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  1. Home
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How we make money

10 Best STP Forex Brokers in the World 2026

Last updated Jan 21, 2026
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor
Nikolay Zavarov
Author
Andrey Bondarenko
Editor

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top STP Forex brokers based on our analysis:

  1. 1
    AMarkets Logo
    AMarkets - Best STP Platform - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  2. 2
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  3. 3
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  4. 4
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
  5. 5
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  6. 6
    OANDA Logo
    OANDA - Tight spreads. Diverse markets and products. Advanced trading platforms.
  7. 7
    HF Markets Logo
    HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
  8. 8
    FBS Logo
    FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets.
  9. 9
    HYCM Logo
    HYCM - Well-regulated broker. An extensive set of educational materials. Diversity of trading assets.
  10. 10
    FIBO Group Logo
    FIBO Group - A wide selection of trading and investment accounts. Low spreads, which facilitates more profitable trading. A wide range of payment methods.

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 2026

AMarkets Logo
1
Minimum Deposit
$100
Spread from0 pips
4.4/5
Read AMarkets reviewAMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
1
AMarkets Logo
4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$100
Spread from0 pips
Roboforex Logo
2
Minimum Deposit
$10
Spread from0 pips
4.4/5
Read Roboforex reviewRoboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
2
Roboforex Logo
4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$10
Spread from0 pips
FxPro Logo
3
Minimum Deposit
$100
Spread from0 pips
4.4/5
Read FxPro reviewFxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
3
FxPro Logo
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$100
Spread from0 pips
Deriv Logo
4
Minimum Deposit
$1
Spread from0.5 pips
4.3/5
Read Deriv reviewDeriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
4
Deriv Logo
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0.5 pips
Admirals Logo
5
Minimum Deposit
$1
Spread from0 pips
4.3/5
Read Admirals reviewAdmirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
5
Admirals Logo
4.3/5
Admirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0 pips
OANDA Logo
6
Minimum Deposit
$1
Spread from0.5 pips
4.3/5
Read OANDA reviewOANDA review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
6
OANDA Logo
4.3/5
OANDA review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Minimum Deposit
$1
Spread from0.5 pips
HF Markets Logo
7
Minimum Deposit
$1
Spread from0 pips
4.3/5
Read HF Markets reviewHF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
7
HF Markets Logo
4.3/5
HF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0 pips
FBS Logo
8
Minimum Deposit
$5
Spread from0.7 pips
4.3/5
Read FBS reviewFBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
8
FBS Logo
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$5
Spread from0.7 pips
HYCM Logo
9
Minimum Deposit
$100
Spread from0.1 pips
4.2/5
Read HYCM reviewHYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
9
HYCM Logo
4.2/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
Minimum Deposit
$100
Spread from0.1 pips
FIBO Group Logo
10
Minimum Deposit
$1
Spread from0 pips
4.1/5
Read FIBO Group reviewFIBO Group review
RegisterTrading CFDs carries high risks. You may lose all invested funds
10
FIBO Group Logo
4.1/5
FIBO Group review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0 pips
AMarkets Logo
1
Minimum Deposit
$100
Spread from0 pips
4.4/5
Read AMarkets reviewAMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
1
AMarkets Logo
4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$100
Spread from0 pips
Roboforex Logo
2
Minimum Deposit
$10
Spread from0 pips
4.4/5
Read Roboforex reviewRoboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
2
Roboforex Logo
4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$10
Spread from0 pips
FxPro Logo
3
Minimum Deposit
$100
Spread from0 pips
4.4/5
Read FxPro reviewFxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
3
FxPro Logo
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$100
Spread from0 pips
Deriv Logo
4
Minimum Deposit
$1
Spread from0.5 pips
4.3/5
Read Deriv reviewDeriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
4
Deriv Logo
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0.5 pips
Admirals Logo
5
Minimum Deposit
$1
Spread from0 pips
4.3/5
Read Admirals reviewAdmirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
5
Admirals Logo
4.3/5
Admirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0 pips
OANDA Logo
6
Minimum Deposit
$1
Spread from0.5 pips
4.3/5
Read OANDA reviewOANDA review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
6
OANDA Logo
4.3/5
OANDA review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Minimum Deposit
$1
Spread from0.5 pips
HF Markets Logo
7
Minimum Deposit
$1
Spread from0 pips
4.3/5
Read HF Markets reviewHF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
7
HF Markets Logo
4.3/5
HF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0 pips
FBS Logo
8
Minimum Deposit
$5
Spread from0.7 pips
4.3/5
Read FBS reviewFBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
8
FBS Logo
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$5
Spread from0.7 pips
HYCM Logo
9
Minimum Deposit
$100
Spread from0.1 pips
4.2/5
Read HYCM reviewHYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
9
HYCM Logo
4.2/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
Minimum Deposit
$100
Spread from0.1 pips
FIBO Group Logo
10
Minimum Deposit
$1
Spread from0 pips
4.1/5
Read FIBO Group reviewFIBO Group review
RegisterTrading CFDs carries high risks. You may lose all invested funds
10
FIBO Group Logo
4.1/5
FIBO Group review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Minimum Deposit
$1
Spread from0 pips

