General Information & Regulation
Founded in 1997, ForexClub has more than 20 years of experience in financial markets and online trading, serving 2.2 million clients from more than 110 countries. ForexClub is authorized and regulated by the Cyprus Securities and Exchange Commission (Registration No. 164/12) and the National Bank of Belarus (Regulation No. 192580558).
Market Instruments
ForexClub offers investors more than 250 trading assets, including Forex currency pairs, indices, stocks, metals, agricultural products, crude oil and natural gas, and ETFs online.
Minimum Deposit
ForexClub has three trading platforms and, therefore, three types of trading accounts: Libertex, MT4, and MT5. The minimum initial deposit to open a Libertex account is equal to $10, which is much lower than most brokers' initial account opening requirements.
ForexClub Leverage
The maximum leverage available is up to1：1000，which is considered high. Traders, howeve, should be careful, because high leverage level may lead to heavy fund losses,exceeding initial investment.
Spreads & Commissions
ForexClub's fixed spreads are above average, amounting to 3 pips for the EUR/USD pair. Its variable spreads, 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 Platforms
ForexClub offers traders the main trading platforms Libertex, MT4, and MT5. The Libertex trading platform allows investors to quickly withdraw profits online from anywhere in the world, with free practice and a $50,000 demo deposit when signing up for a demo account. MT5 is the latest version of the most popular forex trading software. In addition to traditional forex currency pairs, the new MT5 terminal allows investors to trade stocks, indices, crude oil & natural gas, agricultural products, digital cryptocurrencies, and more.
Deposit and withdrawal
ForexClub supports traders to deposit and withdraw funds from their investment accounts via UnionPay, VISA, JCB, MasterCard, Alipay, WeChat, Bitcoin, and Skrill.
Customer Support
Traders needing assistance from ForexClub staff can receive direct responses 24/5 via phone, chat and email. We tested all three of these services and were extremely pleased with the results. Although it took the team about 10 hours to answer our email.
