Forex Club is an online Forex and CFD broker founded in Russia in 1997. It is a conglomerate of companies under Forex Club international Ltd, founded as a financial investment firm. One of the sister companies, which we have reviewed before include Libertex, the CySEC regulated arm.
|#||Broker's Features||FOREX CLUB Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||24 hour support||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Forex Club.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Forex Club offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.
Tradable Products: There are 50 currency pairs, 5 metals, 47 cryptocurrencies, 17 indices, 100 stocks, 6 Agricultural products, 5 Oil/Gas instruments and 10 ETFs available for trading on the platforms.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Forex Club is Market Maker.
Features: The MT4/MT5 platforms have sophisticated tools for technical analysis and order management. The use of forex robots is also allowed, and this provides for automated forex trading and strategy testing/optimization.
As a market maker, Forex Club may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Forex Club recommended minimum capital is $100.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Forex Club is regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Forex Club is not regulated. Investor protection is achieved at the level of site protection only. The company website and platforms are protected with a 128-bit SSL protocol.
Languages Available: Next lets have a look at each broker's different Language options. Forex Club offers Chinese, English, Indonesian, Russian, Spanish.
Payment methods: Next lets have a look at each broker's payment options. Forex Club offers Credit/Debit Cards, QIWI, Webmoney, Bank Wire Transfer, Yandex.Money different payment methods for each account types.
Deposit and withdrawal: There are over 25 deposit and withdrawal methods in Forex Club. These include credit/debit cards, e-wallet options, mobile payments, internet banks and payment cabinets are group of payment methods used in Forex Club. Forex Club charges both deposit and withdrawal commissions on most payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Forex Club makes MT5, Proprietary available to clients.
Web & Desktop Trading Platforms: In addition to the MT4 and MT5 platforms, Forex Club offers the Libertex Desktop Application and Libertex Online Terminal plus the Rumus Trading Platform. These proprietary platforms give traders a different feel of how to trade the markets.
Mobile Trading Platforms: Three mobile trading apps are available. They are the MT4, MT5 and the Libertex app. These apps are offered in iOS and android platforms. They are intuitive, fast and offer trade and analytical functions.
Forex Club has a professionally developed online academy for training which comprises of various training videos and courses. The company has created several articles and videos in multiple languages
Bonuses here include 100% deposit bonus rewards for new clients; tournament league of traders awards $10,000 to the best trader; Interest deposit gives interest in USD to investor deposits. The Silver, Gold, Platinum, Diamond and Exclusive account status rewards traders with additional services based on their account balance.
Multilingual customer support is available 24/7 on phone, social media, web form as well as on various chat media.
Forex Club has been around since 1997 and has been expanding over the years in operations and locations. The brand offers over 220 trading instruments which include ETFs and cryptocurrencies.
Forex Club encourages their clients to trade further through offering several bonuses and promotions. They are able to do this as a non-regulated broker, unlike their sister company, the regulated Libertex, which is not not permitted to offer bonuses as a CySEC broker.
Unless you are Russian you will very hard-pressed to trade with the FXClub.org website. The platforms are varied and the trading conditions are generous. The experience is suitable for beginners and more experienced traders.