Market Maker Brokers - No Dealing Desk (NDD)
Compare Market Maker brokers (NDD/No Dealing Desk). Market Makers mostly handle all trade execution themselves, usually taking your trades on their “B” book. If you are a trader who wins a lot or makes large “risky” trades (for the market maker … in case you win, they lose), the MM broker will place your orders with a Liquidity Provider (LP) on their “A” book instead. For regular traders, i.e. those making up the majority who lose on their trades, you’ll find yourself on the B book – but you’ll be dealing directly with the execution venue and will be able to hold them to account; something you cannot do with an STP (“wasn’t us, it was them, ‘guv”). Read more about broker types.
Remember the NDD brokers part means their internal dealing desk is not trading against you, by hedging all the trades you make.
As you are dealing with the end-liquidity provider, the Market Maker is setting the prices, as they are risking their own money. It means you’ll find the best deals on spreads, fixed spread accounts and rebates with Market Makers, as pure STP brokers don’t have the pricing (margin) flexibility.
Deposit is a recommendation. Spreads are the brokers’ lowest advertised prices. Leverage is the maximum offered by the brand, and may only be available “offshore” . Use the full broker comparison table to search and filter for full details on each broker, and many more. Click on All Details to view a list containing all the broker’s information. Please do report any inaccuracies to us.