We found 11 online brokers that are appropriate for Trading Stp.
STP brokers use technology that deals with straight-through processing, an automated payment process, which 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 the market. STP is different from re-processing trades or dealing desk trades.
Retail traders require the aid of forex brokers to get direct market access and swap currencies. It is no surprise that the forex market is a lucrative aspect of the financial industry, where traders use CFDs and leverages to turn a profit. Many traders and investors can make a significant amount of money via forex trade execution on reputable trading platforms. The process becomes even better with Straight through processing stp brokers.
Financial institutions can take advantage of the STP brokers as they make forex and CFD trading more convenient and reliable. Essentially, STP brokers transmit trades directly to the market or liquidity providers.
STP trading in general terms is wholesale forex and CFD trading. The technology of STP is based on a foreign exchange between a retail forex trader and a high-quality financial institution such as interbank exchange houses.
STP brokers tend to be safe for the most part due to the influence of the financial sector conduct authority. All brokers operate in accordance with a regulatory authority in the financial markets which ensures the protection of investors' interests. However, in some cases, this protection is limited as some financial institutions operate unregistered which can be a prime reason why investor accounts lose money when trading. Only opt for regulated stp forex brokers and do your research whenever you are searching for the best stp brokers.
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 is also known as Dealing Desk brokers. 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.
Market Maker brokers try 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 to dealing with MM brokers compared to STP brokers. The spreads are usually wider and sometimes they decline bigger positions due to the lack of liquidity required for taking the risk. Requotes and slippages are common with MM.
There are advantages as well as disadvantages of dealing with STP brokers. Let us discuss both here:
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.
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.
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 the 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.
Electronic communication network or ECN brokers are other types of NDD brokers or non dealing desk brokers. When it comes down to the difference between an STP broker and an NDD broker like ECN, the latter behaves as the center of liquidity. While both work similarly in terms of speed and delivery, ECN broker brings financial institutions and banks together, acting as a hub. On the other hand, STP broker routes are different and vary as they can choose their liquidity providers.
ECN trading is essentially a hub for global markets and financial actors. These include banks, hedge funds, and major market makers.
There are also hybrid models as well that combine the best stp broker and ECn broker offers into one. This allows brokers to fully automate their operations which can boost forex traders rate of success and turn profits.
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 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.
In addition to the aforementioned, a forex broker who uses STP technology and provides guidance which can constitute financial advice. Guidance on using complex instruments when it comes to trading forex and investment advice on other financial instruments such as CFDs, and securities. These brokers offer direct market access since STP brokers trade directly unlike non dealing desk brokers.
Most 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.
Retail investor accounts lose money when trading CFDs or forex or if they operate without a trading strategy. Not only can dealing desk stp brokers cover all that but they vastly improve the chances of success unlike an ordinary CFD broker could. Plus the trading platform is also efficient and top-notch, STP process financial instrument at high speed.
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 asking offer to the liquidity providers.
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 a system are anonymous for clients due to the No Dealing Desk being involved in the entire process.
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 locals 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 have conducted extensive research and analysis on over multiple data points on Best Straight Through Processing (STP) Brokers to present you with a comprehensive guide that can help you find the most suitable Best Straight Through Processing (STP) Brokers. Below is a list of what we consider to be the best stp brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Best Straight Through Processing (STP) Brokers.
Selecting a reliable and reputable online Stp trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Stp more confidently.
Selecting the right online Stp trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for stp trading, it's essential to compare the different options available to you. Our stp brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a stp broker that best suits your needs and preferences for stp. Our stp broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Stp Brokers.
Compare stp brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a stp broker, it's crucial to compare several factors to choose the right one for your stp needs. Our comparison tool allows you to compare the essential features 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 |
XTB
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Pepperstone
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Roboforex
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eToro
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NordFX
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Trading212
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Admiral
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Axitrader
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forexmart
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Eightcap
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ForTrade
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Regulation | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), 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 | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB) |
Min Deposit | No minimum deposit | 200 | 10 | 50 | 1 | 1 | 200 | No minimum deposit | 1 | 100 | 100 |
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Used By | 581,000+ | 400,000+ | 1,000,000+ | 30,000,000+ | 10,000+ | 15,000,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 1,000,000+ |
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Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4, Tablet & Mobile apps | MT4, Binary, Tablet & Mobile apps |
Support |
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Learn More |
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Up with xtb |
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Up with pepperstone |
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Up with roboforex |
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Up with etoro |
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Up with nordfx |
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Up with trading212 |
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Up with admiralmarkets |
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Up with axitrader |
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Up with forexmart |
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Up with eightcap |
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Up with fortrade |
Risk Warning | 81% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | 77% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 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 | Your capital is at risk | Losses can exceed deposits | Your capital is at risk |
Demo |
XTB Demo |
Pepperstone Demo |
Roboforex Demo |
eToro Demo |
NordFX Demo |
Trading 212 Demo |
Admiral Markets Demo |
Axitrader Demo |
ForexMart Demo |
Eightcap Demo |
ForTrade Demo |
Excluded Countries | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, JP, AU, BQ, BR, CW, TL, ID, IR, LR, MP, RU, BQ, PF, TR, GW, FM, MP, SJ, SS | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, EU, RU, SY, KP, CU | US, CA | US, CA, JP, SG, MY, JM, IR, TR | US, JP | RU | US | US |
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 2023 article further below. You can see it now by clicking here
We have listed top Stp brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.