Your capital is at risk.
StarTrader Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MetaTrader4
- MetaTrader5
- SVGFSA
- FSA
- ASIC
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MetaTrader4
- MetaTrader5
- SVGFSA
- FSA
- ASIC
Our Evaluation of StarTrader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
StarTrader is a broker with higher-than-average risk and the TU Overall Score of 3.37 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by StarTrader clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
StarTrader's trading platform provides quite favorable trading conditions. There are enough financial instruments to create well-diversified portfolios, and traders can use any methods and strategies. Slippage is minimal, and disruptions are rare. Top-tier liquidity providers ensure low spreads, and the company charges competitive fees on the ECN account. With leverage up to 1:500, there are extensive opportunities to make significant profits even with minimal starting capital.
Brief Look at StarTrader
StarTrader offers its clients over 200 CFDs on currency pairs, stocks, indices, metals, and commodities. Alongside a complimentary demo account, there are two trading accounts, STP and ECN, each requiring a minimum deposit of $50. The spread on the STP account is stated from 1.3 pips, and on ECN, from 0 pips. The broker also charges a fee of $7 per full lot on ECN accounts. Traders use MetaTrader 4 and 5 versions. The leverage is flexible, with a ceiling of 1:500 for most asset types. Various deposit and withdrawal channels are available, including Mastercard and Visa cards, bank transfers, electronic payment systems, and crypto wallets supporting USDT stablecoin. There are no broker fees for these transactions. Alternative earning options include copy trading, PAMM accounts, and a partnership program. Technical support operates on weekdays 24/5.
- Free 30-day demo account and a minimum deposit of just $50 in the user account guarantees a low entry threshold;
- Low spreads and trading fees enable profitable trading;
- Ultra-fast order execution with no trading restrictions;
- Trade sizes from 0.01 lots to 100 lots, free VPS with simple conditions;
- Extensive educational resources such as articles and videos in the Knowledge Center, seminars, and webinars;
- Dedicated technical support, quality information environment;
- The broker is regulated by SVGFSA, FSA, and ASIC, and registered in five countries.
- The broker offers only contracts for difference;
- Only an economic calendar is available; there are minimal analytical tools provided;
- Significant regional restrictions; cooperation with the broker is impossible for residents of Israel, Cuba, Iraq, Pakistan, Syria, and several other countries.
TU Expert Advice
Financial expert and analyst at Traders Union
The StarTrader broker has been operating officially and transparently since 2007. It has offices in Saint Vincent and the Grenadines, Hong Kong, Australia, Cyprus, and Seychelles. It is regulated by SVGFSA, FSA, and ASIC. A retrospective analysis has not revealed any confirmed instances of the platform failing to fulfill its obligations to its clients. User reviews are predominantly positive.
Some of the conditions provided by the company can be considered exemplary. The demo account is valid for 30 days, with $100,000 in virtual dollars available. Two live accounts require a minimum deposit of $50 to start trading. Traders execute trades with a spread starting from 1.3 pips on the STP account, while on ECN, the spread is raw, starting from 0 pips. The fee is noted as the average market rate. The size of trades ranges from 0.01 lots to a maximum of 100 lots. There are no restrictions on methods and strategies. A free VPS is available to most clients.
The platform offers over 200 CFDs across five types of assets: currency pairs, stocks, indices, metals, and commodities. Operations involving them are executed promptly, with minimal slippage. The leverage is flexible, allowing for a maximum of 1:500, or a minimum of 1:10 or 1:20. Trading platforms provided are MT4 and MT5. They have a vast number of pre-installed charts and indicators and can be additionally customized with free plugins if needed. Traders appreciate them for their convenience and intuitive interface.
Passive income options include PAMM accounts and copy trading. The services are implemented quite well, with all necessary settings available for both investors and signal providers. The partnership program is standard. The most common deposit/withdrawal methods include Mastercard and Visa cards, bank transfers, and electronic payment systems such as Perfect Money, Neteller, and Skrill. Additionally, cryptocurrency wallets supporting USDT are available. All transactions are processed without any broker fees. Technical support responds via email and chat on the website, and specialists can also be contacted through the ticketing system.
