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Matsui , STARTRADER Broker Comparison

Do you want to know which is the better broker between Matsui and STARTRADER ?

In the table below, you can compare the features of Matsui , STARTRADER side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
7.98
Regulated
No guarantee
15-20 years
FSA
Not supported
Not supported
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
8.63
Regulated
No guarantee
--
--
10-15 years
ASIC,FSA,FSCA
Supported
Supported
Neteller,STICPAY,Debit Card,Local Deposits,Bank Wire,CryptoPay,PerfectMoney,Credit Card,SEPA,Skrill
AAA
AA
421
47
62
47
1994
1985
1994
AA

EURUSD:-0.3

EURUSD:-2.2

27
-1
27
A

EURUSD:13.93

XAUUSD:24.74

AA

EURUSD: -5.75 ~ 2.29

XAUUSD: -30.8 ~ 22

B
0.7
87.8
35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices
100USD
1:500
from 0.1
--
--
0.01
--

Score
Regulatory Status
Regulated
Regulated

STARTRADER BrokerRelevant information

Matsui BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of matsui, iv-markets lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

matsui
Aspect Information
Registered Country/Area Japan
Founded year 2005
Company Name Matsui Securities Co., Ltd.
Regulation Regulated in Japan
Minimum Deposit Not specified
Maximum Leverage Not specified
Spreads Not specified
Trading Platforms Japanese Equity App, U.S. Stocks App, Investment Trust App, Forex App, Futures OP App, Netstock High Speed, FX Trader Plus
Tradable assets Japanese stocks, US stocks, mutual funds, FX, futures/options, NISA/Tsumitate NISA, iDeCo, Japanese equities products, MMF, ETFs/REITs
Account Types Not specified
Demo Account Not specified
Customer Support Email: kouza-kaisetsu@matsui.co.jp
Payment Methods Netlink Deposit, Deposit Transfer, Time Deposit, Bank Transfer Deposit
Educational Tools “Learn to Invest” program

Overview of Matsui

Matsui Securities Co., Ltd. is a regulated brokerage firm based in Japan. It holds a Retail Forex License and operates under the jurisdiction of the Kanto Local Finance Bureau. The company has been in operation for 15-20 years and has a good capital ratio, indicating its financial stability. Matsui Securities has established partnerships with various financial institutions, including NatWest, XTX Markets, Deutsche Bank AG, HSBC, Morgan Stanley, and others.

Matsui Securities offers a range of investment products and services. It provides access to the Japanese stock market, allowing investors to trade stocks listed on Japanese exchanges in real-time. Additionally, the company offers the opportunity to trade US stocks, mutual funds, foreign exchange, futures, options, NISA/Tsumitate NISA accounts, iDeCo retirement savings plans, Japanese equities products, money market funds, and ETFs/REITs.

To open an account with Matsui Securities, interested individuals can visit the company's website and follow the account opening process. The brokerage charges fees and commissions based on the specific trading services and products used. Deposit and withdrawal options are available through methods such as Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit.

Matsui Securities provides a range of trading platforms, including smartphone apps dedicated to Japanese stocks, US stocks, investment trusts, and forex trading. It also offers platforms for futures and options trading, as well as PC/tablet-based platforms for comprehensive trading features.

Overall, Matsui Securities Co., Ltd. is a regulated brokerage firm in Japan, offering a variety of investment options and trading services to investors.

 basic-info

Pros and Cons

Matsui Securities Co., Ltd is a financial institution that offers a range of investment services in Japan. While Matsui Securities has certain advantages, it also has some limitations to consider. On the positive side, Matsui Securities is regulated by the Financial Services Agency, ensuring compliance with financial regulations. Additionally, the company holds a Retail Forex License and provides access to Japanese and US stocks, facilitating diversification. Matsui Securities also offers tax-advantaged investment accounts, such as NISA and iDeCo, and various deposit and withdrawal options. However, it is important to note that the company has limited information available on its website and email address, and there is a lack of transparency regarding fees, commissions, and withdrawal details. The contact options are limited to email, and there is limited information about customer support. The company's trading platforms and capital ratio also have limited details. To summarize, while Matsui Securities offers certain benefits, prospective customers should carefully evaluate its limitations before making investment decisions.

