
LHFX
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VT Markets
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Moneta Markets
Visit brokerThe FXStreet Team highlights LHFX as a notable STP broker in 2026. It offers STP/ECN execution with no dealing desk, raw spreads and transparent commissions. VT Markets offers STP execution, and Moneta Markets pairs it with a well-established operating history. STP, which stands for straight through processing, is an execution model in which a broker routes client orders directly to liquidity providers such as banks and institutional pools, without a dealing desk intervening manually. Because no dealer sits between the trader and the market, STP is a no dealing desk, or NDD, model. An STP broker does not take the opposite side of a client's trade, unlike a market maker. Instead, it passes each order straight through to its liquidity providers and earns revenue by adding a small markup to the spread, or by charging a commission on each trade. This means the broker profits from trading volume rather than from client losses. STP execution reduces the conflict of interest between a broker and its clients, and it tends to offer faster execution with market-reflective prices. The trade-off is that spreads are variable and can widen during major news or quiet markets, and the liquidity providers behind the feed are not always disclosed. STP accounts suit beginners, swing traders and lower-volume traders who want a straightforward all-in-one spread without tracking a separate commission. Higher-volume scalpers and automated traders often look instead to ECN accounts, where raw spreads plus a small commission can work out cheaper overall.
Account types define the tiers of trading accounts a broker offers, each with its own conditions. The account tier a trader opens determines the execution model and pricing that apply, since STP and other execution models are offered through different account types. The tier a trader selects also sets the minimum deposit and the conditions for funding the account. In Forex there are three main execution models. A market maker runs a dealing desk and takes the opposite side of client trades, typically offering fixed spreads. An STP broker passes orders straight to liquidity providers with a markup added to the spread, while an ECN broker connects directly to an interbank matching engine with raw spreads and a separate commission. STP sits between the two, offering no-dealing-desk execution without the deeper order book of an ECN. Use the table below to compare account types across the three brokers.
The table shows that all these brokers offer multiple account types that include STP and ECN-labelled options. LHFX lists two accounts, LHFX STP and LHFX ECN. VT Markets offers ECN and STP accounts. Finally, Moneta Markets provides Direct STP, Prime ECN and Ultra ECN accounts.
Spreads state the difference between the buy and sell price a broker quotes on an instrument. The spread is a cost built into every trade, and it applies to Forex just as it does to other instruments. For a trader who trades often, the spread is one of the main costs that shapes net returns. An STP broker typically quotes variable spreads that reflect the live prices from its liquidity providers, which means they can widen around news releases or when liquidity is thin. This differs from the fixed spreads a market maker might offer, and from the raw spreads plus commission of an ECN account. Use the table below to compare spreads across these brokers.
LHFX lists raw spreads from 0.0 pips with a flat commission of 6.00 USD per lot per round turn applied to every instrument for all traders. Moneta Markets offers standard spreads from 1.2 pips, alongside raw spreads from 0.0 pips on Ultra ECN Accounts with a commission of 2.00 USD per lot per round turn. VT Markets does not provide specific spread or raw spread data in this comparison.
Trading platforms determine the software environment through which traders place orders and manage positions. The platform a trader uses is separate from the execution model, and it should suit the trader's preferred way of working. A desktop, web or mobile setup each supports a different routine, so the platform matters as much as how the orders are routed. Because STP orders are routed automatically to liquidity providers, execution tends to be fast and free of re-quotes. This automated routing suits active traders who want their orders filled promptly without manual intervention from a dealing desk. Use the table below to compare trading platforms.
The data shows that the three brokers support the MetaTrader 5 (MT5) platform. VT Markets and Moneta Markets both also offer MetaTrader 4 (MT4), while LHFX does not list MT4. VT Markets provides the widest range of platforms, including MT4 WebTerminal, MT4 MultiTerminal, MT5 WebTrader, a mobile app and a web platform. Moneta Markets offers MT5 WebTrader, a mobile app, a web platform and its own ProTrader platform, while LHFX focuses solely on MT5.
Regulation indicates the licences a broker holds and the authorities that oversee it. A trader who opens an STP account is trusting the broker with money, so the regulatory standing of the broker is a direct safety consideration. Holding a licence from a recognised authority is one way a trader can gauge whether a broker is subject to meaningful oversight. Before a trader can open an STP account, the broker is required to verify the trader's identity, a step that regulated firms must complete before accepting deposits. This check is part of the oversight that a regulated broker operates under, and it applies to every account the broker opens. Use the table below to compare regulation across each broker.
The comparison shows that these brokers hold multiple licences, but with different regulatory profiles. LHFX is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius. VT Markets combines oversight from the Australian Securities and Investments Commission (ASIC) in Australia with regulation from the FSCA in South Africa and the FSC in Mauritius. Moneta Markets has the broadest list, with authorisation from the Financial Conduct Authority (FCA) in the United Kingdom, the FSCA in South Africa, the FSC in Mauritius and the Financial Services Authority (FSA) in Seychelles.
Leverage sets the ratio of borrowed capital a broker makes available relative to a trader's own funds. Leverage controls how much exposure a trader can take relative to the funds in the account, and it works the same for STP accounts as for other execution models. Higher leverage increases both potential gains and potential losses, so it should be weighed against the risk a trader is prepared to accept. The table below breaks down leverage description, maximum leverage for retail traders, and maximum leverage for professional traders.
The data shows that maximum leverage is broadly high across these brokers. LHFX and VT Markets both offer maximum leverage of 1:500 for retail and professional traders. Moneta Markets stands out with higher maximum leverage of 1:1000 for both retail and professional traders. Moneta Markets is also the only broker in this group that specifies that leverage varies by instrument and region.
Minimum deposit states the smallest amount a trader can use to open and fund an account. The minimum deposit is the first figure a trader encounters when opening an account, and a low minimum means trading can begin without a large upfront commitment. This matters for anyone testing a broker with a first deposit. The table below breaks down minimum deposit for each broker.
The table shows that minimum deposit requirements vary across the three brokers. LHFX has the lowest entry point, with a minimum deposit of 10. Moneta Markets sits in the middle of the range with a minimum deposit of 50. VT Markets has the highest requirement, with a minimum deposit of 100.
Asset classes are the broad categories a broker offers, such as Forex, indices, commodities and shares, while instruments are the individual markets within them (GBP/USD, Silver...). This breadth determines which markets a trader can reach from a single account. The comparison table below breaks down the asset classes each broker offers.
The table shows that these three brokers provide access to Forex, indices, energies, precious metals, like Gold or Silver, and cryptocurrencies. LHFX and Moneta Markets both extend this with exotic pairs and share CFDs, while VT Markets lists stocks alongside share CFDs. VT Markets and Moneta Markets additionally offer ETFs, commodities and bonds, with Moneta Markets further distinguishing itself by including future indices and regional stocks.
Payment methods cover the ways traders can deposit funds into and withdraw funds from a trading account. A broker that offers STP accounts still needs to be funded, so the payment methods a broker supports matter for traders who want to deposit and withdraw. Traders should check which methods are available, since some brokers accept certain methods for deposits but not for withdrawals. The table below breaks down payment methods.
The data shows that all three brokers support card payments, with Visa and Mastercard available at LHFX, VT Markets and Moneta Markets, and UnionPay additionally offered by VT Markets and Moneta Markets. E-wallet coverage is broad, as Skrill and Neteller are available at all three brokers, while LHFX and Moneta Markets add Google Pay and Apple Pay, and VT Markets includes PayPal and Alipay. VT Markets focuses on traditional banking rails with multiple bank transfer options, including SWIFT, international and local bank transfers and FPX bank transfer, whereas Moneta Markets offers wire, international, local and instant bank transfers alongside regional methods such as Boleto, Pix, PagSmile and TCPay. LHFX and Moneta Markets are the only brokers in this group to support USDT and wider cryptocurrency funding, with LHFX listing Bitcoin explicitly.

