Forex Club Reviews and Comments
Add ReviewThis broker is not good enough for beginners, very broadly provides many features of trading so you may want to explore other companies after it. I found some pitfalls in trading large amounts of money with high leverage and my personal trading experience notes some hidden risks, however there are several unacceptable issues with this broker - delays in order execution, no access to book orders through platform and conditions for trading 10 lots and more are not good. I mean there are huge commissions for managing 100K accounts. The broker will help you to start your journey as beginner but if you have decent experience in day trading you won’t be satisfied here.
Ronald J 10 Mar 2017 Reply
Ronald J 10 Mar 2017 Reply
Since 2011, I've been actively involved in currency trading and no doubt, I had ups and downs. And believe me there is no such important thing as reliable broker. I had few of them but fxclub is my favorite choice probably. This broker covers the complete trading needs, from start to finish. It provides information on every aspect of trading in thorough detail. But if you don't know anything about forex, technical analysis or risk management, this company won't get you to lose money as unexperienced novice. Moreover, they don't took down their responsibilities when they started losing pips because they don't trade against you. The last point is that customer support answers emails immediately. Try contacting them to check it out.
andrew.mash 30 Dec 2016 Reply
andrew.mash 30 Dec 2016 Reply
I like so much Forex club, this broker is very good! I choose it and advice to all. It help me to study something in trading and not make big mistakes! I like that they try to make your knowledge better and have sisten of bonuses for beginner! I saw review about they on ... and on their site!
polina17polina 4 Dec 2016 Reply
polina17polina 4 Dec 2016 Reply
The broker has terrible trading conditions. Their swaps are not the most bad thing, though they are worse than with other reliable brokers. The conditions are perfect for new trades to lose their depos with the probability 99%. I traded with Forex Club during 10 years, but for tha last 2 years it has been getting worse and worse.
Michael 20 Jul 2015 Reply
Michael 20 Jul 2015 Reply
very very bad experience
Forex Club or Fx Club are scammer, they just rob your money, take a look on Forex Peace Army: Thread: GUILTY Case# 2012-004
In page 1 you have the video. They are CFTC and NFA members but this is a joke when you are not US citizen. And in page 4 you have the profile of the president and principal of the company. Pretty INTERESTING!! Lot of cases with CFTC and NFA
Maxruben 21 Jul 2012 Reply
Forex Club or Fx Club are scammer, they just rob your money, take a look on Forex Peace Army: Thread: GUILTY Case# 2012-004
In page 1 you have the video. They are CFTC and NFA members but this is a joke when you are not US citizen. And in page 4 you have the profile of the president and principal of the company. Pretty INTERESTING!! Lot of cases with CFTC and NFA
Maxruben 21 Jul 2012 Reply
I happy with Forex Club, still I don't have any issues. Again I got new one forexmarket.ae
Jaff76 26 Mar 2012 Reply
Jaff76 26 Mar 2012 Reply
I do not understand can only deceive me one? There are many traders dokozatelstva in Russia to whom the money in the account are not sent. These traders are honest and law-abiding citizens of Russia.
Money Forex Club receives an account with ease. But the withdrawal of money in customer accounts are not exercising. I live in Russia, trying to get money to the card account I cheated for the second week, do not give my money. Only negative comments I am interested in input and output serviceable money from accounts. If it does not mean. There is no trust forex club 100% of personal experience and feedback from traders in Russia.
max 24 Oct 2011 Reply
Money Forex Club receives an account with ease. But the withdrawal of money in customer accounts are not exercising. I live in Russia, trying to get money to the card account I cheated for the second week, do not give my money. Only negative comments I am interested in input and output serviceable money from accounts. If it does not mean. There is no trust forex club 100% of personal experience and feedback from traders in Russia.
max 24 Oct 2011 Reply
Thank you for sharing about this.I am really happy to see here about this article on forex business.Can you please share something more over here.
Forex 9 Sep 2011 Reply
Forex 9 Sep 2011 Reply
Heard nothing bad of Forex Club. Like their service, their programs and usefull information they provide.
lera 24 Jul 2011 Reply
lera 24 Jul 2011 Reply
At first I had some difficults working with Forex Club, but lately I understood It was my own problem, because I didn't have enough money in my deposit. For a year I used to work with minimal (10$-150$) deposits until I learnt well. Now everything is OK. Thanks to Fxclub.org I opened a real account with 10$ and I learnt it not loosing so much money. If I were to begin it with 1000$ I would have lost it anyway and I would loose my belief. Programs Modern Forex, Rumus are very good programs to understand.
Forex Club is Number 1. I want to work and earn with Forex Club forever and I support them.
Don't bark and bite If you don't know Forex Club personally
Odiljon 10 Feb 2011 Reply
Forex Club is Number 1. I want to work and earn with Forex Club forever and I support them.
Don't bark and bite If you don't know Forex Club personally
Odiljon 10 Feb 2011 Reply
I turned &500 into &3000 in one month with ACT trader platform. I have no problem at all with Fxclub! money back in my local bank in 2 days. Great broker, great platform! thank Fxclub' staffs, thanks John Ieraci, hope to see you one day in the future.
nguyen da thien 21 Oct 2010 Reply
nguyen da thien 21 Oct 2010 Reply
Their new ActTrader trading platform is great - a lot better than the old ones.
