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 the US –No-
■ Islamic Accounts: Forex Club supports Islamic Accounts –Yes-
■ Regulated: Forex Club is regulated by CFTC, NFA, and FFMS
■ Languages: Forex Club website 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 1/30
■ Scalping: is forbidden at Forex Club –No-
■ 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 1/30
TRADING PLATFORM & MOBILE
FOREX CLUB DESKTOP & MOBILE PLATFORMS Forex Club is offering a wide variety of Trading Platform. Online Platforms include: 1) MetaTrader 4 ■ Scalping: is forbidden at Forex Club ■ A demo account is available at Forex Club MOBILE TRADING Forex Club supports iPhone, iPad, and Android mobile devices
2) ACT Trader
3) StartFX 2
4) Rumus
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 an NDD Forex Broker that 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. Overall Forex Club is a fair Forex Broker offering many trading options.
FOREX CLUB PROS AND CONS (According to competition)
FOREX CLUB REVIEW CONCLUSIONS |
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FOREX CLUB PROS |
FOREX CLUB CONS |
√ Low Spread compared to the competition √ Low Minimum Deposit √ A wide variety of Trading Assets √ US Traders are welcomed √ Powerful Customer Service includes Phone and Live Chat and Skype |
X Commissions X Scalping is Forbidden X Withdrawals only by Bank Wire
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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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