Best No Dealing Desk Brokers Guide
Updated January 18, 2022
No Dealing Desk Brokers
Let us understand what exactly the term No Dealing Desk means.
When a trader or investor is considering opening a Forex trading account, one of the first things that they may look for is a good Forex broker. After all, the Forex market is very large and any good broker will be able to help a trader achieve his or her goals. Forex brokers come in different types, each type offering different services and advantages. A trader may also have specific requirements in order to be able to trade in the Forex market. No matter what type of Forex trader you are, there is a Forex broker out there that can help you meet your trading goals.
These types of brokers are often referred to as 'no deal desk makers'. Because traders have the ability to enter and exit the market at any given moment, these brokers are perfect for those who like to do their own market research. These brokers offer direct access to the market participants without passing through their own trading desk. With real No Dealers Day brokers there are no rebates on orders and no extra pausing during order completion.
FX day trading service brokers make money by providing traders with access to the Forex markets. These Forex brokers will allow traders to enter and exit trades with minimal intervention. Some use automated systems while others let traders place orders themselves through a personal computer. These brokers make money by charging per trade, which means that they profit from every successful trade.
The NDD is a trading platform or software that offers customers unfiltered and direct trading with the interbank rates.
In such an arrangement the Forex brokers who provide such access have no conflict of interest. They get the prices directly from the interbank market and not from the brokers.
Here, NDD brokers earn by pre-defining their fee or commission.
How Does A Dealing Desk Work?
The traditional way of how the dealing desk work is that brokers and banks that deal with cash transactions usually have their own desk that is manned by one or two brokers. This allows them to get all the work done faster and easier, saving them time and reducing the risk of errors. However, with the ever increasing number of computers and the internet, this desk model is now outdated and no longer works for these kinds of transactions. For these types of transactions, a software program is needed. The following are some advantages of using a trading software or a dealing desk.
No Dealers desk software can work in many different ways, and it is very important that the right software is selected for each type of desk. There are software programs that deal with stock dealing, futures trading, and options trading, among others. These are more complicated programs and require more thorough attention to detail and more advanced programming skills. Traders should make sure that they get the right software, which will allow them to make better decisions and carry out more trades at the same time.
Dealers and traders may be more interested in knowing more about the actual function of the software, rather than learning how the program actually works. This is especially true for those who are not familiar with computers or the internet. These people can use online tutorials that show them how the software works. They can also learn from other traders on the web. A trading tutorial is very important for those who are starting to trade or improve their knowledge of the trading market.
Dealers and traders who want to work online should consider investing in a dealer desk that has internet access. Online software will make it easier for them to do things such as order placement and check availability. Some software also allows them to transfer money from one customer to another without using their bank account. This is beneficial if a trader wants to pay for something off his computer rather than transfer it to a bank. Traders should be able to find a software package that fits their trading style. The best package will be customized to meet the specific needs of the trader.
What Is A Dealing Desk Broker?
By definition, a trading desk broker is a sort of financial broker who is taking the other side of a client's trades, from their side by entering the buy and sell orders, fixing the ask and bid prices and then waiting for a client who may be set up to place an order. In other words, a dealing desk performs the function of a go between, taking a slice of the client's profits for themselves. While this is more or less the definition of the modern day Forex trading, let us look deeper into the workings of a trading desk broker.
Now, that we have defined these two types of Forex trading brokerage firms, lets look at how and where to find the best one. As we said earlier, there are many Forex brokers out there to choose from. Some are available through online trading platforms, while others are found offline. Since they each have their own advantages and disadvantages, it is important to research them carefully before making a decision on which broker to use. A good starting point for comparison table when evaluating different brokers is to look at the website for the Better Business Bureau.
Now that you know what a Forex broker is and how it works, it is time to learn more about the different types of Forex brokers. One type that is particularly useful and very popular among traders is the full-service broker. These brokers will handle all aspects of a trade, starting from entry and exit points of a trade to notification of different types of events pertaining to the trade. They also offer support for multiple accounts, which allows the trader to trade across different types of financial markets.
What Does No Dealing Desk Mean?
A desk broker is a salesperson who works for a middleman between the seller and the buyer. Desk brokers are well versed in finding a good deal for their customers because they deal in thousands of deals every day. But what does no dealing desk mean? It means that the desk broker does not carry inventory, receive payment, or process credit cards.
As the seller, you can choose to go with a no dealing desk service to handle your telephone calls, inventory requests, and to even get paid by the customer directly. This lets you focus on other parts of the business. When it comes to the quality of the customer service, you will likely be better off dealing with a third party. Most sellers prefer this arrangement because they are less likely to be cheated or ripped off.
What are No Dealing Desk Brokers
Dealing Desk brokers are like market makers.
They set bid and ask price, create their own liquidity and also take the opposite side of a trade.
While the No Dealing Desk brokers do not create their own liquidity but use external liquidity providers such as the global banks and the prime brokers, which come up with variable spreads.
Under such circumstances, trades are electronically executed at best market price and not at the brokers' price.
