11 Best STP Forex Brokers
11 Best STP Forex Brokers revealed. We have explored and tested several prominent Forex brokers to identify the Top 11.
In this in-depth guide, you’ll learn:
- 11 Best STP Forex Broker
- Who is the Best STP Forex Broker?
- What is an STP Forex Broker?
and much, MUCH more!
| Forex Broker | Sign Up Here | Minimum Deposit | Leverage |
| 1. FP Markets | Click Here | $100 USD | 1:500 |
| 2. IC Markets | Click Here | $200 USD | 1:500 |
| 3. HFM | Click Here | $5 USD | 1:2000 |
| 4. FxPro | Click Here | $100 USD | 1:30 |
| 5. RoboForex | Click Here | $100 USD | 1:2000 |
| 6. Pepperstone | Click Here | $0 USD | 1:500 |
| 7. Vantage Fx | Click Here | $50 USD | 1:100 |
| 8. FXTM | Click Here | $200 USD | 1:3000 |
| 9. Dukascopy | Click Here | $100 USD | 1:200 |
| 10. Axi | Click Here | $5 USD | 1:2000 |
| 11. Swissquote | Click Here | $0 USD | 1:4000 |
11 Best STP Forex Brokers (2025)
- FP Markets – Overall, The Best STP Forex Brokers
- IC Markets – Best CFD Forex Broker
- HFM – Best Affiliate Program
- FxPro – Best Low Spreads Broker
- RoboForex – Best MT5 Order Execution
- Pepperstone – Best MT4 Forex Broker
- Vantage Fx – Best Multi-Asset Trading Platform
- FXTM – Exceptional Customer Service
- Dukascopy – Most User-Friendly Trading Experience
- Axi – Best Forex Trading Platform
- Swissquote – Best ETF Broker
FP Markets
FP Markets is a well-established, Australian-based forex and CFD broker founded in 2005. It is regulated by top-tier authorities such as ASIC (Australia) and CySEC (Cyprus).
The broker offers STP execution, meaning trades are routed directly to liquidity providers without a dealing desk, ensuring faster execution and minimal slippage.
Frequently Asked Questions
What trading platforms does FP Markets offer?
FP Markets offers a comprehensive suite of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView. They also provide their own FP Markets mobile trading app for iOS and Android, as well as a WebTrader platform accessible through browsers.
What is the minimum deposit to open an account?
The minimum deposit at FP Markets is generally $100 or the equivalent in other supported base currencies like USD, EUR, and GBP. This applies to both their Standard and Raw accounts on the MetaTrader 4 and MetaTrader 5 platforms.
Is there a demo account available?
Yes, FP Markets offers demo accounts for all their main trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. These demo accounts are funded with virtual currency, allowing you to practice trading in a risk-free environment.
Are there educational resources for beginners?
Yes, FP Markets offers a range of educational resources suitable for beginners. These include structured trading courses, comprehensive trading guides, informative live webinars and recordings, video tutorials, practical platform tutorials, detailed eBooks, and a helpful trading glossary to understand key terms.
Our Insights
FP Markets is a trusted and well-regulated forex and CFD broker offering both STP and ECN-style trading. With competitive spreads, fast execution, and access to powerful platforms like MT4, MT5, and Iress, it caters to a wide range of traders, from beginners to professionals.
IC Markets
IC Markets is a globally recognized forex and CFD broker, established in 2007, offering both STP (Straight Through Processing) and ECN (Electronic Communication Network) execution models.
The broker utilizes a combination of STP and ECN execution, providing direct access to liquidity providers without a dealing desk, resulting in fast and transparent order execution.
Frequently Asked Questions
What trading platforms does IC Markets support?
IC Markets supports a robust selection of trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. These platforms are available on desktop, web (via WebTrader for MT4/MT5 and cTrader Web), and mobile devices, offering flexibility for all trading preferences.
Does IC Markets use STP or ECN execution?
IC Markets primarily uses an ECN execution model. IC Markets primarily uses an ECN execution model. They also have Standard accounts, which offer STP-like execution with wider spreads. They also have Standard account,s which offer STP-like execution with wider spreads.
Are demo accounts available?
Yes, demo accounts are available with IC Markets. They offer demo accounts for MetaTrader 4, MetaTrader 5, and cTrader platforms. These accounts are funded with virtual money, allowing you to practice trading in a risk-free environment.
Are there educational resources for new traders?
Yes, IC Markets offers educational resources for new traders. These include video tutorials covering platform basics, order types, and tools for MetaTrader 4. They also provide access to Web TV with market analysis, and a Forex Glossary.
Our Insights
IC Markets stands out as a globally trusted broker offering a blend of STP and ECN execution, making it ideal for traders seeking tight spreads, fast order execution, and direct access to liquidity providers. With strong regulation, advanced trading platforms (MT4, MT5, and cTrader), and support for all trading styles—including scalping and algo trading—it caters to both beginner and professional traders.
HFM
HFM is a globally recognized forex and CFD broker established in 2010, offering both STP (Straight Through Processing) and ECN (Electronic Communication Network) execution models.
The broker operates as a 100% STP broker, meaning all trades are executed without a dealing desk, providing direct access to liquidity providers and ensuring transparency and fast execution.
Frequently Asked Questions
What type of execution model does HFM use?
HFM employs a hybrid execution model. They offer both STP and Market Maker execution depending on the account type. For example, their Zero Spread account aims for STP execution, while other accounts might operate under a market maker model.
What is the minimum deposit at HFM?
The minimum deposit at HFM varies significantly depending on the account type. Some accounts, like the Cent and Zero accounts, have a minimum deposit of $0 USD. Other account types may require a minimum deposit of USD 100 or USD 250.
Is a demo account available?
Yes, a demo account is readily available with HFM. They offer demo accounts that simulate real trading conditions, allowing you to practice strategies and familiarize yourself with the MetaTrader 4 and MetaTrader 5 platforms, as well as their WebTrader.
Does HFM offer educational content?
Yes, HFM offers a selection of educational content for traders of all levels. This includes structured online trading courses, informative educational videos, regular webinars, practical how-to videos, insightful market analysis, and a helpful glossary of trading terms.
Our Insights
HFM is a well-regulated and globally trusted broker that offers STP execution, making it suitable for traders who value transparency, fast order execution, and direct market access. With flexible account types, low minimum deposits, powerful trading platforms (MT4 & MT5), and a wide range of instruments, HFM caters to both beginners and advanced traders.
FxPro
FxPro is a globally recognized forex and CFD broker established in 2006, headquartered in London, UK. The company offers a hybrid execution model, combining elements of Straight-Through Processing (STP) and No Dealing Desk (NDD) execution.
The broker’s blend of STP technology and NDD execution, coupled with robust regulatory oversight and a wide range of trading instruments, makes it a compelling choice for traders seeking a reliable and efficient trading environment.
Frequently Asked Questions
What trading platforms does FxPro offer?
FxPro offers a selection of trading platforms, including the popular MetaTrader 4 and its successor, MetaTrader 5. They also provide cTrader, known for its advanced features and depth of market, and their own intuitive Trading Platform and mobile app.
What is the minimum deposit required to open an account with FxPro?
The minimum deposit required to open an account with FxPro is generally USD 100 or the equivalent in other supported base currencies like EUR, GBP, AUD, CHF, PLN, and JPY. The Raw+ account requires a minimum of USD 500.
Does FxPro offer swap-free accounts?
Yes, FxPro offers swap-free accounts, also known as Islamic accounts, for clients who cannot pay or receive interest due to religious beliefs. However, fees may be applied after a certain number of days, depending on the instrument.
Can I open multiple trading accounts with FxPro?
Yes, FxPro typically allows clients to open multiple trading accounts. This enables you to test different trading strategies, manage risk across various account types (e.g., MT4, MT5, cTrader), or trade with different base currencies.
Our Insights
FxPro is a well-established and highly regulated forex and CFD broker that combines STP and No Dealing Desk (NDD) execution to offer fast, transparent, and reliable order processing. FxPro is a solid choice for both beginner and experienced traders seeking a professional and secure trading environment.
RoboForex
RoboForex is a globally recognized forex and CFD broker established in 2009, offering a range of trading services with a focus on transparency and efficiency.
Operating under the Straight Through Processing (STP) model, RoboForex ensures that client orders are executed directly with liquidity providers without any dealing desk intervention, providing traders with competitive spreads and rapid order execution.
Frequently Asked Questions
What account types does RoboForex offer?
