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Do you want to know which is the better broker between Plus500 and STARTRADER ?
In the table below, you can compare the features of Plus500 , STARTRADER side by side to determine the best fit for your needs.
EURUSD: -0.6
XAUUSD: 4.5
Long: -5.36
Short: 2.47
Long: -30.8
Short: 18.9
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of plus500, iv-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Plus500 Review Summary of 10 Points | |
Founded | 2008 |
Headquarters | Israel |
Regulation | FCA, CySEC, ASIC, FMA, MAS |
Market Instruments | forex, cryptocurrencies, stocks, indices, commodities, and options |
Demo Account | Available |
Leverage | 1:30 (forex), 1:20 (indices), 1:10 (commodities), 1:2 (cryptocurrencies), 1:5 (stocks) |
EUR/USD Spread | 0.5 pips |
Trading Platforms | own proprietary trading platform (desktop, web, and mobile) |
Minimum deposit | $/€/£100 |
Customer Support | 24/7 email, WhatsApp and live chat |
Plus500 is an online trading platform that offers Contracts for Difference (CFDs) on a range of financial instruments including stocks, forex, commodities, cryptocurrencies, options, and indices. The platform was founded in 2008 and is headquartered in Israel, with additional offices in the UK, Cyprus, Australia, and Singapore. Plus500 is authorized and regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. The platform is available in more than 50 countries and supports over 30 languages.
Plus500 is a CFD (Contracts for Difference) broker, which means that it offers trading on derivatives based on various financial assets without actually owning the underlying assets. Traders can speculate on the price movements of assets such as stocks, forex, commodities, cryptocurrencies, and indices without having to buy or sell the assets themselves. As a CFD broker, Plus500 allows traders to take both long and short positions, and offers leverage which can increase potential profits (and losses).
Plus500 is a good option for traders looking for a user-friendly platform to trade a wide range of markets and instruments, with competitive spreads and no commissions.
However, traders who require advanced charting tools, educational resources, and alternative trading platforms may need to consider other brokers.
Pros | Cons |
• Simple and easy-to-use trading platform | • Limited product offering |
• Commission-free trading | • Limited research and educational tools |
• Tight spreads | • No support for MetaTrader platform |
• Negative balance protection | • Limited customer support options |
• Regulated by reputable financial authorities | • No phone support |
• Free demo account | • Withdrawal fees for some payment methods |
• Limited trading tools and features |
Note that the information presented in the table is based on general observations and may vary depending on individual circumstances and preferences.
There are many alternative brokers to Plus500, and the best one for you will depend on your individual trading needs and preferences. Here are some popular alternatives to Plus500:
eToro: eToro is a social trading platform that allows you to copy the trades of other traders. It offers a wide range of trading instruments and has a user-friendly platform.
IG: IG is a well-established broker that offers a wide range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
XM: XM is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
Pepperstone: Pepperstone is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
IC Markets: IC Markets is a popular broker that offers competitive spreads and a range of trading instruments, including forex, stocks, and commodities. It also offers a range of educational resources and has a user-friendly platform.
It's important to do your own research and compare the features and fees of different brokers before making a decision.
Plus500 is considered legitimate as it is authorized and regulated by several top-tier financial authorities, including the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Plus500 is also publicly traded on the London Stock Exchange, which provides additional transparency and accountability. The broker has been in operation since 2008 and has a large and established customer base. However, it is worth noting that no broker is entirely risk-free, and traders should always do their own due diligence before depositing funds with any broker.
Plus500 takes several measures to ensure the safety and protection of its clients, and the fact that it is a regulated broker provides additional reassurance to clients. Here is a table outlining how Plus500 protects its clients:
Protection Measure | Detail |
Segregated Funds | Client funds are kept separate from company funds |
Negative Balance Protection | Clients can't lose more than their account balance |
Risk Management Tools | Stop loss, limit order and other tools to help manage risk |
Account Verification | Rigorous account verification process to prevent fraud and unauthorized access |
SSL Encryption | Secure Socket Layer (SSL) encryption used for all communication and data transfer |
Regulatory Oversight | Regulated by multiple reputable financial authorities |
Investor Compensation Fund | Eligible clients may receive compensation in the event of insolvency or bankruptcy |
Note: This table provides a brief overview of Plus500's client protection measures and is not exhaustive. Clients should always refer to Plus500's official website and legal documents for complete and up-to-date information.
Overall, Plus500 appears to be a reliable broker with a strong emphasis on client protection. The company is regulated by multiple reputable financial authorities, has a robust risk management system in place, and offers negative balance protection to clients. Plus500 also uses encryption technology to protect clients' personal and financial information.
However, it is important to note that no broker is completely risk-free, and clients should always carefully consider their investment goals and risk tolerance before trading with any broker.
Plus500 offers a wide range of trading instruments including:
Forex pairs - major, minor, and exotic currency pairs
Stocks - CFDs on stocks from various international markets
Indices - CFDs on major stock indices like S&P 500, Nasdaq, FTSE 100, and more
Commodities - CFDs on precious metals, energies, and agricultural products
Cryptocurrencies - CFDs on popular digital currencies like Bitcoin, Ethereum, Litecoin, and more
Plus500 offers two types of accounts: a live trading account and a demo account.
The live trading account requires a minimum deposit of $100 and provides access to real-time market prices and trading in over 2,000 instruments. Traders can use leverage of up to 1:30 for retail clients and up to 1:300 for professional clients. The live account offers various features such as stop loss, take profit, and guaranteed stop loss orders. There are no commissions charged on trades. Instead, the company earns money through the bid-ask spread.
The demo account is free and allows traders to practice trading using virtual funds with access to the same trading instruments as the live account. It is a great way for traders to learn how the platform works, practice trading strategies, and get familiar with trading instruments before investing real money. The demo account is available for unlimited time and can be used to test new trading strategies without the risk of losing real money.
Plus500 offers leverage for different financial instruments. The maximum leverage offered depends on the instrument and the jurisdiction where the trader is located. In general, the leverage for forex trading can be up to 1:30 for retail clients in the European Union, and up to 1:300 for professional clients.
For other instruments, such as stocks, commodities, and cryptocurrencies, the leverage can vary between 1:5 and 1:30 for retail clients, and up to 1:300 for professional clients.
It's important to note that higher leverage can amplify both profits and losses, and traders should use it with caution and proper risk management.
Plus500 offers floating spreads on all trading instruments, meaning the spreads can fluctuate based on market conditions. The spreads can start from as low as 0.5 pips for major currency pairs like EUR/USD. Plus500 does not charge any commission on trades, and their revenue comes solely from the spreads offered.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Plus500 | 0.5 pips | No |
eToro | 1.0 pips | No |
IG | 0.75 pips | Yes |
XM | 1.6 pips | No |
Pepperstone | 0.16 pips | Yes |
IC Markets | 0.1 pips | Yes |
Note that spreads and commissions are subject to change and can vary depending on the account type, trading platform, and other factors. Traders should always check the broker's website for the most up-to-date and accurate information.
The Plus500 trading platform is an in-house developed web-based platform that can be accessed directly from the Plus500 website. The platform is user-friendly and intuitive, making it easy for traders to navigate and trade various financial instruments. It is also available in several languages.
The Plus500 trading platform offers several advanced features, including price alerts, real-time charts, and technical analysis tools. The platform also includes a demo account that traders can use to practice trading without risking any real money.
Overall, the Plus500 trading platform is well-designed and functional, but it may lack some of the advanced features found in other trading platforms. See the trading platform comparison table below:
Broker | Trading Platforms |
Plus500 | Plus500 WebTrader, Plus500 Windows Trader, Plus500 mobile app |
eToro | eToro WebTrader, eToro mobile app |
IG | IG Trading Platform, IG mobile app |
XM | MetaTrader 4, MetaTrader 5, XM WebTrader, XM mobile app |
Pepperstone | MetaTrader 4, MetaTrader 5, cTrader, Pepperstone mobile app |
IC Markets | MetaTrader 4, MetaTrader 5, cTrader, IC Markets mobile app |
Plus500 offers several deposit and withdrawal methods, including:
Credit/debit card (Visa or Mastercard)
PayPal
Bank transfer
Electronic wallets (Skrill, Neteller)
It's worth noting that the availability of certain payment methods may vary depending on your location.
Plus500 does not charge deposit or withdrawal fees, but some payment providers may charge transaction fees, which should be checked with the provider directly. Plus500 also requires users to withdraw funds using the same payment method that was used for depositing funds, up to the deposited amount. Any excess profits can be withdrawn using any other payment method supported by Plus500.
The minimum deposit requirement for Plus500 varies depending on the jurisdiction and the account type. In general, the minimum deposit ranges from $100 to $1,000. For example, in the UK, the minimum deposit is £100. In Australia, it is AUD 100, and in the EU, it is €100. It is recommended to check the specific minimum deposit requirement for your country and account type on the Plus500 website.
Plus500 | Most other | |
Minimum Deposit | $/€/£100 | $/€/£100 |
To withdraw funds from Plus500, you need to follow these steps:
Step 1: Log in to your Plus500 account and click on the “Funds Management” tab.
