10 Best STP Forex Brokers (Top List 2026)
Experience seamless order routing with Straight Through Processing (STP) brokers. Transparency, speed, and no dealing desk intervention.
Written by
Edith Balazs
Fact Checked by
Marcus Thompson
What is STP Trading?
Straight-through processing (STP) Trading is the process by which forex brokers transmit their clients’ orders directly to banks or other financial liquidity providers without any desk dealing operations. STP trading aims to execute trades at the most optimal possible price by sending orders to the market without any intermediary. The term “Straight Through Processing” was coined to describe the high speed of transactions. Since it requires minimal human intervention, it eliminates delays, reduces the potential for conflict of interest between broker and trader, and ensures more transparent execution.
What is The Difference Between ECN And STP Trading?
STP trading consists of routing orders directly to a liquidity provider, eliminating the dealing desk. ECN (Electronic Communication Network) is a hub where multiple participants (banks, brokers, traders) interact to find the best price. Often, brokers use a hybrid ECN/STP model.
STP Broker Overview
Core execution and pricing details.
| Broker | ||
|---|---|---|
| BlackBull Markets | STP / ECN | From 0.0 |
| RoboForex | STP | From 0.0 |
| FP Markets | STP / ECN | From 0.0 |
| Vantage Markets | STP / ECN | From 0.0 |
| Moneta Markets | STP / ECN | From 0.0 |
| Pepperstone | STP / ECN | From 0.0 |
| IC Trading | STP / ECN | From 0.0 |
| Tickmill | STP | From 0.0 |
| FBS | STP | From 0.7 |
| VT Markets | STP / ECN | From 0.0 |
Detailed Broker Analysis
Top STP Efficiency
BlackBull Markets offers superior STP execution with a speed of approximately 72ms, ensuring traders are unlikely to get requotes. They provide access to 26,000+ instruments via MT4, MT5, and TradingView.
Cost-Effective Routing
FP Markets uses an ultra-fast fibre optic network to connect their traders' servers to the market, ensuring top-tier STP execution. They offer raw pricing and are heavily regulated by ASIC and CySEC.
Transparent STP Model
Vantage Markets connects traders to deep liquidity pools via their STP/ECN model. They are known for transparency, competitive spreads, and providing a robust trading environment.
Diverse Execution Options
RoboForex offers pure STP execution on its standard accounts. They are well-regarded for their automated trading support and low entry barriers (min deposit $10).
Modern STP Trading
Moneta Markets provides a modern trading infrastructure with STP execution to ensure fast order processing. Their web platform is user-friendly and they offer competitive pricing.
STP Speed
Pepperstone executes orders via STP with no dealing desk intervention. Their localized servers ensure ultra-low latency.
High Volume STP
IC Trading's STP model is designed for high volume traders, ensuring orders are filled instantly at market prices.
Smart Order Routing
Tickmill uses advanced smart order routing to find the best available price from liquidity providers, ensuring true STP execution.
STP Reliability
FBS offers reliable STP execution on standard accounts, ensuring transparency and no conflict of interest.
STP Infrastructure
VT Markets connects traders to the interbank market via STP, offering a stable and fast trading environment.
Frequently Asked Questions
Top 10 STP Forex Brokers (Top List)
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January 2026