STP (Straight Through Processing) brokers send client orders directly to their liquidity providers without a dealing desk. Pricing comes from those providers, so spreads are variable. STP sits between the market-maker and full ECN models and avoids the broker taking the other side of your trade.
Forex Term
STP
A broker that passes your orders straight through to liquidity providers.
Example
An STP broker routes your buy order to the bank offering the best available price.
Related Terms
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Pepperstone
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Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.