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Forex Club Review

Forex Club ratings: 5 votes, average: 3.2 out of 55 votes, average: 3.2 out of 55 votes, average: 3.2 out of 55 votes, average: 3.2 out of 55 votes, average: 3.2 out of 5 (5 votes, average: 3.2 out of 5, rated)

Forex club logo

The foreign currency trader Forex Club Financial Company, Inc. is a Futures Commission Merchant (FCM) register with the CFTC or Commodities Futures Trading Commission. It is also a National Futures Association (NFA) member.

The company is residing in the United States of America in New York City.

Company’s Market Position

The company promises very low investment deposit, zero spreads (you pay commissions: $06 for every $1000), comprehensive education, and commission refunds on non-profitable trades. There are 22 different trading pairs for foreign currency offered by Forex Club.

There is no partner of the company mentioned.

With available different account offers of silver, gold and platinum accounts with different added features for the clients that are applied to each type, pip cost is only $0.01 for all the accounts and with 100:1 leverage offers too.

Types Services Offered

Applications for any account opening can be forwarded thru fax or e-mail. Investment deposits can be made via Paypal, credit cards, check deposits and bank wire.

Minimum trade is 1,000 units only, an equivalent of US $10 only with very minimum marginal leverage offers.

Traders Support

Demo Accounts with unlimited use, as well as a format as real as live accounts are provided with an available customer care available at the service 24 hours daily through e-mail, chat or calls.

Educating the clients of the firm is one of the best offers in the company; the available educating tools provide information to clients to better understand the risks and management requirements of getting a Forex account.

Timetable of trading globally, sessions and long-term future analysis are among support provided by the Forex Club.

The Trading Platform

Desktop Platforms are among the ways offered for the trading of clients in Forex Club. The design makes simple trading for its users, downloading it and installing it in your computer is the requirement to get the platform that is suitable for the clients with the requirement of using computers. There are two desktop platforms, the Rumus2 and the IDSystem.

Mobile platforms are also available, the R-Web and the Rumus-Mobile. The R-Web allows the trading to be done using any devices connected to the internet. The Rumus-Mobile provides account handling with the use of mobile devices.

Site Design and Ease of Navigation Comments

The site is very easy to use but the details are harder to find since they are not displayed right away in the opening page of the website.

Advantages

  • Offers computer and mobile platform for clients which make the use of their platforms much flexible.
  • There is a zero-spread for trading Forex with the company on “ExpressFX” account where you pay $06 for every $1000 traded. On “ClassicFX” account, spreads are starting from 3 pips (EUR/USD - only)
  • Forex Club is available on 23 languages!

Disadvantages

  • No offices that are located in other countries are identified.

Go to official Forex Club website

Please share your experience using Forex Club by leaving a comment.

Please rate Forex Club

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6 Comments »

Comment by Raj Subscribed to comments via email
2008-06-04 19:32:23

Hi folks,

The Ramus-2 trading platform is simply great–its a cut above the rest.Specifically I am referring to the charting feature in the platform—I have not seen anything as advanced as this anywhere else.And where else can you find a forex traders contest as interesting as “Lose2Win”! Has anyone seen a better contest than this

Raj's rating: Raj gives a rating of 3Raj gives a rating of 3Raj gives a rating of 3Raj gives a rating of 3Raj gives a rating of 3
Comment by rommel Subscribed to comments via email
2008-06-05 09:54:21

Hi,

Yes the other contests have to do with automated trading. This ones surely different. The point is if you have your own proprietory trading platform,you have your own refined way of interacting with your customers, and thats a great plus.Besides I dont like doing business with generic tading platforms such as MT4.Ramus-2 is different and I love working on it.

rommel's rating: rommel gives a rating of 3rommel gives a rating of 3rommel gives a rating of 3rommel gives a rating of 3rommel gives a rating of 3
 
 
Comment by ajax Subscribed to comments via email
2008-06-08 14:12:23

Prefer you look at guaranteed fixed spreads and fills on stops/limits—whether they have that? I am not worrying about contests!

ajax's rating: ajax gives a rating of 3ajax gives a rating of 3ajax gives a rating of 3ajax gives a rating of 3ajax gives a rating of 3
 
Comment by aparna Subscribed to comments via email
2008-06-18 19:33:36

If you put $100 they put a matching $100—like the casino. Any one tried this?

aparna's rating: aparna gives a rating of 3aparna gives a rating of 3aparna gives a rating of 3aparna gives a rating of 3aparna gives a rating of 3
 
Comment by victor Subscribed to comments via email
2008-06-20 19:24:42

Yeah but they dont allow you to take that $100 out, so whats the point? I like the platform though,its great, no real issues there.

victor's rating: victor gives a rating of 3victor gives a rating of 3victor gives a rating of 3victor gives a rating of 3victor gives a rating of 3
 
Comment by sreejoy Subscribed to comments via email
2008-06-25 18:31:37

Victor doesnt the $100 lower your entry barrier to forex trading? I guess so, and no complaints for me there.

sreejoy's rating: sreejoy gives a rating of 3sreejoy gives a rating of 3sreejoy gives a rating of 3sreejoy gives a rating of 3sreejoy gives a rating of 3
 

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