RoboForex offers a range of account types, including ProCent, Pro, ECN, and Prime accounts. ProCent is for beginners, while Pro is popular among new traders. ECN accounts suit experienced traders. Prime accounts offer the best conditions for advanced traders.
What is the minimum deposit required to open an account?
The minimum deposit at RoboForex varies by account type. For the ProCent, Pro, Prime, and ECN accounts, the minimum deposit is just USD 10 or 10 EUR. The R StocksTrader account requires a higher minimum deposit of USD 100.
What leverage does RoboForex offer?
RoboForex offers high leverage, up to 1:2000, depending on the account type. Higher leverage is available on ProCent and Pro accounts if the equity is below USD 10,000. Be aware that higher leverage involves increased risk.
Does RoboForex offer Islamic (swap-free) accounts?
Yes, RoboForex offers Islamic (swap-free) accounts for clients who cannot pay or receive swaps due to religious beliefs. This service is available for their ProCent and Pro accounts based on the MetaTrader 4 platform.
Our Insights
RoboForex is a well-established, STP-capable forex and CFD broker known for its flexible account types, diverse trading platforms, and competitive trading conditions. Regulated by the IFSC and supported by modern tools like CopyFX and the proprietary R StocksTrader platform, RoboForex caters to both beginners and experienced traders.
Pepperstone
Pepperstone is a globally recognized forex and CFD broker, established in 2010 in Melbourne, Australia.
The broker operates under a Straight Through Processing (STP) model, ensuring that client orders are executed directly with liquidity providers without any dealing desk intervention.
Frequently Asked Questions
What execution model does Pepperstone use?
Pepperstone primarily uses a No Dealing Desk execution model with Straight Through Processing (STP). They route trades to a pool of liquidity providers, aiming for fast execution and tight spreads. Their Razor account offers ECN-like raw spreads with a commission.
What account types are available at Pepperstone?
Pepperstone offers two main account types for CFD trading: the Standard Account and the Razor Account. The Standard Account has spreads from 1.0 pip with no commission, while the Razor Account offers raw spreads from 0.0 pips and charges a commission per trade.
What leverage does Pepperstone offer?
Pepperstone typically offers leverage up to 30:1 for major currency pairs. Leverage for other instruments like minor currency pairs, gold, and major indices is usually up to 20:1. 1 These limits are often due to regulatory restrictions.
Are demo accounts available?
Yes, Pepperstone offers free demo accounts for both their MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as cTrader. These demo accounts are pre-loaded with virtual funds, allowing you to simulate trading under real market conditions.
Our Insights
Pepperstone stands out as a trusted and highly regulated STP forex broker offering fast, transparent trade execution, competitive spreads, and a wide range of platforms including MT4, MT5, cTrader, and TradingView. Pepperstone is a solid choice for those seeking a reliable and efficient trading environment.
Vantage Fx
Vantage Fx is a globally recognized forex and CFD broker offering Straight Through Processing (STP) execution, ensuring that client orders are routed directly to liquidity providers without any dealing desk intervention.
The broker offers a Standard STP Account, which is commission-free with spreads starting from 1.0 pip. This account is ideal for beginners seeking straightforward trading conditions.
Frequently Asked Questions
Does Vantage offer STP trading accounts?
Yes, Vantage offers Standard STP trading accounts. These accounts provide direct access to institutional spreads from liquidity providers with no dealing desk intervention and typically have no commission charges, with the broker’s compensation coming from a markup on the spreads.
What trading platforms does Vantage support?
Vantage supports a variety of trading platforms to suit different trader preferences. These include MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5), the powerful ProTrader platform powered by TradingView, and their proprietary Vantage App for mobile trading.
What account types does Vantage offer?
Vantage offers several account types, including the Standard STP account (no commission, spreads from 1.0 pip), the Raw ECN account, and the Pro ECN account. They also offer Islamic (swap-free) accounts and may have specific accounts for professional clients.
Is a demo account available?
Yes, Vantage FX offers free demo accounts. These accounts are funded with virtual currency, allowing you to practice trading on their MetaTrader 4 and MetaTrader 5 platforms, as well as their ProTrader platform powered by TradingView and the Vantage App.
