Best STP Brokers

The nature of the forex market means that brokers who can process trades instantly are critical to your trading success. Straight Through Processing (STP) brokers are among the most popular methods that FX traders use to ensure their orders go directly to the market – thereby cutting out dealing desks entirely.

In this article, we’ll cover the Best STP Brokers in detail, reviewing the top options available to you today and showing you how to get started with an STP broker in under ten minutes.

Best STP Brokers 2021 List

The eight options below represent the best STP brokers available to traders at present. In the following section, we explore each of these STP forex brokers in detail, helping you to make the right decision for your unique investment situation.

  • eToro – Overall Best STP Broker
  • Avatrade – Best STP Broker with MT4 and MT5 Support
  • – STP Forex Broker with 0% Commissions
  • Vantage FX – Best STP Broker for Quick Execution
  • Libertex – STP Broker offering ZERO Spreads
  • Pepperstone – Best STP Broker for Active Traders
  • FXTM – Best STP Broker for Experienced Traders
  • XTB – Best STP Broker for Leverage

Best STP Brokers Reviewed

When it comes to forex brokers, it can seem daunting to decide which one to open an account with. Various factors must be considered, such as fee structure and product range, to ensure the choice you make is suitable for your investment goals. To help smooth this process, this section covers the top STP brokers available for traders today – ensuring you have all the information you need to make an optimal decision.

1. eToro – Overall Best STP Broker

etoro logoOur top pick when it comes to STP brokers is eToro. eToro has a fantastic reputation in the forex market thanks to regulation from both the FCA and the FSCS. One of the main selling points of eToro’s platform is that they do not charge any commissions when you place a trade – the only thing you’ll have to consider is the spread. Notably, eToro’s spreads are incredibly tight – examples include spreads as low as one pip for EUR/USD and USD/JPY.

etoro stp broker

eToro also offers a vast selection of currencies to trade, ensuring users have access to a whole host of trading opportunities. Traders can also make sure of eToro’s extensive charting capabilities, including a wide array of indicators for conducting technical analysis. eToro also provides a handy news feed and an economic calendar, which helps traders keep up with market conditions.

In addition to eToro’s attractive trading conditions, they also offer a unique ‘CopyTrader’ feature which allows users to copy the trades of experienced eToro traders automatically. This essentially allows your trading to be automated, as the trader you copy will have conducted all of the research beforehand, meaning you can just sit back and reap the rewards. Finally, eToro offers completely free deposits from a minimum of only $200 – and no monthly account fees or inactivity fees are charged either.


  • Heavily regulated trading platform used by over 20 million people
  • 0% commission on stocks and ETFs
  • Spread-only pricing structure on crypto, indices, forex, and commodities
  • Very easy to use – ideal for beginners
  • The minimum stake starts at $25 per trade
  • Supports debit/credit cards, bank transfers, and e-wallets
  • Copy Trading features promote passive investing


  • Charting analysis tools are a bit basic

67% of retail investors lose money trading CFDs at this site


2. Avatrade – Best STP Broker with MT4 and MT5 Support

avatrade logoAvatrade makes our list as they offer a great trading environment for FX traders and ensure that orders are facilitated as quickly as possible through their STP methodology. Avatrade is currently one of the best MT4 brokers (with added MT5 support), which is a massive benefit for many FX traders. MT4 and MT5 support adds a different dimension to forex trading as it allows tools such as forex robots and custom indicators to be used – adding a further level of sophistication to market activities.

avatrade stp broker

Avatrade’s platform employs a variable spread structure, which means that spread will fluctuate depending on market conditions. However, Avatrade’s spreads tend to be very tight and can drop as low as 0.8 pips for specific pairs. In terms of selection, Avatrade offers over 50 currencies to trade and provide leverage of up to 1:400 for certain traders. Finally, Avatrade allows accounts to be opened with a minimum deposit of only $100 – perfect for traders looking to test the waters before investing more.


