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Our 2 top picks for no-dealing-desk (NDD) execution
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

Pepperstone
Editor's pick- Top-tier liquidity with frequent 0.0 pip spreads
- Exceptional platform choice including TradingView and cTrader
- Award-winning 24/5 customer support

Tickmill
Editor's pick- Ultra-low commissions at $2/lot roundturn
- No restrictions on scalping or EAs
- FCA and CySEC regulated
Why these two
Of every broker we track, these two stand out specifically for no-dealing-desk (NDD) execution — we weigh regulation and safety first, then the exact strengths that matter for this use case. Everything below is the fuller comparison and lower-weight alternatives.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What are the best no Dealing Desk (NDD) Forex Brokers in?
Top 10 No Dealing Desk (NDD) Forex Brokers
A No Dealing Desk (NDD) broker provides direct access to the interbank market without the intervention of a dealing desk. Our current ranking starts with Pepperstone where it is available, followed by Tickmill, VT Markets, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
| Broker | Withdrawal | Execution Model | Execution Speed | Commission | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 pips | $0 | 1-2 business days | NDD | Ultrafast | $3.50/lot | ASICFCA | ||
![]() | 0.0 pips (Raw) | 1.6 pips (Classic) | $100 | 1 business day | — | — | $2/lot (Raw) | FCA (UK)CySEC (Cyprus)FSA (Seychelles) | |
| 0.0 pips | $50 | 1-2 business days | NDD | Fast | $3/lot | ASICFSCA | ||
![]() | 0.0 pips (Raw) | 0.2 pips (Standard) | $1 | Instant | — | — | $3.50/lot (Raw Spread) | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
| 0.0 pips | $10 | Instant for most electronic methods | NDD | Fast | $6/lot | FSC Belize | ||
| 0.0 pips | $100 | Same day to 1 business day | NDD | Fast | $3/lot | ASICCySEC | ||
| 0.0 pips | $50 | 1-2 business days | NDD / ECN | Fast | $3/lot | ASICFSCA | ||
![]() | 1.0 pips (Premium) | 0.0 pips (Zero) | $0 | 24 hours | — | — | $3.00/lot (Zero Account) | FCA (UK)CySEC (Cyprus)DFSA (Dubai) | |
![]() | 1.3 pips (Standard) | $50 | 1-2 business days | — | — | $0 (Spread-based pricing) | FCA (UK)ASIC (Australia)CySEC (Cyprus) | |
| 0.0 pips | $50 | 1-2 business days | NDD / ECN | Fast | $3.00/lot | ASICFCA | ||
![]() | 1.3 pips (Standard) | 0.0 pips + commission (Prime/ECN) | $20 | 1-3 business days | — | — | $3.50/side (Prime) | $1/side (ECN) | FSCA (South Africa)FSC (Mauritius)FSA (Seychelles) | |
| 0.0 pips | $0 | 1 business day | NDD | Fast | $2/lot | FMAFSA | ||
![]() | 0.0 pips (Raw ECN) | 1.2 pips (Standard) | $10 | 1-2 business days | — | — | $4/lot (Raw ECN) | FCA (UK)FSC (Mauritius) | |
![]() | 0.0 pips (Raw) | 0.8 pips (Standard) | $200 | 24-48 hours | — | — | $3.50/lot (Raw Spread) | ASIC (Australia)CySEC (Cyprus)Seychelles FSA | |
![]() | 0.0 pips (ECN) | 1.5 pips (Standard) | $10 | 24 hours | — | — | $2/lot (ECN Zero) | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
![]() | 0.8 pips (Standard) | $0 | Usually same day (free for >$50) | — | — | $0 on Forex, Indices, Commodities | FCA (UK)KNF (Poland)CySEC (Cyprus) | |
![]() | 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | — | — | $3.50/lot (Raw+) | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
![]() | 0.0 pips (Pro) | $0 | 1-2 business days | — | — | $3.50/lot (Pro) | ASIC (Australia)FCA (UK)FMA (New Zealand) | |
![]() | 0.0 pips (Raw) | $100 | 1-2 business days | — | — | $3.50/lot (Raw) | ASIC (Australia)FCA (UK)SCB (Bahamas) | |
![]() | 0.0 pips (Zero) | $0 | Same day | — | — | $4.50/round turn (Zero account) | ASIC (Australia)VFSC (Vanuatu) | |
![]() | 0.0 pips (ThinkZero) | $0 | 1-2 business days | — | — | $3.50/lot (ThinkZero) | ASIC (Australia)FCA (UK)FSCA (South Africa) | |
![]() | 0.0 pips (Raw) | $0 | Same day | — | — | $3.50/lot (Raw) | ASIC (Australia)VFSC (Vanuatu) | |
![]() | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | — | — | $3/lot (ECN) | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
![]() | 0.2 pips (Raw) | $100 | 1-2 business days | — | — | $4/lot (Raw) | FCA (UK)CySEC (Cyprus)CIMA (Cayman Islands) | |
![]() | 0.0 pips (GO Plus+) | 1.1 pips (Standard) | $0 | 1-2 business days | — | — | $3.00/side (GO Plus+) | ASIC (Australia)CySEC (Cyprus)FSC (Mauritius) | |
| 0.0 pips | $200 | — | NDD | Ultrafast | $3.50/lot | FSC Mauritius | ||
| 0.0 pips | $5 | 15-20 minutes | NDD | Fast | $6/lot | IFSCCySEC | ||
![]() | 0.0 pips (Raw) | 1.0 pips (Standard) | $100 | 1-2 business days | — | — | $3/lot (Raw) | ASIC (Australia) |




























