STP Forex brokers are preferred among professional and serious forex traders, as STP technology offers many trading benefits such as:
- Faster order execution
- Lower spreads
- Reducion of slippage
- No requotes
Learn more about why you should use STP brokers below.
What are STP Brokers?
Straight Through Processing or STP, means that the broker automatically processes your trades without any manual intervention from a dealing desk.
Spreads are variable as the broker is dependent on the quotes from the external liquidity providers.
The broker either adds a fee through a spread markup or charges you through a fixed commission.
Best STP Forex Brokers
Below are a couple of brokers who use ECN/STP technology and are highly regarded among traders.
Skilling
Skilling offers trading in more than 900 instruments through Skilling Trader, cTrader, and MT4.
Regulated by CySEC (1:30 leverage) and the Seychelles FSA (1:500 leverage).
Order execution is extremely fast with speeds from 5ms.
🏆 Best Overall Broker 2022
✅ Up to 1:500 leverage
✅ Skilling Trader, MT4 & cTrader
✅ 900+ instruments
✅ Nordic Fintech
✅ Fast 24/5 customer support
Pepperstone
Pepperstone is used by more than 300,000 traders due to low costs, several trading platforms (MT4, MT5, cTrader, TradingView), and reliable ECN/STP technology.
🏆 Best TradingView Broker 2022
✅ 1:30 | 1:400 leverage
✅ MT4, MT5 & cTrader
✅ 1200+ instruments
✅ Raw interbank spreads
✅ Fast 24/5 customer support
Conclusion
Using an ECN/STP broker is usually recommended for all serious traders as it greatly enhances the trading experience.
STP Brokers will either add a markup on the raw spreads or charge you a fixed commission, which varies, but often from $7 per round turn lot.
