The STP broker has many of the same benefits as the ECN broker. They will typically offer very competitive spreads since they are getting pricing directly from the interbank market. They also offer almost no chance of price manipulation because they never take the other side of their client’s trades. STP brokers are also the most likely to offer no requites and positive slippage, or better prices than what you’re quoted. Finally, the STP brokers typically have no restrictions on scalping, hedging, news trading, and high-frequency trading.
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