Low spreads with fast execution speeds Fixed spread accounts not available
More than 300 trading instruments No Crypto trading
Excellent partnership programs

 

Minimum Account Features of Blackbull Markets:

Minimum deposit $200
Maximum leverage 1:500
Account base currencies USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, ZAR
Instruments Forex, Indices, Commodities, Metals, Energy
Regulations FSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

easyMarkets

easyMarkets

 

easyMarkets was founded in 2001 and is an award-winning Forex broker that currently has over 100,000 clients.

easyMarkets provides a variety of educational guides which are user-friendly, instructional platform manuals, and 10 free topic-specific eBooks that can be downloaded directly from the website.

easyMarkets offers a set of tools, such as dealCancellation and Freeze Rates, that are unique to its product offering; as well as negative balance protection, guaranteed stop losses, no slippage and fixed spreads.

 

Pros and Cons of easyMarkets:

✔️Pros ❌Cons
19 base currencies supported Not available to US citizens
Fixed spreads
Negative Balance Protection

 

Minimum Account Features of easyMarkets:

Minimum deposit $25
Maximum leverage 1:400
Account base currencies EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC
Instruments Forex, Shares, Crypto, Metals, Commodities, Indices
Regulations CySEC, ASIC, FSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, TradingView, easyMarkets app

 

FP Markets

FP Markets

 

FP Markets is compatible with MetaTrader and guarantees deep liquidity, low latency and tight raw spreads, offering clients all the advanced tools and features available on these platforms.

FP Markets clients get access to a free VPS and are allowed to Expert Advisors, and trading accounts can be funded using most major currencies.

FP Markets provides a variety of educational and informative resources, and is a Social trading-friendly platform, as well providing MAM/PAMM accounts and a trader’s toolbox that makes risk management and strategy implementation easier than ever before.

 

Pros and Cons of FP Markets:

✔️Pros ❌Cons
10 Base currencies supported Withdrawal fees
Great product offering No fixed spreads
Commission-free account offered

 

Minimum Account Features of FP Markets:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF
Instruments Forex, Shares, Metals, Indices, Commodities
Regulations ASIC, CySEC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, FP Markets app

 

GO Markets

GO Markets

 

GO Markets is a regulated Australian broker that offers 2 account types with 24/5 customer support.

The GO Markets platform is suitable for inexperienced traders and provides a variety of instructional video tutorials, educational handbooks, trading guides and topic-specific courses.

This broker also accommodates social traders and allows traders to use Myfxbook.

 

Pros and Cons of GO Markets:

✔️Pros ❌Cons
Educational resources available No Islamic account
Suitable for beginners Inactivity is penalised
Free VPS

 

Minimum Account Features of GO Markets:

Minimum deposit $200
Maximum leverage 1:500
Account base currencies AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
Instruments Forex, Shares, Indices, Metals, Commodities
Regulations FSC, ASIC, AFSL
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

XM

XM

 

XM has won multiple awards since its founding in 2009 and is a fully regulated Forex broker which houses more than 5 million clients from over 196 countries.

To cater for its international client base, XM offers multilingual customer support 24 hours a day and 5 days a week.

XM offers its clients access to more than 1,000 tradable instruments and stocks from over 600 international companies, market research and unlimited video tutorials and personal account managers.

 

Pros and Cons of XM:

✔️Pros ❌Cons
User-friendly website Fixed spreads not offered
Low minimum deposit Not available to US clients
Negative Balance Protection Inactivity is penalised
Promotions and signup bonuses

 

Minimum Account Features of XM:

Minimum deposit $5
Maximum leverage 1:888
Account base currencies USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB
Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies
Regulations ESMA, CySEC, ASIC, FCA, IFSC, DFSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5

 

Alpari

Alpari

 

Founded over 20 years ago, Alpari has more than 2 million loyal clients.

Alpari offers more than 200 instruments and 4 account types that are split into standard accounts and ECN accounts.

Demo accounts are available for new clients and beginners, and clients of the Muslim faith can make use of the swap-free accounts on the MT4 platform.

Alpari is committed to teaching new traders about the basics of trading and also supports Copy Trading.