  • Regulated in 6 different jurisdictions
  • Supports CFD markets on forex, stocks, cryptocurrencies, and more
  • 0% commissions and low spreads
  • Compatible with both MT4 and MT5
  • Minimum deposit of just $100
  • Leverage offered on all markets


  • Some CFD classes are limited in scope

71% of retail investor accounts lose money when trading CFDs with this provider


3. – STP Forex Broker with 0% Commissions logoThe third addition to our list of the best STP brokers is has been in operation since 2016 and is regulated by the FCA and CySEC. The great thing about is that they do not charge any commissions when you place a trade – saving you a lot of money in the long run. Not only that,’s spreads are very competitive and can go as low as 0.8 pips for EUR/USD (depending on market conditions). fx market

Aside from their attractive fee structure, is also incredibly trader-friendly and offers a huge selection of educational materials. These materials include guides, articles, and a handy ‘ TV’ feature that helps traders keep up with market conditions. Another considerable benefit of is their low deposit threshold – their minimum deposit is only $20, which is perfect for new traders. In terms of deposit methods, accepts many major credit and debit cards, along with bank transfers and various e-wallets.


  • 0% commission and competitive spreads
  • Thousands of markets on offer
  • CFD asset classes include crypto, stocks, forex, and commodities
  • Minimum deposit of just $20
  • Supports debit/credit cards and e-wallets
  • Great for beginners
  • Full MT4 support
  • Leverage available – limits depend on your location


  • You can’t invest in the underlying asset – CFD instruments only

67.7% of retail investor accounts lose money when trading CFDs with this provider


4. Vantage FX – Best STP Broker for Quick Execution

VantageFX logo

Vantage FX has an excellent reputation in the forex community and offers various trading accounts designed to appeal to different types of traders. One of their most popular accounts is their ‘Standard STP’ account which provides access to institutional-rate spreads and increased liquidity. This account allows users to trade over 300 different assets – all for 0% commissions.

vantage fx stp account

Vantage FX ensures a low-latency trading environment that ensures your trades are executed as quickly as possible. They utilise the Equinix Fibre Optic network, which guarantees the fastest execution speeds. Aside from rapid transaction speeds, Vantage FX also offers up to 1:500 leverage for users and full compatibility with MT4 and MT5. Finally, Vantage FX allows deposits from as little as $200, with all funding methods being completely fee-free.


  • Super fast execution speeds
  • Deposits from only $200
  • Multiple account types on offer
  • Up to 1:500 leverage
  • No deposit fees


  • Investor protection is limited

Your capital is at risk when trading financial instruments with this provider


5. Libertex – STP Broker offering ZERO Spreads

libertex logoAnother great option when it comes to STP brokers is Libertex. The main selling point of the Libertex platform is the fact that it offers zero-spread trading on a huge selection of currency pairs. This means that you can receive market-leading prices when trading the forex market – and you’ll also avoid certain elements such as slippage. Instead of a spread, Libertex charges a commission on every trade that you place, and these commissions do not change depending on market conditions. Furthermore, commissions are typically very low – for example, EUR/USD commissions are as low as 0.008%.

libertex stp broker

Libertex also ensures that they cater to traders of various experience levels by offering both an online platform and full compatibility with MT4. In terms of asset selection, Libertex provides a tremendous selection of currencies to trade, including various minors and exotics. Finally, Libertex is regulated by CySEC and allows deposits from only $100.


