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5 Regulators incl. ASIC

ASIC FSC Mauritius FSA Seychelles Financial Commission

ECN Spreads from 0.0

Raw pricing $7/lot commission MT4 & MT5

$1M Lloyd’s Insurance

Financial Commission member NBA & Porsche partner

MT4 & MT5 Platforms

Standard & ECN accounts 6 asset classes fast execution

📊 STARTRADER at a Glance — Broker Profile & Stats

🏢 Who is STARTRADER?

STARTRADER logo
STARTRADER is a global forex & CFD broker offering MT4/MT5 trading across six asset classes, marketed under “5 Regulations”.
  • Regulation: ASIC (AFSL), FSC Mauritius, FSA Seychelles + more
  • Protection: Financial Commission member; $1M Lloyd’s insurance
  • Platforms: MetaTrader 4 & 5
  • Sponsorships: NBA & Porsche partner
Why it matters: Multi-regulation plus Financial Commission membership and insurance are real positives — but weigh them against weak consumer reviews (next card).

★ What Traders Say on Trustpilot

2.2 / 5  ·  147 reviews on Trustpilot.
  • 👎 “They will not let you withdraw!”
  • 👎 “The commission is horrible”
  • 👎 “Absolutely dreadful broker”
Honest take: Despite strong regulation, STARTRADER’s public Trustpilot sentiment is poor, with repeated withdrawal complaints. Test a small withdrawal before funding size.

🛡️ Regulation & Fund Protection

  • ASIC (Australia) — AFSL licensed entity
  • FSC Mauritius & FSA Seychelles
  • Financial Commission member — compensation fund up to €20,000 per claim
  • $1,000,000 Lloyd’s of London insurance cover
Why it matters: Few offshore brokers carry both Financial Commission membership and Lloyd’s insurance — a genuine differentiator.

💰 Accounts & Cost

  • Standard: spread-only, no commission
  • ECN: raw spreads from 0.0 + $7 per lot commission
Cheapest path: Active traders save on the ECN account (0.0 raw + $7/lot round-turn); casual traders prefer the commission-free Standard.

🖥️ Platforms: MT4 & MT5

  • MetaTrader 4 — FX/CFD standard, EAs supported
  • MetaTrader 5 — multi-asset, advanced analysis
  • Desktop, web & mobile
Why it matters: Full MetaTrader support means EAs and copy tools work without restriction.

📈 Markets

Six asset classes in one account:
  • Forex — majors, minors & crosses
  • Metals & Commodities
  • Energies & Indices
  • Shares (CFDs)

🔁 Top STARTRADER Alternatives

🥇 IC Markets

IC Markets — true ECN, raw 0.0 spreads, ~$3.5/side. Regulated by ASIC & CySEC. Deep liquidity for scalpers.

🥈 XM

XM — CySEC, ASIC, DFSA regulated, low minimum deposit, strong education and support.

🥉 Pepperstone

Pepperstone — Razor raw-spread account, MT4/5, cTrader & TradingView. FCA, ASIC, CySEC, DFSA.

⭐ Exness

Exness — instant withdrawals, very low spreads, high leverage. Multiple regulated and offshore entities.

💼 STARTRADER Account Types

Standard

  • Spreads: spread-only (from ~1.0 pip)
  • Commission: none
  • Platforms: MT4 & MT5
  • Best for: beginners & casual traders

ECN

  • Spreads: raw, from 0.0 pips
  • Commission: $7 per lot (round-turn)
  • Platforms: MT4 & MT5
  • Best for: active & high-volume traders
Why it matters: Raw 0.0 + $7/lot is competitive for scalpers — compare against IC Markets’ ~$7 round-turn.

Demo Account

  • Risk-free practice with virtual funds
  • Test MT4/MT5 & STARTRADER conditions
  • Best for: trying the broker before depositing

🛡️ Trust & Protection, Explained

Financial Commission member

STARTRADER is a member of The Financial Commission, an independent dispute-resolution body whose compensation fund covers eligible claims up to €20,000.

