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Not Regulated
Score
1.60 /10
Danger
FOREXstart
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.73
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2026-05-07
- This broker lacks valid forex regulation. Please be aware of the risk!
- This broker has accumulated 1 negative field survey reviews on WikiFX. Please be aware of the risk and guard against potential fraud.
WikiFX Verification
| ForexStart Review Summary | |
| Founded | 2005 |
| Registered Country/Region | United States |
| Regulation | No regulation |
| Market Instruments | Forex |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.1 pips |
| Trading Platform | Mobius Trader 7, Forexstart Trader 4 |
| Minimum Deposit | $0.1 |
| Customer Support | Live chat |
| Phone: +1 (929) 265-85-48 | |
| Email: support@fxstart.org | |
| Address: New York, NY 10038, USA, 160-180 Water St, off 3416 New York, NY 10038, USA, 160-180 Water St, off 3416 | |
ForexStart Information
ForexStart is a brokerage firm registered in the United States in 2007. This brokerage firm specializes in foreign exchange trading and offers two trading platforms. The minimum deposit has reached $0.1 and it supports commission-free and more. At present, ForexStart is not subject to any regulation.
Pros and Cons
| Pros | Cons |
| 27 currency pairs | No regulation |
| Demo accounts available | Limited trading products |
| Low minimum deposit of $0.1 | Unknown payment methods |
| No commission | |
| MT4 platform | |
| Live chat support |
Is ForexStart Legit?
As of now, ForexStart is not regulated. Please be aware of the risks!
What Can I Trade on ForexStart?
ForexStart supports forex trading, with 27 currency pairs to choose from.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
ForexStart does not provide specific account types. It claims to offer demo accounts to traders. In addition, the minimum deposit for the account is $0.1.
Leverage
ForexStart offers leverage up to 1:1000. Please note that high leverage can amplify not only profits but also losses.
ForexStart Fees
ForexStart offers spreads from 0.1 pips and commission-free trading.
Trading Platform
Mobius Trader 7 and Forexstart Trader 4 are two trading platforms provided by ForexStart. They are respectively supported for use on desktops, mobile phones and web pages.
| Trading Platform | Supported | Available Devices | Suitable for |
| Mobius Trader 7 | ✔ | Desktop, Mobile. Web | / |
| Forexstart Trader 4 | ✔ | Desktop | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
ForexStart claims that there are no restrictions on deposits or the number of trading lots. The minimum deposit starts at 10 cents. However, more detailed info on deposit and withdrawal are not revealed.
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