Forex broker | |
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Official website | |
Social network | |
Head Office | The Financial Services Centre, P.O. Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines |
Company owner | Forex Club International Limited |
Types of support | ChatFeedback form on the siteTelegramViberFacebookInstagramVkontakteTwitter |
Languages | English, Spanish, Chinese, Malaysian, Etc. |
Terminals | MetaTrader 4, WebTrader, Libertex, MetaTrader 5, Rumus |
Min. first deposit | From 1 USD |
Brokerage commission | $0.2 for each 1000 transaction volume |
Bonuses | 100 % Welcome bonus Until 50000 USD Bonus on demo account upon registration From 9 to 12 % Interest on deposit |
Leverage | Until 1:500 |
Spreads | From 0 points |
Free demo account | |
Adjustable | Yes |
Regulators | CySEC№ 164/12 NB RB№ 192580558 |
Types of accounts | Demo, MT4-Instant, MT4-Market, MT4-Libertex Manager |
Transaction volume | 0.01 lot |
Order execution | Instant Execution (precise execution), Market Execution (at market price) |
Methods of replenishment | Moneta.ru, Neteller, Qiwi, Webmoney, Alpha-Click, Wire transfer, Beeline, Promsvyazbank, Bank card (Visa/MC), Mobile payments, Yumoney |
Withdrawal methods | Neteller, Qiwi, Skrill, Webmoney, Wire transfer, Mobile transfer, Bank card (Visa/MC), Yumoney |
Number of assets | 100+ |
Types of assets | Currency pairs Precious metals Cryptocurrency Stocks CFD Oil |
Account Currencies | USD |
Liquidity providers | Barclays, Citibank, Credit Suisse, Commerzbank, HSBC, J.P. Morgan, Morgan Stanley, UBS, Nomura Bank, Lucid Markets |
Mobile apps | |
Weekend trading | No |
Tournaments/competitions | Yes |
Trader training | Seminars and courses for traders |
Contract Difference Commission | Yes |
Swaps | Yes |
PAMM trading | Yes |
Analytics | Market review, economic calendar |
Margin trading | Yes |
Affiliate Program | RegistrationPercentage of referral transactions |
Advantages | Profitable and comfortable trading conditions Reliable and secure terminal Training and analytics Bonuses and contests Affiliate Program License Simple withdrawal of earnings |
Disadvantages | Technical failures |
Company requisites | Legal name: Forex Club International Limited Legal address: The Financial Services Centre, P.O. Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines |
Date of update | September 6, 2024 |
Overall assessment | 8.3/10 |
Is Forex Club a Scam? Complete Review and Real Customer Feedback
The FOREX CLUB is one of the oldest Forex brokers in the world, a group of companies providing online trading services on the Forex market. Founded in 1997, the company has evolved into an international Forex corporation, working with clients from over 130 countries worldwide.
In 2010 the FOREX CLUB began the development of an investment platform based on Akmos Trade subsidiary. In early 2013, the platform was merged into the FOREX CLUB parent company; this significant change was convenient and understandable for investors and traders. Today, the FOREX CLUB includes a large number of executives with a significant amount of investment.
The FOREX CLUB offers services of Internet trading on the Forex market, as well as CFD (contracts for difference in stock prices, commodities, indices and so forth.), as well as programs to educate customers in more than 130 countries.
The structure of the FOREX CLUB includes a number of financial companies and educational institutions, including the International Academy of Investment and Trading and FOREX CLUB International Ltd.
The company is quite different from the majority of Forex brokers due to its extensive branch of networks on the basis of which it offers basic and advanced training for traders. The company is characterized by the presence of its own trading terminals and RUMUS2 StartFX; apart from this, it offers the possibility to trade through the standard Forex terminal, the MetaTrader terminal.
Reviews of FOREX CLUB
Looking online for any serious claims about the FOREX CLUB, we found a few negative reviews from novice traders that were trying to shift responsibility for their deposit loss to the broker.
Quite a lot of positive feedback comes from those who completed training on the Forex market at the FOREX CLUB.
The company’s competitors don’t have many negative things to say about it; we think this is due to the fact that most of the company’s customers trade in the FOREX CLUB proprietary trading company terminals, rather than in MetaTrader. The majority of people come here to learn and only then becomes traders. If ones talks to investors, the FOREX CLUB receives positive reviews.
Regulator
The company FOREX CLUB is registered in the British Virgin Islands at the following address: INTERNATIONAL LIMITED, Road Town, Tortola,British Virgin Islands, I.B.C. Number: 597332.
Regulatory Organizations: KROUFR, CySEC and CRFIN
Investing in the FOREX CLUB
The main income of the FOREX CLUB company comes from traders. Besides the PAMM system at the FOREX CLUB there are other interesting investment instruments. The official website of the FOREX CLUB offers the investor the ability to invest in such instruments:
- Metals: Gold, Silver
- Currency
- Managing trader
- Stock indices
- Equities
- Managing Trader – these are PAMM accounts of the FOREX CLUB
- Minimum deposit is $100 to any manager, but the minimum replenishment in the FOREX CLUB is $200.
The FOREX CLUB PAMM account:
1) Distribution of remuneration on investment income – 90% of investors and 10% of control. The losses are completely on the inverter.
2) Multipliers help manage the risk of PAMM accounts in the FOREX CLUB.
3) It is possible to put an automatic stop when the investment you have entered reaches the set percent of loss or interest income.
4) You can detach investment in the PAMM account at any time. That is, you can withdraw money from the PAMM account at any time.
Deposit and withdrawals
Deposit into/Withdrawal from the FOREX CLUB can be done in the following ways:
- Bank transfers
- Qiwi
- Payment terminals
- Yandex money
- WebMoney
- Skrill (Moneybookers)
- Mobile payments MTS, Megafon, Beeline, Tele2
We also found Skrill as an option on the list of methods to deposit funds into the FOREX CLUB. This can be considered a good sign for the reputation of the FOREX CLUB.
When you enter assets there is an automatic «compensation payment systems commissions». That is, if you enter funds via RBK Money with a commission of 3%, in this case, the company will add an additional 3% onto your bill.
Conclusion
According to the information found, and after a complete analysis of users’ feedback, facts and the long-term performance of the FOREX CLUB , we can confidently say that the Forex broker is the founder and oldest representative of the Forex brokers in the world. Maintaining a good reputation for decades, the FOREX CLUB deservedly has become one of the main options for investors in the Forex market, and the company offers excellent conditions for study and work and a great experience that’s useful for everyone.
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