  • ZERO spreads on all markets
  • Low trading commissions
  • Minimum deposit of just $100
  • Supports CFD instruments on stocks, crypto, ETFs, forex, commodities, and more
  • Debit/credit cards and e-wallets accepted
  • Heavily regulated and more than 20+ years in the trading space
  • MT4 and MT5 supported


  • CFD instruments only – no traditional ownership

83% of retail investor accounts lose money when trading CFDs with this provider


6. Pepperstone – Best STP Broker for Active Traders

Peppersone logo

If you are an active trader, then Pepperstone might be an excellent option for you. This broker has been in operation since 2010 and is regulated by the FCA, the BaFin, and ASIC. Pepperstone offers both a Standard account and a Razor account, with the latter being targeted towards traders who are more active in the markets. The Standard account allows you to trade with no commissions, although you’ll have to pay the spread; on the other hand, the Razor account offers exceptionally tight spreads, but you’ll pay a commission on each trade.

pepperstone stp account

Pepperstone’s account opening process is straightforward, and they do not have a minimum deposit threshold – meaning you can fund your account by an amount that suits you. In terms of deposit methods, Pepperstone accepts bank transfers, credit/debit cards, and various e-wallets. Notably, all deposits and withdrawals are free with this broker. Finally, Pepperstone offers full support for MT4, ensuring traders can optimise their trading through automation and custom indicators.


  • Regulated by the FCA and ASIC
  • Razor account offers tight spreads
  • No deposit or withdrawal fees
  • Opportunity to benefit from active trader program


  • Slightly larger initial deposit required

Your capital is at risk when trading financial instruments with this provider


7. FXTM – Best STP Broker for Experienced Traders

fxtm logo

The penultimate entry on our list of the best STP brokers is FXTM. FXTM is an ideal broker for experienced traders are they offer six different account types and are regulated by the FCA and CySEC. Account types vary depending on the trader’s requirements, but examples include a standard account, ECN account, Pro account, and a stock CFDs account. This ensures that FXTM is an excellent STP ECN broker with services that will appeal to various traders.

fxtm stp account

FXTM’s fees vary depending on which account you opt for, and some accounts will have variable costs depending on account balance and position sizes. Luckily, the account opening is straightforward with FXTM, and minimum deposits can be as little as $10 when using the Cent account. Finally, FXTM offers a vast range of deposit options and does not charge any fees when making deposits.


  • Various account types
  • Spreads start from 0 pips
  • Zero or low commissions depending on the account
  • Huge selection of markets to trade
  • Trade stocks, indices, commodities, and more
  • Heavily regulated by top entities
  • Low minimum deposit


  • Does not offer traditional investment products

67% of retail investors lose money trading CFDs at this site


8. XTB – Best STP Broker for Leverage

xtb logo

Rounding off our list of the best STP brokers is XTB. XTB has been around since 2002 and is regulated by the FCA, ensuring a safe environment for all users. This broker offers two different account types – a ‘standard’ account and a ‘pro’ account. Each type comes with its own fee structure; however, the easiest way to remember is that the former is spread-based whilst the latter is commission-based. Notably, the Pro account offers much lower spreads, and active traders can even receive some of the spreads back as a rebate.

xtb forex market trading

XTB offers up to 1:500 leverage, making them an ideal option for traders who wish to increase potential profits. Furthermore, XTB provides two ways of trading – either through their xStation 5 platform or MT4. This versatility ensures that both beginner and advanced traders are catered for. Finally, XTB also offers a wide selection of educational materials, including written and video content on a range of trading topics.


  • Has been in operation since 2002
  • Regulated by the FCA
  • Different account types to suit trading style
  • Up to 1:500 leverage
  • Huge selection of educational materials


  • Product selection quite limited

Your capital is at risk when trading financial instruments with this provider


STP Brokers Fees Comparison

Due to the popularity of the forex market, STP brokers typically offer various fee structures to try and entice traders to sign up. Options include low spread brokers, 0% commission brokers, and many other types. In addition to trading fees, there are also non-trading fees to be aware of – so it’s essential to do your research before opening an account.

The table below presents a fee breakdown for the best STP brokers available today to make this process a little easier.

