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 demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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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
- Minimum deposit above industry average
- No bank wire option
- BTC payments not accepted
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 Trading.com Plus500 Bank Wire YesYesBank card YesYesPayPal NoYesWise NoNoBTC NoNoWhat 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
- Futures not available
- Bonds not available
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 Trading.com Plus500 Currency pairs 69 60 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. 69 2800 Stocks NoYesCommodity futures NoYesCrypto 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. NoYesStock indices NoYesOptions NoYesInvestment 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 Trading.com Plus500 Bonds NoNoETFs NoYesCopy trading NoNoPAMM 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 reveal about overall trader satisfaction levels?
Based on available user reviews, overall satisfaction with ForexStart is relatively low, with a user satisfaction score of 4.6 out of 10. Among 7 reviews, there are no 5-star ratings, and 2-, 3-, and 1-star ratings each account for 29%, indicating that feedback is mostly negative.
How are ForexStart’s deposit and withdrawal processes evaluated in the review?
The review describes ForexStart’s deposit and withdrawal processes as having a low level of efficiency and convenience. While processing times are noted as fast, the limited payment options and lack of bank card and USDT support are highlighted as drawbacks that may reduce flexibility and increase costs.
What feedback is provided about ForexStart’s payment methods and transaction conditions?
The section notes that ForexStart offers a limited selection of deposit and withdrawal methods, which may restrict flexibility for users. Minimum deposit and withdrawal amounts are mentioned but not specified in exact figures, and the review suggests that details can vary by account type and payment method.
How does the review describe the range of markets and tradable assets available at ForexStart?
The review states that ForexStart offers a limited selection of trading assets compared to the market average and lists a total of 0 supported assets. It also notes that indices and copy trading are not available, even though the platform is described as having multiple markets, without specifying which ones.
What feedback do traders give about ForexStart customer support quality and accessibility?
The review indicates that ForexStart’s customer support has a low reliability score of 2 out of 10, with reports of slow responses and incomplete assistance. Although 24-hour expert support is mentioned and contact is possible via email and website feedback forms, communication methods are described as limited and not sufficiently prompt.
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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.