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Forex Club Broker Review

Forex Club Review

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FOREX CLUB GENERAL INFORMATION

Found: Forex Club was found in 1998 and went online in 2006

Headquarters: Forex Club is based in New York, USA

US Residents: Forex Club welcomes traders from US –No-

Islamic Accounts: Forex Club supports Islamic Accounts –Yes-

Regulated: Forex Club is regulated by CFTC, NFA and FFMS

Languages: Forex Club web-site supports 11 Languages

FOREX CLUB TRADING INFO SUMMARY


Broker Type: No Dealing Desk (NDD)

CFD Trading: Yes

Platforms: Forex Club Offers MetaTrader 4, ACT Trader, StartFX 2 and Rumus

Trading Time Zone: GMT

Demo Account: Forex Club is providing a Demo Account –Yes-

Typical Spread EUR/USD: Forex Club spread on EUR/USD is 0.6 pips

Leverage: Leverage at Forex Club can be up to 1/200

Scalping: is forbiden at Forex ClubNo-

Bonus / Rebate: Forex Club offers Bonus up to 200 USD

TRADING ASSETS

FOREX CLUB TRADING ASSETS

Forex Club is providing a wide variety of trading assets:

■ 22 Forex Currencies for regular accounts and 50 currencies for MT4 accounts

■ Commodities

■ CFD Trading

■ Several Indices

■ Stocks

COMMISSIONS & LEVERAGE

FOREX CLUB SPREAD & TRADING COMMISSIONS

■ Forex Club Spread on EUR/USD is from 0.6 pip (VIP accounts) to 2 pips (Mini Accounts)

■ Forex Club Commissions are $0.4 / $1,000

Leverage at Forex Club can be up to 1/200, common for all types of trading accounts

TRADING PLATFORM & MOBILE

FOREX CLUB DESKTOP & MOBILE PLATFORMS

Forex Club is offering a wide variety of Trading Platform.

Online Platforms include:

1) MetaTrader 4
2) ACT Trader
3) StartFX 2
4) Rumus

Scalping: is forbidden at Forex Club

Demo account is available at Forex Club

MOBILE TRADING

Forex Club supports iPhone, iPad and Android mobile devices

ACCOUNT INFORMATION

Forex Club Minimum Account:

The minimum deposit for a mini account on Forex Club is 200 USD, and for a VIP account the minimum deposit is 50,000 USD.

Forex Club Deposit Methods:

■ Credit and Debit Cards

■ MoneyBookers

■ Bank Wire

Forex Club Withdrawal Methods:

■ Bank Wire

BONUS & REBATES

Forex Club offers Bonuses up to 200 USD

Conclusion:

Forex Club is a NDD Forex Broker who offers a good variety of trading platforms, plus a good variety of trading assets and relatively low spreads. CFD and Commodity Trading are available while the MT4 account offers 50 Forex Currencies. The minimum deposit required is just $200 and US traders are welcomed. In overall Forex Club is a fair Forex Broker offering many trading options.

 

 

FOREX CLUB PROS AND CONS (According to competition)

FOREX CLUB REVIEW CONCLUSIONS

FOREX CLUB PROS

FOREX CLUB CONS

√ Low Spread compared to competition

√ Low Minimum Deposit

√ Wide variety of Trading Assets

√ US Traders are welcomed

√ Powerful Customer Service includes Phone and Live Chat and Skype

X Commissions are Charged

X Low First Deposit Bonus

X Scalping is Forbidden

X Withdrawals only by Bank Wire

 

 


CONTACT INFORMATION

Forex Club Main office:

Forex Club LLC.

120 Wall Street, 16th Floor,New York, NY 10005,

United States

US Toll-Free:

1-800-881-3809,

 

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