According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.01
- MetaTrader4
- MetaTrader5
- Hedging, scalping, grid trading, martingale strategy, and EAs are allowed
- Up to 1:100
Our Evaluation of Starter Prop Trader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Starter Prop Trader is a high-risk prop trading company with the TU Overall Score of 2.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Starter Prop Trader clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this company, as, according to reviews, most clients are not satisfied with the firm.
Starter Prop Trader is committed to providing a transparent, flexible, and supportive environment for trader development and success. However, the firm does not currently offer single-phase evaluation programs or instant funding for experienced traders with successful strategies who seek an expedited entry into prop trading.
Brief Look at Starter Prop Trader
Starter Prop Trader is a proprietary trading firm with offices in the UAE and Saint Vincent and the Grenadines. Prospective traders undergo a two-stage evaluation to access funded accounts of $50,000, $100,000, or $200,000, featuring a standard 80% profit share. An additional scaling plan offers the potential for maximum funding up to $1 million and an enhanced profit share up to 95%. Starter Prop Trader provides its services globally, partnering with institutional liquidity providers to offer trading with floating spreads on MetaTrader 4 and MetaTrader 5 platforms.
- Access to extensive funding;
- High profit splits;
- Flexible trading conditions;
- Wide choice of trading instruments.
- Limited choice of funding programs;
- Market restrictions.
TU Expert Advice
Author, Financial Expert at Traders Union
Starter Prop Trader offers a range of proprietary trading services featuring Forex and CFDs on stocks, indices, commodities, and cryptocurrencies. Traders can utilize MetaTrader 4 and MetaTrader 5 platforms. The firm supports hedging, scalping, grid trading, and the use of trading bots. With leverage up to 1:100, traders have access to funded accounts ranging from $50,000 to $200,000 and can potentially scale up to $1 million. The account types comprise two-stage evaluation programs, which vary in profit targets, drawdown limits, and participation fees, emphasizing flexible trading conditions.
However, Starter Prop Trader has drawbacks, including limited funding programs, market restrictions, and the requirement of two-stage evaluations which may not suit traders seeking faster entry into prop trading. The absence of free evaluations and restrictions on strategies such as arbitrage and AI may deter some traders. While it offers transparency in payouts and supportive trading conditions for diverse strategies, it may best suit traders willing to navigate its specific rules and evaluation steps.
Starter Prop Trader Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 and MetaTrader 5 |
|---|---|
| 📊 Accounts: | 2-Step Academy and 2-Step PRO |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Deposits: bank cards and cryptocurrencies Withdrawals: bank transfers and cryptocurrencies |
| 🚀 Minimum deposit: | $49 ($39 with a discount) |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | From 2 pips |
| 🔧 Instruments: | Forex and CFDs on cryptocurrencies, indices, commodities, and stocks |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Commercial quote providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Hedging, scalping, grid trading, martingale strategy, and EAs are allowed |
| 🎁 Contests and bonuses: | Yes |
Starter Prop Trader offers leverage up to 1:100 for Forex, 1:50 for indices, 1:30 for metals and commodities, and 1:2 for cryptocurrencies. These conditions apply across challenge, verification, and simulated live account stages. Stop loss is not mandatory. Cryptocurrency trading is available 24/7. Trading accounts inactive for 30 days are closed automatically. The use of VPNs and VPSs is permitted, provided that it complies with trading rules.
Starter Prop Trader Key Parameters Evaluation
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Challenge rules and pricing
Starter Prop Trader provides access to funding up to $1 000 000, with challenges requiring at a minimum of 4 trading days. The entry-level plan starts at $39, min but the fee is non-refundable.
- High funding potential — up to $1 000 000
- Low entry cost — from $39
- No demo account provided
- Minimum trading period required
Starter Prop Trader Challenge fees and plans
We compared Starter Prop Trader’s challenge plans by key parameters including pricing, profit targets, loss limits, and managed capital.
Available Trading Plans
| Trading Plans | Managed amount, USD | Price, $ | 1 step profit target, $ | 2 - Profit target, $ | Daily loss,% | Max. loss, % |
| 2 Step Academy |
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| 2 Step Pro |
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What’s the minimum trading period for Starter Prop Trader’s challenge?
A minimum of 4 trading days is required, regardless of how quickly you reach the profit target.
Does Starter Prop Trader offer a free evaluation?
No, Starter Prop Trader does not offer a free evaluation option. If you’re looking for firms that do provide this feature, you may consider exploring other companies that support free challenge models, such as: Funded Trading Plus, Emerge Profit, City Traders Imperium.
