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Forex Club Guide – Read our In-Depth Forex Club Review

This Forex Club review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Forex Club review does not apply to US users.

This Forex Club review contains the latest information about Forex Club.

If you are a new entrant in the realm of trading and broker, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You will get proficient at all the concepts of broker as you keep trading. For starters, you need to choose the ideal broker who will be transparent with you constantly.

In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program will generate hefty returns. Forex Club is one such platform which will take you along with your investment to great heights. It is crucial that you understand all about Forex Club until you trust them with your money.

Forex Club review

Our full Forex Club Review covers everything you will need to learn about trading with Forex Club. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a broker service that contrasts with your investment goals.

There is no sure-fire way to ensure profits; therefore, you should carefully assess your broker before you select them. It is a common misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.

Forex Club is a broker which has found its way successfully into the brokerage world. In this review, we've tried to collate some of the important aspects of Forex Club. This review will allow you to understand whether Forex Club is a fantastic fit for your own investments or not. We've attempted to breakdown all the features and charges for your convenience.

Forex Club Review, Table Of Contents

Who are Forex Club?

Forex Club is a forex broker headquartered in Russia and provides a range of instruments for online trading. Since its start in 2008, Forex Club has emerged as a top-tier player in the industry of online broker. Forex Club has an extremely competitive and full-featured trading website that is focused on forex, indices, metals, shares, commodities.

Over the past 13 years, Forex Club has grown into one of the leading online brokers.

After establishing in 2008, their customer base has become as large as 10,000+ clients.

Forex Club is a favorite for many dealers.. Our Forex Club review found that they are an excellent alternative for automated trading solutions. It's most appropriate for investors who are searching for a variety of assets. Social and automated trading options are the heart at Forex Club.

Technology plays a substantial role at Forex Club. Forex Club offers trading on MT4,WEB,desktop. Forex Club is honest, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The educational department at Forex Club is very enlightening for new dealers since it permits them to have a closer look at the financial markets. Forex Club caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of trading with Forex Club?

Trading with Forex Club comes with many benefits. These advantages are what sets Forex Club ahead of the rest of the online agents. You need to check all of the benefits listed so you have a better comprehension of Forex Club.

The broker goes to great lengths to comprehend what dealers need. Consequently, the support cost is low, fast, and convenient. The broker also gives a variety of programs for all types of traders. Forex Club ensures that the individual needs of all online traders are duly met.

Forex Club also features excellent trading conditions which are available to just an elite class of institutional clients. The tight spreads and fast executions are a great benefit for the traders. The technology adopted by Forex Club is among the maximum caliber, making sure that it is fast, reliable, and efficient.

Forex Club admits the significance of owning a fast order execution. A quick execution enables users to trade without fretting about slippage safely. It is going to also aid the traders to catch the utmost profitable opportunities.

Automated trading is another major aspect of Forex Club. A new trader can learn from business experts using the automatic trading alternative. The tight spread starts from as low as 0.0 pips, though they are offered for only razor accounts.

Forex Club has over 103 trading tools to support all kinds of traders. These tools are dynamic and suitable for both the new and experienced traders. The traders can put aside all their worries when trading with Forex Club.

Forex Club overview

Year Founded: 2008

Regulated By: Cyprus Securities and Exchange Commission (CySEC)

Hedquarters: Russia

Minimum Deposit: $100

Number Of Clients: 10,000+

Your capital is at risk

If you feel that Forex Club is not right for you then at the bottom of this Forex Club review you wil find a lot of alternatives to Forex Club.

What you ought to know about trading with Forex Club

Forex Club is a lively platform that provides various methods of trading. These instruments cover the financial markets considerably. Most of the broker platforms offer less approaches than Forex Club

If you wish to trade with Forex Club, you will require a minimum deposit of $100. This deposit is compulsory if you wish to start trading using Forex Club. This 2021 Forex Club review will guide you clearly about trading with them.

