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STARTRADER Review
STARTRADER holds a genuine ASIC license in Australia, but Spain's securities regulator added it to its unauthorised firms warning list in 2023.
Min Deposit
N/A
Spreads From
0.0 pips (Prime ECN account)
Max Leverage
Not clearly published
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Holds a genuine tier one ASIC license through STARTRADER Prime Global
- Prime ECN accounts offer spreads near 0.0 pips with tier one liquidity
- Supports MetaTrader 4, MetaTrader 5, web trading, and copy trading tools
- Negative balance protection applies across Standard and ECN accounts
- Runs a live switch offer with cashback for traders moving from rivals
Cons
- Spain's CNMV added startrader.com to its unauthorised firms list in 2023
- Only the Australian entity holds a genuine tier one regulator license
- Reviewers report withdrawals held for review right after a profit
- The UAE entity can only introduce clients, not execute trades directly
- Standard account spreads start at a middling 1.3 pips on major pairs
- Minimum deposit and maximum leverage are not clearly published
STARTRADER is a CFD broker that says it started in 2011 and now runs through five licensed entities in Australia, the UAE, South Africa, Mauritius, and Seychelles. Only the Australian arm holds a real ASIC license. Spain's CNMV added startrader.com to its unauthorised firms list in 2023.
Traders open a Standard, ECN, or Prime ECN account on MetaTrader 4, MetaTrader 5, or STARTRADER's web and copy trading tools. Standard spreads start from 1.3 pips with no commission, while Prime ECN spreads fall near 0.0 pips for a fee. The broker lists over 1000 products with negative balance protection.
Independent reviewers describe a pattern seen at similar brokers, profitable withdrawals held for an account review before partial payout. STARTRADER spends heavily on sponsorships, including the NBA and a Porsche racing series. A live switch offer pays 1 percent cashback plus up to 200 dollars in trading rebates on deposits of 3,000 dollars or more.
Max Leverage
Not clearly published
Spreads From
0.0 pips (Prime ECN account)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
