ForexStart Quick reference
The company informs about itself that it has been operating since 2007 and is a representative of Profiforex Corp in the Russian Federation. It specializes in Forex trading and consulting services but is not limited to these services.
- binary options.
Trading conditions and accounts
The work is carried out through the classic Metatrader 4 platform, no other options are offered.
There are no types of accounts familiar with other companies' offers. A client just registers, deposits the sum in the amount that is interesting to him/her and trades in the way the deposit allows. The broker announces the possibility of making transactions with the amount of 10 US cents in the account.
You can register a cent, dollar or demo account.
By announcing the minimum spreads, the company emphasizes that the offer is available only during the hours of the highest market activity.
They have fixed commission: 0.3 pips per trade. Forex Start assures that there are no other or even more hidden commissions.
All details can be found in the section "Terms of trade" in the form of large tables.
ForexStart lists its advantages
- Democratic entry threshold: deposits and trading lots are available from 10 cents.
- Spreads from 2 pips.
- Two-minute account opening "without unnecessary bureaucracy."
- Fast execution of transactions.
- The impossibility of getting in a negative balance.
- The opportunity to use any advisors and an unlimited number of indicators.
- Bonus program with monthly accruals depending on turnover.
Forex Start features
The company also has special features that are rarely seen among brokers.
- Keeping customers' money in segregated accounts, separately from the company's funds for maximum security, is allocated as a separate service. It is available with a minimum deposit of $ 100,000.
- On the website homepage the company announces for customers the opportunity to independently choose the amount of leverage. It may be up to 1: 500 but at the special request of the client.
- The ability to transfer positions to the next day for a SWAP fee - it gives the opportunity to receive bonuses for open positions.
Money withdrawal from ForexStart
The company assures that it does not charge a withdrawal fee, but it can be deducted by payment systems selected by the client. The minimum threshold for withdrawal undeclared.
A fairly wide selection of options is offered: the same set for debiting and withdrawal. It is more convenient to see the full list on the screen:
Conclusion about Forex Start
We were unable to find the following important data on the site:
- registration certificate,
- broker license,
- confirmation of the declared trade experience since 2007.
It has an unpleasant feature: there is no telephone technical support, only email and Internet chat are offered.
The information on the site is rather disorganized. In such cases we recommend that you carefully read the documents and understand that cooperation carries potential risks.