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.
StarTrader Pros & Cons
- Free 30-day demo account and a minimum deposit of just $50;
- Low spreads and trading fees;
- Ultra-fast order execution with no trading restrictions;
- Trade sizes from 0.01 lots to 100 lots, free VPS with simple conditions;
- Extensive educational resources;
- Dedicated technical support;
- The broker is regulated by SVGFSA, FSA, and ASIC, and registered in five countries.
- The broker offers only contracts for difference;
- Only an economic calendar is available;
- There are minimal analytical tools provided;
- Significant regional restrictions;
- Cooperation with the broker is impossible for residents of Israel, Cuba, Iraq, Pakistan, Syria, and several other countries.
TU Expert Verdict
StarTrader is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
StarTrader User Reviews
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5-star
18%
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4-star
27%
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3-star
27%
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2-star
9%
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1-star
18%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria9 /10The trading and non-trading commissions of StarTrader have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is StarTrader Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.4 /10StarTrader has a safety score of 8.4/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
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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.9.6 /10StarTrader offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Tight spread ECN account
- No Cent account
- No VIP account option
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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 methodology7.4 /10StarTrader received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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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 criteria8.8 /10StarTrader provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 80 Forex currency pairs.
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Trading Account Opening
We successfully registered an account with StarTrader in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at StarTrader is $50.Score:We evaluated Trading Account Opening at StarTrader by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria8.9 /10StarTrader received a score of 8.9/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10 -
Customer Support
Score:We evaluated Customer Support at StarTrader 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 criteria9.7 /10
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FAQs
How is StarTrader regulated and what safety measures are highlighted in the review?
The review states that StarTrader has a safety score of 8.4/10, categorized as a high security level, and is regulated by ASIC (Tier-1) in Australia, as well as by the FSA in Seychelles and the SVG FSA, both Tier-3 regulators. It also notes the presence of negative balance protection and mandatory KYC, while the broker’s track record is under 8 years and no specific investor compensation fund is mentioned for these regulators.
What does the review say about StarTrader’s trading commissions and non-trading fees?
According to the review, StarTrader’s overall fee level is rated 9/10, with low forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees reported. For Standard accounts, EUR/USD spreads typically range from 1.4 to 1.6 pips and GBP/USD from 1.8 to 2.1 pips, while RAW/ECN accounts show average spreads of 0.1 pips for EUR/USD and 0.3 pips for GBP/USD, with the section not specifying the exact commission per lot for StarTrader.
What do user reviews and feedback indicate about overall satisfaction with StarTrader?
The user satisfaction score for StarTrader is 6.4/10 based on 11 reviews, with 145 users having chosen this broker according to the section. Rating distribution is mixed, with both positive (18% 5-star and 27% 4-star) and negative (18% 1-star and 9% 2-star) feedback, and 27% of reviews at 3 stars, so the overall tone is described as mixed; According to user reviews, experiences vary significantly.
How do reviews describe the StarTrader account opening process and requirements?
The review notes that opening an account with StarTrader is fully online, took 20 minutes in testing, and that KYC verification was completed within 2 business days, with a minimum deposit of $50. It highlights a relatively accessible process but mentions that account approval and registration may sometimes take longer depending on documentation and other factors.
What feedback does the review provide about StarTrader’s mobile trading apps and features?
The mobile apps section reports that StarTrader supports trading on iOS and Android, scoring 8.01/10 for mobile trading, with 800,000 total downloads, an App Store rating of 5, and a Google Play rating of 4.3. The review notes support for mobile alerts and 2FA, as well as indicators, while also mentioning that mobile functionality is more limited compared with the desktop platform.
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