STP Forex Brokers

  1. What is STP Broker?
  2. Best STP Brokers
  3. What is STP/ECN Forex Brokers
  4. Who are True STP Brokers?
  5. 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.

🏦 SpreadLow spread from 1 pips
📊 CommissionYes/ No
🔒 SlippageNo
💰 Re-QuotesNo

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 AdvantagesSTP Trading Disadvantages
Low Bid Ask SpreadsLack of Transparency
The prices quoted are likely to be more volatileNot many Brokers provide true STP
Direct access to the interbankFixed 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
Trade com review Trade.com
Min. Deposit: $100
Max. Leverage: 1:30 | 1:300
Trading Platforms: Trade.com WebTrader, MT4, MT5
Regulation: FCA, CySEC, FSCA, FSCM
Trade.com Review
easyMarkets
Min. Deposit: $100
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, WebTrader, Mobile App
Regulation: ASIC, CySEC, FSC
easyMarkets Review
FXPRIMUS Review FXPRIMUS
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, VFSC
FXPRIMUS Review
MEX Exchange Logo MEX Exchange
Min. Deposit: US$0
Max. Leverage: 1:30
Trading Platforms: MT4
Regulation: ASIC
MEX Exchange Review
LiteForex logo LiteForex
Min. Deposit: $50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySEC, FSA
LiteForex Review
OvalX
Min. Deposit: 100 GBP
Max. Leverage: 30:1
Trading Platforms: TraderPro, MT4
Regulation: FCA
OvalX Review
Synergy FX
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC
Synergy FX Review
ACY Securities Review Logo ACY Securities
Min. Deposit: US$50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: ASIC, VFSC
ACY Securities Review
Invast Global logo Invast Global
Min. Deposit: AUD $5,000
Max. Leverage: 1:30
Trading Platforms: Iress Trader, Iress ViewPoint & Iress Pro, Bloomberg EMSX
Regulation: ASIC
Invast Global Review
FxPro Review FxPro
Min. Deposit: $100
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, cTrader, FxPro Platform
Regulation: FCA, CySEC, SCB, FSCA, FSCM
FxPro Review