Top Straight Through Processing (STP) Brokers for 2020

We found 11 online brokers that are appropriate for Trading Stp.

Straight Through Processing (STP) Brokers Guide

STP Brokers

STP brokers use technology that deals with straight-through processing, an automated payment process, helps exchanges to transact payments faster.

It is done electronically and no manual intervention takes place.

STP was developed in London some three decades ago for equities trading.

Now it is being used in various financial services including payment processing.

It is better than the traditional payment system.

There is no dealing desk needed and orders of clients are routed straight through to liquidity providers who lock the bid/ask rate.

Liquidity providers can be counterpart investors, big banks or hedge funds. The STP brokers sometimes have an internal liquidity pool and operate with the help of liquidity providers.

STP brokers act as a connection between the clients and market. STP is different from re-processing trades or dealing desk trades.

STP Significance

If you are new to CFD and Forex trading, you may come across STP brokers, Market Maker and other related terms.

These are in reference to price quotations offered.

It is important to understand the type of trades, the tradable markets and quotes offered before choosing a broker.

Significance of STP brokers can best be understood after understanding the price quoting system of a Market Maker. So, let us first discuss this.

Market Maker

Market Maker is also known as a Dealing Desk. The quoting model offered is different from that of STP brokers. Here, the broker offers bid/ask prices instead of through a liquidity provider. The quote actually reflects the market price.

A Market Maker broker tries offsetting a client's trading position with that of another. If not, the next way is to hedge the risk with the help of a liquidity provider.

There are a few disadvantages dealing with MM brokers compared to STP brokers. The spreads are usually wider and sometimes they decline bigger positions due to lack of liquidity required for taking the risk. Requotes and slippages are common with MM.

STP Brokers Pros and Cons

There are advantages as well as disadvantages of dealing with STP brokers. Let us discuss both here:

STP Brokers Pros

With STP brokers there are rare chances of conflict of interest and spreads are tighter with them. You rarely experience slippage and requotes. Moreover, they are able to take larger trade positions as they deal with external liquidity providers.

STP Brokers Cons

Sadly, they do not entertain micro-lots. Dealing with STP Brokers means you need to have larger trading capital. More to this, the spreads with STP brokers are less consistent. The trades are expensive as commissions are charged on each order.

MM vs STP Brokers

There is no clear answer whether you choose MM brokers or STP brokers. However, if your trading capital is low and you want to go for lowest costs in placing orders, it is suggested to deal with MM brokers.

If you have a larger trading capital and can accept the commissions of each trade, STP brokers are perfect.

Lately, many brokers offer both services. They play the role of STP brokers as well as MM brokers depending on the requirements of clients.

STP Brokers Role

When the order of a client is received, STP brokers transfer the order to the bank, investment corporations, hedge fund or other liquidity providers and no intermediary is involved.

This means the STP brokers pass on the orders without filtering those and a Dealing Desk or intermediary process is completely absent in the process.

With no Dealing Desk, the STP brokers process the orders immediately, without holding for even a minute, and don't need to send re-quotes.

This process is an advantage to traders as the orders are not delayed. Investment can be made immediately after the release of any important financial news.

STP Broker Benefits

STP Brokers benefit more when there are several liquidity providers on the system. This helps to fill the client faster.

Banks are mostly used as liquidity providers as the trade can be worked out on the interbank markets.

Why STP Brokers

Most of the traders today prefer STP brokers due to the increased speed. Traders can react faster to market events. STP brokers have No Dealing Desk.

STP brokers are compensated with a speed markup obtained from banks or liquidity providers. Usually, there is no commission involved in each trade.

Most of the providers are banks on the interbank market.

The STP brokers offer fixed as well as variable spreads.

STP Brokers and Profit

The STP brokers make a profit each time its client trades using the platform. The system never works without the orders initiated by clients.

Just small markup is added to the spread while quoting. The markup is applied by a slight fractional pip.

Once the client places an order, it is passed on at the lower rate for bid and a higher rate for ask offer to the liquidity providers.

Choosing STP Brokers

Often clients opt to place their trades through STP brokers considering No Dealing Desk is applied to it and the process is comparatively more transparent.

With STP brokers the client believes they are entering a true market and not any artificial market created by any market maker. More to this, the order is placed immediately, without any delay.

There are several competitive markets and so it is a top priority to make the orders placed faster s well as better.

Apart from this, the transactions through such system are anonymous for clients due to No Dealing Desk being involved in the entire process.

STP Brokers Verdict

The technology of STP brokers is one of the best now and it is far better than any traditional process that is done manually.

Most of the local and exchanges prefer the STP system as orders are placed immediately and there is No Dealing Desk involved.

The process includes more and more liquidity providers to facilitate filling the clients faster.

Most of the clients prefer the STP brokers while trading because they believe the market with it is true and not artificial or created by a market maker.

Moreover, the transactions are kept anonymous and clients cannot be revealed with the process.

STP brokers system is one of the best discoveries of current era in the financial markets.

We've collected thousands of datapoints and written a guide to help you find the best Straight Through Processing (STP) Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best stp brokers below. You can go straight to the broker list here.

Reputable Straight Through Processing (STP) Brokers Checklist

There are a number of important factors to consider when picking an online Stp trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Stp Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Stp Brokers of 2020 compared

Here are the top Stp Brokers.

Compare Stp Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are stp brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more stp brokers that accept stp clients

Broker eToro XTB City Index Trading212 Roboforex FP Markets Pepperstone FXPrimus IG OctaFX NordFX
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Min Deposit 200 No minimum deposit 25 1 1 100 200 100 200 5 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 12,000,000+ 250,000+ 14,000+ 14,000,000+ 10,000+ 10,000+ 10,000+ 10,000+ 239,000+ 30,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
xtb
Sign Up with
cityindex
Sign Up with
trading212
Sign Up with
roboforex
Sign Up with
fpmarkets
Sign Up with
pepperstone
Sign Up with
fxprimus
Sign Up with
ig
Sign Up with
octafx
Sign Up with
nordfx
Risk Warning 71% of retail investor accounts lose money when trading CFDs with this provider. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 75% of retail investor accounts lose money when trading CFDs with this provider CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Losses can exceed deposits Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits
Demo eToro
Demo
XTB
Demo
City Index
Demo
Trading 212
Demo
Roboforex
Demo
FP Markets
Demo
Pepperstone
Demo
FXPrimus
Demo
IG
Demo
OctaFX
Demo
NordFX
Demo
Excluded Countries IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, US, IN, PK, BD, NG , ID, BE US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW US US, JP US, JP, NZ BR, KR, IR, IQ, SY, JP, US AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, BE, FR, IN, IL, PL, ZW US No

All Stp brokers in more detail

You can compare Stp Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Stp Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Stp brokers below.

Straight Through Processing (STP) Brokers List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF)

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
City Index
(4/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS)
Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
IG
(4/5)
Min deposit : 200
IG was established in 1974 and is used by over 239000+ traders. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. IG offers Forex, CFDs, Spread Betting, Share dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
OctaFX
(4/5)
Min deposit : 5
OctaFX was established in 2011 and is used by over 30000+ traders. Losses can exceed deposits OctaFX offers Forex

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13