deposit:
- $10
Trading platform:
- MT4
- MT5
- MultiTerminal
- Libertex
- Rumus
- CySEC
- 100%
deposit:
- $10
Trading platform:
- MT4
- MT5
- MultiTerminal
- Libertex
- Rumus
- CySEC
- 100%
Note!
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Summary of FOREX CLUB Trading Company
FOREX CLUB is a broker with higher-than-average risk and the TU Overall Score of 3.55 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FOREX CLUB clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. FOREX CLUB ranks 194 among 395 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Forex Club is a broker providing with the conditions of services both for the novice traders and for the professionals. The company provides services for active and passive trading.
The Forex Club broker is a well-known brand on the online investments and trading market. It has been operating since 1997. Over a hundred representative offices of the company work in Europe, the CIS countries, Asia and Latin America.
The Forex Club provides its dedicated customers with the access to trading 54 currency pairs, 72 CFD tools (oil, non-ferrous metals, stocks, indices), gold and silver, as well as bitcoin.
The Forex Club broker regularly gets international awards due to the premium quality of provided services and its own innovative solutions. According to the World Finance Award in 2012 the company received the “Best Dealing Award”; in 2016, it was awarded the title “Forex Company of the Year”. In 2018 and 2019, the Libertex platform, the company's own solution, was admitted as the “Best Trading Application”.
💰 Account currency: | EUR, USD |
---|---|
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | from 1:200 up to 1:500 |
💱 Spread: |
0 pips — Libertex; from 3 pips — Rumus; from 0.6 pips — MT4-Instant & MT5-Instant; from 0.5 pips — MT4-Instant & MT5-Instant; |
🔧 Instruments: | 54 currency pairs, 150 CFD tools (stocks, indices, metals, oil and gas), gold and silver, Bitcoin and Litecoin. |
💹 Margin Call / Stop Out: | from 20% up to 50% |
👍 Advantages of trading with FOREX CLUB:
- best trading conditions for novice traders;
- a wide range of financial tools: currency pairs, indices, futures, stocks, cryptocurrencies;
- the ability to choose the optimal leverage from 1:200 to 1:600;
- a wide range of deposit and withdrawal methods;
- always updated analytics and the informational section "Education".
👎 Disadvantages of FOREX CLUB:
- You need to register to the official website to study the affiliate program conditions;
- temporary trading terminals malfunctioning;
- there is no detailed glossary on the site.
Evaluation of the most influential parameters of FOREX CLUB
Trade with this broker, if:
- You value a regulated broker as Forex Club is regulated in multiple jurisdictions, including Cyprus and Russia, providing a level of security and peace of mind for traders concerned about the safety of their funds and the integrity of the trading environment.
- You prefer multilingual support. With Forex Club, you can receive assistance in various languages through multiple channels, ensuring that language barriers are not a hindrance to effective communication and support.
- You are budget-conscious and mindful of your trading expenses. Forex Club offers attractive terms. There are no account maintenance fees, and the minimum deposits are relatively low at just $10, making it accessible for traders with various budget constraints.
Do not trade with this broker, if:
- You seek clarity as well as rely heavily on having access to a comprehensive glossary to understand trading terms and concepts. The absence of a detailed glossary on the broker's website may be a drawback for you.
Table of Contents
Geographic Distribution of FOREX CLUB Traders
Popularity in
Top 3 FOREX CLUB Customer Reviews i
I saw the Forex Club ad by chance. The broker’s conditions seemed profitable for me. I have been trading with it for the past three years and absolutely have no compunction about choosing the Forex Club. Comfortable website and quick technical support are the unique advantages of this company. I’d like to mention the quality training that helped me when I was a novice trader.
I remember how I started. At the beginning I opened a demo account just to practice. After several months of work, I decided to open a real account. Now, Forex trading has become my primary way of earning.
Being on maternity leave I decided to try Forex trading. I’ve chosen the Forex Club broker. Now I am just copying the transactions of other traders and studying in detail all the conditions of the broker. After training I am planning to make the Forex trading my primary job. Many thanks to the Traders Union team for paying rebates. This equates to reduce materially the trading costs.
I started trading through the Forex Club about 6 years ago. Prior I worked with other brokers, but each had its own disadvantages. The quick withdrawal of earnings makes me particularly happy. Technical support specialists are always in touch and respond very quickly.
I would give the top rate to the work of the Forex Club, because this broker is suitable not only for a novice trader, but also for a professional trader.