 

Pros and Cons of Alpari:

✔️Pros ❌Cons
Referral program Only 4 base currencies supported
Supports Copy Trading Limited variety of instruments
Flexible account types Clients from Japan, Russia and USA cannot use Alpari
Massive client base

 

Minimum Account Features of Alpari:

Minimum deposit $100
Maximum leverage 1:1000
Account base currencies USD, EUR, GBP, NGN
Instruments Forex, Metals, CFDs
Regulations FSC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

FXTM

FXTM

 

Founded in 2011 FXTM has 2 million clients from across 100 countries and allows its users to employ more than 5,000 strategies that have been created and tested by professional traders.

FXTM traders can choose from three flexible types of accounts each with their own demo account, and each with tight spreads and the option to trade with no commission.

FXTM is available in more than 100 countries and allows traders to employ more than 5,000 strategies, created and tested by professional traders.

 

Pros and Cons of FXTM:

✔️Pros ❌Cons
Tight spreads No US clients allowed
low latency trading Penalty fees 
Option to start trading with $10

 

Minimum Account Features of FXTM:

Minimum deposit $10-$500
Maximum leverage 1:2000
Account base currencies USD, EUR, GBP, NGN
Instruments Metals, Stocks, CFDs, Indices, Forex, Commodities
Regulations CySEC, FCA, FSC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, FXTM Trader

 

XTB

XTB

 

XTB has over 400,000 active clients and offers one account type that can be used to trade more than 2,100 instruments.

New traders can use the educational resources provided by XTB to learn about the basics of trading, and different training courses are provided, depending on their experience levels.

XTB’s customer support team can be contacted via live chat, email and telephone and the help centre offers resolutions to the most common queries.

 

Pros and Cons of XTB:

✔️Pros Cons
Accounts can be funded with 5 currencies Penalty fee for inactivity
No minimum deposit required Not available to US citizens
Beginner-friendly
Reliable customer support team

 

Minimum Account Features of XTB:

Minimum deposit $0
Maximum leverage 1:30
Account base currencies USD, EUR, GBP, HUF, PLN
Instruments Forex, Commodities, Indices, Crypto, Stocks, ETFs, CFDs
Regulations FCA, KNF, IFSC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms xStation 5

 

Darwinex

Darwinex

 

Founded in 2012 and based in the United Kingdom Darwinex is an FCA-regulated Forex that accepts clients from 80 countries and is trusted by more than 3,000 traders.

At the moment, Darwinex doesn’t offer any educational materials on their website and offers only 2 distinct accounts, which are standard accounts for retail traders and joint accounts for corporate traders, both of which require high minimum deposits.

 

Pros and Cons of  Darwinex:

✔️Pros Cons
Regulated by the FCA              No cryptocurrencies
Supports Copy trading Limited accounts for Forex
Compatible with MetaTrader platforms Only 3 supported base currencies

 

Minimum Account Features of Darwinex:

Minimum deposit $500
Maximum leverage 1:30
Account base currencies GBP, USD, EUR
Instruments Forex,  Indices, Commodities, US Stocks
Regulations FCA
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms Darwin API, FIX, MT4, MT5

 

OctaFX

OctaFX

 

Founded in 2011 and available in 100 countries, OctaFX has more than 6 million trading accounts opened and offers 3 account types that support hedging, scalping and expert advisors.

OctaFX gives new traders the option to use the copy trading app which is a beginner-friendly platform, demo accounts, and a comprehensive variety of educational content.

New traders can use OctaFX to learn about the basics of trading and have access to a great selection of educational content that can be used along with the demo account.

 

Pros and Cons of OctaFx:

✔️Pros Cons
Low minimum deposit Limited product offering
Tight spreads Only 2 base currencies accepted 
CopyTrader-friendly
Compatible with popular platforms

 

Minimum Account Features of OctaFx:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies EUR, USD
Instruments Forex, CFDs, Stocks, Commodities, Cryptocurrencies
Regulations FSA, SVGFSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, OctaFX app

 

InstaForex

InstaForex

 

 

ECN and Scalping accounts are offered by the InstaForex European entity and traders of the Muslim faith are provided with an Islamic account, in addition to the demo account and 2 account types offered to all traders.

