Star Trader Review

Category: Reviews | Author: Trading Brokers | Date: September 21, 2023

Startrader is a trading platform that offers a perfect blend of security, technology, and accessibility to trade across hundreds of instruments in five asset classes. The platform has recently become a member of the Financial Commission, which provides dispute resolution services to its clients, and eligible clients may receive a maximum compensation of up to 20,000 euros. In this article, we will take a closer look at Startrader and explore its features, trading options, and what makes it stand out from other trading platforms.

Pros & Cons

  • Wide range of tradable instruments
  • Generous leverage up to 1:500
  • Multiple deposit and withdrawal methods with zero deposit fees on most payment methods
  • Fast and accurate order execution through advanced technology and top-tier bank connections
  • Startrader is a Seychelles-based forex broker, which may raise concerns about regulation and safety
  • Variable spreads and commission charges on the ECN account may not be suitable for all traders
  • Charts still need improvement


StarTrader Review

StarTrader Review

Startrader is a forex brokerage firm, catering to traders across diverse financial markets including currencies, stocks, indices, precious metals, and commodities. The company prides itself on its cutting-edge technology and robust connections with top-tier banks, ensuring swift and precise order execution for its clients. Traders can access their services through two versatile platforms, MetaTrader 4 and Web Trader, which are compatible with both desktop and mobile devices.

Startrader offers two distinct account types, namely Standard and ECN, designed to accommodate various trading styles and preferences. Additionally, they provide a beginner-friendly demo account for practice and a swap-free account option for Islamic traders, prioritizing inclusivity. Startrader boasts a wide array of payment options, including bank transfers, credit/debit cards, and e-wallets, facilitating convenient and secure transactions. Their dedicated customer support team is available 24/5, offering assistance via phone, email, and live chat, ensuring that traders have access to help whenever they need it.

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Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


Startrader operates under the corporate umbrella of Startrader Ltd. This entity holds authorization and regulation from the Financial Services Authority of Seychelles (FSA), as evidenced by License No. SD049. It’s worth noting that the FSA is considered an offshore regulatory body, and its reputation for providing robust investor protection is relatively low.

Startrader also asserts the existence of another entity, Startrader Pro Limited, which falls under the oversight of the Financial Conduct Authority (FCA) in the United Kingdom. This is confirmed by License No. 600837. However, it’s important to highlight that Startrader Pro Limited appears to operate independently under a separate domain and may not have a direct connection to the main Startrader website. Consequently, it remains uncertain whether Startrader customers can fully benefit from the regulatory safeguards provided by the FCA.

Notably, Startrader’s website lacks explicit mention of any compensation schemes or the segregation of client funds, both of which are fundamental attributes of a dependable and trustworthy broker. This absence raises concerns regarding the level of protection and security offered to investors. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Star Trader recognizes this and provides a comprehensive suite of trading solutions, primarily anchored by the esteemed MetaTrader 4 (MT4) platform. Renowned for its reliability and user-friendliness, MT4 empowers traders with advanced technologies and enhanced security across various asset classes, including forex, indices, shares, metals, and commodities.

MT4 Platform

MT4 Platform

Within MT4, traders gain access to a multitude of features, such as over 50 preinstalled technical indicators, 24 analytical tools, various chart types and timeframes, one-click trading capabilities, trailing stops, and the ability to implement Expert Advisors (EAs) for algorithmic trading. Moreover, MT4 is versatile, enabling access from any device, offering trading signals from top providers, and providing fully customizable chart interfaces. Should you prefer a web-based option, Star Trader’s Web Trader is at your disposal, or you can seamlessly trade on the move via the MT4 Mobile app, compatible with both Android and iOS devices.

Additionally, Star Trader extends the Social Trade platform, a copy trading solution designed to facilitate interaction and learning within a community of traders. With Social Trade, you can not only observe and assess the performance of fellow traders but also opt to copy their trades, either manually or automatically, while customizing your risk parameters and stop-loss levels. This platform further fosters communication and knowledge-sharing among traders.

Star Trader also offers a Virtual Private Server (VPS) service, ensuring the uninterrupted operation of your Expert Advisors (EAs) and signals. This VPS service boasts high-speed performance, stability, low latency, and protection from power outages and internet disruptions, granting you 24/7 access and support.


StarTrader takes trader education seriously and offers a comprehensive Knowledge Centre on its website, providing a wealth of learning resources to empower traders of all levels. This extensive educational hub includes a diverse range of materials such as videos, flashcards, blogs, articles, webinars, and seminars.

For those starting their trading journey, the Knowledge Centre covers foundational topics, addressing questions like what spot trading entails, how share prices are determined, and the fundamentals of reading charts. These resources serve as an invaluable starting point for newcomers, ensuring they grasp the essentials of trading before diving in.

Furthermore, Startrader recognizes the importance of catering to more seasoned traders. As such, the Knowledge Centre delves into advanced subjects like intricate trading strategies, effective risk management techniques, and the nuances of technical analysis. These resources are designed to help traders refine their skills and develop a deeper understanding of the complexities of financial markets.

