Page Summary
This guide helps to compare and find the best STP forex brokers in UAE. Straight-Through Processing brokers are popular among UAE forex traders as they allow trading directly with liquidity providers without dealing-desk intervention. However, with 32 local and offshore brokers in UAE offering different trading conditions, selecting the ideal option for individual needs is challenging.
To help beginners and advanced traders make the right choice, the services of available providers have been assessed considering: the range of currency pairs, spreads, trading tools & platforms, research & education materials, Islamic accounts availability, and customer support.
This guide compares 32 providers for users to review and find the ideal forex broker for their needs. To help them make an informed decision, a list of the best STP forex brokers in UAE is shared below, followed by in-depth reviews and comparisons.
Best STP Forex Brokers in UAE
- eToro – Best For Beginners
- Pepperstone – Best For Availability Of Third Party Integrations
- IC Markets – Fastest Trade Execution
- FP Markets – Top For MT4
Top 5 STP Forex Brokers in UAE Reviewed
The best forex brokers in UAE are reviewed below including key features.
eToro – Best STP Forex Broker for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro is a forex and CFD broker founded in 2007
It is a hybrid Market Maker and STP broker, optimizing trade execution using both order routing options (its own order books and STP technology). eToro users can trade on over 52 forex pairs with up to 1:222 leverage.
eToro does not offer the option of a separate STP account, but keeps full exclusivity of how an order will be executed. To find the optimal pricing and trade execution for its users, the broker accumulates many (small) orders to form one large order and send it to its liquidity providers. eToro forex spreads start at 1,0 pips on EUR/USD. The minimum deposit required at eToro is $200.
eToro’s customer support is available via email, live chat, and phone in English, Arabic, and over 15 other languages.
eToro’s Key Features are listed below.
- Wide Range of Available Assets – access to over 3,000 different financial instruments, including 52 forex pairs, 3,173 stocks, 323 ETFs, 32 commodities, 20 indices, and 74 cryptocurrencies.
- Copy Trading Features – users can automate their forex trading by copying trades of professional traders.
- Hybrid Market Maker and STP Broker – eToro is a hybrid Market Maker and STP broker, meaning that orders can be matched by both the broker’s order book and other traders.
- High Maximum Leverage – eToro allows retail traders to trade with up to 30:1 leverage, while professional traders have access to up to 222:1.
- Micro-lot Trading– eToro enables users to open positions as small as 1,000 units of the base currency of any forex trade.
- Broad Selection of Educational Material – Traders can enhance their skills within the eToro Academy or with eToro Plus, Digest & Invest, or the broker’s News and Analysis blog posts.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Pepperstone – Best For Availability Of Third Party Integrations
Min Deposit: $0
Fees: 4.9
Assets available: 4.8
Total Fees:
Pepperstone is an ECN/STP broker, founded in 2010.
Their interbank spreads start from 0.1 pips EUR/USD. Pepperstone guarantees great liquidity and market depth with access to 22 banks and liquidity providers. Users can trade on a wide range of forex trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
Pepperstone allows trading with up to 30:1 leverage to retail traders and up to 500:1 leverage for professional traders.
The minimum deposit required at Pepperstone is $200. Deposit and withdrawal methods include bank wire transfers, credit/debit cards, and e-wallets like PayPal, Neteller, and Union Pay.
Pepperstone’s customer support is available via email, live chat, and by phone in both English and Arabic.
Pepperstone’s key features are listed below.
- Broad Range of Assets – access to over 1,250 assets, including over 60 forex pairs, and CFDs on stocks, indices, ETFs, commodities, and cryptocurrencies.
- 100% Automated Transactions With No Dealing Desk Intervention – all transactions are fully automated and matched between buyers and sellers.
- Access to Automated Forex Trading features – access to Expert Advisors and other automated trading software.
- Advanced Forex Trading Tools – Smart Trader Tools Pack and a free forex trading VPS.
- Extensive Educational Materials – written educational guides, tutorial videos, and in-house hosted webinars.
- Wide Variety of Market Research and Analysis Tools – such as Capitalise.ai and AutoChartist.
74-89% of retail CFD accounts lose money
IC Markets – Fastest Trade Execution
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IC Markets is an ECN/STP forex and CFD broker founded in 2007.
The IC Markets Raw accounts (Raw Spread and Raw Spread cTrader) are STP/ECN accounts with direct access to prices of liquidity providers. Users can trade on various financial instruments, including 61 forex pairs, over 2,100 stock CFDs, 28 commodity CFDs, 9 bonds, 13 cryptocurrency CFDs, and 4 futures CFDs.
Forex trading platforms and third party integrations available at IC Markets are listed below.
- Proprietary WebTrader and app
- MetaTrader 4
- MetaTrader 5
- cTrader
IC Markets has three trading accounts: Standard, Raw Spread, and Raw Spread cTrader accounts. Both Raw spread accounts use ECN (electronic communication network) software to match buyers’ and sellers requests. IC Markets STP accounts charge low spreads from 0,0 pips EUR/USD and a commission of $3,00 to $3,50 per lot.
IC Markets users can trade forex with up to 500:1 leverage. The minimum deposit required at IC Markets is $200. Deposits and withdrawals are available via bank wire transfers, credit/debit cards, and E-wallet services like PayPal, Neteller, Skrill, Union Pay, and BB pay.
IC Markets customer support is available via email, live chat, and by phone in English, Arabic, and over 10 other languages.
IC Markets key features are listed below.
- Wide Variety of Assets – access to 61 forex pairs, over 2,100 stock CFDs, 28 commodities, 9 bonds, 13 cryptocurrencies, and 4 futures.
- No Dealing Desk STP Broker – all orders on Raw Spread and Raw Spread cTrader accounts are directly matched between buyers and sellers.
- Multiple Trading Platforms Available – users can access multiple trading platforms, including MT4, MT5, and cTrader.
- Low Spreads and Commissions on STP Accounts – IC Markets charges commissions between $3 – $3,50 per lot per side and tight spreads from 0,0 pips (EUR/USD).
- High Maximum Leverage & Micro-Lot Trading – High maximum leverage of up to 500:1 and micro-lot trading available.
- Broad Range of Educational Material & Tools – Users can access forex tutorial blog posts and videos, glossaries, and calculators.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets – Top For MT4
Min Deposit: 0
Fees: 5.0
Assets available: 3.1
Total Fees:
FP Markets is an STP forex and CFD broker, founded in 2005.
Users have direct access to liquidity providers without dealing desk intervention. FP Markets spreads start from 0,0 pips EUR/USD and a commission of $3,00 per lot per side. FP Markets pulls quotes directly from multiple tier-1 banking and other financial institutions. Additionally, users have access to fast trade executions through their NY4 VPS Server.
FP Markets users can trade on over 60 forex pairs, 650+ stocks, 15 indices,s 9 commodities, precious metals like gold and silver, 5 crypto CFDs, and 200+ ETF CFDs.
FP Market’s forex trading platforms are listed below.
- WebTrader and FP Markets Trading App,
- MetaTrader 4
- MetaTrader 5
FP Markets has two account types: Standard and Raw Account. The Raw account offers STP spreads starting at 0,0 pips EUR/USD and a commission of $3,00 per lot per side. The maximum leverage at FP Markets is 30:1.
Deposits and withdrawals are available through bank transfers, credit and debit cards, and e-wallets like PayPal, Skrill, and Neteller. Additionally, broker-to-broker transfers are supported.
The FP Markets customer support is available in English and Arabic via email, live chat, and phone.
FP Markets’s key features are listed below.
- Broad Range Of Forex Pairs – 60 forex pairs, 650+ stocks, 15 indices, 9 commodities, precious metals like gold, silver, and palladium, 5 crypto CFDs, and 200+ ETF CFDs.
- No Dealing Desk STP Broker – FP Markets routes all trades directly to its liquidity providers without dealing desk intervention.
- Wide Range Of Forex Trading Platforms – MetaTrader 4, MetaTrader 5, and proprietary WebTrader and mobile app.
- Support for Automated Trading – users can deploy Expert Advisors and use other automated trading software.
- Low Spread and Commissions on STP Accounts – spreads starting at 0,0 pips EUR/USD and a commission of $3,00 per lot per side.
- High Max. Leverage – Traders are allowed to trade with up to 30:1 leverage
75.31% of retail CFD accounts lose money
How To Choose The Optimal STP Forex Broker in UAE?
Criteria to consider for selecting the ideal STP forex broker are listed below.
- Availability of trading platforms & third party integrations
- Regulation and reputability
- Low (floating) Spreads ( based on the actual market volume and available liquidity)
- Wide range of forex pairs
- Variety of account types
- Responsive customer support
Top STP Forex Brokers Compared
Key features of the highest rated STP forex brokers in UAE are compared in the table below.
| Broker | Nr. of Forex Pairs | Account Types | Max Leverage | Regulated By | Min. Deposit | STP Account Avg. EUR/USD Spread |
| eToro | 52 | eToro Trading Account, Demo Account | 30:1 for retail | CySEC, FCA, ASIC | $50 | 1,0 pips |
| Pepperstone | 60 | Standard, Razor, Demo | 30:1 for retail, and 500:1 for professional traders | FCA, ASIC, and the DFSA | $200 | 0,9 pips |
| IC Markets | 61 | Standard, Raw Spread, Raw Spread cTrader, Demo | Up to 500:1 | CySEC, Financial Services Authority of the Seychelles | $200 | 0,6 pips |
| FP Markets | 60 | Standard, Raw, Demo | Up to 30:1 | CySEC, KNF, BAFIN CONSOB, and the CNMV | $50 | 1,0 pips |
What Are STP Brokers?