User Satisfaction i
- Best
- Last
- Oldest
Expert Review of FOREX CLUB
Broker company Forex Club has been working in the financial market for more than 20 years. During this time, Forex Club received the status of a reliable and stable broker that provides quality service and favorable conditions for trading. The broker offers its clients different types of trading accounts that are adapted to the needs of both novice traders and experienced large investors. Forex Club is a universal company recommended for cooperation by a wide range of traders.
Forex Club offers more than 100 trading instruments on the financial market — Forex, CFDs, and cryptocurrencies. The company provides its clients to work through the most popular trading terminals, MT4 and MT5, as well as through terminals of its development — Libertex and Rumus.
Numerous reviews about Forex Club lead to the conclusion that, in general, the broker's clients have many standard questions resolved by the company's representatives quickly and promptly. As for severe claims against the broker, there were no such complaints. Forex Club regularly receives top positions in the Rating of Forex brokers.
Latest FOREX CLUB News
Dynamics of FOREX CLUB’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Forex Club is a broker for active traders and investors who want to get the passive income. The broker offers the optimal conditions for investment portfolios such as average profitability when choosing moderate strategies and minimal financial risks. The most popular services for extra income are Alpha trading systems, robotic bots, investment programs, as well as an affiliate program.
Alpha & Alpha + counselor — the Copy Trading services
Forex Club and Libertex members get recommendations based on successful trading practices. After subscribing to the trading signals newsletter, tips (signals) about profitable deals arrive in the mail. Further, you should just open/close transactions in the terminal, following the tips. Service Features:
free subscription;
average profit — 32%;
risks are minimized.
Alpha system is an independent trading tactics, combined into the unified investment portfolio of strategies to minimize drawdowns and to stabilize profits.
“Nobel portfolio” — the Forex Club investment platform
The "Nobel portfolios” trading system is built on the principles invented by Harry Markowitz, a Nobel laureate in economics.
The trader can independently choose the investment scenario among aggressive, moderate or conservative.
Data on current returns are updated on a dailyon daily basis.
Free access to additional signals from portfolio optimization experts.
Full informational support from Forex Club analysts.
Investment portfolios based on trading instruments for which the highest return is expected are formed by Forex Club experts once a year.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Forex Club affiliate program
The affiliate program allows traders to earn additional income for new customers attracting. The fee is paid by the broker:
“Revenue sharing” — a partner gets up to 40% of the gross income of the attracted traders who have registered through the web terminal;
“Referral program” — 5% of the attracted client's revenue. The remuneration is paid lifelong.
Trading Conditions for FOREX CLUB Users
Forex Club offers traders to work on Forex with the most favorable market conditions. The main advantage of the broker is the zero size of the minimum deposit. Different types of accounts allow you to trade with leverage from 1:200 up to 1:500. The stop-out level is from 20% to 50%, depending on the type of trading account.
$10
Minimum
deposit
1:500
Leverage
24/7
Support
💻 Trading platform: | МТ4, МТ5, Rumus, Libertex, mobile application, MultiTerminal |
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📊 Accounts: | Demo, Libertex, Rumus, MT4-Instant, MT4-Market, MT5-Instant, MT5-Market, |
💰 Account currency: | EUR, USD |
💵 Replenishment / Withdrawal: | VISA/Mastercard/Maestro, QIWI, WebMoney, Yandex.Money, Skrill, Moneta.ru, Neteller, Alfa-Click, Promsvyazbank, Qiwi terminals, banking transfer of currency, mobile payments via Megafon, МТS, Beeline, Tele 2 |
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | from 1:200 up to 1:500 |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0.01 lot |
💱 Spread: |
0 pips — Libertex; from 3 pips — Rumus; from 0.6 pips — MT4-Instant & MT5-Instant; from 0.5 pips — MT4-Instant & MT5-Instant; |
🔧 Instruments: | 54 currency pairs, 150 CFD tools (stocks, indices, metals, oil and gas), gold and silver, Bitcoin and Litecoin. |
💹 Margin Call / Stop Out: | from 20% up to 50% |
🏛 Liquidity provider: | Commerzbank, Credit Suisse, HSBC, J.P. MorganChase, Nomura Bank, Kraken, Poloniex, itBit, GDAX, BITFINEX |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Instant Execution, Market Execution |
⭐ Trading features: | Guaranteed interest rate of 9, 10 or 12% per annum when replenishing a deposit in the amount of $ 5,000 or more; Algorithmic trading using robotic bots; Cryptocurrency trading. |
🎁 Contests and bonuses: | Welcome bonus in amount of 100% on your account, withdrawal fee compensation |
Comparison of FOREX CLUB with other Brokers
FOREX CLUB | RoboForex | Exness | FxPro | AMarkets | Gerchik&Co | |
Trading platform |
MT4, Libertex, Mobile Apps, MT5, Rumus, MultiTerminal | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5, AMarkets App | MetaTrader4, MetaTrader5 |
Min deposit | $10 | $10 | $10 | $100 | $100 | $100 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
From 1:1 to 1:100 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.1 points | From 0 points | From 1 point | From 0 points | From 0 points | From 0 points |
Level of margin call / stop out |
20% / 50% | 60% / 40% | No / 60% | 25% / 20% | 50% / 20% | 100% / 50% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
FOREX CLUB | RoboForex | Exness | FxPro | AMarkets | Gerchik&Co | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | Yes | No | Yes | Yes | Yes | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | Yes | Yes | No | No | No | Yes |
Options | No | No | No | No | No | No |
FOREX CLUB Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Libertex | from $0 | Yes |
Rumus | from $30 | Yes |
MT4-Instant | from $6 | Yes |
MT5-Instant | from $6 | Yes |
MT4-Market | from $5 | Yes |
MT5-Market | from $5 | Yes |
There is a floating commission for shifting transactions to the next day (swap). The size depends on the market situation.
