STARTRADER Review – Forex Broker Profile

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STARTRADER

3.0/ 5
  • Websitestartrader.com
  • Skypeinfo@startrader.com
  • Emailinfo@startrader.com
Max leverage1:500
Min. deposit$50
Spreads from0.1 pips
RegulatorFSA SC

STARTRADER key facts

Regulated by
Regulated by the Financial Conduct Authority, Firm Reference Number 600837. STARTRADER LIMITED is regulated by the Seychelles Financial Services Authority (FSA), License No. SD049
Headquarters
Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines
Founded
2019
Minimum deposit
$50
Leverage
Up to 1:500
Country
St. Vincent and the Grenadines.
Base currencies
USD and EUR

STARTRADER trading conditions

  • Minimum spreads0.1 pips
  • Trading platformMetaTrader4, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, WebTrader (MT5 for IOS/Android/Webtrader)
  • Web tradingYes
  • Hedging & scalpingYes
  • News tradingYes
  • Mobile tradingYes

What is STARTRADER?

STARTRADER trading conditions: leverage up to 1:500, spreads from 0.1 pips, $50 minimum deposit MAX LEVERAGE1:500 SPREADS FROM0.1 pips MIN. DEPOSIT$50
STARTRADER headline trading conditions at a glance.

STARTRADER is a forex and CFD broker based in St. Vincent and the Grenadines., listed with a foundation year of 2019. It offers leverage up to 1:500, spreads from 0.1 pips and a minimum deposit of $50. Clients trade on MetaTrader4, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, WebTrader (MT5 for IOS/Android/Webtrader) and on mobile.

Navigate the world of trading with our powerful platforms MetaTrader 4 and Social Trade and enhance your experience with smart tools like VPS and Web Trader, also available on Web, Android, and iOS devices. We make financial markets available to you, whenever and wherever you want.

Our mission is to continue enabling our clients and partners to access global financial markets and attain financial freedom in a flexible and reliable environment.

To be recognised as a trusted yet flexible, market-leading Forex and CFD broker by traders, introducing brokers and industry influencers. We want to be known as the customer-centric broker and the broker that offers - The power of choice.

All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors.

The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk.

Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice if you do not understand the risks involved.

You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. STARTRADER LLC assumes no liability for any loss sustained from trading in accordance with a recommendation. Trading via this website is with STARTRADER LLC.

This website, including the information and materials contained in it, is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

STARTRADER PRO LIMITED is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 600837. STARTRADER LIMITED is regulated by the Seychelles Financial Services Authority (FSA), License No. SD049. STARTRADER LLC is a company duly incorporated in Saint Vincent & The Grenadines under Number 228 LLC 2019 to provide margin FX and CFDs trading services for global investors.

Is STARTRADER safe and regulated?

STARTRADER is regulated by Regulated by the Financial Conduct Authority, Firm Reference Number 600837. STARTRADER LIMITED is regulated by the Seychelles Financial Services Authority (FSA), License No. SD049. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.

Offshore regulation is also the reason the broker can offer leverage up to 1:500 and trading promotions, which tier-1 regulators restrict for retail clients.

Safety checklist before you deposit

  • Search licence SD049 on the official FSA SC register and confirm the company name matches.
  • Check that client funds are held in segregated bank accounts.
  • Make a small first deposit and test a withdrawal before you add more.
  • Confirm negative balance protection applies to your account type.

STARTRADER account types

The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $50 minimum deposit.

STARTRADER account options
AccountBest forAvailable
Mini accountBeginners trading small lot sizesYes
VIP accountHigh-volume traders wanting raw spreadsYes
Islamic (swap-free)Traders who need no overnight interestYes
Managed accountInvestors who prefer a money managerYes

Trading platform and conditions

STARTRADER provides MetaTrader4, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, WebTrader (MT5 for IOS/Android/Webtrader), so you can trade from any browser without installing software. Mobile trading is supported as well.

  • Scalping and hedging are permitted, which suits short-term and EA-style strategies.
  • News trading is allowed during high-impact economic releases.
  • Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
  • Leverage up to 1:500 gives large position sizes from a small deposit, which also raises the risk of fast losses.

Deposits and withdrawals

STARTRADER supports 11 funding methods, including Bank wire, Debit/Credit card, Advcash, Perfect Money, Binance, Bitcoin and more. Accounts can be held in 1 base currency (USD and EUR), which helps you avoid conversion fees.

STARTRADER bonus: <p>20% Forex Deposit Bonus</p>

How the promotion works

The current STARTRADER promotion is <p>20% Forex Deposit Bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the STARTRADER website before you trade for it.

Check the promotion

Looking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.

STARTRADER pros and cons

Pros

  • High leverage up to 1:500
  • Raw spreads from 0.1 pips
  • Scalping and hedging allowed
  • News trading allowed
  • Islamic, VIP, Mini and managed accounts
  • 11 deposit methods including crypto

Cons

  • Only offshore regulation (FSA SC)
  • No investor compensation scheme

How to open a STARTRADER account

  1. RegisterVisit the STARTRADER website and sign up with your name, email and phone number.
  2. Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
  3. Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
  4. Fund the accountDeposit at least $50 with Bank wire, Debit/Credit card, Advcash or another method.
  5. Start tradingLog in to MetaTrader4, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, WebTrader (MT5 for IOS/Android/Webtrader) or the mobile app and set your risk per trade.

Is STARTRADER a good broker? Our verdict

STARTRADER suits active traders who want high leverage, raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.

STARTRADER FAQ

Is STARTRADER a regulated broker?

Yes. STARTRADER is regulated by Regulated by the Financial Conduct Authority, Firm Reference Number 600837. STARTRADER LIMITED is regulated by the Seychelles Financial Services Authority (FSA), License No. SD049. This is an offshore licence with lighter investor protection than UK, EU or Australian regulators.

What is the minimum deposit at STARTRADER?

The minimum deposit is $50. You can fund your account with Bank wire, Debit/Credit card, Advcash, Perfect Money and more.

What is the maximum leverage at STARTRADER?

STARTRADER offers leverage up to 1:500. High leverage increases both potential profit and potential loss, so use a stop-loss and small position sizes.

Does STARTRADER offer an Islamic account?

Yes. Swap-free Islamic accounts are available for traders who cannot pay or receive overnight interest.

Does STARTRADER have a bonus?

The current promotion is <p>20% Forex Deposit Bonus</p>. Read the full terms on the broker's website before you trade for it. Check our forex no deposit bonus page for more free offers.

Where is STARTRADER located?

The head office is at Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines.

Can I scalp and hedge with STARTRADER?

Yes. Scalping and hedging are allowed, and news trading is allowed too.

Which trading platform does STARTRADER use?

STARTRADER offers MetaTrader4, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, WebTrader (MT5 for IOS/Android/Webtrader), with mobile trading support.

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Risk warning: CFDs and leveraged forex are complex instruments with a high risk of losing money quickly. Make sure you understand how they work and whether you can afford the risk. ForexAllNews may earn a commission from links on this page; this does not change our review.