STP (Straight-Through Processing) brokers are No dealing desk brokers that pass users’ orders directly to liquidity providers (other STP or ECN brokers). Straight-through processing allows fast trade execution with less re-quotes, slippages, lower spreads, and great transparency.
The main features of STP brokers are listed below:
- As STP brokers pass orders directly to liquidity providers, they never trade against its users (no conflict of interest)
- Depending or the order type STP broker route orders either to another STP or ECN broker.
- STP brokers have more competitive and floating (variable) spreads
What Is a STP Platform
An STP platform is a trading platform that uses STP technology to route orders instantly to buyers, sellers, and liquidity providers (banks, hedge funds, and significant brokers).
What Is STP Execution?
STP execution refers to direct trade executions without brokers dealing desk intervention. It is based on Straight-Through Processing technology that allows order filing at the best prices and protects users from re-quotes and delays.
STP Brokers VS Dealing Desk (DD) Brokers or Market Makers
Main differences between STP and Dealing Desk (DD) brokers are listed in the table below.
| STP Brokers | Dealing Desk Brokers (Market Makers) |
| No Dealing Desk: STP brokers send their clients’ orders directly to their liquidity providers. | Dealing Desk: Market Maker brokers have dealing desks to generate their own internal market prices or take a market position against their users’ trades. |
| Low, Variable Spreads: STP brokers often charge variable spreads that adjust according to current market conditions. Spreads are tight compared to spreads of market makers. | Fixed Spreads: Market Maker brokers usually charge fixed spreads, which are higher compared to spreads of NDD brokers. |
| No Conflict of Interest: STP brokers never take market positions agains their clients and only earn commission based on trading volume. | Potential Conflict of Interest: Market Maker brokers may take the other side of traders’ market positions, creating a conflict of interest. Reliable regulated brokers must adhere to strict rules set out by financial watch dogs. |
| Fast and Reliable Trade Execution: STP brokers offer fast trade execution with low slippage or re-quotes. | Re-quotes and Slippage: Trades placed at Market Maker brokers may be subject to re-quotes. Additionally, traders are exposed to slippage during periods of high market volatility and trading volumes. |
STP Brokers VS No Dealing Desk (NDD) Brokers
There are two types of No Dealing Desk Brokers: STP (Straight-Through Processing) brokers and ECN (Electronic Communications Network) brokers.
STP brokers are a type of No Dealing Desk broker that sends orders directly to other liquidity providers (other STP or ECN brokers). This allows faster trade execution (without delay or re-quotes), competitive (floating) spreads and great transparency.
STP Brokers VS ECN Brokers
STP and ECN brokers are both No Dealing Desk Brokers, but they differ in their order routing systems. While ECN brokers only route orders to the central interbanks, STP brokers route orders to other liquidity providers (STP & ECN brokers, banks, and hedge funds). This allows ECN brokers to offer faster trade execution, less re-quotes (slippage) and tighter spreads compared to STP brokers.
What Are The Advantages and Disadvantages of STP Brokers?
Advantages of STP Brokers are listed below.
- Fast order execution – STP brokers allow faster order execution compared to market makers, because they do not pass orders through a dealing desk.
- Less Re-Quotes and Slippage – The STP trading system allows more reliable trade execution with less re-quotes and slippage.
- Lower Spreads – Because of their direct order routing, STP brokers offer competitive spreads.
- Real-time Pricing – STP brokers provide direct market access (DMA) which allows users to see the exact market prices. As STP brokers don’t profit from clients’ losses, they are more transparent.
- No Conflicts of Interest – STP brokers pass orders directly to liquidity providers and don’t hold a market position against its users.
- Access to Micro-Lot Trading – Compared to ECN brokers which have a minimum order limitation of 0,1 lot , STP brokers allow micro-lot trading.
Disadvantages of STP Brokers are listed below.
- Variable Spreads – STP brokers usually have variable spreads which increase during high volatility and low liquidity market conditions.
- High Commissions Charges – STP brokers typically charge a per lot commission as compensation for low spread charges.
- Limited Risk Management Options – STP brokers don’t offer guaranteed stop loss orders. This can cause order execution at higher than expected quotes during volatile market conditions.
Conclusion
It requires time and effort to compare and evaluate the services of different brokers to find the ideal option. Beginners and advanced traders must gather and evaluate relevant information to make the optimal choice for their needs.
This guide does the hard work by comparing and evaluating the top choices for different types of traders and trading goals. The results of our analysis of the best STP forex brokers in UAE are wrapped up in the table below.
The results of our analysis of the best forex brokers in UAE for beginners are examined in the table below
Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | eToro | 4,9/5 | Beginners | Official website |
| #2 | Pepperstone | 4,9/5 | Availability Of Third Party Integrations | Official website |
| #3 | IC Markets | 4,5/5 | Fast Trade Execution | Official website |
| #4 | FP Markets | 4,3/5 | For MT4 | Official website |
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level.