Forex Club (FXClub)

About Forex Club

Forex Club Financial Company, Inc. is a US Forex brokerage company located in New York, New York. The company was founded in 2005 by its President and Chief Executive Officer, Michael J Felice. Forex Club is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

Forex Club operates as a Market Maker broker. It is one of the world's leading brokers, with customers in over 50 countries. Its presence is strongest in Eurasia, where it occupies leading positions in a number of important markets. It is one of the top brokers in North America and one of the three leading brokers in Asia. It opens 1,000 new accounts each day. The educational resources offered by Forex Club have been rated the best in the industry.

The company has opted to use its own platform (Rumus2). The Rumus2 platform offers the most advanced charting tools among free trading platforms. The platform can be utilized via Windows, Linux, FreeBSD, SmartPhone, PDA platform, and with proper emulation, Mac. Forex Club's trading platform is open throughout the whole global session, allowing for 24 hour trading. All accounts include a pattern recognition software called Autochartist, as well as Dow Jones and Bloomberg news feeds and price quotes.

The company guarantees fixed spreads and fills on stops/limits during normal market conditions. Forex Club does not have margin calls. All positions are closed when a trader's current losses are equivalent to the amount in his/her account. Traders can reverse their position (long/short) without having to close it and fix current P/L. Traders can also performs SWAPs. Slippage does not occur on the Forex Club's platform. Instead, their platforms request a quote to ensure that all trades are executed without slippage. They also guarantee no re-quotes.

Forex Club offers leverage in the base currency of up to 1:100 (variants including a max of 50:1 for accounts from $100,000 to $200,000 and 20:1 for accounts over $200,000). They offer a lower initial deposit (only $10 to start an account) than any other broker. Their minimum lot size is 0.01.

Forex Club takes pride in its no spread trading policy. Trades can be made for a commission cost of $0.4 for each $1000 traded. This commission cost is refunded to customers who make unprofitable trades. This policy is very advantageous for people who trade high cost pairs. There are 22 currency pairs offered for trade through Forex Club.

Contact information
Address: 1200 South Ave. Suite 203,
Staten Island, NY 10314 USA
Phones:
English: 1 (800) 881-3809
Chinese: 1 (800) 541-4302
Russian: 1 (800) 871-2654
Fax: 1 (718) 477-3719
Emails:
General info@fxclub.com
Tech. support support@fxclub.com
Trading Desk dealer@fxclub.com
IB Program partner@fxclub.com
Website: http://www.fxclub.com/

Company Additional Information
On-line since: 2000Country of origin: USA
Regulation: Futures Commission Merchant (FCM) registered with the National Futures Association (NFA ID 0358265).
Payment options: Credit cars, PayPal, wire transfer and checks
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: from 1:20 to 1:100
Spreads: 3 pips on EUR/USD
Commissions: $40 per $100k for profitable trades

Review on Forex club (fxclub)
Well,after reading a lot about forex club i think their some features are good like demo account, beginners can learn.On the other hand some people complaint about that they do not answer emails.Overall rating is nearly 2 starts in forexpeacearmy.com which is not scam but not enough. Some of them think they are Russian Mafia but you shouldn't make categories of people as Russian Mafia or American Mafia. if you want to say Mafia say it but don't need to attach their countries.

Website information
Created: 2003-11-17
Expires: 2010-11-17
Updated: 2007-06-29