Forex Club: reviews and characteristics of the broker

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Let's consider one of the largest brokers in Russia - Forex Club. Reviews about him, as well as about any dealing center, are versatile. But we will return to the reviews a little later, first we will give a description of the club.

Forex Club is a group of united brokerage companies and educational institutions that provide their clients with effective access to online trading. The number of customers reaches several hundred thousand in more than 120 countries.

There is nothing superfluous on the club's official website. Everything is concise and clear. Three sections are given. If you are already an experienced and confident trader, then welcome to the last section - "Start Trading".

Here is a very correct note-warning that trading in the foreign exchange market is a risky activity that brings not only profit, but also losses. The amount of possible losses is limited by the size of the deposit.

In fact, these two lines contain the main meaning of trading in the foreign exchange market. Trading is a job that needs to be constantly improved. And this requires training and experience. Forex trading is a risk, but the risk is justified. Can't just drophands on failure. Today you lost your entire deposit, and tomorrow you can triple your deposit. Many reviews (including about the Forex Club) of traders say the same, and if you are not ready to take risks, then the foreign exchange market is definitely not for you.

If you are new to this business, we advise you to start with the second section - "On-line seminar". Here you will be helped to learn online trading. They will tell you about financial markets, how to trade on them and what principles it is better to follow for successful work. You will learn where to start, which trading platform to choose and how to open a training demo account. In addition, you have the opportunity to receive online consultations from teachers and analysts of the Academy on an individual basis.

And the first section remained - this is the opening of a demo account. There you register, download the trading terminal and start trading with virtual money.

Here I want to make a small digression. Many experienced traders do not advise starting their studies with a demo account, since the trading conditions on a virtual and real account are still different. It is better if you study on a cent account, this is real trading. Only the Forex Club does not have it, customer reviews on this occasion express regret. Just then it will be much easier to work with the dollar counterpart.

Trading conditions provided by the Forex Club (client feedback on this matter is positive):

• trading platforms - StartFX2, МТ4, Rumus;

• Minimum deposit $200;

• leverage from 1:1 to 1:200;

• trading instruments - currencies, stocks, gold, indices, oil, metals and so on;

• the deposit is opened in US dollars;

• methods of withdrawing/replenishing accounts are the Webmoney system, plastic cards of international payment systems and a virtual VISA card.

What can reviews of the Forex Club say? First of all, I would like to note that reviews should only be viewed on reliable resources, for example, arbitration on WebMoney. As for the Forex Club, the reviews left about it say that there is a normal, working process. Someone is happy with everything, everything suits, and someone has complaints and questions. Perhaps here you need to be able to read between the lines.

If a person writes that he was deceived and robbed, then most likely this is a would-be newbie who really didn’t understand anything, decided that it was like playing poker. The result here is obvious - the drain of the deposit. There are reviews with a purely subjective opinion. For example, one is not satisfied with the floating spread, and the other is not satisfied with the fixed one. One platform suits someone, another one suits someone else, and so you can sort through it ad infinitum.

There is only one possible conclusion here - you need to try it yourself, otherwise you won't figure it out.