The 6 Best NDD Forex Brokers revealed. We have explored and tested several prominent Forex brokers to identify the Top 6 Forex Broker Choice.
In this in-depth guide, you’ll learn:
- Best NDD Brokers 2025 – a List
- Low Commission NDD Brokers
- The Best No Dealing Desk Brokers for Beginners
- What is an NDD Forex Broker?
- Benefits of NDD Trading
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Best NDD Forex Brokers
🔎 Broker | 👉 Open an Account | 💱NDD Broker | 💰 Minimum Deposit |
🥇 FP Markets | 👉 Open Account | Yes | $100 / R1806 |
🥈 Pepperstone | 👉 Open Account | Yes | $0 USD / R 0 USD |
🏅 IC Markets | 👉 Open Account | Yes | $200 / 3607 ZAR |
🏅 Tickmill | 👉 Open Account | Yes | $100 / R1806 |
📌 FxPro | 👉 Open Account | Yes | $100 / R1806 |
📍 Exness | 👉 Open Account | Yes | $10 / R179 |
What is an NDD Forex Broker?
A Forex Broker acting as No Dealing Desk provides services without interrupting customer trades and maintains direct passage of buy or sell instructions to markets.
The purpose of NDD brokers is to transmit client orders straight to the market while using banks and financial institutions or other brokers as their liquidity providers.
NDD brokers establish a system that prevents price manipulation by the broker and presents clear trading conditions with both quick order execution and small price differences.
NDD brokers operate with two distinct execution models which they present to clients.
Orders processed through the STP execution model move directly to liquidity providers who demonstrate the highest possible prices.
Using an Electronic Communication Network (ECN) allows orders to find their matches directly from other market participants through an electronic system.
6 Best NDD Forex Brokers(2025)
- ☑️FP Markets – Overall, Leading Crypto Exchange for Day Trading
- ☑️Pepperstone – Best MetaTrader 5 Crypto Broker
- ☑️IC Markets – Most Cryptocurrency Pairs on Offer
- ☑️Tickmill – Good Selection of Crypto CFDs
- ☑️FxPro – Best Online Trading Experience
- ☑️Exness – High User Trust Score
1. FP Markets
The established NDD (No Dealing Desk) broker FP Markets delivers competitive trading conditions and transparent services to clients.
The competitive spreads at FP Markets begin between 0.0 and 0.0 pips through the Raw account platform and charge $6 per round turn commission.
Customers at FP Markets can trade through more than 10,000 trading products and use the MetaTrader 4, MetaTrader 5, and IRESS platforms to execute CFDs, Forex, and commodity orders.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders can invest with assurance through FP Markets because ASIC and CySEC regulate the platform.
The platform wins popularity with both novices and experienced traders because it operates at high speeds combined with diverse trading accounts.
Features
Company Information | |
📅Year Founded | 2005 |
🧑🏻💻Amount of staff | 274 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
🌎Country of regulation | Australia, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw ECN, and VIP accounts available |
💳Institutional Accounts | Yes, tailored solutions for institutional clients |
👨💼Managed Accounts | Yes, offered through third-party managed account services |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
📈Leverage | Up to 1:500 depending on the account type and instrument |
📏Margin requirements | typically 0.2% - 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/7 |
📱Customer Support email address | support@fpmarkets.com |
📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 100,000 affiliates |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Great educational tools | Limited portfolio |
Excellent customer service | Web Platform needs to be updated a bit |
Large product offering | High fee for international bank withdrawal |
Easy and quick account opening |
Our Findings
FP Markets adheres to strict regulatory standards, ensuring security and transparency for its clients, making it a popular choice among both beginner and experienced traders.
2. Pepperstone
No Dealing Desk broker Pepperstone provides professional-grade execution along with fast speed transparent pricing and clear conditions to its trading clients.
Its Razor account spreads begin at 0.0 pips together with trading commissions set at $7 per round turn which appeals to cost-effective traders.
Authors who choose Pepperstone can access three trading platforms MetaTrader 4, MetaTrader 5, as well as cTrader which provide powerful analysis and automation tools.
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The broker operates under ASIC as well as FCA and CySEC guidelines to establish a safeguarded trading platform.
Pepperstone stands out as a top selection for traders who want dependable customer assistance together with adaptable account setups because of its trustworthy service.
