STARTRADER	Basic Information
Registered Country/Region	Seychelles
Founded	10-15 years
Regulation	FCA, FSA (Offshore), FSCA (General registration)
Tradable Instruments	35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices
Account Types	Standard, ECN
Demo Accounts	Yes
Maximum Leverage	1:500
Spreads	From 0.1 pips
Trading Platforms	MT4, MT5, COPY TRADE, WEB TRADER
Trading Tools	VPS, Economic Calendar, News Room
Minimum Deposit	$50
Deposit & Withdrawal	Bank Wire Transfer, Visa/MasterCard, Sticpay, PerfectMoney, Skrill, Neteller, etc.
Educational Resources	Knowledge Center, Webinars
Customer Support	24/5 live chat, online messaging, email: INFO@STARTRADER.COM, social media

*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.

Overview of STARTRADER

STARTRADER is a forex broker that offers trading services for 200+ financial instruments, including forex currency pairs, commodities such as gold and oil, indices such as the S&P 500, and more.

The broker offers two different types of trading accounts, that is Standard and ECN accounts, each with its own unique features and benefits, a minimum deposit of $50 is required to start trading on the platform.

STARTRADER offers multiple trading platforms, including MT4, MT5, as well as COPY TRADE as well as WEB TRADER. These platforms include advanced charting tools, real-time quotes, and a range of technical analysis indicators to help traders make informed decisions. The platform also offers one-click trading, hedging capabilities, and the ability to set stop-loss and take-profit orders.

The broker offers leverage up to 1:500 and competitive spreads starting from 0.1 pips. STARTRADER also provides traders with educational resources, market analysis, and a customer support team that is available 24/5 to assist with any queries or issues.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Is STARTRADER Legit or a Scam？

STARTRADER has three entities under regulation:

Startrader Pro Limited is regulated by the Financial Conduct Authority (FCA) under regulatory license number: 600837.

STARTRADER Limited is offshore regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number SD049.

STARTRADER INTERNATIONAL PTY LTD is generally registered by the Financial Sector Conduct Authority (FSCA) under regulatory license number 52464.

These regulatory bodies typically require brokers to follow strict operational guidelines intended to protect traders.

Further adding to the broker's credibility is its employment of security measures like segregated client accounts, which refers to the practice of keeping client funds separate from the company's operating funds. It also guarantees negative balance protection, preventing clients from losing more than their account balance. The use of SSL encryption technology ensures secure data transfer.

All these factors suggest that STARTRADER is not a scam and can be considered a legit broker.

However, it's crucial for traders to be cautious and alert. This includes understanding the broker's terms and conditions and researching online reviews to gain a comprehensive understanding of other traders' experiences with the broker.

Pros & Cons

STARTRADER offers a wide range of tradable instruments, and generous leverage up to 1:500. The broker also provides multiple trading platforms with advanced charting tools and technical analysis indicators, as well as educational resources for traders.

However, there are some potential downsides, such as regional restrictions and limited account types offered.

Pros	Cons
Regulated by FCA	Regional restrictions
A good range of tradable instruments	Limited account types offered
Competitive spreads starting from 0.1 pips	Limited payment methods for deposits and withdrawals
Multiple trading platforms	No clear information on the minimum deposit for each accounts
Educational resources available	Limited research tools and market analysis
No commissions charged on trades	No 24/7 customer support
Demo account available for testing	No Islamic account
No deposit fees
Low minimum deposit ($50)
STP & ECN accounts to choose from
Negative balance protection provided

Market Intruments

STARTRADER offers 200+ market instruments for traders to choose from, providing ample opportunities for traders to invest and diversify their portfolios.

• Forex: STARTRADER offers over 35 currency pairs, including major, minor, and exotic currency pairs for forex trading, including EUR/USD, GBP/USD, USD/JPY, and AUD/CAD, among others.

• Metals: This typically includes trading in commodities like gold, silver, platinum, and palladium.

• Indices: They also provide more than 20 indices, tracking various segments of the financial markets, both globally and regionally.

• Shares: The broker also provides access to over 70 different stocks, allowing traders to take a position on a wide range of companies across various sectors.

• Commodities: STARTRADER offers more than 20 commodities, providing an opportunity for traders to engage in the trading of both soft (like wheat, cocoa, or coffee) and hard commodities (like gold, oil, or natural gas).