Our Insights
Vantage is a reputable forex and CFD broker offering a reliable STP trading environment with direct market access, competitive spreads, and fast execution speeds. Its focus on transparency, technology, and customer support makes it a strong choice for traders seeking a trustworthy STP broker.
FXTM
Established in 2011, FXTM has gained global recognition as a forex and CFD broker, offering Straight Through Processing (STP) execution to ensure transparent and efficient trading.
The broker employs a 100% STP model, routing client orders directly to liquidity providers without any dealing desk intervention. This approach minimizes conflicts of interest and provides access to competitive bid and ask prices.
Frequently Asked Questions
Does FXTM use an STP execution model?
Yes, FXTM offers STP (Straight Through Processing) execution, especially on accounts like the Micro and Advantage Plus accounts. The broker routes orders directly to liquidity providers without a dealing desk.
What types of accounts does FXTM offer?
FXTM offers three main account types: Advantage, Advantage Plus, and Advantage Stocks. The Advantage account features tight spreads. The Plus account offers commission-free trading with spreads from 1.5 pips. The Advantage Stocks account is for stock trading.
What is the maximum leverage offered by FXTM?
FXTM offers floating leverage up to 1:3000 for their Advantage and Advantage Plus accounts, depending on the instrument traded and the account’s notional value. However, regulatory restrictions may apply, and for clients registered under Exinity Capital East Africa Ltd.
Is demo trading available with FXTM?
Yes, demo trading is readily available with FXTM. They offer demo accounts for both their MetaTrader 4 and MetaTrader 5 platforms. You fund these demo accounts with virtual currency, allowing you to practice trading various instruments in a risk-free environment.
Our Insights
FXTM is a well-regulated and globally trusted broker offering STP execution for traders seeking transparent, fast order processing without dealing desk intervention. FXTM is a solid choice for traders looking for flexibility and reliability in the forex and CFD markets.
Dukascopy
Dukascopy Bank SA is a Swiss-based online bank and forex broker, established in 2004 and headquartered in Geneva.
It operates under a hybrid model that combines elements of both Straight Through Processing (STP) and Electronic Communication Network (ECN) execution, providing traders with direct market access and transparent pricing.
Frequently Asked Questions
Does Dukascopy offer STP execution?
Dukascopy operates as a true ECN broker. They provide direct access to the SWFX – Swiss FX Marketplace, connecting traders with a deep pool of liquidity providers. This allows for tight spreads and fast execution without dealing desk intervention.
What trading platforms does Dukascopy offer?
Dukascopy offers its proprietary platform, JForex, available for desktop, web, and mobile (iOS, Android). They also support the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. JForex is known for its advanced charting and automated trading capabilities.
What is the minimum deposit at Dukascopy?
The minimum initial deposit at Dukascopy is generally $100 USD for individual trading accounts with both Dukascopy Bank SA and Dukascopy Europe. However, for their Private Banking (Savings) accounts, a minimum deposit of $100,000 USD is required.
Are Islamic accounts available?
Yes, Dukascopy offers swap-free accounts that adhere to Islamic religious principles. These accounts do not incur overnight swap charges. However, instead of swaps, an additional commission is applied to these accounts, specifically $5 per 1 million USD for currencies and $7.5 per 1 million USD.
Our Insights
Dukascopy stands out as a highly reputable Swiss forex broker offering a robust combination of STP and ECN execution through its SWFX Marketplace. Dukascopy caters well to both retail and institutional traders seeking transparency, speed, and flexibility in their trading environment.
Axi
Axi is a globally recognized forex and CFD broker established in 2007 and headquartered in Sydney, Australia.
The broker’s commitment to transparent STP execution, combined with its robust regulatory framework and comprehensive trading tools, makes it a compelling choice for traders seeking a reliable and efficient trading environment.
Frequently Asked Questions
Does Axi use an STP execution model?
Yes, Axi uses an STP (Straight Through Processing) execution model for its Standard accounts. This means your orders are sent directly to liquidity providers without dealing desk intervention. Axi aims for fast execution and tight spreads through this model.
What platforms does Axi offer?
Axi offers the popular MetaTrader 4 (MT4) platform, available on desktop (Windows/Mac), web (WebTrader), and mobile (iOS/Android). In some regions, they also provide MetaTrader 5 (MT5). Additionally, Axi has its own Axi Trading Platform mobile app.
What leverage does Axi offer?
