Non Dealing Desk (NDD) is a variation of the Market Maker (MM) model, the only difference being the absence of the broker’s intervention in making transactions, so that all transactions should occur without re-quotes. Usually, NDD brokers are either STP or ECN technology providers that overall getting more and more common to set-up the progressive technology. This ensures the immediate execution of orders. NDD broker must provide fully automatic translation of quotes and execution of orders. Choosing the best broker is crucial for a profitable and successful trading experience. In this section we list the Best NDD Forex Brokers.
Trade360 offers customers an independent trading platform where you can trade CFDs and Forex products. Coining the term CrowdTrading, Trade360 is owned by ST Services LTD (Reg. No. 83416) and is recognized as the operators previously behind MPF Global Markets LTD. Nowadays, Trade360 supports the trading of commodities, currencies, indices, ETFs, and stocks in the form of contracts-for-difference. This broker offers highly competitive trading conditions in online trading.
Demo: Yes \ Crypto: No \ Social: Yes \ Leverage: 1:400 \ Scalping: No \ Hedging: Yes \ Deposit: $/€/£ - 500
Orbex broker is an organization that provides services in the field of online trading in the foreign exchange market and trading in CFD contracts. The broker has Cypriot registration and has been operating since 2011. The scope of the company is in the provision of loans, investment analysis, financial research and client asset management.
Demo: Yes \ Crypto: No \ Social: No \ Leverage: 1:500 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 500
DeltaStock was established in Bulgaria, in 1998, during which time the company’s clients were private individuals, companies and representing brokers from more than 50 countries. During its existence, the broker was able to achieve significant results, one of which is the creation of its own trading platform DeltaTrading 6. The company has a license to carry out its activities, twenty-four hours of support by phone, email and live chat.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:200 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100
Forex broker OANDA is an active participant in financial markets. The company stands out among traditional forex dealers, because in addition to providing customers with access to the foreign exchange market, it is also a market maker. Due to this, as well as a well-deserved reputation for over 20 years, the OANDA broker is very popular among traders around the world. The company is primarily focused on providing brokerage services to users from Europe, USA, Australia and Japan. This is a broker known to experienced traders.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:50 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 1
ActivTrades is an international brokerage company focused on investors from France, Italy, Spain, Germany and other European countries. The broker advertises himself on the positive side, talking about transparency, a complete lack of commissions, a wide selection of tools, a low spread, the provision of advisers and round-the-clock support in 13 different languages. The company is regulated by the Financial Conduct Authority (FCA).
Demo: Yes \ Crypto: No \ Social: No \ Leverage: 1:400 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100
In 2006, the FxPro broker was founded and serves more than one million customers from 170 countries from around the world. During this time, the company managed to build a positive image and reputation. The broker serves private and institutional clients. FxPro is a broker that conducts transparent work and takes care of maintaining the capital of its customers. That is why, all deposits of FxPro clients are insured and located separately from the company's funds in leading international banks.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:500 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 500
LMFX states that it allows customers to «trade everything everywhere» offering Equity CFDs and Forex markets on its site across 7 platforms. This site is secure and with client segregated accounts they emphasise this aspect of the site, although the absence of a license is something of a concern. Trading with tight spreads is another positive feature, while the range of bonuses and promotions on offer will be certain to attract interest. Let’s dive deeper and see whether LMFX really is a legitimate venue for Forex trading.
Demo: Yes \ Crypto: No \ Social: No \ Leverage: 1:1000 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 50
NAGA ever since its inception, in 2015, has been all about making the world of trading, investing and managing financial assets open and much easier for everyone. Regulated by CySEC, you will find a safe and reliable platform with many advanced features and tools compared to other platforms. An interesting addition to their portfolio of financial products is NAGA Group, a Fintech group trading on Frankfurt Stock Exchange. They use the NAGA Coin within the NAGA Wallet and NAGA Ecosystem.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:300 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100
How to Choose the Best Broker?
Here we have provided a list of NDD Forex Brokers 2020 with all the significant comparison factors that will help you choose a reliable broker for trading. Moreover, depending on trading skills, different traders prefer different brokers. If you are a beginner who is trying to improve his technique, then characteristics such as reliability and a user-friendly interface are exactly what you need to look for. More advanced traders should also pay attention to good bonuses or intuitive platforms. To choose the most profitable platform and broker, make sure in each review of the broker and highlight the following features:
- Impeccable reputation. When it comes to the best brokers and platforms, reputation is everything. Our site exists to provide you with updated information about the best brokers who deserve your trust;
- Excellent reliability. This factor consists of 2 required things. First, the broker must be officially licensed by the authority of the state in which it is located. Secondly, a reliable broker is obliged to provide protection that covers both financial activities and personal data;
- Functional customer service. Brokers are not just websites, but platforms on which a lot of money is put. That is why customer service is mandatory, and the best brokers offer it around the clock and in several languages;
- Intuitive platform. Make sure that the tools used by the broker are simple and understandable so that you do not need to spend time understanding how they work;
- Good bonus system. Many recently created and fraudulent brokers choose a strategy to attract attention to the platform, offering incredibly huge bonuses. In some cases, this can be a trap. Not all brokers are as good and relevant as their bonus system. Just make sure the other features are in order. However, bonuses of brokerage companies have been and remain one of the most attractive parts of trading;
- Special amenities. Along with bonuses, there are some other additional amenities that you should look for as well. These include a personal account manager, an educational center for beginners, the ability to trade multiple assets, and so on.
Our goal is to provide information and brokerage reviews to help you make the right and deliberate choice. Be sure and consider our helpful tips to choose the best brokerage name on the list.