All Share (J203) = 88 568
Rand / Dollar = 18.57
Rand / Pound = 23.38
Rand / Euro = 19.38
Gold (usd/oz) = 2 935.99
Platinum (usd/oz) = 973.86
Brent (usd/barrel) = 76.57
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

6 Best NDD Forex Brokers

Best NDD Forex Brokers - Main Banner

 

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

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Best NDD Forex Brokers

🔎 Broker👉 Open an Account💱NDD Broker💰 Minimum Deposit
🥇 FP Markets👉 Open AccountYes$100 / R1806
🥈 Pepperstone👉 Open AccountYes$0 USD / R 0 USD
🏅 IC Markets👉 Open AccountYes$200 / 3607 ZAR
🏅 Tickmill👉 Open AccountYes$100 / R1806
📌 FxPro👉 Open AccountYes$100 / R1806
📍 Exness👉 Open AccountYes$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)

  1. ☑️FP Markets – Overall, Leading Crypto Exchange for Day Trading
  2. ☑️Pepperstone – Best MetaTrader 5 Crypto Broker
  3. ☑️IC Markets – Most Cryptocurrency Pairs on Offer
  4. ☑️Tickmill – Good Selection of Crypto CFDs
  5. ☑️FxPro – Best Online Trading Experience
  6. ☑️Exness – High User Trust Score

 

1. FP Markets

FPMarkets Review

 

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 Founded2005
🧑🏻‍💻Amount of staff274
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, CySEC, FSCA, FSA, FSC, CMA
🌎Country of regulationAustralia, Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw ECN, and VIP accounts available
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal FeeGenerally no fees for withdrawals; may vary based on method
📊Spreads fromSpreads start from 0.0 pips on Raw ECN accounts
💸CommissionsFrom $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supportedOver 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap FeesSwap fees apply; may vary depending on the position and account type
📈LeverageUp to 1:500 depending on the account type and instrument
📏Margin requirementstypically 0.2% - 1%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically 40-50 milliseconds on Raw ECN accounts
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,000 CFDs across various asset classes
🗠CFD Stock IndicesYes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD CommoditiesYes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD SharesYes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal OptionsBank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/7
📱Customer Support email addresssupport@fpmarkets.com
📞Customer Support Contact Number+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 100,000 affiliates
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

FP Markets NDD Forex Brokers

 

Pros and Cons

✅Pros❌Cons
Great educational toolsLimited portfolio
Excellent customer serviceWeb Platform needs to be updated a bit
Large product offeringHigh 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

Pepperstone Review South Africa

 

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 Founded2010
🧑🏻‍💻Amount of staffOver 500
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA (UK),
ASIC (Australia)
🌎Country of regulationUK,
Australia
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes,
through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currencies8
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.0 pips
💸CommissionsVariable,
based on account type and trading volume
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 500:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes,
💻Demo AccountYes
⌛Order Execution Time30-60 milliseconds
📆VPS HostingYes, for clients who meet the criteria
Trading Instruments
🧾CFDs-Total OfferedOver 1200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards, PayPal,
Skrill,
Neteller
💵Withdrawal OptionsBank Transfer,
Credit/Debit Cards, PayPal,
Skrill,
Neteller
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
🖥️Forex trading toolsTradingView, Autochartist,
Myfxbook
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@pepperstone.com
📞Customer Support Contact Number+44 (0) 203 695 5811
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
🗣️Languages supported on WebsiteEnglish,
Chinese,
Arabic,
German,
Spanish,
Portuguese,
Italian
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading guides,
eBooks,
market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

Pepperstone NDD Forex Brokers

 

Pros and Cons

✅Pros❌Cons
Free withdrawals and depositsLimited product portfolio of CFD, Forex and Crypto
Great customer serviceNo fundamental data
Low minimum depositThe quality of its news feeds is poor
Low Forex feesNo 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 Review

 

