“Forex Club provides trading signals, analytics and news for its clients. These go a long way to help the beginner, but may have little value for more experienced traders.”
Trading Systems are signals and tips from expert and experienced traders which Forex Club provides to their clients who subscribe to the newsletter. It is free of charge. You simply follow the recommendations inside the emails you receive and hope to increase your trading edge.
Forex Analytics by Analysts: these come up every day on the website. This is aimed at helping forex traders with their decisions and trades. News and analysis from “Investing.com” and “Trading Central” is provided daily almost hourly on the Libertex app free of charge. An economic calendar is provided.
“Forex Club has a professionally developed online academy for training which comprises of various training videos and courses. The company has created several articles and videos in multiple languages”.
Forex Club has an online academy for trader training. The courses are well developed for beginners and medium level traders. The training materials are in the form of videos and training articles. They offer full time and part time studies as well as self study outlines. Their international academy is accredited by the state license no. 038961. On the website, users can sign up for a training course. The basic course is the first in the series of courses designed to train a client. The videos are professionally made.
“Unless you are Russian you will very hard-pressed to trade with the FXClub.org website. The platforms are varied and the trading conditions are generous. The experience is suitable for beginners and more experienced traders.”
Forex Club has been in the brokerage business for over 20 years and has won several industry awards for performance, including from the reputable World Finance publication and from INC500. The trading experience at ForexClub is robust. The selection of trading platforms is excellent as is the variety of assets and tools. You can engage in webtrading and mobile trading and you also have the choice of the MT4 and MT5 which is quite unusual with the majority of brokers.
The experience is suitable for both beginner and more experienced traders, that is if you can speak Russian. If not, this perhaps is not a suitable broker for you as the website is unavailable in English.
After the loss of regulated status in Russia in December 2018 this has raised a number of concerns. Russian authorities point to several violations of Russian securities laws by the company as the reason for the withdrawal of its license.
Where is Forex Club based?
The Forex Club broker firm is based in Russia. However, ForexClub.org is based in St.Vincent and Grenadines following withdrawal of its operational license in Russia.
How does Forex Club make money?
Forex Club makes money from commissions and from the spreads.
How do I deposit in Forex Club account?
The payment options accepted are: Bank Wire Transfers, Credit/Debit cards like Visa/Mastercard and e-wallets like Skrill, Webmoney, QIWI and Neteller.
What is the min. deposit for Forex Club?
The minimum deposit is $100 to open a live MT4 or Libertex trading account.
What is the maximum leverage in Forex Club?
The maximum leverage is 1:600 on the Libertex platform and 1:500 on some of the other platforms.
How do I open an account with Forex Club?
Fill the online form by clicking the “Start trading now” yellow button found on the Forex Club website and then fill the form.
Does Forex Club use MetaTrader?
Yes, the MT4 and the MT5 are both available.
“Forex Club has been around since 1997 and has been expanding over the years in operations and locations. The brand offers over 220 trading instruments which include ETFs and cryptocurrencies.”
Different platforms for trading are on offer to clients; the MT4, MT5 and Rumus. There is also a proprietary platform known as “Libertex”, which is web-based. These platforms are also available as mobile apps.
There are previous issues which have arisen with this broker, not only has it lost its license but it has also been expelled from the industry self-regulating body known as the Association of Forex Dealers.