Forex Club review
Forex Club is a Multi-Assets Trading Platform with over 103+ Assets
Forex Club is a multi asset platform with 103+ tradable Assets.
Assets available on Forex Club include Forex trading, Spread Betting, Share Dealing.
Forex Club trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Spread Betting, Share Dealing are considered financial assets.
Features of Forex Club
- Virtual Portfolio, or what is commonly known as a Demo Account
- Forex Club offers Advanced Financial Chart comparison tools
- Forex Club offers Research-backed analysis on financial markets and investments from top analysts
- The Forex Club platform is available to use on multiple devices including and online through a Web Browser.
- Forex Club offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- Forex Club users benefit from using the Forex Club platform in over 15 different languages
Forex Club review
What you should know
Forex Club offer three ways to trade: Forex trading, Spread Betting, Share Dealing. The assets and products available to you on the Forex Club trading platform depends on the region of the world, you are in and the Forex Club entity you have an account.
With Forex Club you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Forex Club platform.
Forex Club are able to accommodate various levels of traders whether you are experienced or a beginner.
Are Forex Club safe?
When considering Forex Club for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Forex Club, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2008, and in operation for 15 years Forex Club have a head office in Russia.
Forex Club is regulated. This means Forex Club are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Forex Club withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Forex Club are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Forex Club are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Forex Club and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Forex Club has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Forex Club will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Forex Club, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Forex Club violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with Forex Club?
All payments made to Forex Club by traders are securely held in a segregated bank account.
Forex Club uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should Forex Club use them?
Forex Club partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Forex Club clients' funds.
Forex Club clients can have greater confidence in their financial security when working with a Tier 1 bank because Forex Club are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in Forex Club deposited in a Tier 1 bank?
Depositing funds with Forex Club ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Forex Club were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that Forex Club is a secure and safe platform.
Please be aware that trading in financial assets with Forex Club carries a risk of loss. Forex Club trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, Spread Betting, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
Forex Club emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about Forex Club, let's closely examine its features.
To better understand the Forex Club trading platform, you can create two separate accounts - one with real money and the other a Forex Club demo account. A Forex Club demo account provides a risk-free environment for experimenting with the Forex Club platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Forex Club trading decisions.
Open a demo account Visit Forex Club
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How Forex Club as a Company Compare Against Other Brokers
| Broker |
forexclub
|
IC Markets
|
Roboforex
|
eToro
|
| Year Established | 2008 | 2007 | 2009 | 2007 |
| Head Office | Russia | Australia | Cyprus | Cyprus, UK |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) |
| Used By | 10,000+ Forex Club users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
| Negative balance protection | Yes | No | Yes | |
| Guaranteed Stop Loss | No | No | No | |
| Learn More | Visit Forex Club | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. |
Forex Club review
Forex Club Pros and Cons
Forex Club review
Forex Club Regulation and Licensing in more detail
Forex Club is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Forex Club going into insolvency. Forex Club compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Forex Club to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Forex Club traders.
Forex Club is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Forex Club you should be sure they're legitimate online agent.
Is Forex Club Global?
Yes, Forex Club is global as Forex Club is available in over 194 countries.
Forex Club is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Forex Club covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. Forex Club has a total of more than 10,000 users.
Forex Club review
Forex Club Fees Explained
- Forex Club withdrawal fees varies on payment method
- Forex Club does charge a fee for inactive accounts.
- Forex Club does charge deposit fees.
Modern brokers like Forex Club provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Forex Club may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Forex Club trading profitability.
How Forex Club Fees Compare Against Other Brokers
| Broker |
forexclub
|
IC Markets
|
Roboforex
|
eToro
|
| Min Deposit | 100 | 200 | 1 | 50 |
| Withdrawal Fees | varies | No | Yes | Yes |
| Inactivity Fees | No | No | Yes | |
| Deposit Fees | Varies | No | No | |
| CFD Commission Fees | Yes | No | Yes |
Forex Club Minimum Deposit
Forex Club requires a minimum deposit of 100 GBP/USD/EUR when opening an Forex Club trading account.
A minimum deposit is the minimum amount of money required by Forex Club to open a new online brokerage account with them.
Don't be scared off by brokers like Forex Club charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like Forex Club, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
Forex Club Withdrawal Fees
The fees for withdrawing funds from your Forex Club account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Forex Club withdrawal request is important.
Forex Club Withdrawal rules may vary across different brokers when it comes to transferring funds from your Forex Club or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Forex Club may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the Forex Club withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Forex Club. Researching and comparing Forex Club withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Forex Club funds frequently or dealing with large sums of money. Awareness of these Forex Club fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Forex Club funds.
For example, Forex Club allows you to withdraw your funds to Paypal or Skrill, Credit cards, Debit cards, bank wire, ewallets, Neteller, Skrill, Electronic wallets (eWallets).
Forex Club Inactivity Fees
Forex Club does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Forex Club terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all Forex Club fees and services. It's recommended that you check the Forex Club website before signing up. If you decide to close your Forex Club account, it's important to do so with the Forex Club broker customer support and obtain confirmation that no remaining Forex Club fees are due.
Brokers like Forex Club must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
Forex Club Deposit Fees
Forex Club do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
Forex Club Commission Fees
Forex Club does charge commission on CFD instruments.
Brokerage firms like Forex Club may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Forex Club trading account level held by the trader.
Forex Club may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Forex Club terms and conditions to understand the commission fees and any other charges that may apply is essential.
Forex Club review
What can you trade with Forex Club?
It's essential to note that the trading instruments offered under the Forex Club brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Forex Club trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with Forex Club over 103 instruments in fact.
If you want to trade currency pairs on global Forex markets, Forex Club offer over currency pairs.
Compare Forex Club with IC Markets and Roboforex below.
How Forex Club Trading Options Compare Against Other Brokers
| Broker |
forexclub
|
IC Markets
|
Roboforex
|
eToro
|
| Instruments Available | 103 | 2250 | 100 | 5000 |
| Platforms | MT4,WEB,desktop | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| FX / Currencies | ||||
| Forex pairs offered | 61 | 35 | 50 | |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | No | Yes | Yes | Yes |
| Exotic Forex pairs | No | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 20 | 21 | 31 |
| Metals | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes |
| Agricultural | Yes | Yes | No | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 2100 | 0 | 2042 | |
| UK Shares | Yes | Yes | Yes | Yes |
| US Shares | No | Yes | Yes | Yes |
| German Shares | No | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes | Yes |
| Risk Warning |
Visit Forex Club
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
79% of retail investor accounts lose money when trading CFDs with this provider. |
Forex Club review
Trading on Forex Club web platforms and other applications
Forex Club offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
Forex Club also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See Forex Club's platformsIs the Forex Club Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the Forex Club trading platform to protect you on PC and mobile Forex Club platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Forex Club web trading platforms.
Forex Club Trading Platform Options
After logging into your Forex Club account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
Please be aware that Forex Club does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
Forex Club does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options Forex Club gives you.
Forex Club review
Forex Club MetaTrader 4 (MT4)
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Forex Club offers traders comprehensive features and tools to enhance their trading performance. The Forex Club MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Forex Club platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Forex Club traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Forex Club traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Forex Club trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Forex Club MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Forex Club, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Forex Club MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Forex Club allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with Forex Club in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Forex Club MetaTrader 4 is compatible with the latest macOS. Forex Club allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on Forex Club
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade Forex Club MetaTrader 4 on iOS Devices
You can download the Forex Club app or trade with Forex Club through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Forex Club customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade Forex Club MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and Forex Club offers its clients access to the MetaTrader 4 platform on these devices. With the Forex Club MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Forex Club traders to stay on top of their trades and react quickly to changes in the market. With the Forex Club MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade Forex Club MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on Forex Club are a powerful bundle of three major indicators designed to help traders make informed decisions. Forex Club MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help Forex Club traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Forex Club traders to potentially stay one step ahead.
Forex Club MetaTrader 4 Advanced Trading Tools
The Forex Club MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Forex Club traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Forex Club provides traders with everything they need to succeed. The Forex Club MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Forex Club traders to analyze the market at any level of complexity.
Trade Forex Club MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
Forex Club MetaTrader 4 AutoChartist
Autochartist on the Forex Club platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for Forex Club MetaTrader 4 Autochartist can scan the market using an expert advisor script.
With Autochartist, Forex Club traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Forex Club users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Forex Club traders can navigate the platform and find the information they need to make informed trading decisions.
Forex Club Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Forex Club traders of all experience levels.
Forex Club Trading benefits
- Forex Club Allows scalping
- Forex Club Offers STP
- Forex Club Low min deposit
Forex Club Trading Accounts Offered
Below we give an overview of the account types that Forex Club offer. Whatever you are looking to trade, the varying Forex Club account types will be able to provide you with what you need.
- Forex Club Demo account
- Forex Club Mini account
- Forex Club Standard account
- Forex Club ECN account
- Forex Club STP account
- Forex Club Islamic account
Can I try Forex Club?
Forex Club provides a demo account that enables individuals to explore trading before investing their funds. By creating a Forex Club practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Forex Club demo account can help individuals to make informed decisions before investing their money.
Open a demo Forex Club account to practice and trade.
Your capital is at risk
Forex Club withdrawal and funding methods
It's essential to remember that the payment methods provided by Forex Club vary based on the Forex Club entity and the Forex Club client's country of residence. To view the Forex Club payment options available, you can log into your Forex Club member's area.
Forex Club offers various funding payment methods listed in your Forex Club dashboard if available in your region. To learn more about the Forex Club funding and withdrawal options available in your area, you can explore the Forex Club website.
Forex Club provides several payment methods for funding your Forex Club account. You may utilize any of these deposit options if they are available in your region. Forex Club ensures that users have multiple payment methods to choose from, making it more convenient for verified Forex Club account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Forex Club user's location. learn more about Forex Club funding and withdrawal methods.Forex Club Payment Methods
Some Forex Club payment methods are local and are available only to specific regions. Forex Club account holders should check which payment methods are provided in your region.- Forex Club accepts Paypal or Skrill
- Forex Club accepts Credit cards
- Forex Club accepts Debit cards
- Forex Club accepts bank wire
- Forex Club accepts ewallets
- Forex Club accepts Neteller
- Forex Club accepts Skrill
- Forex Club accepts Electronic wallets (eWallets)
| Broker |
forexclub
|
IC Markets
|
Roboforex
|
eToro
|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes |
| Skrill | Yes | Yes | Yes | Yes |
| Payoneer | No | No | Yes | No |
| Neteller | Yes | Yes | Yes | Yes |
*please note available Forex Club and other broker payment methods depend on the clients country of residence.
How can I start trading with Forex Club?
To open a trading account with Forex Club, individuals can sign up on the Forex Club website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for Forex Club account validation and making a deposit. Once completed, Forex Club users can download the trading platform of their choice.
It's important to note that Forex Club requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Forex Club maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Forex Club trading platforms is available on their website.
Your capital is at risk
Performing trades with Forex Club
When using Forex Club, the minimum trade size is typically $0.00000114/0.01 LOTS units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Forex Club have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using Forex Club can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.
Like other brokers, Forex Club margin requirements can differ depending on the traded instrument.
CFD Trading on Forex Club
We will show you an example of the basics of using Forex Club leverage.
CFD trading on Forex Club allows traders to speculate on the price movements of various financial instruments against the broker Forex Club, without actually owning real assets. With CFDs, Forex Club traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
Forex Club provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, Forex Club leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Forex Club trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Forex Club leverage magnifies both profits and losses in trading.
Trading CFD trades on the Forex Club platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced Forex Club traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at Forex Club
To trade effectively with Forex Club, it's important to have a good understanding of the Forex Club trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Forex Club and externally.
Forex Club . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Forex Club. Familiarizing yourself with the Forex Club trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using Forex Club. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Forex Club involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like Forex Club, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with Forex Club. Explore the Forex Club platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Forex Club, before live trading.
Customer Support at Forex Club
As part of our Forex Club review, we review customer service options, response times and problem resolution effectiveness on the Forex Club trading platform. The Forex Club trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
Based on our experience, we have given Forex Club a D grade for customer support. We encountered some slow response times or Forex Club queries that were left unanswered.
Compared to other brokers, Forex Club offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at Forex Club
Forex Club does not offer LiveChat Support.
Email Support at Forex Club
We tested the email support of Forex Club by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Forex Club response.
The Forex Club team did resolve and answer our queries, but the email support from Forex Club was overall average compared to other brokers we have tested.
Phone Support at Forex Club
We contacted Forex Club via phone and received quick assistance within 10 minutes of our call.
The Forex Club phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Forex Club and found that they could assist us in various languages.
While we found the Forex Club phone support satisfactory, there is room for improvement in response time.
See how Forex Club Support Compares Against Other Brokers
| Broker |
forexclub
|
IC Markets
|
Roboforex
|
eToro
|
| Support |
|
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
| Learn More | Visit Forex Club | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with Forex Club
As Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC).
As a new client of Forex Club, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Forex Club in your region. During the Forex Club account opening process, you will be asked to provide Forex Club with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with Forex Club have the following documents available.
