If you are a client of the company and have the experience of trading with it, you can leave your review about Forex Club. Be noted that reviews contained vulgar or profane language will be deleted. Overview for Review as of Forex rates. Reviews Profile. Forex Club is FX broker that was established in Please, note that all comments are based on the experience of only their authors and are their subjective assessment.
Add review. Forex Club review table. Founded in Country of Registration St. Forex Club Promotions. Review of Forex Club trading conditions. Pricing Digits: Spread type: Max. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results. Foreign exchange, precious metals and over-the-counter OTC contracts are leveraged products, which have high risks and may lead to losses of your investment principal.
Please invest rationally. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
Home - Brokers - ForexClub. WikiFX Score. NBRB Regulated. VPS Standard. Single Core 1G 40G. Get it for free. Broker Information More. Company Name. Phone of the company. Company website. Customer Service Email Address. Company address. Information abstracts. Pyramid scheme complaint. Download on the Google Play. Download on the Android. WikiFX Risk Alerts 1. Good A. Transaction speed rating A. Rollover cost rating B. Software disconnection rating AA.
Transaction cost rating A. Transaction slippage rating C. No data. Exposures 8 pieces of exposure in total. Pyramid scheme complaint Expose. Mayaz Ahmad. Delivery Index Mkt. Referrals Language. Insufficient data samples. Scan to Download. Licensed Institution : Forex Club.
Effective Date : Email Address of Licensed Institution : info fxclub. License Type: No Sharing. Website of Licensed Institution : www. Expiry Date : No content No data. Load failure Load failure. VR Field Survey. Agree and Continue. What is pyramid scheme complaint? With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly.
WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment! Report immediately. Report This Platform. Related Photos. Confirm to Submit. Submit successfully! License 5. Business 8. Risk Manag 8. Regulatory 5.
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|Reviews and forex club||Read reviews about other Forex brokers. The bank's activities are regulated in the Banking Code enacted in October 25, Insufficient data samples. A good rule of thumb is to carefully review reviews and forex club the Forex companies and any other company for that matter, before you perform any transaction. It is a SCAM! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. Download on the Google Play.|
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|Reviews and forex club||Related Photos. With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. Company website. Trade rating of WikiFX was based on WikiFX investigating system, which detect how the investors from worldwide query platforms trade their foreign exchanges, and exclusive data model, which was created by a professional team of forex brokers identification. VR Field Survey.|
Forex Club Review Scores. Forex Club www. Overall score: 3. Customer service. Forex Club Discussion. Great broker. Open in a full screen. Quote Message Report. His intention is to collect funds for the newbies. Take care for new traders Open in a full screen. No complaints. Been with them since Awesome US broker. Please login to comment. Compare Forex spreads in real time Forex Spreads.
All Rights Reserved. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results. The broker is not a member of a deposit guarantee fund. Up until , the broker provided services based on the license for financial activity, issued by the Central Bank of Russia.
There was also information about the license of the Cyprus regulator CySEC in open sources, but a check by the number showed that the document is now held by a different company. To specify information about the license, we contacted Forex Club customer support.
We were told that the license for financial activity is not required in Saint Vincent and the Grenadines, where the managing company is registered. Summing up the information that we gathered, we can conclude that Forex Club does not hold a license. This is a big drawback for the broker, as the organization cannot provide any guarantees of the legality of its operation, reliability and protection of customers.
In addition, the choice of currency pairs is quite good. There are CFDs on cryptocurrencies as well. In reality, the biggest drawback of Forex Club is absence of possibility to work with real assets. As a reminder, CFD is a marginal product with high risk of losses, which is why trading such contracts should be approached with caution.
It is also advisable to observe the strict rules of risk management in this type of trading. Market diversity on Forex Club is rather high compared to the competitors, primarily through availability of derivatives on ETFs and cryptocurrencies. The broker also offers a wide choice of trading instruments. By the number of available currency pairs, Forex Club compares favorably with its competitors, for example Exness and Alpari.
Forex market is well represented on Forex Club. Also, a large number of cross rates are available. In particular, the broker offers the following trading pairs:. The total number of cross pairs is 23, which is considered a good indicator. You will also find exotic pairs on Forex Club. The broker offers trading pairs with the following exotic currencies:.
The total number of currency pairs is 50, which is much more than many Russian competitors offer. The broker offers many trading instruments and they are diverse, providing the traders with freedom of choice. Cryptocurrencies and ETFs are an additional bonus for Forex Club customers, as the competitors do not offer these options.
For example, the choice of CFDs on stocks definitely cannot be considered big — positions. The list mainly includes the giants of the American, Russian markets and also EU countries. The total number of derivatives and cryptocurrency pairs is Their choice is not as wide as, for example, of cryptocurrencies, but the very fact of their availability is a definite advantage for the Russian broker.