1. AMarkets

AMarkets Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Cryptocurrency Stocks Bonds Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 5 MetaTrader 4
★4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead AMarkets review
1
About AMarkets
Founded in 2007
Countries of registration:
ck Flag
km Flag
Regulators:
FSC of Cook IslandsMISASVGFSA
AMarkets Logo
1
★4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
ck Flag
km Flag
Regulators:
FSC of Cook IslandsMISASVGFSA
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
compare AMarkets trading accounts

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

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

2. RoboForex

Roboforex Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Stocks ETF Precious Metals Energy Carriers Soft Commodities Futures
Trading Platforms
MetaTrader 5 MetaTrader 4 R WebTrader R MobileTrader R StocksTrader
★4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead Roboforex review
2
About Roboforex
Founded in 2009
Countries of registration:
bz Flag
Regulators:
BFSC
Roboforex Logo
2
★4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
bz Flag
Regulators:
BFSC
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
compare Roboforex trading accounts

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

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

3. FxPro

FxPro Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Cryptocurrency Stocks Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 4 FxPro Edge MetaTrader 5 cTrader TradingView
★4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead FxPro review
3
About FxPro
Founded in 2006
Countries of registration:
uk Flag
cy Flag
bs Flag
Regulators:
FCACySECSCB
FxPro Logo
3
★4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
uk Flag
cy Flag
bs Flag
Regulators:
FCACySECSCB
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTraderTradingView
compare FxPro trading accounts

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

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

4. Deriv

Deriv Logo
Spread fromEURUSD0.5pips
Trading Assets
Forex Indices Cryptocurrency Stocks ETF Precious Metals Energy Carriers
Trading Platforms
MetaTrader 5 Deriv X cTrader
★4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead Deriv review
4
About Deriv
Founded in 2020
Countries of registration:
my Flag
vg Flag
vu Flag
vc Flag
je Flag
mt Flag
Regulators:
LFSABVIFSCVFSCSVGFSAJFSCMFSA
Deriv Logo
4
★4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
my Flag
vg Flag
vu Flag
vc Flag
je Flag
mt Flag
Regulators:
LFSABVIFSCVFSCSVGFSAJFSCMFSA
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
compare Deriv trading accounts

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

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

5. Admirals

Admirals Logo
Spread fromEURUSD0pips
Trading Assets
Forex Indices Precious Metals Energy Carriers Soft Commodities Cryptocurrency Stocks ETF
Trading Platforms
MetaTrader 4 MetaTrader 5
★4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead Admirals review
5
About Admirals
Founded in 2001
Countries of registration:
cy Flag
jo Flag
uk Flag
ee Flag
au Flag
za Flag
ke Flag
sc Flag
ca Flag
Regulators:
CySECJSCFCAEFSAASICFSCACMASFSACIRO
Admirals Logo
5
★4.3/5
Admirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
cy Flag
jo Flag
uk Flag
ee Flag
au Flag
za Flag
ke Flag
sc Flag
ca Flag
Regulators:
CySECJSCFCAEFSAASICFSCACMASFSACIRO
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
compare Admirals trading accounts

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

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

6. OANDA

OANDA Logo
Spread fromEURUSD0.5pips
Trading Assets
Forex Indices Cryptocurrency Stocks Precious Metals Energy Carriers Soft Commodities Bonds
Trading Platforms
MetaTrader 5 MetaTrader 4 TradingView fxTrade
★4.3/5
Register71-76.6% of retail investors lose money when trading CFDs with this brokerRead OANDA review
6
About OANDA
Founded in 2001
Countries of registration:
us Flag
au Flag
ca Flag
uk Flag
jp Flag
vg Flag
sg Flag
pl Flag
Regulators:
NFACFTCASICCIROFCAJFSABVIFSCMASKNF
OANDA Logo
6
★4.3/5
OANDA review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
us Flag
au Flag
ca Flag
uk Flag
jp Flag
vg Flag
sg Flag
pl Flag
Regulators:
NFACFTCASICCIROFCAJFSABVIFSCMASKNF
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft CommoditiesBonds
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
compare OANDA trading accounts

