AllStars Trader -Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

AllStars Trader, a trading name of Aqua Index LLC, is allegedly a brokerage company incorporated under registered number 534-LLC-2020 and registered by the Financial Services Authority of Saint Vincent and the Grenadines, claiming to provide its clients with the industry-standard MetaTrader5 trading platform, flexible leverage up to 1:400, low spreads from 0.01 pips on a wide variety of tradable assets, especially the unique ADRIX™ indices.

Market Instruments

AllStars Trader advertises that alongside the unique ADRIX™ indices, it also offers more than 2500 sport CFDs as well as other financial instruments including forex, commodities, indices, stocks and cryptocurrencies.

Account Types

AllStars Trader offers demo and live accounts, yet we cannot find more specific information about account types without a login. Opening an account requires the minimum initial deposit amount of $10.

Leverage

Traders holding different trading assets can enjoy different maximum leverage ratios. The maximum leverage for forex, commodities and indices is 1:400, while for cryptocurrencies is 1:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

AllStars Trader claims to provide its clients with a low commission of 0.10% and spreads as low as 0.01 pips.

Trading Platform Available

When it comes to trading platforms available, AllStars Trader gives traders the worlds most widely-used Metatrader5 trading platform, as well as the Web platform and the mobile app. MT5 is known as one of the most successful, efficient, and competent forex trading software, providing advanced technical analysis tools, automated trading functions (EA) and mobile applications, as well as a user-friendly interface, allowing traders to view their orders, transactions, account details, and keep abreast of the latest market conditions. With the mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Deposit & Withdrawal

AllStars Trader accepts numerous means of deposit and withdrawal options including e-wallets of Perfect Money (2% fee), OnlineNaira (2% fee), Rupee Pay (3.25% fee), Q Pay (3.50% fee), Paytrust (1.65% fee), PayRetailers MXN (2.50% fee), PayRetailers CHP (2.50% fee), PayRetailers BRL (2.75% fee), LetKnow BTC (1% fee) and Virtual Pay (1.75% fee), and credit cards such as Visa and MasterCard (3.50% fee), as well as Bank Wire (remitting bank charges only). The minimum deposit requirement is said to be only $10. As for the processing time of deposit and withdrawal requests, Bank Wire requires 3-5 working days while other payment methods are instant.

Customer Support

AllStars Traders customer support can be reached by email: support@allstarstrader.com. Besides, you can also follow this broker on some social media platforms like Facebook, YouTube, LinkedIn, Twitter, Instagram and Facebook. Registered address: The Financial Services Centre, Stoney Ground, St. Vincent and the Grenadines.