10 Best STP Forex Brokers 2023

UPDATED ON :

[ez-toc]

STP stands for Straight Through Processing. It is a method used by financial institutions, such as banks, to automate the processing of transactions, from start to finish, without any manual intervention or human involvement.

STP brokers are also known as No Dealing Desk (NDD) brokers, as they do not have a dealing desk where orders are executed. Instead, they use an electronic communication network (ECN) to connect their clients directly to the liquidity providers.

By using an STP broker, traders can benefit from faster execution times, as their orders are passed on to the liquidity providers without delay. This can help to reduce the likelihood of slippage, which is when the price of an asset moves between the time when an order is placed and when it is executed.

Best STP Forex Brokers 2023

OctaFx

octafx


Visit Broker

  • Min Deposit – $50
  • Regulation – CySEC, SVGFSA
  • Trading Desk – ECN, STP
  • Trading Platforms – MT4, MT5


  • OctaFX Review

BelleoFX

belleofx


Visit Broker

  • Min Deposit – $100
  • Regulation – FSC Mauritius, FSA St. Vincent, DET Dubai
  • Trading Desk – ECN
  • Trading Platforms – MT5


  • BelleoFX Review

ActivTrades

Activtrades


Visit Broker

  • Min Deposit – $0
  • Regulation – CONSOB, CSSF, FCA, CMVM, SCB, CVM
  • Trading Desk – ECN
  • Trading Platforms – MT5, MT4, ActivTrader


  • ActivTrades Review

Trade Nation

trade nation


Visit Broker

  • Min Deposit – $5
  • Regulation – FCA, ASIC, FSCA, SCB
  • Trading Desk – Market Maker
  • Trading Platforms – MT4, Cloud Trade


  • Trade Nation Review

RoboForex

RoboForex


Visit Broker

  • Min Deposit – $10
  • Regulation – IFSC
  • Trading Desk – Market Maker
  • Trading Platforms – MT4, MT5 and cTrader


  • RoboForex Review

FxPro

FxPro


Visit Broker

  • Min Deposit – $100
  • Regulation – CySEC, FCA
  • Trading Desk – Market Maker
  • Trading Platforms – MT4, MT5 and cTrader


  • FxPro Review

CPT Markets

cpt markets


Visit Broker

  • Min Deposit – $0
  • Regulation – FSC (Belize)
  • Trading Desk – ECN, STP
  • Trading Platforms – MT4


  • CPT Markets Review

Capex.com

capex


Visit Broker

  • Min Deposit – $100
  • Regulation – CySEC, FSCA, ADGM, FSA
  • Trading Desk – ECN
  • Trading Platforms – MT5, Capex WebTrader


  • Capex Review

Vantage Markets

Vantage Markets


Visit Broker

  • Min Deposit – $50
  • Regulation – FCA, FSCA, ASIC, CIMA
  • Trading Desk – ECN/DMA, STP
  • Trading Platforms – MT4, MT5, WebTrader, Mobile Apps


  • Vantage Markets Review

Frequently Asked Question



What is an STP broker?

STP stands for Straight-Through Processing. An STP broker is a type of forex broker that uses an electronic communication network (ECN) to automatically execute orders without any intervention from a dealing desk. This means that the broker will not interfere with your trades, and the orders will be executed directly in the market without any requotes or price manipulation.



How does an STP broker work?

An STP broker routes its clients’ orders directly to liquidity providers, such as banks or other brokers, using an electronic communication network (ECN). The liquidity providers then fill the orders at the best available prices in the market. The STP broker charges a small commission on each trade instead of marking up the spread.



What are the advantages of using an STP broker?

The main advantage of using an STP broker is the speed and efficiency of order execution. Because orders are executed automatically without any intervention from a dealing desk, there is no delay or risk of requotes or price manipulation. STP brokers also offer transparency and competitive pricing since they charge a small commission instead of marking up the spread.



What are the disadvantages of using an STP broker?

One of the main disadvantages of using an STP broker is the cost of the commission. Since STP brokers charge a commission on each trade, the cost of trading can be higher than with a market maker or a no-dealing desk broker. Another disadvantage is the potential for slippage during high volatility or low liquidity periods, which can result in less favorable execution prices.



How do I choose the best STP broker?

When choosing an STP broker, you should consider factors such as regulation, reputation, trading platform, customer service, and trading conditions such as spreads, commissions, and execution speed. You can also check online reviews and forums to see what other traders are saying about the broker.



Is an STP broker better than a market maker?

This depends on your trading style and preferences. STP brokers are generally better for traders who value transparency, fast execution, and competitive pricing. Market makers, on the other hand, may offer more stable spreads and lower trading costs, but they may also engage in price manipulation and requotes.