Review

Forex Club, established in 1997, is the brand name for a group of companies that provides clients from over 120 countries with platforms and services for trading Forex, CFDs and other online trading and educational products.  ForexClub was one of the industry’s first to offer zero spread trading and commission refunds on all unprofitable trades. Traders can choose from 45 currency pairs and more than 100 CFDs.

Their Russian broker, LLC ForexClub, is a founding member of CRFIN, the Russian self-regulatory organization.

Accounts

The minimum deposit size is $200 and $10 is the minimum amount needed for trading. The recommended initial deposit is $5,000. Typical leverage is 1:100, though 1:50 and 1:200 leverage is also available. Maximum leverage for accounts holding over $300,000 is 1:500. 100,000 base currency units is a standard lot, and 1 000 base currency units is the minimum lot.

Forex Club Account Types
Forex Club Account Types

Demo accounts at Forex Club start with $50,000 in virtual money and can be used for 30 days. They can be extended from the Account Management Area by having at least $300 in an account or a non-expiring training account can be opened with $1,300.

Forex Club offers Swap accounts. Forex trading is a SPOT trading, which means that all trades are settled on the second business day after a position has been opened. Swap operation is used to avoid the physical delivery of a currency. In essence, in the end of each trading day, all positions are closed and immediately re-opened at SWAP price. SWAP is executed automatically at 21:00 GMT.

Trading Instruments Comparison
Trading Instruments Comparison

Features

The Navigator window provides quick access to various program functions. It includes a list of accounts, and available technical analysis indicators.

The Navigator also provides a list of all available custom indicators and scripts – libraries of custom functions that are used to keep frequently-used parts of custom programs. And Autochartist, a system of notification of appearing graphic models and trading signals, is also available.

The Expert Advisor program written in MetaQuotes language implements a specific trading strategy. The Expert Advisor has access to the terminal data and can execute trading transactions automatically

Another interesting feature at ForexClub is TradeCloud which is a web-based system which makes all Forex Club trading platforms accessible from any PC, laptop, iPhone, iPad, or Android connected to the internet. TradeCloud eliminates the fundamental drawbacks of desktop platforms and effectively provides traders with the power, reliability, and security of a mainframe, from anywhere in the world.

Trading Central is sophisticated software that does the complicated math so traders can see the direction and duration of current trends for a chosen currency pair as patterns emerge. This analysis gives the actionable intelligence needed to find the best possible trading opportunities.

It offers an intuitive interface, constant coverage of the market with signals updated multiple times an hour and back tested indicators to assess and ensure trends and to pinpoint optimal times to place trades. Coverage includes Forex, S&P, DJI30, Nasdaq, Gold and Oil and Japanese Candlesticks confirm trend reversals or acceleration.

Trading Central is free for Forex Club customers with deposits of $1,500 or more. In fact, all the services at ForexClub are provided free of charge with a certain level of deposit. Autochartist is available from the very beginning whereas Trading Central signals are available for subscription after your deposit exceeds $500.

Forex Club’s Sentiment Index displays changes in the ratio of traders buying and selling a specific currency for a given period of time. The index is also used to forecast the best time to buy or sell a currency and is a tool that gives traders a better understanding of the current market situation in greater detail.

Several chart patterns are presented and they are explained in detail. These include three different types of triangles—Symmetrical, Descending and Ascending; Double Tops and Double Bottoms, Head and Shoulders, Reverse Head and Shoulders and more.

Education

The news feed DJ Forex is a joint project of the world's largest news agency Dow Jones Newswires and the Russian leading news agency Prime-TASS. All news is sent to the client terminals as it is received from the above-mentioned sources.

News articles from Dow Jones Newswires come in English, and the most important articles are translated by Prime-TASS into Russian.

Anything a trader needs to know and much more is presented in a highly detailed FAQ section.

Forex Education
Forex Education

Deposits/Withdrawals

The minimum deposit to a Forex Club account is $50 which can be done by credit cards, wire transfers and several online payment programs.

Withdrawals are made using the same methods.

Customer Support

Traders can contact the company 24/7 via telephone, e-mail and on-line chart. For the Russian clients there is a free number 8-800. Support responses are fast and professionally.

The website is available in English, Russian, Portuguese, and Chinese.

Conclusion

Forex Club has a wide range of features that suit both new and experienced traders. I was pleased to see that a demo account is available with a generous amount of virtual money. I was disappointed, however, that there were no bonuses or promotions offered, something that most brokers use to attract more clients.

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Features

Forex Club has many features that are not found with other brokers such as their Navigator, Sentiment Index, Trade Cloud, Autochartist and Trader Central. In addition, they offer traders a choice of several different trading platforms which not all brokers provide. The various other interesting features are geared to ease the trading process, teach traders to be more profitable and are applicable to traders on all levels of trading.