This mix of offerings gives traders ample choices for diversifying their portfolios and opportunities to take advantage of different market conditions. However, it's essential to fully understand each instrument's characteristics and risks and to develop a suitable strategy based on one's trading objectives and risk tolerance.

Account Types

Apart from demo accounts, STARTRADER offers two primary live account types, catering to traders with different levels of experience and trading strategies.

The Standard account is designed for traders who prefer fixed spreads, and is well-suited for beginners or traders who prefer a simpler trading experience. This account type offers spreads from 1.3 pips and leverage up to 1:500, with no minimum deposit disclosed. Additionally, traders can access a wide range of tradable instruments, including forex, commodities, indices, cryptocurrencies, and shares.

The ECN account, on the other hand, is tailored to more experienced traders who require a more sophisticated trading experience. This account type offers variable spreads and allows traders to access the interbank market, which can provide greater liquidity and potentially tighter spreads. Traders can also take advantage of the advanced trading platform provided by STARTRADER, which features advanced charting tools, technical analysis indicators, and more. The ECN account also offers competitive leverage up to 1:500, with no minimum deposit disclosed.

When choosing an account type, traders should carefully consider their trading objectives, risk tolerance, and overall experience in the markets.

How to Open an Account？

Opening an account with STARTRADER is a straightforward and easy process that can be completed in just a few simple steps.

Step 1: First, visit the STARTRADER website and click on the “REGISTER” button. You will be prompted to fill out a registration form, which requires you to provide some personal information, such as email address and password.

Step 2: Next, you will need to provide some additional information, such as your preferred account type (Standard or ECN), currency preference, and trading platform preference.

Step 3: After completing the registration form, you will be asked to verify your email address by clicking on a link sent to your email inbox. You will then need to provide proof of identity and address by uploading a copy of your government-issued ID and a recent utility bill or bank statement.

Step 4: Once your account is approved, you can fund your account and start trading immediately. STARTRADER supports a range of payment methods, including Bank Wire Transfer, Visa/MasterCard, Sticpay, PerfectMoney, Skrill, Neteller, and more.

Leverage

TARTRADER offers a maximum trading leverage of up to 1:500, depending on the account type and the instrument being traded. For Standard account holders, the maximum leverage available is 1:500, which is still relatively high compared to other brokers in the industry. For ECN account holders, the maximum leverage available is also 1:500.

While leverage can magnify potential profits, it can also increase the risks associated with trading. Traders should always use leverage responsibly and consider their risk tolerance and trading strategy before choosing a leverage level.

Spreads & Commissions (Trading Fees)

While STARTRADER does offer transparent trading fees, the exact commission charges for ECN accounts are different due to the instrument being traded and other factors such as account activity.

For Standard accounts, there are no commissions charged on trades made through the account. Instead, the broker makes money through the spread, which is the difference between the bid and ask price of a financial instrument. The spreads offered by this broker are 1.3 pips.

For ECN accounts, the spreads offered by the broker are typically lower, starting from as low as 0.1 pips. However, traders are charged a commission on each trade.

While the commission charges are not specifically outlined on the broker's website, STARTRADER does offer a transparent fee structure and provides traders with real-time information on the spreads and commissions applicable to their trades. Traders can also access detailed trading reports that provide a breakdown of their trading costs and fees.

Non-Trading Fees

In addition to trading fees, STARTRADER also charges non-trading fees, which traders should be aware of when considering trading with the broker.

One of the non-trading fees charged by STARTRADER is an inactivity fee. If an account remains inactive for a period of 90 days, a fee of $10 will be charged each month until the account becomes active again.

Another non-trading fee charged by the broker is a withdrawal fee. For each withdrawal made, STARTRADER charges a fee of 1% of the withdrawal amount, with a minimum fee of $30 and a maximum fee of $500.

STARTRADER also charges a fee for currency conversion. If a trader deposits funds in a currency other than the base currency of their account, the broker will convert the funds to the base currency at the current exchange rate and charge a fee of 2% of the converted amount.

Trading Platforms

STARTRADER caters to the diverse trading needs of its clients by offering them access to three distinct trading platforms: the widely popular and extensively-used MetaTrader 4 (MT4), its newer and more sophisticated version, MetaTrader 5 (MT5), and its proprietary WebTrader platform, which is a browser-based trading platform designed to provide traders with easy access to the financial markets from any device with an internet connection.