Pros Cons
Regulated by the Financial Services Agency in Japan Limited information available about the company's website and email address
Holds a Retail Forex License No information provided about the expiry date of the license
Offers access to Japanese and US stocks Lack of transparency regarding fees and commissions for different services
Provides tax-advantaged investment accounts (NISA and iDeCo) Limited contact options (only email provided)
Wide range of Japanese equities products and trading services No information about withdrawal fees and limits
Various deposit and withdrawal options Limited details about the trading platforms offered

Is Matsui Legit?

Based on the information provided, Matsui Securities Co., Ltd. (松井証券株式会社) is regulated by the Financial Services Agency in Japan. It holds a Retail Forex License and is regulated under the jurisdiction of the Kanto Local Finance Bureau (関東財務局長(金商)第164号). The effective date of the license is September 30, 2007.

However, there is no information available regarding the expiry date, website, or email address of Matsui Securities Co., Ltd. The company's address is located in Chiyoda-ku, Tokyo, at 1-4 Kojimachi. The phone number provided for the licensed institution is 0352160606.

regulation

Market Instruments

Japanese stocks:

Matsui Securities provides investors with access to the Japanese stock market, allowing them to trade stocks listed on Japanese exchanges through spot trading. This enables investors to buy and sell shares of Japanese companies in real-time, taking advantage of market movements.

US stocks:

In addition to Japanese stocks, Matsui Securities also offers investors the opportunity to trade US stocks. This means that investors can access major US stock exchanges and trade shares of American companies, providing diversification and exposure to international markets.

Mutual fund:

Matsui Securities offers mutual funds as an investment option. Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets. By investing in a mutual fund, investors can gain exposure to a wide range of securities, managed by professional fund managers.

FX (Foreign Exchange):

Matsui Securities facilitates foreign exchange trading, allowing investors to trade currencies. Foreign exchange trading involves buying and selling different currencies with the aim of profiting from fluctuations in exchange rates. This service provides opportunities for investors to engage in currency speculation and hedge against foreign exchange risks.

Futures/Options:

Matsui Securities offers futures and options trading. Futures contracts are agreements to buy or sell assets at a predetermined price and date in the future, while options contracts provide the right, but not the obligation, to buy or sell assets. These derivative instruments allow investors to speculate on price movements and manage risk in various financial markets.

NISA/Tsumitate NISA:

Matsui Securities provides the NISA (Nippon Individual Savings Account) and Tsumitate NISA services. These are tax-advantaged investment accounts in Japan that encourage long-term investing by offering tax exemptions on capital gains and dividends. Investors can contribute to these accounts annually and invest in various financial products.

iDeCo:

Matsui Securities offers the Individual Defined Contribution Pension (iDeCo) system. iDeCo is a retirement savings plan in Japan that provides tax advantages for individuals. It allows investors to contribute a portion of their income towards retirement and invest in a range of financial instruments, aiming to grow their retirement savings.

Japanese equities Products and trading services:

Matsui Securities provides a wide array of Japanese equities products and trading services. This includes offerings such as initial public offerings (IPOs) and public offerings (POs), which allow investors to participate in the primary market and buy shares of newly listed companies. Additionally, the company provides stock lending services, off-auction distribution, PTS (Proprietary Trading System) for alternative trading, and other services related to Japanese equities.

MMF (Money Market Funds):

Matsui Securities offers money market funds, which are low-risk investment vehicles that invest in short-term, highly liquid assets such as Treasury bills, commercial paper, and certificates of deposit. Money market funds provide investors with a relatively stable investment option and easy access to cash.

ETFs/REITs:

Matsui Securities offers exchange-traded funds (ETFs) and real estate investment trusts (REITs). ETFs are investment funds that trade on stock exchanges, tracking the performance of a specific index or sector. REITs, on the other hand, allow investors to pool their money to invest in a portfolio of income-generating real estate properties. These investment options provide diversification and exposure to different asset classes.

products
Pros Cons
Access to Japanese stock market Limited information about the company's website and email address
Facilitates foreign exchange trading No information provided about fees and commissions
Offers iDeCo retirement savings plan Limited contact options (only email provided)
Provides NISA and Tsumitate NISA services Limited information about the company's capital ratio and influence

How to Open an Account?

To open an account with Matsui Securities, you can follow these steps:

  1. Visit the Matsui Securities website and click on the “口座開設(無料)account opening” link, which means “Account Opening (Free)”.

open-account

2. Depending on your customer type, choose the appropriate option. Matsui Securities offers account opening for private customers, minors, and corporate customers.

 open-account

3. On the website, you can find a flowchart explaining the steps involved in the account opening process. This will give you an overview of the entire procedure.