Company Information

  • Broker's Name : Forex Club
  • Headquarter : Russia
  • Regulation : CRFIN

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $500
  • Maximum Leverage : 1:200
  • Account 1 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Other
    • Platform Languages :
      • Russian
      • Portuguese
      • Dutch
      • Bahasa
    • OS Compatibility :
      • Mobile
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Chinese
      • Russian
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

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Platforms

There are four platforms to choose from at Forex Club.

Platform Comparison
Platform Comparison

Libertex

Libertex is ForexClub’s in-house investment and trading terminal. Libertex allows traders to work with the most popular financial instruments (currencies, metals, shares, energy products, indices etc.) from one terminal using all types of desktop and mobile devices without extra settings and special training.

The key advantage of Libertex is that all the aspects of trading such as spreads, margin, lots are inside the system’s heart. Trader’s need only decide the amount of trade and the asset’s direction. Thus, newcomers don’t need to have deep knowledge of the financial markets whereas professional traders have an access to a powerful toolkit of the technical analysis.

The terminal is available from the browser and as a mobile app Libertex for iPhone and Libertex for Android. Both apps are free and easy to download from AppStore or Google Play. The programs include almost all the functionality of the version for PC. There is functionality for Apple Watch available in the app for iOs.

Forex Club Libertex
Forex Club Libertex

MetaTrader 4

МТ4 is the most popular trading terminal among traders from all over the world. It is simple, quick and offers the use of automatic strategies. Thanks to partner relationships with the company «First Derivatives», a bridge «One Zero» and «No Dealing Desk» technology the operating speed in normal market conditions and sufficient liquidity has increased to 1 millisecond.

Traders receive over 10 000 written indicators, scripts and for МТ4 and can choose from over 100 instruments. МТ4 requires pre-installation on the desktop computer.

The Rumus terminal is also Forex Club’s personal in-house development. The terminal does not allow the option of automatic trading. However, it remains in-demand among those who prefer to use it. The main advantages of Rumus are settable program windows, method of execution Request Execution and great opportunities in using built-in indicators.

StartFX

ForexClub’s exclusive StartFX is a progressive Forex trading platform designed just for beginners. It starts traders off with the most basic functions necessary to trade Forex. More advanced functions and options then automatically increase along with traders' experience level. Technical analysis is really simple because there is a built-in advisor for placing trades.

Mobile

MetaTrader4 Mobile supports PDAs with Windows CE or Windows Mobile installed. There was no MetaTrade terminal for Mac OS or Linux at the time of this review.

Mobile Trading Platform
Mobile Trading Platform

Rumus

Rumus is Forex Club’s most exclusive Forex trading platform. Designed for experienced Forex traders Rumus is a fully customizable platform loaded with indicators and 50+ oscillators, advanced and versatile charting techniques available and the ability to trade directly from charts. Rumus helps the experienced Forex trader hone the necessary skills to achieve optimal trading strategies and results.

MultiTerminal

The MetaTrader 4 MultiTerminal trading platform is designed for managing multiple trading accounts, in real-time, simultaneously. It is identical to MT4 in scope and functionality, but traders an choose between lot allocation on equity ratio, free margin ratio, equal parts, total volume for each order, and predefined volume. Up to 128 accounts can be managed in real time.

The MultiTerminal platform gives traders the opportunity to distribute volume across accounts in order to place the necessary volume for each order. Choose between equal distributions or distribute funds automatically, based on assigned funding ratios.

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User Reviews

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37 User Reviews
Robert Laget
Robert Laget

I love this broker. Forex Club gave me a chance to make my life better and to develop as well. I can't say that it was easy: I studied really hard and lost many times before I started to understand how to trade and managed to work out my own strategy. I'm glad that I decided to try forex-trading and was lucky to choose the right broker.

Lee HRD
Lee HRD

I appreciate Forex Club as this company taught me a lot. I started to trade over 5 years ago and now I can say that FC made me a professional trader. The educational materials together with interesting forum helped me to gain necessary experience. Now trading is my main sourse of income.

Kelly Brew
Kelly Brew

I believe that Forex Club is an excellent broker. I was lucky to choose it at the very beginning of my trading career and I'm happy that we are still together. FC gives me all I need: comfortable platforms, reasonable spreads, fast withdrawals and only the latest and most important information.

David Sher
David Sher

I came to Forex Club over 3 years ago and since then I've been successfully cooperating with the company. I studied a lot of educational materials and tried various trading tools before I started trading with a live account. Now I can't imagine my life without Forex. And I consider the company my reliable trading partner.