In particular, you can work with the derivatives on such ETFs as:. The total number of trading instruments of this type is The choice of this type of instrument can be considered average by the industry in general, but good compared to the other Russian brokers. Forex Club provides access to six types of commodity assets. In particular, the following are available:. In particular, you can trade the following types of instruments here:. The number of Commodities on Forex Club exceeds many competitors.
For example, Exness provides access to only 12 types of instruments. The procedure for opening an account on Forex Club is simple. It is fully automated and takes no more than 5 minutes. The broker provides its customers a free demo account, using which a trader can test new strategies and learn to trade. Verification is not mandatory on Forex Club, but the broker may request documents, if there are doubts regarding your identity.
The company also provides a large number of trading accounts. However, Forex Club also has certain drawbacks. In particular, only three account base currencies are available here. There is no ECN account. There are no requirements for minimum deposit on Forex Club.
You can start trading from USD 1. Many brokers do not have requirements for minimum deposit, including popular ones. Forex Club includes two companies — Russian and international one. The Russian branch provides access to trading only for the customers from Russia. As for the international company, customers from Russia cannot work with it.
Forex Club also does not provide services in the countries marked by FATF as jurisdictions with high level of risk and the states under sanctions. Verification is not mandatory on Forex Club. You can trade and perform financial transactions without confirming your identity. However, in some cases, the broker may request documents confirming your identity. In particular, you may be requested to provide the following types of documents:. Forex Club does not offer the option of uploading documents directly.
The broker may request them by contacting you via email. In this case, you will need to send photos or scanned copies directly via email. The company specifies that the verification requests can only be sent from email accounts with fxclub address. Forex Club offers its customers five types of accounts.
They vary depending on the amount of your deposit and traded volume. The peculiarity of the broker is that the trading conditions change depending on the type of the trading platform you are using. The account types allow only to gain access to specific analytical services, learning and support. For example, traders can use the services of a personal analyst on Forex Club, and also obtain access to direct communication with the chief dealer and chief analyst.
These functions, however, are only available to the traders, who opened Diamond or Exclusive accounts. Holders of Gold account receive access to Trading Central instruments, and users of Platinum trading account and higher can use market player mood indicator. Only the traders with the status Gold or higher can receive the full version of the basic learning course. Forex Club offers access to a demo account for its customers. This feature is free. The users are not required to set up an account on the platform in order to work with the demo account.
The customers are provided a demo account on Libertex platform, while other platforms are available to the customers only on real accounts. However, they may differ, depending on the chosen trading platform. You can learn about the conditions of different terminals in the Contract Specification section. Below is a short review of the conditions. The procedure of opening an account on Forex Club is elementary. The first stage is providing registration information.
Noteworthy, the registration forms differ in the Russian and English versions. When filling out the Russian-language form, you need to specify the following information:. In the English-language version, everything is even simpler. You need to only fill out two boxes:. To begin trading, you need to deposit funds on your account.
The user is given the status of Silver account by default, but as soon as you deposit a certain amount, the status will change. Right after the registration, you will see a Welcome screen, where Forex Club will offer you to deposit funds on the account. After you press Fund It, you will be redirected to the Deposit form. You need to:. The list of base currencies on Forex Club is quite limited. In particular, the following currencies are available for trading:.
Overall, the list of base currencies on Forex Club can be called standard for the Russian brokers. For example, Alpari offers its customers three base currencies. However, compared to Exness, Forex Club is lagging behind. Firstly, Exness supports 7 base currencies, including the world's popular currencies.
Secondly, the broker has the support of cryptocurrencies, while FXClub does not. Forex Club offers a wide selection of deposit and withdrawal methods. The broker supports Russian and international payment systems, which enables traders from foreign countries to work with the broker. The company allows to deposit and withdraw funds via a wire transfer.
Also, Forex Club processes payments via electronic payment systems. The company works with e-wallets of six operators:. For Russian traders, the broker offers additional payment methods. In particular, Alpha-Click and Promsvyazbank online banking are available to the customers. Forex Club policy in regards to commissions and fees can be considered a drawback. Firstly, the broker charges deposit fees, which is a rare occurrence these days.
The broker compensates for the fees only giving the bonuses you cannot withdraw. There is either no withdrawal fee or a small fee. The exception is the wire transfer, where the fee is fixed and rather high. Forex Club offers about the same big number of options for depositing funds as Alpari, but also the level of fees for transactions is quite comparable.
Exness has fewer supported payment services, but the broker does not charge deposit fee. Forex Club offers its clients a wide selection of trading platforms. The broker primarily provides customers services via Libertex platform. In addition, Forex Club offers access to other trading platforms:. The broker provides access to trading platforms for all types of devices, including online platforms, software for Windows and Mac PCs, and also Android and iOS applications.
Forex Club offers special options for traders preferring automated trading. In particular, the users can download trading advisors. You can also build your own trading bots. The trading conditions on Libertex and other trading platforms differ substantially.