4. If you are interested in opening a NISA account, there is a separate section where you can check the process specific to NISA accounts.

5. Prepare the necessary documents for account verification, such as your My Number verification documents and separate identity verification documents.

open-account

6. In Step 1 of the application process, you will be prompted to select the application method. Follow the instructions provided on the website.

7. In Step 2, you will need to register your email address as part of the application process.

open-account

8. Once you complete Step 3, your email address registration will be considered completed, and the application process will be finished online. You will be able to start trading within as little as three days.

9. Alternatively, you can choose to apply by mailing the application form provided by Matsui Securities. In this case, the process may take around one week.

10. Matsui Securities will send you the necessary application form based on the information you have entered during the online application process.

Fees & Commissions

Physical Trading: The commission for physical trading is determined by the total daily contract price of the exchange and PTS trading. The fee is fixed within certain ranges based on the total daily contract price, irrespective of the trading volume.

Japanese Stocks Spot Trading: The fees for spot trading and margin trading are determined by the total contract price for one day. The fees are fixed and do not depend on the trading frequency. There are different fee tiers based on the total contract price, ranging from 0 yen to 100,000 yen for individuals aged 26 and above.

Margin Trading: Margin trading fees depend on the total contract price for one day. There are different fee tiers based on the total contract price, ranging from 0 yen to 100,000 yen for individuals aged 26 and above. There are also specific commission systems for margin trading with a NISA account, trading less than one unit of shares, buying off-auction shares, and telephone transactions.

Improvement Success Fee: When the contract price improves, an improvement success fee is charged, which is calculated as 30% (33% including tax) of the improved contract price. There is no minimum commission for this fee.

IPO and PO: There is no purchase fee for IPO (Initial Public Offering) and PO (Public Offering/Secondary Offering). However, a fee will be charged at the time of sale.

Off-Auction Distribution: There is no purchase fee for off-auction distribution, but a fee will be charged at the time of sale.

Fractional Shares: A fee of 0.5% (0.55% including tax) of the contract price is charged for fractional shares. There is no minimum commission for this fee, and transactions over the phone have a different fee structure.

Profit and Loss Accounting Support Service: A fee of 2 times (2.2 times including tax) the contract price is charged for the Profit and Loss Accounting Support Service. The minimum fee is 4,950 yen (tax included).

US Stocks: Trading fees for US stocks are determined based on the contract price per trade. The fee is 0.45% (0.495% including tax) of the contract price, with a minimum fee of USD 0 and a maximum fee of 20 USD (22 USD including tax).

Mutual Fund: There is no purchase fee for mutual funds.

FX: There is no commission fee for FX trading.

Futures and Options Trading: Fees for futures and options trading vary depending on the specific contracts. The fees are calculated based on the contract price and range from 0.04% to 1.5% (including tax), with minimum fees ranging from 1,100 yen to 11,000 yen (tax included).

NISA/Tsumitate NISA: There is no trading commission fee for NISA and Junior NISA accounts. There is also no purchase fee for investment trusts within these accounts.

Telephone Transaction Fee: A fee is charged for each contract in telephone transactions. The fees vary depending on the type of transaction, such as Japanese stocks, improvement success fee, fractional shares, and futures and options trading.

fees
Pros Cons
Transparent fee structure for physical trading, Japanese stocks spot trading, and margin trading Lack of information about fees for specific types of transactions
No commission fee for FX trading Limited details about fees for IPO and off-auction distribution
No purchase fee for mutual funds Lack of information about trading commission fees for NISA and telephone transactions
Reasonable fee tiers based on the total contract price for various trading services No information about fees for profit and loss accounting support service
No minimum commission for improvement success fee Limited details about fees for futures and options trading

Deposit & Withdrawal

Deposit and withdrawal options at Matsui Securities are available to investors through four different methods: Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit. These options allow for transactions without any additional charges.

Net Link Deposit is a service that facilitates real-time transfers from a bank account to a securities account. It can be accessed through various platforms such as the customer site, smartphone site, Japan stock app, and stock touch. The service is available during specified hours, and it supports transactions with multiple financial institutions including Japan Post Bank, Mizuho Bank, Bank of Mitsubishi UFJ, and Sumitomo Mitsui Banking Corporation.

Raku-Raku Transfer Deposit enables instant transfers and deposits to a securities account by establishing an account transfer contract with a partnering financial institution. This service can be accessed through the customer site, smartphone site, Japan stock app, and stock touch. The supported financial institutions include Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Japan Post Bank. The transfer deposit limit ranges from 10,000 yen to less than 100 million yen.

