Forex Club Review

Forex Club is a brokerage firm registered with the CFTC and a member of NFA. Active in about 50 countries, Forex Club is accepting more than 1,000 clients each day and it proudly counts a number of self-made millionaires among its customers.

Visit FX Club now and get a free demo account or start trading with a live account right away

Safety

In order to protect the interests and privacy of its clients, FXClub complies with the highest industry-wide standards for encryption of order flows and account data. In addition, to ensure the safety of data transfers, the firm directs all data flow between Forex Club and its clients through a secure online terminal termed "My FXClub".

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Forex Club Innovations

Forex Club is run by a group of creative people who are committed to changing our lives for the better, as their website states. This is a rather proud and boisterous statement but the firm backs this claim with a number of interesting new features aimed to prove that the commitment goes beyond words. The ExpressFX platform, which is directed to beginners mostly, requires only 1,000 lots and the flat commission is waived on a trade if the account registers a loss upon closing of the position. The decision to avoid manipulating the bid-ask spread by the implementation of commissions is also directed at allowing the trader more control over the profit/loss expectations of a new position.

Rumus, the other platform offered by ForexClub also features the ability to chart multiple time-frames on a single graph, deepening the trader’s vision and enhancing the predictive power of price evaluation. Since this platform requires a 100,000 lots, is offered to long-term traders and money managers who are more experienced and knowledgeable about the forex market and its workings, the introductory aspect is minimized, with the greatest emphasis given to providing the trader a most comprehensive and enhanced trading environment in which he can utilize his potential to the fullest.

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Account Deposits

Instead of minimum deposits, ForexClub requires minimum lots of 1,000. In harmony with its commitment to place the needs and satisfaction of the client before its own short-term financial gain, ForexClub requires this very small lot amount in order to open an account. The principle behind this choice is the belief that a successful trader will always be willing to trade more, while the losing client will close his account sooner or later and will never come back.

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Account Packages

As with the trading software, FXClub offers three types of accounts. The Rumus package, implementing the feature-rich, customizable and powerful platform is directed at experienced and knowledgeable traders who would like a straightforward and rich experience while trading currencies. Requiring 100,000 lots to trade, the Rumus forex trading software comes with many interesting and creative features including extensive backtesting capabilities and a vast compendium of technical tools, which all aim at maximizing the profit potential and optimizing the performance of the user.

The ActTrader platform requires 10,000 minimum lots and operates with no dealing desk, has server based trailing stops, automated trading, one click trading, instant execution, managed accounts and also platform based analysis.

The ExpressFX Package with a requirement of a mere 1,000 lots was created to smoothen the learning process of beginners and to provide a step-by-step introduction to the various aspects of currency trading, features the ExpressFX forex trading program which is the first and only trading software allowing a zero-spread trading experience.

Regulated by the NFA, FXClub offers a maximum leverage of 100:1. Keep in mind the greater the leverage, the greater the risk.

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Beginner’s Support

Forex Club aims to cater equally well to both the experienced and inexperienced traders. The three different platforms and their associated account packages are tailor-made to ensure that all types of traders derive the greatest enjoyment and profit from their interactions with Forex Club. In addition to a demo account, the forums of ForexClub feature some millionaire traders who regularly express their opinions and share their insight with new traders, enabling a perfect atmosphere for mentoring.

To make the most trading with Forex Club as a beginning trader, we recommend that you use the ExpressFX platform.

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Conclusion

Forex Club is a relatively new broker, but it has been quick to acquire market share from some of the well-established firms of the industry, with an expanding market base bringing new clients from many different nations in all parts of the world. ForexClub is indeed a very different broker, with its offer to waive the commission on failed trades, zero spreads, flat commissions depending on trade sizes, all setting this broker apart from the countless others in the market.

The track record of Forex Club is also certified by the surprising number of self-made trading millionaires who share the platform with beginning traders. That forex can create great profits for the disciplined, patient individuals among us is proven by the testimonials of these people who can be met at the broker’s online forums.

Visit FX Club now and get a free demo account or start trading with a live account right away