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ForexClub

9.2
Total score

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Forex Club Brokerage Company, known as “Forex Club”, is one of the leading international brokerage organizations in the Forex market. Founded in 1997, Forex Club provides financial services to traders worldwide, with offices in Europe, CIS countries, Asia and Latin America.

Forex Club clients have access to trading 54 Forex currency pairs, 72 CFD instruments, including oil, base metals, stocks and indices, as well as precious metals and cryptocurrencies. The high quality of services and professionalism of the team are confirmed by numerous international awards and participation in prestigious prizes.

In 2012, Forex Club was honored with the “Best Dealing” award by World Finance Award and was named “Forex Company of the Year” by the same publication. In 2018 and 2019, Libertex’s unique trading platform won awards as “Best Trading Application”.

  • Account currency

    EUR, USD, RUB

  • Minimum deposit

    10$

  • Leverage

    from 1:200 to 1:500

  • Spread

    0 pips - Libertex; from 3 pips - Rumus; from 0.6 pips - MT4-Instant and MT5-Instant; from 0.5 pips - MT4-Market and MT5-Market

  • Instruments

    54 currency pairs, 150 CFD-instruments (stocks, indices, metals, oil and gas), gold and silver, Bitcoin, Litecoin

  • Margin call / Stop out

    from 20% до 50%

Pros

  • Convenient and favorable conditions for Forex trading
  • Wide range of trading instruments: Forex currency pairs, CFDs on indices, futures, stocks and cryptocurrencies
  • The optimal leverage range is from 1:200 to 1:500
  • Variety of deposit and withdrawal methods
  • Up-to-date analytics and extensive information section "Training"

Minuses

  • To study the conditions of the affiliate program and register as a broker's partner, you need to register on the official website of the company
  • From time to time there are technical failures in the operation of trading terminals
  • The broker's website lacks a detailed glossary with basic Forex terms

Customer geography

  • Ukraine
    50.71%
  • Russia
    19.97%
  • Mexico
    9.77%
  • Georgia
    5.65%
  • Kazakhstan
    5.29%
  • Republic of Moldova
    2%
  • Turkey
    1.94%
  • U.S.
    1.88%
  • Tajikistan
    1.56%
  • Germany
    1.37%
  • Others
    10.86%

Expert evaluation

James Anderson
Financial analyst, exper

Forex Club brokerage company has been successfully operating in the financial market for more than 20 years, providing its clients with reliable and high-quality service. The company offers a wide range of trading accounts adapted for both novice traders and experienced investors, which makes Forex Club a universal choice for all categories of traders.

Forex Club clients have access to more than 100 trading instruments, including currency pairs, CFDs and cryptocurrencies. The company provides the opportunity to work through the popular MT4 and MT5 trading terminals, as well as through its own Libertex and Rumus platforms.

Customer reviews confirm that Forex Club promptly solves arising issues and effectively supports its users. The absence of serious complaints and regular occupation of top positions in ratings of Forex brokers emphasize the reliability and high quality of the company’s services.

Forex Club stands out in the market due to its many years of experience, a wide range of trading instruments and platforms, as well as a high degree of customer support.

Analysis

9.2
Overall score
8.9
Order execution
9.5
Investment instruments
9.3
Withdrawal speed
9.1
Customer support performance
8.8
Number of instruments
9.6
Trading platform
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Ribeit

Every trader can significantly reduce his trading costs thanks to spread compensation from the International Association of Forex Traders (MOFT). To receive a rebate you need to register on the MOFT website, open a real trading account with Forex Club and start active trading.

After you start working with the broker, MOFT will pay compensation of spread to your balance. Rebate is accrued regardless of trading results, i.e. you receive compensation for both successful and losing trades.

MOFT pays compensation in the amount of 40% of the broker’s profit for each full lot on all accounts. Of this amount 80% is transferred to the trader as compensation.

Example:
You trade with the volume of 1 lot per day. For EUR/USD, 1 lot is 100,000 units of the base currency. The pip cost for 1 lot is 10 USD, with a spread of 0.6 pips. If you worked directly with Forex Club, your spread costs would be 6 USD per day. MOFT receives 40% of the broker’s profit, of which 80% is transferred to the trader. The amount of compensation will be 6 * 0.4 * 0.8 = 1.92 USD. Thus, the real costs of a trader working with MOFT will be 4.08 USD.

Trading condition

Forex Club offers traders from CIS countries some of the most favorable conditions for trading on the Forex market. The key advantage of the broker is the absence of a minimum deposit. Different account types allow you to use leverage from 1:200 to 1:500. Stop-out level varies from 20% to 50% depending on the selected account type.

The following terminals are available for Forex trading at Forex Club: Libertex, Rumus, MT4-Instant, MT4-Market, MT5-Instant and MT5-Market. Clients can deposit and withdraw profits in many ways, use leverage up to 1:500, as well as receive guaranteed accruals from 9% to 12% per annum on the account balance if deposited in the amount of 5000 dollars or more.

