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Forex Trading Reviews & News 
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Info |
| Name | Forex Club |
| Website | "ForexClub.biz" |
| Established | n/a |
| Country | USA |
| Platform | Web, Mobile, Download |
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Advantages |
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Disadvantages |
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It’s no secret that all Forex brokers are not created equal, but Forex Club illuminates this supposition by offering three distinct trading platforms that cater to both novice traders and those who consider themselves as Forex experts. As industry veterans for over ten years, it’s no surprise that Forex Club has a keen understanding of the global Forex trader. For this Forex Club review, we’ve tested the features, ease of use, customer support and other aspects of Forex Club to help you determine if this broker is right for you. Traders from the United States can check out our FX Club review, to learn more about Forex Club’s US counterpart which is regulated by the NFA.
General Information
Founded in: 1997
Headquarters: British Virgin Islands
Maximum leverage: 1:100
Minimum deposit: $200 (with Rumus and StartFX platforms)
Minimum deal size: 10,000
Languages available: English, Chinese (Simplified), Russian
Trading Platform
In a market flooded with hundreds of Forex brokers, Forex Club distinguishes itself by offering three unique trading platforms. During the course of our Forex Club review, we came to appreciate the StartFX platform the most, because it directly addresses the needs of new traders who are often neglected by respected Forex brokers who would rather cater to experienced traders. Specifically, StartFX offers Forex trading of 11 currency pairs without the distraction of Forex analysis that is found in most trading platforms. StartFX explains the trading process from start to finish in a gentle, informative way that makes traders feel empowered and comfortable with their decisions. StartFX also has a demo account which can be used for free for 14 days.
StartFX Platform (Click to enlarge)
Traders with minimal experience and those with vast experience can both enjoy Forex Club’s second platform, ActTrader, which is available with the company’s ActiveFX account. ActTrader is available in downloadable and web-based versions, as well as in a mobile version. It integrates market analysis with a straightforward user interface, which creates a comfortable trading experience. ActTrader is the only one of Forex Club’s platforms that offers no dealing desk executions, which can be a significant advantage for all Forex traders. ActTrader trades 22 different currency pairs and includes an autotrader. The practice version of ActTrader can be used for 30 days.
ActTrader Platform (Click to enlarge)
The Rumus platform is Forex Club’s third trading platform, and with 77 trailing indicators and 17 charting tools, it’s obvious that Rumus provides an unparalleled trading experience for advanced traders who rely heavily on technical analysis. Like the ActTrader platform, Rumus trades 22 currency pairs, and is available in a mobile version. It also has a 30 day demo account version available. However, while the ActTrader platform has different applications for iPhone and Android phones, Rumus’s mobile integration is geared for all types of phones and does not cater specifically to higher-end phones.
Features
In the scope of our Forex Club review, we came across several useful features offered by the broker, as well as several which we felt were underutilized. We were most impressed by the Autochartist, service that deciphers charts and trends in understandable way and which we found to reduce the stress associated with understanding technical analysis. We were also intrigued by the TradingCentral service, which serves as a free signal provider for traders who deposit $1500 or more into their account.
On the other hand, we were disappointed with Forex Club’s user forums and news services, which were clearly neglected parts of the site. The user forums, which should have been a tremendous resources for users looking for peer advice, were crowded with irrelevant and inappropriate information, and the news section seems to be updated about once a week, which is not often enough to let traders get a sufficient understanding of factors that can affect the market.
Customer Service
Like most Forex brokers, Forex Club offers customer support via phone, email and online chat. One addition that Forex Club offers is the ability to request a callback, which can be convenient for traders who don’t want to pay for a long distance call to the company’s American-based phone number. We found, however, that Forex Club’s phone support team answered calls within 2 minutes, and that the phone operators were able to answer our questions accurately and politely.
We were equally impressed with Forex Club’s chat service, which offered quick responses to our questions on multiple occasions.
Chat with Forex Club Support (Click to enlarge)
We were slightly disappointed to see that Forex Club doesn’t offer the same trading education that other brokers such as eToro offer. Noticeably missing from Forex Club’s website were the webinars, e-courses and even articles that are so abundant on other broker sites. We did find FAQs and a glossary on the company’s website, which were well-organized and somewhat useful.
Nevertheless, we were glad to see that Forex Club’s website has a search feature, which was instrumental in helping us find answers to our questions independently. While you might think this is a standard offering, it’s worth noting that many top Forex brokers like Plus500, do not offer this means of finding information.
