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STARTRADER Broker Review

Discover STARTRADER, a global online broker founded in 2019, offering cutting-edge trading solutions with competitive pricing and reliable services for traders worldwide.

Updated: 2 April 2025
Overall rating
4.8 of 5
Minimum deposit
50
Tradable instruments
Forex, Shares, Indices, Commodities
Regulation
FSA
Overview Users reviews
Marina Panasenko
Edited by
Marina Panasenko
Table of Content

History and Execution

Startrader was built not long ago at the start of the year 2019 as an international online broker and this is very evident in its aim of providing global market consumers with the latest possible means of trading. Despite its status as a relatively new player in the field, Startrader has been able to establish itself through competitive pricing and reliable services.

Mission and Vision

Startrader is built to provide a transparent trading experience in an advanced way to all of its customers. Its vision is to empower traders around the globe to discover financial goals they can reach through innovation and trust in their banking activities.

Global Office

The company is situated in Seychelles, and has offices in parts of Asia. Clients are received from over 190 countries, making it possible to arrange multilingual support and localized solutions.

Pros and Cons

Elements of Strength vs. Room for Improvement

Pros

  • Competitive spreads
  • Multiple deposit and withdrawal options
  • Reliable customer support
  • VPS reimbursement

Cons

  • Limited research content
  • No phone support
  • No compensation scheme

Security and Regulations

Licenses

StarTrader is dealing with the Financial Services Authority (FSA) of Seychelles to acclimate itself to this regulation.

Segregated Funds And Insurance

Traders' investments are kept in distinct accounts at Tier-1 banking institutions, with the additional benefit of negative balance protection, ensuring their losses do not surpass more than what they have deposited.

Tradable Instruments:

Forex Pairs

Trade with 60-plus forex-majors, minors, and exotic currency pairs. With tight spreads and flexible leverage up to 1:500.

Commodities

Clients can place trades in famous commodities like Gold, Silver, Crude Oil, and Natural Gas at the most competitive prices and the lowest possible requirements of margins.

Indices

All major world financial markets can be accessed through the world indexes such as NASDAQ, S&P 500, FTSE 100, and DAX.

Cryptocurrencies

It allows the trader to take full advantage of digital asset volatility by supporting some of the largest cryptocurrencies such as Bitcoin, Ethereum, and Ripple.

Account Types:

Fees and Charges

Spread and Commissions

Commission-less trading on Standard accounts starts at 1.0 pips and an ECN starts from 0.0 pips on raw spreads with very low commission USD 4 per lot.

Swap Rates

Overnight rates are charged to positions that are taken overnight, while a definite rate is disclosed for all bank accounts—and there is absolutely no such swap for Islamic accounts.

Inactivity Fees

As part of default policy, an inactive fee is applicable on non-utilized accounts for longer periods on STARTRADER policies.

Trading Platforms

Available tools Forex, Shares, Indices, Commodities
CFD Forex: 50 Commodities: 4 Energy: 4 Indices: 20 Stocks: 700

MetaTrader 4 and 5

Both platforms are available and bring many functionalities and software tools. These two platforms include the necessary bar row functions for good chart reading, excellent for use with the help of assistant software, and feature various indicators for efficient trading.

Mobile Trading Apps

Trade from your iOS or Android apps while on the go with your account allowing access still.

WebTrader

Web-based trading through WebTrader eliminates the necessity for you to install anything and is so far the easiest way to get to all required trading functions.

Customer Support

Step-by-step Process to Account Setting up

The registration process is simple through STARTRADER. Once the application is completed online, an account-type selection must be made, with any required verification documents submitted.

Verification Requirements

For international traders, verification just means sending identification via passports or national ID card and proof of address or utility bill and bank account for the client relationship manager to confirm their status.

Deposits and Withdrawals

Methods of Payments

Bank, credit/debit cards, e-wallets: StarTrader offers numerous methods to pay and makes transactions of deposits safe and feasible among these options.

Turnaround Time

Trade transfers are immediate but withdrawals take 1-3 business days, depending on the method used for withdrawal.

Charges Connected with This Purpose

There is usually no charge for many deposits in general, but withdrawal fees may be applicable to certain methods. These fees are available for further details on the site from the broker.

FAQ

Is the broker regulated?

Yes, the organization is under the regulations of the Financial Services Authority (FSA) from Seychelles.

What are the trading platforms on which a person can trade?

The broker has MetaTrader 4, MetaTrader 5, WebTrader, mobile trading apps (iOS/Android) as platforms for trading.

So, how much should a minimum deposit be made?

For standard accounts, this can start at $50 and ECN accounts would need at least $200.

What kinds of account types can be found at the brokerage?

They offer Standard, ECN, and Islamic Account options to best meet the requirements of different trading styles.

What fees and commissions are charged?

This company charges some particular fees as well as some commission on a transaction over an ECN account. There will be a 'swap rate' over an overnight. The company may be charging some inactive fees for dormancy.

What is the maximum leverage you can access?

From 1:500, leverage can be maximized depending on the account and jurisdiction.

Does this company have demo accounts?

Yes, the broker offers demo accounts through virtual funds, for users to practice and test their strategies.

If I need help, how do I talk to customer support?

24 hours is the support time, and language is no barrier to those willing to talk with support staff through phone, e-mail or live chat.

Users reviews

neil atkinson

This service appears to be part of a larger deceptive operation. They initially promote themselves on Facebook under the name Oracle, which is now shifting to Lyon-Bot, and they have a presence on Telegram as well. However, their primary strategy involves using fraudulent profiles and fabricating profit claims. Once you've made a deposit, the so-called personalized support becomes unresponsive.

9 February 2025 Read
Louis Rowe

I appreciate the overall feel of the platform. The website's design is appealing, with all the essential information for traders presented in a straightforward manner. While this clarity is valuable, it's not the sole factor to consider when selecting a broker. Startrader stands out as a reliable and regulated option. Their trading conditions align well with industry norms. I've had a positive experience using this platform for my trading activities.

9 February 2025 Read
Tomas Jansen

I appreciate the atmosphere of this platform, which initially drew me to investigate its trading features and terms further. After conducting thorough research and spending a month trading here, I've gathered some insights: - The platform is quite adaptable. - It offers social trading options. - There's a significant emphasis on MetaTrader apps, which I find beneficial. - The account options are straightforward, with Standard and ECN accounts available, simplifying the choice for users. - The variety of payment methods is robust, with all essential options covered. In summary, Startrader meets all my criteria and is definitely worth recommending.

8 February 2025 Read
Patrick Werfel

This broker, recognized with numerous awards, truly stands out for its exceptional customer support. Whenever I've reached out, I've been impressed by their prompt response, always managing to get back to me within the same business day. This level of efficiency is rare compared to my interactions with other brokers.

8 February 2025 Read
Gary Search

I fell victim to a deceptive scheme that began on Tinder and ended with a significant financial loss. After depositing funds, I found myself unable to withdraw any money. I was lured into joining an exclusive VIP program, only to realize later that reaching the required status was impossible, and my funds were effectively frozen. The individual I met on Tinder, who appeared to be collaborating with this company, convinced me to invest more money, promising it would help me reach my financial goals. This was all part of the trap to make me invest even more. I want to warn others about this fraudulent operation. I suspect I've lost around $60,000. When I reached out to Startrader, they responded publicly to appear reputable, but they ignored my detailed emails. This company is not to be trusted. Recently, Startrader contacted me through Trustpilot instead of the email I provided. I've sent them all the necessary information again, including screenshots, but I have little hope of receiving a response. As of August 24th, they continue to claim they can't find an account under my name, which seems to be a common excuse given to others with similar complaints. It's alarming how many people have experienced this same issue. Another reviewer also mentioned a Tinder-related scam. Stay away from this company if you want to protect your finances.

5 February 2025 Read
Terenzio Siciliani

The absence of requotes is crucial, especially during periods of high market volatility. As someone who trades in the foreign exchange market, I find that this broker truly stands out due to its exceptional trading conditions in such environments.

4 February 2025 Read
Grosvenor Migneault

Wow, what a turbulent summer it was! Fortunately, STARTRADER handled the market fluctuations well by providing VPS and quick order execution. They advertise having very tight spreads, though I think there's room for improvement in that area. Nonetheless, I've found them to be a reliable broker and have successfully made several withdrawals.

4 February 2025 Read
Michele Vitale

Wow, this brokerage truly distinguishes itself from the rest. Having collaborated with numerous brokers over the years, I can confidently say this one is exceptional. They offer three trading platforms: MT4, MT5, and their own custom app. Frankly, I was getting weary of the traditional MT4 and MT5 platforms, so I decided to try out their mobile app. It's incredibly user-friendly, and the variety of helpful widgets has really enhanced my trading experience. I must admit, they've earned my endorsement. 👍👍

3 February 2025 Read
Mano Kappers

I prioritize the security of my finances, and up to this point, this firm has successfully maintained that. Over the past three weeks, I've been involved in trading gold, and the experience has been remarkably seamless. Although I believe the spreads could be slightly reduced, I am satisfied with how everything is progressing.

2 February 2025 Read
Vittorio Milanesi

A truly innovative platform that stands out. I found it incredibly user-friendly, with no issues on my part. It would be exciting if they introduced an updated account option in the near future—something to look forward to, perhaps? Regardless, I encourage you to give STARTRADER a shot. From my experience, it's a brokerage worth recommending.

1 February 2025 Read
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