$1M Lloyd’s insurance

The broker advertises a $1,000,000 Lloyd’s of London insurance policy — extra cover beyond standard regulatory protection.

ASIC-licensed entity

An ASIC-regulated Australian entity (AFSL) sits within the group, alongside FSC Mauritius and FSA Seychelles licences.
Tip: Check which entity your account is opened under — protections differ between ASIC and offshore entities.

Sponsorships & awards

STARTRADER partners with the NBA and Porsche and has won industry awards — signs of marketing scale, though not a substitute for checking regulation and reviews.

💵 Commissions & Trading Costs

📊 Spreads & Leverage

  • ECN spreads: from 0.0 pips (raw)
  • Standard: spread-only, no commission
  • Leverage: ASIC accounts capped at 1:30; higher on global entities
  • Execution: fast, market execution
Why it matters: Verify the leverage cap for your specific account entity — it varies significantly by region.

💱 Commissions

  • ECN: $7 per lot (round-turn)
  • Standard: commission-free (cost in spread)
Note: Some reviews call the commission high — compare ECN total cost against IC Markets/Pepperstone before committing.

💸 Funding & Withdrawals

  • Multiple deposit/withdrawal methods
  • Financial Commission dispute route if issues arise
Heads-up: Withdrawal difficulty is the most common complaint in STARTRADER’s Trustpilot reviews — test a small withdrawal first and keep records.

🚫 Restricted Countries

🚫 Where STARTRADER May Not Accept Clients

STARTRADER does not publish a single global restricted-country list; eligibility depends on the entity you register under. Sanctioned and high-restriction jurisdictions are typically excluded:
🇺🇸 USA🇨🇺 Cuba🇮🇷 Iran🇰🇵 N.Korea🇸🇾 Syria🇸🇩 Sudan🇷🇺 Russia
Verify first: Confirm your country is accepted, and which entity you’re onboarded to, before depositing.

🎥 Video Guides & Reviews

🎥 Watch Before You Trade

▶Can You Trust This Broker?Costs, platforms & payouts — WR Trading▶Why Invest With STARTRADERAt Forex Expo 2025 — The Artificial Man▶Low Spreads or Hidden Costs?Cost breakdown — Earn It Up▶Scam Broker or Just Filthy?Critical review — Quant Trading Lab

Start Trader reviews

Pros and Cons of STARTRADER

✓ Pros

  • Multi-regulated incl. ASIC (AFSL)
  • Financial Commission member (up to €20K cover)
  • $1M Lloyd’s insurance policy
  • Raw 0.0 spreads on ECN
  • Full MT4 & MT5 support
  • Six asset classes
  • NBA & Porsche sponsorships

✗ Cons

  • Low Trustpilot (2.2/5) — withdrawal complaints
  • $7/lot ECN commission seen as high by some
  • Leverage/protection vary a lot by entity
  • MetaTrader only — no cTrader/TradingView
  • Newer, marketing-heavy brand

STARTRADER Pricing & Account Plans

STARTRADER keeps it simple with two live accounts plus a demo. The Standard account is commission-free; the ECN account offers raw spreads with a $7-per-lot round-turn commission.

AccountSpreadCommissionPlatforms
Standardfrom ~1.0NoneMT4/MT5
ECNfrom 0.0$7 / lotMT4/MT5
Open a STARTRADER Account →

STARTRADER vs IC Markets vs XM vs Exness

MetricSTARTRADERIC MarketsXMExness
Min spread0.00.00.60.0
ECN commission$7/lot~$7/lot$0~$7/lot
PlatformsMT4/5MT4/5·cTraderMT4/5MT4/5
Trustpilot2.24.74.33.9

Figures/ratings change — verify on each broker’s site before opening.

STARTRADER Review 2026: Is It Worth It?

STARTRADER review 2026 — short answer: on paper it’s well-equipped — ASIC plus offshore licences, Financial Commission membership, a $1M Lloyd’s policy, raw 0.0 ECN spreads and full MT4/MT5. The concern is its weak public Trustpilot score (2.2/5) with recurring withdrawal complaints.