Ease of Use
Forex Club has a neat, organized website that is clearly designed with the user in mind. With a singular top navigation, users should be able to find what they’re looking for quickly and easily. Clear comparisons of account types and trading platforms enable prospective users to see at a glance which platforms offer the features they’re looking for.
Once a user chooses the right type of account, registration is straightforward and shouldn’t take more than a few minutes. Depositing money into your account is simple because Forex Club accepts several payment methods including most major credit cards, wire transfer and payment via MoneyBookers, and online payment portal.
Forex Club’s trading platforms are just as intuitive as their website. Large buttons that combine text and images make it easy for users to find the action they’re looking for, and amply-sized boxes provide a plethora of information on the platforms’ main pages without being overly crowded or difficult to read. Overall, we found that Forex Club was easy to use from start to finish.
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FX BONUSES & PROMOTIONS
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See All Bonuses
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Live FX Rates
| Symbol | Change | High | Low |
|---|
| EUR/USD | 0.0048 | 1.2578 | 1.2564 |
|---|---|---|---|
| AUD/USD | 0.006 | 0.9831 | 0.9799 |
| EUR/GBP | 0.0019 | 0.8016 | 0.801 |
| EUR/JPY | 0.33 | 100.19 | 100.01 |
| GBP/USD | 0.0028 | 1.5692 | 1.5678 |
| USD/CAD | -0.0035 | 1.0271 | 1.0256 |
| USD/CHF | -0.0034 | 0.957 | 0.9563 |
| USD/JPY | -0.07 | 79.73 | 79.57 |
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11 Comments Add Comment
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My attitude to Forex Club is absolutely positive. I chose this broker as it is one of the oldest and most reliable on the market. Their platforms are convenient, spreads and deposits - reasonable and support team - really helpful. I hope that in future their conditions and services will only improve.
Paradema March 2012 -
I began to trade not a long ago and to be honest I wasn't lucky at the very beginning. Like most newcomers I lost my first deposit but I didn't give up. I decided to learn more about trading and so I studied a lot of materials presented on FC's site. I took part in several contests which was really exciting and finally gained some experience. Now I trade with Forex Club quite regularly and I'm really satisfied with my choice.
Kevin Presly March 2012 -
Of all the brokers ive joined, FC is the best experience i have with forex! there are alot of way to make more here, through contests, campaigns, etc!
helena January 2012 -
I've been cooperating with Forex Club for more than 3 years and I can say that this company deserves only positive reviews. FC does its job very well and I hope it will continue in the same in future. I especially appreciate its forum which can be really helpful sometime.
Jack Burn January 2012 -
To my mind Forex Club is a good broker, it has millions of satisfied clients and a stable reputation on the market. The company provides comfortable conditions for trading and it grows and develops every day. I'm glad that I have such a great business partner that really helps me to be more successful in life.
Alan Miln December 2011 -
My opinion is that Forex Club is a good company however it has some room for improvement. Order execution is a bit slow and it would be a good idea to provide new, more modern platforms. As for the rest I believe the company does its business quite professionally and tries to perform a good service for its clients.
Christine Lane November 2011 -
I like this company. As far as I know its an old and reliable broker. It provides different packages of services and useful information for a newcomer like me.
MadMax October 2011 -
I consider Forex Club to be one of the most reliable and professional brokers. I haven't had problems with this company so far. The secret of my success lies in sharing the experience with other traders on the company's forums, close monitoring of the situation of the forex market and the right choice of platform.
Lara2011 October 2011 -
FC is a respectable company and I never regretted that I chose it as a trading partner. I don’t make a lot of money on forex but it helps me to cover some extra expenses. I chose Rumus as this platform is designed in a professional way and make the process of trading comfortable and safe. My first income was only 30$ but while I was learning more I started to earn also more.
Peter October 2011 -
I have some experience in trading and I can say that a lot depends on your broker. Forex Club performs its funstions very well. I have nothing to complain about. To get used to the playforms is just a matter of time, I personally prefer Rumus as I like its design and functionality. Never had issues with getting cash and this is a great plus for the company.
Zack September 2011 -
My favorite broker! I love their forum support at forum! I like their bonuses and contest and often take part in them. And most importantly, they are always quickly withdraw the money. They are the best, it's true.
VV September 2011
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