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STP Forex Brokers

STP Forex Brokers

  • STP Forex Brokers don’t trade against clients
  • Make money through spreads mark-ups. They add small mark-ups on the best bid and ask rates they get from LPs(liquidity providers). For example, adding a pip to the best bid price or subtracting a 0.6pip to the best ask price of their LPs
  • No dealing desk & No dealer intervention. Clients’ orders are directly sent to a certain number of liquidity providers (Banks or Other Brokers)
  • More liquidity providers means more liquidity and better fills for the clients.
  • Provide access to the real-time market quotes
  • Those STP Brokers that have fixed spreads won’t adjust spreads based on the lowest bid/ask prices offered by LPs. The fixed spreads they charge are higher than the best quotes they get from LPs. They may use their back-office price matching system to make sure they can make profits on spread difference while hedging the trades with LP(s) at better rates at the same time.

Read more: Forex Broker Types: ECN vs DMA vs STP vs Market Maker

InstaForex

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Company: InstaTrade LLC; InstaTrade Investment Company Ltd.   Warning:January 13, 2015:  French AMF published a updated list of forex brokers that offer forex trading service in France without authorisation of AMF.  InstaForex is on the list.   June 9, 2014:  The Ontario Securities Commission warned against InstaForex, because  instaforex “is not registered to engage in the business of (i) trading in securities or (ii) […] Continue Reading →

TradingBanks

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Company: Grizzly Limited Warning: This Broker is not regulated . DECEMBER 1, 2015 · Belize’s IFSC warns against unauthorized Forex broker TradingBanksWARNING NOTICE AND CEASE AND DESIST ORDER  TradingBanks It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself“TradingBanks” claims to be a brand owned and operated by one of our […] Continue Reading →