Ultimately, Startrader’s Knowledge Centre is meticulously crafted to guide traders on a journey from novice to expert. Whether you’re looking to build a strong foundation or enhance your existing trading knowledge, these educational materials serve as a valuable resource to help you navigate and excel in the world of trading.


StarTrader presents traders with a diverse array of markets, providing the flexibility to engage in Contracts for Difference (CFDs) across the following categories:

  • Forex: Traders have access to a broad spectrum of over 50 currency pairs, encompassing major, minor, and exotic options. Forex is renowned as the world’s largest and most liquid market, characterized by its high volatility and favorable spreads, making it an attractive choice for traders.
  • Shares: Star Trader facilitates CFD trading on over 100 shares representing prominent global corporations, including industry giants like Apple, Amazon, Facebook, and Tesla. Share prices are influenced by a myriad of factors, including company performance, earnings reports, news releases, and significant corporate events.
  • Indices: Traders can participate in CFD trading on more than 10 major stock market indices, such as the S&P 500, NASDAQ 100, FTSE 100, and DAX 30. These indices are sensitive to macroeconomic indicators, political developments, and overall market sentiment, offering traders exposure to broad market trends.
  • Metals: StarTrader offers CFDs on over 5 metals, including gold, silver, platinum, and palladium. Metal prices are influenced by factors such as supply and demand dynamics, inflation rates, interest rate movements, and geopolitical tensions, providing traders with diverse trading opportunities.
  • Commodities: Traders can explore CFD trading on over 10 commodities, including oil, natural gas, wheat, and coffee. Commodities are subject to a range of influences, including weather patterns, seasonal variations, production levels, and consumption trends, making them a dynamic market for traders.

In essence, Star Trader’s extensive market offerings cater to a wide spectrum of trading preferences and strategies. Whether traders seek to capitalize on the fast-paced forex market, invest in leading global companies’ shares, speculate on stock market indices, or trade in the commodities and metals markets, Star Trader offers a versatile platform for diversifying trading portfolios and pursuing financial goals.


Certainly, Star Trader provides traders with a choice between two distinct account types, each tailored to meet various trading preferences and financial capacities.

  • The STP (Straight Through Processing): account offers a simplified and transparent trading environment with a notable absence of dealing desk intervention. Traders opting for this account can benefit from competitive spreads, which initiate at 1.3 pips, although they may vary according to prevailing market conditions. It is important to note that the STP account entails a minimum deposit requirement of $50, which, in comparison to some other brokerage firms, may be relatively high. While it does not offer extensive market insights, the STP account compensates by providing dependable 24/5 customer support and daily market analysis
  • ECN (Electronic Communication Network): account is well-suited for traders who seek rapid order execution and access to institutional-level liquidity. Distinguished by its ultra-tight spreads commencing at 0.1 pips, subject to fluctuations based on market dynamics, the ECN account offers an attractive proposition for those seeking dynamic trading conditions. With a minimum deposit requirement of $50, the ECN account occupies a middle ground between the STP account and similar offerings from competing ECN brokers. It is a feature-rich account that equips traders with comprehensive market insights, facilitating in-depth analysis and decision-making. Similar to the STP account, the ECN account includes access to 24/5 customer support and daily market analysis.


Star Trader extends a diverse array of funding and withdrawal alternatives to accommodate the varying preferences of its clients. These options include:

  • Bank Wire Transfer: Clients can initiate fund transfers from their bank accounts to their trading accounts. It’s worth noting that this method typically takes three to five working days to process and may entail associated fees imposed by the client’s bank or intermediary banks.
  • Visa/Mastercard: Another expedient option is to utilize credit or debit cards to fund the trading account. This method offers swiftness and security, albeit potential fees from the card issuer or payment processor should be considered.
  • Online Wallet Options: Star Trader facilitates funding via renowned online payment services like Neteller, Skrill, Perfect Money, and more. Similar to card payments, this method ensures a rapid and secure transfer of funds, albeit with possible fees imposed by the service provider.

It’s important to note that Star Trader generally refrains from imposing fees on deposits and withdrawals across most countries. However, clients should be mindful of the potential passing on of fees incurred by the broker’s banking institution or third-party transaction guidelines. To enhance client convenience and security, Star Trader furnishes a secure client portal where users can seamlessly manage their funding and withdrawal requirements.


StarTrader offers a diverse range of trading opportunities encompassing forex, shares, indices, metals, and commodities, allowing traders to select from Standard and ECN accounts according to their trading preferences. Additionally, the platform provides valuable educational materials and market analysis resources on its website. However, it is essential to approach Startrader with caution, as there have been allegations questioning its legitimacy and regulatory status, despite its claim of being regulated by the Financial Services Authority of Seychelles with License No. SD049. To mitigate risks, thorough research and due diligence are strongly advised before engaging in any trading activities with this broker. While Startrader offers compelling features, traders may also want to explore alternative brokers with more established reputations and track records by referring to our trading brokers reviews. for a comprehensive selection

StarTrader Logo


Startrader is a broker that offers a wide range of trading instruments, including forex, shares, indices, metals, and commodities. It has two types of accounts: Standard and ECN, which have different trading conditions and features. Startrader also has a Knowledge Centre, where it provides various educational resources for traders of all levels. Startrader is a regulated broker that supports multiple payment methods and platforms.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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