Residence, Regulation, and Management Structure

Forex Club Financial Company, Inc. is a US Forex brokerage company. It is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). The company has an office in the New York, USA. Its address, phone numbers and emails are clearly mentioned on their website. The name of the company’s president (Michael Felice) is also clearly mentioned.

Market Position

Forex Club is one of the world’s leading brokers. Its presence is strongest in Eurasia where it occupies leading positions in a number of important markets. In addition, it is among the five top brokers in North America and one of the three leading brokers in Asia. Although its spreads are not necessarily the best, the company has competitive trading terms with unique features (see margin policy below). It is known for its low initial deposit requirements – probably the lowest in the industry (just $10) and superb online education resources (rated the best in the industry). In addition, the company refrains from using generic trading platforms such as MT4. Instead, it uses its own platform refined in a process of interaction with its customers. Their most powerful platform (Rumus2) offers the most advanced charting among free trading platforms. Consequently, it is highly respected among technical traders worldwide. The company offers guaranteed fixed spreads and fills on stops/limits during normal market conditions, services individual and corporate accounts and organizes one of the most interesting trader’s contests found in the Internet (“Lose2Win”).

Margin policy

The company does not have margin calls – there are no forced liquidations of positions until a zero balance is reached. Forex Club closes a position if current losses equal the amount in the trading account.
Maximum leverage size is 100:1 (50:1 for accounts from $100,000 to 200,000 and 20:1 for accounts over $200,000). Forex Club offers leverage in the base currency. Simply this means that each dollar in your trading account allows you to purchase up to 100 units of any currency. For example, if you have $1,000 in your account, you can buy 100,000 GBP/USD or 100,000 EUR/USD. Moreover, current P/L has no effect available margin. For example, when you sell 100,000 EUR/USD, the margin required to maintain this position will be $1,000. Suppose you have $2,000 on your deposit and open such position. Then, the remaining margin available for new positions will be $1,000 regardless of P/L of the first position.

Forex Club allows its customers to reverse a position (long/short) without having to close it and fixing current P/L. For example, an intraday trader with an aggressive trading strategy and a deposit of $5,000 opens the following position: Buy 500,000 GBP/USD (LONG). A few moments later he decides to reverse his position (to go SHORT) in the same currency pair and for the same amount. Forex Club will allow him to sell double the amount of a current position (1,000,000 GBP/USD) to change the position to Sell 500,000 GBP/USD (SHORT). The opening rate of this altered position will be calculated in accordance to spread charges and any P/L the original position made. All of this done while not taking a realized profit or loss.

The company offers 19 currency pairs - most popular are USD, EUR, GBP, JPY, CHF, CAD, and AUD. Spreads on majors are from 3 to 5 pips.

Support and account services

The company is renowned for its educational resources. It offers professionally-made online video courses, unlimited-use 100K demo-accounts, it runs its own traders forum and provides real-time market news and analysis. Its customer support services and web resources are available in three languages which correspond to their customer base.
Forex Club has one of the best account services in the industry, including dedicated managers, free communications with their office anywhere from the world, swift financial transactions including credit cards and PayPal.