Forex Club Review 2019 | Is Forex Club a Scam or Legit Forex Broker?

Read our Forex Club review to find out if Forex Club is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
20% Complete (danger)
1.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Forex Club
Forex Club Overview

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
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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, Crypto, 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.

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 Card, QIWI, Webmoney, 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 MetaTrader 5, 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.

Other

Trader Education
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

Promotions
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.

Support
Multilingual customer support is available 24/7 on phone, social media, web form as well as on various chat media.

Recup
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.

Final Thoughts
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.

Trading Experience
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.

People Also Asked

Is Forex Club regulated?
Yes, Forex Club is regulated by top-tier regulators, Not regulated inclusive.
Where is Forex Club based?
Forex Club is based in St. Vincent & the Grenadines
How does Forex Club make money?
Forex Club charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Forex Club account?
With Forex Club you can deposit money via the following means; Credit Card, QIWI, Webmoney, Wire Transfer, Yandex.Money.
How do I withdrawal in Forex Club account?
Forex Club lets you request a withdrawal of funds from your account via the following means; Credit Card, QIWI, Webmoney, Wire Transfer, Yandex.
What is the minimum deposit for Forex Club?
Forex Club has $100 minimum deposit.
What are the available account base currencies with Forex Club?
Forex Club trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Forex Club?
Forex Club has a maximum leverage is 1:600 for professional traders.
How do I open an account with Forex Club?
Opening an account with Forex Club is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Forex Club use MetaTrader?
Forex Club platforms: Yes, Forex Club use MetaTrader as well as the following platforms: MetaTrader 5, Proprietary
What type of broker is Forex Club?
Forex Club appears to be a Market Maker broker which offers market access to a variety of traders.
Does Forex Club accept US clients?
No
Does Forex Club offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Forex Club: You can trade a wide variety of instruments with Forex Club: Currencies, Commodities, Indices, Stocks, Crypto, Futures