5 best STP Forex brokers – Comparison and list for traders

The forex trading market is burgeoning. And not without good reason.

STP brokers are legion and popular with forex traders who want transparency and don’t like paying commission fees or receiving requotes.

Unfortunately for forex traders, the field is densely packed with brokers using straight-through processing. As you would expect, some are better than others. Some go the proverbial “extra mile” by offering features, innovations, and superior service touches that show they genuinely care about their clients. Others maybe not so much.

See the list of the 5 best STP Forex brokers here:

STP Broker:
Straight-Through processing:
1. RoboForex
RoboForex logo
Starting from 0.1 pips
+ Free Demo Account
+ Start with a small amount of money
+ Bonus Programm
+ Low spreads and commission
+ Professional Support
STP account from $10(Risk warning: Your capital might be at risk)
2. XTB
XTB Logo
Starting from 0.1 pips
+ More than 3,000 different markets
+ Very good trading conditions
+ Direct market access
+ Bonus Programm
STP account from $0(Risk warning: 72% of retail CFD accounts lose money)
3. Vantage Markets
Vantage Markets logo
Starting from 0.0 pips
+ Real ECN Trading
+ Very fast execution
+ No hidden fees
+ Low trading fees
+ Supports MetaTrader 4/5
+ Free bonus available
STP account from $200(Risk warning: Your capital can be at risk)
4. FxPro
The official logo of FxPro
Starting from 0.2 pips
+ Advanced and highly-functional software
+ User-friendly platforms
+ Offers mobile trading
+ Offers free demo account
+ Reliable and competitive spreads
STP account from $100(Risk warning: 72.87% of CFD accounts lose money)
5. FP Markets
The official logo of FPMarkets
Starting from 0.0 pips
+ Regulated by ASIC
+ Segregates customer’s funds in top-tier banks
+ Offers transparent trading experience
+ 24/5 customer support
+ Offers free educational materials
STP account from $100(Risk warning: Your capital might be at risk)

Who`s best for STP?

To help you machete a path through the undergrowth of STP forex brokers, we have compiled a review of the 5 best. There are hundreds to go through. However, we ran our discerning rule over the best of the bunch. We whittled down to a shortlist of five using the criteria you would use.

What we present here are the five STP forex brokers we consider to be exceptional. They are all different. Some are better suited to experienced forex traders. Some made it onto our review because they do a first-class job supporting forex beginners and honing their trading skills.

They all have one thing they share, though, a commitment to transparency and doing their best for their clients, regardless of their trading volume.

The 5 best STP forex brokers

The list of the 5 best forex STP brokers includes:

  • RoboForex – High leverage of up to 1:2000 possible
  • XTB – User-friendliness at its peak
  • Vantage Markets – Award-winning broker
  • FxPro – The pro choice for both beginners and advanced traders
  • FP Markets – Great reputation in the industry

What is STP (Straight Through Processing)?

Straight Through Processing

Before jumping straight into our STP forex broker guide, it is a good idea first to nail down what STP means.

It’s an automated electronic money transfer process that does not require human intervention. It is faster than going through the traditional banking system. You have probably heard of ACH and SWIFT; STP is an upgrade that streamlines the process by doing away with entering payment and routing information manually.

In forex, brokers use STP to transfer all customer orders directly to their liquidity provider. It is essentially a means of transferring the inherent risk involved.

Say, for example, you decide to buy 2 lots of EUR/USD. When you placed the order, your broker did the same with their liquidity provider.

The liquidity provider offers your broker premium spreads, who then markup this spread to the customer. The difference in the spread between the liquidity provider and the broker price is how they earn a crust.

Let’s imagine that a forex broker is applying a 1 pip spread markup on Euro/US dollar pairs with 200 clients who are trading ten times daily. The broker potentially stands to earn around 2,000 pips every day.

Forex traders often deal with STP because they can be confident there’s no price manipulation behind the scenes.

1. RoboForex – High leverage of up to 1:2000 possible

The official website of RoboForex
The official website of RoboForex

Established in 2009, the trajectory of RoboForex has been steeply upward ever since.

Today, this Belize-regulated forex broker has more than 800,000 clients from 169 countries on the books. Not too shabby by any measure.