  • Trading platform

    MT4, MT5, Rumus, Libertex, mobile application, Multiterminal

  • Accounts

    Demo, Libertex, Rumus, MT4-Instant, MT4-Market, MT5-Instant, MT5-Market

  • Account currency

    EUR, USD, RUB

  • Deposit/withdrawal

    VISA/Mastercard/Maestro, QIWI, WebMoney, YooMoney, Skrill, Moneta.ru, Neteller, Alfa-Click, Promsvyazbank, Kiwi terminals, bank currency transfer

  • Minimum deposit

    10$

  • Leverage

    from 1:200 до 1:500

  • PAMM accounts

    no

  • Minimum order

    from 0.01 lots

  • Spread

    0 pips - Libertex; from 3 pips - Rumus; from 0.6 pips - MT4-Instant and MT5-Instant; from 0.5 pips - MT4-Market and MT5-Market

  • Instruments

    54 currency pairs, 150 CFD-instruments (stocks, indices, metals, oil and gas), gold and silver, Bitcoin, Litecoin

  • Margin call / Stop out

    20% to 50%

  • Liquidity provider

    Commerzbank, Credit Suisse, HSBC, J.P. MorganChase, Nomura Bank, Kraken, Poloniex, itBit, GDAX, BITFINEX

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    Instant Execution, Market Execution

  • Trading features

    Guaranteed interest rate of 9, 10 or 12% per annum on deposits of $5,000 or more, cryptocurrency trading

  • Contests and bonuses

    Welcome bonus in the amount of 100% to the account, compensation of commission for withdrawal of funds

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Commission

MOFT analysts conducted a thorough analysis of Forex Club trading conditions, revealing both explicit and hidden commissions. The withdrawal fee varies from 0.8% to 2.5%, depending on the electronic payment system used. It is possible to withdraw earnings through QIWI and YooMoney wallets without commission. Forex Club compensates 100% of commissions of payment systems and bank transfers with bonus funds. However, the compensation is not provided when depositing via WebMoney, where the commission is 0.8%.

Forex Club also charges a floating commission for transferring trades to the next day (swap), the amount of which depends on the current market situation. MOFT analysts conducted a comparative analysis of Forex Club’s main commissions with the nearest competitors. Depending on the size of trading commissions, brokers were assigned a certain level – from low to high.

Account type
Spread / commission
Withdrawal fee
Libertex
from 0$
Yes
Rumus
from 30$
Yes
MT4-Instant
from 6$
Yes
MT5-Instant
from 6$
Yes
MT4-Market
from 5$
Yes
MT5-Market
from 5$
Yes

Broker Overview

Forex Club broker is one of the leading companies in the Forex market, providing clients with the opportunity to trade 54 currency pairs, stocks, indices, metals, gas, oil and cryptocurrencies. Forex Club developers have created a unique Libertex online platform and also offer ready-made solutions for beginner traders.

A few important numbers for traders choosing a broker:

  • More than 30 international awards for the development of trading terminals and achievements in the field of financial analytics.
  • More than 100 representative offices around the world.
  • Creating more than 50 effective training courses and writing several financial bestsellers translated into many world languages.
  • More than 20 years of work in the global market.

Forex Club is the optimal choice for active trading and passive investing, offering reliable trading conditions. The company offers several types of accounts: Libertex, MT4-Instant, MT5-Instant for beginners; MT4-Market, MT5-Market for professionals; and Rumus for those looking for alternative trading conditions. Detailed information about deposit methods and minimum deposit amount can be found on the official website.

The Libertex platform, which received the “Best Trading Terminal” award according to Forex Expo 2014, was developed especially for clients. Its convenient functionality allows you to easily study the history of asset dynamics, add indicators to the chart, work with graphical elements, delete them with one click, compare data, change expiry and select assets.

Traders registered with the broker can open accounts through the popular MetaTrader 4 and MetaTrader 5 platforms. Forex Club clients can simultaneously use several accounts on different terminals.

Useful services of Forex Club:

  • Online terminal that allows you to trade without downloading programs.
  • Forex charts online with real-time information on currency quotes.
  • Analytics from Trading Central, a recognized leader in investment analysis of financial markets.
  • Market calendar with data on economic events and expected volatility.

Forex Club works with reliable liquidity providers, providing clients with quality service and accurate information on quotes. The broker cooperates with First Derivatives plc (FD), a leader in software and consulting services. Thanks to the implementation of Delta Flow trading technology using the Direct Banking Access (DBA) model, the broker’s clients receive the best quality of trade execution, competitive spreads and accurate pricing.

Advantages

  • Wide range of instruments: Over 100 trading instruments including currency pairs, futures, stocks, stock indices and cryptocurrencies.
  • Spreads: Average spread. Accounts with and without fixed spread are available.
  • Trading platforms: Free access to popular trading terminals and our own developments - Libertex and Rumus platforms.
  • Compensation of commissions: Compensation of payment systems' commissions by bonus funds.
  • Algorithmic Trading: The possibility of using algorithmic trading with the help of robot bots.
  • Interest on deposit: Accrues from 9% to 12% per annum on deposit.
  • Analytics and news: Sections with free analytics and fresh news of currency and stock market on the company's website.
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ForexClub account overview

To start working on the Forex exchange through Forex Club broker, you need to follow these steps:

  1. Registration on the site: Go to the site of Forex Club broker. On the main page click the “Registration” button and, having chosen a trading terminal, open an account.
  2. Authorization in the system: Specify login (e-mail address) and password for authorization. Registration will be completed after confirmation of your e-mail.

Using Forex Club personal cabinet: The following functions are available in the personal cabinet:

  • My Accounts” section: Information about available balance and possibility of internal transfers between accounts.
  • Bonus Information: Familiarize yourself with available bonuses and promotions.
  • Reports: Access information about all transactions and payment history.
  • Company news and promotions: Get up-to-date news and information about current promotions.
  • Available services: Use indicators, ready-made investment solutions and other useful tools.
  • Training section: Forex market analytics and news.
  • Online chat: Possibility to ask a question and place a claim.

By following these steps, you will be able to trade Forex effectively through Forex Club.

Answers to questions

  • What are the main advantages of trading with ForexClub

  • How to open a trading account in ForexClub and start trading

  • What trading platforms and tools are available to traders

  • How to contact ForexClub customer support

  • Does ForexClub offer mobile trading applications

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