Straight Through Processing (STP) accounts have always been a favorite choice of brokers due to minimum spread, less risk and instant execution of orders. Many brokers offer the facility of STP accounts against some predetermined commission and initial deposit not less than $1000, hence making them less affordable for a majority of small-scale investors and traders. However, like many other revolutionary and distinctive offers, FXOpen has once again beat its competitors by offering the facility of STP accounts with mere $100 initial deposit and 0% commission.
What is an STP account?
Through STP accounts, a broker allows traders to deal directly with large liquidity providers, hence eradicating the concerns of a trader regarding execution time for an order, spread, slippage, or any other aspect of trading. Orders of a trader are transferred in real-time to interbank liquidity.
Why choose FXOpen for STP trading?
There are some features that distinguish FXOpen among other STP service providers, let’s have a quick look at a few of them.