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The optimal time to trade the forex foreign exchange market is when it's at its most active levels. That's when trading spreads the differences between bid prices and ask prices tend to narrow. In those situations, less money goes to the market makers facilitating currency trades, which leaves more money for the traders to pocket personally. Forex traders need to commit their hours to memory, with particular attention paid to the hours when two exchanges overlap. When more than one exchange is open at the same time, this increases trading volume and adds volatility—the extent and rate at which forex market schedule or currency prices change. The volatility can benefit forex traders. This may seem paradoxical.

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Working with forex reviews

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If you don't have time to read a lot of books, this book is for you. If you are looking for a book without fluff, this book is for you. If you have bad trading habits and need help, this book is for you. If you want to read just what you need to learn how to trade Forex, this book is for you.

If you want excellent advice from a trader who made the same trading mistakes you are currently making, buy the book. If you are looking for simple setups that are easy to understand and implement, buy the book. I bought many expensive Forex books that delivered only marginally what was promised.

This book is different. It is better than many expensive books that I purchased in the past. Buy it and read it fully before forming an opinion. Top critical review. Reviewed in the United States on June 24, A 60 page superficial overpriced unhelpful "book" with no unique knowledge or anything that couldn't be learned from the internet for free.

If you started trading with just the knowledge of this book, you'd get destroyed. This piece of writing is literally dangerous in its oversimplicity. The chapters are littered with spelling errors see my attatched image , and the whole thing just reads funny. I'd say it's a cheap publishing job but the sticker price doesn't really reflect that. The graphics are so poorly printed that the white candlesticks don't even show up see other attatched image.

The author also does the classic trick of mentioning an "expert" who mentored him, and who conveniently wished not to be named. He then brags about making six figures after a few years. Whatever dude. Prove it. No way. Please say this review was helpful so others can see. I will be returning this book. Sort by. Top reviews Most recent Top reviews.

Filter by. All reviewers Verified purchase only All reviewers. All stars 5 star only 4 star only 3 star only 2 star only 1 star only All positive All critical All stars. Text, image, video Image and video reviews only Text, image, video. There was a problem filtering reviews right now. Please try again later. From the United States. Verified Purchase. Images in this review. Showing 0 comments.

There was a problem loading comments right now. The book is very basic, and it is actually a sales pitch to a online course by the author. The concepts in the book are hardly scratched from the surface, without an in-depth analysis. It was an interesting reading for me though, being a Forex trader myself, yet I was looking for more abstract concepts in the book given the fancy title of the book.

Nice book for a trader with a decent level of knowledge. Sound advice about risk management and setting a trading strategy. Not for the beginner, but a quick and easy read. I will come back to later once I have a fuller grasp of the foundations of trading. Many surprising typos for a published book in my opinion, could use a new edit. I found this book and the videos very interesting and extremely wise to take note of especially a beginner.

Paul writes from experience and the school of hard knocks, and this is well worth the very cheap price for everyone not only beginners as I have found doing research that the basics are not covered very well in most publications. Buy it and learn a lot. Author recommends trading the daily and weekly charts His basic strategy is to enter based on engulfing candles.

Just a quick examination of charts shows how often engulfing candles fail, or else you have to endure big draw downs before the trade goes your way. Logically, the larger the time-frame, the larger the stop-loss, the bigger the risk. The book does make some good points as to planning and money-management. I prefer day-trading Forex myself, but you have to get up early. Cons None that i see fit. Yes No There are 1 unhelpful reviews 1. It is a great part time or full time job.

This is an online based business. You are your own boss. It is a 5 trillion dollar a day financial platform. Forex is currency trading. It is trading one currency for another. There are different time zones traders can trade and make money. Pros Make lot of money, no cap on income, set your own schedule. Cons Lose real money. Yes No. Excellent company Trader Current Employee - world-wide - July 5, A company on which you can choose your working days and hours, while having the opportunity to earn as much money as you are willing to loose.

Totally recommend it. Rate your recent company Share your experience to help others. Office table without partesians Sr. Fun work place, but too much management pressure, stress full working environment. Pros Free coffee, cupons.

Cons Short break. Yes There are 2 helpful reviews 2 No. The volatile of currency exchange rate requires strong analysis skills to forecast what will happen in during a specific period. Learned how to sell potential clients and educate them on products which are offered. Pros heart of wall street.

See more Forex reviews. Does Forex let you work from home? Learn more about working from home at Forex. Claim this company page. Want to know more about working here? Ask a question about working or interviewing at Forex. Our community is ready to answer. Ask a Question. Overall rating 3. Questions about Forex How do you feel about going to work each day at Forex? One person answered.

