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What does it cost to open an STP Trading account?
We don’t charge a cent. When you trade with STP Trading, the amount minus the transaction fee of your deposit will go into your trading account – but please be aware that your personal bank or wallet or any payment method that you use may charge you for wire transfers when making deposits. At STP Trading, we keep our pricing transparent and charge low-to-zero commission (depending on account type) because our mission is to make financial markets accessible worldwide.
How do I open a live account?
Apply for an account by submitting your contact details, personal information (with proof of address). Once the application is complete & all appropriateness checks are valid, we’ll email you access codes to our client portal. Upon opening the portal with your unique details, you’ll be able to make your first deposit via secure transfer along with your proof of account.
Can I open a Demo account?
Yes, you can open a free Demo account with a balance of $10,000 in simulated funds to test the platform and your trading strategies on live markets in a risk-free environment.
Will my Demo account expire?
Yes, all Demo accounts expire if inactive for 90 days.
What’s the right trading account for me?
Our accounts vary based on deposit size. Open a Standard account with no minimum or enjoy zero commission on Islamic accounts. Premiere accounts with deposits from $10,000 offer tight spreads from 0.0 pips*. If you’re not ready to fund, practice risk-free on real markets with a Demo account.
Can someone trade on my behalf?
STP Trading is an execution-only broker. That means we do not trade on behalf of its clients, nor does it recommend anyone to trade on behalf of clients. However, you can, at your own discretion and liability, appoint someone else to trade on your behalf by providing a signed limited power of attorney subject to our compliance team’s approval. If you wish to appoint an asset manager, we will need to verify that they are regulated and licensed to do so.
Can I change my existing account type or currency?
Once an account type & currency is set, it’s not possible to change these details to ensure we stay compliant to local regulators. We do allow up to three trading accounts under any one portal, so we recommend you open a second (or third – at the max) account with a new account type and currency.
Can I open more than one trading account?
Yes, you can have a maximum of 3 live trading accounts with STP Trading. Open an additional account in 5 simple steps: Login to your client portal Click on ‘Add Account’ Select ‘Live Account’ Choose the type for your new account click ‘submit’ your new trading account login credentials will be sent via email.
Can I open more than one Demo account?
Yes, you can have up to 3 Demo accounts through your client portal.
Can I open a swap-free account?
Yes, we offer swap-free accounts which are exempted from swaps on currency majors, minors & precious metals. It is not possible to have a swap-free and swap-enabled account open at the same time, but you can convert your existing account to swap-free by contacting our dedicated account managers. Please make sure to check all products within a swap-free account as in certain cases, like exotic currency pairs, rolling indices or commodities – some swap charges may still apply. For products that have a fixed expiry date, like futures CFDs or rolling CFDs, a fixed commission of $10/lot is applied. Read full terms & conditions.
Do you offer corporate accounts?
Yes, we do offer corporate accounts. Please contact us at [email protected] for further information on the corporate account opening process.
What documents do I need to open a live account?
Typical documents that are requested for individual retail applications are a proof of identity (i.e., valid passport), proof of address (i.e., rental contract, utility bill, etc.) Document requests may vary depending on the type of application you are applying for and your country of residence, so you might be requested for additional documents by our account opening team.
What is the difference between a ‘wallet’ account and a trading account?
A Wallet Account is similar to an E-Wallet. When you fund your wallet, your funds will be deposited to the wallet Account in USD. You cannot log in to the MT5 with your Landing Account, you must use your Trading Account to do so. A Trading Account allows you to trade on the MT5. To start trading, you will need to deposit to your trade account or make an internal transfer from your Landing Account to your Trading Account.
Do you offer micro-accounts (Penny Accounts)?
We do not offer micro-accounts, but our Standard & Premiere accounts allow a minimum traded volume of 0.01 standard lots to open a position.
What is the order execution technology on my account?
All accounts have STP market execution technology. STP Trading are a market-to-market straight-through processing (or ‘STP’) execution-only broker, licensed by the Financial Services Authority of Saint Vincent and the Grenadines. This means we do not hold the clients’ positions; all positions are sent directly to our liquidity providers.