- Forex Club require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for Forex Club compliance. This must be dated within the last six months.
- If you plan to fund your Forex Club account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Forex Club platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under Forex Club Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Forex Club's platform.
However, remember that you won't be able to make trades on Forex Club until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Forex Club KYC compliance process as soon as possible to avoid any delays in accessing the Forex Club platform's features.
It is important to note that Forex Club may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Forex Club platform and features immediately. However, you must pass the verification process to start live trading with Forex Club, which can take up to a few business days.
To start the process of opening an account with Forex Club you can visit the Forex Club trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.forexclub-russia.ru/ on March 22, 2023.
Is Forex Club A Good Broker?
We have spent over 5 years examining Forex Club in depth. Although we found some very useful aspects of the Forex Club platform that would be useful to some traders. We feel that a alternative to Forex Club may better suit you.
- Forex Club have a good track record of offering Forex trading, Spread Betting, Share Dealing.
- Forex Club has a history of over 15 years.
- Forex Club has a reasonable sized customer support of at least 10.
- Forex Club are regulated by the Cyprus Securities and Exchange Commission (CySEC). Forex Club is subject to strict regulatory oversight from its respective jurisdiction, which holds Forex Club (the broker) accountable for misconduct. This regulatory framework helps ensure that Forex Club operates fairly and transparently and provides Forex Club customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Forex Club.
- Forex Club have regulation from reputable regulators.
- One of the advantages of using Forex Club is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Forex Club are particularly important as Forex Club traders want to receive their money quickly. With the efficient Forex Club payment processing system, traders can enjoy faster access to their Forex Club funds.
- Forex Club have an international presence in multiple countries. Including local Forex Club seminars and training.
- Forex Club can hire people from various locations in the world who can better communicate in your local language.
Forex Club Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
Forex Club not quite right?
If after reading this Forex Club review, Forex Club does not fulfill your needs check out these Forex Club Alternatives.
Click here to view the best Forex Club Alternatives
We have spent years researching the best alternatives to Forex Club. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective Forex Club alternatives available today. If you are unsatisfied with Forex Club or want to explore other options, we recommend checking out our carefully curated list of highly-rated Forex Club alternatives. Follow the links below to learn more about these Forex Club broker alternatives and choose the one that best suits your trading needs.
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Related Forex Club Vs Comparisons
Throughout our comprehensive Forex Club review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing Forex Club against other popular brokers in the industry, check out our Forex Club Vs pages. Our team has compiled a series of detailed Forex Club comparison articles, pitting the Forex Club platform against some of the best-rated Forex Club competitors in the market. Dive into our informative Forex Club Vs pages below to find out how Forex Club stacks up against other leading brokers.
- ForexClub vs ICMarkets
- ForexClub vs Roboforex
- ForexClub vs eToro
- ForexClub vs XM
- ForexClub vs Pepperstone
- ForexClub vs XTB
- ForexClub vs NordFX
- ForexClub vs AvaTrade
- ForexClub vs FPMarkets
- ForexClub vs Trading212
- ForexClub vs easyMarkets
- ForexClub vs SpreadEx
- ForexClub vs FxPro
- ForexClub vs Plus500
- ForexClub vs AdmiralMarkets
- ForexClub vs ThinkMarkets
- ForexClub vs HYCM
- ForexClub vs Axitrader
- ForexClub vs ForexMart
- ForexClub vs Eightcap
- ForexClub vs ForTrade
- ForexClub vs PhoenixMarkets
- ForexClub vs ETFinance
- ForexClub vs EZINVEST
- ForexClub vs FXPrimus
- ForexClub vs InteractiveBrokers
- ForexClub vs LondonCapitalGroup
- ForexClub vs Forex.com
Forex Club review
FOREX CLUB Frequently Asked Questions
Read our detailed Forex Club FAQ Section updated for 2023.
Can I try Forex Club?
Forex Club offer a demo account so you can try the Forex Club platform with virtual trading before you put down a payment. Virtual trading with Forex Club is zero risk. Learn more here
What funding methods do Forex Club accept?
Please note that the list of payment methods below depends on the Forex Club Entity and the client's Country of Residence.
Forex Club offer the following funding payment methods Paypal or Skrill, Credit cards, Debit cards, bank wire, ewallets, Neteller, Skrill, Electronic wallets (eWallets), among other payment methods.
Learn more here
Is Forex Club safe?
