ForexStart Journal

Journal status: live
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ForexStart Profile
Year
2007
Country
Russia
Branches
3
Regulation
not regulated
Investor protection
Fund protection
Gurs-fx.com
Publicly traded
no
Restricted countries
Not serving
...
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
8
LPs quality
Tier-1 Banks
LPs names
Bank of America, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, UBS

ForexStart Accounts
MM
DMA
Minimum Deposit
1 $
1 $
Leverage
1000 : 1
200 : 1
Minimum Lot
0.00001 lots
0.0001 lots
EURUSD spread
0.1 pips
0.1 pips
Commission
0 $/lotRT
6 $/lotRT
Volume
...
...
Margin Call
...
...
Stop Out
15 %
15 %
Execution
Instant
Market
Spread
floating
floating
Scalping
yes
yes
Update broker

Is ForexStart safe?

  • Investor protection: Gurs-fx.com
  • Regulation: not regulated
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is ForexStart trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • ForexStart website: semi-detailed, updated ★★★
  • ForexStart popularity (by visitor count): low visits ★★

How ForexStart works

3.21 Execution of transactions based on inter-exchange quotes. Some orders are not executed between clients, but are sent to the external market - where we change funds in the inter-exchange market. This primarily applies to conventional currencies. The client acknowledges that his inter-exchange quotes transactions must be executed at real market prices.

8.6 When trading fiat currencies, the prices in the Forex market are the prices provided by the world market maker banks. The most authoritative are the quotes of Deutschebank and Citibank. In general, the Client is entitled to a claim using Dukascopy quotes or Reuters quotes.

6.6 The Company will always hold your funds separately from its corporate funds, will not use your funds for its operating expenses or any other corporate purposes, and will not voluntarily provide funds to its creditors in the event of bankruptcy or for any other purpose.

4.5. If, after the forced closing, a negative balance remains on the Client's account, compensation is credited to the trading account, due to which the balance is brought to zero.

https://www.forexstart.org/static/ForexStart_Client_Agreement_en-e0e679b3189256e641eaf1ce918294f4.pdf

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