If you are a trader and want to execute your market orders quickly, you must consider an STP broker.
STP brokers send orders of trading to the market directly with the help of dealing desk intervention. It means the trading request is forwarded to liquidity providers. Most of the time, the broker has many liquidity providers, either banks or larger brokers, each of which generates its bid and ask prices. However, it is still possible to execute through a single liquidity provider, as some brokers are doing so to provide a larger liquidity pool.
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Best STP Brokers
At the top of our list,eToro is the best overall broker. eToro is safe and secure and follow the regulation of FCA andFSCS.The main benefit of using eToro is it doesn’t charge any commission when you perform trading. But the spread is a drawback of eToro as its spread is tight as it uses one pip for USD/JPY.
- Very secure trading platform
- Doesn’t charge commission on ETFs.
- It is easy to use.
- A stake is as low as $25
- Copy-trading encourages passive investing.
- It uses basic tools.
Forex.com is a well-known forex brand. It accepts ECN and SPN accounts with a $50 minimum deposit. You can choose from over 90 forex pairs and numerous payment options. Forex.com is a regulated broker by several tier-one bodies.
- The minimum amount to deposit is 50%
- It supports more than 90 pairs of forex
- Other ECN platforms have lower fees.
STP accounts are available from FXTM. You can trade stocks, metals, impulses, and more besides forex. To start trading with this STP broker, you will need to deposit at least $500. Trading commissions are not charged when using either MT4 or MT5.
- Zero commissions.
- Tight spreads
- Hundreds of investment products
- Can deposit a minimum of $500
STP ensures that orders are processed as quickly as possible, making Avatrade our top pick for FX traders. In addition to MT4, Avatrade now supports MT5, which is huge for many FX traders. Support for MT4 and MT5 adds a new dimension to forex trading by allowing tools like forex robots and custom indicators.
- Sic jurisdictions secure it
- Didn’t allow any commission, and the spread was low
- Compatible for MT4 and MT%
- Can deposit a minimum of $100
- Offer leverage
- Some CFD classes have a narrow scope of application.
Libertex is a fantastic STP broker option as well. Most importantly, Libertex offers zero-spread trading on a wide range of currency pairs. This means you can trade the forex market at market-leading prices and avoid issues like slippage and commissions. In addition to the spread, Libertex charges a commission on every trade, which is fixed. Also, commissions are usually very low, like 0.008% for EUR/USD.
- Spread is tight
- The commission is very low
- Can Deposit $100 minimum
- Payment can be transferred on credit cards and e-wallets
- Support MT4 and MT5
- It uses just CFD instruments
Remember that strict rules and regulations exist to protect you as a trader or investor and that the best STP brokers will be fully licensed.
A fully licensed platform is essential for protecting your trading funds and trusting your broker. Always do your homework before committing, as brokers and their services vary. It’s also wise to start with a small investment while you get your bearings.