ForexStart
Reviews 10
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1.8
Unverified company
forexstart.org
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ForexStart broker provides an individual approach to each client, a wide range of services in global financial markets.
Binary options broker
Website
Social media
Date of foundation
2007
Head Office
New York, NY 10038, USA, 160-180 Water St., off. 3416
The owner of the company
Profiforex Corp.
Types of support
Office
Chat
Feedback form on the site
Forum: http://forum.forexstart.org
Vkontakte
Classmates
Facebook
Support by phone
Languages
Russian, English, Ukrainian, Romanian, Chinese, Vietnamese
Terminals
WebTrader, MobiusTrader 7, MetaTrader 4 (PC, Web, Mobile)
Liquidity providers
UBS, Credit Suisse, J.P. Morgan, Barclays, Goldman Sachs, Citigroup, Bank of America, Deutsche Bank AG
Min. first deposit
From 1 USD
Broker fee
0.3 points per transaction
Bonuses
Payments
To 100 %
Free Demo Account
Adjustable
Yes
Regulators
GURS
Types of accounts
Methods of replenishment
Perfect Money, Qiwi, Skrill, UnionPay, Webmoney, Cryptocurrencies, Bank Card (Visa/MC/MIR), Mobile Payments, etc.
Withdrawal methods
Perfect Money, Qiwi, UnionPay, Webmoney, Cryptocurrencies, Bank Card (Visa/MC/MIR), etc.
Number of assets
100+
Types of assets
Binary options
Currency pairs
CFD
Indexes
Precious metals
Account currencies
USD
Expiration
From 30 seconds to 5 minutes
Mobile Trading
Has mobile apps (iOS / Android)
Weekend trading
Yes
Tournaments / contests
8 contests with cash and other prizes
Trader training
Indicators, textbooks, dictionaries, trader's guide, etc.
Affiliate Program
Registration3 forms of cooperation with a broker
Benefits
Company Reliability
A profitable investment company
Good conditions for beginners
Analytics and training
Professional technical support
Convenient deposit and withdrawal
Contests and bonuses
Demo account
Affiliate Program
Disadvantages
Problems with the withdrawal of earnings
Terminal freeze
Company requisites
Date of update
20.04.2022
Overall assessment
7.4/10

    ForexStart is it a scam? Reviews and description

    17 August 2017

    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.

    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.

    Ease of trading
    34%
    Withdrawal speed
    36%
    Payout Percentage
    38%
    Customer Service
    34%
    1.8

    Отзывы

    • Good evening dear readers. ForexStart forex broker...

      Good evening dear readers. ForexStart forex broker sucks (crap). Do not feed them with your money. Then their f-ing take it off. Do not deposit your trading account with them!

      Reply to this review
      2.5
    • Hello dear readers, traders. I want to...

      Hello dear readers, traders. I want to tell you about the brokerage company Forexstart. At the beginning I thought it was a good and reliable company. A very convenient trading terminal — Mobius Trade 7. I have a good user-friendly interface. Of course, it is very comfortable to work there. I was working on the investment program, which consists of several stages. I thought I would have no problems to withdraw my honestly earned money. As it turned out, it was not like that. I wanted to withdraw my honestly earned money. I requested withdrawal of my funds and I am still waiting for the withdrawal. All these rules do not allow me to withdraw my earnings. No response to my letters. Zero reaction, full fraudulent brokerage company. Never try to work with them, don’t fund your account with this company. I have wasted so much of my valuable time and health on them. On their fucking (pardon my expression) investment program. Here is my advice to you, based on my experience. «DO NOT CONTACT FOREXSTART!!!!!! UNDER ANY CIRCUMSTANCES.» They are scoundrels ….

      Reply to this review
      1.8
    • The scammer is 100% Never give them...

      The scammer is 100% Never give them money, they are bandits.

      Reply to this review
      1.5
    • You can't take the fucking money out

      You can’t take the fucking money out, it doesn’t help the fucking problem.
      Yes, my dears!

      Reply to this review
      2.5
    • The account 180109.Worst broker of all. I...

      The account 180109.Worst broker of all. I made a deposit of 2200 dollars to this company 2 years ago. they took out a couple of hundred, lost a bit, now the account has 1042 dollars that they don’t want to give back. Just a reminder that this 1042 is part of the deposit without a cent of profit. I read above that it is regulated by Gurs. do not believe it. I turned, they are also employees of this company . Do not trust your money to this company .Look on the website of the regulator Gurs , they have several companies where you also cannot get your deposit back . FxStart is a fraudulent broker

      Reply to this review
      1.5
    • I have been working in this field...

      I have been working in this field for quite some time now, and I find Expertoption quite convenient to work with

      Reply to this review
      2
    • Attention! We publish negative reviews only if...

      Attention! We publish negative reviews only if you specify your account number. First write your account number, then the claim.

      Reply to this review
      1.8
    • FxStart is a scam broker. For the...

      FxStart is a scam broker. For the 4th month they don’t withdraw my money. Account. 180280. I don’t get any letters from support and financial department. Just try to walk away from this fake broker.

      Reply to this review
      2
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