Forex Club: review of Forex broker, rating and customer reviews

29.07.2022

Year of foundation

1997

Site

http://www.fxclub.org

Software

MetaTrader 4, MetaTrader 5, Rumus, StartFX, Libertex

Payment systems

Payment cards, WesternUnion, MoneyBookers, Wire transfer, Check, Bitcoin

Affiliate program

Π”Π°

Rating

9.5

  1. General Information
  2. The broker's advantages
  3. Disadvantages of the broker
  4. Investment Programs
  5. Affiliate program
  6. Trading information
  7. Broker's commissions
  8. Types of accounts
  9. Bonus program
  10. Training program
  11. Safety Guarantee
  12. Fund Deposit and Withdrawal
  13. Technical support service
  14. Personal profile overview
  15. Contacts
  16. Reviews about Forex Club by the company's clients

Forex Club is one of the well-known international brokers with more than 20 years of experience. The company has been working in the financial markets since 1997. The place of registration of the online broker Forex Club International Limited - Saint Vincent and the Grenadines, where it is not required to obtain a state license. The official financial regulator of the company is CySEC.

πŸ’³ Account currency EUR, USD, RUB
πŸ’° Minimum deposit 10$
πŸ’Έ Assets CFD, stocks, cryptocurrencies, currency pairs, commodities, ETFs
βš–οΈ Maximum leverage 1:600
πŸ’Ή Spreads From 0 points
πŸ“Š Types of accounts Rumus, MT4 Market, MT5 Market, MT4 Instant ΠΈ MT5 Instant, Libertex
βž• Affiliate Program Yes
🎁 Bonuses Yes
πŸ“±Mobile Trading Yes
πŸ”§ Analytical Tools Trading signals, economic calendar, financial markets news

General Information

FX Club Company regularly conducts courses for novice traders and experienced investors. To test trading conditions platform users can use a demo account without the need to make a real deposit. Trading on the market is available to authorized clients of Forex Club. To register, you need to fill in an online form on the website with your contact information.

Information about accounts is available in the personal cabinet. For deposits and withdrawals the broker offers to use popular electronic wallets, bank cards, transfer through a bank. The amount of commission and time of transactions depends on the depositing method.

The broker's advantages

  • Protection against negative balance.
  • 24-hour support 7 days a week.
  • Forecasts and reviews of financial market assets.
  • Opportunity to diversify investment portfolios.
  • Optimal trading conditions for beginners and experienced traders.

Disadvantages of the broker

  • Financial department is not working on weekends.
  • There is no glossary with the full list of basic terms on the official FX Club website.

Investment Programs

The Forex Club Company provides opportunities for both independent traders and investors working through investment programs. Popular system for passive income from Forex Club is Alpha service. It combines effective trading strategies. When trading automatically, traders can avoid large drawdowns and minimize the risks of losing investments. The Alpha service can be used on the Forex Club Libertex trading platform.

Affiliate program

The broker offers access to the affiliate program of Financial Partners Marketing. This global network specializes on exclusive financial offers. Using the partnership program you can attract new traders and receive a percentage of their transactions.

Trading information

Besides the classical Forex trading platforms MetaTrader4 and MetaTrader5, FXClub offers its clients the terminals of its own design: Rumus and Libertex. The first of the broker's proprietary platforms allows you to trade without commissions for transactions in currency pairs, CFDs on indices and commodities. Using the Libertex account, traders can invest in Forex, commodity, and cryptocurrency markets assets, as well as use CFDs.

The clients of Forex Club have access to ready-made programs for automated trading. Investors receive trading signals and recommendations via email. The company develops expert advisors based on the analysis of data on the profitability of popular strategies. Only registered clients of FX-Club are allowed to use the author's services for automated trading.

While Forex Club expert advisors give signals to users, specialized trading robots automatically make deals with minimal human involvement. To start earning through such services, it is necessary to replenish the account. The minimum deposit amount depends on the chosen program.

Broker's commissions

Forex Club charges a 0.8-2.5% withdrawal fee. Its size is set by the service used for financial transactions. The broker does not charge a fee for depositing, but a payment system may charge it. In this case Forex Club will compensate the clients for the deducted interest.

Forex Club broker sets swaps. The average trading fee for a position rolled over to the next day is 8.6%. Spreads at Forex Club are average, compared to competitors, and depend on the trading platform. In the Rumus terminal, this figure is the highest and starts at $30. On the Forex Club Libertex platform spreads are zero.

