SHD--Overview of Minimum Deposit, Leverage, Spreads

General Information

Established in 2000, Starhonor Development Limited is an online forex broker registered in Australia. This company opend its US branch in 2009 to provide brokerage services to clients. And in 2015, its business coverage expand to Shanghai, China. In 2019, Starhonor Development Limited developed an online trading platform, and in 2020, its Hong Kong office was set up.

Starhonor Development Limited offers its clients access to the worlds most trading platform-MT4, Starhonor Development Limited offers leverage up to 1:400, as well as 24x7 customer support.

Regulatory Details

Starhonor Development Limited is authorized by Australia Securities and Investment Commission (ASIC), with Regulatory License No. 001293841.

Market Instruments

An array of trading instruments including foreign exchange, precious metals (gold and silver) are available through the brokerage platform.

Account Types

Traders who want to invest with are given the choice between Individual and Corporate accounts. To open an account, you need to fill out information listed below, and wait for their Starhonor Development Limited approval.

Spreads

Starhonor Development Limited listed its spreads on spot gold and spot silver, with spot gold $0.50 per ounce, spot silver $0.50 per ounce. While spreads on other instruments are not disclosed.

Trading Platform Available

Starhonor Development Limited offers its clients access to the leading trading platform-MetaTrader 5. The MetaTrader5 platform is suitable for your skill level and trading approach, regardless of whether you are an experienced trader or just starting out. The platform provides users with sophisticated tools for technical analysis, automatic trading capabilities (EAs), and mobile applications, all of which are utilized by millions of traders all over the world. Traders are also able to examine their orders, trades, account details, and keep up to date with the most recent market circumstances thanks to the intuitive user interface that is provided by the platform.

Trading Tools & Resources

Aside from trading tools, Starhonor Development Limited also offers a series of trading tools and resources including Foreign Information, Trend Predication, Economic Calendar and Financial News to help its client go deeper in the forex market.

Deposit & Withdrawal

Starhonor Development Limited allow its clients to make a deposit and withdraw through Bank Transfer and a series of e-wallet processors. However, more information on service fees and processing time are not disclosed everywhere.

Customer Support

Starhonor Development Limited promises that it offers clients with any trading-related issues access to its 24 x 7 online customer care through the following channels:

Telephone: 0085237560195

Email: info@starhonorasia.com

Trading Hours

Trading hours: Every Monday from 8:00 am to Saturday 4:00 am.

Typically, after 20:30 on each trading day, it is mostly during the release of US economic data. The market volatility is the largest, followed by 15:00 and 00:00 are also relatively active trading hours.

Please note that Tuesday to Friday from 4:00 to 4:20 am is the settlement time, and Saturday from 03:00 (summer day) to 04:00 (winter day), trading closed.