StartFX – review of the multi-functional forex trading platform

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StartFX – forex trading platform with additional features

✅ This Trading Platform is available in United States

Overview of modern brokerage companies: StartFX

Among the currently existing methods of making a profit with the help of the Internet, asset trading online is one of the most controversial. It is explained quite simply. All users who are interested in this issue can be divided into two groups: real traders and convinced opponents of such earnings. Representatives of both the first and second groups leave feedback on brokers in the network, which completely contradict each other. Therefore, it is not recommended to choose a trading platform based on comments, reviews, etc. But what do new traders do in such situations? In order to check the reliability of a broker, it is necessary to examine key performance indicators. Using the example of the well-known StartFX platform, let’s consider how this procedure is carried out.

General characteristics of the brokerage company StartFX

The service in question was created at the end of the last century by professional traders who worked on the New York Stock Exchange. Thanks to their knowledge and experience, they understood well what their potential customers were interested in and how to create a competitive trading platform. On the Internet you can find a variety of reviews about this broker, but if you carefully examine the negative comments about the company, you can see that many of them are written on the instructions of competitors. At the moment, the head office of the broker is located in Georgia, and its branches are located in Europe, Africa, etc.

StartFX Security

Created for StartFX applications and the MT4 platform allow for financial transactions using a computer, laptop or mobile devices. At the same time, users can not worry about the safety of their money and personal information. The use of modern software, whose work is controlled by qualified specialists, significantly increases the reliability of the resource.

Deposits of the broker’s clients are stored in separate accounts, that is, the user can stop trading at any time and leave the site by transferring his money to an e-wallet, card, or via bank transfer. If you have any problems, feel free to contact the support service, which works around the clock, five days a week (Saturday and Sunday are weekends).

In addition to these security measures, you need to draw your attention to the “age” of the trading platform. Fraudsters never use the same website for so long, which is convincing evidence of the reliability of this company.

StartFX regulation

An experienced trader is unlikely to want to register a login on StartFX until he is convinced that a specialized institution controls the broker’s work. In this case, such a regulator is the National Bank of Georgia. In case of disputable situations, each trader can contact the representatives of the NBG to help solve this problem.

At the end of 2020, information appeared on the Internet that the National Bank of Georgia revoked its license, and nobody controls the activities of StartFX. But on the official website of the broker there are no confirmations / refutations on this issue.

StartFX novice trader training

The training materials placed on the site allow beginner brokers to understand what the global financial market is, who its subjects are, how to make money on trading floors, etc. This section covers a wide variety of issues related to the global financial market).

Before starting work on the trading floor, experts recommend checking your level of preparation with the help of a demo account placed on StartFX. You will not only save money, but also be able to develop your own trading strategy that best suits this platform.

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What every StartFX user should know

In addition to the demo account, the following are provided on the broker’s web site:

Each of these accounts has its own characteristics, which can be found on the company’s website, after registration.

Trading conditions on StartFX

Many users, preparing reviews about StartFX, study information about this trading platform and find descriptions that differ greatly from each other. Therefore, we highlight the main indicators using only verified sources of information.

● The amount of the minimum deposit – $ 250.

● Currency of trading accounts – euro, US dollar.

● The minimum bid is 0.01.

● Affiliate program – provided.

● Spreads – from 0.9.

How to deposit and withdraw money StartFX

Judging by the reviews of real users compiled by StartFX, the broker company in question is satisfied by even the most demanding customers by the number of methods for depositing and withdrawing funds.

● Plastic cards of financial and credit institutions (both credit and debit).

StartFX trading assets

For trading, the administration of the platform in question offers its customers the following types of assets: currency pairs, raw materials, precious metals, indices, cryptocurrencies, and CFDs.

Based on the above information, we can conclude that the StartFX trading platform is of interest both for beginners and experienced traders. The only serious disadvantage of the resource in question is the size of the minimum deposit. Not every user will want to pay $ 250 for the opportunity to work on the trading platform.

