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27 Best STP Forex Brokers

Best STP Forex Brokers

 

Straight Through Processing, or more commonly referred to as STP, is an automated process and does not include any manual intervention.

 

 

Here are the 10 Best handpicked STP Forex Brokers

 

STP requires that brokers have not only the necessary systems but also the technical networking so that it can be facilitated more efficiently.

 

 

 

It is most popularly used in payment processing along with the processing of securities trades.

Let’s get started with the list…

 

Blueberry Markets

 

Overall Rating

4.4/5

Rated #14 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

Blueberry Markets is a reputable Australian-based online trading broker which was established in 2016 and has authorization and regulation through ASIC.

When trading with Blueberry Markets, traders have access to global markets in trading a variety of financial instruments through the user-friendly, highly customizable, and reliable MetaTrader 4 trading platform.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
Client funds are kept in segregated accounts No Cryptocurrency trading
Commission-free trading offered Limited financial instruments
Competitive trading conditions No Islamic Account option
Both MetaTrader 4 and 5 offered

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $100
Average spread from 0.0 pips
Commissions from $7
Deposit/Withdrawal Fees No
Maximum Leverage 1:500
Bonuses None
Customer Support 24/7 – English

 

Tickmill

 

Overall Rating

4.7/5

Rated #3 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

62

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

Tickmill is a reputable ECN and STP online broker which has been offering online trading services and solutions since 2015. Tickmill caters adequately to both retail and institutional clients.

Tickmill offers more than 80 financial instruments which can be traded over powerful, reliable trading platforms along with offering trading conditions that are competitive and comprehensive in providing traders with a dynamic trading experience and environment.

 

Pros and Cons

✔️ PROS ❌ CONS
Regulation through multiple entities No US Clients
The commission-free trading account offered Fixed spread accounts are not offered
Variety of trading tools provided No Cryptocurrency trading
Tight spreads
Low commissions charged

 

Features

Feature Information
Regulation FCA, CySEC, FSA
Minimum deposit from $100
Average spread from 0.0 pips
Commissions from From $1
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5 – multilingual

 

Forex.com

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

From its inception in 2001 until now, Forex.com has recorded over 200,000 registered traders from around the globe and offers its traders access to global markets and tradable financial instruments which are spread across numerous asset classes.

Forex.com is one of the leading global online trading brokers which has, through the years, earned the trust and the loyalty of its clients through the provision of competitive trading conditions along with fast execution speeds.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated Limited payment methods supported
US Clients allowed Fix spreads accounts not offered
Advanced trading platforms
Advanced trading tools
Exceptional execution scorecard

 

Features

Feature Information
Regulation ASIC, CFTC, FCA, FSA, IIROC, JFSA, NFA
Minimum deposit from $50
Average spread from $0.11 on XAU/USD
Commissions from $0 – $5
Deposit/Withdrawal Fees No
Maximum Leverage 1:50
Bonuses Yes – Active Trader
Customer Support 24/5

 

CMTrading

 

Overall Rating

4.8/5

Rated #7 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

154

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

As one of the largest online brokers in South Africa, CMTrading provides traders from around the world with access to a wide range of Forex and CFD financial instruments which can be traded through powerful, popular trading platforms.

CMTrading also offers an adequate selection of educational material and provides traders with regular market analysis. Founded in 2012, CMTrading has won substantial awards such as Best Financial Broker in Africa 2019, and many more.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
Commission-free trading offered High minimum deposit
Variety of educational sources Fixed spread accounts not offered
Hedging and scalping allowed
Range of trading tools

 

Features

Feature Information
Regulation FSCA
Minimum deposit from $250
Average spread from €/$ – 0.9 pips
Commissions from $0
Deposit/Withdrawal Fees Not indicated
Maximum Leverage 1:400
Bonuses Yes
Customer Support 24/5 – multilingual

 

HotForex

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

HotForex is a multi-asset broker which is based in Cyprus and offers traders the best possible trading solutions, trading conditions, and a dynamic, unique trading experience and environment.

Traders have access to a wide variety of financial instruments when making use of HotForex to facilitate trades and as the brand name of HF Markets (Europe) Ltd., HotForex places great focus on client fund security, amidst several other features.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
Strong international presence
Competitive trading conditions
Great variety of account options

 

Features

Feature Information
Regulation CySEC, FCA, DFSA, FSCA
Minimum deposit from $5
Average spread from 0.0 pips
Commissions from $3
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5 – multilingual

 

Orbex

 

Overall Rating

4.8/5

Rated #53 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

FSC

📱 Trading Desk

MetaTrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

Orbex is an STP and ECN broker which was established in 2010 and is based in Cyprus and Mauritius. While Orbex Global Limited is regulated by FSC, Orbex is also registered with numerous reputable supervisory authorities such as FCA, BaFin, FSA, and more.

