They vary depending on the amount of your deposit and traded volume. The peculiarity of the broker is that the trading conditions change depending on the type of the trading platform you are using. The account types allow only to gain access to specific analytical services, learning and support. For example, traders can use the services of a personal analyst on Forex Club, and also obtain access to direct communication with the chief dealer and chief analyst.
These functions, however, are only available to the traders, who opened Diamond or Exclusive accounts. Holders of Gold account receive access to Trading Central instruments, and users of Platinum trading account and higher can use market player mood indicator. Only the traders with the status Gold or higher can receive the full version of the basic learning course.
Forex Club offers access to a demo account for its customers. This feature is free. The users are not required to set up an account on the platform in order to work with the demo account. The customers are provided a demo account on Libertex platform, while other platforms are available to the customers only on real accounts. However, they may differ, depending on the chosen trading platform.
You can learn about the conditions of different terminals in the Contract Specification section. Below is a short review of the conditions. The procedure of opening an account on Forex Club is elementary. The first stage is providing registration information. Noteworthy, the registration forms differ in the Russian and English versions. When filling out the Russian-language form, you need to specify the following information:.
In the English-language version, everything is even simpler. You need to only fill out two boxes:. To begin trading, you need to deposit funds on your account. The user is given the status of Silver account by default, but as soon as you deposit a certain amount, the status will change.
Right after the registration, you will see a Welcome screen, where Forex Club will offer you to deposit funds on the account. After you press Fund It, you will be redirected to the Deposit form. You need to:. The list of base currencies on Forex Club is quite limited. In particular, the following currencies are available for trading:. Overall, the list of base currencies on Forex Club can be called standard for the Russian brokers.
For example, Alpari offers its customers three base currencies. However, compared to Exness, Forex Club is lagging behind. Firstly, Exness supports 7 base currencies, including the world's popular currencies. Secondly, the broker has the support of cryptocurrencies, while FXClub does not. Forex Club offers a wide selection of deposit and withdrawal methods. The broker supports Russian and international payment systems, which enables traders from foreign countries to work with the broker.
The company allows to deposit and withdraw funds via a wire transfer. Also, Forex Club processes payments via electronic payment systems. The company works with e-wallets of six operators:. For Russian traders, the broker offers additional payment methods. In particular, Alpha-Click and Promsvyazbank online banking are available to the customers. Forex Club policy in regards to commissions and fees can be considered a drawback.
Firstly, the broker charges deposit fees, which is a rare occurrence these days. The broker compensates for the fees only giving the bonuses you cannot withdraw. There is either no withdrawal fee or a small fee. The exception is the wire transfer, where the fee is fixed and rather high.
Forex Club offers about the same big number of options for depositing funds as Alpari, but also the level of fees for transactions is quite comparable. Exness has fewer supported payment services, but the broker does not charge deposit fee. Forex Club offers its clients a wide selection of trading platforms. The broker primarily provides customers services via Libertex platform. In addition, Forex Club offers access to other trading platforms:.
The broker provides access to trading platforms for all types of devices, including online platforms, software for Windows and Mac PCs, and also Android and iOS applications. Forex Club offers special options for traders preferring automated trading. In particular, the users can download trading advisors. You can also build your own trading bots. The trading conditions on Libertex and other trading platforms differ substantially. For example, the commissions on MetaTrader 4 are much higher than on Libertex, which could pose a problem for customers, who prefer classic trading platforms.
Forex Club has more trading platforms than its competitors in the Russian market. As for Alpari , the broker also has 4 trading platforms, but does not have a proprietary one. The MetaTrader 4, MetaTrader 5 and Rumus platforms of the broker are standard, without any modifications. That is why we will review the Libertex platform in more detail. Unfortunately, the broker does not have a sophisticated security system. The account is accessed with login and password.
Two-factor authentication is not available; there is also no secret question. Libertex trading platform looks as follows:. When setting up the chart, you can also choose the timeframe. The company offers a choice of the timeframe from 1 minute to 1 month. You can also view charts in full screen mode.
The broker offers 42 indicators for technical analysis and also 50 different drawing and template instruments. As for the choice of trading instruments, the broker offers an interesting solution. The instruments are categorized not only by types, but also by the movement of quotations.
For example, the following categories are available:. There is also the Popular category, where you will find the most liquid trading pairs and trading instruments. The list of trading instruments can be found in the right part of the trading platform. If you are interested in simple search by groups of instruments, you can choose them from the pop-down list All Instruments in the top right corner of the platform.
There is also a Search option here, where you can search for currency pairs or CFDs by name or exchange ticker. You need to select the amount and the lot. Also, you can set Take Profit and Stop Loss orders. On the right side of the platform, you can find information about your balance and opened trades. You can view your account balance, profit, funds in use. Also here, you can view the details on your active trades. In addition, there is Favorites menu here, where you can add the most interesting trading pairs or instruments.
Trade automation is another option Forex Club offers. The broker provides its customers an opportunity to trade using trading advisors. Forex Club offers analytics for the traders, but it is not very extensive. Traders can use them both on real and on demo accounts. As for the fundamental analysis, the broker provides reviews of its own experts, information about the current key rates of central banks and also an economic calendar.
However, there are generally not enough materials for a fundamental analysis. There are no diagrams and analytical calculations, no analytics on specific assets. That is why analytical materials on Forex Club can be considered basic. Forex Club provides trading signals. They are fully free and are provided to users with any type of account, including the demo account. Trading Central provides the trading signals to the broker. You will find them on Libertex trading platform.
To use the trading signals, you need to choose an asset on the platform with a corresponding mark — a megaphone sign. Over the chart, you will see a button with the description of the trading signal. The options can be as follows:. By pressing a button, a menu of the trad will open. You will see a button Sell by signal with a downward or upward arrow. You will also see signal probability and signal profitability indicators. However, it is unknown, which indicators are used to make the forecast.
The News section can also be found on Libertex platform. The button is located in the upper part of the platform. The news for Forex Club is provided by third-party sources, including Investing. Noteworthy, the newsfeed is regularly updated. On average news items are published per hour, and even more than that during important events, press conferences, etc.
There is, however, one drawback. In particular, you can filter the news by assets. Forex Club also provides access to Libertex TV. News in the format of a short video review, around 1 minute long, are published here. The video reviews can also be found in the Libertex news section. Forex Club publishes market reviews on its website. The experts also publish announcements of the global events for the next day.
Forex Club also specifies forecast accuracy of each expert. The issue with the reviews is the same as with the newsfeed — it is impossible to sort the forecast by the types of assets. In addition, it is impossible to subscribe to the experts, which can also be considered a drawback. There is, however, a search by assets and company experts. Forex Club provides education for the beginners.
The conditions differ depending on the type of the account. The users that open Silver or Gold trading accounts receive only basic information, while traders with a Platinum or Diamond account will be granted full access to beginner courses. The organization provides both online and offline courses. Forex Club, however, does not have educational blogs. In particular, the broker does not provide training in text format, does not have articles with reviews of trading strategies, etc.
The company has a YouTube channel, but it is mainly dedicated to news reviews and technical analysis. There are very few educational materials there. In the section, you will also find access to two types of courses — for beginners and for experienced traders. After pressing Learn More, you will be redirected to the Libertex platform, where the courses are published.
The length of the courses is approximately 3 hours. They are divided into blocks, which include from 4 to 29 tutorials. The company regularly holds training seminars. They are held at the offices of Forex Club. The broker has offices in over countries. Unfortunately, there is not much information about Forex Club seminars.
The broker does not hold webinars. The contacts of customer support are known only for Russia and Ukraine, but the contacts of the offices in the CIS accounts, where the customer can seek assistance are provided. Noteworthy, Forex Club specialists respond rather quickly. After sending a request through the form, we received a response within 30 minutes. There is also a feedback form.
