Forex Club Guide – Read our In-Depth Forex Club Review
Forex Club Rating: 6.11 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You will get adept at all of the concepts of brokerage since you continue trading. For starters, you have to choose the ideal agent who will be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program will create hefty returns. Forex Club is just one such platform that will take you along with your investment to great heights. It is important to understand about Forex Club until you trust them with your cash.
Forex Club Guide – Brief Summary
Forex Club Telephone Number:
Forex Club Email Address:
Forex Club Address:
Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ Forex Club users and traders
Forex Club LinkedIn:
Forex Club Facebook:
Forex Club Facebook Likes:
Forex Club Twitter:
Forex Club Twitter Followers:
Forex Club Instagram:
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Forex Club Youtube:
Your capital is at risk
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|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ Forex Club users and traders|
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|Forex Club Facebook Likes:||0|
|Forex Club Twitter:||@|
|Forex Club Twitter Followers:||0|
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Your capital is at risk
Our full Forex Club Review covers all you need to learn about trading using Forex Club. A good broker can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It is a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
Forex Club is a broker which has forged its way successfully into the broker world. In this review, we've tried to collate some of the important aspects of Forex Club. This review will help you to know whether Forex Club is a fantastic fit for your own investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Forex Club Review, Table Of Contents
- Who are Forex Club?
- Benefits Of Trading With Forex Club
- Everything you should know about trading with Forex Club
- Is Forex Club Safe To Trade With?
- Forex Club Risk Disclaimer
- Pro's & Con's Of Trading With Forex Club
- Compare Brokers Similar To Forex Club
- Regulation And Licencing In More Detail
- Forex Club Awards
- Minimum Deposit Required For A Live Account With Forex Club
- Forex Club Commission And Fees Explained
- Compare broker fees against Forex Club
- Forex Club Withdrawal Fees Explained
- Forex Club Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Forex Club?
- Alternatives To Forex Club
- Frequently Asked Questions About Forex Club
Who are Forex Club?
Forex Club is a foreign exchange broker headquartered in Russia and provides a range of instruments for trading. Since its establishment in 2008, Forex Club has emerged as a top player in the field of online broker. Forex Club has a highly aggressive and full-featured trading site that is focused on currency, 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 client base is becoming as big as 10,000+ clients.
Forex Club is the favourite for many dealers.. Our Forex Club review discovered that they're an superb alternative for automated trading solutions. It is most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the core at Forex Club.
Technology plays a substantial role in Forex Club. Forex Club features trading on MT4,WEB,desktop. Forex Club is fair, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource section at Forex Club is quite insightful for new dealers since it permits them to get a closer look in the financial markets. Forex Club caters to all sorts of traders and are a must-have broker for almost any well-diversified method of trading.
Forex Club Videos
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.
Everything you should know about trading with Forex Club
Forex Club is a dynamic platform that offers various methods of trading online. These instruments cover the financial markets considerably. Most of the broker platforms offer less methods than Forex Club
If you wish to trade with Forex Club, you will need a minimum deposit of $100. This deposit is required if you wish to start trading with Forex Club. This 2021 Forex Club review will direct you easily about trading with them.
Forex Club is as versatile as any other broker platform. Forex Club is ideal for traders that want a manageable array of low-cost services. The programs offered by Forex Club are third party, white-label offerings. All traders can choose from MT4,WEB,desktop.
Along 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 has to be kept available. The brokers provide premium client service that rewards customers with advantages.
Many less reputable brokers attempt to pressurise consumers into bigger funding for premium services. Forex Club, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.
Forex Club accounts are available globally and provides quality 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:
BR, KR, IR, IQ, SY, JP, US
Is Forex Club Safe To Trade With?
Launched in 2008, Forex Club has been operating for 13 years, they have a head office in Russia.
Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that ensure that trading platforms have ploicies in place to maintain investor's assets procured. This means that Forex Club users don't need to worry about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.
You are able to make use of a choice for 2 Factor Authentications (2FA) with Forex Club for heightened safety. An SMS for the verification code will be sent to a phone. You will be required to input this code to log in to your account.
Another concern with fiscal brokers with respect to security might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.
Forex Club Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Forex Club
Every online trading platform has a few ups and downs, and no Forex Club review would be complete without having a balanced approach. 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 has low minimum deposit requirements
- Forex Club doesn't charge withdrawal fees
- Forex Club doesn't charge inactivity fees
- Forex Club doesn't charge deposit fees
- Forex Club doesn't charge CFD fees
- Forex Club offers social trading
- Forex Club offers trailing stop
- 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 English, and Chinese
Forex Club Con's
- Forex Club does not offer Negative Balance Protection
- Forex Club does not offer Guaranteed Stop Loss
- 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 doesn't offer copy trading
Forex Club Review - Compare Brokers Similar To Forex Club
|Rating||6.11 / 10||4.55 / 10||6.16 / 10||2.11 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304||Cyprus Securities and Exchange Commission (CySEC)||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||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 business, has a powerful set of rules for ensuring fair trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
Forex Club Review - AwardsAt the time of writing this Forex Club review, and despite Forex Club’s impressive offering, the company has surprisingly not garnered any other awards to date.
