Forex Club is a forex brokerage company based in Staten Island, NY, USA. It is registered as a Futures Commission Merchant with the National Futures Association. Forex Club is available in more than 17 languages.
As a brokerage company it upholds highest standards in business practices, and is subject to very strict financial reporting requirements. It is due to this very fact that today Forex Club is used by experienced day traders from over 50 countries. Forex Club is one of the most trusted names in the retail forex industry.
Demo accounts are for unlimited usage. At Forex Club it takes only $10 to start a real forex account, and when you deposit $100 or more Forex Club will give you a margin bonus of another $100.
Credit cards, wire transfers and checks are acceptable to transfer money to open a real forex trading account.
The spread is 3 pips usually on EUR/USD, and leverage ranges from 1:20 to 1:100
Forex.com has several types of trading platforms as enumerated below. All you need to do is download it and install it in your computer. All these trading platforms makes trading look more transparent and simple to understand.
Express FX: This is one of the flagship products of Forex Club. Using this platform you pay just $ 0.4 for every 1000 traded, which means you have the advantage of doing zero-spread trading and get your commission refunded in case you make a non-profitable trade.
Apart from English, Express Fx is supported in the following languages namely Chinese, Portuguese and Russian.
Then there is the Classic Fx trading platform available in three versions namely Classic Fx for desktop known as Rumus 2, Classic Fx for mobile browsers known as Rumus Web and Classic Fx for Smartphones known as Rumus Mobile.
Classic Fx for desktop (Rumus 2): This is meant for active traders since it has the best technical and analytical tools. It is a customizable module based trading platform offering the usual live quotes, advanced charts, historic quotes and so on.
Classic Fx for mobile browsers (Rumus Web): This platform can be used on any device that has an Internet connection. However, the functionality of this platform is limited to placing market orders and viewing charts.
Classic Fx for Smartphones (Rumus-Mobile): This is a platform specially designed for Smartphones. Using this you can access your trading account via your Pocket PC from anywhere or anytime. Rumus-Mobile is meant to be directly installed in your Pocket PC or Smartphone and is a standalone forex trading platform.
Rumus Mobile is available in two versions of which one is suitable for PDA and the other for Smartphones.
Customer support is provided by toll free numbers, request a call facility, email and chat.
The website is easy to negotiate as there are not many advertisements. Besides, the excellent FAQ feature page is of great help in finding your way through the site.
The advanced trading platform is good.
The commission levied by Forex Club is just 60 cents for every $ 1000 traded or for that matter 1000 pounds or 1000 Euros. Forex Club returns the commission charges to you automatically on non-profitable trades.
The low entry barrier of just $10 to open an account is a great advantage.
Forex Club has recently added Autochartist’s service to its customers. This is a service that automatically identifies market patterns and signals emerging trends to the trader.
No details of offices located in other countries are provided. There is no Meta Trader 4 software support either.