What's STP Account in Forex? - What is Straight Through Processing Account in Forex?

Types of Forex Trading Accounts STP - STP Cent Account - STP Micro Account - STP Standard Account

STP Accounts

STP Account stands for Straight Through Processing, the STP Account forex brokers will send client orders direct to their Forex Liquidity Provider, the Liquidity Provider is a large bank with deep liquidity to trade on the inter-bank network.

An STP Account provided by an STP broker can either have one Forex Liquidity Provider or many liquidity providers.

The best thing about STP Accounts is that forex traders can place their forex trades immediately with instant execution because they have access to interbank markets via their STP forex broker.

STP Accounts will not charge commissions, but will charge spreads on forex trades. Because traders have access to the interbank market execution, there is no requotes on FX orders neither any order waiting for trade execution, the trading order execution is instant.