InstaForex has a dedicated educational section for beginners to make it easy for new traders to learn how to trade and so that they can trade resonpsibly.

InstaForex hosts events and contests for clients making it very popular along with its products making InstaForex very popular.

 

Pros and Cons of InstaForex:

✔️Pros Cons
Cent and Islamic accounts offered Only 2 base currencies to choose from
10 trading servers provided US clients not accepted
Negative Balance Protection
Great variety of research and trading tools

 

Minimum Account Features of InstaForex:

Minimum deposit $1
Maximum leverage 1:1000
Account base currencies EUR, USD
Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures
Regulations FSC BVI
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, InstaTick Trader, Multiterminal

 

City Index

City Index

 

City Index has been in the Forex and trading industry since 1983 and operates as part of StoneX Financial Ltd. and GAIN Capital Holdings Inc. 

City Index provides fixed and variable spreads on all account types, along with access to more than 12,000 markets and a variety of trading tools, such as SMART signals, charts, strategy tools, volatility alerts and performance analytics.

City Index delivers updated, in-depth market news with articles on trending market topics, and new traders have access to training courses, detailed instructional guides, and educational webinars.

 

Pros and Cons of City Index:

✔️Pros Cons
Listed on NASDAQ Penalty fees for inactivity
Great selection of products Stock CFD fees are high
Deposits and withdrawals are free Only one account type to choose from
Part of StoneX

 

Minimum Account Features of City Index:

Minimum deposit £50
Maximum leverage 1:30
Account base currencies USD, CHF, EUR, GBP, HUF, AUD, JPY, PLN
Instruments Indices, Shares, Forex, Metals Bonds, Options, Commodities
Regulations IIROC, JFSA, ASIC, FCA and CFTC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, City Index app

 

Pepperstone

Pepperstone

 

Pepperstone is a highly-regulated Forex and CFD broker that supports 3 popular platforms and facilitates Social trading.

Pepperstone offers 2 account types and both accounts have guaranteed competitive spreads and clients can choose to trade commission-free.

Pepperstone provides a variety of helpful tutorials and trading guides for beginners, along with SMART tools, Autochartist and Figaro.

 

Pros and Cons of Pepperstone:

✔️Pros ❌Cons
Regulated in several jurisdictions Only one account types
Good customer service experience Educational content is somewhat lacking
Great product portfolio
No inactivity fee

 

Minimum Account Features of Pepperstone:

Minimum deposit $200
Maximum leverage 1:30
Account base currencies AUD, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP
Instruments Forex, Crypto, Shares, ETFs, Indices, Commodities
Regulations ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, cTrader

 

IC Markets

IC Markets

 

IC Markets has evolved into a leading ECN broker and its product portfolio consists of more than 1,780 tradable instruments.

The accounts offered by IC Markets can be used as Islamic accounts and demo accounts and are suitable for Day trading, Scalping and retail trading.

IC Markets provides a range of trading tools, such as alarm managers, stealth orders, trading terminals, and session matrices and maps.

 

Pros and Cons of IC Markets:

✔️Pros ❌Cons
Multiple accounts offered Not available to US citizens
Secure VPS server No investor protection for non-EU clients
10 base currencies supported

 

Minimum Account Features of IC Markets:

Minimum deposit $200
Maximum leverage 1:500
Account base currencies AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF
Instruments Stocks, Commodities, Indices, Forex, Bonds, Crypto, Futures
Regulations FSA, CySEC, ASIC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, cTrader

 

FXCM

FXCM

 

Founded in 1999, FXCM offers multiple platforms for traders, one flexible account that can be used with a variety of research and analysis features, advanced charts, and algorithmic trading tools.

FXCM welcomes beginners by giving them access to an exceptional library of educational content, trading guides, and detailed research.

FXCM facilitates copy trading and provides an active trader program that is designed to benefit high-volume traders.

FXCM clients also benefit from the referral program and a rebate program.

