✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section, we will provide you with our assessment of whether the company start trader is it reliable or not. Don't miss our full review for all the details!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Startrader and we will tell you why we reached such a conclusion:

Basic Information

🏠Company STARTRADER International PTY Limited
🕑 Website ageWebsite registered on: 1997-06-2
Company typeForex, metals, indices, stocks and commodities broker
📌Address​It mentions being located in Hong Kong
RegulatoryIt is not regulated
📈PlatformOwn platform
🌐 Websitestarttrader.com
Phone+61 2 9925 4396

Company:

⚠️ STARTRADER International PTY Limited is the entity that owns Startrader, we believe it is passed off as part of this company.

Location:

⚠️ Startrader indicates that it is based in Hong Kong, a location that is not recommended. Trusting a company established here means exposing your money to risks without protection. It is crucial to evaluate carefully before proceeding with this venture

We can already tell you that we are concerned about several characteristics of this company.

What is Startrader?

After carefully analyzing the company's website, we determined that Startrader serves as a forex, metals, indices, stocks and raw materials broker.

Account types

Here are the different types of Startrader accounts/plans:

types of accountsMINIMUM INITIAL DEPOSIT
STANDARD-
ECN-

Information on the web

Starttrader website

Here we show you a screenshot of the Startrader website, which is startrader.com. The capture was made in May '2024.

Contact: phone numbers and email

After carrying out a thorough analysis of the website:

📞 We have found the following phone number: +61 2 9925 4396.

📧 We have found the following email: [email protected].

Startrader Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

La omission of details about regulation of the broker raises serious doubts about its reliability. An unregulated broker exposes investors to significant risks as they lack legal protections. Before investing, it is essential to ensure that the broker is properly regulated and supervised by competent authorities.

🚫 Startrader Final Rating 🚫

As you can see, we have carried out a detailed and complete analysis of the most important features of Startrader and we have reached the following conclusions about this company:

Location: The company claims to be located in Hong Kong, an unsafe location in terms of regulations and business transparency.

Regulatory: The absence of details about its regulation leads us to think that this company operates without being regulated. This lack of clarity generates uncertainty about its reliability and commitment to sector regulations.

Please remember that the company has been denounced by different financial regulators (in this case the AMF, French Financial Authority). Use EXTREME CAUTION.

After an exhaustive analysis of the Startrader website, it has been identified that It works as a broker that offers services in the forex, metals, indices, stocks and raw materials market. However, the lack of transparency regarding the ownership entity raises questions about its legitimacy. STARTRADER International PTY Limited is the entity that claims to own Startrader, but there are suspicions that it could be impersonating part of this company, which raises questions about its transparency.

With regards to declared location of the company in Hong Kong, a location known for its lack of regulation and business transparency, increases concerns about Startrader's reliability. Furthermore, the lack of details about its regulation suggests that the company operates without being subject to any type of regulation, which creates uncertainty about its commitment to financial sector regulations.

It is important to note that Startrader has been reported by financial regulators such as the French Financial Authority (AMF). and CNMV, National Securities Market Commission , which underscores the need to exercise extreme caution when considering any type of business relationship with this company.

🚨🚨 In summary, our evaluation indicates that this company does not meet the required seriousness and safety standards. We recommend that you be cautious when considering any type of financial transaction with her. 🚨🚨

Updates

➡️ News about Startrader:

Date Update – news
August 2023Complaint against Startrader on behalf of CNMV
May 2024Complaint against Startrader from financial regulator AMF, French Financial Authority.

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Startrader.

At the end of the review you will find customer comments.


How to Claim Money scammed by Startrader

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Startrader

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Startrader?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Startrader?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Startrader reliable?

No. Startrader is not reliable, it is a very unsafe company: It is an unregulated broker, it has been reported by an important regulator and has multiple complaints on the internet.

How to recover money from Startrader?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

4 comments on «Startrader: opinion and comments – Is it a scam?»

    • Recommended-brokers.com Reply

      Hi FERL, thanks for commenting on Startrader. This broker is a SCAM. The CNMV (Financial Regulator of Spain) has already warned about them, for fraud and not being regulated (See CNMV link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY
      Greetings.

  1. Luis Reply

    This company is a scam. My husband was scammed, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hi Luis, thanks for writing about Startrader. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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