For recurring deposits, investors can opt for the Regular Deposit service. This service automatically withdraws a specified amount from a linked financial institution account on the 27th of each month (or the next business day if it falls on a holiday) and deposits it into the securities account five business days later. Account registration for withdrawal needs to be completed at least 8 business days before the withdrawal date. Various platforms such as the customer site, investment trust customer site, and investment trust app support recurring deposits, and investors can choose from over 100 available financial institutions across Japan.

Bank Transfer Deposit allows customers to transfer funds from an ATM or a counter of a financial institution to a dedicated bank account specified by Matsui Securities. This method ensures secure transactions by utilizing the established banking infrastructure.

deposit-withdrawal

In terms of withdrawals, Matsui Securities offers two options. Withdrawals made after the next business day are free of charge, while instant withdrawals incur a procedure fee of 300 yen (including tax). The timing of reflection and withdrawal limits depend on the reception time and vary between next business day and immediate availability. The withdrawal minimum amount is 1,000 yen for withdrawals after the next business day and 10,000 yen or more for instant withdrawals. Customers can make up to 5 instant withdrawals per day, with a maximum limit of 2 million yen per day.

deposit-withdrawal
Pros Cons
Multiple deposit methods available (Netlink, Raku-Raku, etc.) Limited information about withdrawal processing times and limits
Automatic recurring deposit option available Instant withdrawals incur a procedure fee
No additional charges for deposit and withdrawal transactions Limited details about the withdrawal minimum amount
Wide range of supported financial institutions Limited number of instant withdrawals allowed per day

Trading Platforms

Matsui Securities offers a range of trading platforms tailored to meet various investment needs. These platforms are designed to provide essential functions and features for trading. Let's explore each platform briefly:

  1. JAPANESE EQUITY APP: Matsui Securities' Japanese Equity App is a smartphone application that focuses on Japanese stock trading. It offers users access to market price information, charts, news reports, order placement, stock search, corporate information, IPO information, shareholder benefits, and a personalized user page. The app boasts a user-friendly interface and comprehensive features, allowing users to gather information and execute trades with ease.

  2. U.S. STOCKS APP: The U.S. Stocks App by Matsui Securities is dedicated to trading U.S. stocks. It provides real-time stock price information, charts, news reports, order placement, stock search, and a personalized user page. The app is designed to be easily understandable, making it suitable for users who are new to trading U.S. stocks. It ensures a confident trading experience with its user-friendly interface.

  3. INVESTMENT TRUST APP: Matsui Securities' Investment Trust App offers all the necessary functions for investing in mutual funds. Users can access market price information, place orders, search for funds, and manage their investments through their personalized user page. The app allows beginners to start their investment journey with ease, as it enables investing in funds starting from 100 yen.

  4. FOREX APP: The Forex App provided by Matsui Securities caters specifically to trading in the foreign exchange market. It offers market price information, charts, news reports, and order placement features. The app also includes a personalized user page for managing trades. Notably, it incorporates features like “Speed Order” for quick order placement and “Chart Speed Order” for placing orders while viewing the chart.

  5. FUTURES OP APP: Matsui Securities' Futures OP App supports futures and options trading. It provides market price information, charts, news reports, order placement, stock search, and a personalized user page. The app is designed with an intuitive and user-friendly interface, allowing users to easily gather information and execute trades.

  6. For PC/tablet: In addition to the mobile trading platforms, Matsui Securities also offers a computer-based platform called “Netstock High Speed” and the “FX Trader Plus” platform exclusively for Forex trading. These platforms provide features for checking exchange rates, charts, order placement, and analysis.

trading-platform
Pros Cons
Multiple specialized apps for different types of trading Limited information available about platform features
User-friendly interfaces for ease of use Lack of transparency regarding platform fees and charges
Access to real-time market price information, charts, and news reports Limited customization options for personalized user experience
Order placement and stock search functionalities Insufficient information about available analysis and research tools
Personalized user pages for managing investments and trades Limited information about customer support and assistance
“Speed Order” and “Chart Speed Order” features for quick trading No information about platform compatibility with different operating systems
Computer-based platforms for desktop and tablet users with additional features Limited details about the platform's security measures and data protection