Forex Club is as flexible as any other broker platform. Forex Club is great for traders that want a manageable variety of cheap services. The platforms provided by Forex Club are third party, white-label offerings. All traders may select from MT4,WEB,desktop.

Together with everything, Forex Club has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept open. The brokers provide premium customer service that rewards clients with advantages.

Many unprofessional brokers attempt to pressurise users into bigger financing for premium services. Forex Club, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will come along.

Forex Club accounts are available globally and provides outstanding service everywhere they have customers. There are some select few countries where Forex Club accounts are not available. Traders in the following countries cannot open or use a Forex Club account:

Is Forex Club Safe To Trade With?

Launched in 2008, Forex Club has been in operation for 13 years, they have a head office in Russia.

Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that mandate that trading platforms have ploicies in place to keep investor's resources procured. This usually means that Forex Club users don't need to worry about their money as it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.

You are able to make use of a choice for 2 Factor Authentications (2FA) with Forex Club for increased safety. An SMS with the verification code will be sent to your phone. You will be asked to input this code to log into your accounts.

Another concern with fiscal brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with users on the stage.

Pro's & Con's Of Trading With Forex Club

Every online trading platform will have some ups and downs, and no Forex Club review would be complete without showing both sides. This Forex Club review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Forex Club Pro's

  • Forex Club is trusted by 10,000+ clients
  • Forex Club doesn't charge inactivity fees
  • Forex Club doesn't charge deposit fees
  • Forex Club doesn't charge CFD fees
  • Forex Club offer trading on MT4,WEB,desktop
  • Forex Club offer 103 trading instruments
  • Forex Club trades major forex pairs
  • Forex Club can communicate in

Forex Club Con's

  • Forex Club does not offer Negative Balance Protection
  • Forex Club does not offer Guaranteed Stop Loss
  • Forex Club charge withdrawal fees
  • Forex Club doesn't trade minor forex pairs
  • Forex Club doesn't trade exotic forex pairs
  • Forex Club doesn't offer trading on cryptocurrencies

Forex Club Review - Compare Brokers Similar To Forex Club

Forex Club Ya-Hi USAA Argonaut Securities
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $100 $25 $1
Year Founded 2008 2008 2008 2009
Headquarters Russia St. Vincent & the Grenadines United States Australia
Regulated By Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA) Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk

Forex Club Review - Regulation And Licencing In More Detail

Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC).

Forex Club, as a company, has a strong collection of rules for ensuring honest trading onto its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.

Forex Club Review - Awards

    At the time of writing this Forex Club review, they had not received any awards.

Forex Club Review - Minimum Deposit Required

The minimum deposit you need to begin on Forex Club is $100. This is an adequate amount for those just starting out. It's possible to create more advanced residue as you go along. But, ensure you know how to make the most of your cash before investing in larger sums.

Forex Club Review - Commission And Fees Explained

Forex Club is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of clients they have.

However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of fees for this objective.

The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you are spending a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are people that are billed when you hold a leveraged position for longer than daily.

Apart from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.

In general, Forex Club doesn't charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often trade, for example daily or weekly trading.

However, non-trading fees billed by Forex Club are relatively competitive. Consequently, you're billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.

This Forex Club review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against Forex Club

Forex Club Ya-Hi USAA Argonaut Securities
Minimum Deposit $100 $100 $25 $1
Withdrawal Fees variable variable 15$ $10
Inactivity Fees
Deposit Fees
CFD Fees

Forex Club Review - Withdrawal Fees Explained

Forex Club charges a withdrawal fee when you make a bank transfer. Every time you transfer money back into your bank accounts, these withdrawal fees become important.

Withdrawal of money is possible at any time from the Forex Club account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always have to have any money on your accounts.

In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent into the card. Forex Club will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are opting to withdraw in.

Forex Club Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head while open an account with Forex Club. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for some time. The period regarded as inactive is determined by the agent.

The inactivity fee differs from one agent to another and is not generalized. If a traders account does not have a buying or selling transaction, it's claimed by the broker as an inactivity charge. The traders have to pay this fee under conditions and terms they had consented while registering.

