STARTRADER · Company Profile

Overview

STARTRADER is a CFD and forex broker, founded in 1997 and based in the Seychelles. Known for its diverse trading platforms, flexible account types, and high leverage options, STARTRADER offers a comprehensive trading experience for both beginners and advanced traders. The broker is regulated by reputable authorities such as ASIC, FSA, and FSCA, adding an extra layer of security and trustworthiness for its clients. STARTRADER provides access to over 800 financial instruments, including forex, commodities, indices, and more.

Quick STARTRADER Summary

• Founded: 1997
• Headquarters: Seychelles
• Regulation: ASIC, FSA (Seychelles), FSCA
• Broker Type: STP & ECN
• Market Instruments: 50+ currency pairs, 700+ stocks, 10+ commodities, 20+ indices
• Minimum Deposit: $50
• Demo Account: Available
• Leverage: Up to 1:500
• Minimum Spread: From 1.3 pips (Standard Account)
• Trading Platforms: MT4, MT5, WebTrader, App
• Deposit & Withdrawal Methods: Bank transfer, Visa, MasterCard, Sticpay, Perfect Money, Wise
• Customer Support: 24/5 via live chat, email, and social media

Pros and Cons

Pros

• Regulated by ASIC, FSA, and FSCA
• Diverse instruments including forex, stocks, commodities, and indices
• Competitive spreads starting at 1.3 pips on Standard accounts
• Available platforms: MT4, MT5, WebTrader, and mobile app
• No deposit fee; minimum deposit of $50
• Free demo accounts and educational materials
• Negative balance protection

Cons

• Regional restrictions in some countries
• No 24/7 customer support
• Limited research tools
• Islamic accounts unavailable

Is STARTRADER Legal?

STARTRADER is regulated by several financial authorities, ensuring client fund protection:

• ASIC: STARTRADER PRIME GLOBAL PTY LTD, License No. 421210
• FSA (Seychelles): STARTRADER Limited, License No. SD049
• FSCA (South Africa): STARTRADER INTERNATIONAL PTY LTD, License No. 52464

These regulatory bodies impose strict financial standards, further safeguarding client funds through account segregation and negative balance protection.

Market Instruments

• Forex: 50+ currency pairs, including majors, minors, and exotics
• Stocks: Over 700 stocks across various industries
• Commodities: 10+ commodities such as wheat, coffee, oil, and gold
• Indices: 20+ global indices, including S&P 500, NASDAQ, and FTSE

Account Types

• Standard Account: Spreads from 1.3 pips, no commission, leverage up to 1:500, suitable for beginners
• ECN Account: Spreads from 0.0 pips, $7 commission per lot, interbank liquidity, ideal for experienced traders

Both account types support multiple base currencies including AUD, CAD, EUR, GBP, USD, and NZD. A free demo account is available for practicing strategies.

Leverage

STARTRADER offers leverage up to 1:500, which can significantly enhance profit potential but also carries higher risk. Proper risk management is essential when using high leverage.

Spreads and Commissions

• Standard Account: No commission, spreads starting from 1.3 pips
• ECN Account: $7 commission per lot, spreads from 0.0 pips

Trading Platforms

• MT4: Known for technical analysis tools and support for Expert Advisors (EAs)
• MT5: Advanced version with additional timeframes and features
• WebTrader: Accessible via browser, with real-time quotes and basic analysis tools
• Mobile App: For iOS and Android, enabling trading on the go

Copy Trading

STARTRADER supports copy trading, allowing users to replicate strategies from experienced traders. Caution is advised, and it’s recommended to choose trusted traders with proven strategies.

Trading Tools

• VPS: Enhances algorithmic trading speed and efficiency
• Economic Calendar: Displays major market-moving events
• News Room: Provides live updates on market conditions

Deposit & Withdrawal

• Methods: Bank Transfer, Visa/MasterCard, Sticpay, Perfect Money, Wise
• Minimum Deposit: $50
• Processing Times: Most deposits are processed same-day; bank transfers take 3-5 business days

Bonus and Promotions

• 20% Combined Bonus: Up to $10,000
• 50% Deposit Bonus: Available for initial deposits
• 20% Additional Deposit Bonus: Applied to subsequent deposits

Education

STARTRADER offers a range of educational resources:

• Webinars: Hosted by market professionals on strategies and insights
• Knowledge Center: E-books, tutorials, and videos on market fundamentals, risk analysis, and strategy

Customer Service

• Live Chat: Available during trading hours
• Email: info@startrader.com
• Social Media: Facebook, Instagram, Twitter, LinkedIn, YouTube, TikTok, and Telegram

Conclusion

STARTRADER is a reputable broker with strong regulatory backing, a wide array of trading instruments, and adaptable account options to meet various trading needs. The broker’s intuitive platforms and educational materials make it suitable for all levels of traders. While it could improve in areas like research tools, account types, and 24/7 support, STARTRADER’s offerings provide a well-rounded trading experience.