New Platform 10 Jun 2010 Reply
New Platform 10 Jun 2010 Reply
I turned $5,000 into $6,300 in one day at FXclub. It works for me, I am a plumber full time and do not work for Fxclub. The plateform is easy to use, I have never had a stop loss or take profit limit refused. Out of all the companies I have tried FXclub is the best. Zero spreads make it easy to know what it costs you and what you will make in profit. 40 cents per 1000 traded averages out nice when you have 11 currency pairs to choose from. And the Charts the give you from year, month, week, day and hour make it easier to see the direction of the market. New highs and new lows is where I make my $$$.
George Baker 12 Jan 2010 Reply
George Baker 12 Jan 2010 Reply
Howzit guys Jeepers I've never read such conflicting views! I've been trading for a couple of months now and have tried several brokers.<br />
Generally the comments seem positive so I'll give these guys a go. I just hope all you other okes work for the co. Living in South Africa I'm used to bad service and would really like a wake up call Cheers!
Clive 30 Dec 2009 Reply
Generally the comments seem positive so I'll give these guys a go. I just hope all you other okes work for the co. Living in South Africa I'm used to bad service and would really like a wake up call Cheers!
Clive 30 Dec 2009 Reply
tried many different brokers. It is easy to say "smels like scam, shit, e.t.c" and leave no evedidence of bad expirience. I have some, and I can strongly recommend their best education, their really advanced charting platform and lean margin requirements. At least try their demo before posting B.S reviews.
Abbas Khan 20 Dec 2009 Reply
Abbas Khan 20 Dec 2009 Reply
I trade with fxclub (russian) about 2 months. I haven't lost my money yet and i am a little bit in profit. <br />
Things that i don't like:<br />
1. Bad execution, sometimes you have to wait for the requested price up to 1,30 minute (if you are a scalper stay away), <br />
2. They don't allow to set limit orders near to the current price (must be more than 10 pips)<br />
3. The spreads in some currencies are insane (EUR/CAD 10 pips, GBP/CAD 15 pips)<br />
4. The SWAPs (for example if you have position in GBP/JPY and thinking to keep the position for 3 days you will pay the broker 3x8=24 pips so if you want not to loose money you must earn at least 24%)<br />
5. it is not an ECN broker <br />
Good things:<br />
1. The execution of the limit orders is perfect<br />
2. They always pay money if you request (i don't know about big amount of money)<br />
3. The platform is good but not perfect<br />
4. Plenty of educational material <br />
5. Deposits starts at 10$<br />
6. The service is good<br />
7. The bonus of 100$ (you can claim the bonus if the first time you charge the deposit at least with 100$ )<br />
Summary: FXclub is good among the "Dealing desktop" Brokers (bud they are all scamers) It is good for beginners (for small deposits and for educational purpose). If you can make money in FXclub you can make money everywhere. Yes you can make money in FXclub but not as many as you could in an ECN broker, but If you loose money constantly the better broker in the world will not help you.
Gera 22 Oct 2009 Reply
Things that i don't like:<br />
1. Bad execution, sometimes you have to wait for the requested price up to 1,30 minute (if you are a scalper stay away), <br />
2. They don't allow to set limit orders near to the current price (must be more than 10 pips)<br />
3. The spreads in some currencies are insane (EUR/CAD 10 pips, GBP/CAD 15 pips)<br />
4. The SWAPs (for example if you have position in GBP/JPY and thinking to keep the position for 3 days you will pay the broker 3x8=24 pips so if you want not to loose money you must earn at least 24%)<br />
5. it is not an ECN broker <br />
Good things:<br />
1. The execution of the limit orders is perfect<br />
2. They always pay money if you request (i don't know about big amount of money)<br />
3. The platform is good but not perfect<br />
4. Plenty of educational material <br />
5. Deposits starts at 10$<br />
6. The service is good<br />
7. The bonus of 100$ (you can claim the bonus if the first time you charge the deposit at least with 100$ )<br />
Summary: FXclub is good among the "Dealing desktop" Brokers (bud they are all scamers) It is good for beginners (for small deposits and for educational purpose). If you can make money in FXclub you can make money everywhere. Yes you can make money in FXclub but not as many as you could in an ECN broker, but If you loose money constantly the better broker in the world will not help you.