Forex Club doesn't charge inactivity fees so you are free to use your account as needed

Even if no fees have been implied by Forex Club, it is better that you close the account if you are inactive. Inactivity fees aren't just charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the broker beforehand.

Forex Club Review - Deposit Fees Explained

When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular operation.

Forex Club doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Forex Club trading platform is easy. You simply have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit large sums.

Forex Club Review - Compare Broker Deposit Methods

Forex Club Ya-Hi USAA Argonaut Securities
Minimum Deposit $100 $100 $25 $1
Credit Card
PayPal
Neteller
Skrill
Payoneer

What Can You trade With Forex Club?

Note: Forex Club offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different depending on the country of residence of the client.

Forex Club has a wide variety of over 103 instruments available for you to trade with.

If trading forex pairs is of interest to you then Forex Club offer over currency pairs.

Compare Forex Club, Ya-Hi, USAA & Argonaut Securities below.

Forex Club Ya-Hi USAA Argonaut Securities
Platforms MT4, WEB, desktop iOS, OS, Desktop, Android MT4 , Android, iPhone, Mac Android, WEB, Desktop, iPhone, Mac
Instruments Available 103 262 242 37
Forex & Crypto
Forex Pairs Available
Offers Major Forex Pairs? Yes Yes No No
Offers Minor Forex Pairs? No No No No
Offers Exotic Forex Pairs? No No No NO
Offers Cryptocurrencies? No No No NO
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes No No No
Trade Energies? Yes No No NO
Trade Agricultural? Yes No No NO
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes Yes No No
Trade US Shares? No No No NO
Trade German Shares? No No No No
Trade Japanese Shares? No No No No


Your capital is at risk


Your capital is at risk


Your capital is at risk


Your capital is at risk

Alternatives To Forex Club

If, after reading this Forex Club review, Forex Club doesn't fulfill your requirements check out these Forex Club alternatives.

We have scoured the internet to find the best alternatives to Forex Club. Click on the links below to learn more.

Frequently Asked Questions about Forex Club

Can I try Forex Club before I buy?

Yes, you can most definitely try Forex Club before you buy. Forex Club offers demo accounts for the ease of beginner traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.

If you sign up for a demo account on Forex Club, you will set out with a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you decide to spend your own money.

With this virtual Forex Clubdemo account, you can experiment at all, to whatever length you desire. You can even open positions, examine different trading approaches, and much more.

Forex Club specifies on its official website which you can exchange real time stocks in a demo account.

Is Forex Club safe?

You can drop all of your worries since we believe that Forex Club is totally safe to use. It's in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).

Even so, Forex Club doesn't provide assured stop-loss protection.

Why does Forex Club ask for my passport?

The reason that Forex Club asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Forex Club has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Forex Club must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Forex Club?

The process to start trading withForex Club is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Forex Club website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Forex Club is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Forex Club.

The best way to kickstart your trading career with Forex Club is to open a demo account facility before risking any real money

What funding methods do Forex Club accept?

There are a number of methods to fund your account with Forex Club. The process is effortless and quick, with various payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal is not available in every place. The monies Forex Club

Is my money safe with Forex Club?

Yes, your money is safe and protected with Forex Club. As you know, Forex Club operates with proper conformation to. It's established plenty of measures to guard all its own investors.

Forex Club protects its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further safeguard your account, it is possible to enable Two-Step Verification also. It takes an SMS affirmation that you get your account.

Is Forex Club trading good?

Yes, trading via Forex Club is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your ease. Moreover, you could also obtain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.

If you remain skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform for yourself.

Which Countries does Forex Club support?

Forex Club operates across the globe. However, due to regulations there are some countries that Forex Club can't accept clients resident in

Is Forex Club legit?

Forex Club is a legit company headquarted in Russia since 2008. They are regulated by Cyprus Securities and Exchange Commission (CySEC). Forex Club is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Forex Club a good broker?

Forex Club is a great agent, and its users may vouch for this. The highlight of this platform is its quick order execution on trades.