Traders Union analysts conducted a comparative analysis of the main commissions of the Forex Club with its closest competitors. Brokers are assigned a certain level - from low to high depending on the size of trading commissions.
Broker | Average commission | Level |
FOREX CLUB | $8.6 | High |
RoboForex | $1 | Low |
Pocket Option | $8.5 | Medium |
Detailed Review of Forex Club
Forex Club broker is one of the leading companies providing services in the Forex market. Clients are able to trade with 54 currency pairs, shares, indices, metals, gas, oil, and cryptocurrencies. Forex Club developers have created a unique Libertex online platform, as well as turnkey solutions for trading grassroot.
A few figures that could be interesting for traders choosing a broker:
-
over 30 international awards for the trading terminals innovations and achievements in the field of financial analytics;
-
over 100 representative offices are open around the world;
-
creating of more than 50 effective training courses and writing several financial bestsellers, which are translated into many world languages;
-
more than 20 years on the World market.
Forex Club is the best broker for active and passive investment
Forex Club is a reliable broker providing traders with optimal trading conditions. The company offers several types of accounts: Libertex, MT4-Instant, MT5-Instant are for novice traders; MT4-Market, MT5-Market are for professionals, and Rumus is for those who are searching for alternative trade options.
A special Libertex platform has been developed for Forex Club customers, and it was awarded with the Best Trading Terminal Award according to Forex Expo 2014. Convenient functionality makes it easy to study the history of the asset’s dynamics, add many indicators to the chart, work with graphic elements, delete them from the chart in a single-click ease, compare data, change expiration, choose assets, etc.
Traders registered with a broker can open accounts through the popular MetaTrader 4 and MetaTrader 5 platforms. Forex Club customers can simultaneously use several accounts opened at different terminals.
Useful Forex Club services:
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online terminal to trade without downloading;
-
Forex charts online. Information on currency quotes is displayed in real time;
-
Trading Central. Analytics from Trading Central, a recognized leader in the field of financial markets investment analysis;
-
market calendar. Data on economic events marked with expected volatility.
Advantages:
over 100 trading instruments for trading currency pairs, futures, stocks, stock indices and cryptocurrencies;
average spread. There are accounts with a fixed spread and without one;
free access to popular trading terminals and own developments such as Libertex and Rumus platforms;
compensation of the commission of payment systems with bonus funds;
algorithmic trading using robotic bots is available;
accrual from 9% to 12% per annum on a deposit;
there are sections with free analytics and the latest currency and stock market news on the website.
The Forex Club company works with reliable liquidity providers who provide the customer with premium quality service and accurate quotation information. The broker works with First Derivatives plc (FD), a leading software and consulting services provider. Thanks to the Delta Flow trading technology introduction, the feature of which is the use of the Direct Bank Access (DBA) model, broker's clients get the best quality of transactions, spreads and pricing.
How to Start Making Profits — Guide for Traders
Forex Club offers several types of accounts to choose from.
In order to thoroughly test the trading conditions and functionality of the available platforms, you can open a free demo account with a broker. After mastering the basic principles of work, open a trading account, replenish your deposit and start trading.
The Forex Club broker offers several types of accounts for its clients. Their conditions make it possible to engage in active and passive trading not only professionals, but also for novice traders in the Forex market.
