Startrader

Startrader Review: Is Startrader a Good Broker?

Broker overview and general information 

Startrader was founded in 2018 in the UK and was formerly known as IV Markets. It is a CFDs broker that has gained popularity among traders with its tight spreads, swap-free trading, auditable certifications and attractive promotions. The company is actively marketing in Thailand and Asia and is regulated by several authorities.

Licenses that the broker has obtained

If you ask whether Startrader is good or not, you have to start by considering the license factor first, which has the following licenses:

• Australian Securities and Investments Commission (ASIC) License No. 421210 under Startrader Prime Global Pty ltd.

• Financial Services Authority (FSA Seychelles) License No. SD049 under STARTRADER Limited.

• Financial Sector Conduct Authority (FSCA) License No. 52464 under STARTRADER INTERNATIONAL PTY LTD.

Products and services from brokers

Trading products

• Forex

• Commodities

• index

• share

• Precious metals

Trading Platform

MT4

• MetaTrader 4 (MT4): A widely popular platform among Forex traders due to its wide range of technical analysis tools and support for Expert Advisors (EAs) for automated trading.

MT5

• MetaTrader 5 (MT5): Enhanced from MT4 with additional functionality. Able to trade stocks, commodities, and indices in addition to Forex. Suitable for traders who want advanced analytical tools and trading flexibility.

COPY TRADE

• Copy Trade: Allows investors to copy trades from professional traders, allowing inexperienced investors to learn and profit from trading.

WEB TRADER

• Web Trader: A web-based trading platform that does not require installation and can be accessed from anywhere in the world, as long as you have an internet connection.

APP

• App: Mobile trading application, providing convenient access to your account and financial markets wherever you are. Supports both iOS and Android.

Startrader Account Types

The broker offers two types of trading accounts to suit each trader’s needs and trading style:

STANDARD ACCOUNT

• Starting spread: 1.0 pips

• Key features:

  • Fast action

  • Trade directly with the market for transparency

  • Transparent trading environment

  • Prevent negative accounts

  • No commission

• Ideal for: Traders who want low spreads without paying commissions and fast execution.

ECN Account

• Starting spread: 0.0 pips

• Key features:

  • Super fast execution

  • Access deep markets

  • Transparent trading environment

  • Prevent negative accounts

  • Commission $7 per lot

• Ideal for: Professional traders who want the lowest spreads and deep market access for more efficient and transparent trading.

Deposit and Withdrawal

Supported deposit and withdrawal channels

• Bank wire transfer

• Visa/Mastercard

• STICKPAY

• PM

• WISE

• WIRE Transfer

Withdrawal conditions

• Withdrawal requests after 21:00 (GMT) will be processed the next day. Withdrawal requests before 07:30 (GMT) will be processed the same day.

• Funds will be transferred only to the bank account in the same name as the trading account.

• The international transfer fee is approximately $20.

• Withdrawals may take 3-5 days or more.

Office location and contact channels

Head office location

• Flat/RM A, 12/F, ZJ 300, 300 Lockhart Road, Wanchai, Hong Kong.

Contact channels:

• Live Chat

• Email:[email protected]

• For payment collaboration:[email protected]

• Website:https://www.startrader.com/th

Broker Overview Summary

As a rebranded broker from IV Markets and managed by a professional team, it offers traders a wide range of trading platforms (MT4, MT5, Copy Trade, Web Trader, and App) and trading products (Forex, Commodities, Indices, Share CFDs, and Metals) that are comprehensive and meet the needs of traders.

However, there are some downsides to consider, such as limited customer service, potentially long withdrawal times, and an incomplete Thai language website. Additionally, as a new broker in the Thai market, it may take time to build trust and a user base.

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Startrader Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.