We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Pepperstone Review Summary
Pepperstone's Razor account is a classic NDD offering with raw spreads and lightning-fast execution.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening

Tickmill Review Summary
Tickmill is a multi-regulated broker with MT4, MT5, Tickmill App access, 0.0 pips (Raw) | 1.6 pips (Classic) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Ultra-low commissions at $2/lot roundturn
- No restrictions on scalping or EAs
- FCA and CySEC regulated
- Free VPS for active traders
Cons
- $100 minimum deposit
- Limited product range outside forex
- No proprietary web platform
VT Markets Review Summary
VT Markets offers a 100% deposit bonus and uses a fibre-optic network to connect to liquidity providers, ensuring ultra-low latency NDD execution.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening

Exness Review Summary
Exness is a multi-regulated broker with MT4, MT5, Exness Terminal, Exness Trade App access, 0.0 pips (Raw) | 0.2 pips (Standard) on EUR/USD, and $1 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Ultra-tight spreads from 0.0 pips
- Instant automated withdrawals 24/7
- Unlimited leverage options
- Free VPS for active traders
Cons
- No cTrader or TradingView integration
- Educational resources are relatively basic
- Not available to US clients
RoboForex Review Summary
RoboForex NDD accounts ensure direct market access with no dealer intervention, perfect for automated strategies.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening
FP Markets Review Summary
FP Markets offers a transparent NDD environment with raw pricing and no price manipulation.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening
Moneta Markets Review Summary
Moneta Markets leverages Equinix servers to provide true NDD execution speeds, minimizing slippage.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening

HFM Review Summary
HFM is a multi-regulated broker with MT4, MT5, HFM App access, 1.0 pips (Premium) | 0.0 pips (Zero) on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
- Massive variety of bonus and promotional programs (outside EU/UK)
Cons
- No proprietary desktop platform (relies on MT4/MT5)
- Account types and regulations can be confusing to navigate
- Not available to US or Canadian traders

FXCM Review Summary
FXCM is a multi-regulated broker with Trading Station, MT4, TradingView access, 1.3 pips (Standard) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 25+ years in business
- No dealing desk execution
- Strong API for algo trading
- Extensive historical data
Cons
- Spreads wider than ECN competitors
- Limited product range
- No MT5 support
Vantage Review Summary
Vantage provides excellent NDD infrastructure for serious traders.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
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July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.
The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.
All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.
Frequently Asked Questions About 10 No Dealing Desk (NDD) Forex Brokers in
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Sources & References
- Pepperstone Trading Platforms— Pepperstone
- Tickmill Accounts— Tickmill
- Exness Accounts— Exness
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Best NDD (No Dealing Desk) Brokers by Country
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Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.