Features
Company Information | |
📅Year Founded | 2010 |
🧑🏻💻Amount of staff | Over 500 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA (UK), ASIC (Australia) |
🌎Country of regulation | UK, Australia |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | 8 |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.0 pips |
💸Commissions | Variable, based on account type and trading volume |
💱Number of base currencies supported | 7 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 500:1 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes, |
💻Demo Account | Yes |
⌛Order Execution Time | 30-60 milliseconds |
📆VPS Hosting | Yes, for clients who meet the criteria |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | TradingView, Autochartist, Myfxbook |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@pepperstone.com |
📞Customer Support Contact Number | +44 (0) 203 695 5811 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, |
🗣️Languages supported on Website | English, Chinese, Arabic, German, Spanish, Portuguese, Italian |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading guides, eBooks, market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | No |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
Free withdrawals and deposits | Limited product portfolio of CFD, Forex and Crypto |
Great customer service | No fundamental data |
Low minimum deposit | The quality of its news feeds is poor |
Low Forex fees | No investor protection for non-EU clients |
No Minimum deposit |
Our Findings
Pepperstone is a leading international forex trading company characterized by capped competitive spreads, speed, and high flexibility, as well as an optimized choice of trading tools.
3. IC Markets
IC Markets stands as a well-known NDD (No Dealing Desk) broker that provides traders with straight market access without price manipulation or requotes.
IC Markets attracts traders who perform scalping activities and high-frequency trading through its exceptional Raw Spread account which offers 0.0 pips spread combined with $6 per round turn commission fees.
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Through its Equinix NY4 server, IC Markets delivers rapid trade execution to its users who can access the available platforms MetaTrader 4, MetaTrader,5, and cTrader.
A secure trading environment exists at IC Markets because the brokerage is authorized by ASIC, CySEC, and FSA.
IC Markets stands as an exceptional broker in the forex industry because of its transparent practices combined with varied trading assets and skilled customer support.
Features
🔎Broker | IC Markets |
Company Information | |
📅Year Founded | 2007 |
🧑🏻💻Amount of staff | Over 200 |
👩💻Amount of active traders | Over 180,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
🌎Country of regulation | Australia, Cyprus, Seychelles |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD |
💰Minimum Deposit | $200 / 3607 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | None for most methods |
📊Spreads from | 0.0 pips on Raw Spread accounts |
💸Commissions | $3.50 per lot per side on Raw Spread accounts |
💱Number of base currencies supported | 10 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 500:1 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Average 40 milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 2300 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets WebTrader |
👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
🖥️Forex trading tools | Autochartist, Trading Central, ZuluTrade, Myfxbook, Advanced charting tools |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@icmarkets.com |
📞Customer Support Contact Number | +61 2 8014 4280 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️Languages supported on Website | English, Chinese, Spanish, Italian, French, more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Video tutorials, Articles, Webinars, Market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | No |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
Low Forex fees | No negative balance protection |
Easy and fast account opening | Only Forex, crypto and CFD trading |
Free deposit and withdrawal | |
Low minimum deposit |
Our Findings
IC Markets is regulated by top-tier financial authorities, ensuring high security and trust. The broker is also praised for its transparency in pricing and low fees.
4. Tickmill
The NDD provider Tickmill stands as a reliable broker that offers outstanding trading features through Pro and VIP plan spreads which begin at zero pips.
Current round-turn commission costs of $4 make Tickmill a preferred choice among scalping and professional trading professionals because of its affordable structure.
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5, Tickmill Trader
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Brokers operate at high speeds and use MetaTrader 4 as well as allowing smooth trading philosophies.
The trading environment at Tickmill stands secure and transparent because the broker obtains oversight from FCA CySEC and FSCA.
Forex traders from across the globe select Tickmill because its platform is easy to use while fees remain low and client satisfaction is a top priority.
Features
Company Information | |
📅Year Founded | 2014 |
🧑🏻💻Amount of staff | 441 |
👩💻Amount of active traders | Over 400 000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
🌎Country of regulation | Seychelles, UK, Cyprus, Malaysia, South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Plus account and Raw account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, ZAR |
💰Minimum Deposit | $100 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.0 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | 4 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes, for an additional fee |
Trading Instruments | |
🧾CFDs-Total Offered | Over 725 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@tickmill.com |
📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 17 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 9000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Tickmill Accept South African Traders? | Yes |
Is Tickmill regulated by the South African regulatory body (FSCA)? | Yes |
Does Tickmill offer an Affiliate Program for South African Traders? | Yes |
Does Tickmill allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Low spreads | Limited asset selection |
Multi-jurisdiction regulation | No cryptocurrencies |
Excellent Education | No US clients |
Our Findings
Tickmill allows any strategy to trade through their platform, so if you have your technique, they will gladly accept your plan.
