Forex Club is one of the most famous international brokerage companies in the Forex market. Founded in 1997, the company provides financial services to traders around the world. Today, Forex Club has hundreds of representative offices in Europe, CIS countries, Asia and Latin America.

Forex Club clients get access to a wide range of financial instruments. In particular, they can trade 54 currency pairs on the Forex market, 72 CFD instruments, which include oil, non-ferrous metals, stocks and indices, as well as precious metals and cryptocurrencies.

The company regularly participates in international awards and receives awards, which confirms the high quality of services and professionalism of its team. In 2012, Forex Club received the "Best Dealing" award according to the authoritative edition of the World Finance Award and was recognized as the "Forex Company of the Year". In 2018 and 2019, Libertex's unique trading platform won two "Best Trading Application" awards.

Trading conditions

Forex Club is one of the most famous international brokerage companies in the Forex market. Founded in 1997, the company provides financial services to traders around the world and has hundreds of representative offices in Europe, CIS countries, Asia and Latin America. 

Forex Club clients get access to a wide range of financial instruments, including 54 currency pairs on the Forex market, 150 CFD instruments (stocks, indices, metals, oil and gas), gold, silver, Bitcoin and Litecoin. The broker offers some of the most favorable conditions in the Forex market for traders from the CIS, including a minimum deposit of only $ 10 and leverage from 1:200 to 1:500. The stop-out level ranges from 20% to 50%, depending on the type of trading account.

The company provides a variety of trading platforms: Libertex, Rumus, MT4-Instant, MT4-Market, MT5-Instant, MT5-Market, as well as a mobile application and Multiterminal. This allows traders to choose the most convenient trading method for them. Customers can replenish their trading accounts and withdraw their earned profits in numerous ways, including VISA, Mastercard, Maestro, QIWI, WebMoney, YooMoney, Skrill, Neteller, bank transfers and mobile payments through various operators.

Forex Club offers its clients guaranteed accruals from 9% to 12% per annum on the balance of funds on the account, subject to replenishment in the amount of $ 5,000 or more. Spreads vary depending on the chosen platform: from 0 points in Libertex to 3 points in Rumus, and from 0.5 to 0.6 points in MT4 and MT5. The minimum order volume is 0.01 lots.

The company maintains round-the-clock customer support (24/7) and offers an affiliate program. Customers can count on a welcome bonus of 100% to the account and compensation for the withdrawal fee. Forex Club also participates in international awards and regularly receives awards for the high quality of its services and the professionalism of the team.

In conclusion, Forex Club provides traders with some of the most favorable conditions for trading on the Forex market, a variety of tools and platforms, attractive bonuses and guaranteed interest on the balance of funds. This makes the company an excellent choice for both beginners and experienced traders.

Let's compare Forex Club with RoboForex, Exness, TeleTrade and Pocket Option – these are four popular brokers providing services in the Forex market. Despite some similarities, they offer different conditions and services for traders. 

Forex Club offers competitive conditions with a minimum deposit of $10 and a high leverage of up to 1:500, as well as the possibility of receiving interest on the balance of funds on the account. RoboForex and Exness are distinguished by high leverage up to 1:2000 and the presence of cent accounts. TeleTrade and Pocket Option offer their own unique terms, including lower minimum deposits and various trading platforms. The choice of a broker depends on the individual preferences and trading strategies of the trader. None of the brokers offers a no deposit bonus. RoboForex and Exness provide the opportunity to open cent accounts, which Forex Club, TeleTrade and Pocket Option do not have.

Types of accounts

Forex Club Broker offers a wide range of trading accounts, including both real and demo versions, which provides flexibility for different categories of traders. Real accounts include Rumus, Libertex, MT4-Instant, MT4-Market, MT5-Instant and MT5-Market, each of which offers its own unique conditions for trading on the Forex market. This diverse selection allows users to select the account that best suits their trading preferences and level of experience.

Forex Club offers six different types of demo accounts, each of which fully corresponds to its real counterpart. Traders can choose between Rumus, Libertex, MT4-Instant, MT4-Market, MT5-Instant and MT5-Market demo accounts, each of which provides access to a variety of trading instruments, including currency pairs, cryptocurrencies, metals, indices, stocks, oil and gas. The maximum leverage on demo accounts varies from 1:200 to 1:600, which allows traders to choose the most suitable conditions depending on their trading strategies and preferences. The absence of time limits on the use of demo accounts allows you to train and experiment as much as necessary before switching to real trading.

Forex Club brokers do not provide an opportunity to open a cent account for its clients. However, the company welcomes novice traders without setting limits on the minimum deposit, which allows you to open an account from $ 1.

Forex Club offers a variety of types of real trading accounts that meet the needs of both beginners and experienced traders. The Rumus account is designed for professional market participants, offering access to currency pairs and CFDs for metals, indices, oil and gas with a maximum leverage of 1:200 and no transaction fees.

MT4-Instant provides access to over 100 trading instruments, a minimum lot of 0.01 and low spreads of 0.6 points, which makes it a convenient choice for beginners. The stop out level is 20%. MT4-Market is also suitable for both beginners and professionals, offering the opportunity to trade micro lots with low spreads of 0.5 points and a commission of $ 0.04 or 0.01 lots, while the stop out level is 50%.

The Libertex account allows traders to trade online without installing additional software, offering more than 100 trading instruments with no spreads and a minimum commission of 0.03%. The leverage on Libertex reaches 1:600, and the stop out level for stocks is set at 20%.

MT5-Instant and MT5-Market provide similar trading conditions to their counterparts on the MT4 platform, differing only in the MetaTrader 5 trading platform. Both platforms provide extensive technical capabilities for analysis and trading, allowing traders to effectively implement their trading strategies.

Commissions and fees

Analysts of the International Association of Forex Traders (MOFT) conducted a detailed analysis of Forex Club trading conditions to identify explicit and hidden commissions. Forex Club charges a withdrawal fee, which varies from 0.8% to 2.5% depending on the electronic payment system used. There is no commission when withdrawing via QIWI and YooMoney wallets. The broker compensates 100% of the commissions of payment systems and bank transfers with bonus funds, except for replenishment via WebMoney, where the commission is 0.8%.

Fees and account types

• Libertex: Spreads start from $0, there is a withdrawal fee.

• Rumus: Spreads from $ 30, withdrawal fee is present.

• MT4-Instant: Spreads from $ 6, withdrawal fee is present.

• MT5-Instant: Spreads from $ 6, withdrawal fee is present.

• MT4-Market: Spreads from $ 5, withdrawal fee is present.

• MT5-Market: Spreads from $ 5, withdrawal fee is present.

In addition, Forex Club has a floating commission for transferring transactions to the next day (swap), the amount of which depends on the market situation.

Based on a comparative analysis of trading commissions conducted by MOFT analysts, Forex Club demonstrates a high level of commissions, the average value of which is $8.6. This makes the broker less attractive in terms of trading costs compared to competitors. RoboForex, with its low average commission of $1, and Pocket Option with an average commission of $2.5, represent more profitable options for traders seeking to minimize trading costs.

Forex Club provides a variety of trading platforms and tools, as well as competitive conditions for traders. However, the broker charges high fees for withdrawals and for postponing transactions to the next day. RoboForex and Pocket Option offer lower commissions, which makes them more attractive to traders seeking to minimize trading costs. Forex Club compensates the commissions of payment systems with bonus funds, which can be beneficial for customers using certain methods of depositing and withdrawing funds.

Useful services

Forex Club offers its clients several useful services that greatly facilitate trading on the Forex market:

Online Terminal: This service allows traders to trade without having to download and install additional software on their devices. This is convenient for those who prefer quick access to trading at any time.

Forex Charts online: Provide real-time updates of currency pair quotes, which allows traders to conduct accurate technical and fundamental analysis. This is especially important for making informed decisions during trading.

Trading Central: The analytics service from Trading Central provides traders with access to professional forecasts and recommendations regarding trading strategies. This helps traders identify potential opportunities for profitable trading.

Market Calendar: Includes information about upcoming economic events and their expected volatility. This feature helps traders plan their trades and minimize risks in a volatile market.

All these services make trading on Forex Club more accessible, efficient and informed, which is important for both beginners and experienced traders seeking to work successfully on the international currency market.

Safety

Forex Club International Limited, registered in Saint Vincent and the Grenadines, carries out its financial and brokerage activities without a mandatory license in this jurisdiction. However, the official regulator of the company today is the Cyprus Securities and Exchange Commission (CySEC), with license number 164/12.

CySEC, as an international European regulator, operates in accordance with EU legislation and is located in the Republic of Cyprus. He strictly controls the activities of the Forex Club, providing the company's clients with information transparency and protection of their rights.

It is also worth noting that since February 26, 2016, Forex Club has been a member of the International Financial Commission. This status underlines the reliability and long-term success of the company, since only time-tested brokerage companies can become members of the International Financial Commission.