10 Best No Dealing Desk (NDD) Forex Brokers in 2026

An NDD broker routes your orders directly to liquidity providers with no dealing desk intervention. Get unfiltered access to market prices.

Marcus Thompson

Written by

Marcus Thompson

Sarah Chen

Fact Checked by

Sarah Chen

Last reviewed:
By:Marcus Thompson
Fact-checked by:Sarah Chen

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. This type of broker routes clients’ orders directly to liquidity providers such as banks and financial institutions. The primary advantage is the elimination of potential conflicts of interest, as NDD brokers do not trade against their clients.

What is an NDD broker?

An NDD (No Dealing Desk) broker routes orders directly to the market/liquidity providers without taking the other side of the trade.

NDD Features

Core features of No Dealing Desk brokers.

Broker
RoboForexNDD0.0 pips
BlackBullNDD0.0 pips
StarTraderNDD / ECN0.0 pips
VantageNDD / ECN0.0 pips
Moneta MarketsNDD / ECN0.0 pips
PepperstoneNDD0.0 pips
IC TradingNDD0.0 pips
FP MarketsNDD0.0 pips
FBSNDD0.0 pips
VT MarketsNDD0.0 pips

Detailed Broker Analysis

StarTrader logo
StarTrader
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Recommended
High leverage NDD.
5.0/5App Score

StarTrader offers NDD execution with high leverage and copy trading features.

Forex spread classLow
Minimum deposit$50
Inactivity feeNo
Currency pairs80+
Deposit methodsVarious
Withdrawal fee$0
Recommended
Solid NDD choice.
4.8/5App Score

Vantage provides excellent NDD infrastructure for serious traders.

Forex spread classLow
Minimum deposit$50
Inactivity feeNo
Currency pairs40+
Deposit methodsVarious
Withdrawal fee$0
RoboForex logo
RoboForex
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Recommended
Prime NDD Execution
4.5/5App Score

RoboForex NDD accounts ensure direct market access with no dealer intervention, perfect for automated strategies.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
Moneta Markets logo
Moneta Markets
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Recommended
Ultra-Fast NDD
4.5/5App Score

Moneta Markets leverages Equinix servers to provide true NDD execution speeds, minimizing slippage.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
BlackBull logo
BlackBull
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Recommended
Institutional Grade NDD
4.5/5App Score

BlackBull Markets connects you directly to liquidity providers in New York, offering institutional-grade NDD conditions.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
Pepperstone logo
Pepperstone
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Recommended
Razor NDD
4.5/5App Score

Pepperstone's Razor account is a classic NDD offering with raw spreads and lightning-fast execution.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
IC Trading logo
IC Trading
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Recommended
High Volume NDD
4.5/5App Score

IC Trading is built for volume, offering deep liquidity and NDD execution that can handle large order sizes.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
FP Markets logo
FP Markets
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Recommended
Transparent NDD
4.5/5App Score

FP Markets offers a transparent NDD environment with raw pricing and no price manipulation.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
Recommended
STP NDD
4.5/5App Score

FBS uses STP technology to route orders directly to the market, ensuring NDD execution reliability.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
VT Markets logo
VT Markets
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Recommended
Fibre-Optic NDD
4.5/5App Score

VT Markets uses a fibre-optic network to connect to liquidity providers, ensuring ultra-low latency NDD execution.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable

Frequently Asked Questions

An NDD (No Dealing Desk) broker routes orders directly to the market/liquidity providers without taking the other side of the trade.

For transparency and avoiding conflict of interest, yes. Market Makers can profit from your losses, whereas NDD brokers strictly charge commission/spread.

Yes, NDD spreads fluctuate with market conditions because they come directly from liquidity providers.

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Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026