MT4 is renowned for its advanced technical analysis tools, algorithmic trading capabilities, and high-speed trade execution, making it a favored platform amongst traders of all experience levels. It offers traders an array of features, such as customizable charting, real-time quotes, and a vast selection of technical indicators.

MT5, on the other hand, is the latest version of the MetaTrader platform, offering even more advanced features and capabilities, including enhanced charting and analytical tools, multi-currency support, and a more extensive selection of timeframes. It is also designed to support additional types of assets such as stocks and futures, providing traders with greater market diversity.

STARTRADER's proprietary WebTrader platform, meanwhile, is a web-based trading platform that allows traders to access their trading accounts from anywhere in the world, providing them with the flexibility and convenience of trading on-the-go. It offers traders a wide range of tools, including real-time quotes, charting tools, and technical analysis indicators, while also providing a user-friendly interface that is easy to navigate.

STARTRADER also provides an App, allowing users to trade anytime and anywhere. It is available for iOS and Android platforms, making it convenient for global traders to use.

The following is a comparison table prepared, highlighting the trading platforms offered by STARTRADER, INFINOX, CPT Markets, and Eightcap:

Broker	Trading Platforms
STARTRADER	MT4, MT5, WebTrader
INFINOX	MT4, MT5, IXO Platform
CPT Markets	MT4, Sirix WebTrader, CPT Markets GO
Eightcap	MT4, MT5, WebTrader

Copy Trade

STARTRADER's offering of a copy trading feature is great for traders who prefer to capitalize on the expertise of successful traders. Copy trading allows traders to directly copy the positions opened and managed by another selected trader. Hence, when the copied trader makes a trade, the same trade is automatically executed in the copying trader's account.

This can be particularly beneficial for novice traders who are still learning the ropes or people who don't have the time to study and monitor the markets consistently. It provides a form of passive management and can be a way to learn and understand more about trading strategies in real-time.

However, it's crucial to remember that all trading involves risks and just because a trader was successful in the past does not guarantee they will be in the future. Always practice risk management and ensure to align copy trading actions with your risk tolerance and financial goals.

Trading Tools

STARTRADER offers a suite of impressive trading tools that contribute towards a comprehensive and efficient trading experience.

They provide a Virtual Private Server (VPS) service which allows traders to run automated algorithmic strategies continuously 24/7 on a virtual machine, facilitating more robust connectivity and faster order execution.

Their economic calendar is a vital tool for fundamental analysis, helping traders track important economic events that have the potential to impact financial markets. This can be beneficial for planning trades and managing risk.

In addition, their news room serves as a source for real-time market news, keeping traders updated about significant developments that can cause market volatility.

These three essential tools offered by STARTRADER reflect their commitment to providing their customers with resources that help to enhance their trading strategies and overall trading experience.

Deposit & Withdrawal

STARTRADER supports a variety of deposit and withdrawal methods for its clients, with a minimum deposit requirement of $50. The broker allows deposits via several methods, including Bank Wire Transfer, Visa/MasterCard, Sticpay, PerfectMoney, Skrill, Neteller, and more. There are zero deposit fees on most payment methods.

Deposits made via bank wire transfer can take 3-5 business days to clear, while deposits made via other methods are typically processed instantly. For withdrawals, clients can use the same methods as for deposits, with processing times varying depending on the chosen method.

To withdraw funds, you should log to “My account” with your username and password. Initiate the request to withdraw funds. Here are some important notifications you should notice when withdrawing funds:

Educational Resources

STARTRADER offers some educational resources designed to help traders improve their knowledge and skills in the Forex and CFD markets. These resources include webinars and a knowledge center.

The educational webinars are conducted by market experts who provide traders with insights and analysis on a range of topics, from technical analysis to risk management. The webinars are designed to help traders stay up to date with market developments and make informed trading decisions.

In addition to webinars, STARTRADER also provides traders with a knowledge center, which includes some educational materials such as e-books, videos, and tutorials. These materials are aimed at traders of all levels, from beginners to advanced traders, and cover a wide range of topics such as trading strategies, market analysis, and risk management.