Is instant funding available at Starter Prop Trader?
No, Starter Prop Trader does not offer instant funding. If this option is important to you, consider exploring other firms that provide instant funding models, such as: Hola Prime, Instant Funding, GoatFundedTrader.
Trading rules
Starter Prop Trader outlines the main rules for funded accounts, including a max. loss of 8% and a daily loss limit of 4%. The firm also restricts certain trading strategies, which are detailed below.
- No weekend close rule
- Scalping allowed
- Trading bots (EAs) allowed
- Copy trading not allowed
Starter Prop Trader trading conditions
We compared Starter Prop Trader’s leverage and trading conditions with competitors to help you better understand how it measures up.
| Starter Prop Trader | Hola Prime | SabioTrade | |
| Max. loss, % | 8 | 5 | 6 |
| Max. leverage | 1:100 | 1:100 | 1:30 |
| Weekend close rule | No | No | No |
| Mandatory Stop Loss | No | No | No |
| Trading bots (EAs) | Yes | Yes | Yes |
| News trading | Yes | Yes | Yes |
| Scalping | Yes | No | Yes |
| Copy trading | No | No | No |
Deposit and withdrawal
Starter Prop Trader earned a Medium score based on how smoothly and conveniently traders can deposit and withdraw funds.
The deposit and withdrawal options at Starter Prop Trader meet most standard requirements and are in line with what many prop firms provide.
- PayPal supported
- Bank сard deposits and withdrawals
- Supports bank wire transfers
- USDT payments not supported
- BTC payments not supported
- Wise not supported
Deposit and withdrawal options
To help you evaluate how Starter Prop Trader performs, we compared its deposit and withdrawal methods with those of two competing proprietary trading firms.
Starter Prop Trader Payment options vs Competitors
| Starter Prop Trader | Hola Prime | SabioTrade | |
| Bank Card | Yes | Yes | Yes |
| Bank Wire | Yes | No | No |
| Crypto | No | Yes | Yes |
| PayPal | Yes | Yes | No |
| Wise | No | No | No |
| Payoneer | No | No | No |
| Skrill | No | No | No |
| Neteller | No | No | No |
Profit withdrawal frequency
We compared Starter Prop Trader with other prop firms based on how frequently traders can withdraw their profits: on demand, weekly, or monthly. Firms that allow more frequent payouts offer greater flexibility and quicker access to earnings.
| Starter Prop Trader | Hola Prime | SabioTrade | |
| On demand | No | No | Yes |
| Weekly | No | Yes | No |
| Biweekly | Yes | Yes | No |
| Monthly | No | Yes | No |
What base account currencies are available?
Starter Prop Trader offers the following base account currencies:
Trading Account Opening
To gain access to your user account on the Starter Prop Trader website, sign up for an evaluation program, by following the below steps:
Choose the appropriate evaluation type and click Buy Now.
Provide your email address and confirm it.
Once you pay for a chosen challenge, log in to your user account with your email and password.
Features of the trading account allow traders to:
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Complete verification by providing the required documents;
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View the current status of the evaluation;
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Monitor the referral program performance;
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Change the login password;
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View the user account information.
Regulation and safety
Starter Prop Trader is registered in the International Free Zone Authority (IFZA), which provides a legal and corporate framework for conducting business in the UAE. This requires Starter Prop Trader to comply with certain standards and reduces the risk for traders, confirming the firm's legal standing.
Advantages
- The firm is a real organization, not an anonymous, unregistered entity
- Trading in a simulated environment
- Traders only risk their participation fees
Disadvantages
- Trading using the firm’s technology without brokers
- No payout guarantees
- Prop firms are allowed to operate without regulatory oversight
Markets and tradable assets
Starter Prop Trader has a score of 7/10, reflecting a strong variety of markets and assets available for trading.
- Indices available
- Forex trading supported
- Stock trading allowed
- Crypto trading unavailable
- Options not supported
Tradable markets
We compared the range of tradable instruments offered by Starter Prop Trader with two leading competitors to highlight the differences in market access.
| Starter Prop Trader | Hola Prime | SabioTrade | |
| Futures | No | No | No |
| CFDs | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes |
| Options | No | No | No |
| Stocks | Yes | No | No |
| Crypto | No | Yes | Yes |
| Indices | Yes | Yes | Yes |
Investment Options
Starter Prop Trader allows its clients to copy trades only within their own accounts. Copy trading between different individuals, including relatives and friends, is strictly prohibited, thus preventing the generation of fully passive income.
