Do you want to trade with Startrader.com? Before you do that, read review to find out if Startrader is worth the cost.
About Startrader Broker
Startrader is an offshore brokerage company with a lot of offers for traders. This broker hides under the company called STARTRADER LLC. Also, it promises different accounting types such as Standard and ECN account.
More so, the broker presents a zero spread difference in Buy/Sell.
In spite the many trading instruments Startrader promises to offer, traders must know they are dealing with an unknown broker whose regulation claims are false.
This review is for you to know if the broker is worth using or not. Further, it will expose all that is needed to know about this trading platform.
See section below:
Withdrawal and Deposit
Startrader Withdrawal process:
Under withdrawal policy, Startrader takes 3 to 5 working days for withdrawals made by bank wire transfer. It claims no transaction charge, however, wire transfers can result in bank fees of around $20.
Minimum Deposit:
Startrader minimum deposit is not indicated.
The broker presents payment methods such as bank transfer, credit cards, cryptocurrencies and popular e-wallets. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Startrader Platform
Startrader offers web based trading platform which seems easy to use for beginners as well as MT4 (Industry standard trading platforms). The presence of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. However, the broker is already a red flag for traders.
More so, leverage can get up to 500. Well, steer clear from this broker as it is a way to make traders put good amount of money expecting to get big profit.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
More Reasons You Should Avoid Startrader.com Broker
Startrader.com is a platform with no financial authority overseeing its financial services. We believe this broker is not worth your money because Financial Services Authority SVG does not monitor or regulate brokers.
Regrettably, the broker is a clear scam whose presentation of SVG governance and regulation cannot be proved. We know SVG financial authority is not known for regulating forex brokers. This is a big warning for traders to avoid losing money with this broker.
Startrader Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
Here, Startrader.com claims to be a trusted broker is not genuine. From indications, we would advise users to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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