Educational Resources

Matsui provides a range of educational resources to support individuals who are interested in learning about investment and Japanese stocks. One such resource is the “Learn to Invest” program, which caters to beginners looking to understand the basics of investing. The program covers topics such as the fundamentals of Japanese stocks, the first installment investment process, and information about seminars that delve deeper into investment strategies. Another valuable resource offered by Matsui is the contribution of Mr. Takeuchi, who shares his expertise through the “Let's Learn about Investment” initiative. This initiative provides insights into various aspects of investment, including how to choose suitable stocks for investment. Matsui also emphasizes the importance of integrating investment knowledge into one's lifestyle, offering resources that demonstrate how to incorporate investment practices seamlessly. Additionally, the company introduces first-time shareholder benefits, enabling individuals to explore the perks of owning stocks for the first time. For those seeking information on specific brands or stores, Matsui provides resources that highlight the company names associated with various investment opportunities. Moreover, Matsui emphasizes the appeal of high dividend stocks, providing insights and guidance on how to identify these potential investments. Lastly, Matsui offers a Q&A section specifically tailored to investment beginners, providing a simple and comprehensive collection of commonly asked questions to support their learning journey.

educational-resources

Customer Support

Matsui Securities provides customer support services through different channels based on the account holders' status. For individuals who already have an account with Matsui Securities, they can enjoy free customer support by calling the dedicated hotline at 0120-953-006 or using IP phone at 03-6387-3666. The customer support service is available on weekdays from 8:30 to 17:00.

For those who do not have a Matsui Securities account, there is a separate hotline at 0120-021-906, and an alternative contact number for IP phone users at 03-6387-3601. This customer support service is also available on weekdays from 8:30 to 17:00.

To learn more about the stock trading consultation services provided by Matsui Securities, individuals can contact kouza-kaisetsu@matsui.co.jp for further information.

Conclusion

Matsui Securities Co., Ltd. is a regulated company in Japan, holding a Retail Forex License under the jurisdiction of the Kanto Local Finance Bureau. While it has a good overall score, there are some disadvantages to consider. The lack of available information regarding the expiry date, website, and email address raises concerns about transparency and communication. Additionally, the absence of specific details about fees and commissions may make it difficult for potential clients to assess the costs associated with trading. However, Matsui Securities provides a variety of market instruments, including access to Japanese and US stocks, mutual funds, foreign exchange trading, futures/options, tax-advantaged accounts, and Japanese equities products. The company offers a range of trading platforms, tailored to different investment needs. It is important for individuals considering Matsui Securities to conduct further research and carefully evaluate the available information before making a decision.

FAQs

Q: Is Matsui Securities Co., Ltd. regulated?

A: Yes, Matsui Securities Co., Ltd. is regulated by the Financial Services Agency in Japan and holds a Retail Forex License.

Q: What is the capital ratio of Matsui Securities?

A: Matsui Securities has a great capital ratio, indicating its financial strength and stability.

Q: How many brokers does Matsui Securities compare to?

A: Matsui Securities compares to three brokers.

Q: What are the market instruments offered by Matsui Securities?

A: Matsui Securities offers Japanese stocks, US stocks, mutual funds, FX (Foreign Exchange), futures/options, NISA/Tsumitate NISA, iDeCo, MMF (Money Market Funds), and ETFs/REITs.

Q: How can I open an account with Matsui Securities?

A: To open an account with Matsui Securities, you can visit their website and follow the account opening process specific to your customer type. The process can be completed online or through mailing the application form.

Q: What are the fees and commissions associated with trading on Matsui Securities?

A: The fees and commissions vary depending on the type of trading. For example, Japanese stocks spot trading and margin trading have fixed fees based on the total contract price. FX trading has no commission fees. It is recommended to refer to Matsui Securities' fee schedule for detailed information.

Q: What deposit and withdrawal options are available at Matsui Securities?

A: Matsui Securities offers Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit options for transactions without additional charges.

Q: What are the trading platforms provided by Matsui Securities?

A: Matsui Securities offers various trading platforms, including the Japanese Equity App, U.S. Stocks App, Investment Trust App, Forex App, Futures OP App, as well as PC/tablet platforms like “Netstock High Speed” and “FX Trader Plus.”

Q: What educational resources does Matsui Securities provide?