When trading through Orbex, traders have access to numerous financial instruments along with access to the powerful, user-friendly MetaTrader 4 trading platform in addition to innovations such as Forex charting, automated trading tools and resources, and more.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
Seamless execution No Stocks or Cryptocurrency trading
Variety of account options High minimum deposit
MetaTrader 4 offered No support for social trading
Competitive trading conditions

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $200
Average spread from 0.0 pips
Commissions from $5
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5 – multilingual

 

JFD Bank

 

Overall Rating

4.4/5

Rated #42 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

CySec, BaFIN, VFSC

📱 Trading Desk

Meta Trader 5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

JFD Bank is a DMA and STP broker which has offices in Germany, Cyprus, and Vanuatu with respective BaFin, CySEC, and VFSC regulation and authorization in offering traders with comprehensive and competitive trading solutions and services.

Traders have access to over 1,500 financial instruments which can be traded across a variety of asset classes in numerous global markets along with the use of powerful trading platforms through which such trades can be executed.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
MAM Accounts offered Fixed spread accounts not offered
Mirror trading offered High minimum deposit
MetaTrader offered
Discounted VPS access offered

 

Features

Feature Information
Regulation BaFin, CySEC, VFSC
Minimum deposit from $500
Average spread from 0.0 pips
Commissions from $0.03 on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses None
Customer Support 24/5 – multilingual

 

Markets.com

 

Overall Rating

4.7/5

Rated #199 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

📱 Trading Desk

MetaTrader 4

MetaTrader 5

Markets.com propietary platform

Crypto

Yes

📈 Total Pairs

67

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

Markets.com is a well-regulated STP broker which has offices in Australia, Cyprus, and South Africa and has been in operation since 2008 in offering traders from around the world dynamic, competitive, and comprehensive trading solutions.

Traders have access to over 2,200 tradable financial instruments and Markets.com provides thousands of real-time quotes to more than 5 million traders who have registered accounts.

 

Pros and Cons

✔️ PROS ❌ CONS
Strict regulation No regulation by FCA
Great variety of financial instruments No US Clients
Commission-free accounts offered Best trading conditions requires a professional account
Advanced trading tools
Fixed spreads offered

 

Features

Feature Information
Regulation ASIC, CySEC, FSCA
Minimum deposit from $100
Average spread from 0.6 on EUR/USD
Commissions from $0
Deposit/Withdrawal Fees None
Maximum Leverage 1:300
Bonuses Yes
Customer Support 24/5 – multilingual

 

Blackbull Markets

 

Overall Rating

4.7/5

Rated #12 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FMA, FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Tradeable assets

23 000

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

Established in 2014, Blackbull Markets is a reputable and well-regulated STP, ECN, and DMA online broker which operates through an NDD model which provides traders not only with the best trading conditions but also access to a large variety of financial instruments.

Despite the trading needs, objectives, or level of experience of traders, Blackbull Markets offers adequate solutions to each individual trader as the fee schedules are transparent and there is an array of features on the account types offered.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
Commission-free trading offered No Fixed spread accounts
ECN, STP, and NDD trading models Limited trading tools
Access to prime liquidity providers No Cryptocurrency trading
Competitive trading conditions

 

Features

Feature Information
Regulation FSPR
Minimum deposit from $200
Average spread from 0.1 pips
Commissions from $6 round turn per lot
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5 – multilingual

 

Alpari

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

 

Overview

Alpari is a reputable and well-regulated STP and ECN broker which was established in 1998 and has over 2 million registered traders from more than 150 countries in the world.

Alpari has a rich history in providing traders with some of the best trading conditions along with a dynamic trading environment and experience in offering the trade of numerous financial instruments which are spread over a variety of asset classes.

 

Pros and Cons

✔️ PROS ❌ CONS
Strictly regulated Some countries are restricted from Alpari’s services
MetaTrader 4 and 5 offered Limited financial instruments offered
PAMM Accounts offered Fixed spread accounts not offered
Superior customer support in multiple languages

 

Features

Feature Information
Regulation FSC, FSA
Minimum deposit from $5
Average spread from 0.4 pips
Commissions from $1.5
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:1000
Bonuses Yes
Customer Support 24/5 – multilingual

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

FXTM is a reputable STP and ECN broker which was established in 2011 with headquarters that are based in the UK, Cyprus, South Africa, and Mauritius.