Traders are allowed to use expert advisors (EAs) for both market analysis and automated order execution, enabling the implementation of automation within a trading strategy while retaining control over the trading process.
Partnership program from Starter Prop Trader
Starter Prop Trader rewards its clients for referring new traders. The reward is calculated as a percentage of purchases made by referrals.
Conditions of the partnership program:
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Partners receive a commission based on the number of their referrals: 10% of the purchase value for 1-100 referrals, 12.5% for 100-250 referrals, or 15% for 250 or more referrals.
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Participation is open to traders from diverse countries.
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Minimum payout is $100.
To help its partners grow their client base, the firm offers marketing materials and provides support in English, Russian, and Turkish.
Customer support
Starter Prop Trader offers multiple communication channels to contact its technical support. For clients with funded accounts, Zoom conference support is available.
Advantages
- Multilingual support
- Multiple communication channels
Disadvantages
- Email responses may be delayed
Available communication channels:
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Email;
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Live chat;
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Zoom;
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Feedback form;
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Social media.
Starter Prop Trader lists its Dubai office on its website. However, no phone numbers are available for contact.
Contacts
| Registration address | No. 40851-001, Building A1, IFZA, Dubai Silicon Valley, DDP, UAE |
|---|---|
| Official site | https://starterproptrader.com/ |
| Contacts |
Education
The Starter Prop Trader website features basic trading education, including short articles on the basics of Forex and CFD trading.
The Starter Prop Trader website features only the basics of trading in financial markets, without a comprehensive analysis.
Comparison of Starter Prop Trader to other prop firms
| Starter Prop Trader | FundedNext | Hola Prime | SabioTrade | OANDA Prop Trader | Lark Funding | |
| Trading platform |
MetaTrader4, MetaTrader5 | MetaTrader4, MetaTrader5, cTrader | MetaTrader5, Match Trader, DXTrade, cTrader | Exclusive QuadCode trading platform (web, mobile app, desktop) | MetaTrader5, MT5 Webtrader | cTrader, DXTrade |
| Min deposit | $49 | $32 | $48 | $119 | $35 | $60 |
| Leverage |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:100 |
From 1:1 to 1:30 |
From 1:1 to 1:100 |
From 1:1 to 1:50 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0.1 points | From 0.9 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No | No | 100% / 50% | No | 110% / 100% |
| Order Execution | Market Execution | N/a | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | No |
Detailed review of Starter Prop Trader
Starter Prop Trader works directly with commercial liquidity providers and does not partner with retail brokers. This ensures more professional and transparent order execution conditions. The firm features a scaling plan enabling traders to increase their capital by 25% every four months, provided they achieve a net profit of at least 10% during that period and make a minimum of two withdrawals. The profit share increases to 95%, however, if a scalable account is combined with a non-scalable one, the profit share is set at 80%.
Starter Prop Trader by the numbers:
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2 registered offices;
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Maximum funding without scaling is $200,000 per trader;
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Maximum funding with scaling is $1 million per trader;
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Standard profit split is 70%-80%, or 95% with scaling;
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10% cashback under the My Stars loyalty program.
Starter Prop Trader is a prop trading firm offering flexible programs and withdrawal conditions
Starter Prop Trader offers 2-Step Academy and 2-Step PRO evaluation programs, each tailored for traders with varying goals and experience levels. Both programs allow for automated strategies. The PRO program includes restrictions on trading during significant news events: opening or closing trades is prohibited 2 minutes before and after release. Additionally, it prohibits holding positions overnight. For those who successfully complete the Academy evaluation, a 45% discount is provided for participation in PRO.
Starter Prop Trader offers flexible withdrawal conditions. By default, rewards are calculated monthly. However, traders can request their first withdrawal 14 days after their first trade. Following the initial payout, the firm offers bi-weekly withdrawals, enabling traders to receive profits regularly. Thus, Starter Prop Trader ensures both monthly and more frequent payouts, providing traders with flexibility in managing their income.
Useful services offered by Starter Prop Trader:
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Refund of the PRO challenge fee after the fourth withdrawal;
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15% profit share available during the challenge stage;
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Access to reward statistics of other Starter Prop Trader clients;
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Scaling plan for traders with successful strategies.
Advantages:
Transparent reward system with real-time payout tracking;
Bonuses for various activities, redeemable for discounts;
Opportunity for a free challenge retry;
Flexible withdrawal conditions;
Availability of a scaling plan;
Clear rules and requirements known in advance.
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