A: Matsui Securities offers educational resources, including the “Learn to Invest” program, to support individuals interested in learning about investment and Japanese stocks.

iv-markets
STARTRADERBasic Information
Founded1997
Registered Country/RegionSeychelles
RegulationASIC, FSA (Offshore), FSCA
Broker TypeSTP & ECN
Market Instruments50+ currency pairs, 700+ stocks, 10+ commodoties, 20+ indices
Demo AccountAvailable
LeverageUp to 1:500
SpreadFrom 1.3 pips (Standard account)
Trading PlatformsMT4, MT5, Webtrader, App
Minimum Deposit$50
Customer Support24/5 live chat, contact form
Email: info@startrader.com
Facebook, Instagram, Twitter, LinkedIn, YouTube, TickTok, Telegram

*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.

STARTRADER Information

STARTRADERL's website is operated by three companies, all belonging to the same Group of Companies, which include:

- Startrader (Cy) Ltd

Registration No: HE 421001

Registered Address: 160 Archbishop Makariou III, 1st Floor, 3026 Limassol, Cyprus.

- STARTRADER International PTY Limited

Registration No: 66663183

Physical Address: Level 35, 31 Markets Street, Sydney NSW 2000, Australia.

Registration Address: Flat/RM A, 12/F, ZJ 300, 300 Lockhart Road, Wanchai, Hong Kong.

Tel: +61 2 9925 4396.

- STARTRADER Limited

Registration No: 8427362-1

Physical Address: Block B, Room 2, No.2, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles.

Register Address: Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles.

Tel: +248 4325865

Email: info@startrader.com

STARTRADER's homepage

Pros & Cons

ProsCons
Regulated by FCARegional restrictions
A good range of tradable instrumentsLimited account types offered
Competitive spreads starting from 0.1 pipsLimited payment methods for deposits and withdrawals
Multiple trading platformsNo clear information on the minimum deposit for each accounts
Educational resources availableLimited research tools and market analysis
No commissions charged on tradesNo 24/7 customer support
Demo account available for testingNo Islamic account
No deposit fees
Low minimum deposit ($50)
STP & ECN accounts to choose from
Negative balance protection provided

STARTRADER offers a wide range of tradable instruments, and generous leverage up to 1:500. The broker also provides multiple trading platforms with advanced charting tools and technical analysis indicators, as well as educational resources for traders.

However, there are some downsides, such as regional restrictions and limited account types offered.

Is STARTRADER Legit?

STARTRADER has three entities under regulation:

STARTRADER PRIME GLOBAL PTY LTD is regulated by the Australia Securities & Investment Commission(ASIC) under regulatory license number: 421210.

Regulated by ASIC

STARTRADER Limited is offshore regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number SD049.

Offshore regulated by FSA

STARTRADER INTERNATIONAL PTY LTD is regulated by the Financial Sector Conduct Authority (FSCA) under regulatory license number 52464.

Regulated by FSCA

These regulatory bodies typically require brokers to follow strict operational guidelines intended to protect traders.

Further adding to the broker's credibility is its employment of security measures like segregated client accounts, which refers to the practice of keeping client funds separate from the company's operating funds. It also guarantees negative balance protection, preventing clients from losing more than their account balance. The use of SSL encryption technology ensures secure data transfer.

Protection measures

All these factors suggest that STARTRADER is not a scam and can be considered a legit broker.

However, it's crucial for traders to be cautious and alert. This includes understanding the broker's terms and conditions and researching online reviews to gain a comprehensive understanding of other traders' experiences with the broker.

Market Intruments

STARTRADER offers 800+ market instruments for traders to choose from, providing ample opportunities for traders to invest and diversify their portfolios.

  • Forex: STARTRADER offers over 50 currency pairs, including major, minor, and exotic currency pairs for forex trading, including EUR/USD, GBP/USD, USD/JPY, and AUD/CAD, among others.
  • Stocks: The broker also provides access to over 700 different stocks, allowing traders to take a position on a wide range of companies across various sectors.
  • Commodities: STARTRADER offers more than 10 commodities, providing an opportunity for traders to engage in the trading of both soft (like wheat, cocoa, or coffee) and hard commodities (like gold, oil, or natural gas).
  • Indices: They also provide more than 20 indices, tracking various segments of the financial markets, both globally and regionally.

    Market Intruments

Account Types

Apart from free demo accounts, STARTRADER offers two primary live account types.

The Standard account is designed for traders who prefer fixed spreads, and is well-suited for beginners or traders who prefer a simpler trading experience. This account type offers spreads from 1.3 pips and leverage up to 1:500, with no minimum deposit disclosed.

