STP Accounts
STP accounts give you all the benefits of ECN real market execution with a low starting deposit of just $10.
STP stands for “Straight Through Processing” execution. In STP accounts the broker's trading commission is included into the spread. STP spreads are variable and depend on the buy and sell orders available in FXOpen ECN. Each order is executed on the real market. The minimum transaction size is as low as 0.01 lot with the minimum "step" of 0.01 lot. 1:500 leverage is available for accounts under USD 25 000.
Just as with ECN, STP accounts offer the same wide selection of tradable financial instruments. There are no limitations on the use of automated trading, expert advisors and strategies including scalping and hedging. Pending orders, Stop Losses and Take Profits can be placed just a few pips away from the market price and even within the spread. With high leverage and a low initial deposit ($10), Forex STP accounts give the opportunity to benefit from a real ECN trading environment even for traders with small and medium capital.
Contract specifications for STP accounts
| |
STP |
| Account currency |
AUD, USD, EUR, GBP, CHF, JPY, SGD |
| Minimum deposit |
from AUD 10 (or equivalent in another currency); |
| Maximum balance |
without limitations |
| Spread |
floating depending on the buy/sell orders available in the Marketplace |
| Commission |
None |
| Quotes format |
0.12345 |
| Execution |
market |
| Minimum transaction size |
0.01 lot |
| Maximum transaction size |
without limitations |
| Minimal increment |
0.01 lot |
| Leverage |
up to 1:500; |
| Margin call |
50% |
| Stop Out |
30% |
| Demo accounts |
Yes |
| Islamic accounts |
No |
| Instruments |
50 currency pairs + gold and silver; |
| Bonuses |
None |
| Expert Advisors |
Yes |
| Scalping |
Yes |
| Hedging |
Yes |
| News trading |
Yes |
| Phone dealing |
Yes |
| Market depth with level 2 quotes |
Yes |
| Trading time |
00:00 Mon – 23:59 Fri (FXOpen Server Time) |
| |
|