you can already see there are lots of possible ways to start seed.
For me it depends on the species I am germinating.
Larger seeds and very easy to grow species like maple, Chinese elm, Oaks, etc just plant in any good potting soil or even straight into bonsai mix.
Smaller seed require a finer particle size or the seeds can wash deep into the soil and won't make it to the surface. I use the fines sifted from bonsai soil or a seed raising mix for these. eg Melaleuca, Callistemon, Eucalyptus, etc
For difficult to germinate and species prone to fungal infections I use a more sterile mix. Commercial seed raising mix is OK for most as it has been heat treated to kill pathogens and weeds.
A mix of peat and perlite or pumice is generally fairly inert and suitable for most seed types and can be mixed to suit your own conditions and watering regime.
Please note that commercial seed raising mixes have little or no nutrient included so it is important to start feeding seedlings soon after they emerge.
Mixes with finer particles stay wetter than the soils we are used to. Watering as for your bonsai may encourage fungal disease so adjust water as required to maintain damp but not soggy conditions. Crowded seedlings and lack of air flow also encourage damping off fungus. Sun and moving air are 2 of the best antidotes to fungal problems.