5. FxPro
FxPro stands as a well-known broker operating as an NDD (No Dealing Desk) firm that offers transparent markets along with cost-effective rates.
FxPro enables trading with more than 260 instruments like forex CFDs and commodities and it provides spreads from 0.1 pips.
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The diverse client base from all experience levels can choose between MetaTrader 4 MetaTrader 5 and cTrader on the FxPro platform.
The broker FxPro operates under the oversight of authorized financial bodies including the FCA, CySEC, and FSCA to provide traders with a secure trading platform.
Traders who need professional-grade services should consider FxPro because it provides both no-dealing desks speedy execution times and adaptable account functions.
Features
Company Information | |
Company Name | FxPro |
🏢 Company Information | FxPro Group Limited |
📅 Year Founded | 2006 |
👩💼👨💼 Current CEO | Charalambos Psimolophitis |
👩💼👨💼 Founder/s | Denis Sukhotin |
👥 Amount of staff | Over 200 employees |
👨💻 Amount of active traders | Over 1.8 million |
📈 Publicly Traded (Listed Company) | No |
🇬🇧 Regulation and Security | Strong regulatory oversight |
🇬🇧 Regulation | FCA, CySEC, FSCA |
🇬🇧 Country of regulation | UK, Cyprus, South Africa |
💼 Account Segregation | Yes, funds are segregated |
🚫 Negative balance protection | Yes |
🔐 Two-step Authentication | Available |
🛡️ Investor Protection Schemes | Yes, under regulatory authorities |
📋 Account Types and Features | Standard, MT4, MT5, and cTrader accounts |
🏦 Institutional Accounts | Yes |
📊 Managed Accounts | No |
💱 Minor account currencies | USD, EUR, GBP, ZAR |
💰 Minimum Deposit | $100 / 1700 ZAR |
📊 Trading Conditions | Competitive spreads, fast execution |
⏳ Average deposit/withdrawal processing time | 1-2 business days |
💵 Fund Withdrawal Fee | No fees on most methods |
📉 Spreads from | 0.0 pips |
💸 Commissions | On cTrader accounts (from $4.5) |
🌍 Number of base currencies supported | 7 |
📈 Swap Fees | Yes, applicable on overnight trades |
📈 Leverage | Up to 1:500 |
📊 Margin requirements | 2% |
🌙 Islamic account (swap-free) | Yes |
🎓 Demo Account | Yes, unlimited |
⏱️ Order Execution Time | < 11ms |
☁️ VPS Hosting | Available for high-frequency traders |
🌍 Global Offices | UK, Cyprus, Bahamas, Dubai |
👆 One-Click Trading | Yes |
🤖 Expert Advisors | Supported on MT4/MT5 |
📊 Trading Instruments | Forex, Stocks, Indices, Metals, Energy |
📊 CFDs-Total Offered | Over 2000 instruments |
📈 CFD Stock Indices | Yes, major global indices |
🛢️ CFD Commodities | Yes, energy and metals |
📉 CFD Shares | Yes, large selection |
👀 Watch list | Customizable |
🔔 Trade Alerts | Yes |
📈 Trading Stocks with GP | Yes |
📊 Trading Indices with GP | Yes |
🛠️ Swap on trading board | Yes |
💳 Deposits and Withdrawals | Credit/Debit cards, Bank Wire, PayPal, Skrill, Neteller |
💳 Deposit Options | Multiple methods supported |
💸 Withdrawal Options | Same as deposit methods |
🎁 Welcome Bonus | No |
💻 Trading Platforms and Tools | MT4, MT5, cTrader, FxPro Edge |
🚦 Stop-loss Instrument | Yes |
🛡️ Investor Protection Schemes | Yes, under regulatory bodies |
🖥️ OS Compatibility | Windows, macOS, iOS, Android |
🔧 Forex trading tools | Yes, extensive |
💬 Customer Support | 24/5 support available |
💬 Live chat availability | Yes, 24/5 |
📧 Customer Support Email address | support@fxpro.com |
📞 Customer Support Contact Number | +44 (0) 203 151 5550 |
🌐 Languages supported on FxPro Website | 18 languages |
📚 Educational Resources and Support | Webinars, articles, video tutorials |
👍 Beginners Trader friendly UX | Yes |
📚 Forex course | Yes, basic to advanced |
🖥️ Webinars | Yes |
📖 Educational Resources | Yes, rich library |
🤝 Partnerships and Programs | Yes |
🤝 Affiliate program? | Yes |
🤝 Amount of partners | 10,000+ |
📈 IB Program | Yes |
⚽ Do they sponsor any notable events or teams? | Yes, McLaren F1 team |
💰 Rebate program | Yes, for IBs |
🗨️ Community Forum | No |
📱 Social Media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
🌐 Official Website address | FxPro |
📘 Official Facebook Page | FxPro |
🐦 Official Twitter Page | FxPro |
📺 Official YouTube Channel | FxPro |
🔗 Official Linkedin Page | FxPro |