The success of RoboForex has not gone unnoticed by the industry. In 2020 alone, RoboForex collected six prestigious industry awards to underline its stellar performance. Like Andrei Kulebin, the world-class kickboxing and Muay Thai champion that they sponsor, RoboForex is no stranger to picking up titles in the face of fierce competition.

RoboForex logo

Among their haul of silverware, last year was the Most Trusted Broker in International Business Magazine Awards, Most Transparent Asian Forex Broker in the Global Forex Awards retail category, and Best Global Mobile Trading App in the Global Forex Awards B2B category.

Offshore regulation aside, RoboForex appears to be a relatively safe bet as client funds are kept in segregated trading accounts, and they have negative balance protection. They have, in addition, signed up for the Financial Commission’s Compensation Fund. Furthermore, their order executions are audited by Verify My Trade. They also have Civil Liability insurance against fraud, errors, omissions, negligence, and other risks that could potentially lead to financial loss for clients.

As STP brokers go, RoboForex is an intriguing proposition. Firstly, until the end of 2021, RoboForex is running a promotion on Prime Accounts with no minimum deposit, increased leverage of up to 1:300, and spreads down to zero pips.

While Prime is the most popular choice for advanced traders, it is just one of a raft of account types on offer. Pro and experienced traders should investigate the ECN and R Trader accounts, respectively.

Beginners, as well as those with forex experience, are better off with a Pro-Cent or Pro-Standard account.

Benefits of RoboForex:

  • Spreads from zero pips
  • Leverage of up to 1:2000
  • Trade more than 40 currency pairs
  • MetaTrader 4 and MetaTrader 5, cTrader, RTrader, RWebTrader, plus CopyFX
  • Multiple account types
  • Low initial deposits
  • Promotions and bonuses
  • Regulated by IFSC Belize

(Risk warning: Your capital can be at risk)

2. XTB – User-friendliness at its peak

The official website of XTB
The official website of XTB

Would you base your forex trading platform decisions on the word of a football manager? Admittedly, a highly successful one, to be fair.

XTB seems to think so. They have brought José Mourinho into their squad as a Brand Ambassador.

Putting footballing metaphors on the bench, for now, XTB is an STP broker that will always book a place in our forex guide.

Though relatively latecomers, they were founded in 2016; XTB has made some significant inroads into the market and picked up some critical industry awards along the way.

Unlike other forex brokers, they have opted not to adopt MetaTrader. Instead, they have developed their in-house platform, which has been recognized for its ease of use and speed. It is now in its fifth iteration and is also available as a mobile app.

XTB Logo

However, it would be best if you did not let this put you off too much. XTB demo account that gives you four weeks of risk-free fantasy trading with £100,000 virtual funds, with tight spreads from 0.2 pips and 1:30 leverage. Hopefully, a month should be long enough to get a handle on the X-Station and try out some forex trading strategies before committing to a live account.

Where XTB also excels is in its commitment to learning and training, regardless of your level of forex trading experience. The courses are pitched at basic, intermediate, and expert levels, with a handy search by the subject tool. XTB also offers premium content in their Trading Academy, but you need to open a live account to access this.

Benefits of XTB:

  • One of the largest forex brokerages
  • Multiple award winner
  • Highly regulated
  • 15 years’ worth of experience and offices in 13 countries
  • 24/5 customer support
  • Extensive training resources for beginners and experienced traders
  • Easy-to-use platform
  • Fast execution speeds

(Risk warning: 72% of retail CFD accounts lose money)

3. Vantage Markets – Award-winning broker

The official website of Vantage
The official website of Vantage

Vantage Markets is among the best brokers out there. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading.

The broker offers you the options you need for professional trading. Vantage Markets is a reputable and trustworthy broker with an extensive and favorable trade offer for international traders.

If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account.

Vantage Markets offers comprehensive support via phone, chat, or email. On weekdays, support is available 24 hours a day at the regular market opening hours.

Vantage Markets logo

Client funds are kept with the National Australia Bank. This bank has the highest rating and a market capitalization of more than $ 93 billion. This is one of the safest banks in the world, and client funds are kept separate from company funds. Vantage Markets is one of the safest brokers in the world compared to other brokers due to the facts mentioned above. No other company offers such security as Vantage Markets through so many parts of the business.

