No Dealing Desk Broker List


Non-Dealing Desk broker is the opposite of the prior one, Dealing Desk. This type of broker helps traders connected to the interbank market. However, the spread at NDD broker can't be fixed spread as DD, because they need to adjust it according to the price movement. Otherwise, they will ask their clients to pay off the commission per lot.


STP Broker (Straight Through Processing)

STP broker sends an order to their liquidity provider which has interbank market access. This kind of broker uses variable spread or floating spread for traders.


ECN Broker (Electronic Communication Network)

ECN broker helps their client to be straight connected to the ECN market's participants, including banks, hedge funds, brokers, even traders. ECN's clients are also possible to see the DOM (Depth of Market) from other participants. However, this broker usually asks their clients to pay off a large amount of deposit and commission.



Broker Regulation Max Leverage Min Deposit Rating
Alpari International
Mauritius
1998
FSC $5
3
FXCM
United Kingdom
1999
FCA, ASIC, AMF, FSCA 1:50 $50
3
IFC Markets
Cyprus
2006
CySEC, FSC, BVI 1:400 $1
3
PFD NZ
New Zealand
1999
FMA 1:300 $1000
24FX
Cyprus
2012
CySEC, MiFID 1:400 $250
FxPro
United Kingdom
2006
CySEC, FCA, FSCS 1:500 $500
4
ForexYard
Cyprus
2005
CySEC, MiFID 1:200 $100
Orbex
Cyprus
2010
CySEC, FSC 1:500 $200
4
Kawase
Cyprus
2011
CySEC, FCA, BaFin 1:500 $30
AlfaTrade
United Kingdom
2010
FCA 1:200 $500
Hantec Markets
United Kingdom
2008
FCA, FSCS 1:200 $1000
4
ActivTrades
United Kingdom
2001
FCA 1:30
4
InterTrader
United Kingdom
2009
GFSC 1:400
Forex Club
Russia
1997
CRFIN 1:200 $500
Gallant Capital Markets
British Virgin Islands
2008
FSA 1:400 $250
FXDD
Malta
2002
MiFID, MFSA 1:400 None
3
Juno Markets
New Zealand
2013
None 1:400 None
4
GCI Trading
Anguilla
2002
None $500
Axiory
Belize
2011
IFSC $500
AAAFx
Greece
2008
HCMC
4
Gallant FX
British Virgin Islands
2008
FSA 1:400 $250
FCMarket
Saint Vincent and the Grenadines
2007
FSC 1:1000 $500
GCI Financial
Anguilla
2002
None $500
Teletrade
Cyprus
2007
CySEC 1:200 None
LMAX Exchange
United Kingdom
2008
FCA, MiFID
4
Tallinex
Estonia
2014
None
SunBirdFX
United Kingdom
2005
FMRRC 1:200 $100
NoaFX
New Zealand
2013
None 1:499 $100
TradeKing Forex
United States
2014
None $500
KeyStock
Greece
1999
MiFID, HCMC 1:198 $1000
Capital Index
Cyprus
2014
CySEC, MiFID, FSA 1:200 $100
Capital One Forex
Canada
2012
None 1:1000 $100
Direct FX
Australia
2006
ASIC 1:195 $100
Trade24
United Kingdom
2009
None $500
Swissquote
Switzerland
1996
FINMA 1:100
4
UBCFX
Saint Vincent and the Grenadines
2018
None 1:400 $500
Zurich Prime
Marshall Islands
2007
None 1:400 High Minimum Deposits
NBHM
Cyprus
2011
CySEC 1:30 €500

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