ForexStart was launched in China in 2007 to provide their global clientele with unhindered access to the financial markets. The trading broker provides traders with different platforms for trading multiple financial assets, including forex, binary options, cryptocurrency, metals, CFDs, and more. They make available some useful trading and learning tools and offer a client support team to assist traders. Over the years, the broker has been honoured with multiple industry awards, including the ALI FX Best Services 2010, ALI FX Best Web Trader Platform 2011, and Best Video Education Centre 2012, and more.
ForexStart Review Introduction
In this ForexStart review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ForexStart.
ForexStart Platforms & Tools
Trades are executed on the MetaTrader 4 trading platform, which is a powerful trading platform that was launched in 2005 by a Russian software company, MetaQuotes. It is a platform of choice for many forex and CFD traders owing to its user-friendly interface and complex trading functionalities, including one-click trading, automation of trades via expert advisors, and more. The MT4 trading platform is available as a desktop application for Windows and Mac computers; WebTrader that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile app that is designed for Android and iOS devices. The mobile app can be freely downloaded from the relevant app stores and used to place trades and check their trading positions from anywhere, once there is an internet connection.
The broker also provides the MobiusTrader 7 trading platform, which is available in desktop, web, and mobile versions. The platform is built with several trading tools, such as interactive charts, an intuitive interface, and support for all types of execution, to ensure a hitch-free trading process.
Traders are also provided with some additional trading tools to enhance their trading experience. These include Virtual Private Server (VPS), multiple technical indicators, and more.
ForexStart Research & Education
The broker’s website is loaded with several educational resources to help improve clients’ trading skills and knowledge. They include market news, webinars, a trading dictionary, and an FAQ section that answers some of the most common questions that traders may have.
ForexStart Trading Accounts
Traders are allowed to choose the account type that best suits their individual trading needs from a choice of two trading account options, namely: Cent and Dollar Account. The minimum deposit required to operate a live trading account is $1. Demo accounts are provided for practice purposes.
ForexStart Account Funding
The following payment methods are accepted at ForexStart: bank transfers, credit/debit cards, electronic payment processors, and cryptocurrency.
ForexStart Customer Service
Traders’ inquiries are directed to a multilingual client support team that can be reached via telephone and email.
There is no regulatory information on the broker’s website at the moment. This can be seen as a warning sign to potential traders and investors who are looking to open an account with them.
ForexStart Review Summary
ForexStart is a Chinese trading broker that provides traders with the MT4 and Mobius7 trading platform for trading several financial instruments online. Traders are provided with educational resources and trading tools, while a client support team is available to assist them. However, the broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this ForexStart review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the ForexStart broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.