The ECN account, on the other hand, is tailored to more experienced traders who require a more sophisticated trading experience. This account type offers spread as low as 0.0 pips and allows traders to access the interbank market, which can provide greater liquidity and potentially tighter spreads. It also offers competitive leverage up to 1:500 and no minimum deposit is disclosed.

The accepted currencies are AUD, CAD, EUR, GBP, USD, and NZD.

Account comparison

How to Open an Account?

Opening an account with STARTRADER is a straightforward and easy process that can be completed in just a few simple steps.

Step 1: First, visit the STARTRADER website and click on the “OPEN LIVE ACCOUNT”or “OPEN FREE DEMO ACCOUNT” button. You will be prompted to fill out a registration form, which requires you to provide some personal information, such as email address and password.

How to Open an Account?

Step 2: Next, you will need to provide some additional information, such as your preferred account type (Standard or ECN), currency preference, and trading platform preference.

Step 3: After completing the registration form, you will be asked to verify your email address by clicking on a link sent to your email inbox. You will then need to provide proof of identity and address by uploading a copy of your government-issued ID and a recent utility bill or bank statement.

Step 4: Once your account is approved, you can fund your account and start trading immediately. STARTRADER supports a range of payment methods, including Bank wire transfer, Visa, MasterCard, Sticpay, Perfect Money, Wise, etc.

Leverage

TARTRADER offers a maximum trading leverage of up to 1:500, which is still relatively high compared to other brokers in the industry. While leverage can magnify potential profits, it can also increase the risks associated with trading.

Leverage details
Leverage details

Spreads & Commissions

While STARTRADER does offer transparent trading fees, the exact commission charges for ECN accounts are different due to the instrument being traded and other factors such as account activity.

Account TypeSpreadCommission
StandardFrom 1.3 pips0
ECNFrom 0.0 pips$7 per lot traded

For Standard accounts, there are no commissions charged on trades made through the account. Instead, the broker makes money through the spread, which is the difference between the bid and ask price of a financial instrument. The spreads offered by this broker starts from 1.3 pips.

For ECN accounts, the spreads offered by the broker are typically lower, starting from as low as 0.0 pips. However, traders are charged a commission $7 per lot traded.

Trading Platforms

STARTRADER provides four distinct trading platforms: the widely popular and extensively-used MetaTrader 4 (MT4), its newer and more sophisticated version, MetaTrader 5 (MT5), its proprietary WebTrader platform and App.

MT4 (Windows, Mac, iOS, Android, Webtrader) is renowned for its advanced technical analysis tools, algorithmic trading capabilities, and high-speed trade execution, making it a favored platform amongst traders of all experience levels. It offers traders an array of features, such as customizable charting, real-time quotes, and a vast selection of technical indicators.

MT4

MT5 (Windows, Mac, iOS, Android, Webtrader), on the other hand, is the latest version of the MetaTrader platform, offering even more advanced features and capabilities, including enhanced charting and analytical tools, multi-currency support, and a more extensive selection of timeframes. It is also designed to support additional types of assets such as stocks and futures, providing traders with greater market diversity.

MT5

STARTRADER's proprietary WebTrader platform, is a web-based trading platform that offers traders a wide range of tools, including real-time quotes, charting tools, and technical analysis indicators, while also providing a user-friendly interface that is easy to navigate.

Webtrader

STARTRADER also provides an App, allowing users to trade anytime and anywhere. It is available for iOS and Android platforms.

App

Copy Trading

STARTRADER's offering of a copy trading feature is great for traders who prefer to capitalize on the expertise of successful traders. Copy trading allows traders to directly copy the positions opened and managed by another selected trader. Hence, when the copied trader makes a trade, the same trade is automatically executed in the copying trader's account.

This can be particularly beneficial for novice traders who are still learning the ropes or people who don't have the time to study and monitor the markets consistently. It provides a form of passive management and can be a way to learn and understand more about trading strategies in real-time.

However, it's crucial to remember that all trading involves risks and just because a trader was successful in the past does not guarantee they will be in the future. Always practice risk management and ensure to align copy trading actions with your risk tolerance and financial goals.

Copy trading

Trading Tools

STARTRADER offers a suite of impressive trading tools that contribute towards a comprehensive and efficient trading experience.

They provide a Virtual Private Server (VPS) service which allows traders to run automated algorithmic strategies continuously 24/7 on a virtual machine, facilitating more robust connectivity and faster order execution.

VPS

Their economic calendar is a vital tool for fundamental analysis, helping traders track important economic events that have the potential to impact financial markets. This can be beneficial for planning trades and managing risk.

