ForexStart Review

ForexStart
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Overview

A Forex-broker ForexStart provides an individual approach to each client, a wide range of services in the world financial markets.

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Details

BrokerForexStart
Website URLforexstart.org
Founded2007
HeadquartersRussia, Moscow, Federation East Tower, floor 12, office 110
Support Number+8-800-775-65-06
Support TypesChat, phone, Skype, email
Minimum 1st Deposit1$
Minimum Trade Amount1$
Maximum Trade Amount$10,000
BonusUp to 500%
Leverage1:500
Spreadfrom 0 points
Free Demo Account Open Demo
Account TypesDemo, Micro (cent), Standard (dollar), Account in RMB
Deposit MethodsBank cards, Yandex Money, WebMoney, UnionPay, PayPal, W1, Fxstart account, etc.
Withdrawal MethodsBank cards, Yandex Money, WebMoney, UnionPay, PayPal, W1, Fxstart account, etc.
Number of Assets100+
Types of AssetsForex, currency, CFD, metals, indices
Account CurrencyUSD
US Traders Allowed No
Overall Score3/10

Full Review


A Forex-broker ForexStart appears to be the largest in terms of the number of clients and the size of the traded volumes. Being a part of Tim Group Limited, it has established itself as a reliable company providing an individual approach to each client, coming up with favorable terms of trade and a wide range of services in the world financial markets. The fact that the company is moving in the right direction is proved by a large number of traders who earn (about 87%), and do not lose money.

You’re certainly eager to know whether this company is another fraudster or not. We’ll try to answer this question here below.

ForexStart successfully operates in Russia, providing consulting and financial services in the global financial market. The first office in Moscow was opened in 2007, as by 2015, the total number of offices around the world reached 50. The company cooperates with the world market-makers, providing quality data. It offers an invest.forexstar program, which can help to get a stable income.

The broker is a fairly open company, so its official website provides actual information about successful transactions. In addition, the official website (there is a Russian version) contains information about the company, terms of trade, bonuses and contests, analytics, etc.

Among the company’s goals one should mention providing better trading conditions (low deposit size, instant execution of deals, spreads from 2 points, etc.), helping novice traders, as well as those who are unable to start earning decent money. On this platform traders can trade round the clock. They can also count on the best software, competitive trading conditions on the market, no commission for transactions, professional support service as well as a unique opportunity to independently set the size of the leverage. For traders the classical trading terminal MetaTrader 4 is available. It’s the most popular platform among traders. It allows you to conduct trading operations and technical analysis. You can also work in the web terminal MobiusTrader 6. By the way, these trading platforms have mobile versions.

 

Replenishment and withdrawal of earnings

ForexStart offers extensive opportunities for replenishment and withdrawal of funds. To replenish your trading account you require registering with the broker (the account can be opened in just 2 minutes. After this you can get down to trading. Don’t forget to deposit the required amount by choosing a convenient method of transferring funds (minimum deposit is $ 1).

To replenish your account you can utilize any of the methods presented on the website: Visa/ MasterCard, Bank (USD), LiqPay, Yandex Money, WebMoney, EasyPay, UnionPay, PayPal, W1, Fxstart account, etc.

 

Complaints on ForexStart

In the network today, one can come across many reviews about the broker, both positive and negative. On the web traders note the following advantages of this company: reliability, a profitable investment program, excellent conditions for beginners, a minimum deposit, analytics, a lot of contests with prize places, an opportunity to receive a stable income, professional technical support, different methods of withdrawal and input of funds. As a matter of fact, many traders recommend this broker, noting its terms of trade as one of the best brokers on the market.

Among the negative aspects, the most often mentioned problems include the withdrawal of funds (long withdrawal, suspended withdrawal without explanation), technical support (long processing requests, managers do not respond in the chat, staff incompetence), terminal operation (freezes, spontaneous reboot). Studying the responses of traders, we noticed that the managers of the company are actively working with reviews, they’re in correspondence with users. At the moment, there are more positive comments from traders than negative ones, and it positively characterizes the broker. However, the management of ForexStart should think about improving its service.

If there are complaints about ForexStart, we’ll certainly publish this information in social networks. Sign up to stay up to date with the news.

If we find complaints about ForexStart, we will post it on social media. Follow us to be well informed:

 

Is ForexStart a scam?

ForexStart is considered to be one of the largest companies in the broker market, successfully providing high-quality service and expanded trading opportunities. The company has been operating around the world for 10 years. It has a large base of traders, a variety of user reviews, mostly positive. It’s definitely a good thing that managers of the organization track reviews and try to fix glitches. It undoubtedly positively characterizes the broker. It’s eager to get familiar with the opinion about its service. It proves that ForexStart gives heed to the user and it’s ready to keep evolving. Besides this, the presence of prestigious awards, favorable terms of trade also increases the company’s credibility.

However, the broker does not have certification, which makes it difficult to work with it, making it less accessible to professional market players. It feels like everything possible is being done in this direction, especially if the company is going to work actively in the financial markets. ForexStart offers to in the popular Metatrader or in a convenient web-terminal MobiusTrader 6. As for mobile trading, it’s available too.

Another advantage is their informative site (including a Russian version), where materials about the company, terminals, trading conditions, training and analytical data are available. We also note constant competitions, bonuses, professional technical support, transparency – all of this causes trust, which is not observed in scammers.

Does it makes sense to ascertain that ForexStart is a scam? UP to 10 years of successful work with traders around the world, the presence of a large number of positive reviews, prestigious awards, a serious reputation prove that ForexStart is not a fraudster. To avoid problems with the broker, specify the necessary information on the rules of working with terminals, bonuses and procedure for withdrawing funds from a personal manager.

 

The broker’s regulator

At the moment, ForexStart does not have licenses and its activities are not controlled by regulators. However, the broker is certified by Global Unite Responsibility System (GURS, UK). That’s a fund created to cover claims from customers. It definitely guarantees the safety of customer deposits.

 

Bonuses in ForexStart

Each trader of the company can receive 2 types of bonuses:

1) The 500% bonus

A unique program gives an opportunity to make money on trade. When depositing funds, the trader additionally receives extra 500% on the deposit. The amount of remuneration depends on the number of lots and the type of currency pair. Detailed conditions for the bonus should be specified from the personal manager.

2) The competition “Star of Forex”: $300 to the winner

The competition is held during the week. The winner is revealed by the results of the trade – this is a trader who managed to earn more than other participants. Detailed conditions for the bonus you can specify from the personal manager.

 

Conclusion

The broker has been successfully providing services for 10 years. So, it’s deservedly considered to be one of the leaders of the industry. Offering favorable terms and high quality service for trading, a large number of contests and bonuses, the company is positively marked in the responses of traders. In addition, the broker is actively working with reviews, which positively characterizes the company.

Let’s hope that this work will continue and the company’s service will improve. However, the responses of the traders we are waiting for this review can not only change the ratings of the broker, but also warn market players of possible problems.

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