Unfortunately, support is only available in English. The website has been translated into German, Chinese, Indonesian, and more. The support is in English, and other languages are missing. Still, you can only expect some supported languages from an Australian broker. The support for Vantage Markets is lightning fast, especially over the chat; you get a speedy service.

The significant advantage of the broker is that there are no fees on the withdrawal. However, there may be fees charged by your personal bank for an international wire transfer. In summary, the withdrawal process works smoothly with this broker and is also free of charge!

  • Payouts take a maximum of 3 days
  • Within the week, withdrawals are processed within 24 hours
  • No additional fees

Vantage Markets at a glance:

  • Australian broker founded in 2009
  • International Broker, which accepts any clients
  • Transparent trading with leveraged derivates
  • Works with big liquidity providers
  • Actual ECN orders and CFDs (Contract for Difference)
  • Over 300 different markets
  • Several account models (commission-based and spread-based)
  • Leverage up to 1:500
  • Very cheap trading fees

(Risk warning: Your capital can be at risk)

4. FxPro – The pro choice for both beginners and advanced traders

The official website of FxPro

Don’t be dissuaded by the name. FxPro is for everyone; the pro part relates to their mission statement of enabling people to trade like professionals while on the go.

You can be assured FxPro knows what it is doing, as they have been around since 2006. You don’t achieve that level of longevity without some serious hard work and thought being expended on your service offering.

It shows too. As part of the FxPro drive to have the broadest possible appeal, FxPro has invested in training and learning resources. Even if you have dabbled in forex before or are a complete novice in the arena, taking a swing by FxPro’s training section is highly recommended. You don’t even need to register. Courses are pitched at beginner and advanced levels, which is excellent as you are never done learning about forex. You can never know enough, and there’s always something new to learn every day.

The official logo of FxPro

This commitment to learning is just as well if you are a beginner. FxPro gives their users multiple choices in account types and platforms, namely MetaTrader 4 and 5, cTrader, and FxPro’s in-house developed platform, FxPro EDGE.

All five account types are platform-centric. With so many choices, the FxPro website makes life a little easier with a side-by-side comparison. However, though FxPro uses STP technology, they classify themselves as Non-Desk Dealing as it better reflects their order execution method. The upshot is that there are virtually no requotes and no human intervention that can affect the price.

Their operations are well regulated, with their various entities licensed in Cyprus, the UK, the Bahamas, and South Africa.

Benefits of FxPro:

  • Excellent learning resources
  • Trade over 70 forex pairs
  • Choice of four trading platforms
  • Well regulated
  • Ultra-fast order execution
  • Retail and institutional clients in 170 countries
  • Negative balance protection
  • Fully segregated client funds

(Risk warning: 72.87% of CFD accounts lose money)

5. FP Markets – Great reputation in the industry

The official website of FP markets
The official website of FP markets

As a global forex broker who won multiple industry awards (four times winning Best Trade Execution) and has cutting-edge tech, FP Markets was always on our mind when compiling this review.

With a $100 FP markets minimum deposit and access to leverage of up to 1:500, they were always going to be difficult to leave out. But be assured that FP Markets got into our top 5 best forex STP broker reviews on merit rather than sentiment.

As well as the iconic software that is MetaTrader 4 and 5, FP Markets also offer WebTrader and a brand new mobile app to ensure you can connect to your trading dashboard wherever you happen to be.

The official logo of FPMarkets

Interestingly, they have also added Iress, a new and comprehensive active trading platform replete with advanced features. When logged into the Iress platform, you have the option of Iress Trader or Iress ViewPoint to work with. The latter gives you 360-degree data coverage to help make the most of forex trading opportunities via Iress Trader as soon as they arise.

Boldly, perhaps, FP Markets state that Iress ViewPoint is the future of online trading. Time will tell if they are correct. You can trade forex on the Iress platform, but FP Markets don’t overtly spell that out. Possibly this is because the minimum balance is $1,000 for the Standard account, $25,000 for the Platinum account, and $50,000 for the Premium account.

However, there is a brace of forex-dedicated accounts to look at instead. Both require only a starting balance of $100 and provide trading with leverage of up to 1:500.

Benefits of FP Markets:

  • Trade 60 plus currency pairs
  • Spreads from 0.0 pips
  • Fast order execution speed
  • Tier one regulated
  • Good liquidity
  • Allows auto-trading
  • Multilingual support 24/5
  • Personal account managers

(Risk warning: Your capital can be at risk)

Who are the best STP forex brokers?

