Overview
FOREX CLUB was founded in 1997 Nowadays it occupies a leading position on the global market of Internet trading. The group of companies includes a number of major brokers. The most famous of them are FOREX CLUB International Ltd., International Academy of Investment and Trading, Akmos Trade, FOREX CLUB LLC (USA). Forex Club has more than a hundred offices in twelve countries around the world and it continues to expand its zone of influence on the currency market. The services of this broker are used by Forex traders from one hundred and twenty countries around the world, including Russia, the United States and China.
Forex Club has a number of awards due to the providing of quality services, including "The Fastest Developing Broker", "Brand of the Year/EFFIE 2011 in the category of Financial Institutions, Products and Services", "The Best FOREX-Broker in Russia and the CIS", "The Best Broker of the Year FOREX EXPO", "The Financial Olympus", awards for the best financial platform and awards for high reliability. Forex Club received also the international certificate of ISO 9001 standard in 2007.
FOREX CLUB offers Forex traders a great range of services. It includes the trading of all popular currency pairs, crude oil, gold, securities, indices and customers can start trading even with a minimum capital of $30.
This broker is always glad to invite new customers and it provides them with the full support, starting with free primary education and ending with promotions with big cash prizes.
People can not only trade on this site themselves, but also invest their funds, giving them to a highly qualified manager, who will earn on the securities market and on the foreign exchange market.
Bonuses
Forex Club holds various events on its site and it offers a variety of bonuses.
The promotion Bring a Friend is available on the financial platform constantly. To take part in it, the registered user has to send from his personal account an invitation by email to the person, who wants to be invited. The person, who receives the letter by clicking on a unique link in it, registers, makes a deposit and then begins to trade actively. The user, who invites, can get a forex bonus from $15 to $600 according to the table on the site Forex Club. It depends on the sum, deposited by the invited player t and how actively he will trade.
The promotion Trading beginner is held by the broker regularly. All participants of the Forex Club can take part in it. This promotion takes place, usually in four stages and each stage lasts a week. Participants receive a special contest account, which comprises $5,000 for a week and they need to earn as much as possible. The participants, who get the first one hundred places in each stage, receive $3,000 as a Forex bonus, which is divided between winners. The higher is the place, the greater is the money prize.
Training
FOREX CLUB is trying to help Forex trading beginners starting to trade profitably, so users can find a large number of teaching materials on its site.
The first step that can make a new user is to register on an opening free online seminar, where he learns what is Forex, how to start trading and what materials should be studied.
In addition, every user can order free books about financial trading:
- Playing in stock market is easy (the book describes in easy language what is foreign exchange market, what is the technical analysis, what is fundamental analysis and what forex indicators are better to use)
- Good trading (from the book you can receive knowledge about the most common Japanese candlesticks and the most popular Forex indicators, used in trading).
After this or immediately after registration, the user can open a demo account, which has virtual money. The trading on the demo account is held in real time, as all Forex quotes correspond to real ones.
People, who choose to trade in the Forex market seriously, can consult the experts by phone or in the online chat about books that should be bought in the Forex Club store to study Forex strategies. Do not forget about the Forex advisors, but it is worth buying them after familiarizing with the financial markets and obtaining at least superficial knowledge about the Forex market.
FOREX CLUB also has its own Academy, where paid online learning is available in two directions: a new trader and advanced trader. In addition, customers can order individual training.
Since Forex Club has a large number of offices throughout Russia, anyone can pass live training, but it will cost money.
Terms of trading
The Forex Club offers traders the following trading platforms:
StartFX
The minimum deposit is $30
The minimum leverage is 1:100
Spread is from 0 points
Instruments include 11 currency pairs, gold and silver
Operation from mobile devices is not available
MetaFX (MetaTrader 4)
The minimum deposit is $200
The minimum leverage is 1:200
Spread is from 0.6 points
Instruments include 50 currency pairs, 51 CFD (securities, crude oil, gold and so on)
Operation from mobile devices is available
ExpertFX
The minimum deposit is $200
The minimum leverage is 1:100
Spread is from 3 points
Instruments include 22 currency pairs
Operation from mobile devices is available
ActiveFX
The minimum deposit is $200
The minimum leverage is 1:100
Spread is from 1.6 points
Instruments include 22 currency pairs, 51 CFD (crude oil, securities, non-ferrous metals and so on)
Operation from mobile devices is available.
Forex indicators (recommended)
- Japanese candlesticks
- alligator
- Elliot waves
- Stochastic Oscillator
Investments
FOREX CLUB allows not only trading on its platform, but also it allows people who are not well up in trading to earn. It is necessary to open an account and create an investment portfolio that includes several managers, i.e. Forex traders, who will work with received money. The usual fee of managers is 20-30% of the earned income.
Unique features
Forex Club provides an opportunity for all customers to credit trading accounts without commission of the payment systems. It takes all the costs and compensates the percentage, taken for the transfer. The broker pays $30 for every $1,000 transferred to the account during the replenishment of the trading account by bank transfer.
Add/withdraw funds
Forex Club offers Forex traders deposit and withdrawal of funds in the following ways: VISA, VISA ELECTRON, MasterCard, Diners Club, AMERICAN EXPRESS, JCB, WebMoney, QIWI, Skrill, RBK Money, Yandex Money, mobile transfers and bank transfers.
Contacts
Forex Club provides the comprehensive support to its customers via online chat and phone: +7 (495) 626-19-19, +7 (495) 727-06-06, 8-800-2002-600 (free of charge for Russia).
Phones of the Dealing Department are available for transactions by telephone:
+7 (495) 225-16-26, 8-800-200-88-06 (free of charge for Russia).
Cons and pros
+ popular broker in many countries of the world
+ the availability of learning materials
+ online-training
+ the great number of platforms for trading
- a small spread
- it is not always possible to close a transaction quickly.