Who it’s best for

  • MT4/MT5 traders wanting raw ECN spreads
  • Traders who value Financial Commission + insurance cover
  • Active/high-volume traders (ECN account)

Who should be cautious

  • Anyone who weights Trustpilot sentiment heavily
  • Traders who want cTrader/TradingView
  • Those needing tier-1-only regulatory protection

Final word: The regulation and protections are real positives, but the withdrawal complaints are a genuine flag. Start small, confirm your account entity, and test a withdrawal before scaling up.

Why Choose STARTRADER as Your Trading Broker?

★ Trustpilot 2.2 · 147 reviews
ASIC-regulated · ECN spreads from 0.0
Visit STARTRADER →
Multi-regulated forex & CFD broker
ASIC · Financial Commission · $1M Lloyd’s
ECN spreads from 0.0 · MT4/MT5
VERIFY YOUR ACCOUNT ENTITY FIRST
Visit STARTRADER →
ASIC · FSC Mauritius · FSA Seychelles · Financial Commission
ECN spreads from 0.0 · MT4 & MT5 · $1M Lloyd’s insurance
Visit STARTRADER →

STARTRADER is a multi-regulated forex and CFD broker offering MT4 and MT5 across six asset classes. Its group holds an ASIC (AFSL) licence alongside FSC Mauritius and FSA Seychelles, and it adds Financial Commission membership and a $1,000,000 Lloyd’s insurance policy on top of standard regulatory cover.

What stands out

  • Layered protection. ASIC + Financial Commission + Lloyd’s insurance.
  • Raw pricing. ECN spreads from 0.0 with a $7/lot round-turn.
  • Full MetaTrader. MT4 and MT5 with EA support.
  • Brand scale. NBA and Porsche sponsorships.

What to watch out for

STARTRADER’s public Trustpilot rating is a low 2.2/5, with repeated complaints about withdrawals and commission. Protections and leverage also vary by the entity you sign up under. Strong paperwork doesn’t guarantee a smooth withdrawal — start small, confirm your entity, and test a payout early.

Frequently Asked Questions

STARTRADER is a multi-regulated broker whose group holds an ASIC (AFSL) licence plus FSC Mauritius and FSA Seychelles, and it is a Financial Commission member with a $1M Lloyd’s insurance policy. However, its public Trustpilot score is a low 2.2/5 with withdrawal complaints, so trade cautiously and test withdrawals early.
Yes. The group is regulated by ASIC in Australia (AFSL) and holds offshore licences with the FSC of Mauritius and FSA of Seychelles. Protections differ depending on which entity your account is opened under.
The ECN account charges $7 per lot (round-turn) on raw spreads from 0.0 pips. The Standard account is commission-free with costs built into a wider spread.
STARTRADER supports MetaTrader 4 and MetaTrader 5 on desktop, web and mobile. It does not offer cTrader or TradingView.
Leverage depends on your account entity — ASIC-regulated accounts are capped at 1:30, while offshore entities offer higher leverage. Confirm the cap for your specific account before trading.
STARTRADER is a member of The Financial Commission, whose compensation fund covers eligible claims up to €20,000, and it advertises a $1,000,000 Lloyd’s of London insurance policy.
Its Trustpilot score is around 2.2/5, driven mainly by complaints about withdrawal difficulties and commission costs. Read recent reviews and test a small withdrawal before depositing larger amounts.
STARTRADER offers six asset classes: forex, metals, commodities, energies, indices and share CFDs, all via MT4/MT5.
Withdrawals are made via the broker’s supported payment methods. Because withdrawal complaints are common in reviews, keep records and, if you have an unresolved issue, you can raise a dispute through The Financial Commission.
Well-rated regulated alternatives include IC Markets (ASIC/CySEC), XM (CySEC/ASIC/DFSA), Pepperstone (FCA/ASIC) and Exness. Always confirm the licence on the regulator’s own website.
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