FOREX CLUB Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FOREX CLUB trading signals. You will learn what kinds of trading signals FOREX CLUB offers and what the conditions for using them are.
Short introduction of FOREX CLUB
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% |
FOREX CLUB Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
FOREX CLUB Trading Signals
Traders Union analysts analyzed the Forex Club trading conditions to determine explicit as well as hidden commissions. Withdrawal fees range from 0.8% to 2.5%, depending on the electronic payment system. Forex Club compensates 100% of the commission of payment systems and bank transfers with bonus funds. Compensation is not provided for replenishment of an account via WebMoney (commission is 0.8%).
| 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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that FOREX CLUB does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.