ForexStart Review Review
This broker is owned by Tim Group Limited. ForexStart started its activity in 2007 providing traders with 24/5 FX trading services. The company works via a wide range of liquidity providers including Deutsche Bank, Citi, Goldman Sachs, Barklays, Credit Suisse, etc.
How to get started?
The first step you have to do before placing orders is to create your own account. To do this you need to click on Open an account button and proceed according to the instructions. Once this step is done, every new trader has to deposit funds to start trading.
There is a wide range of funding methods that you can easily find on the official website of the Forex broker. Here you can use electronic payment methods, bank transfer, and cards, cryptocurrencies, etc. Once your account has at least 10 US Cents, you can start trading.
What’s next? You can choose one of three ways of developing your trading career:
- Download a trading platform and start placing orders.
- Use a demo account in order to improve your trading skills or taking a glance at the terminal you will use during your real money trading activities.
- Choose a trader to start PAMM investment.
Once you decide to withdraw your profits, you can do the following:
- Apply for withdrawal.
- Choose any method available on the website.
- Wait until your application is done.
Trading platforms, education, Affiliate programs, and PAMM
ForexStart offers Metatrader as a basic trading terminal for the clients. There are different versions of the platform for different types of OS including mobile operating systems.
As for the education, ForexStart provides traders with almost nothing in this segment giving them a couple of videos and articles on FX trading and MT trading platform. Almost all the sections within the Education menu are blank meaning they may be filled later. However, the range of education materials is poor at the moment.
There are free webinars for all the clients of ForexStart providing you with basic information about trading and terminals. However, they are not covering some advanced subjects on trading secrets, strategies, etc.
Like many of its competitors, ForexStart offers a bonus program to the clients. You can get up to $80 for a lot. Apart from this, any client may take part in multiple contests that the broker holds from time to time. Prizes funds are low, but this is compensated by the wide range of offers.
All those traders who want to diversify their portfolio or are not sure in their skills may use PAMM services, provided by ForexStart. You can become both an investor or trader depending on your skills. ForexStart provides investors with a very detailed traders’ rating list and a special filter to facilitate search procedure.
Binary options
This kind of financial derivatives is still popular among traders as they are looking easier than standard CFD trading. ForexStart offers a classic Up or Down Binary options trading opportunities. For those who have forgotten or never used those instruments, here is a brief guide on them. By choosing BO, you need to:
- Choose an underlying asset (currency pair, stock, commodity).
- Forecast the direction of a trend.
- Choose the expiry time or date.
- Purchase a Binary option or sell it depending on your forecast.
Forex, PAMM trading, Binary Options, wide range of Bonus and contests
