Startrader
Westpac
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Overview
Startrader was founded in 2011 and is headquartered in Hong Kong, while Westpac was established in 2008 and is based in Austrailia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Startrader serves 500,000 + clients worldwide; Westpac has 10,000+. Both brokers share the same minimum deposit of $50.
| Feature | Startrader | Westpac |
|---|---|---|
| Min. Deposit | $50 | $50 |
| Regulation | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2011 | 2008 |
| Country | Hong Kong | Austrailia |
| Clients | 500,000 + | 10,000+ |
Fees
Fees are a critical factor when choosing between Startrader and Westpac, directly affecting your bottom line as a trader. Both require a minimum deposit of $50. Startrader charges withdrawal fees while Westpac does not, a notable advantage for frequent withdrawers. Westpac charges deposit fees; Startrader does not. The two brokers are broadly comparable on fee structure.
| Feature | Startrader | Westpac |
|---|---|---|
| Min. Deposit | $50 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Startrader offers MT4, MT5, cTrader, while Westpac supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | Startrader | Westpac |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5 and Web Trader | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Startrader and Westpac compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Startrader | Westpac |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Startrader accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Westpac supports 2 (bank transfer, credit/debit card). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Startrader | Westpac |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Startrader and Westpac 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 | Startrader | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese | English, and Chinese |