Compare forex brokers Forex Club VS Merit Forex

If you're choosing between Forex Club and Merit Forex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Forex Club better than Merit Forex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FOREX CLUB VS MERIT FOREX

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.

Merit Forex
Merit Forex Overview

Merit Forex is a financial service firm registered and licensed in the Republic of Vanuatu. The brand offers forex/CFD trading on the MT4 and MT5 trading platforms.

# Broker's Features FOREX CLUB Availability MERIT FOREX 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 compare Forex Club vs Merit Forex.

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, while Merit Forex offers Currencies, Commodities, Indices, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Forex Club is Market Maker, while Merit Forex is Dealing Desk.

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, while Merit Forex regulated by VFSC. 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.

Languages Available: Next lets have a look at each broker's different Language options. Forex Club offers Chinese, English, Indonesian, Russian, Spanish, while Merit Forex offers English, German, Italian, Russian Customer Support Languages.

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, while Merit Forex offers Credit/Debit Cards, Cryptocurrencies, Neteller, Skrill, Bank Wire Transfer 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, while Merit Forex offers MT5.

The Verdict: Forex Club or Merit Forex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Forex Club is more reliable based on our criteria above. Forex Club offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Forex Club has a wider range of languages in which customer service is offered making the broker more accessible. 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.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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