A List of NDD Forex Brokers, No Dealing Desk Trading Accounts.
No Dealing Desk or NDD Forex Brokers as it is obvious from the name does not pass the clients’ orders to the Dealing Desk for execution, while the company provides a connection between two parties only. Means, the client that deals with the broker of that type get an access to an interbank market where the foreign trading is performed and positions are automatically registered as an offset. These companies are building a structure where the client’s interests are independent, while the only cost of trading will be most often a small commission per lot or a very slight markup on the spread. Most NDD companies offer variable spreads due to its technology, hence scalpers and day traders getting an easier offering. Usually, NDD brokers are either STP or ECN technology providers, and it is currently getting very common, among the companies, to set-up this technology. Thus, a demand from investors fulfilled by an access to instant rates and better pricing while using that method.