What is STP forex broker?

STP is Straight Through Processing. STP Brokers are sending traders' orders directly to the market without dealing desk intervention (or NDD) means straight to the liquidity providers the market is consistent with and the ones particular broker cooperating with. Typically, the broker has many liquidity providers that are either banks or larger brokers generating its own bid and ask price. However, it’s still an option to execute through one liquidity provider, as some brokers practicing that in a result bringing deeper liquidity pool

What are the benefits of trading with STP forex brokers?

The STP execution also means there is no re-quote or delay in filling orders, as the technology executes in extreme speed, sorts quotes among the offering and filling orders at the best available price just adding-on small fixed markup usually 1 pip to the quote. Most often, the STP type brings variable spreads due to the changing bid/ ask prices, yet at a very competitive spread value usually lower than Market Makers. However, one of the advantages among STP execution is that the broker never makes profits on clients' losses since the company gains its net from a number of executed orders and is more interested in the trading sizes.

Is FXTM a STP forex broker?

Yes, FXTM is not a STP forex broker. It is an ECN technology provider that is getting more and more common to set-up the progressive technology. Demand from investors fulfilled by access to instant rates and better pricing while you should stay caution to the true nature of the broker

Is FP Markets a STP forex broker?

Yes, FP Markets is not a STP forex broker. It is an ECN technology provider that is getting more and more common to set-up the progressive technology. Demand from investors fulfilled by access to instant rates and better pricing while you should stay caution to the true nature of the broker

Is XM a STP forex broker?

Yes, XM is a STP forex broker as it is a STP technology provider that is getting more and more common to set-up the progressive technology. Demand from investors fulfilled by access to instant rates and better pricing while you should stay caution to the true nature of the broker

STP Forex Brokers

What is STP Broker?
Best STP Brokers
What is STP/ECN Forex Brokers
Who are True STP Brokers?
STP Forex Brokers List

What is STP Broker?

STP (Straight-Through Processing) Brokers are brokers that route traders’ orders directly to the market without dealing desk intervention (Check Non Dealing desk brokers) meaning straight to the liquidity providers the market is consistent with and the ones particular broker cooperating with.

Typically, an STP broker has many liquidity providers, either bank, hedge funds, or larger brokers generating their own bid and ask price. However, it’s still an option to execute through one liquidity provider, as some brokers practice that as a result brings a deeper liquidity pool. Read more about STP via Wikipedia.

🏦 Spread	Low spread from 1 pips
📊 Commission	Yes/ No
🔒 Slippage	No
💰 Re-Quotes	No

What is STP Platform?

STP platform is a trading platform provided by the broker that performs an STP execution where orders are sent directly to the liquidity providers (banks, hedge funds, etc.).

Read some points regarding the STP execution model that we marked, also we marked some of the advantages and disadvantages of STP:

The STP execution means there is no re-quote or delay in filling orders, as the technology executes at extreme speed, sorts quotes among the offering, and fills orders at the best available price
Most often, the STP Broker offer variable spreads due to the changing bid/ ask prices, yet at a competitive spread value usually lower than Market Makers. Where STP brokers adding-on small fixed markup typically 1 pip to the quote representing trading fee since the company gains its net from a number of executed orders and is more interested in the trading sizes.

STP Trading Advantages	STP Trading Disadvantages
Low Bid Ask Spreads	Lack of Transparency
The prices quoted are likely to be more volatile	Not many Brokers provide true STP
Direct access to the interbank	Fixed Spread is not available
Floating Spread

Top 5 Best STP Forex Brokers

Here is the selection of Best STP Brokers by category consisting of Regulated Brokers with some of the best STP trading conditions, low costs, and risks based on our expert findings:

HFM – Best Overall STP Broker 2024
BlackBull Markets – Best Lowest Spread STP Broker 2024
FP Markets – Best MT4 STP Broker 2024
Eightcap – Best for Beginners STP Broker 2024
BDSwiss – Best EA Trading STP Broker 2024

What is STP/ECN Forex Brokers?

STP describes a trading platform with Straight to Process execution without dealer intervention, where ECN is a technology bridge to send orders to the market (Check best ECN brokers).

Who are True STP Brokers?

Only Regulated brokers are constantly overseen in all stages of operation and can guarantee true STP Trading environment and deliver fair dealing conditions. See TriumphFX broker.

What is the Difference Between STP and NDD Forex Broker?

The execution is different, while NDD is generally not using dealers to fill trading orders, the STP sends requests directly to the market. The difference might be in the spread and filling of orders, however, is very alike.

Which one is better ECN or STP?

We can’t really say which is a better option since it solely depends on your trading needs. ECNs typically are considered more transparent since they route orders to the interbank market, whereas STP brokers can route orders to any of their liquidity providers such as banks or interbank exchanges. However, STP brokers are more likely to find the best bid and ask price in the market due to the vast options.

STP Forex Brokers List

Here a list we made consisting of Best Brokers with STP trading execution and quality trading conditions:

Broker	Detail
FXTB	Min. Deposit: 250 EUR Max. Leverage: 1:30 Trading Platforms: WebTrader, MT4 Regulation: CySEC	FXTB Review
CPT Markets UK	Min. Deposit: $100 Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4, MT5 Regulation: FCA, FSCA, FSC	CPT Markets UK Review
Libertex	Min. Deposit: $10 Max. Leverage: 1:30 Trading Platforms: Libertex WebTrader, MT4 Regulation: CySEC	Libertex Review
KAB	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, KAB HK/China Securities Trading Platform Regulation: CySEC	KAB Review
Advanced Markets	Min. Deposit: $100 Max. Leverage: 1:30 \| 1:100 Trading Platforms: MT4, DMAhub, Fortex 5 & 6 Regulation: FCA, AFSL	Advanced Markets Review
FXDD	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FXDD WebTrader Regulation: MFSA, FSC	FXDD Review
Forex.com	Min. Deposit: US$100 Max. Leverage: 1:40 \| 1:50 Trading Platforms: MT4, MT5, FOREX.com Platforms Regulation: FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA	Forex.com Review
Key to Markets	Min. Deposit: 100 US$ Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4 Regulation: FCA, FSC	Key to Markets Review
BP PRIME	Min. Deposit: $5,000 Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4 Regulation: FCA, FSA	BP PRIME Review
TMGM	Min. Deposit: US$100 Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4, MT5, IRESS Regulation: ASIC, FMA, VFSC	TMGM Review

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