Broker Average EUR/USD Spread Monthly Account Fees Inactivity Fees Deposit Fees Withdrawal Fees
eToro 1 None $10 p/m after 1 year None $5
Avatrade 0.9 None $50 after 3 months None None 0.8 None None None None
Vantage FX 1.4 None None None None
Libertex ZERO None $5 p/m after 6 months None Yes – varies depending on the method
Pepperstone 0.69 None None None None
FXTM From 0.1 None $5 p/m after 6 months None Yes – varies depending on the method
XTB From 0.2 None €10 p/m after 1 year None $20 for withdrawals below $100


What is an STP Broker?

Straight Through Processing brokers (STP brokers) are a type of broker that offers quick execution for users’ trades by bypassing dealing desks. Orders are sent directly to liquidity providers who will validate and ‘fill’ the order immediately, ensuring traders get in at the price they want (or as close to as possible). This contrasts with market maker brokers, who tend to take the other side in a users’ trade or pass the trade on to another entity.

what is stp broker

As STP brokers pass the order on to a liquidity provider, they do not have this conflict of interest with the trader in which they are taking the other side of the trade. Liquidity providers (such as banks, investment companies, and other entities) are the ones who facilitate the trade – and the STP broker usually receives their cut of the deal through the spread that is quoted on their tradeable currencies.

Due to the fast execution of trades, the best STP brokers are ideal for traders who operate on smaller timeframes. Scalpers and day traders tend to gravitate towards STP brokers as these strategies rely on opening trades at prices that are as close to the current market price as possible. Furthermore, many STP brokers such as eToro will opt to allow 0% commission trading, as they are already receiving a ‘fee’ through the spread. This ensures both a low-cost and transparent trading environment for market participants.

STP vs ECN Brokers

Aside from STP brokers, another popular brokerage type is ECN brokers. ECN stands for ‘Electronic Communication Model’, and these brokers work similarly to STP brokers in the sense that they do not route trades through a dealing desk. As trades are not passed through an intermediary, execution speeds are much faster than dealing desk brokers – and there is also no conflict of interest either.

ECN brokers work by matching buy and sell orders automatically – without the need for a middleman. Furthermore, due to the nature of these ECN brokers, traders retain a level of anonymity. Finally, as orders are matched automatically, traders can fill trades outside typical operating hours – which offers high degrees of flexibility for specific trading strategies.

stp vs ecn brokers

True STP brokers and ECN brokers differ in a few key areas. The most notable way is that STP brokers tend to offer a more attractive fee structure when compared to ECN brokers. Fees are usually incorporated into the spread for STP brokers, whereas ECN brokers typically charge both a commission and a small spread. This isn’t always the case, but by and large, ECN brokers are more costly to use.

Another difference is that ECN brokers typically require much larger minimum deposits and position sizes. This is because these brokers are mainly targeted at more advanced traders – so if you are a beginner trader, these brokers may not be the best choice.

Overall, STP brokers and ECN brokers both offer a much more fluid system than dealing desk brokers. Both brokerage types have their benefits, and no kind is better than the other. The critical thing to remember here is that ECN brokers are usually more suitable for traders with market experience and use larger position sizes. In contrast, STP brokers are much more versatile and appropriate for traders of all experience levels. 

Benefits of Choosing an STP Broker

STP brokers come with a host of benefits for forex traders compared with other brokerage types, making them a super-popular option in today’s market. The sections below highlight some of the key benefits for traders:

Execution Speed

Understandably, execution speed is one of the significant benefits of using an STP broker. The nature of the forex market means that getting in at the right price is crucial to your trading success – primarily when operating on the lower timeframes. Having your order filled even 1-2 pips over/under your quoted price can be disastrous and can lead to reduced profits or even losses.

stp broker speed

STP brokers help traders avoid this by routing the order directly to the liquidity provider, which could be a bank, private investment firm, hedge fund, or other entity. These providers will then fill the order, with the whole process taking much less time than traditional market-maker systems. Thanks to this quick execution method, STP brokers allow traders to buy/sell currencies at the best possible prices (or as close to them as possible).

No Requotes

Following on from the previous benefit, the execution speed also has the added benefit of reducing (or eliminating) requotes. Requotes occur when a broker refuses to fill a trader’s order at the price they specify. This tends to happen during market volatility or significant news events, as the broker employs requotes to protect themselves from loss.

With STP brokers, as the trades are passed on immediately, there is less chance of the market moving away from the initial buy/sell price – thereby reducing or eliminating the possibility of requotes. Over time, this will help optimise trading by increasing potential profits and highlighting better trading opportunities.

Removes Conflict of Interest

As STP brokers simply pass on your order, they do not have a ‘stake’ in your position. This is in contrast to market-maker brokers who take the other side of your trade. For example, if you opened a buy order on EUR/USD with a market-maker, they would be the ones who take the sell-side. Due to this, there is a conflict of interest as only one side can ‘win’.

This conflict of interest isn’t conducive to a good trading environment or a good partnership with a broker. As STP brokers do not take any side, the negatives associated with this situation aren’t an issue – allowing traders to operate in a seamless and cooperative trading system.

Transparent Fee Structure

Finally, STP brokers usually receive their compensation through the spread that is quoted on their tradeable currencies. This ensures that traders always know what ‘fee’ they will be paying as the spread is clearly stated for all to see. Furthermore, many STP brokers (such as eToro) will opt to offer 0% commissions when trading currencies – perfect for active traders who wish to avoid hefty fees.

How to Get Started with an STP Broker

Now that you have a thorough understanding of what STP brokers are and how they can benefit your FX trading, it’s time to discuss the process of getting started with one. The steps below will show you how to create an account and begin trading with eToro – our recommended STP broker for forex traders.

Step 1: Create an eToro Account

Navigate to eToro’s homepage and click the ‘Join Now’ button. You’ll then be asked to provide a valid email address and choose a password to create your account. Alternatively, you can complete this step on eToro’s app, which is one of the best trading apps available in the market.

etoro sign up

67% of retail investors lose money trading CFDs at this site

Step 2: Verify your Account

As eToro is strictly regulated by top-tier entities, you must verify yourself before being able to trade. To do so, simply upload proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill). Your documents will then be verified, which usually only takes a few minutes.

Step 3: Fund your Account

New eToro users must make a minimum deposit of $200 to begin trading; however, this drops to only $50 for any subsequent deposits. In terms of deposit methods, eToro accepts the following options:

  • Credit card
  • Debit card
  • Bank transfer
  • PayPal
  • Neteller
  • Skrill
  • Klarna
  • Trustly

Step 4: Search for Your Chosen Currency

Click into the search bar at the top of the screen and type in the name of the currency you’d like to trade. For the purposes of this walkthrough, we’d like to trade EUR/USD. Select the appropriate option in the drop-down menu and click ‘Trade’ on the following screen.

etoro trade eur/usd

67% of retail investors lose money trading CFDs at this site

Step 5: Place Forex Trade

An order box will now appear on your screen, similar to the image below. In this order box, you can decide whether to opt for a buy or a sell order, choose your position size, decide whether to use leverage and utilise a stop loss or take profit level. Once you are happy with everything, click ‘Open Trade’.

etoro trade forex market

And that’s it! You’ve just begun forex trading with one of the best STP brokers – all without paying any commissions!

Best STP Brokers – Conclusion

Throughout this guide, we’ve covered the concept of STP brokers in great detail by highlighting some of the best options available to you and analysing why STP brokers are so crucial to your trading success. As these brokers completely bypass dealing desk intervention, they ensure your trade is executed as fast as possible – in turn, optimising your forex trading.

If you’re ready to get started with an STP broker today, we’d recommend creating an account with eToro. eToro offer 0% commission when trading the FX market, and the spreads that are offered are typically very tight. What’s more, eToro is regulated under the FCA and covered by the FSCS – ensuring your capital and personal details are afforded the highest levels of security.

etoro logo

67% of retail investors lose money trading CFDs at this site


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