Brokers Forex Non Dealing Desk – Lista de Brokers (NDD)

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Top 10 Best ECN STP Forex Brokers List 2020 (Non Dealing Desk)

Over the years we have often noted that there is great confusion about the orders execution models used by forex brokers.

ECN… STP … DMA … Dealing or Non Dealing Desk… Market Maker…

Understanding all the differences is not that easy, especially for the beginner.

With our Top 10 list (also specifically for UK and Australia), we have tried to simplify things a little bit.

The ECN brokers (Electronic Communication Network), the STP (Straight Through Processing) and DMA (Direct Market Access) can be grouped in the great family of NDD brokers, No Dealing Desk, opposed to the Market Maker brokers, which have a dealing desk.

Many users search for true ECN STP brokers because they don’t want the broker to be the counterpart of their orders. In other words, they do not want to have conflicts of interest where the broker might “hope” for your losses, that for them would mean gains, since they are the counterpart.

From our experience, when people search for the best ECN STP brokers, in essence they are looking for a Non Dealing Desk broker, without really knowing what the difference between what ECN and STP are.

With an STP ECN broker you’re choosing a broker that will not be the counterpart of your orders, but that will simply work to find another counterpart to satisfy it. Basically, an ECN STP broker will not be interested in the success (or failure) of your operations, but they will only act as an intermediary in order to satisfy them.

Among the various execution models, the differences perceived, on the user side, actually are really low, especially for those who simply want to do forex trading with no particular operational needs.

However, the major point of any NDD broker is certainly the spread. This is usually lower (sometimes even zero) than the Market Maker one, and often has the ability to operate at extreme speed, even in scalping mode.

Los mejores corredores de opciones binarias 2020:
  • Binarium
    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

Compare No Dealing Desk Brokers

For our no dealing desk comparison, we found 16 brokers that are suitable and accept traders from Russian Federation.

We found 16 broker accounts (out of 147) that are suitable for No Dealing Desk.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About XTB

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

75% of retail investor accounts lose money when trading CFDs with this provider.

Read our in-depth XTB review

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Forex.com

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

69% of retail investor accounts lose money when trading CFDs with this provider

Axitrader

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Axitrader

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68.5% 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.

eToro

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About eToro

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

City Index

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About City Index

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

72% of retail investor accounts lose money when trading CFDs with this provider

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About GKFX

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

81.75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Read our in-depth GKFX review

ThinkMarkets

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About ThinkMarkets

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Losses can exceed deposits

Admiral Markets

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Admiral Markets

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

83% of retail investor accounts lose money when trading CFDs with this provider

ForexTime

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About ForexTime

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% 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.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

No Dealing Desk

Forex Brokers can offer either Dealing Desk or No Dealing Desk execution models.

Brokers offering a dealing desk are also acting as market makers; they generally create their own liquidity, setting the bid and ask price themselves and taking the opposite side of a client’s trade.

Brokers operating No Dealing Desk (NDD) execution, rather than taking the opposite position of the trade themselves, use external liquidity providers offering variable spreads. Trades are executed electronically at the best price available in the market.

In a highly-competitive forex trading market, forex brokers usually highlight that they provide transparent and fair execution as part of their service to their clients. However, providing their forex service through their own proprietary trading or dealing desk means that their clients get their prices direct from the forex broker, not from the forex interbank market, which is composed of the top global currency liquidity providers.

Dealing with the forex broker’s own dealing desk can give rise to various conflicts of interest, which may result in price manipulation. This can be especially true during fast market moves, like when pertinent data is released, or during anticipated and/or surprise geopolitical events (e.g. the UK EU membership referendum – Brexit, where the event was anticipated, but the result was a big surprise, hence the big market move in GBP/USD rates, from 1.50 to 1.30, June 23rd, 2020).

To address this issue, most regulated forex brokers now offer No Dealing Desk execution, where traders are given access to various liquidity providers, like global banks, prime brokers, and other forex market players. As there is no markup added, No Dealing Desk execution should result in lower spreads being offered. With the No Dealing Desk execution option, price manipulation is eliminated, as orders are invisible to the liquidity providers and are processed automatically.

Different types of No Dealing Desk broker models

Either Straight Through Processing (STP) or STP with an Electronic Communication Network (ECN) are offered by brokers operating the NDD model. Where brokers are just offering STP, all positions are transferred to liquidity providers. Where an ECN is in place, the orders can interact with other orders on the network until a match is found. In both cases, the broker itself does not act as the market maker and everything from placing a trade to its execution is done electronically without manual intervention. Trades are matched automatically and instantaneously. STP/ECN brokers usually charge a small transactional commission, but will not alter the spread.

Pros and cons

No dealing desk brokers offer the following advantages;

No re-quotes – positions are generally executed instantly.

Positive & Negative Slippage – Unlike dealing desk brokers who pass on only negative slippage, no dealing desk brokers pass on negative and positive slippage, thus balancing the negative impact of slippage over time.

No conflict of interest – The potential for conflict of interest is removed when trading with genuine STP/ECN Brokers as they are making their money through a predefined commission. Dealing desk brokers, however, make money from the losses of their clients; therefore they have been known to become involved in stop loss hunting, spread widening and other such negative tactics.

Automatic processing – dealing desk brokers can be overwhelmed as they are required to manually approve each trade, which can be a large drain on their resources.

Some traders still prefer to use the dealing desk model, however, because of the fixed spreads.

Brokers that offer No Dealing Desk

Brokers such as XM and FXCM offer a No Dealing Desk trading environment. Furthermore, as they are regulated by the FCA, and authorised to provide regulated products and services, they are bound by stringent regulations that provide some protection for clients and their funds. A list of regulated online brokers can be found here.

Why Choose XTB
For No Dealing Desk?

XTB scored best in our review of the top brokers for no dealing desk, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:

  • 16+ years in business
  • Offers 1,500+ instruments
  • A range of platform inc. MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.20pips
  • Used by 230,000+ traders.
  • Offers demo account
  • 3 languages

XTB offers three ways to tradeForex, CFDs, Social Trading. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

XTB have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 16

Brokers Forex Non Dealing Desk – Lista de Brokers (NDD)

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Los mejores corredores de opciones binarias 2020:
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    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

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