Best STP Forex Brokers

Compare live Forex trading accounts from STP brokers, including DMA and ECN STP brokers, in Malaysia. Understand how STP brokers work and what this means for you.

Brokers we recommend


4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.


4.0 / 5 Octa

Trade without restrictions with Octa, an international broker with millions of trading accounts. Octa supports all trading styles and EAs on MetaTrader 4, 5 and OctaTrader, its in-house platform.


4.1 / 5 4XC
Trading Forex/CFDs on margin carries a high level of risk.

4xc.com is an offshore broker founded in 2018 by Forex veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4/5.


Other brokers:

Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.9 5.0 4.0 5.0
Octa 4.0 4.0 4.5 4.4 3.0 4.3
4XC 4.1 3.8 4.4 4.5 3.0 4.7
LiteFinance 3.9 4.0 4.4 4.2 2.0 4.7
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
HYCM 4.2 5.0 3.8 4.4 3.8 4.0
JustMarkets 4.3 3.9 4.5 4.8 4.5 4.0
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)ETFs (CFD)Bonds (CFD)
FP Markets 72121000161745462
Octa 35311601022
4XC 6051122
LiteFinance 576313515535
FXCC 7181262
HYCM 6728151271334
JustMarkets 61141651373
MT4MT5Copy tradingcTraderTradingView
FP Markets
Octa
4XC
LiteFinance
FXCC
HYCM
JustMarkets
Bank transferCredit cardDebit cardNETELLER *Skrill *BTC (Bitcoin)USDT (Tether)Broker to broker transfer
FP Markets
Octa
4XC
LiteFinance
FXCC
HYCM
JustMarkets
AustraliaCayman IslandsCook IslandsCyprus (EU)NevisSeychellesSouth AfricaSt. Vincent & the GrenadinesUAEUKUnion of Comoros
FP Markets
Octa
4XC
LiteFinance
FXCC
HYCM
JustMarkets

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.


4.0 / 5 Octa

Trade without restrictions with Octa, an international broker with millions of trading accounts. Octa supports all trading styles and EAs on MetaTrader 4, 5 and OctaTrader, its in-house platform.

  • Likes
  • Trade without restrictions on MetaTrader or OctaTrader.
  • Enjoy a 10% to 50% bonus on every deposit.
  • Fast and free deposits and withdrawals.
  • Copy trading is available.
  • Dislikes
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Only supports 2 account base currencies: USD, EUR.
Our take on Octa

Octa is popular with traders seeking high leverage and low floating spreads. Enjoy 1:500 leverage across currencies, rising to 1:1000 around contests and promotions. Use leverage with caution as negative balance protection only applies on stop-outs.

Octa charges no fees on deposits or withdrawals, and will even cover third-party fees from time to time. Octa has a reputation for quick deposits and withdrawals, with withdrawals processed manually within 3 hours for your security.

Make your funds go further with a 10% to 50% bonus on every deposit from $50. The bonus amount can be withdrawn once relatively low trading volume requirements have been met.


4.1 / 5 4XC
Trading Forex/CFDs on margin carries a high level of risk.

4xc.com is an offshore broker founded in 2018 by Forex veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4/5.

  • Likes
  • Enjoy flexible leverage up to 1:500.
  • Choose between MetaTrader 4 and 5.
  • All trading styles and Expert Advisors are allowed.
  • Fast execution speeds from its London data-centre.
  • Dislikes
  • Negative balance protection is only available across Forex and precious metals.
  • 4XC is regulated in the Cook Islands, a country without an investor compensation fund.
Our take on 4XC

From the outset, 4XC has offered high leverage (up to 1:500) across Forex, gold and silver. It accepts all trading styles on MT4/5 without restrictions. Alternatively, you may open a PAMM account or a copy trading account.

Its customer service agents, available 6 days a week, have always been friendly and professional. So it's perhaps no surprise that 4XC has received several awards commending the quality of its customer service team.

Overall, we would recommend 4XC to anyone looking for a trustworthy broker, especially if you are primarily interest in trading Forex or precious metals on high leverage.


3.9 / 5 LiteFinance
83% of retail CFD accounts lose money

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

  • Likes
  • All trading strategies are allowed.
  • Get free daily technical and fundamental analysis.
  • Receive up to 2.5% interest on used funds.
  • Copy trading accounts are also available.
  • Dislikes
  • Withdrawals fees are somewhat high, especially card withdrawals.
Our take on LiteFinance

We have been trading through LiteFinance's ECN account for over 3 years on raw spreads plus a commission of $5 per lot, per side, and we enjoy its unrestricted trading environment.

Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a bit high, especially card withdrawals.

LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often focused on technical analysis. However, you might find yourself lost if you are new to trading.


4.0 / 5 FXCC

FXCC.com is a regulated offshore broker with an ECN trading environment. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and EAs.

  • Likes
  • 100% bonus on your 1st deposit (up to US$2,000).
  • Flexible leverage up to 1:500.
  • All MT4 Expert Advisors are allowed.
  • No fees on deposits.
  • No minimum deposit.
  • Dislikes
  • FXCC only supports MetaTrader 4.
  • Withdrawal fees apply across some, but not all, funding methods.
Our take on FXCC

We particularly like FXCC's high leverage (up to 1:500) available across all currency pairs, gold, silver, stock indices and energy products. It offers negative balance protection, for added peace of mind.

Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. We look forward to the day when FXCC will support MT5.

As FXCC offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission. However, FXCC will apply a $5 mark-up per lot, per side, if you open an account through us.


4.2 / 5 HYCM
85% of retail CFD accounts lose money

HYCM.com, formerly HY Markets, is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.

  • Likes
  • Trade CFDs or invest in over 1,000 "real" stocks.
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Get free signals from Trading Central.
  • Open a trading account in USD, EUR, GBP, CAD and AED.
  • Dislikes
  • Trading fees on its Fixed and Classic accounts are a little high.
  • Monthly inactivity fees apply after 90 days.
  • Copy trading isn't possible.
Our take on HYCM

Trade over 300 instruments across a wide range of markets, spanning currencies, cryptocurrencies, stocks, indexes, and commodities. HYCM offers a variety of trading accounts for beginners and more experienced traders, on the MetaTrader 4 and 5 platforms.

Of note, 'buy and hold' investors can now access over 1,000 'real' stocks, and earn dividends on their investments. It is possible to invest from as little as $10 through fractional ownership. This service includes American, Asian, and European stocks.

HYCM is an established broker, in business since 1999. It is also a safe place to trade, being overseen by regulators in the EU, the UK, the UAE, and other regions. HYCM provides a reliable trading environment. However, its trading fees are somewhat higher than the competition, unless you open a Raw account.


4.3 / 5 JustMarkets
Your capital is at risk.

Trade CFDs on over 250 instruments with high leverage and low spreads through JustMarkets.com. JustMarkets accepts all trading styles and Expert Advisors on MetaTrader 4 and 5.

  • Likes
  • Flexible leverage up to 1:3000.
  • All trading strategies and EAs are allowed on MT4/5.
  • You can also trade on raw spreads, plus commission.
  • No fees on deposits or withdrawals.
  • Dislikes
  • No access to an investor compensation fund as this broker is incorporated in the Seychelles.
  • Bank withdrawals in some countries can be unreliable.
Our take on JustMarkets

JustMarkets offers trading accounts for traders both new and experienced. Its Standard and Standard Cent accounts, designed with beginners in mind, have a low US$10 minimum deposit. Its Pro and Raw Spread accounts will appeal to day traders and scalpers.

With JustMarkets, you can open a trading account in USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, and even ZAR. If possible, open a trading account in your currency to avoid currency conversion fees. Notably, JustMarkets charges no fees on deposits or withdrawals.

Our withdrawals have generally been processed swiftly. However, our first bank withdrawal took several weeks because of an error by its payment provider. During that period, customer support was slow to respond and acknowledge the underlying problem.

What's an STP broker?

Straight Through Processing (STP) means full integration between all market participants, from liquidity providers to investors and the trading platform. In its purest form, an STP broker aggregate prices in real time from liquidity providers and passes client orders onto them. In practice, this also means there is No Dealing Desk (NDD).

Types of STP brokers

However, Forex brokers tend to apply the term loosely and "STP" can mean different things to different brokers. This article describes common traits and differences between STP brokers and suggests ways to check how your own broker operates.

Number of liquidity providers

STP brokers aggregate prices from banks, financial institutions and other liquidity providers (LPs) in the Forex interbank bank market. The price you see on your end is the best-bid and the best-offer (BBBO) across all quotes. This means the bid could come from Bank A and the ask from Bank B.

STP brokers typically work with more than one liquidity provider. However, circumstances can arise when they only have one. The more liquidity providers your broker works with, the greater the competition and the tighter the spreads.

Fixed or variable spreads

The spread is the difference between the buying and selling price of a currency pair. If you're quoted EUR/USD at 1.2502/05, the spread is 0.0003 or just 3 pips.

STP brokers usually quote variable spreads because the prices they receive from liquidity providers change dynamically over time. The price you're quoted adjusts automatically to reflect the BBBO available from your broker's liquidity providers. Your broker adds his own mark-up to the spread to cover his costs and earn a profit.

However, some brokers can quote fixed spreads instead. This can happen when they have just one liquidity provider. And when they have more, they can achieve this by adjusting the mark-up they apply to the BBBO to ensure that the spreads you see on your end remain the same.

Instant vs. market execution

A regular STP broker fills client orders through instant execution. This means your broker acts as the counterparty to your trades and will hedge these positions with his liquidity providers. This can give rise to re-quotes if your broker has difficulties filling orders at the price you requested. However, instant execution does allow you to enter Stop and Limit Orders at the very same time you open a position, which can help manage your risks.

Other STP brokers offer market execution. When this happens, your broker passes your order directly onto his own liquidity providers. This gives you what is known as Direct Market Access and is one of the purest forms of trading. Liquidity providers will act as the counterparty to your trade and fill your order at the prevailing market price. The downside is that you cannot enter Stop or Limit orders at the time you place an order because the execution price is not known when you click the 'Trade' button.

Is your broker STP?

First, check your broker's website and Order Execution Policy for comments about spreads and execution types. If in doubt, ask your account manager directly.

If your broker offers fixed spreads and instant execution, it's unlikely but not impossible that he delivers Straight Through Processing.

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Author

About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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