About Goldstarway
Company Overview
Goldstarway is a retail forex and CFD broker established on 23 November 2020 and registered in the state of Wyoming, USA. The company operates through the domain goldstarway.com and presents itself as a software provider and affiliate of AtcForex Wintrader. It targets both novice and experienced traders by offering the ACT Trader platform and a range of trading instruments.
According to its website, Goldstarway has been in operation since 2004 under the Goldstarway project, despite its registration date being 2020. This inconsistency may reflect a rebranding or a change in corporate structure. The broker does not hold any known regulatory licences from major financial authorities, which places it in a higher-risk category for traders seeking oversight.
Trading Platform
Goldstarway exclusively offers the ACT Trader platform, which it claims is a sophisticated and secure software system for forex and CFD trading. The platform is accessible via desktop and mobile devices. The broker provides demo accounts for risk-free practice, as well as live accounts with two currency options: EUR and USD.
The recommended minimum deposit for a live ACT Trader account is 4,000 EUR or USD, which is significantly higher than the industry standard. Margin requirements are set at 5% for individual stocks and 1% or less for forex and other products, allowing for high leverage. A commission of 1 EUR/USD per round-turn lot is charged, though the broker markets zero commissions alongside industry-narrowest spreads.
Instrument Range
Goldstarway offers a broad selection of trading instruments, including forex pairs, CFDs on indices, commodities, and individual shares. The broker provides a complete asset list and contract specifications on its website, though actual spreads are not displayed without clicking through to additional documents. The broker claims to offer one of the largest product ranges in the industry, though verification is limited.
Trading is available in standard lots, with 1 lot representing 100 shares or units. The broker does not mention fractional shares or mini lots, which may limit accessibility for smaller traders.
Funding and Withdrawal
Clients can fund their live accounts via bank wire transfer or card payment. The minimum deposit for bank wire is set at 2,000 EUR or USD, and there is no upper limit. SEPA payments in EUR and foreign payments in USD are accepted. Any bank transaction fees are borne by the sender.
The broker states that clients' funds are held in segregated accounts, though without regulatory oversight, this claim cannot be independently verified. Withdrawal policies are not detailed on the pages reviewed, which is a common area of concern for unregulated brokers.
Target Audience
Goldstarway markets itself to both beginner and experienced traders, offering demo accounts for novices and high leverage for advanced traders. The bonus promotion of 50-100% is likely aimed at attracting new clients. However, the high minimum deposit of 4,000 EUR/USD may deter smaller retail traders.
The broker's website is available in English and Czech, indicating a focus on European clients despite its US registration. The lack of regulation and limited transparency suggest that Goldstarway is best suited for traders who are willing to accept higher risk in exchange for potentially high leverage and bonuses.
Overview compiled by FXCanary from regulatory records and public data. full Goldstarway review