Top 10 Best NDD Forex Brokers UK for 2020

Filippo Last Updated: February 2019 5 min read
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Are you looking for the best NDD Forex Brokers UK because you’d like to trade with a Non-Dealing Desk execution through a reputable UK broker?

We can help you find one.

NDD (non-dealing desk) brokers are well sought-after by forex traders. Unlike dealing desk brokers they do not attempt to make a profit by trading against you, and usually, take advantage of one or many liquidity providers to get you the best possible price to buy or sell at.

NDD brokers in the UK happen to be some of the best, combining top-quality NDD service with exceptional technology and rigorous FCA regulation. Even if you are not based in the UK, they are still worth looking into.

But, as with all things in the forex industry, not everything is as it seems. There are plenty of brokers out there, even in the UK, that claim to be NDD, or at least attempt to give off the impression that they are. In reality, not all brokers are able to pull off such a service. That’s why we made this well-thought-out list of only the most trusted NDD brokers available today.

(This post is part of the best Forex ECN and UK Forex brokers series)

table-of-contents

    Top 10 of the best NDD Forex Brokers UK for 2020

    Here are the best NDD Forex brokers in the UK.

    Open an account
    75.54% of retail investor accounts lose money

    1 FxPro

    FxPro has some of the best market execution in the entire forex industry, which is why they are first place on our list. With FxPro’s MetaTrader 4/5 account or with cTrader, traders can benefit from instant and market execution. They were also the first broker to adopt cTrader, which started a huge industry trend. FxPro is also highly regulated and in 2017 was awarded ‘Most Trusted Forex Brand UK’ by Global Brands Magazine.

    77
    Rated: Excellent
    security 94
    cost 56
    trading 67
    education 100

    Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, FSB, DFSA, CYSEC, Offshore Minimum Deposit: 100
    Open an account
    76% of retail investor accounts lose money

    2 Admiral Markets

    For a truly international forex broker, Admiral Markets is a serious contender, regulated in a number of countries around the world, aside from the FCA. With Admiral Markets, traders can benefit from a high execution speed of 4 milliseconds, low slippage and rejection rates and no restrictions on trading styles or strategies. Admiral Markets also make it clear that they provide their clients with segregated accounts and have Negative Balance Protection in place.

    75
    Rated: Excellent
    security 92
    cost 62
    trading 58
    education 100

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 200
    Open an account
    76% of retail CFD accounts lose money

    3 IG Markets

    If you are looking for an established forex broker with a wealth of experience, look no further than IG. Involved in forex since its formation in 1974, they have survived so long by remaining innovative. They also claim that if the market moves against you, they’ll ask you to re-submit instead of completing at a price you don’t want. So far, they have successfully gained 195,000 clients worldwide and have access to over 16,000 markets.

    80
    Rated: Excellent
    security 95
    cost 52
    trading 75
    education 100

    Platforms: MT4 Dekstop, MT4 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSB, DFSA Minimum Deposit: 300
    Open an account
    80% of retail investor accounts lose money

    4 XTB

    With offices in more than 10 countries, XTB is another international and highly regulated broker. XTB offers clients two platforms to trade on; xStation 5 and MT4. Though they claim their xStation 5 supports superior execution speeds, their MT4 platform operates without a dealing desk or requotes, and so would be more appropriate for those looking for an NDD broker. XTB’s service is also highly reputable receiving awards from credible organizations such as Forbes and Bloomberg.

    74
    Rated: Excellent
    security 92
    cost 55
    trading 60
    education 100

    Platforms: Mirror Trader, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 250
    Open an account
    72.88% of retail CFD accounts lose money

    5 Thinkmarkets

    Founded 2010, ThinkMarkets has rapidly risen to become one of the top NDD forex brokers operating in the UK, as well as in Australia. Traders with ThinkMarkets can benefit from their ‘fast and reliable’ execution which is powered by Equinix, the world’s largest data center. In 2017, ThinkMarkets was also the recipient of both the ‘Best Forex Trading Experience’ award and ‘Best Forex Trading Innovation’ award by the UK Forex Awards.

    76
    Rated: Excellent
    security 91
    cost 69
    trading 58
    education 100

    Platforms: Mirror Trader, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC Minimum Deposit: 250
    Open an account
    69.6% of retail investor accounts lose money

    6 AxiTrader

    For many traders, the best NDD brokers are the ones that offer ECN access and AxiTrader is known as one of the top ECN brokers out there today. Their ECN network is so great they claim that clients have the same access as financial institutions, hedge funds and even banks themselves. Such levels of access are rare and highly valuable. AxiTrader was also the recipient of the ‘Most Reliable Forex Broker’ award in the AtoZForex.com 2017 Forex Awards.

    77
    Rated: Excellent
    security 92
    cost 72
    trading 58
    education 100

    Platforms: ZuluTrade, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, FMA, DFSA Minimum Deposit: 0
    Open an account
    73.07% of retail CFD accounts lose money

    7 Equiti Capital

    Formerly known as Divisa Capital until November 2018, Equiti Capital has a strong presence across the globe with offices on every continent. Equiti Capital offers traders two account types; Executive Account or the Premiere Account. The Executive Account is specifically for new and intermediate traders and offers ECN technology, while the Premiere Account offers institutional-level pricing which is provided from 10 different tier 1 liquidity providers, which is quite impressive.

    47
    Rated: Medium
    security 47
    cost 52
    trading 37
    education 68

    Platforms: MT4 Dekstop, Proprietary Web Platform Regulations: FCA Minimum Deposit: 500
    Open an account
    61% of retail investor accounts lose money

    8 Darwinex

    If you are looking for an NDD broker that specializes in copy-trading, Darwinex is an excellent option. Darwinex promises to open and close trades on the best possible terms with orders being executed via prime brokers such as LMAX and SaxoBank. Darwinex’s copy-trading model is also a huge plus too. It allows traders to treat other traders as investment products and add them to your portfolio.

    74
    Rated: Excellent
    security 91
    cost 55
    trading 61
    education 100

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, Proprietary Desktop Platform Regulations: FCA, MIFID-ESMA Minimum Deposit: 500
    Open an account
    75% of retail investor accounts lose money

    9 eToro

    Since its formation in 2006, eToro has risen to provide a hugely popular service and become perhaps one of the most recognizable forex brands today. eToro are also a great option for those that want to trade cryptocurrency, for which they boast ‘near-immediate execution of market orders’, almost unheard of with many other crypto brokers. On top of that, eToro’s social trading features are some of the best available today.

    73
    Rated: Excellent
    security 92
    cost 56
    trading 56
    education 100

    Platforms: Proprietary Web Platform Regulations: FCA, CFTC, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 200
    Open an account
    76% of retail investor accounts lose money

    10 LCG

    LCG is perfect for those who are looking for a large number of instruments to invest in, claiming to have up to 7,000. LCG also offer clients an excellent ECN account which is available on either their LCG Trader or MT4 and offers complete transparency, anonymity and no requotes. Trades can also rest easy knowing that their funds are held safely in tier 1 banks.

    76
    Rated: Excellent
    security 91
    cost 56
    trading 65
    education 100

    Platforms: MT4 Dekstop, MT4 Web, Proprietary Web Platform Regulations: FCA, MIFID-ESMA Minimum Deposit: 0

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    Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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