As you probably know, an STP (Straight Through Processing broker is a Forex broker sending client orders directly from the client to the liquidity provider, which are mostly represented by international banks.
Such FX brokers can work with several liquidity providers at a time. The more of them a certain broker has, the better it is for all if the company’s clients since the liquidity growth accordingly.
The essence of STP platforms revolves around backing access to true market and true market prices while getting executing client orders executed directly, without any third party involved. On top of that, any STP trader can choose between fixed and floating spreads. STP brokers acting as some kind of mediators between the client and the liquidity provider get interbank quoting.
STP and ECN brokers cannot trade against their clients. The benefit from making a certain spread markup, which is essentially some kind of a fee charged from letting the trader access the company’s liquidity providers at all times.
At the same time, there are dozens of STP brokers out there. How to find out which ones are the industry’s best? Well, you can do it the long way, i.e. on your own... spending long hours checking one broker against another. Or you can do it the short and easy way by making use of a new rating of the industry’s best Forex STP brokers. The rating is update on a monthly basis and is available at Masterforex-V Expo, the most unbiased collection of FX ratings on the web.
The latest update took place in October 2015. The current rating looks as follows:
The TOP 3 is represented by:
- FxPremax
- FxNet
- MAYZUS
They are followed by:
- Tallinex
- Larson&Holz
- FXCM
- ActivTrades
- Vistabrokers
- Nord FX
- Hantec Markets
- FIBO Group
- FBS Markets Inc.
- Dukascopy Bank SA
- Forex4you
- STO
- ACFX
- TadawulFX
- HotForex
- Deltastock
- Varengold Bank FX
- Blackwell Global
- Ikon Group
- FXCC
- Axiory
- IronFX
- AxiTrader
- ITCFX
- AAAFX
- AMarkets
- IBCFX
- NAS Broker
- VerumFX
