Brokerage firm Forex Club was founded in 1997, the year, its first office was opened in Vladivostok, Russia. The company is registered in Virgin Islands as for 2015.
Forex Club is one of the largest world Forex brokers nowadays. Company is officially represented in USA, China, Germany and many other countries. You can find the full list of official representations on company’s website.
Company has numerous clients: independent traders, investors, hedge funds and unit trusts. They can trade using following trading instruments:
- 56 major currency pairs;
- More than 70 CFD (indexes, precious metals etc.);
Experts and clients rate highly Forex Club innovation projects that were developed to improve trading conditions. Forex Club has many awards, the main titles are:
- The most popular broker in China;
- The best broker in Russia;
- The best broker in Eastern Europe.
Money Deposit and Withdrawal
Forex Club offers a wide range of financial tools for depositing and funds withdrawal.
If you deposit more than 100 USD, company will compensate commissions held by payment system.
You can deposit using:
- Wire transfer;
- VISA and MasterCard credit/debit cards;
- Skrill (MoneyBookers);
- Easy Pay;
- Yandex Money;
Using bank services, money will be transferred within the time frames provided by your bank. Payments through the online payment systems are executed according to the next regulations:
- Orders submitted prior to 11.00 GMT are executed at the same day;
- Orders submitted after 11.00 GMT are executed during the next day;
Withdrawal method is independent from the method of depositing.
The next international financial authorities regulate financial activities of the Forex Club:
- CySEC, Cyprus;
- Center for Regulation of Off-Exchange Financial Instruments and Technologies (CRFIN), Russia;
- Federal Financial Markets control service, Russia.
Forex Club is on the list of A category companies (by CRFIN). It means company is highly reliable and it has highly liquid assets.
To provide reliability and ensure safety of clients assets, Forex Club uses modern banking products, e.g. segregated accounts, and cooperates with best hedge funds and insurance companies.
Bonuses and Special Offers
Apart from commission compensation program Forex Club has a range of special offers and bonus programs:
- “Trading Award” bonus program. Participants of this program must own ExpertFX trade account with more than 1500 USD deposit;
- “Interest on deposit” – company guarantees that clients who deposited more than 5000 USD will get 9-12% per annum on invested amount of money. The higher deposit sum – the higher the percentage rate.
- Affiliate program “Invite your friend”. According to this program, client gets 1 USD for every executed trade of invited client. Maximum bonus – 10% of new client’s deposit sum during 7 days from the initial deposit (can’t be higher than 300 USD for every new client). Referrals get 10% Welcome Bonus of the initial deposit amount. Bonuses can’t be withdrawn.
You can find more details about special offers and registration rules on the company’s official website.
Forex Club clients can use the following trading account types:
- StartFX. For beginners;
- Libertex. For investors;
- MT4-Market, MT4-Instant. For professional traders;
- MT4-Libertex Manager. For managers of PAMM accounts;
- Rumus. For professional traders.
The difference between accounts is in variety of trading tools and different purpose of accounts. There are no technical minimum deposit on all account types.
Forex Club offers a wide range of supported trading platforms. Along with the most popular МetaTrader 4, clients can use ActTrader and corporate projects – Rumus and StartFX.
Forex Club’s МТ4 platform contains unique indicators and advisors. Besides, company’s experts developed the unique procedure of automated trade, which allows to trade using the latest trading and IT technologies.
Forex Club technical support service is one of the most powerful on the market. Company is actively expanding, so the support service follows the world’s highest standards. It would take too much time to list different connection methods and supported languages. Also it works very fast.
It is necessary to mention unique learning programs developed by company’s experts. Forex Club is one of the “oldest” Forex brokers, and it’s still actively educates professional traders. Every trader and investor, even beginner, will find useful information on company’s website.
Pros of Trading with Forex Club
In summary, here is a list of Forex Club’s main advantages:
- High liquidity and reliability;
- Wide range of trading and financial instruments;
- Precise and accuracy in trading orders execution;
- Unique indicators and advisors;
- Special offers and bonus programs.
We also should mention about disadvantages of this broker. The main is company’s place of registration and the low trading control. Traditional 90’s offshore registration looks quite suspicious.
Forex Club Reviews
Roman Creatov: Trading with Forex Club since 2004. During my trade career, there were many different situations. Company’s openness and highly qualified technical support experts helped to solve all misunderstandings.
Oleg Parev: Forex Club is unique broker. There is everything that traders and investors need. Different platforms and accounts. Wide range of trading tools. I can assign “4” on a five-point scale.
When you look at Forex Club, you understand company looks like supermarket. There you can find everything. It is hard to find more multi-functional company than Forex Club. However, company still provides high quality services.
Forex Club could have been one of the best forex brokers, but the “doubtful” headquarters registration place has negative impact on the company’s reputation.