FXM has been in the trading industry for over 2 decades and is a well-established, regulated broker with a good reputation.

 

Pros and Cons of FXCM:

✔️Pros Cons
Great selection of technical research tools Bank withdrawal fees are high
Comprehensive educational resources Limited product offering
Rebate and Referral Program Penalty fee for one year of inactivity
Allows Copy Trading

 

Minimum Account Features of FXCM:

Minimum deposit $50
Maximum leverage 1:200
Account base currencies EUR, USD, GBP, CHF
Instruments Forex, Shares, Indices, Crypto, Commodities
Regulations ASIC, FCA, FSCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms Trading Station, MT4, NinjaTrader, ZuluTrade, Capitalise AI, TradingView

 

IG

IG

 

IG offers access to more than 17,000 international markets and provides premium services for professional, corporate, institutional and retail traders.

The IG trading academy offers online courses, live webinars and demo accounts for new traders and IG’s support team is available 24 hours a day and is committed to helping clients manage their risks.

 

Pros and Cons of IG:

✔️Pros ❌Cons
Exceptional web platform Product portfolio needs more options
Educational resources provided Unreliable telephonic support
Low trading fees

 

Minimum Account Features of IG:

Minimum deposit $250
Maximum leverage 1:30
Account base currencies USD, GBP, AUD, EUR, SGD, HKD
Instruments Crypto, Forex, Indices, Shares, Commodities
Regulations FINMA, JFSA, DIFC, ASIC, MAS, FCA, CFTC
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, ProRealTime, L2 Dealer

 

HotForex

HotForex accounts have variable spreads and most accounts can be used on the MetaTrader platforms and have personal account managers.

HotForex is suitable for inexperienced traders and clients benefit from the loyalty program and promotions.

HotForex offers over 1,000 instruments and is a multi-regulated broker with a wide range of trading tools and features.

 

Pros and Cons of HotForex:

✔️Pros Cons
5 account types offered Trading fees are high
Highly regulated Penalty fees for inactivity
18 trading tools provided
Negative Balance Protection

 

Minimum Account Features of HotForex:

Minimum deposit $5
Maximum leverage 1:1000
Account base currencies USD, ZAR, USD, NGN
Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs
Regulations FCA, FSA, FSCA, DFSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5

 

FBS

FBS

 

FBS is a multi-award-winning Forex broker that is compatible with the MetaTrader platforms and provides its own innovative trading platform as an alternative to mainstream platforms like MetaTrader and cTrader.

FBS clients benefit from a variety of trading tools that can also be used for advanced charting and analysis. 

 

Pros and Cons of FBS:

✔️Pros Cons
Flexible account options Limited product offering
Suitable for copy trading EU clients have limited benefits
Compatible with MetaTrader platforms
Plenty of promotions and bonuses

 

Minimum Account Features of FBS:

Minimum deposit $1
Maximum leverage 1:30
Account base currencies EUR, USD
Instruments Forex, Indices, Stocks, Metals, Energies, Crypto
Regulations CySEC, IFSC, FSCA, ASIC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, FBS trader, CopyTrade

 

ThinkMarkets

ThinkMarkets

ThinkMarkets is suitable for beginners and offers a great selection of educational and learning materials for new traders, along with demo accounts to practice on.

ThinkMarkets offers accounts with tight spreads and access to more than 1,600 markets, as well as a swap-free account and there are 2 unique accounts to choose from.

 

Pros and Cons of ThinkMarkets:

✔️Pros ❌Cons
Great research tools No US clients
Zero-commission account Penalty fee charged for inactivity
No minimum deposit required

 

Minimum Account Features of ThinkMarkets:

Minimum deposit $0
Maximum leverage 1:400
Account base currencies ZAR, AUD, NZD, USD, EUR, GBP, SGD, CAD, CHF
Instruments Forex, Crypto, Indices, Commodities, Shares, Metals
Regulations FSCAFCAASICBMA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, ThinkTrader

 

RoboForex

RoboForex

 

RoboForex was founded in 2009 as a CFD and Forex broker based in Belize, and is regulated by CySEC and IFSC.

