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Swissquote , STARTRADER Broker Comparison

Do you want to know which is the better broker between Swissquote and STARTRADER ?

In the table below, you can compare the features of Swissquote , STARTRADER side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Swissquote
6.73
Regulated
Under guarantee
10-15 years
FCA,MFSA,FINMA,DFSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
professional ,standard,prime,premium
custom
volume based
--
--
0.00
--
--
--
STARTRADER
8.54
Regulated
Under guarantee
--
--
10-15 years
ASIC,FSA,FSCA
USDT,BTC,Wire transfer ,Wire transfer
AA
B
552.5
94
110
94
1891
1891
1703
AAA

EURUSD: -0.2

XAUUSD: -1.8

29
-5
29
C
25.6 USD/Lot
32.52 USD/Lot
AA

Long: -5.36

Short: 2.46

Long: -30.8

Short: 18.9

A
0.9
73
ECN ACCOUNT,STANDARD ACCOUNT
35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices
--
--
from 0.1
0.00
--
0.01
--

Swissquote 、 STARTRADER BrokersRelevant information

Swissquote BrokersRelevant exposure

Which broker is more reliable?

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 swissquote, 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:

Forex broker introduction

swissquote
Swissquote Basic Information
Founded in 1996
Headquarters Gland, Switzerland
Regulation FINMA, FCA, MFSA, SFC
Tradable Instruments Forex, Stocks, Options, Futures, CFDs, ETFs
Account Types Standard, Premium
Minimum Initial Deposit $1,000
Maximum Leverage 1:100
Commission Depends on the account type and instrument traded
Spreads Variable, starting from 0.6 pips
Trading Assets Currencies, Stocks, Bonds, Options, Futures, and Funds
Trading Platforms MetaTrader 4, MetaTrader 5
Customer Support Phone, Email, Live Chat
Educational Resources Webinars, Tutorials, Market Analysis, News
Additional Features Swiss DOTS (Structured Products), Robo-Advisory

Overview of Swissquote

Swissquote is a leading online forex and financial trading broker headquartered in Switzerland. It was established in 1996 and has since grown to become a popular choice among traders worldwide. The broker offers a wide range of financial instruments to trade, including forex, stocks, indices, commodities, bonds, and cryptocurrencies.

Swissquote offers several account types, including Standard, Premium, Prime, and Professional, to cater to different trader needs. The minimum deposit for a Standard account is $1,000, which is relatively high compared to some other brokers. However, the broker's range of account types and trading conditions may appeal to professional traders who require higher leverage and tighter spreads.

Swissquote provides its clients with access to several trading platforms, including MetaTrader 4 and 5, Advanced Trader, and their proprietary platform, Swissquote EDGE. The broker's platforms are user-friendly, feature-rich, and offer advanced trading tools and charting capabilities.

basic-info

Is Swissquote legit or a scam?

Yes, Swissquote is a legitimate broker with four entities under respective jurisdictions:

Swissquote Bank Ltd, which is based in Switzerland, is regulated by the Swiss Financial Market Supervisory Authority (FINMA).

regulation

Swissquote Ltd, which is based in the United Kingdom, is regulated by the Financial Conduct Authority (FCA).

regulation

Swissquote MEA Ltd, which is based in Dubai, is regulated by the Dubai Financial Services Authority (DFSA).

regulation

SWISSQUOTE FINANCIAL SERVICES (MALTA) LTD, is regulated by the Malta Financial Services Authority (MFSA).

regulation

These regulatory authorities ensure that Swissquote adheres to strict standards in terms of financial stability, transparency, and investor protection.

Pros & Cons

Swissquote is areputable and regulated broker, offering an array of financial instruments and account types for traders to choose from. As with any broker, there are advantages and disadvantages to consider. In the following table, we present a summary of the key pros and cons of trading with Swissquote. Swissquote undoubtedly offers a comprehensive range of trading instruments and state-of-the-art trading platforms that are designed to cater to the diverse trading needs of both novice and experienced traders. However, despite its many strengths, it falls short in terms of customer support, as it does not provide round-the-clock assistance, which can be a major drawback for traders who require immediate assistance during off-hours or in emergency situations. Whether you are a beginner or an experienced trader, this information can help you make an informed decision about whether Swissquote is the right broker for you.