Step 2: Click on “Withdrawal” and select your preferred withdrawal method.
Step 3: Enter the amount you wish to withdraw and any additional information required for the withdrawal method you have chosen.
Step 4: Click on “Submit” to initiate the withdrawal process.
It is worth noting that Plus500 may require additional documentation or information to verify your identity before processing your withdrawal request. The processing time for withdrawals may also vary depending on your chosen withdrawal method.
Plus500 charges overnight funding fees for holding positions overnight. There are no fees for deposits and withdrawals, and inactivity fees only apply after three months of inactivity.
The overnight funding fee is a cost incurred for holding positions overnight and can be a credit or debit to your account depending on the direction of the position and the prevailing interest rates. The funding rate varies based on the instrument traded.
It is important to note that Plus500 may also charge additional fees for certain actions like guaranteed stop-loss orders or currency conversions.
Overall, while the fees for Plus500 are relatively low, traders should be aware of the potential for higher overnight funding fees, as well as any additional fees that may apply for certain actions.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Plus500 | Free | $5-$10 | $10/month |
eToro | Free | $5 | $10/month |
IG | Free | Free | $18/month |
XM | Free | Free | $5/month |
Pepperstone | Free | Free | $0 |
IC Markets | Free | $3.5 | $0 |
Plus500 offers customer service through email, WhatsApp and live chat. The live chat is available 24/7, while email and WhatsApp support is available during business hours. Plus500 also provides an extensive FAQ section on their website, which covers many commonly asked questions about their services and trading platform.
You can also follow Plus500 on some social networks such as Facebook, Twitter and Instagram.
Overall, Plus500's customer service is considered to be adequate, with prompt responses and helpful support staff. However, some users have reported difficulty reaching support during busy times or experiencing long wait times for responses to their queries.
Pros | Cons |
• 24/7 customer support via live chat | • No phone support available |
• Multilingual support | • Sometimes response is not prompt |
• User-friendly help center and FAQ section |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Plus500's customer service.
Plus500 provides an educational section on their website, which includes video tutorials, a demo account, and a FAQ section. The educational resources cover topics such as trading basics, technical analysis, and risk management. However, the educational content is relatively limited compared to some other brokers and may not be sufficient for beginners looking to learn about trading.
Overall, Plus500 is a reputable and reliable online broker that offers a user-friendly trading platform, competitive spreads, and a wide range of trading instruments. It has a strong regulatory framework and offers various measures to protect its clients. Plus500 also provides excellent customer service with a 24/7 support team available via live chat.
However, Plus500 does have some drawbacks, such as limited educational resources, lack of a dedicated account manager, and a relatively high inactivity fee. Additionally, the broker's trading platform may not be suitable for advanced traders who require advanced charting tools and features.
In summary, Plus500 is an excellent option for beginner traders who are looking for a straightforward and easy-to-use trading platform with a low minimum deposit requirement. It is also a good choice for experienced traders who prioritize a strong regulatory framework and reliable customer service over advanced trading features.
Q 1: | Is Plus500 regulated? |
A 1: | Yes. Plus500 is regulated by FCA, CySEC, ASIC, FMA, and MAS. |
Q 2: | Does Plus500 offer demo accounts? |
A 2: | Yes. |
Q 3: | Does Plus500 offer industry-standard MT4 & MT5? |
A 3: | No. Instead, Plus500 offers its own proprietary trading platform (desktop, web, and mobile). |
Q 4: | What is the minimum deposit for Plus500? |
A 4: | The minimum initial deposit to open an account is $/€/£100. |
Q 5: | Is Plus500 a good broker for beginners? |
A 5: | Yes. Plus500 is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
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.
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.
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 conduct their due diligence. 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.
STARTRADER is a Seychelles-based forex broker that 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 |
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.
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.
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.
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.
While STARTRADER does offer transparent trading fees, the exact commission charges for ECN accounts may vary depending on 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.
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.
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.
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 |
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.
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.
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:
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.
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.
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. |
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.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive plus500 and iv-markets are, we first considered common fees for standard accounts. On plus500, the average spread for the EUR/USD currency pair is -- pips, while on iv-markets the spread is from 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
plus500 is regulated by ASIC,FSA,CYSEC,FCA,FMA,MAS. iv-markets is regulated by ASIC,FSA,FSCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
plus500 provides trading platform including -- and trading variety including --. iv-markets provides trading platform including ECN ACCOUNT,STANDARD ACCOUNT and trading variety including 35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices.