Ellevest
Startrader
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Ellevest was founded in 2008 and is headquartered in USA, while Startrader was established in 2011 and is based in Hong Kong. Ellevest holds licences including Unregulated, while Startrader is regulated by Financial Conduct Authority (FCA) among others. Ellevest serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $1 at Ellevest and $50 at Startrader.
| Feature | Ellevest | Startrader |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2008 | 2011 |
| Country | USA | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between Ellevest and Startrader, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Startrader). Both brokers charge withdrawal fees. Ellevest applies inactivity fees on dormant accounts; Startrader does not. Ellevest charges deposit fees; Startrader does not. Overall, Startrader scores higher on fees in our assessment.
| Feature | Ellevest | Startrader |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
Ellevest offers MT4, MT5, cTrader, while Startrader supports MT4, MT5, cTrader. Ellevest offers a mobile trading app; mobile availability for Startrader is limited. Startrader supports social and copy trading features, which Ellevest does not offer. Ellevest edges ahead on platform breadth and functionality in our scoring.
| Feature | Ellevest | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | Windows, Android, Mac OS, iOS | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and Startrader compare. Startrader runs regular live webinars; Ellevest does not. Both provide video tutorials. Startrader publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. Startrader maintains an archive of past webinars for on-demand viewing. Startrader scores higher overall in education and research.
| Feature | Ellevest | Startrader |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Ellevest | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ellevest and Startrader offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Ellevest | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese |