To trade with an STP platform, one must subscribe or open a trading account with an STP/ECN broker who provides direct access trading. FxPro is an STP Forex broker.

STP trading account holders execute orders into FxPro cTrader platform via an internet connection.

The STP will then match contra-side orders to a Buy Order with the matching price and share count for execution.

STP forex is facilitated by electronic negotiation which is a means of communication between agents, which allows sharing of information in order to determine a price.

STP Forex Key points:

All transactions with a STP/ECN trading platform are completely anonymous. When buying or selling through an STP provider your account cannot be either identified or traced back to you.

Anonymity when STP trading is especially important when using an aggressive trading strategy as it protects your performance and STP trading strategy.

You can place an order in between the Bid and Ask spread, in the hope that the STP broker will find another market participant who will match your order. You can even place orders outside the Bid/Ask spread and attempt to gain several pips by creating your own spread.

Spreads are not fixed on an STP/ECN currency trading platform. The spreads on a particular currency pair will continuously vary depending on the volume being traded in that pair and the available liquidity to support the trades.

STP brokers get pricing feeds from multiple institutional market participants and display the best quote on their trading platform.

STP brokers provide you with improved execution on your trades. It is important to realise you are not trading directly with STP but you are simply using the network provided by ECN - electronic communication network.

The FxPro cTrader is solely focused on matching up your order with the opposite side held by another market participant as quickly as possible.

Learn more about FX prices here.