10 Best STP Forex Brokers in the World 2024
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top STP Forex brokers based on our analysis:
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Roboforex - Best STP Platform - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 2
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 3
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 4
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 5
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HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 8
FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets. - 9
Fibo Group - A wide selection of trading and investment accounts. Low spreads, which facilitates more profitable trading. A wide range of payment methods. - 10
LiteFinance - A variety of analytical tools. Extensive educational materials. 24/5 technical support.
STP brokers are becoming increasingly popular among Forex traders. These brokers offer a unique and economically efficient approach to trading, which can appeal to those seeking more flexible options.
Top 10 STP Brokers 2024
1. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
2. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
3. AMarkets
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
4. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
5. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
6. OANDA
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of Oanda
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
7. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
8. FBS
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
9. FIBO Group
FIBO Group is suitable for various types of traders, including beginners and experienced ones. The broad selection of accounts and trading platforms allows every trader to find an appropriate solution. Additionally, educational materials and analytics will aid in skill development and making informed trading decisions.
The broker offers competitive trading conditions, various instruments, and robust support. However, fees and the absence of certain assets may limit its potential.
Pros and Cons of Fibo Group
Pros
- A wide selection of trading and investment accounts.
- Low spreads, which facilitates more profitable trading.
- A wide range of payment methods.
- Availability of various trading platforms.
- Comprehensive analytics and educational materials.
Cons
- An inactivity fee.
- Withdrawal fees.
- The absence of stocks and ETFs in the range of instruments.
10. LiteFinance
LiteFinance is a broker that actively invests in analytical and educational resources, providing its clients access to the economic calendar, daily forecasts, and analytics from Claws&Horns. These resources can significantly assist traders in developing their trading skills and strategies. The 24/7 technical support ensures that help is always on hand when needed, which is especially valuable for beginners and those who trade in various markets worldwide.
LiteFinance will be most suitable for beginner and intermediate-level traders who can make the most of the educational and analytical resources offered. It will also suit those who prefer to use standard trading platforms and do not plan to trade cryptocurrencies or soft commodities actively.
Pros and Cons of LiteFinance
Pros
- A variety of analytical tools.
- Extensive educational materials.
- 24/5 technical support.
Cons
- High trading fees.
- Lack of certain trading assets.
How is the Best STP Brokers List Compiled
In compiling the list of the best STP brokers, the following main criteria were used, reflecting the critical features of the STP model in Forex:
Our list exclusively includes brokers that provide STP services or have STP accounts. This criterion ensures that every broker on the list specializes in directly transmitting trading orders, bypassing the dealing desk, a vital characteristic of the STP model.
The positions of brokers in the list are based on our Forex broker ranking, which considers the overall reliability and quality of services.
The brokers' assessment was conducted using our methodology, which includes analysis of factors such as trading conditions transparency, customer service quality, level of technological sophistication, and overall reliability. This ensures the objectivity and relevance of the information about each broker.
These criteria guarantee that the STP brokers in the list meet high standards of quality and reliability, which is extremely important for traders seeking transparent and efficient trading in the Forex market.
FAQ
Which broker has STP?
Several brokers offer STP (Straight Through Processing) accounts, providing direct market access (DMA) without dealing desk (DD) intervention. Some popular brokers known for their STP services include:
- RoboForex
- FxPro
- AMarkets
These brokers are known for their competitive trading conditions and transparency.
What is STP in brokerage?
In brokerage, STP (Straight Through Processing) refers to a technology that allows client orders to be processed directly to liquidity providers (such as banks and financial institutions) without any dealing desk intervention. This ensures faster execution of trades and reduces the potential for conflicts of interest, as the broker does not act as a counterparty to the trades.
What are the best Forex trading platforms for STP brokers?
The best Forex trading platforms for STP brokers include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms offer seamless integration with STP brokers, providing fast execution, advanced charting tools, and a wide range of technical indicators. Brokers like RoboForex and FxPro support these platforms, making them ideal for traders looking for efficient STP trading conditions.
How do STP brokers make money?
STP brokers make money primarily through spreads and commissions:
- Spreads: STP brokers may add a small markup to the spreads offered by their liquidity providers.
- Commissions: Some STP brokers charge a fixed commission per trade in addition to the spreads.
Since STP brokers do not take the opposite side of their client's trades, their revenue is based on the trading volume rather than the clients' losses.
Is STP or ECN better?
The choice between STP and ECN (Electronic Communication Network) depends on a trader's specific needs and preferences:
- STP: Offers direct order processing with liquidity providers, usually resulting in competitive spreads and fast execution. Suitable for traders looking for simplicity and low-cost trading.
- ECN: Provides direct access to the interbank market with tighter spreads and transparency in order execution. ECN accounts often have variable spreads and may charge commissions. Suitable for professional traders and those looking for deeper market liquidity.
Both STP and ECN have their advantages, and the best choice depends on individual trading styles and requirements.
How do you know if a broker is a true STP?
To determine if a broker is STP, consider the following steps:
- Check the broker's website: Look for information about their order execution model. STP brokers usually highlight their direct market access and lack of dealing desk intervention.
- Read the terms and conditions: Review the broker's documentation to understand their execution policy.
- Ask customer support: Contact the broker's support team and inquire about their execution model.
- Read reviews and feedback: Check reviews and feedback from other traders to see if the broker is known for offering STP accounts.
What is the difference between an STP broker and a market maker?
The main differences between STP brokers and B-Book brokers, also known as market maker Forex brokers, are:
Order Execution:
- STP Broker: Processes client orders directly to liquidity providers without dealing desk intervention. The broker does not act as the counterparty.
- Market Maker: Creates an internal market for clients and acts as the counterparty to their trades. The broker takes the opposite side of the clients' positions.
Conflict of Interest:
- STP Broker: Generally has no conflict of interest, as the broker's profit comes from spreads and commissions, not from clients' losses.
- Market Maker: This may have a conflict of interest, as the broker profits from the difference between the bid and ask prices and potentially from clients' losses.
Spreads and Commissions:
- STP Broker: Offers competitive spreads, which may include a small markup. Commissions may also be charged.
- Market Maker: Offers fixed or variable spreads, with no additional commissions in many cases.
Trade Execution Speed:
- STP Broker: Typically offers faster execution due to direct processing with liquidity providers.
- Market Maker: Execution speed can vary, as orders are processed internally by the broker.
Each model has its own advantages and disadvantages, and the choice depends on the trader's preferences and trading style.