We have rounded up the five best brokers in this review. Namely, RoboForex, XTB, Vantage Markets, FxPro, and FP Markets. However, bear in mind that it spans more than order execution speed. Several other variables are to consider, including forex trading experience, trading goals, personal preferences, etc. In this guide, we have strived to come up with the 5 best all-rounders, with an appeal for forex newbies and more experienced trading hands.

Do STP brokers issue requote?

Due to the way STP forex brokers operate, there are no requotes. An STP Forex broker does not set forex buy and sell prices or hold liquidity. The forward positions to liquidity providers who buy and sell for them.

Do STP brokers charge commissions?

STP brokers make their money by adding one pip to the market-set spreads. Generally, they do not add a commission fee; in essence, you pay a flat fee for their services. As a result, trading costs and pricing are transparent and upfront. You know in advance what you will be paying. No commission accounts are, therefore, convenient and easy to manage, making them good choices for forex beginners.

What is an NDD forex broker?

A Non-Dealing Desk broker is very similar to STP. There’s no human intervention required to execute an order. NDD forex brokerage is plugged straight into the interbank market. There is no price requotes, and generally, the spreads are noticeably lower. However, as the spreads are not fixed, they can be volatile. An NDD broker will charge a commission fee on each trade or increase the spread.

Conclusion – Pick one of the 5 best STP forex brokers!

Thumbs up - White hand in a green circle

The term ‘best’ is a slippery notion. It is arguably one of the most subjective ideas there is. One person best may be the polar opposite of another person. With this in mind, we ambitiously reviewed who we considered the top dogs of STP forex brokers.

We looked at who offered the best trading conditions, transparency, security, and reliability. What we arrived at, in our opinion, are the five STP brokers that stand out as good all-rounders for both inexperienced and experienced forex traders. All five have that intangible X factor that sets them apart from their peers in the forex brokerage world.

Our depth of knowledge and expertise has narrowed down the field to a handful. We understand that researching forex brokers is a laborious and often time-consuming task. So to help you out in your forex trading journey, we present our showcase. We are confident that this handful is the best and that you’ll find the forex broker that is a perfect fit.

No matter where you are on your forex journey, we have the ideal STP forex broker waiting for you at the beginning or somewhat down the road.

FAQ – The most asked questions about STP Forex brοkеrs: 

Arе STP Forex brοkеrs safе and secure?

STP Forex brοkеrs tеnd tο bе safе fοr thе mοst part duе tο thе influеncе οf thе financial sеctοr cοnduct authοrity. All brοkеrs οpеratе in accοrdancе with a rеgulatοry authοrity in thе financial markеts which еnsurеs thе prοtеctiοn οf invеstοrs’ intеrеsts. STP brokers are safe and secure.

Why straight thrοugh prοcеssing (STP) Forex brοkеrs nееds tο bе rеgulatеd? 

Describing the answer in detail. A rеgulatеd Straight Thrοugh Prοcеssing (STP) Forex brοkеr lοwеrs yοur risk. Brοkеr rеgulatiοn prοtеcts cοnsumеrs. Tοο littlе brοkеr rеgulatiοn can lеad tο pοοr sеrvicеs and pοssibly financial harm. Straight Thrοugh Prοcеssing (STP) brοkеrs arе rеgulatеd tο stοp fraud. Thе agеnt’s wοrking capital and cliеnts fundеd accοunt havе tο bе sеparatеd. 

What is thе bеst STP Forex brοkеr?

Thе bеst STP Forex brοkеr is Rοbοfοrеx. Wе cοnsidеr Rοbοfοrеx οnе οf thе bеst STP brοkеrs bеcausе Rοbοfοrеx is activеly usеd by οvеr 10000 activе tradеrs. Rοbοfοrеx is rеgulatеd by tiеr 1 financial rеgulatοrs including International Financial Services Commission (IFSC). Rοbοfοrеx wеrе fοundеd in 2009 and havе a hеadquartеrs in Cyprus. You can οpеn a livе trading accοunt with Rοbοfοrеx with as little as a 1 min dеpοsit. This is the only best STP broker.

Last Updated on February 17, 2023 by Andre Witzel

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