You will find the clean design of the platform along with the commendable features that a pleasure to work with.

Is Forex Club a trustworthy broker?

Yes, Forex Club is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Forex Club?

The minimum deposit to open a live account with Forex Club is $100

How long do Forex Club withdrawals take?

Normally, withdrawal of money from Forex Club is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Forex Club to show in your bank account.

Are Forex Club regulated?

Forex Club are regulated by Cyprus Securities and Exchange Commission (CySEC)

Is Forex Club a market leading broker?

Forex Club is currently one of the business leaders. It has over 10,000+ registered users and over 13 years of experience on its own record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.

It simplifies this standing to its incredible platform and broad selection of resources plus tools so that you may put money into capital markets.

Is Forex Club a con?

No, Forex Club is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that Forex Club is not a scam.

Can you make money with Forex Club?

Using Forex Club, several traders make a lot of cash. However, on average, through continual trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but within the entire year, this adds to a significant number of gains. While Forex Club provide you all the tools to earn money, they can't guarantee that you will gain.

Does Forex Club have fees?

Yes. To start trading with Forex Club, you need to deposit $100. Particular commissions while trading also applies. Any processing fees from your bank will need to be incurred by you.

When was Forex Club founded?

Forex Club was founded in 2008 in Russia. Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC).

How many people use Forex Club?

Forex Club is a worldwide recognised broker with 10,000+ customers.

Where is the Forex Club head office?

Forex Club has its head office in Russia

Does Forex Club offer negative balance protection?

No. Forex Club does not provide negative balance protection. If your balance is negative, Forex Club suggests that you contact client services. With this, you can fix any imbalances in your own account.

Does Forex Club offer guaranteed stop loss?

Forex Club unfortunately, does not provide guaranteed stop loss. Forex Club provides an opportunity for its traders to close their trade at their specified price. Aside from that, Forex Club doesn't provide guaranteed stop loss.

Does Forex Club allow scalping?

Yes, Forex Club do allow scalping. Many traders throughout the world select Forex Club for their services that are trading. They offer trading on MT4,WEB,desktop which let this.

Does Forex Club allow hedging?

Yes, Forex Club does allow hedging.

Can you trade energies with Forex Club?

Yes, you can trade energy stocks with Forex Club

Can you trade agricultural shares with Forex Club?

Yes, you can trade agricultural stocks with Forex Club

Can you trade cryptocurrency with Forex Club?

No, unfortunately you cannot trade cryptocurrency with Forex Club

Can you trade metals with Forex Club?

Yes, you can trade metals with Forex Club

Can you trade UK Shares with Forex Club?

Yes, you can trade UK shares with Forex Club

Can you trade US Shares with Forex Club?

No, unfortunately you cannot trade US shares with Forex Club

Can you trade Japanese Shares with Forex Club?

No, unfortunately you cannot trade Japanese shares with Forex Club

Can you trade German Shares with Forex Club?

Yes, you can trade German shares with Forex Club

Does Forex Club accept bank transfers?

No, Forex Club does not accept bank transfers.

Does Forex Club accept credit cards?

No, Forex Club does not accept credit cards.

Does Forex Club accept PayPal?

No, Forex Club does not accept PayPal.

Does Forex Club accept Skrill?

No, Forex Club does not accept Skrill.

Does Forex Club accept Payoneer?

No, Forex Club does not accept Payoneer.

Does Forex Club accept Neteller?

No, Forex Club does not accept Neteller.

Does Forex Club offer Live Chat customer support?

No, Forex Club does not offer customer support through live chat.

Does Forex Club offer phone customer support?

No, Forex Club does not offer customer support over the telephone.

Does Forex Club offer email customer support?

No, Forex Club does not offer customer support through email.

What languages can Forex Club communicate in?

Forex Club has the ability to communicate and support customers who speak:

Does Forex Club have a wikipedia page?

No, Forex Club does not have an official wikipedia page.

Does Forex Club offer demo accounts?

Yes, Forex Club offers demo accounts so you can learn their systems before risking any real money.