StarTrader's shortcomings cannot be considered critical. There are very few tools for analytics, and webinars and seminars have not been conducted recently. Clients from certain countries may not be able to join the platform.
Due to the significant prevalence of pros over cons, the broker is recommended for consideration.
StarTrader Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. StarTrader and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, STP, ECN |
| 💰 Account currency: | USD, EUR, AUD, CAD, GBP, NZD |
| 💵 Replenishment / Withdrawal: | MasterCard and Visa cards, bank transfers, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | Floating, from 0 pips |
| 🔧 Instruments: | CFDs on currency pairs, stocks, indices, metals, commodities |
| 💹 Margin Call / Stop Out: | N/A |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Low minimum deposit, extensive pool of various assets, moderate trading costs, full transparency of cooperation, all major funding and withdrawal options without broker fees |
| 🎁 Contests and bonuses: | Yes |
StarTrader has set the same minimum deposit for both types of accounts — clients are required to deposit at least $50. However, it's important to understand that for a trader to expect significant profits, the starting capital should be at least $1,000-2,000. The platform allows trading with leverage, with a maximum size of 1:500 for most assets and 1:20 for CFDs on stocks. Traders can choose any parameter within the available range or opt out of leverage altogether. As for technical support, communication is provided through three channels: email, chat, and tickets on the website. Support operates around the clock on weekdays.
StarTrader Key Parameters Evaluation
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Trading Account Opening
This section provides detailed information about all the stages leading up to cooperation with the broker, from registration to depositing funds into the account balance. Additionally, TU experts have outlined the main features of the user account.
Go to the broker's website. Select the language of the interface in the top right corner. Click the "Open a user account" button.
Provide your email address or phone number to receive a verification code, then create a password. If you have a promo code, insert it. Once confirmed through the chosen method, click “Register".
Upon immediate access to your user account, the initial step involves registering a user account, with a demo account automatically provided. Navigate to the corresponding section and click on "Create". Choose your trading platform (MT4 or MT5) and account type (STP or ECN). If you intend to become an investor in the PAMM service, specify this. Additionally, select the account currency, and create and confirm your trading password. Finally, click on “Next".
Answer a few questions about your main source of income, trading experience, and whether you are a resident of the USA.
Provide your first name, last name, gender, date of birth, and identification number. Verify this information by attaching a scan/photo of your passport or national ID document.
Go to the "Payment" section, then to the "Deposit" subsection. Deposit funds using a method convenient for you. Follow the instructions on the screen.
Navigate to the "Platform" section, where you can download the suitable version of the MT4 or MT5 trading platform. You can also join a PAMM account or start participating in the copy trading service.
User capabilities in the StarTrader user account:
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Dashboard. View real-time quotes of major trading assets available on the platform;
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Profile. Input and modify personal information, enable two-factor authentication (2FA);
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Account. Open and close user accounts, and view details about them. You can have up to two user accounts simultaneously, plus a demo account. This section also handles verification (confirmation of personal data);
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Payment. Deposit and withdraw profits, transfer between your accounts;
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Platform. Download the MetaTrader 4 or MetaTrader 5 trading platform (for PC, mobile device). Connect to PAMM and copy trading services;
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Web trader. Switch to the web version of the platform.
Regulation and safety
"Trust but verify" is a rule that every trader should follow. After all, the market is still full of fraudulent projects created with the sole purpose of luring in your money. The first step is to check the registration, which at the very least confirms the legitimacy of the platform's operation. Regulation is also important, indicating potential client protection and the company's commitment to fulfilling its stated obligations. StarTrader broker is officially registered, with offices in Saint Vincent and the Grenadines, Hong Kong, Australia, Cyprus, and Seychelles. Its regulators include ASIC, SVGFSA, and FSA.
Advantages
- The broker has been providing services for many years in over 100 countries
- Registration confirmed
- Authoritative regulators
Disadvantages
- Regulatory authority does not extend to all regions
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| STP | From $13, no fee | No |
| ECN | $7 commission per full lot | No |
For both withdrawals and deposits, the following methods are offered: credit or debit cards, bank transfers, and electronic and cryptocurrency wallets. The broker does not charge a fee, regardless of the channel chosen by the client. An important point is that there may be fees charged by a third party involved in the transaction. In particular, banks charge a fee for international transfers, usually $20.
The profitability or lack thereof of cooperation with the broker is determined after comparing the average trading costs that await the trader with those of the leaders in the field. That is why TU’s experts have provided the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$5 | |
|
$1 | |
|
$8.5 |
Account types
The first step is to choose a trading account. StarTrader offers two options. STP allows trading with spreads starting from 1.3 pips and without a fee. On ECN, where spreads come directly from top-tier liquidity providers, the spread is stated to start from 0. Additionally, ECN accounts incur a commission of $7 per lot. Other account parameters remain the same. The trader also needs to determine the leverage and trading platform. In the former case, it is simply a matter of choosing a comfortable leverage level and adjusting it according to current objectives. While MT4 and MT5 platforms share many similarities, differences in interface and functionality exist. If you lack experience with them, it's worth trying both before deciding which one suits you best.
Account Types:
A demo account is an excellent opportunity to explore the broker without risking real funds. Plus, it allows experimenting with strategies freely. Especially crucial for beginners, a demo account facilitates the practical application of theoretical knowledge without financial risks. Later, you can open a trading account based on your trading preferences.
Deposit and Withdrawal
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If a trader is trading on a demo account, they are using virtual money and therefore do not earn real profits;
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Upon switching to a trading account, the broker's client begins to enter into full-fledged transactions and earns profits in case of successful forecasting;
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To fully or partially withdraw profits, it is necessary to submit a request in the user account on the website. It is processed promptly;
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At the moment, bank transfers, Mastercard and Visa cards, and various electronic payment systems are available;
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You can also withdraw to a cryptocurrency wallet with USDT stablecoin support;
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The broker does not charge a fee for this type of transaction;
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When using most methods, funds are credited to the trader within a day. However, international bank transfers take 3-5 days.
Investment Options
Many brokers strive to offer their clients alternative ways of earning. They can become investors in copy trading services and joint accounts. Also, very often there is a partnership program where a trader invests their time, a very valuable resource. StarTrader aims to provide the maximum range of opportunities, which is why the platform offers everything listed above
Copy trading (auto trading)
What is the essence of copy trading? It's simple. An experienced player provides other users with the ability to automatically copy his trades. Naturally, not for free. Each successful trade earns the trader a fee from each investor. The investor, after choosing his preferred signal provider, earns passively. They also learn by viewing data on the professional's trading operations. The investor has the right to set some restrictions on the process, such as the maximum bet size and leverage. They can specify which types of assets' trades not to copy, etc.
PAMM accounts
Here, the manager creates a special account and invites investors to join it. The funds deposited by them come under partial control of the manager; they can trade the invested funds but cannot withdraw them. Profits from successful trades are distributed among all participants based on the amount of their stake. Losses are also shared by all parties. Like with copy trading, there is a manager's fee.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program
This program is designed for individuals and legal entities. To participate, apply to the appropriate section. After the application is approved, the partner will be provided with a referral link and multilingual marketing materials. Their task is to place them in various network sources and strive to attract attention to the project. Those who register and verify as traders through these links will start generating profits for the partner in the form of a percentage of the broker's fees on their trading operations. There is also a one-time payment option. The number of referrals is unlimited, and additional bonuses are provided for 10, 20, 50, and 100 referrals.
Customer support
Will I be able to deposit funds from a bank card issued in the USA? What is the current spread on CFDs for Intel stocks? Is withdrawal via Sticpay available in my country? Many traders' questions stem from their lack of attention or minimal expertise. Additionally, some aspects of cooperation are sometimes inadequately covered on the broker's website. No system is immune to failures, and users are not immune to non-trivial situations and problems when trading. StarTrader's technical support operates 24/5, responding to emails and chats on the website, and handling inquiries through the ticket system.
Advantages
- Several communication channels
- Responsiveness and expertise of specialists
- High efficiency on weekdays
Disadvantages
- Traders don’t receive a response on weekends and will have to wait until the next business day
Not only actual clients of the broker have the right to ask questions. Managers also advise unregistered users.
Here are the current ways to contact managers:
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Email;
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Tickets on the page;
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Live chat on the website and in the user account
StarTrader has official accounts on Facebook, X, LinkedIn, Instagram, YouTube, and TikTok. You can also submit requests to support specialists there. It is recommended to subscribe to the broker to stay updated on its latest news.
Contacts
| Registration address |
Room 710, 7/F, Lippo Sun Plaza, 28 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong Block B, Room 2, No.2, Global Village, Jivan’s Complex, Mont Fleuri, Mahé, Seychelles Suite 103, 25 Elkhorn Avenue, Surfers Paradise Qld 4217, Australia 62 Athalassas, Mezzanine, Strovolos, 2012, Nicosia, Cyprus |
|---|---|
| Regulation | SVGFSA, FSA, ASIC |
| Official site | https://www.startrader.com/ |
| Contacts |
Education
The presence of a solid theoretical foundation before starting trading is extremely important. Without it, there is no chance of achieving consistent success. Some brokers aim to assist clients by providing them with educational materials. These can range from extensive FAQs and trader glossaries to educational courses and webinars.
The educational section provided by StarTrader is quite substantial. Novice and intermediate traders will find plenty of useful information, while professionals can refresh or clarify certain aspects if needed.
Comparison of StarTrader with other Brokers
| StarTrader | RoboForex | Pocket Option | Exness | TeleTrade | XM Group | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MT5, MobileTrading, XM App |
| Min deposit | $50 | $10 | $5 | $10 | $1 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 0.6 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
Detailed review of StarTrader
StarTrader integrates cutting-edge technological tools and implements best global practices. The company employs virtual private server technology, enabling round-the-clock trading in automatic mode, ensuring superior stability, and lightning-fast order execution in milliseconds. The broker's liquidity providers include Bank of America, Barclays, Morgan Stanley, Deutsche Bank, and other leading financial conglomerates. Traders' data and funds are securely protected through the use of SSL protocols and authentication tokens. Segregated accounts, where client funds are stored separately from company funds, and protection against a negative balance are also available. Basic trading options are supplemented with alternative earning opportunities, with no significant failures or technical issues reported. A 24/5 multilingual support service is available for inquiries, consultations, and feedback, confirming the platform's client-centric approach.
StarTrader by the numbers:
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Over 200 financial instruments;
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0 pips – minimum spread (on ECN accounts);
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$7 per lot – trading fee;
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1:500 – maximum leverage;
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24/5 – multilingual technical support’s operating hours.
StarTrader is a sought-after CFD broker with comfortable trading conditions.
Currently, the company serves traders from 140 countries. They are attracted by the wide range of financial instruments, encompassing 5 groups and over 200 assets, enabling them to implement all proper trading strategies and methods. Moreover, they can create deeply diversified portfolios with a qualified and thoughtful approach. Flexible leverage and a trade size starting from 0.01 lots are also important conceptual advantages. When combined with the most popular and user-friendly trading platforms, StarTrader can confidently be declared a universal broker suitable for beginners, those gaining experience, and seasoned professionals with extensive trading experience.
Useful functions of StarTrader:
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Knowledge Center. A comprehensive library of articles and videos covering a wide range of topics, spanning from fundamental concepts to advanced techniques such as analyzing Fibonacci levels in trading;
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Copy trading and PAMM accounts. Among the top choices for passive income generation. Investors simply define their criteria and preferences, entrusting their investments to the trading proficiency of a skilled professional, be it a signal provider or an account manager;
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Economic calendar. A vital tool for fundamental analysis, displaying a schedule of critical political and economic events that could impact the price movements of specific assets.
Advantages:
The trader can start with a free demo account, then switch to a real account by making a very small deposit;
Spreads start from 0 pips, with the average ranging from 1.5 to 2.5 pips. The fee is the average market rate;
Flexible leverage up to 1:500, combined with no restrictions on strategies and methods, as well as the availability of VPS, provide users with complete freedom of action;
Transparent cooperation with the platform, with all trading costs known to the client in advance;
Basic channels for depositing and withdrawing funds are available, without any broker fees.
User Satisfaction