Regulation CFTC , NFA
Accepts US Clients: Yes
Min. Deposit: $200
Leverage: 50:1
Platforms: ActTrader , Express FX , Rumus , TradeNCY

Broker Overview

ForexClub is one of the world’s fastest growing forex dealers. The company has recently been registered with the NFA in the US, so it is now available to American traders as well. The company prides itself of low spreads, and its proprietary platform.

Company Information

Broker’s Name Forex Club Financial Company, Inc
Website www.fxclub.com
Headquartered in New York, NY
Founded in 1997
Regulating Authority CFTC, NFA
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 1 800 881 3809
Fax Number 1 718 477 3719
E-mail Address info@fxclub.com

Account Options

Type of Broker Market Maker , No dealing desk
Commission Yes
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 50:1
Minimum Deposit $200
Deposit Options Bank Wire Transfer , Cashier’s Check , Credit Card , Moneybookers
Withdrawal Options Bank Wire Transfer , Cheque

Bonus & Rewards

No Deposit Bonus ForexTradingTime.com_ Forex Brokers List & Reviews
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction? Yes
Other Bonuses Yes

Trading Platform

Platform Type ActTrader, Express FX, Rumus, TradeNCY
Platform Languages English, Russian, Portuguese, Chinese
OS Compatibility Windows
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading Yes
Trade From Charts  Yes
Market Commentary  Yes
E-mail Alerts Yes
Mobile Alerts  Yes
Scalping Yes
Hedging  No
Trailing Stops  Yes
Guaranteed Stop Loss  Yes
Guaranteed Limit Orders  Yes
Guaranteed Fills Yes
Interest on Margin  No
One-Click Execution  Yes
OCO Orders Yes

Customer Service

Customer Support Languages English, Russian, Portuguese, Chinese
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

FX Club - Review

ForexClub Review


Impression

ForexClub is one of the world’s fastest growing forex dealers. The company has recently been registered with the NFA in the US, so it is now available to American traders as well. The company prides itself of low spreads, and its proprietary platform.

Platform

ForexClub offers three platforms: ActTrader, Express FX, and Rumus. The various platforms as all geared towards varying levels of trading expertise. Unlike most dealers, the minimum deposit for the advanced Rumus platform isn’t any more than the other platforms.

Customer Service

ForexClub offers phone, email, and live chat session for customer service. Also included in their customer service stable is the “request a call” service. The dealer is well-known as being very accommodating.

Reliability

The platforms and technology that ForexClub uses is well known as being stable and reliable. With the NFA listing, the company also now falls under one of the most stringent regulatory bodies on the planet.

Commissions and Spreads

ForexClub offers variable spreads, and as such allows for lowered trading costs for the trader.

Promotions

ForexClub does not offer special promotions.

Conclusion

ForexClub is one of the fastest growing dealers in the forex world. Because of this, more and more traders are switching over to them. The low spreads, great platforms, and available market research all make this a great broker for the beginner to expert trader alike.

Pros:

  • Variable spreads allowing for cost-effective trading.
  • All three platforms are available to all traders.
  • Excellent web-based platforms as well.
  • The deposit process is simple and quick, as they take credit cards, Money Bookers, Bank wire, and Cashier’s check.
  • Accounts can be opened with as little as $200.

 

Cons:

  • FX Solutions is a dealer – so they can take the other side of the trade at times.
  • Only Forex can be traded at this time.

 

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