Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ForexStart Pros & Cons
- low minimum deposit of $0.1;
- simple and quick registration system as opening an account takes only two minutes;
- permission to use automated trading software.
- difficulties in withdrawing funds;
- access to only 2 trading platforms;
- periodic lags of the trading platform;
- there are limited options for contacting technical support.
- company’s activities are not supervised by regulatory bodies;
- long waits for a response from tech support;
- the trading platform’s frequent bugs and lags make scalping nearly impossible.
ForexStart was a once-popular Forex broker established in 2007, offering traders access to the currency markets. However, over time, numerous clients began reporting issues with withdrawals, price manipulation, and other questionable practices.
Concerns escalated significantly in 2019, with a surge in complaints and allegations of fraudulent activity. Ultimately, the broker ceased operations, leaving many clients unable to retrieve their funds. The precise reasons and circumstances surrounding ForexStart’s closure remain shrouded in mystery.
Throughout its existence, many traders criticized the company’s lack of transparency and the absence of robust safeguards for their investments. These concerns are reflected in numerous online reviews where former clients share their negative experiences.
TU Expert Verdict
ForexStart carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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ForexStart User Reviews
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5-star
0%
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4-star
14%
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3-star
29%
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2-star
29%
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1-star
29%
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.3 /10To begin working with ForexStart, a trader must first create a user cabinet on the broker’s website. After registering, a trader can deposit funds into his real account or switch to a demo account. The registration process takes about 2 minutes and requires no additional verification or identification from the client.
Account types:
Account Type Description Real account The minimum deposit for a real account is $0.1, which can be increased at the trader’s discretion. The client can use this type of account to engage in active Forex trading, participate in investment programs, or trade binary options. Demo account Intended to serve as a learning environment for new traders. The account is also suitable for experienced traders who want to try out new trading strategies and styles. Trading conditions are the same as on a real account, but profit and loss do not affect the client’s capital. The demo account can be opened for an indefinite period. No deposit is required. Trading on ForexStart is carried out through two platforms: MT4 and Mobius Trader 7. MT4 is designed for use on a PC, whereas Mobius is optimized for use on any Android, iOS, or Windows device. There is also a web version of the trading platform.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology0 /10ForexStart received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
ForexStart offers limited payment options and accessibility, which may impact its competitiveness.
- Fast processing times
- BTC not available as a base account currency
- No bank card option
- No bank wire option
What are ForexStart deposit and withdrawal options?
ForexStart offers a limited selection of deposit and withdrawal methods, including . This limitation may restrict flexibility for users, making ForexStart less competitive for those seeking diverse payment options.
ForexStart Deposit and Withdrawal Methods vs Competitors ForexStart Plus500 OANDA Bank Wire YesYesBank card YesYesPayPal YesYesWise NoNoBTC NoYesWhat are ForexStart's minimum deposit and withdrawal amounts?
The minimum deposit on ForexStart is , while the minimum withdrawal amount is . These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ForexStart’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria0 /10ForexStart offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total.
- Multiple markets
- No ETFs
- Small selection of currency pairs
Supported markets vs top competitors
We have compared the range of assets and markets supported by ForexStart with its competitors, making it easier for you to find the perfect fit.
ForexStart Plus500 OANDA Currency pairs 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129 Stocks YesYesCommodity futures YesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesStock indices YesYesOptions YesNoInvestment options
We also explored the trading assets and products ForexStart offers for beginner traders and investors who prefer not to engage in active trading.
ForexStart Plus500 OANDA Bonds NoYesETFs YesNoCopy trading NoYesPAMM investing NoNoManaged accounts NoNo -
Trading Account Opening
Score:broker-profile.blocks.account_opening.score-tooltip9 /10Review of the Personal Cabinet of ForexStart
To make your acquaintance with the ForexStart broker as comfortable as possible, take a closer look at the registration procedure and take a virtual tour of your user account.The registration and login buttons can be found on the broker’s homepage. If you already have an active account with the broker, go to the upper right corner of the page and click the Personal Area button. If you are visiting a ForexStart broker’s website for the first time, click on the “Open an account” button to the right of the logo.
If you are registered with a ForexStart broker, you will see an authorization window after clicking on the Personal Area button. To access your user account, enter your email address and password, and then click the Login button. If you can’t remember your password, click the “Forgot your password?” link and follow the on-screen instructions.
