STP Trading Review

A Quick Summary of STP Trading

STP Trading is a forex broker that has been around since 2019. During these years, it has established itself as a dependable choice for trading not only currencies, but commodities and other asset classes as well.

This broker is headquartered in Mohéli, Comoros Union and in Gros-Islet, Saint Lucia, and accepts traders from most countries.

STP Trading Broker Details

Broker Contacts

Website
https://www.stptrading.io/

Email
info@stptrading.io, complaint@stptrading.io

Phone
+44 121 288 7600

Chat Support

Support Form
https://www.stptrading.io/contact/

Social Media

Company Profile

Company Name
STP Trading Limited
STP Global Limited
STP Securities Limited

Year Founded
2019

Headquarter
Mohéli, Comoros Union | Gros-Islet, Saint Lucia

Regulated
MISA (Comoros)

Countries Not Accepted
Canada (CA), Japan (JP), North Korea (KP), Sudan (SD), United Arab Emirates (AE), United Kingdom (GB), United States (US)

Broker Type
Straight Through Processing (STP)

Trading Conditions

Demo Account: Yes

Minimum Deposit: $10

Minimum Withdrawal: $10

Maximum Leverage: 1:300

Average Spread EUR/USD: 0.1 Pip

EA/Robotrading: Yes

Base Currency: AUD, EUR, GBP, USD

Hedging Allowed: Yes

Scalping Allowed: Yes

Negative Balance Protection: Yes

Swap Free/Islamic Account: Yes

Social Copy Trading: Yes

Available Trading Instruments
Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs

Available Payment Processors
Bank Wire, BitCoin (BTC), Cryptocurrency, Ethereum (ETH), Mastercard, Perfect Money, Tether, VISA

Available Trading Platforms
MetaTrader 5 (MT5), Mobile Platform, Web Platform

License and Protection

STP Trading is owned and operated by STP Trading Ltd., STP Global Ltd., and STP Securities Ltd.

Here is the licensing and registration info provided on the site:

“STP Global LTD with Firm Registered Number: HY00523403 , is Authorized and Regulated by Comoros Mwali International Service Authority (M.I.S.A.), Autonomous Island of Mwali (Mohéli), Comoros Union, East Africa. with License Number: T2023280.”

It is important to be aware that MISA is not a real regulator. The name of the legitimate regulatory agency in Mwali and the Union of Comoros is La Banque Centrale des Comores (the Central Bank of Comoros).

You can verify this for yourself by reading this public notice from the Central Bank of Comoros, which says (translated):

“The Central Bank of Comoros also draws public attention to the following fictitious structures, which claim to issue licenses to banks and financial establishments in the Union of the Comoros.”

A lot of brokers are listing MISA right now as their “regulator.” And we do imagine that to have a MISA license, a company must maintain certain standards. Just be aware that MISA has no government authority, and the assistance it can render if you file a complaint will be limited.

Note that STP Global is not being misleading about this. In their FAQ, they plainly state the following (emphasis ours):

“The M.I.S.A is an autonomous statutory body empowered to regulate and supervise the non-bank financial services and the international financial services sectors in Comoros.”

Reputation

Despite the fact that STP Trading is not regulated at this time, most traders report a positive experience with them. In particular, we have seen praise for their low slippage and reasonable spreads.

When we have run into complaints, they have typically been left by people who did not read the terms and conditions for a bonus offer. These traders became upset when they were unable to withdraw their winnings from a bonus. The reason they were not able to, however, was because they had not met the rollover requirements for the bonus. That is not the fault of the broker.

In fact, this is a good reminder of how important it is to read the terms and conditions for any bonus carefully before you accept it, no matter where you are trading.

Products

STP Trading is a broker that lets you trade forex currencies, as well as commodities, metals, indices, and cryptos.

Spreads & Commissions

Your spreads and commissions at STP Trading depend on your account type. Here are some quick breakdowns.

Spreads

· Standard Account: Spreads from 0.4 pips

· Zero Account: Spreads from 0.0 pips

· Islamic Account: Spreads from 1.5 pips

· ECN Account: Spreads from 0.0 pips

Commissions

· Standard Account: $8 commission

· Zero Account: $7 commission

· Islamic Account: No commission

· ECN Account: $8 commission

Take note that while we wrote $8 as the commission for the Standard Account, that was taken from the features listed for that account type. But separately on the same page, it says $0 commission for that type of account. One of those two is a typo, but we do not know which.

Platform and Tools

You can trade with STP Trading using MetaTrader 5, which is available for Windows, Mac OS, iOS and Android.

STP has also created an STP Portal application specifically for mobile trading. You can get it for your iOS or Android device.

Account Types

STP Trading offers four different types of accounts: Standard, Zero, Islamic and ECN. Let’s learn about each.

Standard

· Spreads from 0.4 pips

· $8 Commission

· Minimum Deposit $50

· Minimum Trade Size 0.01 (1000)

· EAs Available Allowed

Confusingly, it states elsewhere on the same page that there are zero commissions for the Standard account. This is something you’d need to clarify with customer service. We are guessing the $8 listed could be a typo from copying and pasting from the page for ECN accounts.

Zero

· Spreads from 0.0 pips

· $7 Commission

· Minimum Deposit $1000

· Minimum Trade Size 0.01 (1000)

· EAs Available Allowed

You should consider getting this type of account if your goal is to minimize your spreads.

Islamic

· Spreads from 1.5 pips

· No Commission

· Minimum Deposit $50

· Minimum Trade Size 0.01 (1000)

· EAs Available/Allowed

This is the type of trading account you should sign up for if you need to keep your trading activities halal.

