STP Brokers

STP brokers offer some excellent benefits in comparison to other ECN and NDD brokers in the UK. We’ll explore the differences in this article, along with some of the best STP forex brokers and a list of key considerations to take into account when choosing between providers.

STP Brokers

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Found 23 Brokers
Pepperstone offers spread betting and CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
Demo Account
Yes
Regulated By
FCA, ASIC, DFSA, CMA, BaFin
MT4 Integration
Yes
Min. Deposit
$500 recommended
Min. Trade
0.01 Lots
Crypto
Yes
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$.01
Crypto
No
FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, IFSC, KNF, DFSA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
No
Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Demo Account
Yes
Regulated By
ASIC, FCA, MAS
MT4 Integration
Yes
Min. Deposit
£/$100 (varies by location)
Min. Trade
0.01 Lots
Crypto
No
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Demo Account
Yes
Regulated By
CySEC, IIROC, NFA, CFTC, FCA, FSA, and CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, ESMA, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $50
Min. Trade
0.01 lots
Crypto
No
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC, CySEC, FSC of Mauritius
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
Demo Account
Yes
Regulated By
FCA, MAS
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
£1
Crypto
No
Anzo Capital is a competitive global forex and CFD broker with ECN and STP accounts, both offering MT4 access and a wide range of assets.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
Demo Account
Yes
Regulated By
Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority (SFSA)
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
RoboMarkets is an award-winning broker offering flexible margin trading.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$/£/€100
Min. Trade
0.01 lots
Crypto
No
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
Yes
Speculate on traditional and emerging financial markets via MT4, MT5 and cTrader. FXPrimus is multi-regulated and offers leverage up to 1:1000 alongside monthly promotions.
Demo Account
Yes
Regulated By
CYSEC, MIFID, ICF, FCA, BaFin, VFSC
MT4 Integration
Yes
Min. Deposit
$15
Min. Trade
0.01 lots
Crypto
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
0.01 lots
Crypto
No
Fondex is an award-winning forex and CFD broker with industry low trading costs.
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Demo Account
Yes
Regulated By
SEC, FCA, IIROC, SFC
MT4 Integration
No
Min. Deposit
$10000
Min. Trade
$100
Crypto
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
No
Min. Deposit
$200 ($50 in US, $10 in UK)
Min. Trade
$1
Crypto
Yes

What Are STP Brokers?

STP (straight-through processing) refers to the automated process of electronic transfers, where there is no manual intervention. The term is both used in payment processing as well as trading. In trading, STP is essentially the process of settling trades that are passed through a brokerage.

An STP broker uses a non-dealing desk (NDD) model, whereby all trade orders are routed to the market. Liquidity providers (banks, hedge funds and large investors) act as the counter-party to the trader, whilst the broker connects the two.

Best STP brokers

STP Brokers Vs ECN Brokers

There are some similarities to note with another common execution model: electronic communication networks (ECNs). ECN brokers also use an NDD model, though the key difference is how trades are routed.

ECN brokers use a digital system that matches buy and sell orders automatically, without needing any middlemen. This allows the ECN to act as a hub of liquidity whilst also ensuring anonymity for traders.

Now that we’ve covered the key features of STP processing, let’s take a look at the main pros and cons and what to look for in a good STP broker.

Pros Of STP Brokers

There are some considerable benefits of trading with STP forex brokers:

  • Comparatively short processing times – Non-dealing desk and automatic processing eliminates delays or the need to issue requotes.
  • Direct Market Access (DMA) – Some brokers also offer a DMA/STP model, whereby orders are passed directly to the liquidity pool. True STP forex brokers will ensure that trade orders are filled at the most competitive prices.
  • Market transparency – There’s a high level of anonymity as traders are connected directly to the broker’s list of top liquidity providers. This is particularly good for scalpers who don’t have the risk of slippage.
  • No conflict of interest – There’s no manual intervention and brokers don’t hedge against traders, so they don’t profit from customer losses. Revenue is only generated from the small commission (mark-up) on each trade.