How are the working hours at Forex? Discussion topics at Forex Professional development. Mission and values. PTO and work-life balance.

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The brokerage firms are competing to offer new exciting features which make trading for the traders more exciting. The many account options and the numerous features that they offer often make it a bit hard for a trader to identify their ideal broker. On the other hand, the FX market is very lucrative not only for the trader but also for the broker.

This means that there are unscrupulous brokerage firms out there that aim to scam traders. For this reason, traders are advised to be diligent when picking their brokers. Reading FX brokers reviews which are unbiased, and which direct you to the right brokers that match your trading style and level of experience is of paramount importance. Because of the volatility in FX trading and also the negative effect a few rogue brokers have on the sector, FX is subjected to some level of stigma.

This also extends to FX broker reviews websites. There are those review sites that are biased and which give untrue information thereby misleading traders while there are those that are well researched and very informative. The internet is awash with information. There is verified and unverified information on the internet. A trader, especially, a newbie should understand that there are reviews of forex brokers which are affiliated to particular brokers.

Consequently, this means that the review is likely to be neither objective nor reliable. It is, therefore, important for you to countercheck the information which is found in a review to ensure that it is objective and accurate. Here are the things to look for;. When it comes to forex broker reviews and ratings, objectivity and impartiality are what you must look out for first.

If a review website is unbiased, visitors will trust it and this will lead to an increase in visitors. It is easy to know whether a review is biased or not by the tone used in the review. A review should have both positive and negative features of a broker. There are those brokers that have more positives than negatives, but still, a reviewer should be able to pass on the message without looking biased.

There are affiliate relationships between some review sites and brokers. Such relationships often compromise the level of objectivity a review might have. However, these relations do not necessarily mean that a review site is biased. Many of the review sites which have relationships or agreements with FX brokers alert users of such arrangements.

This is normally done in writing in the terms and conditions and also by placing banners centrally in the reviews. In order to remain objective and also seem to be so by the user, a credible FX website will publish a review before any agreement with a broker can be reached. Such a review site will compare all tables, fees, and other features of different brokers before forming an alliance with any broker.

A review should have the relevant information that will help a trader make an informed decision. There are those features of a broker that a review should concentrate on and those that cannot help a trader make a trading or an investment decision. Still, a review should be comprehensive enough to help a potential trader not only know the basic features of a broker but also understand the culture of such a brokerage. Traders want to read a review which makes them understand what different brokers have to offer.

Forex broker reviews which are filled with jargon will prove unhelpful for the intended readers. A complicated review which makes it hard for a visitor to analyze what a broker has to offer is simply making things harder for the visitor. A review should present balanced information that captures the main features of a brokerage firm.

It should be easy for a visitor to navigate a review website. As the internet has proven, information that is poorly presented is as good as having no information at all. A website that has accurate and well-presented information about a broker will definitely attract thousands if not millions of visitors.

If at the same time another website has the same information and a reader cannot understand the website or the content, then very few visitors will be attracted to it. A good website should be designed to help a reader locate what they want with ease. The best way that forex broker ratings and reviews help users is if such information is presented in graphs, charts, and tables.

Such tools not only help users to understand the data presented but also help them make quick analysis by themselves. It goes without saying that a review that offers only general information about brokers is not worth spending time on. A review should be insightful enough such that every visitor is captivated by the well-researched information in it.

By clearly defining and explaining the different concepts and features of an FX broker which are likely to be difficult to understand for the customers, the review website instantly puts itself at an edge over other sites. If an FX broker review explains the terms such as leverage, pips, hedging, spreads, and rollover, then the readers will have an easy time understanding the comparative data that such a reviewer presents to them.

The reader will also have an easy time determining what features a broker has which they will be more attentive to. But this can only happen if they understand what leverage is and how it works. A reviewer can help in this. People will generally prefer Forex broker reviews that are more supported by user-generated content like a grading system or testimonials. If a person gives a testimony that they have used a certain platform and they go ahead and describe their experience, other visitors or traders will tend to base their final decision on what such a person said.

It is for this reason that a negative review of a broker by a credible reviewer website will almost always tarnish the image of a broker. Finding the perfect FX broker takes time and some research. There are hundreds of online brokerage firms competing for your account. To find a broker that offers fast execution of transactions, charges reasonable commissions, and presents a reliable trading platform are some of the things you must establish first.

