As you probably know, an STP (Straight Through Processing) broker is an FX company sending client orders directly from the client to the liquidity provider, which are mostly represented by international banks. Such FX brokers are capable of working with several liquidity providers at a time. The more, the better… especially for the client since the liquidity growth accordingly.
The essence of STP platforms boils down to backing access to true market and true market prices while getting executing client orders executed directly, without any third party involved. Moreover, an STP trader can choose between fixed and floating spreads, which adds flexibility to the trading process. STP brokers acting as some kind of mediators between the client and the liquidity provider backing interbank quoting.
The good news is that STP and ECN brokers cannot trade against their clients. The broker 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 May 2016. The current rating looks as follows:
TOP5:
- ActivTrades
- NordFX
- FIBO Group
- IFC Markets
- NetoTrade
They are followed by:
- Hantec Markets
- Larson&Holz
- Dukascopy Bank SA
- MAYZUS
- FXPremax
- Vistabrokers
- FXCM
- Forex4you
- FxNet
- FBS Markets Inc.
- STO
- ACFX
- Varengold Bank FX
- TadawulFX
- FXCC
- Deltastock
- Blackwell Global
- IronFX
- HotForex
- Ikon Group
- NAS Broker
- VerumFX
- AxiTrader
- A-Markets
- Axiory
- AAAFX
- ITCFX
- IBCFX
If you feel like participating in the open voting to help a certain broker with the “Best STP FX Broker 2016” title, you are welcome to do it on Masterforex-V Expo’s official website. Please keep in mind that only one vote per IP will count.