Investment Education Online
The International Academy of Investments and Trading from Forex Club is one of the first business schools for traders in the Forex market. The program consists of over 40 courses and is accredited by the state. After passing the basic course of the Academy, its graduates get a special document on advanced training or a certificate of completion of the courses.
There are three types of training programs are available for traders: “For Novice Traders”, “Advance Training” and “Individual Program”. There are three formats of classes: full-time, part-time and independent study.
The broker's website has an analytical section with tools that will be of interest not only to novice traders, but also to professionals.
The information presented in the "Training" section is helpful for traders of different levels because it consists of many courses (more than 40), which differ in complexity and depth. Forex Club took care to interest not only beginners but also professionals with trading experience in Forex who want to improve their knowledge and qualifications.
Security (Protection for Investors)
Forex Club International Limited is a legal entity registered in the state of Saint Vincent and the Grenadines, in the territory of which there is no requirements as for the license to carry out brokerage activities. Now, CySEC (164/12) — the Cyprus Securities and Exchange Commission is the official regulator.
CySEC is an international regulator operating in accordance with the laws of the European Union. The regulator strictly controls the activities of brokers who providing financial services. This guarantees information transparency and protection of interests to all the Forex Club customers.
On February 26, 2016, Forex Club joined the International Finance Commission. Only reliable companies with a long history of successful work can become its members.
👍 Advantages
- Clients’ accounts are maintained in accordance with the requirements of the regulator.
- The customer is protected from negative balance
- Independent arbitrator deals with disputes
👎 Disadvantages
- The regulator does not consider the claims of traders with minor amounts
Withdrawal Options and Fees
Withdrawal in Forex Club:
-
Forex Club broker makes an instant withdrawal of money when the trader submits the corresponding application. The number of requests is unlimited. The commission fee depends on the chosen electronic payment system.
-
25 options for depositing and withdrawing funds are available: VISA/Mastercard/Maestro, QIWI, WebMoney, Yandex.Money, Skrill, Moneta.ru, Neteller, Alfa-Click, Promsvyazbank, Qiwi terminals, banking transfer of currency, mobile payments via Megafon, МТS, Beeline, Tele 2;
-
When withdrawing to e-systems, money is credited instantly. Withdrawal to bank cards and by bank transfer takes 2-5 business days.
Withdrawal currencies — EUR, USD, RUB.
Customer Support Service
Broker’s Customer support staff respond to customer questions on a 24/7 basis. Dealing department works 24/5:
Working hours during the summer time in the USA — from 9:00 PM GMT Sunday to 9:00 PM GMT Friday;
Working hours during the winter time in the USA — from 10:00 PM GMT Sunday to 9:00 PM GMT Friday.
👍 Advantages
- Online chat and phone support
- Support is available in 6 languages.
👎 Disadvantages
- Finance department does not work on weekends
There are several ways to contact Customer support:
-
by phone numbers indicated on the site;
-
request a call back;
-
in online chat via social networks;
-
via feedback form.
Contacts
Foundation date | |
Registration address | The Financial Services Centre, P.O. Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines |
Regulation |
CySEC |
Official site | https://www.fxclub.org/ |
Contacts |
Email:
support@fxclub.org,
Phone: 8-800-2002-600 |
Review of the Personal Cabinet of Forex Club
To start working on the Forex exchange through the Forex Club broker and save on the spread with Traders Union help, you must follow these steps:
Step 1. Register on the Traders Union site and follow the affiliate link to the Forex Club broker website. Click the "Registration" button on the main page and open an account after choosing a trading terminal.
Step 2. Log in to the system. Specify the username (email address) and password to do this. Registration is considered completed after e-mail confirmation.
The following is available in the Forex Club personal account:
Section “My accounts” with information on the available balance and internal transfers between accounts.
Information on the bonuses available.
There are also many other useful functions and features:
the “Reports” section with information on all transactions performed and the payment history;
information about company news and current promotions;
available services — indicators, ready-made investment solutions;
educational section with the latest Forex analytics and news;
online-chat — the ability to ask a question and post a claim.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
User Reviews of FOREX CLUB i
Register on the website and sign in to submit a review about your experience of working with a broker. Everyone is welcome to post a review.
Articles that may help you
FAQs
Do reviews by traders influence the FOREX CLUB rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FOREX CLUB you need to go to the broker's profile.
How to leave a review about FOREX CLUB on the Traders Union website?
To leave a review about FOREX CLUB, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about FOREX CLUB on a non-Traders Union client?
Anyone can leave feedback about FOREX CLUB on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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