Types of accounts

FXClub clients can choose a suitable account in terms of trading volume, the amount of initial capital, the amount of leverage. The broker's rates should also be chosen according to the trading platform you work on.

There are several account types available at the Forex Club broker:

  1. Rumus: does not have a technical minimum deposit, does not provide for swaps, allows you to set the leverage up to 1:200.
  2. MT4 Instant and MT5 Instant: they have a minimum lot size of 0.01, spread from 0.6 pips and instant order processing.
  3. Libertex: guarantees fast order execution and provides access to leverage up to 1:600.
  4. MT4 Market and MT5 Market: provide from 0.01 lot size and from 0.5 point spread.
  5. Libertex and Instant accounts are suitable for beginner traders. MT4 Market and MT5 Market accounts benefit investors with higher trading volumes. The Rumus account is considered an optimal variant for traders with average trading volume.

Bonus program

From time to time Forex Club broker holds contests and gives bonuses to active traders. In order to get a welcome bonus of 100% of your deposit, you must register on the Forex Club website. Traders can use the bonus funds in the process of trading. FXClub has developed a unique program to compensate fees from payment services at the expense of bonuses. Clients of Forex Club broker may open an account to which bonus funds will be credited.

A single Forex Club bonus account has several features:

  1. Bonuses are available for transactions and financial markets. They cannot be converted into real money.
  2. You can earn reward by taking part in contests and promotions, which are regularly held by Forex Club.
  3. The client can withdraw money from the bonus account to the trading account and back without commission.
  4. Another bonus program of FXClub is "Deposit Interest". Under this system, the broker accrues 9-12% per annum on the balance of the deposit. Access to this program opens up if you deposit $5,000-50,000 to your trading account.

Training program

Forex Club Company has founded International Investment Academy, which became one of the first state-accredited business schools for traders in CIS countries. The training program includes more than 40 courses for both beginners and advanced investors. Traders can study by correspondence, in person or independently from the materials provided.

The Forex Club broker's website has a freely accessible analytical section with an economic calendar, a list of global bank interest rates and news. Traders can also download free tutorials or watch videos. You can enlist the help of a personal analyst to learn how to invest from scratch or improve your skills.

Safety Guarantee

To start working in the financial markets, all new clients of Forex Club broker are verified and provide documents to confirm their identity. Such measures allow the company to avoid fraud by traders.

While servicing accounts Forex Club takes into consideration rules of CySEC regulator. During trading, depositing and withdrawing money the traders' personal information is encrypted and is not disclosed to third parties.

Fund Deposit and Withdrawal

Withdrawal of funds from Forex Club Libertex is carried out immediately after trader's application. The time to credit the trading account, card or e-wallet depends on the payment system. The broker does not restrict the clients in the number of withdrawal requests.

Forex Club provides several ways to conduct financial transactions. Traders can use payment systems WebMoney, Skrill, Neteller, Jeton. The broker cooperates with the leading banks of Russia, so investors can make transactions through VISA/Mastercard/Maestro cards and bank transfers.

Technical support service

Technical support managers of Forex Club are available 24 hours a day, 7 days a week. Consultations with specialists from the Dealing Department are available 24/5. Forex Club managers can be contacted on any technical or trading questions.

Personal profile overview

After registration and verification traders can enter the personal cabinet of Forex Club. New clients of the Forex-Club broker receive the data for logging in to their personal accounts by e-mail. Password can be changed in the personal cabinet. To delete the account contact the technical support service.

Functions are available in the trader's account:

  • use of custom indicators and ready investment strategies from Forex Club;
  • account management;
  • viewing the history of financial operations;
  • online chat with managers of Forex Club broker.
  • In your FXClub personal cabinet you can view information about the company's events and active promotions. The broker regularly publishes economic news and provides up-to-date analytics. There is also a section in the personal cabinet with information about available bonuses and contests.

Contacts

Phone

8-800-7754-964

Social media

https://www.facebook.com/ForexClub/

https://www.instagram.com/forexclubofficial/

https://vk.com/forexclub

Reviews about Forex Club by the company's clients

When analyzing reviews about Forex Club, it can be established that the company's clients note the prompt work of the technical support service, low spreads, fast execution of orders. Also to the advantages of the broker can be attributed the availability of analytical materials. News, economic calendar, list of central banks interest rates allow you to predict the price dynamics of popular assets. The broker offers traders the opportunity to share their trading success and experience on the thematic forum.

Share article with friends


Technical Analysis

UP