No Dealing Desk (NDD)

NDD stands for “No Dealing Desk.” It is a type of forex broker that uses an electronic communication network (ECN) or straight-through processing (STP) system to connect traders directly with liquidity providers in the forex market, rather than acting as the counterparty to their clients’ trades.

With an NDD broker, traders can access the interbank forex market, which is a decentralized market where banks and other large financial institutions trade currencies. By connecting traders directly to the market, NDD brokers provide a transparent and fair trading environment, with no conflict of interest between the broker and their clients.

NDD brokers typically offer variable spreads, which means that the spread between the bid and ask price of a currency pair can fluctuate depending on market conditions. However, NDD brokers may charge a commission on trades, rather than marking up the spread, which can result in lower trading costs for some traders.

Overall, NDD brokers are popular among forex traders who prefer a transparent and fair trading environment, with access to deep liquidity and fast execution speeds. However, traders should be aware that not all NDD brokers are created equal, and it is important to do your research and choose a reputable broker with a strong track record of fair dealing and transparent pricing.

On this page, we list brokers and exchanges that adopt No Dealing Desk (NDD) model to provide the service.