LHFX
| Regulated by | FSCA, FSC-MU |
| Currencies accepted for deposits/withdrawals | BTC, EUR, GBP, USD |
| Trading platforms allowed | MetaTrader 5 (MT5) |
| Customer service languages available | arabic, english, spanish, french, portuguese |

VT Markets
| Regulated by | ASIC, FSCA, FSC-MU |
| Currencies accepted for deposits/withdrawals | AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT4 WebTerminal, MT4 MultiTerminal, MT5 WebTrader, Mobile App, Web Platform, MAM/PAMM |
| Customer service languages available | german, english, french, hindi, indonesian, khmer, malay, polish, portuguese, thai, tagalog, vietnamese, chinese |

Moneta Markets
| Regulated by | FCA, FSCA, FSC-MU, FSA-SC |
| Currencies accepted for deposits/withdrawals | BRL, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Trading platforms allowed | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MT5 WebTrader, Mobile App, Web Platform, ProTrader |
| Customer service languages available | arabic, german, english, spanish, persian, indonesian, italian, japanese, korean, malay, thai, turkish, vietnamese, chinese |

VT Markets
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Moneta Markets
Visit brokerOur Editorial Process
Our editorial team personally tests each broker with real accounts. We evaluate spreads, execution speed, customer support, and withdrawal times over a 3-month period. Every broker on this list has been independently verified by at least two members of our research team to ensure accuracy and fairness in our recommendations.