Forex broker Forex Club: company overview, honest trader reviews
Forex Club: reputation and advantages
In the Forex market, there are few brokers who deserve the respect of investors, except Forex Club. This company has brilliant reviews and has been operating for over 22 years. Today, it is a major international organization serving traders from 130 countries. Let’s look at the advantages and disadvantages of cooperating with this forex broker.
General information about Forex Club
Forex Club was founded in 1997 and has a reputation as a “recommended broker”. The services of this broker are popular in Russia and CIS countries. The company is licensed by Cyprus Securities and Exchange under number 164/12 and is included in the register of the National Bank of Belarus.
FxClub offers wide trading opportunities in the Forex market: stocks, indices, commodities, currency pairs. Most deals are not routed to the interbank. Clients can trade independently or use analytical support.
Among the main achievements of FxClub are the creation of more than 50 educational courses, the “Change One Life” fund, certification according to the ISO 9001 standard, membership in the Association of Forex Dealers, the “Forex Club” academy, and other awards in the financial sector.
The company has offices in various countries, including Russia, Ukraine, Armenia, Belarus, China, and other regions of the world.
Registration on fxclub.org: procedure
Clients note the ease and speed of registration on Forex Club. It is enough to fill out the form and confirm the email. After that, trading can be started.
Account funding and withdrawal
Forex Club offers various ways to deposit funds: mobile payments, bank cards, online banking, electronic systems, bank transfers.
Clients mention the compensation of commissions and the convenience of conducting operations on the fxclub.org platform.
Trading volume
Within the current year, over 500,000 Russians have used the services of brokers, and FXClub ranks second in monthly trading volume.
Commission costs
Clients complain about high commission costs for fund withdrawals. Commissions for bank card transfers can be 2.5% of the amount.
Trading conditions overview
Forex Club recommends developing trading strategies, receiving training through the company’s materials, and practicing on a demo account.
The broker provides access to digital currencies, indices, stocks, commodities, and currency pairs. Company employees create model portfolios and offer interesting investment ideas.
Trading platforms overview
The forex broker offers a choice of several platforms, including Libertex, MetaTrader 4 and 5, as well as Rumus. Each platform has its own features and advantages.
Traders’ reviews
Reviews of FxClub are mostly positive. Clients emphasize the model portfolios, interesting investment ideas, and the reliability of the company. However, there are also disadvantages, such as difficulties with fund withdrawals and high commissions.
Summary of the review
Forex Club is a stable company in the market, but it has its drawbacks that investors should be prepared to accept.
Author: Anastasia Chabanyuk
Read also: Why you shouldn’t deal with City Capital Trade: review and feedback from defrauded traders.