Forex Club is geared towards beginners who are new to online currency trading. Therefore, Forex Club offers educational resources to help beginners gain a better understanding of the trading process. These include step-by-step guides, free web-based seminars and live chat sessions. Forex Club also offers the ExpressFX platform, a simple trading platform that is easy to understand for beginners and provides a relatively risk-free trading experience. Forex Club Financial Company fxclub.
Forex Club currently serves clients from over 50 countries and claims to open over 1, new accounts per day. This feature includes both live trading accounts and demo accounts.
The company was founded in by Michael J. Felice, who currently serves as both President and Chief Executive Officer of this company. Felice has over 30 years of experience in the brokerage industry and has also been involved with other financial and regulatory agencies.
Customer support can be contacted via an email form located on the Forex Club website. Forex Club also features a live chat support service, where a real-life representative is available to answer any questions and other concerns. You can also reach the company by phone toll-free at After filling out your phone number and confirmation code, the system will contact you and connect you to Forex Club.
The next step is funding your new account if you have chosen to create a live account. Forex Club offers several methods of depositing funds into your trading account. Credit cards can be used to deposit funds — Visa and MasterCard customers are charged a processing fee ranging from 2.
These deposits are processed immediately if made before the end of the weekly trading session. Other methods of depositing funds include online check reserved for U. The demo uses the ExpressFX platform, which provides step-by-step instruction on how to go through each trade. While the ExpressFX platform gives newcomers and regular traders an easier way to make successful trades, those who have ample experience may find the ClassicFX platform more suitable to their needs.
Geared towards veteran traders, the ClassicFX platform features more customization options for keeping track of emerging trends. Users of the ClassicFX platform can choose to monitor time frames up to a year, plot their own custom indicators, and have complete control over other customizable features. ClassicFX users also receive audible news and order alerts. In the event of an unsuccessful trade, the commission price is instantly refunded, meaning that traders using the ExpressFX platform are not penalized when they make a loss.
Minimum lot size is 0. Leverage in the base currency is 1: Forex Club offers stop orders and limit orders, but does not offer trailing stops. Navigating the Forex Club website is relatively straightforward, with the most important navigation links and features prominently displayed. The website is also available in Russian, as well as simple and traditional Chinese. Setting up an account with Forex Club is simple and free of any hassles. For instance, one of the first steps towards joining Forex Club is filling out a relatively simple application form that only takes a few minutes to complete.
Forex Club is a good choice for those who are new to Forex trading and want a comfortable and relatively risk-free starting point. Since the online Forex trader is geared towards beginners, those who have plenty of experience may end up satisfied elsewhere, but Forex Club does its best to accommodate both new and veteran traders.
The fees to return your money are too high. This company is a bucket-shop. They are pretty dishonest and have deceptive trade practices and fraudulent unfair practices. With their IT department they created a sinister software to take you at least for every trade 4 pips and to allow them to froze the trading platform called Act Trader to avoid you to take you gain.
I advised him about the unfair and dishonest practices of his company he answered me that he is going to take care about it and see the trouble with his IT department, but 3 months later I was still waiting. And for the others companies where he was associate usually there were regulatory actions for: They just scammed me they stole me more than Information that I found on the president and principal of the firm: Just want to give you my experience with FxClub Forex Club to avoid to others traders to get caught like I did and if you have any idea please I am very interested..
I started to trade with them on fifth July Already when I recovered completely my loss at the beginning of September the troubles have started the Act trader platform twice took the opposite side of my order. Despite my mails, nothing has changed. At the end of November they had scammed me and had stolen me more than Peter Tatarnikov the CEO is an untruthful person.
If you want more proofs just ask me. Mail will not be published required. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice.
Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex Club Forex Club is geared towards beginners who are new to online currency trading. Contact Information Customer support can be contacted via an email form located on the Forex Club website.
Contact information at a glance: Website Navigation and Account Setup Navigating the Forex Club website is relatively straightforward, with the most important navigation links and features prominently displayed. Bottom Line Forex Club is a good choice for those who are new to Forex trading and want a comfortable and relatively risk-free starting point.
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