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

🔎BrokerIC Markets
Company Information
📅Year Founded2007
🧑🏻‍💻Amount of staffOver 200
👩‍💻Amount of active tradersOver 180,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC (Australia),
CySEC (Cyprus),
FSA (Seychelles)
🌎Country of regulationAustralia,
Cyprus,
Seychelles
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR,
GBP,
AUD,
CAD,
CHF,
JPY,
NZD,
SGD,
HKD
💰Minimum Deposit$200 / 3607 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNone for most methods
📊Spreads from0.0 pips on Raw Spread accounts
💸Commissions$3.50 per lot per side on Raw Spread accounts
💱Number of base currencies supported10
🚀Swap FeesApplicable
📈LeverageUp to 500:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeAverage 40 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 2300
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
UnionPay,
others
💵Withdrawal OptionsBank Transfer, Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
UnionPay,
others
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader,
IC Markets WebTrader
👩‍💻OS CompatibilityWeb-based
(All major browsers), Windows,
macOS,
iOS,
Android
🖥️Forex trading toolsAutochartist,
Trading Central,
ZuluTrade,
Myfxbook,
Advanced charting tools
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@icmarkets.com
📞Customer Support Contact Number+61 2 8014 4280
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🗣️Languages supported on WebsiteEnglish,
Chinese,
Spanish,
Italian,
French,
more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesVideo tutorials,
Articles, Webinars,
Market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

IC Markets NDD Broker

 

Pros and Cons

✅Pros❌Cons
Low Forex feesNo negative balance protection
Easy and fast account openingOnly 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

Tickmill Review

 

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 Founded2014
🧑🏻‍💻Amount of staff441
👩‍💻Amount of active tradersOver 400 000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, FCA, CySEC, Labuan FSA, FSCA
🌎Country of regulationSeychelles, UK, Cyprus, Malaysia, South Africa
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPlus account and Raw account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, ZAR
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.0 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported4
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:1000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes, for an additional fee
Trading Instruments
🧾CFDs-Total OfferedOver 725
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
💵Withdrawal OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@tickmill.com
📞Customer Support Contact NumberSouth Africa: +278 7250 0696
International: +852 5808 7849
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website17 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners9000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
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 AccountOpen Account

 

Tickmill NDD Broker

Pros and Cons

✅Pros❌Cons
Low spreadsLimited asset selection
Multi-jurisdiction regulationNo cryptocurrencies
Excellent EducationNo 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 Review

 