Cons Of STP Brokers

It’s worth noting the following drawbacks before choosing an STP broker:

  • Orders can be requoted or rejected – Requotes are possible. For example, if a large order needs to be routed through the market but the price changes in that time, the order can be rejected.
  • Spreads are less consistent – Spreads with STP brokers can vary dramatically during periods of high volatility.
  • No micro-lots – Micro-lots are unavailable, so traders will need more trading capital and effective risk management.

Choosing an STP Broker

You may need to spend some time comparing a few options to find the right STP broker for you, as ultimately the decision will ride on several factors. These will vary depending on each trader’s experience level and trading style.

Regulation

Trading with a fully licensed STP broker will give you peace of mind and ensure you are receiving a high level of protection. Look for brokers that are regulated ideally by multiple tier-1 bodies, including the Financial Conduct Authority in the UK.

Security

Regulated forex brokers are also typically covered by robust insurance and use segregated client accounts. This ensures that, should the company go bankrupt, your trading funds will be kept safe and returned back to you. In the UK, for example, regulated brokers are backed by the Financial Services Compensation Scheme (FSCS), which covers claims up to £85,000.

Fees

The best STP brokers offer competitive fees and ideally no commissions on deposits and withdrawals. A reputable broker should also be transparent with this information before you sign up, so make sure to look out for any red flags. Note that a small mark-up is usually charged on each trade and this will vary between brokers.

Cheapest STP brokers UK

Some of the cheapest STP brokers out there include eToro and FXTM, who offer extremely competitive pricing, with zero commissions and tight spreads.

Customer Support

Any trader can benefit from a good range of customer service options that can provide help around the clock. Top STP brokers usually offer a 24/7 live chat service or even a help centre. Admiral Markets, for example, offers support via a contact number, email, live chat, Facebook Messenger and Telegram.

Payment Methods

You can also expect a range of payment methods at good brokers, such as bank transfer, credit card and e-wallets. You might even find electronic payment methods such as Klarna and PayPal at some brokers, including FXCM. This can vary and you may need to look out for any deposit or withdrawal fees if applicable at your broker.

Education & Tools

Whether you’re a novice or expert trader, a variety of tools and educational resources on your STP broker’s website can be a huge benefit. This could include trading news and analysis, interactive training content, webinars or e-books. IG, for example, is suitable for all experience levels and offers top-quality education on their platform. For beginners, eToro is also an excellent choice if you’re looking for a range of learning resources.

Final Word On STP Brokers

Before deciding on an STP broker, the benefits and limitations discussed in this article should help you determine whether they’re a good option for your circumstances. Whilst STP forex brokers give you direct and transparent access to the market with competitive pricing, there are some downsides. Spreads are inconsistent due to the nature of volatility and beginners may struggle with the larger trading capital required.

For those who have decided to opt for an STP broker, make sure to consider the key factors above, including strong licensing, competitive fees and good educational tools.

FAQs

What Is An STP Broker?

An STP broker uses a non-dealing desk (NDD) model where trade orders are passed directly through to the market. Providers compete for the best bid/ask spreads and act as the trader’s counter-party.

What Are The Best STP Brokers?

Some of the best STP brokers include eToro, Forex.com and IG. The best option for you will depend on several factors, including regulation, fees and trading tools. You can check out our top STP forex broker list above for some ideas.

Can Beginners Trade With STP Brokers?

Yes, beginners can trade with STP brokers. However, micro-lots are not available, which means larger trading capital might be needed. Make sure to choose a broker that suits your budget and can offer you good support and education.

What Is The Difference Between STP Brokers Vs ECN Brokers?

The main difference between STP and ECN brokers is the way that orders are routed. STP orders are routed directly to the market, where the broker selects the most competitive spreads. An ECN system acts as a central hub of liquidity, where buy and sell orders are automatically matched.

What Is The Difference Between STP Brokers Vs Market Makers?

Market makers (dealing desk brokers) will take the opposite side of the trader’s deals. Dealing desk brokers make money through the spreads and by providing liquidity in the market. This differs from STP brokers who simply connect the trader to the interbank market, meaning there is no intervention.