low
StarTrader is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
StarTrader s accepts clients from all over the world, excluding USA and some countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 20 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 6 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 4 Soft CFDs | Based on Cocoa, Cotton, Wheat, Sugar. |
| 700+ Stock CFDs | Based on shares of US, UK and EU companies. |
StarTrader is a forex broker set up in 2013 and currently registered offshore in the Seychelles. Like most other offshore forex brokers, it offers high leverage, a simple sign-up process, and accepts clients from nearly all countries in the world.
The area where StarTrader perhaps stands out the most is in terms of its offering to stock traders. With stocks from more than 700 companies listed in the US, UK and EU available for trading, StarTrader in fact has one of the largest selections of stocks of any brokers we have reviewed. What's also notable is that since StarTrader is an offshore broker, these stocks can all be traded with very high leverage. Needless to say, this opens up some interesting opportunities for traders who have profitable strategies designed for the stock market.
Besides single stocks, StarTrader also offers access to instruments such as stock indices, most major and minor forex pairs, precious metals, and a handful of other commodities. All of these assets are traded as so-called contracts-for-difference (CFD), which are derivatives of the underlying asset that makes it easy to go both short and long even with a very small amount of capital.
On the most liquid forex pairs like the EUR/USD, the max leverage traders can enjoy with StarTrader is 1:500. This is in line with the industry standard among offshore forex brokers.
All of the assets offered by StarTrader are traded on MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are the only two full-featured trading platforms supported by StarTrader. Besides these two, however, the broker has also developed a well-designed mobile trading app that is available on Apple and Android devices.
Additionally, StarTrader offers copy trading via its website, including a leaderboard that is available for all to see. By using the filter function on this page, traders can easily find other traders to copy based on metrics such as 3 months return, 6 months return, total profit, and so on.
Like most forex brokers, StarTrader allows its clients to choose between different types of trading accounts, depending on their need. With this broker, the choice is pretty simple, with one traditional STP account that offers commission-free trading with higher spreads, and one ECN account that offers commission-based trading but with lower spreads.
Both trading account types can be denominated in AUD, CAD, EUR, GBP, USD or NZD, and provide access to the broker's full range of trading instruments.
To fund a trading account, StarTrader clients can use either bank wire transfer, credit and debit cards, or e-wallets such as Sticpay, PerfectMoney, Wise, and others. Unfortunately, this broker does not support deposits or withdrawals in cryptocurrency.
StarTrader's customer support team can be reached via live chat and email. The broker makes it clear on its website that the team is available 24 hours a day, 6 days per week, which is something we of course appreciate. Still, we do believe a phone number to the support department should be provided for traders to use whenever there are more urgent support needs.
In conclusion, we see StarTrader as an interesting offshore forex broker to try out. Given that the broker has been around since 2013, it is already well-established. This is reassuring in itself, and proves that the broker has staying power in the market. We therefore believe StarTrader could be a good option for those looking for a broker with high leverage and access to a wide range of tradable assets.