Axi offers leverage up to 30:1 for retail clients as per regulatory standards in many regions. Professional clients who meet certain eligibility criteria can access higher leverage, up to 500:1 or even 1000:1, depending on the entity.
Is demo trading available at Axi?
Yes, demo trading is available. They offer demo accounts for their MetaTrader 4 platform, allowing you to practice trading with virtual funds in a simulated environment. This enables you to test strategies and familiarize yourself in a risk-free environment.
Our Insights
Axi is a reputable and well-regulated broker offering STP execution, which ensures transparent and efficient order routing without dealing desk interference. Axi is a solid choice for both beginner and experienced traders seeking a reliable forex and CFD trading experience.
Swissquote
Swissquote is a Swiss-based financial institution established in 1996, offering a comprehensive suite of services including forex and CFD trading.
Operating with a Straight Through Processing (STP) model, Swissquote offers transparent and efficient trade executions by directly routing client orders to liquidity providers, bypassing any dealing desk. This ensures faster processing and potentially tighter spreads.
Frequently Asked Questions
Does Swissquote offer STP execution?
Yes, Swissquote offers STP (Straight Through Processing) execution. They route client orders directly to a deep pool of Tier 1 banks and non-bank liquidity providers. This ensures fast execution and competitive spreads without dealing desk intervention.
What trading platforms are available with Swissquote?
Swissquote offers a range of trading platform,s including their proprietary Advanced Trader (CFXD), MetaTrader 4 (MT4), and MetaTrader 5 (MT5). They also provide a Swissquote App for mobile trading and support FIX API for advanced traders.
What is the maximum leverage Swissquote offers?
For retail clients, Swissquote typically offers a maximum leverage of 1:30 for major currency pairs. However, professional clients who meet specific eligibility criteria can access higher leverage up to 1:400 upon request.
Does Swissquote support copy trading or automated strategies?
Swissquote typically offers a leverage of 1:30 for major currency pairs. However, professional clients who meet specific eligibility criteria can access higher leverage up to 1:400. Swissquote generally does not offer traditional copy trading or social trading features.
Our Insights
Swissquote is a well-established and highly regulated forex and CFD broker that offers a Straight Through Processing (STP) execution model, ensuring transparent and efficient trade routing. Swissquote is a strong choice for traders seeking security, professionalism, and technological sophistication in a broker.
What is an STP Forex Broker?
An STP (Straight Through Processing) Forex broker is a type of broker that routes traders’ orders directly to liquidity providers, such as banks or financial institutions, without any dealing desk intervention. This means that the broker doesn’t take the opposite side of your trade. Instead, your trades are executed directly in the market.
Key Features of STP Brokers
- No dealing desk: Trades are passed straight to external parties, reducing conflict of interest.
- Faster execution: Because trades aren’t manually processed, execution is typically quicker.
- Variable spreads: Since pricing comes from multiple liquidity providers, spreads may vary.
- Market transparency: You get access to true market prices.
Difference from ECN and Market Makers
- STP vs ECN: Both route orders externally, but ECNs often provide access to a trading network where traders can also see the order book.
- STP vs Market Maker: Market makers may trade against you and often set fixed spreads; STP brokers do not.
In Conclusion
STP (Straight Through Processing) Forex brokers offer a transparent, efficient, and conflict-free trading environment by routing client orders directly to external liquidity providers. For beginner and experienced traders alike, STP brokers provide a reliable bridge to the global forex market without the broker acting as a counterparty to your trades.
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Faq
In Forex trading, STP stands for Straight Through Processing. It’s an order execution method where a broker sends client trades directly to their liquidity providers (like banks) without any manual intervention from a dealing desk. This aims for faster, more transparent execution.
While STP brokers offer potential benefits like transparent execution and no conflict of interest, they aren’t necessarily “better” for all beginners. Beginners might appreciate the fixed spreads often found with market makers, which can be easier to understand and budget for.
Yes, the vast majority of STP brokers do offer demo accounts. These accounts allow potential clients to experience the broker’s trading platform, execution speed, and available tools using virtual funds in a simulated live market environment.
Yes, some STP brokers do charge commissions, while others primarily make money through wider spreads. It depends on specific brokers and the account type. Some STP accounts might have tighter spreads with a commission, while others offer commission-free trading with slightly wider spreads.
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