- Website: hw.site
- Founded: 2023
- Company: JAROCEL PTY LTD
- Headquarters: 3 Flamingo Crescent, Beacon Bay, East London, 5241, South Africa
- Regulation: FSCA (Financial Sector Conduct Authority), license number 52108.
STP Forex brokers
STP - Straight Through Processing.
STP broker is a hybrid model between Market Maker and DMA/STP. Sometime it routes your order to the market (acts as an DAM/STP broker - if you win) but sometime it does not (display it own quotes and acts as a Market Maker - if you lose).
- The good: more accurate prices and transparent compare to Market Makers broker, smaller conflict of interest.
- The bad: re-quotes and order rejections.
How STP brokers make money? They have two ways:
- Routes your order to the market and add spread mark-up (similar to DMA/STP)
- Acts as Market Maker and earn from your lose.
Is it a win-win situation where broker always profit? Probably not but it does work most of the time!
- Website: www.fortfs.com
- Founded: 2013
- Company: Fort Financial Services Ltd, Reg. #126.489 (Belizee)
- Headquarters: Suite 5, Garden City Plaza, Mountain View Boulevard, Belmopan, Belize
- Regulation: International Financial Services Commission of Belize (IFSC/60/256/TS/13)