Traders are offered comprehensive trading conditions which consist not only of some of the tightest spreads in the industry, but also good execution speeds, advanced trading tools, and numerous tradable financial instruments.

 

Pros and Cons

✔️ PROS ❌ CONS
Strictly Regulated US Clients not allowed
Variety of account types offered EU-clients restricted to 1:30 Leverage
Commission-free trading accounts offered
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, FCA, FSC, FSCA
Minimum deposit from $10
Average spread from 0.0 pips
Commissions from $2
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:2000
Bonuses Yes
Customer Support 24/5 – multilingual

 

IG

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Overview

IG is an STP, ECN, and DMA broker which was established in 1974 and has a strong global presence in numerous countries along with jurisdictions with multiple regulations and authorization through reputable, strict, and demanding regulatory entities.

Traders can trade a wide variety of tradable financial instruments along with a choice between a variety of account types that are tailored to the different trading needs and objectives of various traders.

 

Pros and Cons

✔️ PROS ❌ CONS
Multi-regulated High minimum deposit
Powerful trading platforms offered
Variety of tradable financial instruments
Variety of account types offered
Competitive trading conditions

 

Features

Feature Information
Regulation FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.
Minimum deposit from $250
Average spread from 0.1 pips on Indices
Commissions from 0.10% CFD EU
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None
Customer Support 24/5 – multilingual

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

XM, established in 2009, provides online trading services and solutions to a variety of traders from across the globe. The trading conditions provided by XM are not only competitive but aim to suit the needs of various traders.

There are over 2.5 million traders from around 196 countries who have registered accounts with XM. Traders are provided with some of the best trading conditions along with multilingual support and trading which can be executed through powerful platforms.

 

Pros and Cons

✔️ PROS ❌ CONS
Strictly regulated US Clients not allowed
Negative balance protection offered Fixed spread accounts not offered
Competitive trading conditions
Variety of account types offered

 

Features

Feature Information
Regulation FCA
Minimum deposit from $5
Average spread from 0.0 pips
Commissions from $1
Deposit/Withdrawal Fees None
Maximum Leverage 1:888
Bonuses Yes
Customer Support 24/5 – multilingual

 

FP Markets

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

As an ECN, STP, and DMA broker which was established in 2005, FP Markets has an award-winning history through its provision of an impressive portfolio of tradable financial instruments along with competitive trading conditions.

FP markets have transparent pricing and claim to have fast execution speeds and provide traders with powerful trading platforms through which trading activities can be executed.

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated No US Clients
Variety of financial instruments offered Fixed spread accounts not offered
Commission-free trading offered

 

Features

Feature Information
Regulation ASIC, CySEC, SVGFSA
Minimum deposit from AU$100
Average spread from 0.0 pips
Commissions from US$3
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5 – multilingual

 

Go Markets

 

Overall Rating

4.9/5

Rated #34 of
Recommended FX Brokers

💰Minimum Deposit

$200

🌐 Regulators

ASIC, CySec, FSC, FSA and SCA

📱 Trading Desk

Hybrid

Crypto

Yes

📈 Total Pairs

600

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2006, Go Markets is a reputable online broker which is based in Australia and offers more than 80,000 traders from around the globe competitive trading conditions and comprehensive trading solutions and services.

The trading conditions provided by Go Markets are reliable, powerful, and flexible in catering for a variety of traders despite their trading needs, objectives, and level of trading experience.

 

Pros and Cons

✔️ PROS ❌ CONS
Strictly regulated No US Clients
Commission-free trading accounts offered Fixed spread accounts not offered
Free VPS access
MetaTrader 4 and MetaTrader 5 supported

 

Features

Feature Information
Regulation ASIC
Minimum deposit from AU$200
Average spread from 0.0 pips
Commissions from $3
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses Yes
Customer Support 24/5 – multilingual

 

Dukascopy

 

Overall Rating

4.6/5

Rated #17 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FINMA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Dukascopy is a reputable and popular STP and ECN broker which was established in 2004 and is based in Switzerland. Dukascopy offers traders direct market access, or DMA, along with competitive trading conditions.

The trading conditions offered consist of tight spreads, instant execution, and the lowest possible commission charges on trades in the industry.

 

Pros and Cons

✔️ PROS ❌ CONS
Strictly regulated US Clients not allowed
Multiple advanced trading tools offered MetaTrader 5 not offered
Flexible trading platforms supported Trading platforms offered according to the account type chosen
PAMM Accounts offered

 

Features

Feature Information
Regulation FINMA, FSA
Minimum deposit from $100
Average spread from 0.1 pips
Commissions from $5 per million USD
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:200
Bonuses Yes
Customer Support 24/5 – multilingual

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators