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Popularity popular broker
Leverage 1:500
Minimum Deposit $200
Regulation ASIC, CySEC, BaFin
Payment Methods Credit Card, Bank Transfer, PayPal, Skrill
Trading Assets Forex, Commodities, Indices, Stocks, Cryptocurrencies
Spreads Low
Average cost: EUR/USD 0,7 pips
Demo Account
Islamic Account
Copy Trading
Scalping Yes
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10/month after 12 months of inactivity
Year Established 2010
Address 123 Trading St., Financial District, Sydney, Australia
Contact Information Email: [email protected], Phone: +61 2 1234 5678
Mobile Trading APP
Rating ★★★★☆ 4.1

Pros and Cons

  • Regulated by multiple top-tier authorities
  • Low spreads and no hidden fees
  • Comprehensive educational resources
  • Advanced trading platforms (MT4 and MT5)
  • Excellent customer support available 24/5
  • Limited product portfolio, no ETFs offered
  • ZuluTrade platform not supported
  • Inactivity fee after 12 months
  • Limited presence in emerging markets
  • Mobile app interface can be improved


In an ever-expanding world of online trading, choosing the right broker can be a pivotal decision for both novice and experienced traders.

Startrader, a well-established brokerage firm, has made significant inroads into the trading community, appealing to a broad spectrum of traders with its robust offerings and competitive features.

This comprehensive review aims to dissect various of its aspects, providing you with detailed insights to help you make an informed decision about whether this broker fits your trading needs.

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Company Overview

History and Background

Startrader was founded in 2010 with a mission to provide transparent and reliable brokerage services.

Based in Sydney, Australia, it has expanded its reach globally, offering services across Europe, Asia, and parts of North America.

The firm is known for its strong regulatory framework, being licensed by top-tier authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

Regulatory Compliance

As trust is paramount in trading, its compliance with multiple regulatory bodies ensures that it maintains high standards of financial security and operational integrity.

These are the key regulators for Startrader:

  • ASIC (Australia)
  • CySEC (Cyprus)
  • BaFin (Germany)

These regulations guarantee that the company adheres to strict guidelines that protect traders’ investments and provide a secure trading environment.

Trading Offerings

Instruments and Markets

Startrader offers a diverse range of trading instruments which cater to different traders’ interests:

  • Forex: A strong selection of major, minor, and exotic currency pairs.
  • Commodities: Includes metals like gold and silver, energy commodities such as oil, and soft commodities like cotton.
  • Indices: Broad access to global indices including the S&P 500, FTSE 100, and Nikkei 225.
  • Stocks: Shares from major companies across the US, Europe, and Asia.
  • Cryptocurrencies: Popular cryptocurrencies including Bitcoin, Ethereum, and Litecoin.

Account Types

Startrader offers several account types designed to accommodate different trading styles and capital outlays.

Here’s a closer look at each:

Standard Account

  • Minimum Deposit: $200
  • Spreads: From 1.2 pips
  • Leverage: Up to 1:500
  • Instruments: Forex, commodities, indices, stocks, cryptocurrencies
  • Platform: MetaTrader 4, MetaTrader 5
  • Features: Ideal for beginners, this account provides a balance between accessible entry points and competitive trading conditions.

Professional Account

  • Minimum Deposit: $10,000
  • Spreads: From 0.6 pips
  • Leverage: Up to 1:500
  • Instruments: Includes all offerings available in the Standard Account
  • Platform: MetaTrader 4, MetaTrader 5
  • Features: Tailored for experienced traders, offering lower spreads and higher leverage but requires a higher minimum balance.

Islamic Account

  • Minimum Deposit: $200
  • Spreads: From 1.2 pips
  • Leverage: Up to 1:500
  • Instruments: Same as Standard Account
  • Platform: MetaTrader 4, MetaTrader 5
  • Features: Swap-free account designed to comply with Sharia law, eliminating interest fees on overnight positions.

ECN Account

  • Minimum Deposit: $500
  • Spreads: From 0.0 pips
  • Commissions: $3.5 per lot
  • Leverage: Up to 1:500
  • Instruments: Forex, precious metals
  • Platform: MetaTrader 4, MetaTrader 5
  • Features: Offers direct access to the market’s liquidity providers with tighter spreads and transparency in pricing.

Each account type is tailored to different trading strategies, whether it’s for those looking for a low-entry barrier or professional traders seeking aggressive trading conditions.

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Comprehensive Analysis of Trading Platforms

Startrader offers two of the most acclaimed trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Each platform is designed to cater to various trading needs and preferences.

MetaTrader 4 (MT4)

  • User Interface: Known for its user-friendly interface that accommodates both beginners and experienced traders.
  • Charting Tools: Offers 30 built-in indicators, over 2000 free custom indicators, and 700 paid ones. It also supports 9 timeframes, from one minute to one month.
  • Expert Advisors (EA): Allows the use of automated trading robots.
  • Other Features: Supports multiple order types, provides a news feed directly into the platform, and includes a comprehensive alert system.

MetaTrader 5 (MT5)

  • Advanced Features: While maintaining the core functionalities of MT4, MT5 offers additional features such as more timeframes (21 compared to 9 in MT4), economic calendar integration, and improved charting and drawing tools.
  • Market Depth: Displays market depth data, which shows the volumes of bids and offers at different price levels.
  • Additional Instruments: Besides the instruments offered on MT4, MT5 also supports trading in stocks and futures.
  • Expert Advisors (EA): Enhanced scripting tools for writing more complex automated trading robots.
  • Speed and Performance: MT5 is designed to handle more data and provides faster processing, which is an advantage for high-frequency traders.

Both platforms are highly regarded for their stability, flexibility, and wide range of functionalities.

They are also available on mobile devices, providing traders with the flexibility to trade on-the-go.

Unique Selling Propositions

Mobile Trading

Startrader offers an intuitive mobile app available on both iOS and Android platforms.

This app allows traders to:

  • Monitor markets in real-time
  • Execute trades directly from their smartphone
  • Access account management features

Educational Resources

The broker places a high emphasis on trader education, featuring:

  • Comprehensive webinars
  • In-depth training videos
  • E-books and articles covering various trading topics

Customer Support

Customer support is available 24/5, with options including:

This ensures that users can get assistance whenever needed, crucial for peace of mind, especially in fast-moving markets.

Performance and Reliability

Execution Speed

Startrader prides itself on high-speed trade execution, minimizing delays and slippage which can significantly impact trading results, especially for day traders and scalpers.


The platforms provided by Startrader are highly stable, with minimal downtime reported, ensuring a reliable trading experience.

Fees and Costs

It maintains transparency with its fee structure, which is crucial for traders who need to manage their trading costs effectively.

Here’s a detailed breakdown:

  • Spreads: Start from as low as 1.2 pips for major forex pairs like EUR/USD.
  • Commission: None on standard accounts; low commission on ECN accounts.
  • Overnight fees: These are charged on positions held open past the New York close, rates vary by instrument.


Startrader stands out as a broker that offers robust regulatory safeguards, a wide range of trading instruments, and competitive trading conditions.

Its commitment to education and customer service enhances its attractiveness to new traders, while the advanced platform options and comprehensive market access satisfy the demands of experienced traders.

Whether you are starting your trading journey or looking to switch to a broker that aligns with your trading needs, Startrader presents a compelling option.

This review aimed to provide a thorough insight, helping you assess its suitability for your trading goals.

Remember, while choosing a broker, it’s crucial to consider your individual needs and preferences, ensuring that your choice helps you achieve your financial objectives in trading.

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User Reviews

“I’ve been using Startrader for about two years, and their service has been consistently reliable. Their trading platform is user-friendly, and their customer service is always helpful. The spreads are also some of the lowest I’ve encountered.”
James Anderson
“While the spreads are low and the platform is stable, I was disappointed to find out they don’t support ZuluTrade. It’s something I would have appreciated knowing beforehand.”
Samantha Taylor
“Their educational resources have been an enormous help in my trading journey. They provide a lot of valuable information that’s beneficial for both beginners and experienced traders alike.”
David Lee
“As a beginner, I found their demo account extremely useful. It allowed me to practice without risking real money. Furthermore, the customer support was very patient and answered all my queries.”
Emily Roberts
“I’ve been pleased with Startrader’s performance. The transaction process is smooth, and the withdrawals are quicker than other brokers I’ve used.”
Michael Chen

Video: Fastest Growing Broker

Frequently Asked Questions (FAQ)

What minimum deposit is required to open an account?

Startrader requires a minimum deposit of $200 to open a live trading account.

Is Startrader regulated?

Yes, the company is regulated by several top-tier authorities including ASIC, CySEC, and BaFin.

Does it offer a demo account?

Yes, Startrader offers a free demo account for beginners to practice their trading strategies without risking real money.

Can I trade cryptocurrencies?

Yes, they offer trading on several popular cryptocurrencies including Bitcoin, Ethereum, and Litecoin.

What platforms does Startrader offer for trading?

It provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading.

Are there any fees for deposits or withdrawals?

No, Startrader does not charge any fees for deposits or withdrawals. However, payment providers may have their own transaction fees.

What kind of support does it offer its clients?

Startrader offers 24/5 customer support via email, phone, and live chat to assist clients with any issues or queries they might have.


      Our experts

      This article has been written, edited and reviewed by the following members of our team:


      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.


      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.



      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.


      Last update: June 4, 2024