In Dealing Desk brokers conflicts of interest could arise resulting in price manipulation, probably more when the market movement is fast like during some surprise geopolitical events or release of pertinent data.
One of the best examples is the UK EU referendum event, Brexit.
NDD brokers overcome such situations and offer traders access to liquidity providers.
They eliminate price manipulation and everything is processed automatically.
Models of NDD Brokers
In the NDD brokers model, clients are offered Either Straight Through Processing (STP) with an Electronic Communication Network (ECN).
STP is offered by the brokers while the ECN remains in place in which two orders interact to find a match.
All the trades are done electronically here and brokers cannot act as a market maker. They are only allowed to charge a small fee from the spread.
NDD Advantages and Disadvantages
There is no time for re-quotes in the NDD system as positions are executed instantly.
NDD brokers pass both negative as well as positive slippage while in the Dealing Desk option brokers passes only negative slippage.
There is no conflict of interest in the No Dealing Desk brokers arrangement as fee or commission is per- defined.
Market Making Brokers
You may come across market making brokers while searching for No Dealing Desk brokers.
They try to stand between you and the interbank market, claiming trades will be fast and efficient.
As they tend to keep the entire spread, they benefit from it. If they are not offering prices far away from that of the interbank rates, a direct conflict of interest may not take place, but usually the opposite happens.
However, many such brokers are now under heavy regulation if their business model is poorly implemented or managed the regulators will quickly put them out of business.The choice is yours whether to opt for NDD brokers or Dealing Desk brokers.
There are pros and cons with both and which to choose will depend largely on your trading strategy. Just make sure your NDD broker is heavily regulated.
What does No Dealing Desk (NDD) Mean?
When traders talk of No Dealing Desk or NDD for short, they are referring to a Forex trading platform offered by Forex brokers.
No Dealing Desk brokers offer access to interbank foreign exchange currency market rates. Interbank refers to transactions arranged between banks.
No Dealing Desk brokers offer STP (Straight Through Processing) execution on Forex trading.
Brokers that support No Dealing Desks remove the middle man and allow traders to trade directly with interbank rates. Traders who use a No Dealing Desk broker are assured that their Forex broker has no conflict of interest as they are dealing directly with interbank rates.
What are Dealing Desk Brokers?
On the other hand, brokers that do offer a dealing desk are market makers. This means Dealing Desk brokers are trading against the customer setting the bid and ask price.
Trading with market market brokers does have its benefits. Market maker (dealing desk) brokers are thought to be quicker and more efficient.
Traders who trade with dealing desk brokers should know that a dealing desk broker buys financial instruments with the aim of making a profit as well as facilitating trades for retail traders. This can be seen as a conflict of interest. There is a chance with some less regulated Dealing Desk brokers that a traders ask or bid price may be manipulated so that the dealing desk broker can capitalise and profit on the trade. This can not happen with No Dealing Desk brokers.
Types Of No Dealing Desk (NDD) Brokers Explained
No Deal Desk brokers offer STP and ECN.
- Best Straight Through Processing (STP) Brokers
- Best Electronic Communication Network (ECN)CN Brokers
No Dealing Desk Broker Benefits
When dealing with NDD brokers, there is no buy or sell price alteration as trades are executed through automatic electronic transaction by the NDD broker.
Pros and Cons of Trading With A No Dealing Desk
Trading with a No Dealing Desk broker has its benefits for traders on very active financial markets. No Dealing Desk (NDD) brokers offer a fair and transparent trading environment allowing the open and honest execution of Forex market trades all over the world.
Most well regulated Forex brokers offer NDD (No Dealing Desk) when executing buy and sell trading orders. No middleman costs are added as traders are dealing direct with interbank rates calculated in miliseconds.
This results in No Dealing Desk trades offering lower Forex spreads.
Please note that your No Dealing Desk broker may ask for a commission or exchange fee. Because you are dealing directly interbank your broker needs to charge otherwise they would recieve nothing for facilitating the transaction.
No Dealing Desk trades are executed instantly interbank. This is great as this is a automated transparent process but this also means that you cannot re-quote your trade.
No Dealing Desk brokers allow both positive and negative slippage. Having both negative and positive slippage evens out the negative slippage. A Dealing Desk market maker broker only has negative slippage.
We've collected thousands of datapoints and written a guide to help you find the best No Dealing Desk Brokers for you. We hope that this information assists you in locating a reliable and reputable broker who meets your online trading requirements. We have compiled a list of what we consider the best no dealing desk brokers below.
Reputable No Dealing Desk Brokers Checklist
There are a number of important factors to consider when picking an online No Dealing Desk trading brokerage.
- Check your No Dealing Desk broker has a history of at least 2 years.
- Check your No Dealing Desk broker has a reasonable sized customer support of at least 15.
- Does the No Dealing Desk broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your No Dealing Desk broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your No Dealing Desk broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your No Dealing Desk can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering No Dealing Desk Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below No Dealing Desk Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 No Dealing Desk Brokers of 2022 compared
Here are the top No Dealing Desk Brokers.
