Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FOREX CLUB Pros & Cons
- 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 up to 1:1000;
- a wide range of deposit and withdrawal methods;
- always updated analytics and the informational section "Education".
- 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.
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 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”.
TU Expert Verdict
FOREX CLUB demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
FOREX CLUB User Reviews
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5-star
21%
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4-star
5%
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3-star
64%
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2-star
7%
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1-star
2%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of FOREX CLUB have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- Tight EUR/USD market spread
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FOREX CLUB with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FOREX CLUB’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FOREX CLUB Standard spreads FOREX CLUB OANDA IG Markets EUR/USD min, pips 0.2 0.1 0.6 EUR/USD max, pips 1.5 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.6 GPB/USD max, pips 1.5 0.5 1.5 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FOREX CLUB RAW/ECN spreads FOREX CLUB OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 2.3 EUR/USD avg spread 0.1 0.15 0.8 GBP/USD avg spread 0.2 0.2 1 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FOREX CLUB. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FOREX CLUB Non-Trading Fees FOREX CLUB OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-1 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0.8-2.5 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 10 0 0 -
Is FOREX CLUB Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.7 /10FOREX CLUB has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 29 years
- Not tier-1 regulated
FOREX CLUB Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level The Financial Commission
Full Name The Financial Commission Country of regulation International Investor Protection Fund Up to €20,000 Regulation Level Tier-3 FOREX CLUB Security Factors Foundation date 1997 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.1 /10FOREX CLUB offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Forex account with Micro lots
- Swap Free (Islamic) account
- No Cent account
FOREX CLUB account types vs top competitors FOREX CLUB Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro YesNoYesSwap Free YesNoYesVIP YesNoNoManaged NoNoNoFOREX CLUB accounts trading conditions
Forex Club offers several types of accounts to choose from.
Account Type Description Libertex is an account that allows you to work without paying a spread using over 100 financial instruments. Market execution of orders and a maximum leverage of 1:999 are the key features; MT4 account with a minimum lot size of 0.01 of lots and market execution of orders. Spread — from 0 pip; MT5 account with a minimum lot size of 0.01 of lots and advanced features of MetaTrader 5 platform. Spread is 0 pips. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10FOREX CLUB received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FOREX CLUB provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bitcoin (BTC) accepted
- USDT (Tether) supported
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Deposit fee applies
- Only major base currencies available
- BTC not available as a base account currency
What are FOREX CLUB deposit and withdrawal options?
FOREX CLUB provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
FOREX CLUB Deposit and Withdrawal Methods vs Competitors FOREX CLUB Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are FOREX CLUB base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FOREX CLUB supports the following base account currencies: USD, EUR.
What are FOREX CLUB's minimum deposit and withdrawal amounts?
The minimum deposit on FOREX CLUB is $100, while the minimum withdrawal amount is $20. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FOREX CLUB’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10FOREX CLUB offers a limited selection of trading assets compared to the market average. The platform supports 126 assets in total, including 54 Forex pairs.
- 54 supported currency pairs
- Commodity futures are available
- Crypto trading
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FOREX CLUB with its competitors, making it easier for you to find the perfect fit.
FOREX CLUB Plus500 OANDA Currency pairs 54 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 126 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products FOREX CLUB offers for beginner traders and investors who prefer not to engage in active trading.
FOREX CLUB Plus500 OANDA Bonds NoNoYesETFs YesYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FOREX CLUB by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with FOREX CLUB in 7 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FOREX CLUB is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
FOREX CLUB account opening FOREX CLUB Plus500 OANDA Online Registration YesYesYesMinimum deposit $100 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 7 10 KYC time (days) 2 3 3 Is FOREX CLUB available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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Trading Platforms & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.7 /10FOREX CLUB received a score of 7.7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Strategy (EA) Builder is available
- One-click trading
- MetaTrader is available
- Trading bots (EAs) allowed
- No access to API
- No access to cTrader and its advanced tools.
- No TradingView integration
Supported trading platforms
FOREX CLUB supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared FOREX CLUB’s platform availability with that of top competitors to assess its relative market position.
FOREX CLUB Plus500 OANDA MT4 YesNoYesMT5 YesNoYescTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey FOREX CLUB’s trading platform features
We also evaluated whether FOREX CLUB offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 68 Tradable assets 126 Additional trading tools
FOREX CLUB offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FOREX CLUB trading tools vs competitors FOREX CLUB Plus500 OANDA Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoNoAPI NoNoYesFree VPS NoNoYesStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. YesNoYesAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoYes -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7.1 /10FOREX CLUB supports mobile trading, offering dedicated apps for both iOS and Android. FOREX CLUB received a score of 7.1/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Supports mobile 2FA
- Indicators supported
- Weak user feedback on iOS
We compared FOREX CLUB with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FOREX CLUB Plus500 OANDA Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000,000 10,000,000 1,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 2.6 4.7 4.8 Google Play score 3.6 4.4 3.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at FOREX CLUB by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.5 /10Customer support at FOREX CLUB is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FOREX CLUB provides basic support functionality but does not stand out in overall service performance.
InformationBroker’s Customer support staff respond to customer questions on a 24/7 basis. Dealing department works 24/5:
- Online chat and phone support
- Support is available in 6 languages.
- Finance department does not work on weekends
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.
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 1997 Registration address The Financial Services Centre, P.O. Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines Regulation The Financial Commission Official site https://www.fxclub.org/ Contacts support@fxclub.org 8-800-2002-600
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FAQs
How is FOREX CLUB regulated and what investor protection does it provide?
FOREX CLUB is regulated by The Financial Commission, classified as a Tier-3 international regulator, and participates in an investor protection fund that covers up to €20,000. The broker has a safety score of 4.7/10, offers negative balance protection and mandatory KYC, but is not tier-1 regulated, which the review notes as a factor associated with a lower overall security level.
What do the fees, spreads, and commissions at FOREX CLUB look like according to the review?
The review rates FOREX CLUB’s overall fee level as medium, with a fees score of 5/10, noting tight EUR/USD spreads but above-average Forex trading fees. On Standard accounts, EUR/USD and GBP/USD spreads typically range from 0.2 to 1.5 pips, while RAW/ECN accounts have average spreads of 0.1 pips on EUR/USD and 0.2 pips on GBP/USD plus a $3 commission per lot, and non-trading fees include deposit charges of 0–1%, withdrawal fees of 0.8–2.5%, and a $10 monthly inactivity fee.
What do user reviews and feedback indicate about FOREX CLUB overall?
FOREX CLUB has a user satisfaction score of 6.7/10 based on 42 reviews, with the majority (64%) being 3-star ratings and smaller shares of 5-star, 4-star, 2-star, and 1-star reviews. According to user reviews, the overall impression is mixed rather than clearly positive or negative.
How does the account opening process work at FOREX CLUB and how long does it take?
The review states that opening an account with FOREX CLUB is fully online, took 7 minutes for registration, and required 2 business days for KYC verification, with a minimum deposit of $100. The personal account area provides sections for managing accounts and transfers, viewing bonuses, reports, news, promotions, services, educational materials, and accessing online chat, although account approval time can vary depending on submitted documentation.
What feedback is provided about FOREX CLUB customer support availability and contact options?
Customer support at FOREX CLUB is described as available with moderate response times and varying service quality, with support staff responding 24/7 while the dealing department operates 24/5 and the finance department does not work on weekends. Users can contact support by phone, request a call back, use online chat via social networks, or submit a feedback form, and support is available in six languages.
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