Forex Club have over 10,000 users. Forex Club are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to Forex Club accounts by traders are held in a segregated bank account. For added security,Forex Club use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with Forex Club is risky, and because the market is so volatile, losses could happen at any time.
Your capital is at risk
Is Forex Club trading good?
Forex Club is considered good and reputable to trade with Forex Club. Forex Club is used by over 10,000 traders and Forex Club users. Forex Club offers Forex trading, Spread Betting trading, and Share Dealing trading. Minimum deposit with Forex Club is 100.
Is Forex Club trading Legit?
Forex Club was founded in Russia in 2008. Forex Club has been facilitating trade on the financial markets for over 15 years. Forex Club offers clients Forex trading, Spread Betting trading, and Share Dealing trading. All funds deposited to Forex Club are held in segregated bank accounts for security. Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.
Is Forex Club a good broker?
Forex Club allows Forex trading, Spread Betting trading, and Share Dealing trading. Forex Club is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.
Is Forex Club trustworthy broker?
Forex Club is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Forex Club, money is in a segregated bank account that is separate from Forex Club company's funds. As a regulated broker, Forex Club cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Forex Club. Instead, your Forex Club funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Forex Club. Also Forex Club is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit for Forex Club?
The minimum deposit to trade with Forex Club is 100.
How long do Forex Club withdrawals take?
Withdrawing money from Forex Club processing time varies depending on the method but averages 1-5 days.
Is Forex Club regulated?
Forex Club is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of Forex Club maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is Forex Club a market maker?
Forex Club is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Forex Club even if no buyer or seller is lined up.
How can I start trading with Forex Club?
When opening a trading account with Forex Club, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Forex Club trading platforms, you can follow the link provided below: Learn more about signing up with the Forex Club trading platform here. This will provide useful information and insights into the various trading platforms offered by Forex Club, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with Forex Club?
Yes your money is safe with Forex Club.
Overall, strict financial regulation is essential for ensuring that trading platforms like Forex Club operate fairly, transparently, and responsibly, which ultimately benefits all Forex Club stakeholders involved.
Trading platforms like Forex Club must have strict financial regulation for several reasons:
- Protecting Forex Club Investors: Strict financial regulation ensures that investors who use the Forex Club trading platform are protected against fraudulent or unethical behavior by the Forex Club platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Forex Club platform.
- Maintaining Forex Club Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Forex Club trading platform. Regulatory procedures reduce the likelihood of the Forex Club platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing Forex Club Transparency: Regulations require trading platforms like Forex Club to maintain detailed records and disclose Forex Club client information. Financial regulatory requirements enhances transparency and helps to build trust between the Forex Club platform and its investors.
Forex Club is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as Forex Club, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Forex Club ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Forex Club.
Is Forex Club a con?
Forex Club is regulated and well established, having been in business for over 15 years. Forex Club is not a con.
Can you make money with Forex Club?
Although traders have had great success with Forex Club, trading on the financial markets with Forex Club is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does Forex Club have fees?
Forex Club withdrawal fees vary on payment method.Forex Club does charge a fee for inactive accounts. Forex Club do charge deposit fees.
When was Forex Club founded?
Forex Club was founded in 2008.
How many people use Forex Club?
Forex Club is used by over 10,000 registered Forex Club users.
What is Forex Club Headquarters country?
Forex Club has its head quarters office in Russia .
Does Forex Club offer negative balance protection?
Forex Club does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does Forex Club offer guaranteed stop loss?
Forex Club does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does Forex Club allow scalping?
Forex Club offers scalping.
Does Forex Club allow hedging?
Forex Club does not offer hedging.
Does Forex Club offer CFD trading?
Forex Club offers CFD trading.
Does Forex Club offer STP?
Forex Club offers STP trading.
How many people use Forex Club?
Forex Club is used by over 10000 Forex Club users and traders.
Is Forex Club an ECN broker?
Forex Club offers ECN trading.
Does Forex Club offer a demo account?
Forex Club offers a demo account.
Does Forex Club offer an Islamic account?
Forex Club offers an Islamic account.
What are the funding methods for Forex Club?
Please note that funding methods and options available with Forex Club can be found in the Forex Club Members area and depend on the Forex Club client’s country of residence. Please check your specific available payment methods on the Forex Club website. Forex Club accept the following funding methods : Paypal or Skrill, Credit cards, Debit cards, bank wire, ewallets, Neteller, Skrill, Electronic wallets (eWallets).
Forex Club review written by Andrew Blumer and Mark Hansen