To access it, press the Assistance and Support button on the home page of Forex Club website. The contacts of technical support are not provided on the Forex Club website, except for Russia and Ukraine. However, there are addresses of the offices in the CIS countries. Below are the contacts of the offices located in the capitals of the countries:. Forex Club regularly has special offers and promotions for its customers. As of the time this review was being prepared October , the company was offering two bonuses — one of the beginners and one for the customers that are already working with Forex Club.
To use the special offer, a customer needs to deposit an amount from USD The maximum bonus is USD 10, The bonus is accrued to a special account and in order to withdraw it, you need to convert it into real money. The bonus has to be converted no later than within 90 days. The broker is well suitable for the beginners, wanting to learn to trade Forex and CFDs.
The broker offers learning materials, a demo account, and a wide selection of platforms to allow a beginner to choose the most suitable one. The company has offices in the largest cities of the CIS, where the educational courses are held, and where users can receive answers to their questions and resolve their issues. You can work on Forex Club with small capital, as there are no restrictions on minimum deposit here. The broker encourages all types of trading strategies without limitations.
Automated trading is also available. You can build your own trading bots, but this is available only to users with high status of the trading account. The biggest drawback of the company is that it does not have a license. In case of a disputable situation with the broker, you only can hope for its regulations, which is a very weak defense.
Overall, the broker will not be able to offer a sufficient diversity of trading instruments or proper legal protection of the capital to traders with big capital. However, it can be suitable for the users from the CIS countries, which are only starting their path in the financial markets, or have some experience, but not big capital. Risk warning: Trading Forex foreign exchange or CFDs contracts for difference on margin carries a high level of risk and may not be suitable for all investors.
There is a possibility that you may sustain a loss equal to or greater than your entire investment. Log in. Home » Rating Forex brokers ». Forex Club Review Open an account. Pros and cons Pros Cons year experience of operating in the financial markets. A good selection of trading terminals Good choice of currency pairs and CFDs Quick responses of the support team, many methods of means of communication Simple registration Bonuses for customers Low minimum deposit No brokerage license Low number of base currencies of the account No access to real stocks, commodities, indices Many options for analytics and learning are linked to the account types.
Brokers website. Author of the review Ivan Andriyenko is a financial expert and analyst. With 5-year experience of working in the financial markets. He also has experience of working on Forex, stock and futures markets. Good feedback Bad reviews. Real reviews of ForexClub Comments: 0 Leave feedback. I haven't noticed any problems yet. I spent 1 hour there and learned a lot of new things, although I'm not a novice 4 years Comments: 0 Leave feedback.
More reviews. Both positive and negative feedback can only leave authorized users. Country Percentage of customers Russia Commissions and fees. Pros Cons Low commissions on Libertex account on the majority of available markets No commissions on passive strategies Beneficial Forex and CFD trading No inactivity fee charged Compensation of payment system fees on deposits Commissions on CFDs on stocks are not universal, ranging from zero to high.
Different approaches, sometimes rather confusing, are applied to charging commissions on different types of accounts. On Libertex platform - 0. Apple 0. Withdrawal fees are only those charged by payment systems. CFDs on Apple 7. Reliability and regulation. Markets and products. Forex Club Alpari Exness Number of trading pairs 50 35 Forex Club Exness Alpari Number of commodities 17 12 7.
Opening an account. Pros Cons Low minimum deposit No mandatory verification Demo account Many trading accounts Only three available account currencies. Deposit and withdrawal. Money; Moneta. Pros Cons Big number of payment services Low withdrawal fees Quick deposit Deposit fee is compensated only with bonuses that cannot be withdrawn.
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Forex Club ; Interest Rate; Bonus Program; Traders Contests; MAM Software (MultiTerminal) ; IB's Program; Personal Manager; Phone Dealing; Low Minimum Deposit. TeleTradeBel, the Belarusian arm of forex brokerage TeleTrade Group, and lender of forex brokers – Open Investments, Financial Company Forex Club. Forex Club. The Belarusian Currency Stock Exchange (BCSE) said on Thursday it has approved the financial software for forex trading on the over-the-counter.