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.
TU Expert Verdict
FOREX CLUB carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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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, ZForex and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- Above-average Forex trading fees
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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
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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.
- Standard account with balanced trading conditions
- Swap Free (Islamic) account
- Low minimum deposit
- No Cent account
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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.
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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 /10 -
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 /10
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FAQs
What do reviews say about FOREX CLUB’s regulation, safety score, and investor protection?
The review states that FOREX CLUB has a safety score of 4.7/10, categorized as a low security level, and is regulated by The Financial Commission, which is described as a Tier-3 regulator. It notes the presence of negative balance protection, KYC verification, and an investor protection fund of up to €20,000, but also highlights that the broker is not Tier-1 regulated, which TU experts generally associate with higher perceived safety.
How do reviews assess FOREX CLUB’s spreads, trading commissions, and non-trading fees?
According to the review, FOREX CLUB’s overall fee level is rated as medium, with above-average Forex trading fees but tight EUR/USD spreads on Standard accounts (typically between 0.2 and 1.5 pips). For RAW/ECN accounts, the review notes an average EUR/USD spread of 0.1 pips and a $3 per-lot commission, while non-trading fees include deposit fees of 0–1%, withdrawal fees of 0.8–2.5%, and a $10 monthly inactivity fee.
What account types and trading conditions are available at FOREX CLUB?
The review indicates that FOREX CLUB offers Demo, Standard, ECN/Raw spread, Micro, Swap Free, and VIP accounts, but does not provide a Cent account. It also describes specific account setups such as the Libertex account with no spread and leverage up to 1:999, and MT4/MT5 accounts with 0.01 minimum lot size and spreads starting from 0 pips; however, detailed conditions for each named account type beyond these examples are not fully specified in the section.
What trading platforms and tools does FOREX CLUB support according to reviews?
The review notes that FOREX CLUB supports MT4 and MT5, with features such as one-click trading, scalping, trading bots (EAs), alerts, and 2FA, and rates its platforms and tools at 7.65/10. It also mentions 68 supported indicators, 126 tradable assets, and access to a strategy (EA) builder, while pointing out the absence of TradingView, a proprietary platform, free VPS, and certain third-party tools like Trading Central and Autochartist.
What do reviews and feedback indicate about FOREX CLUB’s mobile trading apps and features?
The section reports that FOREX CLUB offers mobile apps for iOS and Android with a mobile trading score of 7.1/10, supporting mobile 2FA, indicators, and alerts. It also notes total downloads of around 10,000,000 and relatively weak user feedback on iOS reflected in an App Store rating of 2.6, while the Google Play rating is 3.6.
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