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

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

7. HF Markets

HF Markets Logo
Spread fromEURUSD0pips
Trading Assets
Forex Stocks Indices Bonds ETF Cryptocurrency Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 4 MetaTrader 5 WebTrader
★4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead HF Markets review
7
About HF Markets
Founded in 2009
Countries of registration:
vc Flag
za Flag
sc Flag
cy Flag
uk Flag
ae Flag
ke Flag
Regulators:
SVGFSAFSCASFSAFCADFSACMA
HF Markets Logo
7
★4.3/5
HF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
vc Flag
za Flag
sc Flag
cy Flag
uk Flag
ae Flag
ke Flag
Regulators:
SVGFSAFSCASFSAFCADFSACMA
Trading Assets
ForexStocksIndicesBondsETFCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
compare HF Markets trading accounts

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

  1. Regulated by reputable financial authorities.
  2. Wide selection of trading assets.
  3. A variety of educational materials and analytical reviews.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

8. FBS

FBS Logo
Spread fromEURUSD0.7pips
Trading Assets
Forex Indices Stocks Cryptocurrency Precious Metals Energy Carriers
Trading Platforms
MetaTrader 4 MetaTrader 5 FBS Trader
★4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead FBS review
8
About FBS
Founded in 2007
Countries of registration:
bz Flag
cy Flag
au Flag
za Flag
Regulators:
BFSCCySECASICFSCA
FBS Logo
8
★4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
bz Flag
cy Flag
au Flag
za Flag
Regulators:
BFSCCySECASICFSCA
Trading Assets
ForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5FBS Trader
compare FBS trading accounts

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

  1. Regulated by major international organizations.
  2. Low spreads and commissions.
  3. Wide range of trading assets.
  4. Extensive database of educational materials and analytical tools.
  5. Support for various trading platforms.

Cons

  1. Limited choice of trading accounts.
  2. Limited choice of account currency.

9. HYCM

HYCM Logo
Spread fromEURUSD0.1pips
Trading Assets
Forex Stocks Indices Cryptocurrency ETF Precious Metals Energy Carriers Soft Commodities
Trading Platforms
MetaTrader 4 MetaTrader 5
★4.2/5
Register71-74% of retail investors lose money when trading CFDs with this brokerRead HYCM review
9
About HYCM
Founded in 1976
Countries of registration:
uk Flag
cy Flag
ky Flag
ae Flag
Regulators:
FCACySECCIMASVGFSADFSA
HYCM Logo
9
★4.2/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
Countries of registration:
uk Flag
cy Flag
ky Flag
ae Flag
Regulators:
FCACySECCIMASVGFSADFSA
Trading Assets
ForexStocksIndicesCryptocurrencyETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5
compare HYCM trading accounts

HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.

HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.

Pros and Cons of HYCM

Pros

  1. Well-regulated broker.
  2. An extensive set of educational materials.
  3. Diversity of trading assets.

Cons

  1. Absence of proprietary trading platform.
  2. No social trading.

10. FIBO Group

FIBO Group Logo
Spread fromEURUSD0pips
Trading Assets
Forex Cryptocurrency Precious Metals Energy Carriers Soft Commodities Indices
Trading Platforms
MetaTrader 4 cTrader MetaTrader 5
★4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsRead FIBO Group review
10
About FIBO Group
Founded in 1998
Countries of registration:
vg Flag
Regulators:
BVIFSC
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10
★4.1/5
FIBO Group review
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Countries of registration:
vg Flag
Regulators:
BVIFSC
Trading Assets
ForexCryptocurrencyPrecious MetalsEnergy CarriersSoft CommoditiesIndices
Trading Platforms
MetaTrader 4cTraderMetaTrader 5
compare FIBO Group trading accounts

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

  1. A wide selection of trading and investment accounts.
  2. Low spreads, which facilitates more profitable trading.
  3. A wide range of payment methods.
  4. Availability of various trading platforms.
  5. Comprehensive analytics and educational materials.

Cons

  1. An inactivity fee.
  2. Withdrawal fees.
  3. The absence of stocks and ETFs in the range of instruments.

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:

  1. 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.

  2. The positions of brokers in the list are based on our Forex broker ranking, which considers the overall reliability and quality of services.

  3. 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:

  1. 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.
  2. Read the terms and conditions: Review the broker's documentation to understand their execution policy.
  3. Ask customer support: Contact the broker's support team and inquire about their execution model.
  4. 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.

Nikolay Zavarov - AuthorNikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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