STARTRADER broker Accounts

startrader Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: startrader Account Types Overview

startrader Account Types Explained

Startrader offers a variety of account types to cater to different trading needs and preferences. Heres a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, CFDs on stocks, indices, commodities, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Islamic Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Similar to Standard Account; no swaps.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Same as Standard Account.

4. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as Standard Account.

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account.
• Intermediate Traders: Standard or Islamic Account.
• Advanced Traders: ECN Account for better trading conditions.

Part 2: startrader Account Features Comparison

Detailed startrader Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $50

• ECN: $500

• Islamic: $50

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro, Mini, Standard

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• All accounts: MetaTrader 4 (MT4), MetaTrader 5 (MT5).

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Islamic: Yes

• Demo: N/A

• Demo Account Features:

• Virtual balance, access to all trading instruments, same trading conditions as live accounts.

Advantages and Disadvantages of Each Account Type

Standard Account:

• Advantages:
• Low minimum deposit.
• No commission fees.
• High leverage.
• Access to a wide range of instruments.
• Disadvantages:
• Higher spreads compared to ECN accounts.

ECN Account:

• Advantages:
• Tight spreads.
• Direct market access.
• Suitable for high-frequency trading.
• Disadvantages:
• Higher minimum deposit.
• Commission fees apply.

Islamic Account:

• Advantages:
• Complies with Islamic finance principles.
• No interest fees.
• Similar features to Standard Account.
• Disadvantages:
• Limited to traders seeking Sharia-compliant options.

Demo Account:

• Advantages:
• Risk-free trading environment.
• Practice with virtual funds.
• Access to all trading instruments.
• Disadvantages:
• No real financial gains.

Part 3: startrader Account Opening Requirements

startrader Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under sanctions or with specific regulatory restrictions.

Identity Verification Documents Needed

• A valid ID document (passport, national ID card, or driver's license with photo).
• Proof of residence (utility bill, bank statement, or tax document).

Additional Documentation for Professional Accounts

• Depending on the account type, additional financial documentation may be required.

KYC/AML Compliance Procedures

• Startrader adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring identity verification before account approval.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: startrader Account Opening Process

Step-by-Step startrader Account Opening Guide

1. Visit Website and Click Registration: Navigate to the Startrader homepage and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and country of residence.
3. Choose Account Type: Select the account type you wish to open (Standard, ECN, or Islamic).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the Startrader team.
7. Fund Your Account: Once approved, log in and make your initial deposit.
8. Start Trading: Begin trading with your new account.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure documents are clear, not blurry, and meet the specified requirements.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Traders can request to change their account type through the customer support portal after logging into their account.

Part 5: startrader Demo Account Information

startrader Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Allows traders to familiarize themselves with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for live accounts, selecting the demo account option.

Demo Account Limitations

• Virtual funds are provided, and no real financial gains can be made.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or similar.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require a minimum deposit and involve actual trading.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a limited time, often up to 30 days, but can sometimes be extended upon request.

Part 6: startrader Islamic Account Details

startrader Islamic Account Details

Swap-Free/Islamic Account Availability

• Startrader offers Islamic accounts that comply with Sharia law, ensuring no interest fees are charged.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts have similar features to Standard accounts but do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited leverage or different spreads.

FAQs – startrader Account Types & Opening

1. What account types does startrader offer？

• Startrader offers Standard, ECN, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $50, ECN: $500, Islamic: $50, Demo: N/A.

1. How long does startrader account verification take？

• Verification typically takes 1-3 business days.

1. Does startrader offer demo accounts？

• Yes, Startrader provides demo accounts for practice trading.

1. Can I have multiple account types with startrader？

• Yes, traders can open multiple account types.

1. Does startrader offer Islamic/swap-free accounts？

• Yes, Startrader offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a startrader account？

• A valid ID document and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.