STARTFOREX – A Quick Review

STARTFOREX is an international broker that’s well known. You will find that working with this broker can be quiet comfortable. The broker will allow you to trade over the internet from anywhere or by downloading and installing a program on your computer.

You can also trade via your mobile phone. It is possible to open a new account over the internet. You can easily and quickly open an account. The trading program that you will be using is user friendly and very easy to use. You can use the trading program to trade like a pro. It is possible to open accounts with a small amount of money but with a high leverage. It is impossible to improve your skills since this broker doesn't offer DEMO accounts. One you have learned how to trade, you should download the MetaTrader 4 program from any site and use it when working with this broker.

"Demo Trading" – No. If you need practice, download the MetaTrader 4 program from any site and then use it to get a hands on feel for trading until you are comfortable enough to begin trading on the broker's website using the same program. Score: 6

Initial Investment – You will be required to make a minimum investment of one hundred dollars. Score: 9

Withdrawals and Deposits to your account – It is possible to open an account over the internet. Opening an account isn't all that complicated and it can be done fast. It is possible to deposit money using a bank transfer, credit card, LIBERTY or PAYPAL. You can also withdraw money using most of these same methods quickly and easily. Score: 9

Spread – You will receive a spread of 2 to 3 PIPS on main currency pairs. Check with the broker to see if the spread is fixed. Score: 8.8

Stop Point – A stop point is guaranteed but you will need to ask the broker to see if it is under all conditions.

Leverage – 1:400. Score: 9

Interest – Check with the broker to determine if and how he calculates the interest.

Regulation – Ask the broker.

Trading Tools:

Professional support and technical support – Available twenty four hours a day.

Professional articles, online tools and Literature – Financial journals, and a dictionary full of trading terms.

Trading courses – There are courses available and some are short and cheap.

Market surveys and Reviews – Numerous reviews are available.

Trading alerts – No.

Help guide for Traders – Seminars conducted by professionals are available as well as meetings.

Number of available foreign currency pairs offered – A large range of foreign currency pairs are available.

Languages – Ten different languages are supported.

Online trading room – No.

Personal coaching – Yes.

Free gifts and bonuses – It is possible to trade using a mobile phone. You will receive a fifty percent bonus on your initial deposit up to a maximum of two hundred dollars.

Downloadable trading platform – You might need to download and install a program but you can use the same program to trade online on the broker's website.

Trading program "friendliness" – The trading program is very easy to use. It is extremely user friendly. It is also very efficient since it is possible to trade using the MetaTrader4 program. Score: 9.7

Advantages – It is possible to open accounts using a simple and comfortable process. It is easy to deposit and withdraw money from and to your account. It is possible to start trading by depositing a modest amount. The broker offers spreads that are lower than the market average but you can still find competitors that offer even lower spreads. This broker will provide with you high leverage and many trading tools that will help you define your trading volume and should be sufficient enough for most traders.

Disadvantages – This particular broker doesn't offer DEMO accounts. The broker does however offer you a bonus that is limit and not exciting.

Broker’s score: 8.5

Note: that from time to time a commercial company, business or broker will change their terms, offers and conditions for whatever reason. They broker, business or commercial company may also change the bonuses offered to clients. Therefore, you should clarify with the broker before making a decision to ensure that you know the valid conditions, terms and offers.