STP Trading Forex Review

Read our full STP Trading review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased STP Trading opinion allows our readers to decide whether STP Trading is a reliable broker.

STP Trading Forex Broker History

STP Trading operates under STP Trading Ltd and STP Global Ltd. The company provides online trading services globally and holds an offshore license in Comoros. The broker aims to serve both professional and retail clients and offers comprehensive education for beginners. There are many different markets provided, and most of them are CFDs, enabling fast trade execution. The broker offers advanced trading apps and average trading conditions. The website is fast and mobile-friendly and provides all necessary details.

STP Trading Broker Safety

Safety starts with licenses, and STP Trading broker holds an offshore license under the Mwali International Service Authority (M.I.S.A.) in Comoros. The offshore regulation limits investor protection when compared to top-tier regulators like the FCA, for example. Despite this, the broker still offers basic protection to clients, which is much better than being unregulated.

STP Trading keeps traders’ money on segregated bank accounts, ensuring its own operational funds are on separate accounts. This is a crucial safety policy. According to the broker’s website, STP Trading Ltd claims that Negative Balance Protection is offered, which is a crucial feature preventing traders from losing more than their initial balance. In other words, whenever the account falls below $0, it is automatically reset to zero, providing beginners with additional safety nets in case of extreme market conditions.

STP Trading Broker Review of Accounts

STP Trading broker accounts are several, including zero, standard, zero prime, and Islamic. Each of the accounts is designed for different trading styles and needs. While the standard and Islamic enable low deposits, other accounts like ECN and Zero prime and zero require very high deposits. This is a serious drawback as ECN accounts are used by scalpers and other brokers offer them with much lower minimum deposits.

STP Trading Zero Account has both spreads and commissions, and here are its specs:

• Minimum deposit – $1,000
• Maximum leverage – 1:300
• Spreads – From 0.2 pips
• Commissions – $5 per side per lot
• Minimum lot size – 0.01 lots

STP Trading Standard Account is designed to provide a beginner-friendly environment:

• Minimum deposit – $10
• Maximum leverage – 1:300
• Spreads – From 0.2 pips
• Commissions – $6 per side per lot
• Minimum lot size – 0.01 lots

STP Trading Zero Prime Account is the highest-tier account with the highest deposit requirements:

• Minimum deposit – $3,000
• Maximum leverage – 1:300
• Spreads – From 0.0 pips
• Commissions – $3.5 per side per lot
• Minimum lot size – 0.01 lots

STP Trading Islamic Account is for Sharia-compliant financial low followers:

• Minimum deposit – $10
• Maximum leverage – 1:300
• Spreads – From 1.3 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

In the end, the broker has mostly expensive spreads, and it often applies both spreads and commissions, making it less competitive.

STP Trading instruments

STP Trading broker offers CFDs across major forex pairs, indexes, commodities, and cryptos. Among commodities, gold, oil, and other instruments are offered. While the broker lacks stock CFDs, the range still covers the most traded global markets, enabling various trading strategies and trading styles.

STP Trading Reviews of Trading Platforms

The broker uses MetaTrader 5 (MT5), known for advanced charting tools, algorithmic trading, and customizable charts with custom indicators. MT5 also supports copy trading and social trading, and the broker offers these services. It is available on desktop, web, and mobile devices, and there is also a Linux version, offering flexibility for all trader levels.

STP Trading Forex Review of Extra Features

Important extras include an 18-lesson trading course for beginners, demo accounts, and trading contests. These educational resources are crucial in trading and help newcomers gain confidence and skills to improve trading performance before switching to live trading.

STP Trading Reviews of Customer Support

Customer support service is available through live chat, email, phone, and a dedicated company email channel. The website is fast and mobile-friendly, which is crucial for quality support.

The multilingual support is provided together with a multilingual website, enabling global traders to access markets without limitations.

STP Trading Deposit and Withdrawal

STP Trading supports multiple payment options like bank cards (Visa/MasterCard), wire transfers, and crypto options (BTC, USDT, ETH). Deposits are mostly instant and free (except for wire transfers), while withdrawals are usually processed the same business day if requested before 12 o’clock GMT. The same payment method must be used for both deposits and withdrawals, and supported currencies include AED, USD, GBP, and EUR.

STP Trading Review Conclusion – Can you trust STP Trading?

STP Trading delivers a strong platform choice, varied account types, and flexible payments. However, its offshore regulation and higher minimum deposits on lower spread accounts make it better suited for experienced traders than beginners. It is not confirmed to be a scam broker, but traders should exercise extra caution when dealing with offshore brokers.

Overall, STP Trading is a promising broker, and if it adds another license to its safety, then it has a chance to become a prominent player in the online trading sector.

FAQs on STP Trading

Is STP Trading a scam?

The STP Trading scam is not confirmed yet, but its offshore status means it is still a risky broker.

What is the STP Trading minimum deposit?

The lowest minimum deposit is $10 (Standard or Islamic account), while all remaining options require very high minimum deposits.

Is STP Trading a cheap broker?

It offers low spreads but charges commissions on ECN accounts. The Islamic account is not cheap and standard has also slightly expensive spreads + fees.