📸 Official Instagram Page | FxProGlobal |
🇿🇦 Regulatory Status in South Africa | FSCA regulated |
🇿🇦 Accept South Africa Traders? | Yes |
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)? | Yes |
🤝 Does FxPro offer an Affiliate Program for South African Traders? | Yes |
💱 Does FxPro allow accounts to be opened in ZAR / Rands? | Yes |
🚀 Open Account | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Great customer service | Temperamental website |
Quick transactions | Minimum transaction size |
Access to multiple trading platforms |
Our Findings
FxPro has a good reputation for forex trading and the financial tools it offers, and it focuses on its customers, making it one of the best in the world.
6. Exness
Exness operates as one of the leading NDD (No Dealing Desk) brokers which provides trading customers with minimal costs together with excellent trading platform features.
The Raw Spread and Zero accounts from Exness deliver 0.0 pipelines and allow traders to use up to 1:2000 leverage which adapts to different trading approaches and risk tolerance levels.
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Both MetaTrader 4 and MetaTrader 5 represent industry-standard platforms that enable trading via fast execution and without requotes through the Exness broker.
Under the supervision of FSCA, CySEC, and FCA authorities Exness provides a protected and clear trading platform to traders.
The broker appeals to traders globally thanks to its easy-to-use platform and different trading accounts combined with non-stop customer assistance and an intuitive interface.
Features
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | Over 2,100 |
👩💻Amount of active traders | Over 320,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | EUR/USD & USD/JPY |
💰Minimum Deposit | $10 / R179 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.3 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | +40 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@exness.com |
📞Customer Support Contact Number | +35725030959 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | 15 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 64 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
South African Trader Specific Information | |
Does Exness Accept South African Traders? | Yes |
Is Exness regulated by the South African regulatory body (FSCA)? | Yes |
Does Exness offer an Affiliate Program for South African Traders? | Yes |
Does Exness allow opening trading accounts in ZAR (South African Rand)? | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
Traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
Our Findings
Exness is a popular trading broker, offering many accounts catering to different trading needs. Their customer service is one of the best among a wide range of brokers.
NDD Forex Brokers
Conclusion
When you trade through an ECN, there can be an actual human being on the other side (winning or losing) of any specific trade that you make.
With STPs and retail foreign exchange companies, you are trading against banks and brokers.
If you decide to trade through an NDD broker and would like to choose the right broker for you OR you are already a trading broker who would like to see what NDD brokers are in the market, then this list is for you.
You might also like: Best ECN Forex Brokers
You might also like: Best High Leverage Forex Brokers
You might also like: Best STP Forex Brokers
You might also like: Best CFD Brokers and Trading Platforms
You might also like: Best Forex Brokers with Volatility 75 Index
Frequently Asked Questions
Who are the best NDD Forex Brokers?
Here is a comprehensive list and info on the 6 Best NDD brokers.
What is an NDD broker?
No Dealing Desk brokers – you enter the foreign exchange market directly without having to
go through a dealing desk.
What types of NDD brokers are there?
STP (Straight-through processing) & ECN (Electronic Communications) brokers.
What are the commodities that the NDD broker trades in?
It can be stocks, indices, binary options, CFDs, ETFs, or cryptocurrencies.
Is AvaTrade an NDD broker?
No, AvaTrade is a Market Maker.
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