Gera 22 Oct 2009 Reply
Albeit, their ExpressFX platform is a load of garbage: it's a gimmick to help complete newbies familiarize themselves with order making, etc. Their Rumus2 platform is a bit unorthodox in its presentation, and can be downright confusing. It is usually just better to watch prices and do your charting in MT4 and execute your trades from the platform.<br />
<br />
If you require fast execution, then this broker is NOT for you. Their dealing desk often takes quite a while to quote a price. Scalping is a fool's strategy anyways (no, seriously). If you think you can be successful at forex through scalping, you are just kidding yourself.<br />
<br />
A lot of negatives so far. So why do I rate it 3 stars? Well, if you can get past all of the inconveniences, take a look at the terms of trading. They are actually quite favorable to the trader compared to many other brokers.<br />
<br />
First of all, there are no margin calls (ie your positions are closed once equity is zero, not when available margin is zero). Many balk at this and say it encourages traders to risk their entire accounts. But let's be serious here: if your account size is $1000 or smaller, having a margin requirement is silly, since in the big scheme of things $1000 is pocket change. This actually ends up being an advantage to the trader because it gives him extra drawdown depth.<br />
<br />
My whole point regarding the margin call issue is that, unless you are doing 10 lot positions or larger, margin requirements are unnecessary because there is hardly any risk for the broker to absorb.<br />
<br />
The next advantage the terms offer is that each dollar in your account can buy 100 units of BASE currency, regardless of the exchange rate. So with 100 dollars you could buy 10000 GBP/USD even though this would be impossible otherwise, since 100 USD at 100:1 leverage should only buy you 6250 GBP/USD at the current exchange rate.<br />
<br />
To the keen eye, it becomes apparent that this broker is really trying to lessen your barriers to entry if you have a small account size.<br />
<br />
Their spreads are 1 pip larger than average on some pairs.<br />
<br />
I got a withdrawal through paper check no problem; it took about 2 weeks (if you think getting a check in 2 weeks is too slow, then I don't know what to say).<br />
<br />
I will probably be labeled a shill because I have submitted a detailed review and am not part of the army of crybaby losers that pervade these ratings boards.
Lefty 6 Oct 2009 Reply
<br />
If you require fast execution, then this broker is NOT for you. Their dealing desk often takes quite a while to quote a price. Scalping is a fool's strategy anyways (no, seriously). If you think you can be successful at forex through scalping, you are just kidding yourself.<br />
<br />
A lot of negatives so far. So why do I rate it 3 stars? Well, if you can get past all of the inconveniences, take a look at the terms of trading. They are actually quite favorable to the trader compared to many other brokers.<br />
<br />
First of all, there are no margin calls (ie your positions are closed once equity is zero, not when available margin is zero). Many balk at this and say it encourages traders to risk their entire accounts. But let's be serious here: if your account size is $1000 or smaller, having a margin requirement is silly, since in the big scheme of things $1000 is pocket change. This actually ends up being an advantage to the trader because it gives him extra drawdown depth.<br />
<br />
My whole point regarding the margin call issue is that, unless you are doing 10 lot positions or larger, margin requirements are unnecessary because there is hardly any risk for the broker to absorb.<br />
<br />
The next advantage the terms offer is that each dollar in your account can buy 100 units of BASE currency, regardless of the exchange rate. So with 100 dollars you could buy 10000 GBP/USD even though this would be impossible otherwise, since 100 USD at 100:1 leverage should only buy you 6250 GBP/USD at the current exchange rate.<br />
<br />
To the keen eye, it becomes apparent that this broker is really trying to lessen your barriers to entry if you have a small account size.<br />
<br />
Their spreads are 1 pip larger than average on some pairs.<br />
<br />
I got a withdrawal through paper check no problem; it took about 2 weeks (if you think getting a check in 2 weeks is too slow, then I don't know what to say).<br />
<br />
I will probably be labeled a shill because I have submitted a detailed review and am not part of the army of crybaby losers that pervade these ratings boards.
Lefty 6 Oct 2009 Reply
I think nobody can beat there spread with you take loss trade reverse commision. Great service trading with them for while no issue with service. very polite staff.I think dont listen to people try yourself with $10 dollar you will see the difference compare to other brokers.
David 21 Sep 2009 Reply
David 21 Sep 2009 Reply
Can't say anything bad about this broker. Execution, quotes, dow jones news, market signals - 4*
George, Texas 14 Sep 2009 Reply
George, Texas 14 Sep 2009 Reply
Anything good. One guy from Russia spoke to me about them. The deceit from their party is very well latent. But it at once you understand, as soon as at them you will trade. The wrong prices and work against clients it is style FxClub.
Leeon 25 Aug 2009 Reply
Leeon 25 Aug 2009 Reply
All other brokers already a lot of time execute orders instantly but only FC cannot do it. Thus FC has an awful trading platform which incorrectly shows the prices and indicators work not as for all others. Therefore their service very much poor quality.
GREGORY 22 Aug 2009 Reply
GREGORY 22 Aug 2009 Reply
I can't say they too slow. It takes time to get a quote for market order but this quote is guarantees for 5 seconds which i very beneficial. I like their terms. Would recommend to try them.
Vasily 20 Aug 2009 Reply
Vasily 20 Aug 2009 Reply
All fine day. I will disagree with those guys which encourage FxClub. When the broker cannot execute in time my orders on trade it the broker badly means works and for it bad service.
Sautas 18 Aug 2009 Reply
Sautas 18 Aug 2009 Reply
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Forex Club is a top rated New York City based brokerage that is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Forex Club forex services individual traders, money managers, white label...
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