What does STP broker mean? What are the conditions of a trading account with a Straight Through Processing broker and what are the pros and cons of this kind of execution? Here are the answers and the list of the best STP brokers to make it easier to choose where to trade online with this operating mode.

Best Online STP Brokers in UK

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
Admiral Markets

FCA, CySEC, ASIC

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd or Admiral Markets Pty Ltd services, please acknowledge all of the risks associated with trading.
2.
Deriv

VFSC, FSC, IBFC

Min $5 Deposit

1 000:1

Review » Visit » Visit
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
3.
ActivTrades

FCA

Min $100 Deposit

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
5.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8.
Eightcap Review

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
9.
Libertex

CySec

Min $100 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
10.
Capital.com

FCA, CySEC

Min $20 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

STP broker: what does it mean?

A straight through processing ( STP ) broker is a broker who, upon receipt of the client’s order, forwards it directly to their liquidity provider. In this case, the broker becomes the intermediary.

Liquidity providers can be a bank, fund, investment company or other broker and as such no intermediary will be involved in the order – in other words the STP broker won’t filter orders through a dealing desk .

best STP brokers

The absence of a Dealing Desk intervention is what makes the broker’s trading platform an STP platform.

The broker’s profit in this case is generated by the volumes that are moved by the trader, therefore by the mark-up on the spread or by the commission applied by the broker for opening positions.

Top STP brokers UK Reviewed

Based on the reviews of the tested online brokers, we report those that we believe are the best forex and CFD brokers operating in Straight Through Processing mode, chosen from a point of view of reliability and general trading conditions.

All reported brokers offer the opportunity to test the platforms offered through a demo account (the demo platform can be downloaded for free from the broker’s website after registration). Before opening a live account, we always recommend trying the demo account to make sure you choose the best broker based on your investment needs and platform type.

FP Markets

FP Markets Logo

FP Markets is among the most competitive STP brokers to operate on the forex and equity market, enjoys an excellent reputation in the industry and offers very low spreads on around 10,000 financial products.

Scalping and hedging allowed, it’s ASIC and CySEC regulated, and offers 2 types of accounts with variable spreads, the standard account, with spreads starting from 1.0 pips and the RAW account, with spreads starting from 0.0 pips and a commission of 3 USD , both with maximum leverage of 1: 500 and MetaTrader 4 and MetaTrader 5 platforms.

For those who want to invest in the stock exchange , it offers an excellent platform optimized for these instruments, the Iress Trader, with access to many world exchanges and good general conditions.

Admiral Markets

Admiral Markets Logo

Admiral Markets is a worldwide established broker that provides the possibility to choose between different types of accounts and under which regulation to work , in fact it offers the possibility to choose between FCA, ASIC, CYSEC and EFSA.

Admiral Markets offers both STP and ECN trading conditions with direct access to the market, excellent economic conditions, advantageous spreads and low trading costs, with the possibility of operating through the MT4 and MT5 platforms.

To open a trading account with Admiral Markets a minimum deposit of € 100 is required , the maximum leverage is 1:30 for private clients and differing types of accounts are available with very good spreads starting from 0.0 pips for ECN accounts and 0.5 for STP accounts.

For those looking for a multi-regulated broker, Admiral Markets is a reliable broker to consider.

XTB

XTB Logo

XTB is one of the best European STP brokers we’ve had the opportunity to test. Given their multiple liquidity providers, XTB is one of the brokers who best apply this type of execution for online trading.

It offers very competitive trading conditions and an excellent trading platform, the proprietary xStation available in a web trader version, which is particularly fast and intuitive compared to the average of the online based platforms we tested.

There is no minimum deposit required to open a trading account, while the maximum leverage is 1:30 for private clients and 1: 200 for professional clients.

For those looking for a broker with many assets and competitive on different markets, XTB is a option to consider, as well as one of the best CFD brokers based in Europe.

Pepperstone

Pepperstone

Pepperstone is one of the best Australian brokers and offers the possibility of operating in STP mode through a particular type of Straight Through Processing account on the MT4, MT5 and cTrader platforms.

Pepperstone is primarily a forex broker, with very low spreads on currencies and various financial instruments, moreover, unlike European brokers, it offers high leverage, a condition that makes it one of the best STP brokers to operate on.

Opening an online trading account with the broker requires a minimum deposit of € 200 , with a maximum leverage of up to 1:30 or 1: 500 for professional traders, the account includes negative balance protection and a minimum operating margin of 50.

eToro

eToro Logo

eToro is the leading broker in social trading and well known worldwide. It offers the solution of an STP trading account which combined with copytrading , the broker’s real strength, can be an optimal solution for those who are unable to use trading strategies independently or for those who want to rely on the experience of traders navigated by which strategies to replicate.

eToro has a minimum deposit of € 200 , a maximum leverage of up to 1:30 and the useful possibility of using small sizes , a condition that makes it a suitable choice for investors with little experience and the most suitable choice among social trading brokers.

Advantages and disadvantages of STP brokers

The main advantage of operating with a web broker of this type is the fact that the market price of the individual instruments isn’t influenced by the broker itself.

In most cases, the only influence made by the broker is on the spread, where a mark-up is applied, which translates into a profit for the broker with each trade.

The main disadvantage is that many of the brokers who claim to be STP, many times have a branch of their broker as their liquidity provider, or use a mixed system , i.e. market maker for the losers, STP for the winners.

It is therefore vital to understand exactly which order execution model a broker operates with.

Advantages

  • Fast execution
  • Prices in line with the regulated market
  • Fewer conflicts of interest

Disadvantages

  • Market Maker risk in disguise
  • Requotes in times of high volatility