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STARTRADER Review 2024

Vladimir Zernov
Reviewed By:
Ola Alder
Updated: Jun 9, 2024
Overall Rating
  • Trust
  • Fees
  • Platforms and Tools
  • Tradable Instruments
  • Customer Support
  • Research
  • Deposit and Withdrawal
  • Account Types and Terms
  • Education
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.

    Our Take On STARTRADER

    Established in 2013, STARTRADER is a versatile multi-asset CFD broker. Whether you’re interested in forex, commodities, indices, stocks, or cryptocurrencies, STARTRADER provides access to the renowned MetaTrader 4 and MetaTrader 5 platforms. Our evaluation revealed that the broker offers a moderate range of assets and competitive spreads, making it a favorable option for traders globally.

    STARTRADER Pros and Cons

    Pros Cons
    • Competitive spreads
    • Multiple deposit and withdrawal options
    • Reliable customer support
    • VPS reimbursement
    • Limited research content
    • No phone support
    • No compensation scheme

    STARTRADER Highlights for 2024

    • Sufficient Protection: The broker is regulated by Seychelles FSA, and Australia ASIC. Both offer negative balance protection and keep client funds in separate accounts. However, the third entity is unregulated.
    • Competitive Fees: Our tests revealed that STARTRADER offered attractive fees, especially at its Standard Account.
    • Popular Platforms: The broker offers MetaTrader 4 and MetaTrader 5 platforms.
    • Choice of Markets: STARTRADER provides access to popular instruments in various asset categories, including forex pairs, indices, commodities, stocks, and crypto.
    • Two Accounts: STARTRADER offers a spread-based (Standard) and a commission-based (ECN) accounts.
    • Reliable Support: The broker’s support team provides prompt and professional responses.

    Who is STARTRADER For?

    STARTRADER caters to both new and experienced traders, offering a $50 minimum deposit, responsive support, and user-friendly copy trading for newcomers, while seasoned traders benefit from competitive spreads, a VPS reimbursement program, and versatile financial transaction methods. The platform’s narrow spreads are crucial for high-volume traders, significantly impacting profitability, and its VPS program is a standout feature, particularly for those utilizing algorithmic trading strategies, making advanced trading techniques more accessible.

    What Sets STARTRADER Apart?

    STARTRADER stands out with its competitive spreads and VPS reimbursement program, features that are particularly valuable for seasoned traders.

    I performed our tests with a Standard Account, using the MT4 desktop and MT4 mobile platform, opened with STARTRADER International PTY LTD. Some features and services may vary depending on where you reside.

    STARTRADER Main Features

    ☑️ RegulationsFSA (Seychelles), ASIC (Australia)
    🗺 Supported Languages
    English, French, Portuguese, Thai, Arabic, Spanish, Chinese, Japanese, Malaysian
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$50
    💹 Max Leverage1:500 (FSA), 1:30 (ASIC)
    🖥 Trading Desk TypeNo dealing desk, ECN
    📊 Trading PlatformsMT5, MT4
    💳 Deposit OptionsPerfectMoney, Wire Transfer, Skrill, Neteller, E-wallets, Visa, Mastercard, SticPay, Cryptocurrencies
    💳 Withdrawal OptionsWire Transfer, Neteller, Skrill, PerfectMoney, E-wallets, Visa, Mastercard, SticPay, Cryptocurrencies
    🤴 Demo AccountYes
    🗓 Foundation Year2013
    🌎 Headquarters CountrySeychelles
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    STARTRADER Full Review


    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Founded in 2012, STARTRADER, with over a decade in business, is regulated in Seychelles and recently obtained ASIC regulation in Australia. Additionally, it has a registered but unregulated entity in St. Vincent and the Grenadines.

    STARTRADER Regulations

    In this section, we will delve into the regulatory frameworks governing broker’s various entities and what that means for you as a trader. We employ a rating system for regulators, ranging from 1 to 3, where Tier 1 signifies the pinnacle of trustworthiness.

    STARTRADER Ltd record at FSA Seychelles
    STARTRADER Limited record at FSA Seychelles

    Why is it Important to Know Where Your Broker’s Subsidiary Is Regulated?

    Each regulator has its requirements for brokers, which may differ substantially. Such requirements cover aspects like leverage levels and specific protections for investors. These protections may include negative balance protection, segregated accounts, and investor compensation funds. Traders should understand the differences between regulations to evaluate whether the broker suits their needs.

    STARTRADER’s entities offer segregated accounts and negative balance protection. The segregation of clients’ funds ensures that clients’ money is not used for the broker’s own business purposes. Negative balance protection safeguards clients from losing more money than they have in their accounts. However, none of STARTRADER’s entities have a compensation scheme.

    I have summarized key aspects of the brokers’ entities in terms of regulation and safety in the table below:

    Country/Region St. Vincent and the Grenadines Seychelles Australia
    Regulation Unregulated FSA ASIC
    Tier Level Tier 3 Tier 1
    Segregated Funds Yes Yes Yes
    Negative Balance Protection Yes Yes Yes
    Compensation Scheme No No No
    Max. Leverage  1:500 1:500 1:30

    Is STARTRADER Safe to Trade With?

    All of these entities practice financial safeguards, such as holding client funds in segregated accounts separate from the broker’s own operational funds. They also offer negative balance protection, which prevents traders from going into debt beyond what’s in their accounts. However, none of the entities provide a compensation scheme. Thus, I consider STARTRADER to be a moderatetly secure broker.

    Stability and Transparency

    In my tests for the Trust category, I also cover factors relating to stability and transparency. Here, I focused on how long the broker has been in business, the size of the company, and the transparency in terms of information being readily available.

    STARTRADER has been in business for over 10 years. My research showed that the company is not publicly traded and does not operate a bank. Clients can find the Client Agreement in a dedicated section of the company’s website. Details about the company’s regulations and protections like negative balance protection and segregated funds can be found here. The Trading Accounts page contains the details of the broker’s account offering.

    In summary, my research indicated that STARTRADER can be regarded as having a reasonable level of trust and stability due to the following factors:

    • STARTRADER has been in business for more than 10 years.
    • Its entities provide negative balance protection and offer segregated accounts.
    • The broker provides easy access to important information on the company’s website.


    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    I assessed STARTRADER’s trading fees to be competitive. My tests showed that spreads for the Standard Account were mostly lower than the industry average, while the swap fees were slightly higher.

    Forex spreads at StarTrader
    Forex spreads at StarTrader

    STARTRADER Trading Fees

    For this review, I tested the STARTRADER Standard Account, where the broker charges spreads and swap/rollover fees and does not charge commissions. StarTrader also offers a commission-based account.

    STARTRADER Spreads

    I tested the spreads on the STARTRADER Standard Account during the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These are the most actively traded times.

    I summarized my findings in the table below:

    Instrument Live spread AM Live spread PM
    EURUSD 1.4 1.2
    GBPJPY 1.3 1.2
    Gold (XAUUSD) 20 22
    WTI Oil 0.05 0.032
    DAX  0.6 0.5
    Dow Jones  1.3 1
    Apple n/a 0.05
    Tesla n/a 0.12

    My tests indicated that STARTRADER offers low spreads for GBP/JPY, Gold, Apple, Tesla, DAX, and Dow Jones. The spreads for EUR/USD and WTI Oil were medium during my tests.

    Swap Fees

    Instrument Swap Long Swap Short
    EUR/USD -6.22 2.44
    GBP/JPY 19.67 -34.83

    My tests showed that the swap rates for EUR/USD were moderate, while those for GBP/JPY were high.

    Are STARTRADER’s Trading Fees Competitive?

    My hands-on testing revealed that STARTRADER boasts highly competitive fees for trading in a range of assets, including GBP/JPY, Gold, Apple, Tesla, DAX, and Dow Jones. However, I estimated the spreads for EUR/USD and WTI Oil as moderately priced.

    Platforms and Tools

    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    STARTRADER offers seamless integration with the well-regarded MetaTrader 4 and MetaTrader 5 platforms, accommodating traders of all experience levels. Additionally, traders can benefit from copy trading feature and VPS hosting.

    MetaTrader’s widespread popularity among brokers stems from its robust suite of technical analysis tools and its comprehensive support for algorithmic trading. Given that many traders are already well-acquainted with the MetaTrader 4 or 5 environments, this eliminates the learning curve often associated with adopting a new trading platform.

    MT4 Desktop and Web Platforms

    In this review, I tested MetaTrader 4, a platform renowned for its extensive selection of indicators and timeframes suited for technical analysis. Given that MT4 is a staple offering across various brokers, it’s likely that most traders – whether newcomers or veterans – have some level of familiarity with this platform.

    Generally speaking, MT4’s charting capabilities are user-friendly enough for beginners to navigate after a bit of groundwork. For more advanced traders, the platform provides ample room for customization, including the option to download and integrate additional indicators to fine-tune their trading strategies.

    General Ease of Use

    MetaTrader4 is a very popular trading platform that suits beginners and advanced traders alike. While beginners may have some work to do to get accustomed to the platform, the educational tutorials are readily available on the web, both in text and video formats. Those who are keen learners would not face significant issues with MT4.

    MT4 offers customizable watchlists and charts, which could be tailored to traders’ needs. It also provides copy trading and automated trading features. While newcomers to the platform may require some time to familiarize themselves with the trading platform, the navigation is logical.


    MT4 offers:

    • 51 indicators
    • 31 drawing tools
    • 9 timeframes

    Both beginners and advanced traders will have plenty of options to choose from when developing their trading strategy.

    Indicators include:

    • Trend indicators
    • Oscillators
    • Volumes
    • Bill Williams
    • Custom indicators

    Available time frames include 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly. Some platforms offer a wider range of timeframes, but the number of timeframes provided by MT4 is more than sufficient for practical purposes.

    MT4 also supports objects:

    • Lines
    • Channels
    • Gann Tools
    • Fibonacci Tools
    • Shapes
    • Arrows

    Please note that there are no Elliott Waves which is an essential indicator for many pro-level traders. This indicator could be purchased from third parties.

    Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart. While candlesticks are generally more popular among traders as there is an abundance of candlestick patterns used to make trading decisions, other types of charts also have their fans.


    MT4 provides access to the main order types that you will need when trading:

    • Market order, which is used to buy or sell the instrument at the current marketplace. This order is used when a trader wants to establish a position as fast as possible. Typically, this order is necessary when the instrument’s price begins to move quickly. The main risk of this order is that you pay a spread, which is the difference between the bid price and the ask price.
    • Limit order, which is used to buy or sell the instrument at a preset price, or better. This order is used when the trader wants to establish a position at a certain level and is not willing to pay current market prices. Using limit orders is a good way to control risks because the trader controls the price that will be paid. In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price.
    • Stop loss order, which is used to exit the position when the price is moving in the wrong way. This order is triggered when the price reaches a specified price point.
    • Trailing stop order, which is used to set a stop order that will move in case of open position trends in the right direction. This order is used to protect a trader’s profits if the market direction reverses.
    Order at MetaTrader 4
    Order at MetaTrader 4

    My Key Takeaways After Testing MetaTrader 4 Desktop Platform

    I’ve had years of hands-on experience with MetaTrader 4, and for this review, I took a deep dive into STARTRADER’s MT4 offering for over a week. While some might view the platform’s aesthetic as somewhat dated, its capabilities are both robust and user-friendly – once you become familiar with the menu navigation. Investing a little time to master MT4 is undoubtedly time well spent. It’s worth noting that while MT4 is somewhat less advanced than its successor, MT5, transitioning between the two is a breeze. If you’re comfortable with one, you’ll have no trouble adapting to the other.

    MT4 Mobile App

    STARTRADER offers MT4 versions for Android and iOS. In this review, I tested the STARTRADER Mobile App for Android.

    General Ease of Use

    The MT4 mobile app is user-friendly, offering essential features like real-time charts, quotes, account balance details, an economic calendar, and news updates to help traders make well-informed decisions.

    While it doesn’t encompass all the functionalities of its desktop counterpart, it adequately serves traders who need to manage their portfolios on the move. The app’s intuitive design makes navigation a breeze, and if you encounter any hiccups, a wealth of online tutorials and videos are readily available for guidance.


    MT4 mobile app offers:

    • 30 technical indicators
    • 24 drawing tools
    • 9 timeframes
    • 3 chart types

    This selection of options is more than sufficient for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading.


    In an MT4 mobile app, you can set market orders, limit orders, and stop orders. Trailing stops are not available on mobile trading terminals.

    My Key Takeaways After Testing STARTRADER on MT4 Mobile App

    Drawing from my extensive use of the MT4 mobile app, I find that it efficiently serves its core purpose: enabling traders to manage their positions on the go. The design is streamlined, focusing on key functionalities. Considering the inherent limitations of mobile devices, like smaller screen sizes and the lack of a physical keyboard, it’s unrealistic to expect the app to match the comprehensive features of its desktop version.


    STARTRADER offers reimbursements of $20 and $30 per month for VPS services. The level of reimbursement depends on trading activity and the amount of money on the deposit. Check the details to learn more about the offering.

    Copy Trading Service

    STARTRADER offers a copy trading service, which is available for both signal providers and followers on the MT4 platform.

    Tradable Instruments

    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Based on my in-depth research, STARTRADER boasts a substantial array of tradable instruments spanning multiple asset classes, including forex, stocks, indices, commodities, and a notable abundance of cryptocurrencies.

    Indices at StarTrader
    Indices at STARTRADER

    What are CFDs?

    CFDs (Contracts for Differences) are financial instruments that allow traders to undertake asset trading without the need to own the underlying assets. The key advantage of CFDs is the access to improved leverage, which is typically not available to trading other instruments. Hence, CFDs are very popular in short-term trading.

    What Can You Trade with STARTRADER?

    • 46 forex pairs. The list includes major and exotic options.
    • 23 commodities. Traders have access to Gold, Silver, WTI Oil, Natural Gas, and other popular commodities.
    • 28 indices. The offering includes both cash indices and futures.
    • 70 stocks. STARTRADER offers popular stocks like Apple, Tesla, and Bank of America.
    • 43 cryptocurrencies. Bitcoin, Ethereum, Dogecoin, and other popular cryptocurrencies are available for trading.
    Forex Shares
    EUR/USD| GBP/JPY | USD/CAD Apple | Tesla | Bank of America
    Indices Commodities
    Dow Jones | DAX | Bovespa Gold| WTI Oil| Sugar
    Bitcoin | Ethereum | Cardano

    STARTRADER provides a well-rounded selection of tradable assets, covering forex pairs, commodities, indices, cryptocurrencies, and stocks. While their forex offerings align with industry standards, featuring most of the popular currency pairs, their stock selection is somewhat limited in comparison to the broader market.

    My Key Takeaways After Exploring STARTRADER Tradable Instruments

    After more than a week of exploring STARTRADER’s range of tradable instruments, I’ve found their offerings to be well-balanced overall. The platform particularly stands out in commodities, indices, and cryptocurrencies. While the forex pairs and stocks are more streamlined, focusing mainly on the most popular names, they are sufficient for meeting the demands of the majority of traders.

    Customer Support

    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    STARTRADER provides 24/5 customer support via email and live chat, exclusively using real human agents for personalized assistance, with notably swift response times. However, the absence of phone support slightly diminishes its score in this category.

    Customer support at StarTrader
    Customer support at STARTRADER

    Customer support is available in English, Spanish, Portuguese, Chinese, Malay, French, Japanese, Thai, and Arabic.

    STARTRADER Customer Support Test

    In my testing, I engaged with STARTRADER’s customer support via their online chat to inquire about key client concerns such as deposit and withdrawal options, account-based currencies, and minimum deposit requirements. I received prompt and informative responses, confirming the support team’s effectiveness in providing relevant information.

    Deposit and Withdrawal

    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    STARTRADER provides a high number of deposit and withdrawal options, including bank transfer, credit cards, e-wallets, and cryptocurrencies. Additionally, the broker offers several local options for both deposits and withdrawals, including Egypt, Brazil, and Malaysia.

    Deposits and withdrawals at StarTrader
    Deposits and withdrawals at STARTRADER

    STARTRADER Deposits

    Deposit Method Base Currencies Fees Processing Time
    Visa/Mastercard USD, EUR No Instant
    Wire Transfer USD, EUR No 3-5 working days
    SticPay USD No Instant
    Perfect Money USD No Instant
    Skrill USD, EUR No Instant
    Neteller USD, EUR No Instant
    Direct Pay EUR No Instant
    SolidPayment USD, EUR No Instant
    Croin plus MYR No Instant
    BetcatPay  BRL No Instant
    Myfatoorah EGP No Instant
    AirTM USD No Instant
    Crypto USDT, BTC No Instant

    STARTRADER clients can fund their accounts via credit cards, a range of e-wallets, bank transfer, and crypto. In addition to USD and EUR, the broker provides several local currencies.

    STARTRADER Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    Visa/Mastercard USD, EUR No Within 1 day
    Wire Transfer USD, EUR No 3-5 working days
    SticPay USD No Within 1 day
    Perfect Money USD No Within 1 day
    Skrill USD, EUR No Within 1 day
    Neteller USD, EUR No Within 1 day
    Direct Pay EUR No Within 1 day
    SolidPayment USD, EUR No Within 1 day
    Croin plus MYR No Within 1 day
    BetcatPay  BRL No Within 1 day
    Myfatoorah EGP No Within 1 day
    AirTM USD No Within 1 day
    Crypto USDT, BTC No Within 1 day

    STARTRADER provides a wide range of withdrawal options that are available in multiple currencies. As usual, the wire transfer is the slowest method and can take up to 5 days, while the users of e-wallets and crypto will enjoy prompt money transfers.

    Account Types and Terms

    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    STARTRADER provides two types of accounts: spread-based and commission-based accounts. Both account types use USD as their base currency. The broker offers a demo account to test its platform and offering but does not provide an Islamic Account option.

    Account registration at StarTrader
    Account registration at StarTrader

    Why is it Important to Choose the Right Account Type?

    Choose the account that best caters to your needs. The main features to consider when looking for the best-fit account are base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit requirement.

    What Account Types Does STARTRADER Offer?

    Feature Standard Account ECN Account
    Commission (excluding equities) No Yes
    Spread From 1.3 From 0.0
    Minimum Deposit $50 $50
    Leverage 1:500 1:500
    Islamic Account No No
    Demo Account  Yes Yes

    STARTRADER clients can choose between a spread-based account (Standard Account) and a commission-based account (ECN Account). In the spread-based account, the broker charges spreads and swap/rollover fees, but does not charge commissions. In the commissions-based account, the spreads are tighter, but traders also have to pay commissions.

    What is CFD leverage?

    CFD leverage enables traders to enter positions without fronting the entire value, requiring instead a deposit known as the margin while borrowing the remaining capital.

    Regulatory heavyweights like the FCA, CFTC, and ASIC enforce leverage limits as a safeguard to protect retail traders from excessive financial exposure. High leverage can significantly amplify both profits and losses, a reality often overlooked by novices. Conversely, offshore or unregulated brokers often dangle high leverage as a lure for traders seeking greater profit margins, but this comes with elevated risk and scant investor safeguards.

    In the case of STARTRADER, traders can benefit from a leverage ratio of up to 1:500. Given this level of leverage, traders should exercise prudent risk management strategies to mitigate potential losses.

    STARTRADER Account Opening Process

    To open an account with STARTRADER, follow these steps:

    • Step 1. Register – Sign up for a live trading account and complete the application.
    • Step 2. Verify ID – Depending on your country, verify your identity with your ID documents.
    • Step 3. Fund Your Account – After your application is approved, log in, make your first deposit, and start trading.

    What is a demo account?

    A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

    Please note that your trading experience will differ when you use a demo account compared to a real-money account due to psychological factors, as traders find themselves under pressure when real money is at stake.

    It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

    STARTRADER provides demo accounts, so traders have the opportunity to test the broker’s services without risking real money.


    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    STARTRADER delivers daily analysis of major trading instruments along with an economic calendar. However, when gauged against industry benchmarks, their research offerings are somewhat lacking in depth and scope.

    Research at StarTrader
    Research at STARTRADER

    STARTRADER provides market research primarily through the News section on its website, featuring weekly market updates and technical analyses on high-profile instruments. These analyses typically spotlight key resistance and support levels, serving as a basic guide for traders. The platform also includes an economic calendar, which is fairly standard for brokers in the industry.

    However, when benchmarked against the industry standard, STARTRADER’s research offerings come up short. While novice traders might find value in the outlined support and resistance levels, more seasoned traders will likely need to look beyond StarTrader for comprehensive research and insights.

    Key Takeaways After Testing Research Tools

    After tracking STARTRADER’s research articles over an extended period, I found them to be rather basic in their approach. Moreover, the research is confined to daily articles, falling short of meeting the more complex needs of seasoned traders.


    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    STARTRADER’s Knowledge Center is filled with educational videos and articles for traders, complemented by an adequate collection of webinars. However, the latest webinar dates back to June 2023, indicating a possible lack of recent educational updates.

    Knowledge Center at StarTrader
    Knowledge Center at STARTRADER

    STARTRADER’s Knowledge Center on its website offers an array of educational resources, spanning from beginner-friendly articles to more advanced topics like Fibonacci sequences and Pivot Points.

    The broker further complements its educational suite with a substantial library of webinars, available in multiple languages including Arabic, Chinese, English, and Spanish. However, it’s worth noting that the webinar section hasn’t seen any updates since June 2023, indicating a potential hiatus in fresh educational content.

    The Bottom Line

    STARTRADER operates under four distinct entities, including those regulated by ASIC and the FSA Seychelles, as well as two unregulated entities. All entities extend negative balance protection and ensure client funds are held in segregated accounts for added security.

    When it comes to asset diversity, STARTRADER offers a well-rounded portfolio that spans forex pairs, indices, stocks, commodities, and an impressive array of cryptocurrencies. The broker’s forex and stock selections are geared more toward mainstream instruments, while its offerings in indices and commodities cater well to experienced traders.

    Platform-wise, traders have the option to choose between the popular MetaTrader 4 and MetaTrader 5 platforms, in addition to a mobile app for trading on-the-go. My evaluation shows that the broker’s Standard Account features competitive fees, which adds value to its spread-based model. Further, STARTRADER offers a diverse set of deposit and withdrawal options, encompassing local payment methods and cryptocurrencies.

    Though STARTRADER’s educational resources are robust, its research support leaves something to be desired, particularly for seasoned traders. Overall, STARTRADER has crafted a well-balanced offering that features competitive spreads, a strong lineup of tradable instruments, and a beneficial VPS service.


    STARTRADER is based in Seychelles.
    STARTRADER’s entities provide negative balance protection and hold clients’ funds in segregated accounts. I assessed that the broker can be considered safe.
    STARTRADER charges spreads, commissions, and swap/rollover fees.
    STARTRADER has a low minimum deposit of $50, solid customer support, and a decent educational offering which make it a worth to consider option for beginners.
    Traders can use credit cards, bank transfers, e-wallets, and crypto to deposit money into a STARTRADER account.
    The minimum deposit is $50.
    Traders can use credit cards, bank transfers, e-wallets, and crypto to withdraw money from a STARTRADER account.
    Most withdrawal methods are processed within 1 day.
    The maximum leverage is 1:500.
    To open an account with STARTRADER, visit the broker’s website and click “Open a live account”.
    StarTrader offers MetaTrader 4, MetaTrader 5, and StarTrader app.
    Yes, STARTRADER offers a demo account.
    Yes, STARTRADER is suitable for scalping.
    Yes, STARTRADER is suitable for hedging.
    Yes, STARTRADER is suitable for auto-trading.
    No, STARTRADER is not suitable for spread betting.
    Yes, STARTRADER provides VPS.
    No, STARTRADER does not operate a bank.

    See STARTRADER Full Information

    Headquarters CountrySeychelles
    Foundation Year2013
    RegulationsFSA (Seychelles), ASIC (Australia)
    Publicly TradedNo
    Number Of Employees100
    Trading Desk TypeNo dealing desk, ECN
    Trading PlatformsMT5, MT4
    Restricted Countries
    Cuba, Eritrea, Malaysia, Liberia, Nicaragua, Iran, Afghanistan, United States, Somalia, Russian Federation, Syria, Israel, Libya, Pakistan, Sudan
    Supported Languages
    English, French, Portuguese, Thai, Arabic, Spanish, Chinese, Japanese, Malaysian
    Min Deposit$50
    Max Leverage1:500 (FSA), 1:30 (ASIC)
    Deposit OptionsPerfectMoney, Wire Transfer, Skrill, Neteller, E-wallets, Visa, Mastercard, SticPay, Cryptocurrencies
    Withdrawal OptionsWire Transfer, Neteller, Skrill, PerfectMoney, E-wallets, Visa, Mastercard, SticPay, Cryptocurrencies
    Time to Withdrawal2
    Time to Open an Account5
    Bitcoin, Ethereum, Cardano, Avalanche, Binance Coin, Bitcoin Cash, Dogecoin, EOS, Filecoin, IOTA, Chainlink, Litecoin, NEO, Metacoin, Nerves, PegasusDAO, Santiment Network Token, Uniswap, Stellar, Ripple, Tezos, Zcash, Shiba Inu
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartNo
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    Trading SignalsNo
    Platform Languages
    Italian, Chinese, Arabic, Hindi, Turkish, Thai, Korean, Vietnamese, Russian, German, Malaysian, Japanese, Polish, Indonesian
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryNo
    News (Top-Tier Sources)Yes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

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