RoboForex provides 5 trading accounts that are designed to accommodate all styles of trading, and each account can be used as a demo account before making any commitments.

For traders of the Muslim faith, RoboForex gives the option to use an Islamic account in accordance with Sharia law.

Accounts can be activated with as little as $10, which will give clients access to a variety of trading tools and features, and global markets across several different asset classes.

RoboForex has an exciting selection of promotional offers, including welcome bonuses, profit share bonuses and classic bonuses.

RoboForex also offers its clients cash rebates, VIP services, Free VPS servers and the opportunity to participate in contests.

 

Pros and Cons of RoboForex

✔️Pros Cons
Flexible account types Not regulated by ASIC or FCA
Great affiliate program USA clients not accepted
Excellent variety of educational content
Negative Balance Protection
Free VPS server

 

Minimum Account Features of RoboForex:

Minimum deposit $10
Maximum leverage 1:2000
Account base currencies USD, EUR, RUB, CNY, GOLD, BTC
Instruments Forex, Indices, Stocks, Metals, Commodities, ETFs
Regulations IFSC, FSC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5, cTrader, R Stocks Trader

 

LCG

LCG_London Capital Group

 

LCG offers its clients can access more than 7,000 international markets and there is an abundance of educational resources on the website.

LCG provides a variety of trading tools, such as price alerts, technical indicators and advanced analysis features provided by MetaTrader 4 and the proprietary LCG Trader platforms.

 

Pros and Cons of LCG:

✔️Pros Cons
More than 7,000 tradable instruments Limited account types
Regulated by CySEC and FCA Clients from several countries cannot use this broker
Educational resources provided Inactivity fee
Multilingual website

 

Minimum Account Features of LCG:

Minimum deposit $0
Maximum leverage 1:30
Account base currencies USD, EUR, GBP
Instruments Forex, Indices, Commodities, Shares, Bonds, Spot Metals, ETFs, Vanilla Options
Regulations FCA, CySEC
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, LCG Trader

 

CMC Markets

CMC Markets

 

CMC Markets offers some of the best-rated educational content in the industry and has a multi-asset portfolio that can be used with its proprietary platform and a variety of innovative trading tools.

To help clients make more informed decisions, CMC Markets offers morning updates, weekly outlooks and insightful charts.

CMC Markets’ clients can choose from 3 accounts and have access to over 11,000 markets in total.

 

Pros and Cons of CMC Markets:

✔️Pros ❌Cons
More than 300 Forex pairs USD cannot be used on Spread Betting account
Tight spreads on all accounts Penalty fees for inactivity
Comprehensive educational library

 

Minimum Account Features of CMC Markets:

Minimum deposit $0
Maximum leverage 1:30
Account base currencies GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD
Instruments Forex, Indices, Crypto, Commodities, Shares, Treasuries, ETFs
Regulations FCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, CMC Markets Next Generation app

 

FxPro

FxPro

 

FxPro is suitable for Forex and CFD trading and is compatible with major platforms, such as cTrader, MetaTrader and the FxPro proprietary platform.

FxPro holds more than 90 awards and offers over 2,000 instruments and the mobile app provides live news updates and flexible payment methods.

 

Pros and Cons of FxPro:

✔️Pros ❌Cons
Highly regulated Only 1 account type offered
8 Base currencies Inactivity fee charged
Supports Copy trading and Social trading

 

Minimum Account Features of FxPro:

Minimum deposit $100
Maximum leverage 1:200
Account base currencies EUR, USD, GBP, CHF, PLN, AUD, JPY, ZAR
Instruments Forex, Metals, Indices, Shares, Energies, Crypto
Regulations FCA, CySEC, FSCA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms

 

ETX Capital

ETX Capital

 

Founded in 1965, ETX Capital is a London-based CFD and Forex broker and is regulated by CySEC and FCA.

ETX Capital offers one live account that can be used to access global markets and trader over 5,000 CFDs and a variety of Forex pairs, Commodities, Shares, Indices and Cryptocurrencies.

ETX Capital has a reliable customer support team that is available 24/7 via live chat, email and telephone.

