STARTRADER Review
STARTRADER in a nutshell
STARTRADER presents a low-risk profile based on our scoring, holding licenses from ASIC, FSCA, and FSA. However, the offshore FSA license and the inconsistency in founding year are points of caution. The high leverage offered may appeal to experienced traders but carries significant risk. Overall, it appears to be a functional broker, but traders should conduct their own due diligence.
FXCanary rates STARTRADER at 8/100 scam risk (Low risk), based on regulation & licensing, fund-safety signals, company transparency, complaint history and real user feedback.
See the open scoring breakdown →
Pros
- Traders seeking high leverage up to 1:1000
- Traders looking for a wide range of instruments including stocks and commodities
- Retail traders with low initial capital
Cons
- Traders who require top-tier regulation only
- Risk-averse traders uncomfortable with offshore regulation
Regulation & licenses
Every licence on file for STARTRADER, as cross-checked by FXCanary against public regulatory registries.
| Regulator | Type | Licence no. | Status | Country |
|---|---|---|---|---|
| ASIC | Market Making License (MM) | 421210 | Regulated | Australia |
| FSCA | Derivatives Trading License (EP) | 52464 | Regulated | South Africa |
| FSA | Derivatives Trading License (EP) | SD049 | Offshore Regulation | Seychelles |
Account types & conditions
Account tiers and trading conditions on record for STARTRADER.
| Account | Min. deposit | Max. leverage | Min. spread | Commission |
|---|---|---|---|---|
| STANDARD | 10-50USD | 1:1000 | from 1.0 | -- |
| ECN | 10-50USD | 1:1000 | from 0.0 | -- |
STARTRADER is a forex and CFD broker based in Australia, with records dating to 2020-05-15. It reports oversight from ASIC, FSA, FSCA.
FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.
On Trustpilot, STARTRADER holds a real-user score of 2.1/5 across 155 reviews.
Finally, beware of impersonation: we tracked 3 clone website(s) copying STARTRADER. Always reach the broker through its verified official domain, never via links in ads or messages.
Scam-risk findings
- Authorised by Tier-1 regulator(s): ASIC, FSA
Our scoring method is published in full and weighs regulation, fund safety, company age, clone reports, complaints and independent reviews. FXCanary takes no payment from any broker it rates.