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Straight Through Processing, or more commonly referred to as STP, is an automated process and does not include any manual intervention.
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 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 |  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 |
| 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 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 | 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 |
| 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 |
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 | CONS |
| Well-regulated | Limited payment methods supported |
| US Clients allowed | Fix spreads accounts not offered |
| Advanced trading platforms | |
| Advanced trading tools | |
| Exceptional execution scorecard |
| 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 |
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 | 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 |
| 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 |
HFM 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 HFM to facilitate trades and as the brand name of HFM (Europe) Ltd., HFM places great focus on client fund security, amidst several other features.
| PROS | CONS |
| Well-regulated | No US Clients |
| Strong international presence | |
| Competitive trading conditions | |
| Great variety of account options |
| 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 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 | 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 |
| 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 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 | 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 |
| 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 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 | 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 |
| 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 |
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 | 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 |
| 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 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 | 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 |
| 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 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 | 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 |
| 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 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 | CONS |
| Multi-regulated | High minimum deposit |
| Powerful trading platforms offered | |
| Variety of tradable financial instruments | |
| Variety of account types offered | |
| Competitive trading conditions |
| 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, 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 | CONS |
| Strictly regulated | US Clients not allowed |
| Negative balance protection offered | Fixed spread accounts not offered |
| Competitive trading conditions | |
| Variety of account types offered |
| 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 |
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 | CONS |
| Well-regulated | No US Clients |
| Variety of financial instruments offered | Fixed spread accounts not offered |
| Commission-free trading offered |
| 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 |
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 | 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 |
| 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 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 | 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 |
| 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 is a well-established and reputable STP and ECN broker which has been in operation since 2010 in providing traders not only with cutting-edge technology, but also tight spreads, low latency, and high execution speeds.
When trading through Pepperstone, traders are provided with a dynamic trading experience and corresponding trading environment. Pepperstone provides access to numerous financial instruments which can be traded through powerful, advanced trading platforms.
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Award-winning customer support | Fixed spread accounts not offered |
| Competitive trading conditions offered | |
| Social trading supported | |
| Hedging and scalping allowed |
| Feature | Information |
| Regulation | ASIC, FCA, DFSA |
| Minimum deposit from | $200 |
| Average spread from | 1 pip |
| Commissions from | AU$3.5 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 – multilingual |
HYCM has been offering advanced and comprehensive trading solutions to traders since 1977 and throughout its history since its inception, has become a trusted, popular, and reputable broker.
Daily, HYCM claims to process around 25,000 orders across numerous financial instruments and global markets which include, but is not limited to, Forex, commodities, cryptocurrency, and more.
| PROS | CONS |
| Well-regulated | US Clients not allowed |
| Commission-free trading offered | Only two trading platforms offered |
| High-speed trade execution | |
| Competitive trading conditions | |
| MetaTrader 4 and MetaTrader 5 supported |
| Feature | Information |
| Regulation | CIMA, CySEC, DFSA, FSA |
| Minimum deposit from | $100 |
| Average spread from | 0.2 pips |
| Commissions from | $4 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:200 |
| Bonuses | Yes |
| Customer Support | 24/5 – multilingual |
FXCC is a Cyprus-based STP and ECN broker which was established in 2010 and offers traders comprehensive and competitive trading conditions in trading numerous financial instruments across a variety of asset classes.
Traders have a choice between three dynamic account types, depending on their trading needs and objectives, and FXCC makes adequate provision for both beginners and professional traders.
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Competitive trading conditions | Limited instruments which can be traded on some account types |
| MetaTrader 4 supported | |
| Micro-lot trading allowed |
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.1 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:300 |
| Bonuses | None |
| Customer Support | 24/5 – multilingual |
JP Markets, established in 2011, is one of the largest online Forex brokers in Africa which offers high-quality financial services which are versatile in meeting the varying trading needs and objectives of traders from around the globe.
Traders are provided with the opportunity to trade numerous financial instruments which are spread across various asset classes and global markets.
| PROS | CONS |
| Well-regulated | Wide spreads and high commissions |
| Zero deposit or withdrawal fees | Limited tradable financial instruments |
| Negative balance protection offered | US Clients not allowed |
| MetaTrader 4 supported |
| Feature | Information |
| Regulation | FSCA |
| Minimum deposit from | ZAR 3,000 |
| Average spread from | 2 pips on EUR/USD |
| Commissions from | $0.02 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 – multilingual |
Established in 1996, LCG is a reputable STP and ECN broker which offers traders comprehensive trading solutions and services which include access to numerous financial instruments which are spread across a wide variety of asset classes.