For example, the commissions on MetaTrader 4 are much higher than on Libertex, which could pose a problem for customers, who prefer classic trading platforms. Forex Club has more trading platforms than its competitors in the Russian market. As for Alpari , the broker also has 4 trading platforms, but does not have a proprietary one. The MetaTrader 4, MetaTrader 5 and Rumus platforms of the broker are standard, without any modifications. That is why we will review the Libertex platform in more detail.
Unfortunately, the broker does not have a sophisticated security system. The account is accessed with login and password. Two-factor authentication is not available; there is also no secret question. Libertex trading platform looks as follows:.
When setting up the chart, you can also choose the timeframe. The company offers a choice of the timeframe from 1 minute to 1 month. You can also view charts in full screen mode. The broker offers 42 indicators for technical analysis and also 50 different drawing and template instruments. As for the choice of trading instruments, the broker offers an interesting solution.
The instruments are categorized not only by types, but also by the movement of quotations. For example, the following categories are available:. There is also the Popular category, where you will find the most liquid trading pairs and trading instruments. The list of trading instruments can be found in the right part of the trading platform.
If you are interested in simple search by groups of instruments, you can choose them from the pop-down list All Instruments in the top right corner of the platform. There is also a Search option here, where you can search for currency pairs or CFDs by name or exchange ticker. You need to select the amount and the lot.
Also, you can set Take Profit and Stop Loss orders. On the right side of the platform, you can find information about your balance and opened trades. You can view your account balance, profit, funds in use. Also here, you can view the details on your active trades. In addition, there is Favorites menu here, where you can add the most interesting trading pairs or instruments.
Trade automation is another option Forex Club offers. The broker provides its customers an opportunity to trade using trading advisors. Forex Club offers analytics for the traders, but it is not very extensive. Traders can use them both on real and on demo accounts. As for the fundamental analysis, the broker provides reviews of its own experts, information about the current key rates of central banks and also an economic calendar.
However, there are generally not enough materials for a fundamental analysis. There are no diagrams and analytical calculations, no analytics on specific assets. That is why analytical materials on Forex Club can be considered basic. Forex Club provides trading signals. They are fully free and are provided to users with any type of account, including the demo account.
Trading Central provides the trading signals to the broker. You will find them on Libertex trading platform. To use the trading signals, you need to choose an asset on the platform with a corresponding mark — a megaphone sign. Over the chart, you will see a button with the description of the trading signal. The options can be as follows:. By pressing a button, a menu of the trad will open.
You will see a button Sell by signal with a downward or upward arrow. You will also see signal probability and signal profitability indicators. However, it is unknown, which indicators are used to make the forecast. The News section can also be found on Libertex platform.
The button is located in the upper part of the platform. The news for Forex Club is provided by third-party sources, including Investing. Noteworthy, the newsfeed is regularly updated. On average news items are published per hour, and even more than that during important events, press conferences, etc. There is, however, one drawback. In particular, you can filter the news by assets. Forex Club also provides access to Libertex TV.
News in the format of a short video review, around 1 minute long, are published here. The video reviews can also be found in the Libertex news section. Forex Club publishes market reviews on its website. The experts also publish announcements of the global events for the next day. Forex Club also specifies forecast accuracy of each expert.
The issue with the reviews is the same as with the newsfeed — it is impossible to sort the forecast by the types of assets. In addition, it is impossible to subscribe to the experts, which can also be considered a drawback. There is, however, a search by assets and company experts. Forex Club provides education for the beginners. The conditions differ depending on the type of the account. The users that open Silver or Gold trading accounts receive only basic information, while traders with a Platinum or Diamond account will be granted full access to beginner courses.
The organization provides both online and offline courses. Forex Club, however, does not have educational blogs. In particular, the broker does not provide training in text format, does not have articles with reviews of trading strategies, etc. The company has a YouTube channel, but it is mainly dedicated to news reviews and technical analysis.
There are very few educational materials there. In the section, you will also find access to two types of courses — for beginners and for experienced traders. After pressing Learn More, you will be redirected to the Libertex platform, where the courses are published. The length of the courses is approximately 3 hours. They are divided into blocks, which include from 4 to 29 tutorials. The company regularly holds training seminars. They are held at the offices of Forex Club. The broker has offices in over countries.
Unfortunately, there is not much information about Forex Club seminars. The broker does not hold webinars. The contacts of customer support are known only for Russia and Ukraine, but the contacts of the offices in the CIS accounts, where the customer can seek assistance are provided.
Trading conditions at Forex Club are average. No better or worse than other companies. However, they have a Libertex platform that no one else provides. Now it. This Forex Club review was written by industry experts with over 20 years of financial experience in Forex trading, Spread Betting. Forex Club is a top rated New York City based brokerage that is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission.