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STARTRADER Review Forex Broker & Trading Markets, Legit or a Scam

STARTRADER Logo
Score

3.5/5

Min Deposit

$0

Min Spread

Variable spreads

Regulation

FSA, ASIC, FSCA

Max Leverage

1:500

Email, Live Chats, Contact Forms and Calls
Positive Ratings
60%
Neutral Ratings
20%
Negative Ratings
20%

Company Summary

Aspect Information
Registered Country/Area Seychelles
Founded Year 1997
Company Name STARTRADER
Regulation FSA, ASIC, FSCA
Demo Account Available
Minimum Deposit $0
Maximum Leverage 1:500
Spreads Variable spreads
Trading Platforms Copy Trade, MetaTrader 4 and MetaTrader 5.
Customer Support Email, Live Chats, Contact Forms and Calls
Payment Methods Bank transfers, Cards, Ewallets, and Wire Transfers

Introduction

STARTRADER is a well-regulated trading platform. It has been offering services for over 20 years. STARTRADER has been a reliable trading platform due to its extensive features and security.

STARTRADER Review Forex Broker

In this review, we will discuss the features of the platform. It will include security measures, account types, trading products, and transactions. Lastly, we will be able to identify the legitimacy of the platform.

STARTRADER Overview

STARTRADER is a growing trading platform offering a seamless trading experience. It is designed using the customer-centric approach. It is a regulated trading platform that ensures a secure trading process eliminating misconduct.

The platform offers competitive pricing and advanced tools making it a prime choice. The platform operates on top trading tools like MT4, MT5, and Social Trader. These tools help in creating a diverse trading environment.

Trading Instruments

STARTRADER Trading Instruments

At STARTRADER, you can invest in top trading products from the international market. The platform offers assets aligning with your trading goals. These help in building a diverse portfolio. The top trading products are:

Forex

The platform offers low spreads from 0.0 pips. Traders can invest in over 50 minor, major, and exotic currency pairs.

Commodities

The platform allows traders to invest in materials like gold, silver, and energy products. Traders can get benefits from tight spreads.

Indices

The platform allows traders to trade and invest in global indices. This helps traders understand the market movements.

Shares

At STARTRADER, you can invest in over 70 stock-sized publicly listed companies. These companies are mostly MNCs, like Tesla, Amazon, and more.

Account Types

STARTRADER Account Types

STARTRADER offers two different types of accounts for traders with different needs. These different accounts ensure segregation and offering of dedicated tools. The account types are:

Standard Account

These accounts are designed for traders with basic knowledge. Traders get commission-free trading except in indices. It also offers transparent trading in instant execution.

ECN Account

These accounts are created for traders with advanced knowledge. The ECN accounts charge commissions during trades and provide low spreads.

Additionally, the platform offers demo accounts. These demo accounts help traders practice using virtual funds. It eliminates the risk of losing funds on the platform.

Deposits and Withdrawals

STARTRADER Deposits and Withdrawals

STARTRADER offers multiple payment methods for transactions. These payment methods include bank transfers, cards, wire transfers, and e-wallets.

This allows traders from across the world to invest using their preferred methods.

Also, the platform offers quick deposits and withdrawals making it efficient. The platform does not charge any fees for deposits. The withdrawal can take over three to four business days.

Security and Regulations

STARTRADER Security and Regulations

STARTRADER is well-regulated and has an established trading platform. This makes it a reliable choice.

  • It is regulated by multiple top-tier authorities. It includes FSC, ASIC, and FSCA. The authority supervises the security measures at the platform.
  • Platfrom offers negative balance protection during trading. This eliminates the risk of losing more than they have deposited.
  • The platform has separate accounts for clients’ funds. It helps in keeping your funds safe and eliminates any risks.
  • The platform offers advanced security measures like 2FA and encryptions. This helps protect client data and funds during transactions.

Fees and Commission

STARTRADER does not offer a transparent fee structure for traders. The platform does not charge fees during transactions. It’s commission-free trading and competitive spreads from 0.0 pips.

These spreads can differ depending on the market movement.

Apart from this, there is no information about the fees and commissions involved. The platform lacks information in this segment.

Customer Support

STARTRADER offers dedicated customer support to traders 24/6. The platform supports multiple channels, including emails (info@startrader.com), Live chat, and contact forms. The platform provides traders with dedicated support with a responsive and knowledgeable team.

Apart from this, the platform also offers FAQs and educational resources. These help beginners learn and understand the trading platform. This overall helps in making informed decisions.

Is STARTRADER a Scam?

STARTRADER is a legitimate trading broker. To prove this statement we can look at the key features discussed above. The platform has been regulated and established in the financial industry. It offers a secure and transparent trading environment.

The platform offers diverse trading products and responsive customer support. The overall platform is designed to cater to the different needs of the traders.

Conclusion

STARTRADER is a legitimate and competitive trading broker. It provides a variety of trading instruments, account types, and a user-friendly interface. The platform has become an attractive choice for new and experienced traders.

Additionally, its regulatory statutes make it more credible. The platform commits to transparency and customer security for traders.

Overall, STARTRADER is a credible and trustworthy trading option for all.

  • Well Regulated Trading Platform 
  • Multiple Trading Instruments
  • Limited Information about Fees 
  • Lack of Customer Support
FAQs

Is STARTRADER regulated?

Yes, STARTRADER is regulated by top trading platforms. These authorities are FSA, ASIC, and FSCA.

What trading platforms does STARTRADER operate on?

The platform operates on multiple trading platforms like MT4, MT5, and Social Trader.

Does STARTRADER charge commissions?

STARTRADER charges no commissions on Standard accounts, but commissions apply to Pro and VIP accounts.

What is the minimum amount required to open an account?

The platform requires a small amount of minimum deposit of 50 dollars to open an account.

Does STARTRADER offer an Islamic account?

Yes, STARTRADER offers a swap-free Islamic account.

What assets can I trade on STARTRADER?

Traders can invest in assets like forex, commodities, indices, and cryptocurrencies.

How long do withdrawals take?

The withdrawal can take over three to four business days to process.

Is STARTRADER available in all countries?

STARTRADER serves clients worldwide, but some restrictions may apply in certain countries due to local regulations.

What leverage does STARTRADER offer?

The platform offers variable leverage for different account types and trading products. It starts at 1:500.

Does STARTRADER offer demo accounts?

Yes, STARTRADER provides demo accounts for new traders to practice their strategies without risking real money.

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5