Startsxraderes is a CFD broker with a domain registered on July 1, 2024. This broker mainly provides investment services in forex, cryptocurrencies, metals, energy, futures, commodities, and indices, but does not offer services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulation Status:
According to publicly available information on Startsxraderes’ website, its corporate entity is STARTRADER Limited and it claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC) with license numbers 296805 and 700455 respectively. The broker also claims to be a registered member of THE FINANCIAL COMMISSION. However, documents provided under the “Terms and Conditions” section of their website are merely images and cannot be opened.
Upon verification, ASIC's official website shows that license number 296805 corresponds to DLS MARKETS (AUST) PTY LTD, and the VFSC website shows that license number 700455 belongs to DLS MARKETS LIMITED. Furthermore, THE FINANCIAL COMMISSION does not list STARTRADER Limited as a registered member, although DLS MARKETS appears in their member directory.
It can be concluded that Startsxraderes is a clone website of DLS MARKETS, lacking a corporate entity and regulatory oversight.
Account Opening:
The account opening process for Startsxraderes is as follows: open the broker's official website, click on "Open Account" at the top right corner to enter the registration form, fill in your email address and set a password, receive a verification code via email, enter the code in the application form, and submit the form. After submission, the account will be successfully registered, but you need to complete full KYC verification before making deposits and starting trades.
Account Types:
Startsxraderes offers users two types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT:
- Trading Platform: STARTRADER
- Execution Speed: Instant Execution
- Products: Over 250 currency pairs, indices, commodities, and stock CFDs
- Maximum Leverage: 1:500
- Spreads: From 1 pip
- Trading Commission: 0
- Initial Deposit: $200
ECN ACCOUNT
- Trading Platform: STARTRADER
- Execution Speed: Instant Execution
- Products: Over 250 currency pairs, indices, commodities, and stock CFDs
- Maximum Leverage: 1:500
- Spreads: From 0 pips
- Trading Commission: $6 per round lot
- Initial Deposit: $200
Trading Platform:
Although Startsxraderes claims to provide the MT4 trading platform, it actually uses a proprietary platform. The broker is not listed on MT4, and the mobile download links provided are non-functional.
Deposits and Withdrawals:
Startsxraderes supports deposits and withdrawals via credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that Startsxraderes is a scam website of the cloned broker DLS MARKETS. It has no actual company entity or regulation, and the only contact method provided is through email. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