Forex Platform StartFx

Advantages and Disadvantages of the Top Forex Platforms

StartFX platform is designed specifically for beginners. The assimilation of trade rules takes a few minutes. StartFX is also made for experienced traders who are interested in attractive trading conditions. In StartFX commission for unprofitable transactions backs to trader’s account.

The terms of trade and the terminology used in StartFX software are simplified for easier understanding by the novice traders. StartFX Forex has only a basic set of tools for market analysis.

Multi-level structure of the program provides the ability to adapt the trading terminal to the level of trader’s experience. A novice trader can use the first and the easiest level of the program. While his experience is growing, he could change the level to a higher and advanced.

StartFX reviews emphasize next benefits of the platform. First of all, it is a multi-level structure of the program that is the perfect solution for beginners. In transactions an advisor’s aid is available. Interactive tools help in learning stock trading. Simple and intuitive interface is best for novices.

StartFX review especially notes the fact that concepts and features are introduced and explained step by step. A large number of tips help to learn how to analyze the market and to trade profitably. StartFX is the perfect solution for novices in trading on financial markets.

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StartFX Review – is it scam or safe?

Trading Accounts & Conditions

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Micro $250 0.01 1:500 1.8 pips
VIP $3 000 0.01 1:500 1.8 pips
Premium $25 000 0.01 1:500 1.8 pips

Clients of StartFX are offered a choice of 3 basic account types. According to the information on the broker’s website, all of them offer variable spreads, micro tradeable lots and are commission-free.

StartFX’ website is available in Georgian, Russian, English, and German.

The Company. Security of Funds

Company Country Regulation
L.A. INVEST LLC Georgia National Bank of Georgia

StartFX is a Georgian multi-asset forex broker that uses the popular MetaTrader 4 platform. It offers trading in currency pairs. CFDs on Metals, Energies, Indices, Commodities, shares and Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash) .

The company operating the brand, L.A. INVEST LLC is authorized by the National Bank of Georgia. Although there aren’t any specific regulations for forex and binary options brokers in Georgia, the National bank indeed has some supervisory functions which also cover the non-banking financial sector in the country.

Oevrall, the regulatory environment for forex brokers in Georgia is most likely better in terms of security compared to those in offshore zones. Nonetheless, it is looser than that in EU Member States for example.

Trading Conditions

Minimum Initial Deposit

In order to open an account with StartFX, one has to deposit at least $250, which average. Yet, other brokers require less: Hydra Markets (another Georgian broker) for example, requires $100 as a start.

Average Spreads & Commissions

StartFX cites as tupical a spread of 1.8 pips on EUR/USD, which is above the average for the industry and is not competitive to the current offers by some of the leading brokers.

For example, with major globally licensed brokerage IG one can trade with spreads as low as 0.6 pips on EUR/USD (and no commission fees).

The maximum leverage levels provided by StartFX are pretty high, reaching 1:500. Before using leverage ratios that high, make sure you fully understand how margin trading works. Leverage may multiply your profits, as well as your losses.

Trading Platforms

StartFX offers the ever popular MetaTrader 4 platform, however, unlike most MT4 brokers, it does not offer free demo accounts, so we could not test StartFX`s MT4.

Launched more than 10 years ago, MT4 continues to be the preferred choice for most brokers and traders. Its major advantages compared to other forex trading platforms are its reliability, the great charting package , the ability to handle a many instruments at the same time and the easy to learn coding language. The latter has led to the development of numerous new technical indicators, Expert Advisors and other useful tools .

Methods of Payment

StartFX offers its clients the following payments methods: bank wire transfer, credit/debit cards, e-Wallets Skrill, Neteller, WebMoney, and Qiwi.


StartFX is a Georgian forex broker that offers wide array of financial instruments for trade on the renown MT4 platform. It s registration with the National Bank of Georgia is hardly decent regulation, however it` s better than nothing or offshore registration. As regards StartFX’s spreads , they are not the best we have seen. Here are, in a nutshell, the pros and cons with regards to this broker:

Pros Cons
Registered with the NBG Light regulation
MT4 available Spreads above the average
Rich product portfolio, cryptocurrencies included No demo accounts
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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