Pros Cons
Regulated by reputable authorities including FINMA and FCA Relatively high trading fees compared to other brokers
Wide range of trading instruments including forex, stocks, ETFs, bonds, and cryptocurrencies Limited education and research resources
Competitive spreads and commissions Inactivity fee charged after 24 months of inactivity
Demo Account Available No 24/7 customer support
Various account types with different features to suit different trading needs High minimum deposit requirement
Availability of advanced trading platforms including MT4, MT5, and Advanced Trader Limited customer support options outside of business hours
Efficient and reliable customer support during business hours No US clients accepted

Market Instruments

Swissquote offers a wide range of market instruments for trading, including over 130 currency pairs, commodities, stock indices, shares, bonds, and cryptocurrencies. As a well-established Swiss broker, Swissquote is able to offer trading on several Swiss-specific instruments, such as the Swiss Market Index (SMI) and the Swissquote Group Holding Ltd. (SQN) stock, as well as access to other global exchanges such as the NYSE, NASDAQ, and LSE. With such a broad range of market instruments, traders of different experience levels can find suitable trading options that align with their trading strategies and investment goals.

products
products

Account Types

Swissquote offers a range of account types to cater to the varying needs and preferences of its clients. The primary account types available are the Premium Account, Prime Account, Elite Account and Professional Account. Each account type comes with distinct features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads. The Premium Account requires a minimum deposit of 1,000 CHF or equivalent, while the Prime Accounts require a higher minimum deposit of 5,000 CHF or equivalent. The Elite and Professional accounts ask for the highest minimum deposit of 10,0000 CHF or equivalent.

The Standard Account provides clients with access to a wide range of financial instruments, including forex, CFDs, stocks, options, futures, and bonds. The Premium Account, on the other hand, is designed for high-volume traders and offers lower spreads and commissions, as well as personalized service. The Prime Account is designed for institutional clients and provides them with a dedicated account manager, as well as access to exclusive liquidity and pricing.

Moreover, Swissquote also offers an Islamic Account, which is compliant with Sharia law and is available to clients who follow the Islamic faith.

account-types
account-types

Demo Trading

Swissquote offers a free demo account for clients to practice trading strategies and test out the broker's trading platforms without risking any real funds. The demo account provides users with virtual funds to trade on the same live markets as the actual trading accounts. The account comes with real-time pricing and charting tools, allowing traders to simulate trading conditions as closely as possible. This is an excellent opportunity for traders to get familiar with the broker's platforms and trading environment before committing any real money. Moreover, the demo account is ideal for both novice and experienced traders who want to try new trading strategies or test their current trading strategies without incurring any financial risk.

Overall, demo accounts are a valuable resource for any trader who wishes to sharpen their skills and become more proficient in their trading activities.

demo-trading

How to open an account with Swissquote?

  1. Visit the Swissquote website and click on the “Open your Account” button.

open-account
  1. Provide personal information, such as name, email, and phone number, along with a valid identification document, such as a passport or driver's license.

open-account
  1. After the account is created and verified, the next step is to select the desired account type and deposit funds, such as Premium, Prime or Elite accounts.

  2. Agree to the terms and conditions and submit your application.

  3. Swissquote offers several convenient deposit methods, including bank transfer, credit/debit card, and online payment services. Once the account is funded, traders can access the trading platforms, begin analyzing the markets, and placing trades on a variety of financial instruments.

Leverage

Swissquote offers variable leverage levels depending on the financial instrument and the account type. For forex trading, the maximum leverage available is typically 1:30 for retail clients and up to 1:100 for professional clients who meet certain criteria. For CFD trading on indices, commodities, and cryptocurrencies, the maximum leverage ranges from 1:10 to 1:5, depending on the underlying asset.

Always keep in mind that high leverage can significantly increase the potential gains, but it can also magnify the losses, so it's important to use it with caution and always keep in mind the risks involved.

Spreads & Commissions (Trading Fees)

Swissquote offers competitive spreads and commissions to its clients. The exact costs depend on the type of account and the trading instrument being traded. The Premium Account has variable spreads, with the EUR/USD spread starting from 1.3 pips, while the Prime Account offers spreads starting from 0.6 pips. The Elite Account offers spreads as low as 0.0 pips, but it requires a higher minimum deposit and trading volume. The professional accounts provide spreads from 0.0 pips too.