Forex Club Trading Platforms
Forex Club are a reputable trading platform that has been operating for over 13 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any reputable online trading platform and compare Forex Club against selftrade, TopForex, and Binary.com
Forex Club Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on Forex Club is $100. This is a decent amount for people just starting out. It's possible to create more complex deposits as you cooperate. But, make certain you understand 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 broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily affected by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you are spending a spread, funding rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people who are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are charged for things 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 fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees charged by Forex Club are relatively higher. As a result, you are charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not about the sale and purchase 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 Review - Withdrawal Fees ExplainedForex Club doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from the Forex Club account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the margin used. 1 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 account you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Forex Club will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to withdraw in.
Forex Club Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind when open an account with Forex Club. An inactivity fee is an amount charged to registered traders who haven't participated in purchasing or selling for some time. The period regarded as inactive is determined by the broker.
The inactivity fee also differs from one broker to another and isn't generalized. If a dealers account does not have a buying or selling transaction, it is claimed by the broker as an inactivity charge. The traders have to pay this commission under conditions and terms that they had consented while registering.
Forex Club doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees have been indicated by Forex Club, it is better for you to close the account if you are inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is subjected to a lot of circumstances and needs to be revealed clearly by the agent 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 just have to finish a single-user profile survey to start depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit large amounts.
Forex Club Review - Compare Broker Deposit Methods
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 differ 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 currency pairs is of interest to you then Forex Club offer over forex pairs.
Compare Forex Club, selftrade, TopForex & Binary.com below.
Reviewing The Forex Club Mobile App
Note: Forex Club's mobile app has many functions and is being constantly improved. The below information was correct at the time of compiling this Forex Club review.
Understand the capabilities of the mobile apps of Forex Club, selftrade, TopForex & Binary.com below.
Alternatives To Forex Club
If, after studying this Forex Club review, they do not fulfill your needs check out these Forex Club alternatives.
We've scoured the web to find the best alternatives to Forex Club. Click on the links below to find out 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 provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demonstration account on Forex Club, you may set out with a decent amount of virtual money. It is to establish a sense of safety and confidence in you before you choose to invest your own money.
With this virtual Forex Clubdemo account, you are able to experiment at all, to whatever period you desire. You might even open positions, test different trading strategies, and much more.
Forex Club specifies on its official site which you can trade real time stocks in a demo account.
Is Forex Club safe?
You can drop all of your worries because we believe that Forex Club is completely safe to use. It is in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).
Even so, Forex Club does not 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 account with Forex Club is $100. You should have a good hold over the details 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 different payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must keep in mind that PayPal isn't available in every country. The currencies Forex Club
Is my money safe with Forex Club?
Yes, your cash is safe and secure with Forex Club. As you already know, Forex Club operates with proper conformation to. It's established plenty of measures to guard all of its investors.
Forex Club protects its clients' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your account, it is possible to empower Two-Step Verification as well. It takes an SMS confirmation that you get your account.
Is Forex Club trading good?
Yes, trading through Forex Club is a pleasant and good experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you could even gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Forex Club support?
Forex Club operates around the world. However, due to regulations there are some countries that Forex Club does not accept clients from BR, KR, IR, IQ, SY, JP, US
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 an excellent broker, and its own users can vouch for this. The highlight of the platform is its quick order execution on transactions.
You'll find the clean layout of this platform and the admirable 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 indisputably one of the industry leaders. It has over 10,000+ registered users and over 13 years of expertise on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and wide range of resources plus tools so that you can invest in 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, typically, through consistent trading, you can create between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a substantial number of gains. Even though Forex Club provide you all of the tools to earn money, they can't guarantee you will profit.
Does Forex Club have fees?
Yes. To begin trading using Forex Club, you need to deposit $100. Certain commissions while trading additionally apply. Any processing fees from your bank will have 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 agent 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 offer negative balance protection. If your balance is negative, Forex Club suggests that you promptly contact customer services. For this, you are able to correct any imbalances within your own account.
Does Forex Club offer guaranteed stop loss?Forex Club unfortunately, doesn't provide guaranteed stop loss. Forex Club provides a chance to its dealers to close their trades in their given price. Aside from this, Forex Club does not offer guaranteed stop loss.
Does Forex Club allow scalping?Yes, Forex Club do permit scalping. Several traders across the world choose Forex Club due to 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?
No, unfortunately you cannot trade German shares with Forex Club
Does Forex Club accept bank transfers?
Yes, Forex Club accepts bank transfers for depositing money.
Does Forex Club accept credit cards?
Yes, Forex Club accepts credit cards for depositing money.
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?
Yes, Forex Club accepts Payoneer for depositing money.
Does Forex Club accept Neteller?
No, Forex Club does not accept Neteller.
Does Forex Club offer Live Chat customer support?
Yes, Forex Club offers customer support through live chat.
Does Forex Club offer phone customer support?
Yes, Forex Club offers customer support over the telephone.
Does Forex Club offer email customer support?
Yes, Forex Club offers customer support through email.
What languages can Forex Club communicate in?
Forex Club has the ability to communicate and support customers who speak: English, and Chinese
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 capital. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before getting a live account.