 

Pros and Cons of ETX Capital:

✔️Pros Cons
Withdrawals and deposits are free Only 3 base currencies for accounts
Great selection of educational resources Limited account info on website
5,000 Stock CFDs to choose from
Interactive and customizable charts

 

Minimum Account Features of ETX Capital:

Minimum deposit $100
Maximum leverage 1:30
Account base currencies GBP, USD, EUR
Instruments Forex, Indices, Shares, Commodities, Crypto
Regulations FCA, FSCA
Swap-free accounts No
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms ETX TraderPro, MT4

 

OANDA

OANDA

 

OANDA is a regulated Forex broker that offers tight spreads and the option to automate trading strategies.

This broker is compatible with MetaTrader 4 but OANDA also offers its own proprietary trading platform with a variety of innovative tools and features.

OANDA offers a unique order book and clients can use it to view market sentiments in real-time.

 

Pros and Cons of OANDA

✔️Pros Cons
Highly regulated with a good reputation Regulation differs from one jurisdiction to the next
High-volume traders can use the Active Trader account  Trading conditions depend on the jurisdiction
No minimum deposit Customer support is not 24/7
Negative Balance protection

 

Minimum Account Features of OANDA:

Minimum deposit $0
Maximum leverage 1:50
Account base currencies EUR, USD, GBP, AUD, CAD, CHF, HKD, JPY, SGD
Instruments Forex, Commodities, Bonds, Indices, Metals,
Regulations ASIC, FCA, IIROC, MFS, FIBO, BVIFSC, NFA and MAS.
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms OANDA trade, OANDA API, MT4

 

Tickmill

Tickmill

 

At Tickmill, beginners can use the educational resources provided to learn how to trade, and clients receive daily Forex news updates, Technical and Fundamental analyses, and market insights.

Tickmill traders have access to a variety of trading tools and features, including Autochartist, Myfxbook, VPS, economic calendars, advanced Forex calculators and Pelican trading features.

 

Pros and Cons of Tickmill:

✔️Pros Cons
Negative Balance Protection Not available to US clients
Access to Autochartist and FIX API Fixed spread accounts not available
Zero-commission trading No cryptocurrencies
Highly regulated
Flexible account options

 

Minimum Account Features of Tickmill:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies EUR, GBP, USD
Instruments Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs, Forex, Commodities
Regulations FCA, FSCS, FSA, CYSEC, MiFID, ESMA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  Yes
Platforms MT4, MT5

 

BDSwiss

BDSwiss

BDSwiss is a popular Forex and CFD broker that is suitable for beginners and offers 4 unique accounts with competitive trading conditions.

The BDSwiss learning centre can be used with a demo account to learn how to trade and the customer support centre offers easy solutions to the most common issues.

BDSwiss also offers live education with a daily market analysis update and multi-lingual support that can be reached via multiple channels.

 

Pros and Cons of BDSwiss:

✔️Pros Cons
Daily market analysis updates Not available to US and Canadian clients
Trading academy for beginners No fixed spread accounts
Highly regulated broker
151 deposit methods

 

Minimum Account Features of BDSwiss:

Minimum deposit $100
Maximum leverage 1:500
Account base currencies GBP, EUR, USD
Instruments Forex, Commodities, Shares, Indices, Cryptocurrencies
Regulations CySEC, FSC, BaFIN, FSA
Swap-free accounts Yes
Demo accounts Yes
VIP, Referral Program or Active Trader  No
Platforms MT4, MT5, BDSwiss proprietary app

 

Conclusion

The type of broker you choose to trade with depends entirely on your trading strategy, availability of funds, the instruments you prefer to trade and your level of experience.

Most experienced traders tend to prefer NDD brokers because they offer tighter spreads which are beneficial for high-volume traders and larger lots.

Another advantage of trading with these types of brokers is that orders are executed within the nanoseconds from the server-side, compared to a Dealing Desk Market Maker.

However, traders new to the scene shouldn’t be scared off, as that’s not the purpose of this review and many of the 30 Best NDD Forex Brokers in this review offer educational material to prepare you for the big markets.