May 4, 2016

The Best true STP Forex brokers -No Market Makers-

STP brokers has got many merits for traders.

Before explaining more about the STP brokers, we like to list up the true STP brokers below.

These two brokers are some of a few STP brokers in the world and “No Market Making” is guaranteed.

Please note that there is only a few true STP brokers in the world as many other brokers adopt OTC model or OTC&STP model.

1. GBE Brokers

GBE Brokers official website

GBE Brokers has changed the name due to its management decision, but they have never been accused of something or involved in any regulatory issues.

Now the broker has acquired the CySEC license and has been active since last year.

GBE Brokers is a simple STP broker which focuses on the execution quality more than ever.

Currently, GBE Brokers is not only an STP broker as it is also a market maker. (2017 September)

Some of the merits are:

  • No restrictions on trading methods
  • No profit cancellation
  • No limitations on Positive Slippage
  • No price manipulation or any interference
  • and Fast execution with Equinix LD4 Data center(in London)

GBE brokers offers the most natural trading environment where there is no interference from the broker.

You can trade through MT4, leverage is up to 1:500 and spread is from 0.9 pips including all extra commissions.

Hercules offers “Exclusive Cash Back” promotions for our traders, so the net commissions would be even smaller.

Go to GBE Brokers Official Website

2. Traders Trust

Traders Trust official website photo en

Traders Trust is regulated by all European Authorities which includes ACP, AFM, BaFIN, CNMV, CONSOB, CySEC, EEA, FCA, FI, FSA and MNB since 2009.

It is a trusted online broker with stable reputations.

Trading conditions are same as GBE Brokers because both of them are 100% complete STP brokers.

  • No restrictions on trading methods
  • No profit cancellation
  • No limitations on Positive Slippage
  • No price manipulation or any interference

With Traders Trust, you can trade through MT4, leverage up to 1:500 and spread starts from 1.2 pips.

The spread can be a bit wider than GBE Brokers though, Traders Trust has been active for 7 years already comparing to GBE Brokers which is relatively a new broker.

Go to Traders Trust Official Website

What is the difference between STP brokers and others(OTC brokers)

There are many differences between STP brokers and non-STP brokers.

We like to point out each difference one by one.

  • No conflict of interest

STP brokers do not act as a Market Maker, which means that the brokers do not hedge(cover) its clients’ orders at all.

STP brokers are solely brokers which act as a mediator between traders and Markets, in order to provide its traders the access to the real exchange market.

 GBE Brokers and Traders Trust want you to make profits and continue your tradings.

  • No restrictions on the trading platforms

“No conflict of interest” means that the STP brokers do not need to restrict any profitable trading methods.

For example,  scalping, HFT, News Time tradings, arbitrage are all welcome with STP brokers.

Only thing which is prohibited is “Latency Arbitrage” on CFD instruments. As CFDs are provided as OTC derivatives, “Latency Arbitrage” on CFDs is a restricted method by all brokers.

  • No profit cancellation

As there is no conflict of interest or restrictions on the trading platforms, there is no reason for the STP brokers to cancel profits earned by its traders.

STP brokers want its traders to earn profits.

Have you seen any profit cancellation by online brokers? Well you do not need to worry about it with GBE Brokers or Traders Trust.

  • No price manipulation or interference

Brokers being a complete STP model means that it eliminates the possible price manipulation or any other interference to your trades.

As there is no merit for STP brokers to manipulate prices or interfere on clients’ trades, you can trade with an easy mind with them.

With these STP brokers, you can access to the most natural Forex  trading environment with no additional conditions.

  • Bonus Promotions

Only demerit(if we point out) of trading with STP brokers would be, there is no much bonus promotions offered.

It is because these STP brokers cannot afford to offer extra bonuses as their business model is just ‘”earn profits by markup spread without cover trades”.

Well, real profit comes with the execution quality but not from bonuses. Bonuses are always made to give advantages to the brokers themselves.

If you are not looking for bonuses but real high execution quality environment, GBE Brokers and Traders Trust are recommended by Hercules.

All Forex Brokers

  • 1Market
  • 4XC (4xCube)
  • AAAFx
  • ACY Securities
  • AdroFX
  • AMarkets
  • Axi
  • AximTrade
  • Axiory
  • AZAforex
  • Baxia
  • BDSwiss
  • BKFX
  • CM Trading
  • CryptoAltum
  • Deriv
  • easyMarkets
  • eToro
  • Evolve Markets
  • ExclusiveMarkets
  • FBS
  • ForexChief
  • ForexMart
  • ForexVox
  • Fortrade
  • FP Markets
  • FXCM
  • FXDD
  • FXGiants
  • FXGlory
  • FXOpen
  • FxPro
  • FXTM
  • HFM
  • HotForex
  • HotForex ZA (South Africa)
  • HYCM
  • IC Markets
  • IFC Markets
  • iFOREX
  • InstaForex
  • Investizo
  • IronFX
  • JustForex
  • Land-FX
  • Libertex
  • LiteFinance
  • LMFX
  • M4Markets
  • MiltonMarkets
  • MyFX Markets
  • NordFX
  • NSBroker
  • OctaFX
  • Oinvest
  • Olymp Trade
  • OX Securities
  • Pacific Union
  • PatronFX
  • PaxForex
  • RM Markets
  • SimpleFX
  • SquaredFinancial
  • SuperForex
  • ThreeTrader
  • Tickmill
  • Tifia
  • TIOmarkets
  • Titan FX
  • TopFX
  • TopstepFX
  • Trade Nation
  • Trade360
  • Traders Trust
  • Tradeview Forex
  • UFX
  • Valutrades
  • VantageFX
  • WeTrade FX
  • XM
  • XMTrading
  • XTB

All Crypto-Currency Exchanges

  • Bibox
  • Binance
  • BitMEX
  • Bitpanda
  • BKEX
  • bybit
  • C-Trade
  • CEX.IO
  • CoinEx
  • CoinField
  • CoinPark
  • Kriptomat
  • Paxful
  • PrimeBit
  • StormGain
  • Trade8
  • Wisebitcoin
  • YObit

More from our partners