Alice Heck
Alice Heck

I'm not a very experienced trader but I believe that your success in this business partly depends on the broker. If the broker is honest and reliable you have much more chances to earn real money. Of course a lot depends on your knowledge and persistence. Forex Club gives everything a trader needs, all you have to do is to have good brains and desire to learn and to practice regularly.

Paradema
Paradema

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.

Kevin Presly
Kevin Presly

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.

helena
helena

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!

Jack Burn
Jack Burn

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.

Alan Miln
Alan Miln

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.

Christine Lane
Christine Lane

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.

MadMax
MadMax

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.

Lara2011
Lara2011

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.

Peter
Peter

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.

Zack
Zack

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.

VV
VV

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.

anastasija
anastasija

I can say that my advisors works perfectly at Forexclub's trading software. I haven't faced any problem with withdrawals. At that rate I'll keep working with them and recognize, they are really great broker!

Gleb
Gleb

Can't say anything bad about. Their ACT Trader platform is the best.

Marina
Marina

It's a good dealing center. I am a beginner in trading and I'm learning yet. I tried other dealing centres, but I liked Forex Club the most. They have a lot of trading tools, the support is very helpful and in fact everything is awesome. I am pleased to trade at Forex Club.

Basile
Basile

I found this broker very good. There are no re-quotes at all because of RFQ.

switlana
switlana

I've been trading with Forex Club for about a year. I trade on ExpressFX and chart with their ClassicFX platform. ClassicFX is extremely customizable, and I can make it look exactly how I'd like it to look and run the way I want it to run. Slow execution times which can be frustrating, but it's at the expense of no slippage.

Sandra
Sandra

I personally believe that Forex Club is a great company. Of course it has some problems but to my mind every broker has them. I choose FC as they prove their reliability every day: in providing the services, delivering cash and dealing with clients' issues.

sveta
sveta

As far as I know FC is an international company, and it’s on the market for about 14 years. I personally like rumus and various program packages.

Ann
Ann

Forex club is the company I trust and recommend to everybody. Nothing to complain about: I always know that my profit depends only on me. Though order performance sometimes is not fast enough, I'm sure that no one is cheating me.

David
David

I have few accounts with Forex Club since last years. Great for the traders! Easy to deposit and also easy to withdraw money. I have no problem until today. This is the best company!

Stas
Stas

I've trading with Forex Club for 6 years and I'm fully satisfied with this company. Good service and reliability - that is what I appreciate most of all. Never thought of changing the broker and believe I never would.

Basile
Basile

Tried a lot of brokers, now have the account in FC. Everything is greate, comfortable trading conditions.

Artem
Artem

I have found Forex Club to be a very good all around and pleasing experience for myself and anyone looking for a good hands on currency broker to gest involved with. Special thanks fo to Paul for helping me get through the rough spots.

Maxim
Maxim

I've been trading with FC for more than 2 years and I believe the company has everything that a trader needs: reasonable spreads and deposits, modern platforms and helpful support team.

Cristine
Cristine

For me there is no better broker than Forex Club. I find everything really satisfying in this company. If you're the beginner you can start from reasonable deposit and learn everything gradually getting the necessary information from the site which is very helpful.

Balalaika-Vodka-Lenin
Balalaika-Vodka-Lenin

Tried a lot of brokers and for now have the account in FC. Everything is great, quite comfortable trading conditions.

Martin
Martin

I prefer Forex Club as they offer the best service I've ever had. Everything is done to help the beginner: lots of useful information, comfortable platforms, fast and safe withdraws, what else can be desired? I would never change FC for any other broker!

Ivan
Ivan

For me it is a best broker. I've been trading for FC about 3 years — no troubles at all.

valery
valery

It’s an old and reliable company. I’ve been trading with them for about a year and have no serious problems. What I like most its how they work with customers.

Vita
Vita

Looked here at disadvantages,and decided to post a comment. That's absolutely not true, that they neglect user forums, and have inadequate Forex education center. I love their forum which is one of the most active and liberal. The moderation is adequate, not restricting people to voice their thoughts!

Artak
Artak

I've been trading at Forex Club for 2 years. I like their service. They offer different ways to fund my depo, variety of platforms and good trading support. Besides Forex club is safe and old company therefore you can trust them.

Mariy
Mariy

This broker is nice. Very helpfull persons at customer service, i must say. FOREX CLUB is the most honest broker I have been with. Simply the best. I know when I have problems with FOREX CLUB, they ALWAYS Pay for their mistakes. Withdraws are easy and fast. Of course there is a lot of room for improvement for FOREX CLUB but compared to the rest, It is second to none.

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Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.


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Review info: Forex Club
Review Date:
Rating : 4
Reviewed By :