Trading / Account Types / Comparative table
STP trading accounts give you all the benefits of ECN real market execution with a low starting deposit of just 10 USD.
STP stands for “Straight Through Processing” execution. In STP accounts the broker's trading commission is included into the spread. STP spreads are variable and depend on the buy and sell orders available in TenkoFX ECN. Each order is executed on the real market. The minimum transaction size is as low as 0.01 lot with the minimum "step" of 0.01 lot. 1:500 leverage is available for accounts under 25 000 USD.
Just as with ECN, STP trading account offers the same wide selection of tradable financial instruments. There are no limitations on the use of automated trading, expert advisors and strategies including scalping and hedging. Pending orders, Stop Losses and Take Profits can be placed just a few pips away from the market price and even within the spread. With high leverage and a low initial deposit (10 USD), Forex STP accounts give the opportunity to benefit from a real ECN trading environment even for traders with small and medium capital.
STP trading account |
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| Account currency | USD, EUR, GBP, JPY, RUB, CHF, Gold* |
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$10 (or the equivalent in another currency) |
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without limitations |
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floating depending on the buy/sell orders available in TenkoFX ECN |
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No |
| Quotes format | 0.12345 |
| Execution | market |
| Minimum transaction size | 0.01 lots |
| Maximum transaction size | without limitations |
| Minimal increment | 0.01 lots |
| Leverage | up to 1:500 see the details |
| Margin call | 50% |
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30% |
| Demo accounts | Yes |
| Islamic accounts | Yes** |
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50 currency pairs + gold and silver |
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10 USD for opening the 1st STP trading account |
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Yes |
| Scalping | Yes |
| Hedging | Yes |
| News trading | Yes |
| Phone dealing | Yes |
| Market depth with level 2 quotes | Yes |
| Trading time | 00:00 Mon – 23:59 Fri (GMT+2) |
| Inactive account fees | maintenance
- $10 per month reactivation - $50 |
*GLD is the basic unit to indicate account balance, margin, profit, etc. for Gold-based accounts in MetaTrader 4. 1 GLD = 0.001 troy ounce (equal to approx. 0.03 grams of gold).
**For overnight positions we charge an additional commission equal to the Swap rate of the particular currency pair.