In terms of commissions, the Premium Account and Prime Account charge zero commission. The Elite Account and the Professional Account charge a commission of EUR2.5 per side per lot traded. Overall, Swissquote is often seen as competitive in terms of spreads and commissions when compared to other major brokers.

spreads-commission

Below is a comparison table illustrating the spreads of EUR/USD, UK100, Gold, and Silver offered by Swissquote and three other brokers - FXTM, XM, and Plus500:

Broker EUR/USD Spread UK100 Spread Gold Spread Silver Spread
Swissquote 1.3 1 0.25 0.03
FXTM 1.5 1.2 0.35 0.03
XM 1.6 1 0.35 0.03
Plus500 0.6 1 0.37 0.03
spread-commission
spread-commission
spread-commission

Non-Trading Fees

Non-trading fees are fees that Swissquote charges its clients for services that are not directly related to trading activities. Swissquote has a relatively low level of non-trading fees compared to other brokers. Swissquote does not charge deposit fees, but it charges withdrawal fees, which depend on the method used. Swissquote also charges an inactivity fee of CHF 50 per quarter if no trades have been made during the last six months. This fee is lower than the industry average, which is around $15 per month.

Besides, Swissquote also charges overnight swap fees, also known as rollover fees or financing fees, on positions that are held overnight. The amount of the fee depends on the currency pair, the size of the position, and the prevailing interest rates in the respective countries.

Trading Platform

Swissquote offers a range of trading platforms suitable for both beginner and advanced traders. Its flagship platform is the Advanced Trader, which is a user-friendly and customizable platform that provides access to multiple markets and a wide range of trading tools. Additionally, the broker offers the popular MetaTrader 4 and 5 platforms, which are favored by many traders for their advanced charting capabilities and expert advisor features.

Advanced Trader

Swissquote Advanced Trader is a proprietary trading platform developed by Swissquote. It is a fully customizable platform designed to cater to the needs of professional traders. The platform offers advanced charting tools, a variety of technical indicators, and the ability to create and backtest trading strategies using the integrated programming language. Swissquote Advanced Trader also offers real-time news and market analysis to keep traders up-to-date with market events. The platform is available for desktop, web, and mobile devices.

trading-platform

MetaTrader 4 (MT4)

Swissquote offers the popular MetaTrader 4 (MT4) trading platform to its clients, which is widely recognized in the industry for its reliability, speed, and advanced charting tools. MT4 is available for download on desktop, web, and mobile devices, allowing traders to access their accounts and manage their trades from anywhere at any time. Swissquote also offers a range of customized tools and indicators, allowing traders to personalize their trading experience on the platform. Additionally, Swissquote provides free access to Autochartist, a popular technical analysis tool that helps traders identify potential trading opportunities.

trading-platform
trading-platform

MetaTrader 5 (MT5)

Swissquote offers the MetaTrader 5 (MT5) platform to its clients, which is the successor to the popular MT4 platform. MT5 has several advanced features such as improved charting capabilities, additional order types, and an economic calendar. Clients can also use MT5's algorithmic trading capabilities through the use of Expert Advisors (EAs) to automate their trading strategies. Swissquote's MT5 platform is available for desktop, web, and mobile devices, making it easily accessible for traders on the go.

trading-platform

Here is a table comparing the trading platforms offered by Swissquote, IG, and IC Markets:

Trading Platform Swissquote IG Markets IC Markets
MetaTrader 4
MetaTrader 5
Advanced Trader × ×
WebTrader
Mobile App

Deposit & Withdrawals

Swissquote offers two primary deposit methods: wire transfer and debit card deposit. With wire transfer, clients can make deposits in various currencies, but the process may take longer, typically taking one to two business days to reflect on their account. On the other hand, debit card deposits are processed faster, typically within a few minutes, and they are available in CHF, EUR, GBP, EUR, AUD, JPY, PLN, CZK, HUF and USD.

deposit-withdrawal

Minimum Deposit

Swissquote, a prominent brokerage firm in the financial market, has set its minimum deposit threshold at a noteworthy sum of CHF 1,000 or its equivalent in other currencies, which may be considered relatively high compared to other brokers in the industry.

