Forex Club-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Established in 1997, Forex Club is a collective brand of several entities that provide trading in forex and CFDs on shares, metals, indices, and other instruments. Forex Club has clients in more than 120 countries, mainly within the Commonwealth of Independent States (CIS), or the former Soviet countries. Its subsidiaries are regulated in Russia, Belarus, and Cyprus This Forex Club is a unit registered in Saint Vincent and the Grenadines, and does not fall under any regulatory agency.

Market Instruments

Forex Club provides trading in forex and CFDs on shares, metals, indices, and other instruments

Minimum Deposit

Forex Club has set no minimum initial requirement, so one may start trading with just $1.Although this may sounds a good news for most traders, given the fact that Forex Club is not subject to any regulation, traders are not advised to register real trading accounts here.

Demo Account

FX Club offers free $50,000 demo accounts for each of its trading platforms, so that if youre not sure which one is best for you, you can test them out.

Leverage

The maximum leverage levels available with Forex Club are 1:500, which is considered high. Traders, however, should be careful, because higher leverage levels may lead to heavy losses, exceeding initial investments.

Spreads & Commissions

Forex Clubs fixed spreads are above average, amounting to 3 pips for the EUR/USD pair. Its variable spreads, on the other hand, are competitive – the ones on the MT4 (market execution) start from 0.2 pips and involve a commission of $4. So the minimum trading costs per standard lot are around 1 pips for this pair.

Trading Platform Available

Forex Club offers the standard MT4, as well as its in-house Rumus, StartFX and the brokers latest terminal – Libertex.

Deposit & Withdrawal

Clients of Forex Club are offered a variety of payment options to choose from: credit/debit cards, bank wire transfers, and the following e-wallets: Skrill. WebMoney, Qiwi, Moneta.ru., Yandex, and others.

Customer Support

Traders needing assistance from FX Clubs staff can receive direct responses 24/5 via phone, chat and email. Although it took the team about 10 hours to answer our email, we were satisfied that they responded to our inquiry succinctly and courteously.