Economic calendar

In addition, their news room serves as a source for real-time market news, keeping traders updated about significant developments that can cause market volatility.

News room

Deposit & Withdrawal

STARTRADER supports a variety of deposit and withdrawal methods for its clients, with a minimum deposit requirement of $50. The broker allows deposits via several methods, including Bank wire transfer, Visa, MasterCard, Sticpay, Perfect Money, Wise, etc. There are zero deposit fees on most payment methods.

Deposit & Withdrawal

Deposits made via bank wire transfer can take 3-5 business days to clear, while deposits made via other methods are typically processed instantly. For withdrawals, clients can use the same methods as for deposits, with processing times varying depending on the chosen method.

To withdraw funds, you should log to “My account” with your username and password. Initiate the request to withdraw funds. Here are some important notifications you should notice when withdrawing funds:

  • Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:30 (GMT) theyll be processed on the same day.
  • Any International Telegraphic Transfer (TT) fees charged by the banking institution are passed onto the client. Most International TTs are approximately $20.
Notes

Bonus & Promotions

There are many promotions available at STARTRADERL, including 20% cumulative bonus up to $10,000, 50% first deposit bonus, 20% subsequent deposit bonus. The registration period is from 00:00 May 13th, 2024 to 23:59 December 31st, 2024 (based on MT4 time).

20% cumulative bonus up to $10,000
50% first deposit bonus & 20% subsequent deposit bonus

Affiliate switch bonus is also offered, from 00:00 01.08.2024 to 23:59 31.12.2024 (based on MT4 time). But it is only for FX pairs, Gold, Silver, Oil products and Index. Commodities and Crypto are not applicable.

Affiliate switch bonus

You can find more detailed info about promotions on their site.

Education

STARTRADER offers some educational resources designed to help traders improve their knowledge and skills in the Forex and CFD markets. These resources include webinars and a knowledge center.

The educational webinars are conducted by market experts who provide traders with insights and analysis on a range of topics, from technical analysis to risk management. The webinars are designed to help traders stay up to date with market developments and make informed trading decisions.

In addition to webinars, STARTRADER also provides traders with a knowledge center, which includes some educational materials such as e-books, videos, and tutorials. These materials are aimed at traders of all levels, from beginners to advanced traders, and cover a wide range of topics such as trading strategies, market analysis, and risk management.

Knowledge center

Customer Service

Contact ChannelDetails
LIve chat
Contact form
 label
info@startrader.com
 label
https://www.facebook.com/startrader.intl/
 label
https://www.youtube.com/@Startrader.international/feature
 label
https://www.instagram.com/startrader.international/
 label
https://www.linkedin.cn/incareer/company/startrader-global/
https://twitter.com/STARTRADER_int
https://www.tiktok.com/@startraderofficial
https://t.me/STARTRADER_Official
Contact info

Q&A

Q 1:Is STARTRADER regulated well?
A 1:Yes. It is regulated by ASIC and FCA, and offshore regulated by FSA.
Q 2:At STARTRADER, are there any regional restrictions for traders?
A 2:Yes. It is not available for Afghanistan, Cuba, Eritrea, Iraq, Islamic Republic of Iran, Israel, Liberia, Libya, Malaysia, Nicaragua, Pakistan, Russian Federation, Somalia, Syrian Arab Republic, Sudan, United States or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.
Q 3:Does STARTRADER offer demo accounts?
A 3:Yes. It offers demo accounts for testing.
Q 4:What is the maximum leverage offered by STARTRADER?
A 4:1:500.
Q 5:Does STARTRADER offer industry leading MT4 & MT5?
A 5:Yes. STARTRADER offers MetaTrader4 (MT4), MetaTrader5 (MT5), its proprietary WebTrader platform and App.
Q 6:What is the minimum deposit for STARTRADER?
A 6:$50.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Are the transaction costs and expenses of matsui, iv-markets lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive matsui and iv-markets are, we first considered common fees for standard accounts. On matsui, the average spread for the EUR/USD currency pair is -- pips, while on iv-markets the spread is from 0.1.

Which broker between matsui, iv-markets is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

matsui is regulated by FSA. iv-markets is regulated by ASIC,FSA,FSCA.

Which broker between matsui, iv-markets provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

matsui provides trading platform including -- and trading variety including --. iv-markets provides trading platform including ECN ACCOUNT,STANDARD ACCOUNT and trading variety including 35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices.

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