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|
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|
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 2022
- BlackBull Markets – Best Lowest Spread STP Broker 2022
- FP Markets – Best MT4 STP Broker 2022
- Pepperstone– Best for Beginners STP Broker 2022
- BDSwiss – Best EA Trading STP Broker 2022
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:
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, TickTrader
Regulation: FCA, CySEC, ASIC
Min. Deposit: $5,000
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT Pro
Regulation: FCA, CIMA
|ATC Brokers Review|
Min. Deposit: US$100
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, cTrader, Skilling Trader
Regulation: CySEC, FSA
Min. Deposit: $100
Max. Leverage: 1:30 | 1:500
Trading Platforms: OREX, MT4
Regulation: SCA, FCA, SFC
|ADS Securities Review|
Min. Deposit: $0
Max. Leverage: 1:1000
Trading Platforms: MT4. MT5, Social Trading
Regulation: FSC BVI, SECC
|GKFX Prime Review|
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