STP Forex Brokers

Compare live Forex trading accounts from STP brokers - including DMA and ECN STP brokers.

RegulatorsFlexible leverage ?Minimum deposit ?Spreads 
HotForex

HotForex
Micro Account

CySEC, France, Germany, Maurit... »
CySEC, France, Germany, Mauritius, South Africa, UK «
1:1000
1.2 pips
$5VariableVisit website
HotForex

HotForex
Premium Account

CySEC, France, Germany, Maurit... »
CySEC, France, Germany, Mauritius, South Africa, UK «
1:400
1.2 pips
$100VariableVisit website
HotForex

HotForex
Islamic Account

CySEC, France, Germany, Maurit... »
CySEC, France, Germany, Mauritius, South Africa, UK «
1:400
1.2 pips
$100VariableVisit website
FXPRIMUS

FXPRIMUS
Variable Spreads [EU]

CySEC, South Africa, Vanuatu
1:30
1.6 pips
$100VariableVisit website
Risk warning ?
FXPRIMUS

FXPRIMUS
ECN Premier [EU]

CySEC, South Africa, Vanuatu
1:30
0.3 pips
$500VariableVisit website
Risk warning ?
FXPRIMUS

FXPRIMUS
Variable Spreads [Vanuatu]

CySEC, South Africa, Vanuatu
1:30
0.3 pips
$100VariableVisit website
Risk warning ?
FXPRIMUS

FXPRIMUS
ECN Premier [Vanuatu]

CySEC, South Africa, Vanuatu
1:1000
0.3 pips
$500VariableVisit website
Risk warning ?
OctaFX

OctaFX
Micro Account - MT4

Saint Vincent and the Grenadines
1:500
1.1 pips
$100Fixed and VariableVisit website
OctaFX

OctaFX
ECN Account - cTrader

Saint Vincent and the Grenadines
1:500
0.7 pips
$100VariableVisit website
OctaFX

OctaFX
Pro Account - MT5

Saint Vincent and the Grenadines
1:200
0.5 pips
$500VariableVisit website
LQDFX

LQDFX
Islamic Account

None
1:300
0.8 pips
$20VariableVisit website
LQDFX

LQDFX
Gold Account

None
1:300
0.8 pips
$500VariableVisit website
LQDFX

LQDFX
ECN Account

None
1:300
0.2 pips
$500VariableVisit website
LQDFX

LQDFX
Micro Account

None
1:500
1.4 pips
$20VariableVisit website
LiteForex

LiteForex
Classic Account

None
1:500
2.2 pips
$50VariableVisit website
Risk warning ?
LiteForex

LiteForex
ECN Account

None
1:500
0.4 pips
$50VariableVisit website
Risk warning ?
ForexMart

ForexMart
Classic Account

Saint Vincent and the Grenadines
1:500
1.3 pips
$15VariableVisit website
ForexMart

ForexMart
Pro Account

Saint Vincent and the Grenadines
1:500
0.9 pips
$200VariableVisit website
ForexMart

ForexMart
Zero Spread Account

Saint Vincent and the Grenadines
1:500
0 pips
$1VariableVisit website
easyMarkets

easyMarkets
Standard Account

Australia, CySEC
1:200
1.8 pips
$100FixedVisit website
Risk warning ?
easyMarkets

easyMarkets
VIP Account

Australia, CySEC
1:200
1.8 pips
$2500FixedVisit website
Risk warning ?
      

What's an STP broker?

Straight Through Processing (STP) means full integration between all market participants, from liquidity providers to investors and the trading platform. In its purest form, an STP broker aggregate prices in real time from liquidity providers and passes client orders onto them. In practice, this also means there is No Dealing Desk (NDD).

Types of STP brokers

However, Forex brokers tend to apply the term loosely and "STP" can mean different things to different brokers. This article describes common traits and differences between STP brokers and suggests ways to check how your own broker operates.

Number of liquidity providers

STP brokers aggregate prices from banks, financial institutions and other liquidity providers (LPs) in the Forex interbank bank market. The price you see on your end is the best-bid and the best-offer (BBBO) across all quotes. This means the bid could come from Bank A and the ask from Bank B.

STP brokers typically work with more than one liquidity provider. However, circumstances can arise when they only have one. For example, this can happen if you trade with an Introducing Broker.

Fixed or variable spreads

The spread is the difference between the buying and selling price of a currency pair. If you're quoted EUR/USD at 1.2502/05, the spread is 0.0003 or just 3 pips.

STP brokers usually quote variable spreads because the prices they receive from liquidity providers change dynamically over time. The price you're quoted adjusts automatically to reflect the BBBO available from your broker's liquidity providers. Your broker adds his own mark-up to the spread to cover his costs and earn a profit.

However, some brokers can quote fixed spreads instead. This can happen when they have just one liquidity provider. And when they have more, they can achieve this by adjusting the mark-up they apply to the BBBO to ensure that the spreads you see on your end remain the same.

Instant vs. market execution

A regular STP broker fills client orders through instant execution. This means your broker acts as the counterparty to your trades and will hedge these positions with his liquidity providers. This can give rise to re-quotes if your broker has difficulties filling orders at the price you requested. However, instant execution does allow you to enter Stop and Limit Orders at the very same time you open a position, which can help manage your risks.

Other STP brokers offer market execution. When this happens, your broker passes your order directly onto his own liquidity providers. This gives you what is known as Direct Market Access and is one of the purest forms of trading. Liquidity providers will act as the counterparty to your trade and fill your order at the prevailing market price. The downside is that you cannot enter Stop or Limit orders at the time you place an order because the execution price is not known when you click the 'Trade' button.

Is your broker STP?

First, check your broker's website and Order Execution Policy for comments about spreads and execution types. If in doubt, ask your account manager directly.

If your broker offers fixed spreads and instant execution, it's unlikely but not impossible that he delivers Straight Through Processing.

Plus500

Trade 50+ currency pairs and CFDs on shares, indices and commodities on fixed or floating spreads. ... More

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Risk warning ?

FxPro

Trade 70+ currency pairs, spot indices, energies, metals and shares on fixed spreads with instant ... More

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Risk warning ?

AvaTrade

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

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Risk warning ?