Compare No Dealing Desk Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are no dealing desk brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more no dealing desk brokers that accept no dealing desk clients
| Broker |
eToro
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IC Markets
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XTB
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Roboforex
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FP Markets
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Pepperstone
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Trading212
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Admiral
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NordFX
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FXPro
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Axitrader
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| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Min Deposit | 10 | 200 | No minimum deposit | 1 | 100 | 200 | 1 | 200 | 1 | 100 | No minimum deposit |
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| Used By | 20,000,000+ | 180,000+ | 250,000+ | 10,000+ | 10,000+ | 89,000+ | 15,000,000+ | 10,000+ | 10,000+ | 1,866,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with roboforex |
Sign
Up with fpmarkets |
Sign
Up with pepperstone |
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Up with trading212 |
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Up with admiralmarkets |
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Up with nordfx |
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Up with fxpro |
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Up with axitrader |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
| Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
Roboforex Demo |
FP Markets Demo |
Pepperstone Demo |
Trading 212 Demo |
Admiral Markets Demo |
NordFX Demo |
FxPro Demo |
Axitrader Demo |
| Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE, AU | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US, CA | US, CA, JP, SG, MY, JM, IR, TR | No | US, CA, IR | US, JP |
eToro Risk Disclosure
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
All No dealing desk brokers in more detail
You can compare No Dealing Desk Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top No Dealing Desk Brokers for 2022 article further below. You can see it now by clicking here
We have listed top No dealing desk brokers below.
No Dealing Desk Brokers Table of Contents
- No Dealing Desk Brokers Explained
- 6 Factors to Consider when Choosing No Dealing Desk Brokers
- Are Your No Dealing Desk Brokers Trusted And Established?
- Are The No Dealing Desk Brokers World Leading?
- What are the No Dealing Desk Brokers Commissions and Fees?
- What are the No Dealing Desk Brokers Funding and Withdrawl Methods?
- Find No Dealing Desk Brokers with Round-the-clock support?
- Make sure the No Dealing Desk Brokers Offer Comprehensive Trader resources?
- Why No Dealing Desk Brokers needs to be regulated?
- No Dealing Desk Brokers FAQ
- What are the best No dealing desk brokers?
- What is the best No dealing d broker?
- Related No Dealing Desk Brokers Reviews
- Related No Dealing Desk Brokers Alternatives
- Related No Dealing Desk Brokers Comparisons
No Dealing Desk Brokers Explained
Trading the financial markets with No Dealing Desk Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for No Dealing Desk Brokers is the platform that a No Dealing Desk Brokers offer.
Choose No Dealing Desk Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need No Dealing Desk Brokers that you can rely on.
6 Factors to Consider when Choosing No Dealing Desk Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your No Dealing Desk Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated No Dealing Desk broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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IC Markets
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Year Established | 2007 | 2007 | 2002 | 2009 | 2005 | 2010 |
| Head Office | Cyprus, UK | Australia | Poland | Cyprus | Australia | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 |
| Used By | 20,000,000+ | 180,000+ | 250,000+ | 10,000+ | 10,000+ | 89,000+ |
| Negative balance protection | Yes | Yes | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit Roboforex | Visit FP Markets | Visit Pepperstone |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Are The No Dealing Desk Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the eToro platform enables access to a variety of financial markets worldwide. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for No Dealing Desk Brokers is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Instruments Available | 2000 | 232 | 4000 | 100 | 100 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | ZA, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP,US |
| Forex pairs offered | 50 | 65 | 57 | 35 | 60 | 70 |
| Forex pairs offered | 50 | 65 | 57 | 35 | 60 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 31 | 19 | 21 | 21 | 18 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | No | Yes | Yes |
| Agricultural | Yes | Yes | Yes | No | Yes | No |
| Stocks Offered | 2042 | 110 | 1696 | 0 | 10000 | 60 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No |
What are the No Dealing Desk Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated No Dealing Desk broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 10.
Another top rated No Dealing Desk broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
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IC Markets
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Min Deposit | 10 | 200 | 0 | 1 | 100 | 200 |
| Withdrawl Fees | Yes | No | varies | Yes | No | No |
| Inactivity Fees | Yes | No | Yes | No | No | Yes |
| Deposit Fees | No | Varies | No | No | Yes | No |
| CFD Commission Fees | Yes | Yes | Yes | No | Yes | Yes |
What are the No Dealing Desk Brokers Funding and Withdrawal Methods?
When dealing with No Dealing Desk Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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IC Markets
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | No | Yes | Yes |
| Skrill | Yes | Yes | Yes | No | Yes | Yes |
| Payoneer | No | No | Yes | Yes | No | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find No Dealing Desk Brokers with Round-the-clock support?
Customer service is very important when dealing with No Dealing Desk Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
No Dealing Desk Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
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eToro
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IC Markets
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XTB
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Roboforex
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FP Markets
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Pepperstone
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| Languages | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit Roboforex | Visit FP Markets | Visit Pepperstone |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Make sure the No Dealing Desk Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why No Dealing Desk Brokers needs to be regulated?
A regulated No Dealing Desk broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
No Dealing Desk brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
No Dealing Desk Brokers List
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
