Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
STP Forex Brokers VS ECN Forex Brokers
Abstract：Forex trading is considered one of the most profitable financial businesses. There are various types of brokers allowed us to choose from. In today’s article, we will explain the difference between the Straight Through Processing (STP) forex broker and Electronic Communications Network (ECN) forex broker. By comparing the difference, we expect the traders can have a better understanding of different types of brokers and which types of brokers they should choose from.
What STP Forex Broker is
The acronym STP stands for Straight Through Processing. Through Straight Through Processing technology, STP brokers route trades directly to the market. The business model is a No-Dealing Desk (NDD). The accuracy of the quote and the speed of trade processing make STP brokers a preferred choice for traders.
What ECN Forex Broker is
Electronic Communications Network (ECN) forex brokers only offer routing services for investors‘ trading. The forex broker can route the orders through to the central interbank market without dealer intervention. The bank that fills the order does not know the investors’ identities and where the stop order is placed.
STP VS ECN
Both STP and ECN brokers offer direct market access through no-dealing-desk models. Both of them send your trades directly to the market. In contrast, ECN brokers act as liquidity centers, bringing together banks and financial institutions to compete for your trade. Having an ECN account means faster execution speeds and lower spreads
ECN brokers, however, route transactions to a pool of liquidity providers that they work with. Additionally, they usually have a smaller minimum lot size (0.1, or 10,000 units of the base currency).
Example of STP forex broker
Pepperstone is a broker providing Forex and CFD trading services, founded in 2010 by a management team with extensive experience in the Forex and IT industries. Pepperstone offers the Standard STP account for investors. The main spreads for standard STP accounts are 1.2-1.6 for USD/EUR and 1.2-2.2 for GBP/USD, with no commission required. According to some reports, Pepperstone has been rewarded as “ The best STP broker for the beginners 2022”.
Example of ECN forex broker
IC Markets is a leading forex broker around the globe, offering various solutions for active traders, day traders, scalpers, and more. IC Markets offers three different types of accounts, which are Raw Spread Accounts (cTrader), Raw Spread Accounts, and Standard Accounts. The minimum deposit for the three types of accounts is €200,
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Grand Capital Doesn’t Feel GRAND for Traders with Withdrawal Denials & Long Processing Times
The trading environment does not seem that rosy for traders at Grand Capital, a Seychelles-based forex broker. Traders’ requests for withdrawals are alleged to be in the review process for months, making them frustrated and helpless. Despite meeting the guidelines, traders find it hard to withdraw funds, as suggested by their complaints online. What’s also troubling traders are long processing times concerning Grand Capital withdrawals. In this Grand Capital review segment, we have shared some complaints for you to look at. Read on!
Original 4h
EmiraX Markets Withdrawal Issues Exposed
EmiraX Markets Review reveals unregulated status, fake license claims, and withdrawal issues. Stay safe and avoid this broker.
Original 5h
ADSS Review: Traders Say NO to Trading B’coz of Withdrawal Blocks, Account Freeze & Trade Issues
Does ADSS give you plenty of excuses to deny you access to withdrawals? Is your withdrawal request pending for months or years? Do you witness account freezes from the United Arab Emirates-based forex broker? Do you struggle to open and close your forex positions on the ADSS app? Does the customer support service fail to respond to your trading queries? All these issues have become a rage online. In this ADSS Broker review article, we have highlighted actual trader wordings on these issues. Keep reading!
Original 5h
INGOT Brokers Regulation 2025: ASIC vs Offshore License - What Traders Must Know
Explore INGOT Brokers regulation in 2025: Compare their ASIC and Seychelles FSA licenses, understand trader protection levels, and learn about potential risks in this detailed guide.
Original 5h
WikiFX Broker
Latest News
2 Malaysians Arrested in $1 Million Gold Scam Impersonating Singapore Officials
WikiFXExness Broker Expands in South Africa with Cape Town Hub
WikiFXFraud Mastermind Zhimin Qian Sentenced to 11 Years for $6.6 Billion Bitcoin Ponzi Scheme
WikiFXIs FXPesa Regulated? Real User Reviews & Regulation Check
WikiFXAlmahfaza Broker – 2025 Review: Safe or Scam?
WikiFXUniglobe Markets Review 2025: A Complete Guide to an Unregulated Broker
WikiFXINZO Broker No Deposit Bonus: A 2025 Deep Dive into Its Offers and Risks
WikiFXGlobal Guide to Finding Forex IBs/Brokers — Share Your Pick and Win Big!
WikiFXConsob Targets Political Deepfake “Clone Sites” and Unlicensed Platforms in Latest Enforcement Round
WikiFXWikiEXPO Global Expert Interviews: Gustavo Antonio Montero: ESG in Finance
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate