StarTrader provides an STP/ECN platform with 1000+ trading instruments across five asset classes, including Forex, Commodities, Indices, Shares, and Metals. What are the conditions to trade these markets on StarTrader broker?
We’ll explore the payment methods, trading platforms, regulations, partnership program, registration, KYC procedure, customer support, and many more in this StarTrader review.
StarTrader; Company Introduction and Regulation
STARTRADER Limited is a global online trading platform registered in Seychelles with registration No. 8427362-1. The broker operates under the regulatory oversight of multiple financial authorities. Key features of StarTrader:
- Regulated by FSA (license No. SD049), ASIC (License No. 421210), FSCA (License No. 52464);
- Leverage up to 1:500;
- Tight spreads from 0.0 pips;
- 1000+ products.
StarTrader Specifications
StarTrader offers a comprehensive trading experience with many features and services. Let’s take a quick look at what the broker has to offer.
Broker | StarTrader |
Account Types | STP, ECN |
Regulating Authorities | FSA, FSCA, ASIC |
Based Currencies | AUD, CAD, EUR, GBP, USD, NZD |
Minimum Deposit | $50 |
Deposit Methods | Visa/Mastercard, E-Wallet, International Bank Wire Transfer |
Withdrawal Methods | Visa/Mastercard, E-Wallet, International Bank Wire Transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:500 |
Investment Options | Copy Trade services |
Trading Platforms & Apps | Proprietary Mobile App, MT4, MT5 |
Markets | Forex, Commodities, Indices, Shares, Metals |
Spread | From 0.0 pips |
Commission | Variable based on the account type and instrument |
Orders Execution | Market |
Margin Call / Stop Out | N/A |
Trading Features | Copy Trading, Knowledge Center, VPS, News Room, €20,000 compensation fund |
Affiliate Program | Yes |
Bonus & Promotions | Giveaways, 1% Switch Allowance, 20% bonus, 50%+20%, Affiliate Switch, VPS |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Phone, Ticket, Live Chat, Email |
Customer Support Hours | 24/6 |
StarTrader Account Types
The company offers two main account types for different trading styles and preferences: STP (Straight Through Processing) and ECN (Electronic Communication Network) accounts with the following key features.
Features | STP | ECN |
Base Currency | AUD, CAD, EUR, GBP, USD, NZD | |
Order Execution Type | Market | Market |
Min Order Volume | 0.01 lots | 0.01 lots |
Demo account | Yes | Yes |
Spreads | From 1.0 pips | From 0.0 pips |
Commission | None (except for Indices) | Yes |
StarTrader Account Opening and KYC Verification
Opening an account with StarTrader is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements.
- Visit the StarTrader website and click "Open Live Account";
- Fill out the registration form;
- Enter the OTC sent to your email;
- Fill in the “Personal Details form;
- Provide proof of identity (passport or driving license) and proof of address (utility bill or bank statement).
StarTrader Trading Platforms
We must discuss the available platforms in this StarTrader review. The broker offers 4 different platforms, from the proprietary mobile app to the robust MetaTrader 5.
MetaTrader 4 (MT4)
- Android;
- iOS;
- Desktop;
- Webtrader.
MetaTrader 5 (MT5)
Proprietary Application
StarTrader Fees Explained
Understanding the fee structure helps you to plan your trading journey more accurately and maximize your profits. While StarTrader charges commissions on ECN accounts and STP (only Indices), no specific information about the rates is available on the official website.
While spreads differ based on the account type, the asset class also plays a crucial role in the rates. Spread data on some of the most popular trading instruments on the StarTrader STP account:
Instrument | Spot Spread (Pips) |
EURUSD | 1.4 |
GBPUSD | 1.8 |
USDJPY | 1.8 |
USOUSD | 3.0 |
UKOUSD | 3.0 |
XAGUSD | 2.4 |
XAUUSD | 1.7 |
AAPL | 0.7 |
Amazon | 1.4 |
NAS100 | 7.0 |
SPX500 | 3.6 |
StarTrader Broker Payment Options
The company offers a wide range of payment options to cater to traders from different regions and with varying preferences, including:
- Credit/Debit Cards (Visa and MasterCard);
- International Bank Transfer (Wire);
- E-Wallets (SticPay, Perfect Money, and Wise).
StarTrader Copy Trading and Investment Plans
While the broker doesn’t offer any investment plans, it has a comprehensive copy trading service. Key features of the StarTrader copy trade:
- Available on Mt4/5 platforms;
- Suitable for investors and strategy providers;
- Adjustable performance fee rate;
- Additional income for money managers;
- No charges until a profit is made;
- Diverse strategy selection filtered by performance, risk level, and trading instruments.
StarTrader Broker Bonus and Promotions
The broker offers a variety of bonuses and promotions to attract new clients and reward existing ones, including:
- 1% Switch Allowance: A 1% bonus on the initial deposit for traders switching from other brokers;
- 50%+20%: A 50% deposit bonus + additional 20% on subsequent deposits;
- 20%: 20% extra funds on deposits above $250;
- Affiliate Switch: Up to $5,000 bonus for a $100,000 net deposit, plus additional percentages for higher amounts for affiliates transferring their clients to StarTrader;
- Giveaways: Gifts and reward giveaways, such as Amazon Vouchers, Apple world Travel Adaptor, and AirPods Pro, based on trading activity.
How to Reach StarTrader Support?
The company provides 24/6 support through various channels, including email, phone, ticket, and live chat.
info@startrader.com | |
Tel | +248 4325865 |
Live Chat | Available on the official website |
Ticket | Through the “Contact Us” page |
StarTrader Trust Score
User Satisfaction is one of the most important topics in this StarTrader review. The company’s trust score can be assessed through various independent review platforms.
4.1 out of 5.0 based on 285 reviews | |
Reviews.io | 1.4 out of 5.0 based on 8 ratings |
Conclusion and Final Words
StarTrader provides spot and futures trading with leverage up to 1:500 via its two account types: STP and ECN. The company utilizes the robust MetaTrader 4/5 platforms for fast executions.
StarTrader broker also offers copy trading features for money managers and investors. The ASIC-regulated broker requires clients to complete the KYC verification. Share your thoughts about the StarTrader review.