LCG claims to have client deposits to the value of approximately $1 billion as well as seeing the execution of around $20 trillion worth of trades. LCG has accumulated various rewards since its inception and has rightfully earned the trust of numerous global traders.
| PROS | CONS |
| Regulation through multiple entities | Fixed spread accounts not offered |
| Powerful platforms supported | Restrictions placed on some countries |
| Competitive trading conditions | High commissions and fees |
| Great variety of tradable financial instruments |
| Feature | Information |
| Regulation | FCA, CySEC, SCB |
| Minimum deposit from | $0 |
| Average spread from | 0.0 pips |
| Commissions from | $10 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | None |
| Customer Support | 24/5 – multilingual |
OctaFX, which was established in 2011, and is based in Saint Vincent and the Grenadines, is a well-established and reputable STP and ECN broker which offers traders a wide range of both Forex and CFD financial instruments.
Traders are offered competitive trading conditions which include transparent fee schedules along with the provision of superior and prompt customer support, and access to powerful trading platforms through which trading activities can be conducted.
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Commission-free trading offered | Limited tradable financial instruments offered |
| Fixed spread accounts offered | |
| Negative balance protection offered | |
| Hedging and scalping allowed |
| Feature | Information |
| Regulation | FSA SVG, CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | $0.02 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 – multilingual |
Established in 2009, RoboForex is a reputable, award-winning broker which provides traders with access to over 9,400 financial instruments which are spread across several asset classes.
Traders are offered competitive trading conditions along with access to Tier-1 Liquidity Providers, the tightest spreads, fastest execution speeds, and leverage up to 1:2000.
| PROS | CONS |
| Well-regulated | US Clients not allowed |
| Flexible account types offered | Fixed spread accounts not offered |
| Multiple trading platforms supported |
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit from | $10 |
| Average spread from | 0.0 pips |
| Commissions from | $0.0045 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/7 – multilingual |
Vantage FX is a reputable, well-regulated STP and ECN broker which offers various traders access to powerful, flexible trading platforms through which a wide variety of financial instruments can be traded.
Traders have access to competitive trading conditions along with award-winning customer service, a range of tradable financial instruments, advanced trading tools, adequate education, and convenient and reliable funding methods.
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Offers over 300 tradable financial instruments | Fixed spread accounts not offered |
| Commission-free trading offered | |
| MAM and PAMM accounts offered | |
| Social trading supported |
| Feature | Information |
| Regulation | FCA, ASIC, CIMA, SIBL |
| Minimum deposit from | $200 |
| Average spread from | 0.0 pips |
| Commissions from | $2 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
Just2Trade is a Cyprus-based STP and ECN broker which was established in 2006 with strict regulation and authorization by CySEC in offering various traders dynamic and comprehensive trading solutions and services.
Just2Trade has over 150,000 registered traders from around 130 countries and caters extensively to both retail and institutional clients.
| PROS | CONS |
| Well-regulated | US Clients not allowed |
| Negative protection balance offered | Fixed spread accounts not offered |
| Multiple flexible trading platforms supported | |
| PAMM Accounts offered | |
| Robo-advisor provided |
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | $2 per lot |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:500 |
| Bonuses | No |
| Customer Support | 24/7 – multilingual |
Established in 2008, FxGrow is an STP broker based in Cyprus which offers online trading solutions to a wide variety of traders from around the globe.
Traders can trade in numerous financial instruments which are spread across various asset classes by using MetaTrader 4 or MetaTrader 5, which are some of the most powerful and flexible trading platforms in the industry.
| PROS | CONS |
| Strictly regulated | US Clients not allowed |
| Useful trading tools provided | High commissions charged on trades |
| MetaTrader offered | Fixed spread accounts not offered |
| Tight spreads offered | |
| Variety of tradable financial instruments |
| Feature | Information |
| Regulation | CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.00010 pips |
| Commissions from | $8 |
| Deposit/Withdrawal Fees | No |
| Maximum Leverage | 1:100 |
| Bonuses | None |
| Customer Support | 24/7 – multilingual |
Straight Through Processing.
This list contains 27 of the best STP brokers.
Most brokers make adequate provisions for beginners as well as professional traders.
Yes, all except JP Markets.
Yes, these brokers offer some of the most competitive trading conditions in the industry.
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