Customer Service

STARTRADER offers 24/5 customer support through a variety of channels, including live chat, email: INFO@STARTRADER.COM and a contact form on their website, as well as social media platforms like Facebook, Instagram, Twitter, LinkedIn, YouTube, Tiktok and Telegram.

Frequently Asked Questions (FAQs)

Q 1:	Is STARTRADER regulated well？
A 1:	Yes. It is regulated by FCA.

Q 2:	At STARTRADER, are there any regional restrictions for traders？
A 2:	Yes. It is not available for Afghanistan, Cuba, Eritrea, Iraq, Islamic Republic of Iran, Israel, Liberia, Libya, Malaysia, Nicaragua, Pakistan, Russian Federation, Somalia, Syrian Arab Republic, Sudan, United States or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

Q 3:	Does STARTRADER offer demo accounts？
A 3:	Yes. It offers demo accounts for testing.

Q 4:	What is the maximum leverage offered by STARTRADER？
A 4:	The maximum leverage offered by STARTRADER is up to 1:500.

Q 5:	Does STARTRADER offer industry leading MT4 & MT5？
A 5:	Yes. STARTRADER offers MetaTrader4 (MT4), MetaTrader5 (MT5), and its proprietary WebTrader platform.

Q 6:	What is the minimum deposit for STARTRADER？
A 6:	$50.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

AM Markets Review Summary in 10 Points
Founded	2019
Registered Country/Region	Belarus
Regulation	NBRB
Market Instruments	Forex, Metals, Spot Energies, Index
Demo Account	N/A
Leverage	1:500
EUR/USD Spread	1.6 pips
Trading Platforms	MT4
Minimum deposit	$100
Customer Support	24/5 multilingual live chat

What is AM Markets？

AM Markets is an online broker offering forex and CFD trading on MT4 trading platform. AM Markets is a trading name operated by AM Markets Capital Limited, authorized and regulated by the National Bank of the Republic Belarus (NBRB), with Regulatory License No. 193583860.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

AM Markets offers a wide range of CFD instruments and account types on the leading MT4 platform. However, the unauthorized status of National Futures Association (NFA) license may raise some concerns for potential traders. Additionally, the limited information available about their trading conditions may be a drawback for some traders.

Pros	Cons
• Wide range of CFD products	• NFA license is unauthorized
• Multiple account types and demo accounts available	• Clients from Israel and the Islamic Republic of Iran are not accepted
• No commission	• Negative reviews complaining unable to withdraw
• MT4 platform for Windows and Mobile	• No specific info on trading conditions
• Multilingual customer support available 24/5

AM Markets Alternative Brokers

There are many alternative brokers to AM Markets depending on the specific needs and preferences of the trader. Some popular options include:

• FBS - offers a variety of account types and a user-friendly trading platform;

• HotForex - provides multiple trading instruments and excellent customer service;

• Swissquote - offers a comprehensive range of trading instruments and reliable trading platforms.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is AM Markets Safe or Scam？

AM Markets being regulated by the National Bank of the Republic of Belarus (NBRB) means that it follows certain rules and regulations put in place by the government. However, the fact that its National Futures Association (NFA) license is unauthorized and negative reviews from their clients complaining unable to withdraw raise some concerns. It is important to note that the NFA is a US-based regulatory body, and AM Markets is not a US-based broker. That being said, traders should do their due diligence and research the broker thoroughly before deciding whether to trade with them. It is always recommended to choose a regulated broker with a strong reputation to ensure the safety of funds and trading experience.

Market Instruments

AM Markets offers a diverse range of CFDs products, including popular foreign exchange currency pairs, such as EUR/USD, GBP/USD and USD/JPY, as well as futures, indices, precious metals, energy and equity CFDs products. This means that traders have access to a wide range of financial instruments to choose from and can diversify their trading portfolios with ease. With such a variety of products available, traders can take advantage of market opportunities in various sectors, depending on their trading strategies and preferences.

Accounts

AM Markets provides traders with a variety of account types to choose from, including STD, STP, and ECN accounts. Each account type has a minimum deposit requirement of $100, which makes it accessible to traders with different budget levels. The STD account type is suitable for traders who are new to trading and prefer fixed spreads. STP accounts are for traders who prefer variable spreads, and the ECN account type is for more experienced traders who require the best market execution and competitive spreads. Additionally, demo accounts are also available for traders to test the trading conditions and strategies without risking any real money.