ECN

· Spreads from 0.0 pips

· $8 Commission

· Minimum Deposit $50.000

· Minimum Trade Size 0.01 (1000)

· EAs Available

This is another excellent option if you need to keep your spreads low.

Demo Account

STP Trading lets traders practice with a demo account before going live. When you open your demo account, it will come with a balance of $10,000 in virtual funds. You can have up to three demo accounts at a time, giving you a chance to try out different strategies separately.

The only limitation mentioned is that if your demo account has no activity for 90 days, it will expire. So long as you are placing at least one demo trade every 90 days, it will stay open.

Offers and Promotions

Like many other forex brokers, STP Trading offers bonuses and promotions to attract new traders and reward returning traders.

At the time of this writing, we see a couple of active promotional programs at STP Trading: Infinite Plan, and the Champions Demo Contest.

Infinite Plan

“Infinite Plan” is the name of the bonus program that STP Trading offers its affiliates. It includes a 20% bonus, plus monthly rebates.

Champions Demo Contest

If you’re reading this post straight through, then you already know that you can practice trading on a demo account at STP. You will be excited to learn that in addition, you can compete against other traders in a demo contest that STP calls “Champions.”

This contest runs regularly. Each time it does, the balance of each participant is tracked and compared on a leaderboard. At the end of the round, the five players at the top of the leaderboard all win prizes.

To give you an example, here are the prizes that are up for grabs at the time of this writing:

· 1st: iPhone 16 Pro

· 2nd: $700

· 3rd: $300

· 4th: $100

· 5th: $50

To participate, all you need to do is sign up for an account with STP Trading and verify it. Then, open a Champion Contest demo account. After you download MT5 (if you don’t already have it), you can connect it with your Champion Contest account at STP Trading. Then, you can start trading.

Any trades you place from that point on during the contest period in your Champion Contest demo account will count toward your rankings on the leaderboard. This will happen automatically.

Note that this will not happen in your other demo accounts. So, make sure you are placing trades in the correct demo account for them to count toward the contest.

STP Trader Hiring Program

This isn’t a bonus per se, but we will mention it here since it is a program that can increase what you can make from your trading.

STP is hiring traders, functioning a bit like a prop firm. If they choose you, you can trade with up to 5 times the initial capital, and receive a 25% commission on profitable trades, plus a monthly fixed salary. The fixed monthly salary part is unique; we don’t usually see this with prop firms.

So, for example, say you deposit up to $1,000, and you qualify for this program. You will manage up to $5,000 in capital, and receive a $150 monthly salary. You will also get a 25% share on profits. Note that you must hit 20% each month starting within 2 months of beginning your participation. If you cannot, then you will be removed from the program.

Markets and Assets

STP Trading supports trading of the following asset classes:

· Currencies

· Commodities

· Crypto

· Metals

· Indices

This wide selection of assets ensures that there are ample trading opportunities.

Social Trading

There is a copy trading program at STP Trading. The broker specifies that you need to open a live account to use it, however. So, that is just something to be aware of. As that suggests you cannot demo test copy trading, you will want to fund your initial copy trades minimally. Only fund them fully once you are seeing strong results with minimal funding.

Funding & Withdrawals

STP Trading supports the following transfer methods:

· Bank Wire

· BitCoin (BTC)

· Cryptocurrency

· Ethereum (ETH)

· Mastercard

· Perfect Money

· Tether

· VISA

You can deposit or withdraw in USD, AED, GBP or EUR.

If you submit a withdrawal request before 12:00 GMT on a business day, it can be processed that day. So, you can access your funds quickly when needed.

Education and Resources

STP Trading offers a wide variety of educational materials and trading tools and resources.

Economic Calendar

This is a calendar that helps you keep up with the release of prominent reports as well as other news events.

Daily Signals

This broker offers daily signals, including free ones.

Trading Indicators

STP Trading has released some proprietary trading indicators for its customers to use.

Special Services

This broker offers a couple of special services.

· Anti-margin call: “The broker’s experts will review your account within 24 hours, and if the conditions are met, deposit 10% to 50% tradable fund based on the balance of the account. After preventing the account from a potential margin call, the fund will be withdrawn from the account.”

· Hedging in a Negative Margin: The broker defines this as “executing a trade in the opposite direction in critical situations while not having sufficient margin in the account without funding the account in crisis conditions.”

Tutorials

There are tutorials available through STP Trading both for how to use the MT5 platform, and for learning how to trade forex in general. The forex courses include beginning, intermediate, and advanced topics. So, whether you are new to trading or just to STP, you will find the resources here you need to learn the ropes quickly and easily.

Blog

The company’s blog provides more educational articles that traders can read to learn the basics of forex.

Support and Customer Service

One thing that we always pay close attention to when we are evaluating a forex broker is their customer support.

STP Trading offers customer support through a number of different channels. You can contact them by sending them an email, calling them on the phone, or starting a live chat with them on their website.

You also can reach them on WhatsApp or Telegram, or follow them on their social media pages.

While it is great that STP Trading offers a range of different options for reaching out to support, when we tested them out via live chat, we received no response.

Hopefully, we just caught them at a time outside of their normal hours, or while they were especially backlogged. But we do recommend that you test out their support for yourself.

Final Overview of STP Trading

Now you are familiar with STP Trading. While this broker has some drawbacks (not regulated by an official regulator, customer service not always responsive), it offers tight spreads, reasonable commissions, and an abundance of trading tools and resources. It has built a strong reputation as a reliable forex broker over the past few years, and is worth considering if you are looking for where to trade.