Below is a comparison table depicting the minimum deposit prerequisites of Swissquote, Exness, and IG:

Broker Minimum Deposit
Swissquote $1,000
Exness $1
IG $300

For withdrawals, Swissquote typically processes requests within one to two business days. Clients can withdraw funds using the same methods they used to deposit funds. However, it's important to note that some withdrawal methods may incur fees, so it's essential to check with the broker first before initiating a withdrawal request.

deposit-withdrawal

Customer Support

Swissquote offers customer support via various channels to ensure its clients receive timely and efficient assistance. Clients can reach Swissquote's customer support team via phone, email, and live chat, available during business hours. However, Swissquote's customer support is not available 24/7, which may be a disadvantage for clients who require immediate assistance outside of business hours. Nonetheless, the broker offers a comprehensive FAQ section on its website, which provides answers to some common questions, and clients can also seek assistance by submitting a ticket through the website. In addition, Swissquote offers support in several languages, including English, French, German, Italian, and Spanish, to cater to its global client base.

Educational Resources

Swissquote offers a plethora of educational resources to help traders of all levels enhance their knowledge and skills. The broker provides various learning materials, including webinars, seminars, online courses, and e-books. Additionally, Swissquote offers market analysis and news to keep clients informed about the latest developments in the financial markets. This valuable information can help traders make informed decisions when executing their trades.

educational-resources
educational-resources
educational-resources
Pros Cons
Comprehensive educational material on various topics No formal education program
Interactive webinars and seminars with industry experts Limited language options for educational material
Wide range of market analysis tools and resources No demo account for educational purposes
Access to Swissquote's research and analysis reports Some educational material requires a paid subscription
Free educational material for all account holders No personalized coaching or mentoring programs

Conclusion

In conclusion, Swissquote is a well-established and highly regulated forex broker offering a wide range of trading instruments, advanced trading platforms, and competitive trading conditions. The broker has earned a strong reputation for its commitment to security, transparency, and innovation, which has made it a preferred choice for traders looking for a reliable and trustworthy trading partner. While the broker's high minimum deposit requirement may be a challenge for some traders, its educational resources and excellent customer support help to offset this disadvantage.

FAQs

  • Q: Is Swissquote a regulated broker?

A: Yes, Swissquote is regulated by several financial authorities, including the Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA) in the UK

  • Q: What trading platforms are offered by Swissquote?

A: Swissquote offers several trading platforms, including the MetaTrader 4 and 5 platforms, the Advanced Trader platform, and a mobile trading app.

  • Q: What is the minimum deposit required to open an account with Swissquote?

A: The minimum deposit required to open an account with Swissquote is $1000.

  • Q: Does Swissquote offer a demo account?

A: Yes, Swissquote offers a free demo account with virtual funds for traders to practice trading strategies.

  • Q: How can I deposit and withdraw funds from my Swissquote account?

A: You can deposit and withdraw funds from your Swissquote account using wire transfer or debit card.

iv-markets
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.

STARTRADER's home page

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.

regulated by FCA

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

offshore regulated by FSA

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

general registered by FSCA

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.

protection measures

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).

Market Intruments

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.

Account Types

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.

click on the REGISTER button
fill in required info

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.

Leverage details
Leverage details

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.

Spreads

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.

MT4

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.

MT5

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.

STARTRADER App
WebTrader

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.

VPS

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.

economic calendar

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.

news room

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.

Deposit & Withdrawal

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:

Deposit & Withdrawal

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.

webinars

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.

knowledge center
knowledge center

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.

contact form

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.

Are the transaction costs and expenses of swissquote, iv-markets lower?

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 swissquote and iv-markets are, we first considered common fees for standard accounts. On swissquote, the average spread for the EUR/USD currency pair is -- pips, while on iv-markets the spread is from 0.1.

Which broker between swissquote, iv-markets is safer?

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.

swissquote is regulated by FCA,MFSA,FINMA,DFSA. iv-markets is regulated by ASIC,FSA,FSCA.

Which broker between swissquote, iv-markets provides better trading platform?

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.

swissquote provides trading platform including professional ,standard,prime,premium and trading variety including custom. iv-markets provides trading platform including ECN ACCOUNT,STANDARD ACCOUNT and trading variety including 35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices.

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