Leverage

Leverage is available up to a maximum of 1:500 on forex trading. New traders should note that leveraged trading carries a high level of risk and may result in heavy losses.

Spreads & Commissions

AM Markets offers spreads on major pairs around 1.6 pips, which is in line with the industry standard. The broker does not charge any commission on trades, which means that clients can enjoy low trading costs. Traders can also benefit from the broker's low rollover rates, which can help them to reduce their trading costs further.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
AM Markets	1.6 pips	None
FBS	From 0.3 pips	$6 per lot
HotForex	From 0.1 pips	$6 per lot
Swissquote	From 0.1 pips	$7 per lot

Note: Spread and commission information may vary depending on the account type, market conditions, and trading instrument. The table above provides a general idea of the spreads and commissions offered by each broker on the EUR/USD currency pair.

Trading Platforms

In terms of trading platform available, AMarkets offers MT4 trading platform, available for Windows, Mobile. The platform is renowned for its stability, user-friendly interface, and advanced charting capabilities. Traders can also benefit from a wide range of customizable indicators and automated trading strategies. Additionally, MT4 allows for one-click trading and features a variety of order types, including market, limit, stop-loss, and take-profit orders.

Overall, AM Markets' MT4 platform offers a comprehensive trading experience for both novice and experienced traders alike. See the trading platform comparison table below:

Broker	Trading Platforms
AM Markets	MT4 for Windows and Mobile
FBS	MT4, MT5, FBS Trader
HotForex	MT4, MT5, HotForex WebTrader, HotForex App
Swissquote	Advanced Trader, MT4, MT5, Swissquote App

Deposits & Withdrawals

AM Markets offers traders three ways to inject capital into their account, including the following:

• The deposit terminal (online banking) will be received within 2 hours.

• Bank telegraphic transfer (accepting US dollar, Pound sterling, euro, etc.), 3-5 working days.

• Union Pay remittance, 2-3 working days to the account.

AM Markets minimum deposit vs other brokers

	AM Markets	Most other
Minimum Deposit	$100	$100

As for withdrawal, Withdrawals under $100 from an international bank will incur a bank fee of $5 or the equivalent. Under the anti-money laundering policy, withdrawals from accounts without any transactions are subject to an additional 2.5 per cent fee. Withdrawal processing time depends.

Customer Service

The AM Markets customer support can be reached 24/5 multilingual through online chat and email, as well as some social media platforms including Twitter, Facebook, Instagram, and Linkedin.

Pros	Cons
• 24/5 multilingual support through various channels	• No 24/7 customer support
• Quick response time through online chat and email	• No phone support

Note: The information in this table is based on the provided context and may not be exhaustive.

User Exposure on WikiFX

On our website, you can see that some users have reported that AM Markets is a fraud platform and they are unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

AM Markets is a forex and CFDs broker regulated by National Bank of the Republic of Belarus (NFA), offering a wide range of tradable assets and competitive spreads. The broker provides multiple account types, including the Standard, STP, and ECN account, with a minimum deposit of $100. AM Markets supports popular payment methods and provides customer support via various channels, including email and online chat.

However, the National Futures Association (NFA) license the broker holds is unauthorized, and there are some negative reviews from their clients saying that they have difficulty withdrawing money. Additionally, educational and research resources are not available on their website. Overall, traders should carefully consider the pros and cons of trading with AM Markets before opening an account.

Frequently Asked Questions (FAQs)

Q 1:	Is AM Markets regulated？
A 1:	Yes. It is regulated by National Bank of the Republic of Belarus (NBRB).

Q 2:	At AM Markets, are there any regional restrictions for traders？
A 2:	Yes. AM Markets cannot serve residents of specific countries / regions, such as the Israel and the Islamic Republic of Iran, as well as war-torn countries.

Q 4:	Does AM Markets offer the industry-standard MT4 & MT5？
A 4:	Yes.

Q 5:	What is the minimum deposit for AM Markets？
A 5:	The minimum initial deposit to open an account is $100.

Q 6:	Is AM Markets a good broker for beginners？
A 6:	No. It is not a good choice for beginners. Though it is regulated, it lacks transparency - info on trading conditions and more is not specified.