FX Club

Take even a cursory glance at FX Club’s website, and you’ll understand why this Forex broker is one of the most popular brokers not just for US traders, but for Forex traders in 120 countries worldwide. In addition to having an intuitive website and multiple user-friendly trading platforms, FX Club, which is also known as Forex Club, is registered with the CTFC and is a member of the NFA. We’ve put FX Club to the test and evaluated their trading platform, ease of use, customer service and more. Read our comprehensive FX Club review to see if FX Club is right for you. General Information Founded in: 2005 Headquarters: New York Maximum leverage: 50:1 Minimum deposit: $200 (with ExpressFX platform) Minimum deal size: 1,000 (with ExpressFX platform) Languages available: English, Chinese (Simplified), Russian Trading Platform Unlike some Forex brokers like OANDA that offer a singular trading platform to meet the needs of all Forex traders, FX Club offers three distinct trading platforms, each of which is designed to cater to a different type of trader. The company’s ExpressFX is ideal for new Forex traders who want to take advantage of a lower minimum deposit, a commission refund for non-profitable trade executions (some restrictions apply) and zero spreads. The Rumus platform serves experienced traders and those who rely upon technical analysis, by offering over 50 indicators and oscillators, a customizable user-interface and web access for traders who feel compelled to be connected at all times. ExpressFX trade execution confirmation (click image to enlarge) The ActTrader trading platform also provided a straightforward experience, though it did not provide the ‘hand-holding’ features that are the hallmark of the ExpressFX platform. ActTrade’s user interface is neither too busy nor too overwhelming, as tabbed browsing allows traders to see only the information that they want without being distracted by other information. Buttons that have both text and images enable users to know exactly how to execute desired trading moves without reading any of the user guides or welcome tutorials that are found in many other trading platforms. Lastly, we found that FX Club offers multiple payment options, which makes it easy to fund your Forex trading account in the way that’s most comfortable for you. Payment methods include credit card, MoneyBookers, online check, wire transfer, money order and via AlertPay services. Unfortunately, PayPal is not an acceptable form of payment, but we were willing to overlook this inconvenience because so many other payment options are available.