STP Trading Forex broker review — Everything you need to know

STP Trading is the company’s trading name and website of the broker STP Trading Ltd and STP Global Ltd. It operates globally with an offshore license and offers several accounts and access to diverse markets.

In this review of STP Trading broker, we will evaluate its safety, account types, trading costs, platforms, profit withdrawals, support, and more.

STP Trading Overview of the website

The STP broker website is modern and minimalistic in design. It is responsive and makes it fast and convenient to navigate around. The menu provides a well-ordered information layout, and traders can quickly find what they are looking for, from account types to platforms and markets. All this enables users to quickly find important information about trading conditions and decide whether they want to open an account. The website is also mobile-friendly, allowing users to access it from anywhere, which is convenient.

Overall, the website seems professional and offers a satisfactory experience.

STP Trading Security and Licenses

STP Trading Broker is a regulated broker. However, it is based and licensed in an offshore jurisdiction, which makes it still a risky choice for many traders. The regulated entity is STP Global LTD, which is authorized and regulated by the Comoros Mwali International Service Authority (M.I.S.A.), Autonomous Island of Mwali (Mohéli), Comoros Union, East Africa.

As a regulated broker, it keeps trader funds in segregated bank accounts, meaning traders’ money is in separate accounts from the broker’s own operational funds, which is a crucial security policy.

STP Trading Accounts Reviewed

Trading accounts offered by STP Trading are four: zero, standard, zero prime, and Islamic. Each of the accounts offers slightly different trading conditions aimed at different types of traders. Most accounts are ECN type, meaning they charge commissions and offer low spreads. Minimum deposit requirements are also very high, and make the broker less attractive. Let’s briefly review and assess the competitiveness of each of those accounts below.

STP Trading Zero Account

The zero trading account offers very low spreads but charges commissions. Here are its specs:

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

STP Trading Standard Account

The standard account has higher commissions than the zero account, and spreads are also higher. Here are all of its important specs:

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

STP Trading Zero Prime Account

The zero prime account is the top-tier ECN account from the bunch, and it offers lower spreads and lower commissions. Here is what it has to offer:

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

STP Trading Islamic Account

The Islamic account is what other brokers often call a standard account, and it is a commission-free account that has high spreads. Here are the full specs:

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

As we can see, the broker mainly focuses on ECN accounts with low spreads but charges hefty fees, which means traders have to think carefully about their trading strategies and how these accounts suit their needs. The Islamic account is commission-free but has higher spreads than industry standards.

Deposit and withdrawal options at STP Trading

When it comes to payment options, the broker supports a multitude of different payment providers for both deposits and withdrawals, including wire transfers, bank cards (Visa and MasterCard), BTC, USDT, and Ethereum. Traders can deposit and withdraw using multiple currencies like AED, USD, GBP, and EUR. There are no fees charged for payments, including withdrawals. Deposits are usually instant, while withdrawals are promised to get processed the same day when it is submitted before 12:00 GMT. Withdrawals must use the same method as deposits; crypto wallets must match the original deposit address.

Overall, the broker is very flexible with deposits, and its fast withdrawals are very competitive and attractive for traders.

STP Trading Assets — What can you trade?

STP Trading is a multi-asset forex broker enabling access to Forex pairs, indices, commodities, and cryptos. From commodities, the broker provides access to energies and precious metals like gold and oil. Most of these instruments are CFDs, which means traders can quickly buy and sell short, which is especially important for crypto trading. The lack of stocks is a minor drawback. Trading conditions are mostly competitive, and traders can easily select the preferred account type depending on their trading style and strategies.

Trading platforms of STP Trading

STP Trading broker platform is an advanced MetaTrader 5 (MT5) terminal, which supports custom indicators and Expert Advisors (EAs) for automated trading. The broker also offers copy trading and social trading via the MT5 platform to automatically replicate other traders’ performance. Mobile trading is available via the MT5 mobile app, which is available on iOS and Android. There is also a Linux version available, which is even more useful. The website being mobile-friendly means traders can access and manage their accounts on the go and trade the markets as well.

Education at STP Trading

The broker offers a comprehensive trading course where there are 18 lessons divided into four different sections, enabling beginners to start from zero and become masters. This is very important and flexible, as beginners can now learn before opening a trading account. There is also a free demo account where novices can practice and develop viable strategies. Couple this with a demo trading contest, and everyone can learn and then win prizes if they allocate enough time. There is also a detailed tutorial about the broker’s trading accounts and platforms, which is also useful.

Additionally, a 20% Welcome Bonus is available on the first deposit, withdrawable and tradable up to $1000.

Overall, the educational section is excellent and provides real value for beginners.

STP Trading Customer Support

The customer support follows the same suit as it offers all important channels like live chat, phone, email, and a dedicated email address for complaints. This is advantageous and enables traders to quickly resolve issues, and even if they have some internet issues, they can call the broker using a phone line and close open trades.

The broker is multilingual as well, as its services, including website and support, are provided in a plethora of languages.

Is STP Trading your broker? Final verdict

STP trading is an offshore-licensed forex broker offering access to forex, commodities, indices, and cryptocurrencies via the advanced MT5 platform, available on all devices and systems. It supports multiple payment methods with no fees and fast withdrawals (within 24 hours). While it provides a solid trading account choice, trading tools, and quality education, the offshore license and relatively high minimum deposits make it slightly unattractive to beginners.

FAQs on STP Trading Broker

Where is STP Trading based?

STP Trading Ltd is registered offshore and regulated by the Mwali International Service Authority (M.I.S.A.), Comoros.

Can you withdraw from STP Trading?

Yes, withdrawals are processed the same day if requested before 12:00 GMT, and must be made using the same method as the deposit. And there are multiple payment methods supported.