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StartFX

Superb 8.50
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StartFX Review

  • Registered and regulated trading brokerage
  • Excellent suite of trading platforms
  • Wide variety of financial assets available to trade
  • Spreads are higher than most brokerages
  • Primarily for beginners due to fee structure

StartFX is a well established and respected online trading brokerage who specializes in the trading of Forex and other financial assets. StartFX was founded during the internet bubble in 1998 by a group of entrepreneurial New York Stock Exchange traders. Since the brokers establishment, StartFX has stood the test of time and now competently services clients from all around the world. StartFX is owned and operated by LLC L.A. INVEST with their headquarters located at 3 Sandro Euli Street, Tbilisi, Georgia. Being located and registered in Georgia as a financial services company, StartFX is licensed and regulated by the National Bank of Georgia (NBG). This regulatory authority is not as competent as other major regulatory authorities, but it’s better than most offshore regulators.

StartFX has a vision to be the best and fairest global trading brokerage in the industry and currently offers their services in 4 languages including English, Russian, French, and Dutch. With so many online trading brokers to choose from, how do you know if StartFX is right for you? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets StartFX apart from the competition and whether or not they can be trusted.

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Trading Platform

StartFX offers their traders a whole suite of online trading platforms that are suitable for individual traders needs. The most prominent platform they offer traders is the MetaTrader 4 (MT4) platform, which is available both for download and use via the web-based terminal. The MT4 platform is the most popular investment application and provides traders with all the necessary tools and features needed to competently trade forex, CFDs, and futures.

Another trading platform offered by StartFX is the ZuluTrade platform. This platform is web-based and allows traders to automatically manage trading transactions on their account. ZuluTrade is known as a leading social trading platform which allows traders to follow the signals of more experienced and successful traders. Traders can implement automatic trading strategies to avoid human mistakes and participate in the 24/7 forex markets. Also, ZuluTrade features the ability to choose your desired level of profit and to set stop losses.

Both the ZuluTrade and MetaTrader 4 platforms are fully optimized for mobile trading and can be used via downloadable applications for both Apple and Android smart devices. This allows traders to trade on the go no matter where they are. Also, traders can manage their account and make important moves while they’re away from their computer. The mobile applications are well designed and feature most of the available features that the desktop versions offer.

Exchange Markets

StartFX is far more than just a forex trading brokerage as they offer the ability to trade numerous financial instruments across a wide variety of markets. For instance, traders can participate in the trading of 150+ financial instruments including Cryptocurrencies, Forex, Metals, Energies, Indices and Stocks. See these markets overviewed below.

Forex

  • 50 tradeable currency pairs
  • Leverage of up to 1:500
  • Trade CFDs on forex with the smallest spreads and fast execution speeds

Metals & Energies

  • 17 tradeable instruments
  • Dynamic leverage
  • Spots and futures contracts for various metal and energy assets

Indices

  • 20 tradeable Indices
  • Dynamic leverage
  • Various CFDs on spot indices

Stocks

  • 125 tradeable shares
  • Dynamic leverage
  • Blue chip companies and many more

Commodities

  • 17 tradeable instruments
  • Dynamic leverage
  • Very small spreads

Cryptocurrencies

  • 10 tradeable cryptocurrencies
  • Leverage up to 1:500
  • CFDs on the most popular cryptocurrencies

Fees and Commission

StartFX does not make their money by charging trading fees or commissions, but rather through the spread on transactions (the difference between buy and sell prices). There are no fees for deposits or withdrawals as well. StartFX features fairly-priced spreads considering there are no additional fees and are competitive in the industry. Average spreads on forex currency pairs range from 1.8 – 2.9 and are variable for all other financial assets.

Security and Fairness

StartFX is a very safe and secure online trading brokerage as they are registered and regulated by the National Bank of Georgia (NBG). Also, safety and stability are ensured by the compliance and partnerships with leading e-commerce security companies. Also, client’s funds are fully segregated from the brokerages account. StartFX has a strong emphasis on customer satisfaction and treats customers fairly by offering 4 different types of accounts, each offering features and aspects suited to their trading needs.

Support

As mentioned earlier, customer satisfaction is very important to StartFX and therefore they offer 24/7 customer support via email, telephone, and their social media channels which include Facebook, Twitter, Instagram, and LinkedIn. Telephone support can be reached in 7 different countries including America, South Africa, Germany, Russia, Switzerland, United Kingdom, and Austria. The support offered is said to be very helpful and responsive. Additionally, traders can find numerous helpful resources in the education center such as courses, trading strategies, videos, eBooks, quizzes, webinars, a glossary, and news.

Conclusion

StartFX is truly an impressive online trading brokerage who offers traders a wide variety of financial instruments to trade. The brokerage is more catered towards beginner traders due to their simple to use and easy to understand interface and spread only fee structure. The broke offers very impressive trading platforms for both beginner and advanced traders, and also gives traders the option to choose from 4 varied account types. StartFX goes above and beyond to inform and educate their traders through their excellent customer support and extensive education center. All in all StartFX is a competent trading brokerage with years of experience and is a great place for beginners to start.

StartFX FAQ

The following are the common questions that customers inquired about StartFX.

Is StartFX regulated?

Yes, it is regulated by the National Bank of Georgia (NBG).

Is StartFX a scam?

No, StartFX is a legit broker with nearly 20 years of experience.

Where is StartFX based?

StartFX is based at 3 Sandro Euli Street, Tbilisi, Georgia.

Screenshot

StartFX Screenshot
Details
StartFX Reviews by Traders
Rate Broker and write a review
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RudyardK
122 reviews
Review date 11/06/2018
1 2 3 4 5 6 7 8 9 10
StartFx has a good name in the community and offers a favorable trade options.
StartFx has fees that I find a little too high for the standard broker.
BooRadley
133 reviews
Review date 06/06/2018
1 2 3 4 5 6 7 8 9 10
StartFx has a simple and easy to use trading platform. They have competitive fees and a decent range of financial instruments.
StartFx lacks sophistication and may not be satisfactory for advanced traders.
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