- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
STARTRADER review 2026: is STARTRADER legit in Kenya and South Africa?
STARTRADER is a Mauritius-based group with ASIC and FSCA licences listed and a $50 minimum on MT4 and MT5. Investing.com gives FSCA licence 52464 but not the South African company, so we are still confirming it. It is not licensed in Kenya.
- Founded2019
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAChecking
- Minimum deposit$50
- M-PesaNot confirmed
Is STARTRADER regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
Investing.com lists FSCA licence 52464 for STARTRADER but does not name the South African company. We are checking it on the FSCA register.
Source: investing.com, not yet checked on the register
Other STARTRADER group companies are supervised by ASIC (Australia), FSA (Seychelles), FSC (Mauritius). Those licences only protect you if your account is with that company.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About STARTRADER
STARTRADER lists ASIC (421210), FSCA (52464), FSA Seychelles (SD049), FSC Mauritius and the UAE among its regulators, per Investing.com. Check which company your account sits with.
Who STARTRADER suits, and who should look elsewhere
Good fit if you
- want MT4 or MT5 with a $50 start and no inactivity fee
Look elsewhere if you
- are in Kenya
- need a confirmed South African company
STARTRADER account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Standard | $50 | No commission; EUR/USD about 1.4 pips |
| ECN | Not published | From 0.0 pips plus $6 per lot round turn |
STARTRADER fees: spreads, commission and other charges
| Deposits | Free |
| Bank wire withdrawal | $25; minimum withdrawal $50 |
| Inactivity fee | None |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
STARTRADER deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- STARTRADER is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- FSCA licence 52464 listed by Investing.com; company not named.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
STARTRADER trading platforms
- MetaTrader 4
- MetaTrader 5
- STARTRADER app
Is your money safe with STARTRADER?
- ASIC for the Australian company; offshore companies for most clients.
STARTRADER pros and cons
Pros
- $50 minimum
- MT4 and MT5
- No inactivity fee
Cons
- South African company not confirmed
- Wire withdrawal fee
- Not licensed in Kenya
Our real-money test of STARTRADER
Coming
We will open a STARTRADER account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
STARTRADER withdrawal time: reports from traders
How long do STARTRADER withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at STARTRADER? Get a ready complaint letter and the right regulator contact with our complaint desk →
STARTRADER: questions people ask
Is STARTRADER regulated in Kenya?
No. STARTRADER is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is STARTRADER regulated by the FSCA in South Africa?
Not confirmed. We have not yet matched STARTRADER to an FSCA licence number, so it gets no “Visit” button for South Africa until we do. Investing.com lists FSCA licence 52464 for STARTRADER but does not name the South African company. We are checking it on the FSCA register.
Is STARTRADER regulated in South Africa?
Investing.com lists FSCA licence 52464. We have not yet confirmed the company on the FSCA register.
Sources for this review (checked 29 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.