After clicking the Open an account button, a new user is taken to a page with personal data fields. Here, enter your full surname, first name, and patronymic, as well as your email address and a password, and then repeat it on a separate line. Before registering on the broker’s website, you can become acquainted with all of the necessary documents, links to which can be found on the right. After opening a real account, the user selects whether he requires a cent or dollar account.
After entering the details, the broker provides a unique password that is required to withdraw personal funds. Be sure to save this password.
The trader can enter additional data on this page at will. This step completes the registration process, and the user can access the Mobius Trader 7 trading platform or the user account by clicking the “Personal Area” button.
After clicking the “Personal Area” button, an authorization window appears, in which you must enter your login information — email and password. Then, repeat the steps.
In the user account, the user can select the type of account — real or demo — as well as the currency for the real account.
After creating an account, the user has access to account settings as well as the deposit and withdrawal functions. To the left of the Deposit button is a settings icon, where the client can select the appropriate leverage, the margin call level, and make the account Islamic by enabling the swap-free function.
The user account is divided into several sections: “Accounts”, “Profile”, “Investments”, “Partners”, and “Options”.
From the “Accounts” section, you can open new accounts, configure them, as well as deposit and withdraw funds. A demo account is also opened there. This section also includes a transaction history, a function of transfer between accounts, a transaction archive, and a balance history.
The “Profile” section contains user account settings such as changing personal data, the password to the user account, and the password for withdrawing funds. From this section, you can contact support service with a problem or question, as well as view alerts and event logs.
From the “Investments” section, users can view activity on PAMM accounts, use the “Copy trade” service, and monitor accounts.
The “Partners” section contains all of the materials required to participate in the broker’s referral program.
The “Options” section takes a user to binary options trading by default.
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Customer Support
Score:We evaluated Customer Support at ForexStart by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria8 /10ForexStart demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, ForexStart shows reliable service and active engagement with clients.
InformationForexStart provides its clients with round-the-clock support. A trader can contact a specialist at any time of day or night with questions or issues, which the support service will address.
- 24-hour support service
- Traders are assisted by experts
- The work of the support service is not sufficiently prompt
- Limited communication methods
Communication with the support service can be done using:
- the email address specified in the Contacts section;
- feedback forms on the website.
Contacts Foundation date 2006 Registration address 160-180 Water St, New York, NY 10038, USA. Official site forexstart.com Contacts support@forexstart.com +1 917 993 96 90
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FAQs
What do ForexStart user reviews indicate about overall trader satisfaction?
ForexStart has a user satisfaction score of 4.6 out of 10 based on 7 reviews, with no 5-star ratings and a relatively high share of 1–2 star evaluations. According to user reviews, overall sentiment is mostly negative, suggesting that many traders report dissatisfaction with their experience.
How are ForexStart’s deposit and withdrawal conditions described in user feedback?
The review notes that ForexStart receives a low score for the efficiency and convenience of its deposit and withdrawal processes. While processing times are described as fast, users face limited payment options, including no bank card option, no USDT payments, and no Wise support, which may reduce overall convenience.
What information is available about ForexStart’s minimum deposit and withdrawal requirements?
The review states that ForexStart has specified minimum deposit and withdrawal amounts, but the exact figures are not provided in the section. It is mentioned that these minimums may vary by account type and payment method, and users are directed to contact ForexStart’s support team for precise details.
How does the review assess the range of markets and tradable assets at ForexStart?
The review describes ForexStart as offering a limited selection of trading assets, stating that the platform supports 0 assets in total in the provided data. It notes that there are multiple markets mentioned in general, but highlights the lack of crypto trading and a small selection of currency pairs, without specifying exact instruments.
What feedback is provided about ForexStart customer support responsiveness and channels?
ForexStart’s customer support receives a safety score of 8/10, with the review noting round-the-clock availability and expert assistance, as well as prompt and structured responses during testing. At the same time, disadvantages mentioned include that support is not considered sufficiently prompt in all cases and that communication methods are limited to email and website feedback forms.
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You are not alone in your trouble. They are trying to block the account for everyone who withdraws a decent amount. And it's impossible to prove anything.