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 NameFxPro
🏢 Company InformationFxPro Group Limited
📅 Year Founded 2006
👩‍💼👨‍💼 Current CEOCharalambos Psimolophitis
👩‍💼👨‍💼 Founder/sDenis Sukhotin
👥 Amount of staffOver 200 employees
👨‍💻 Amount of active tradersOver 1.8 million
📈 Publicly Traded (Listed Company)No
🇬🇧 Regulation and SecurityStrong regulatory oversight
🇬🇧 RegulationFCA, CySEC, FSCA
🇬🇧 Country of regulationUK, Cyprus, South Africa
💼 Account SegregationYes, funds are segregated
🚫 Negative balance protectionYes
🔐 Two-step AuthenticationAvailable
🛡️ Investor Protection SchemesYes, under regulatory authorities
📋 Account Types and FeaturesStandard, MT4, MT5, and cTrader accounts
🏦 Institutional AccountsYes
📊 Managed AccountsNo
💱 Minor account currenciesUSD, EUR, GBP, ZAR
💰 Minimum Deposit$100 / 1700 ZAR
📊 Trading ConditionsCompetitive spreads, fast execution
⏳ Average deposit/withdrawal processing time1-2 business days
💵 Fund Withdrawal FeeNo fees on most methods
📉 Spreads from0.0 pips
💸 CommissionsOn cTrader accounts (from $4.5)
🌍 Number of base currencies supported7
📈 Swap FeesYes, applicable on overnight trades
📈 LeverageUp to 1:500
📊 Margin requirements2%
🌙 Islamic account (swap-free)Yes
🎓 Demo AccountYes, unlimited
⏱️ Order Execution Time< 11ms
☁️ VPS HostingAvailable for high-frequency traders
🌍 Global OfficesUK, Cyprus, Bahamas, Dubai
👆 One-Click TradingYes
🤖 Expert AdvisorsSupported on MT4/MT5
📊 Trading InstrumentsForex, Stocks, Indices, Metals, Energy
📊 CFDs-Total OfferedOver 2000 instruments
📈 CFD Stock IndicesYes, major global indices
🛢️ CFD CommoditiesYes, energy and metals
📉 CFD SharesYes, large selection
👀 Watch listCustomizable
🔔 Trade AlertsYes
📈 Trading Stocks with GPYes
📊 Trading Indices with GPYes
🛠️ Swap on trading boardYes
💳 Deposits and WithdrawalsCredit/Debit cards, Bank Wire, PayPal, Skrill, Neteller
💳 Deposit OptionsMultiple methods supported
💸 Withdrawal OptionsSame as deposit methods
🎁 Welcome BonusNo
💻 Trading Platforms and ToolsMT4, MT5, cTrader, FxPro Edge
🚦 Stop-loss InstrumentYes
🛡️ Investor Protection SchemesYes, under regulatory bodies
🖥️ OS CompatibilityWindows, macOS, iOS, Android
🔧 Forex trading toolsYes, extensive
💬 Customer Support24/5 support available
💬 Live chat availabilityYes, 24/5
📧 Customer Support Email addresssupport@fxpro.com
📞 Customer Support Contact Number+44 (0) 203 151 5550
🌐 Languages supported on FxPro Website18 languages
📚 Educational Resources and SupportWebinars, articles, video tutorials
👍 Beginners Trader friendly UXYes
📚 Forex courseYes, basic to advanced
🖥️ WebinarsYes
📖 Educational ResourcesYes, rich library
🤝 Partnerships and ProgramsYes
🤝 Affiliate program?Yes
🤝 Amount of partners10,000+
📈 IB ProgramYes
⚽ Do they sponsor any notable events or teams?Yes, McLaren F1 team
💰 Rebate programYes, for IBs
🗨️ Community ForumNo
📱 Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🌐 Official Website addressFxPro
📘 Official Facebook PageFxPro
🐦 Official Twitter PageFxPro
📺 Official YouTube ChannelFxPro
🔗 Official Linkedin PageFxPro
📸 Official Instagram PageFxProGlobal
🇿🇦 Regulatory Status in South AfricaFSCA 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 AccountOpen Account

 

FxPro NDD Broker

Pros and Cons

✅Pros❌Cons
Great customer serviceTemperamental 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

Review 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

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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 Founded2008
🧑🏻‍💻Amount of staffOver 2,100
👩‍💻Amount of active tradersOver 320,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw Spread, Standard Cent, Zero, Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEUR/USD & USD/JPY
💰Minimum Deposit$10 / R179
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.3 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported+40
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies
(Bitcoin, Ethereum, etc.)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
Exness Trade
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@exness.com
📞Customer Support Contact Number+35725030959
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website15 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners64 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
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 AccountOpen Account

 

Exness NDD Broker

 

Pros and Cons

✅ Pros❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutionsThere is a limited portfolio of financial instruments offered
Traders can choose between several retail investor accountsExness 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

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.

4.9/5 - (21 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 16, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

Accordion Content

🏆 Top 4 Brokers

Account Minimum

$100

Pairs Offered

55+

Account Minimum

$1

Pairs Offered

240+

Account Minimum

$100

Pairs Offered

70+

Account Minimum

$0

Pairs Offered

50+

AvaTrade-Logo

Account Minimum

$15

Exclusive to SAShares Clients

Account Minimum

$1

Account Minimum

$100

Account Minimum

$0