Many brokers offer extra services besides a trading platform. But it all comes down to one thing; how does your broker handle your money? And below are some of the things that you should check out? Different Forex traders have different expectations when they enter the FX market. There are those who want to earn just some marginal profit and there are those that seek to make FX trading their career.

A trader who has limited capital will gain a lot by fully understanding what leverage is and how it works. By establishing your needs first, you will have an easy time finding the ideal FX broker. Moreover, you will enjoy analyzing FX broker reviews and ratings when you know exactly what you want. Forex brokers are registered all over the world.

But there is a good reason why some FX brokers registered or from particular countries are more popular than others. It is advisable to check the license details of a broker and even confirm such details with the licensing bodies before committing your money. Honest Forex broker reviews will do their research and will help traders establish whether a specific broker is licensed or not.

This would entail you going through the Forex broker reviews list and then establishing what it is that you want from a broker. Good research will help you know the commission fees for the trading transactions. You would also know the different brokers who offer Micro accounts and what are the advantages of such an account. Reading the reviews and doing some personal research on the brokers will also help you establish the best broker based on your geological location, capital available, the Forex bonus they enjoy and the support offered by them.

Just as there are different FX brokers out there, there are numerous reviewers too. Read several reviews on a broker in order to have a better understanding of that broker. By reading several reviews on a broker, you are increasing your chances of not only knowing the broker better but also weeding out biased FX brokers reviews.

Our forex broker reviews list only the most reputable and best online forex brokers. The choice of which forex broker to choose can be very confusing, especially for inexperienced traders. Our broker reviews focus on what really matters to traders; what is the minimum account size, what leverage is offered, what platform does the broker offer and much more. The solution to switch to a forex broker with another regulation authority that has no restrictions to high leverage trading.

You can read our comparison of forex brokers with high leverage here. The standard forex trading order size is determined in lots. There are 1. There are opportunities to trade with a smaller order size like 0,01 lot. It is called cent accounts. With a cent account, it means only units. Cent accounts are suitable for traders who want to start with very small amounts of money.

You can read our comparison of cent account here. That means you will get raw spreads from the markets. Depending on the broker it can be really 0. This type of trading accounts is suitable for scalp traders and traders who are using a high order volume. Read our comparison of zero spread accounts here.

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit.

For example, brokers in Europe must have regulations or licenses if they want to offer their services. The regulation can be in any European country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license. Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and guarantee a safe trade.

Many brokers, for example, are regulated in Cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above. Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves.

In the end, withdrawals were refused or delays occurred. Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer leverage up to Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management. A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk.

This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading. For most traders, the first deposit into their account is very exciting.

It should work smoothly and be highly secure. Forex Brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods credit card, e-wallet, PayPal, crypto or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. If this is worth it, you have to decide for yourself.

There are no fees for deposits. The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. Not every country is available for Forex Brokers and trading.

This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much to afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the United States of Amerika. From my experience, the fastest-growing countries are in Africa and Asia.

Because of the development of the mobile internet, more people get connected to the forex market. India, Nigeria, the Philippines, Malaysia, and China are at the moment the fastest-growing countries. Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

On this page, we have presented you with our current list of the top 20 Forex Brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons. Profit now from the most favorable fees and the best conditions by my experience of many years.

We hope you could learn something in this comparison and act now with better providers through my recommendations. Successful forex trading requires a good and reliable broker. In this review, we showed you the top 20 secure forex brokers. Now you can choose your professional trading partner. Last Updated on May 6, by Andre Witzel.

Risk Warning: Your capital can be endangered. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results. This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website. Click on the different category headings to find out more.

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The internet is awash with information. There is verified and unverified information on the internet. A trader, especially, a newbie should understand that there are reviews of forex brokers which are affiliated to particular brokers. Consequently, this means that the review is likely to be neither objective nor reliable. It is, therefore, important for you to countercheck the information which is found in a review to ensure that it is objective and accurate. Here are the things to look for;.

When it comes to forex broker reviews and ratings, objectivity and impartiality are what you must look out for first. If a review website is unbiased, visitors will trust it and this will lead to an increase in visitors. It is easy to know whether a review is biased or not by the tone used in the review. A review should have both positive and negative features of a broker.

There are those brokers that have more positives than negatives, but still, a reviewer should be able to pass on the message without looking biased. There are affiliate relationships between some review sites and brokers. Such relationships often compromise the level of objectivity a review might have. However, these relations do not necessarily mean that a review site is biased. Many of the review sites which have relationships or agreements with FX brokers alert users of such arrangements.

This is normally done in writing in the terms and conditions and also by placing banners centrally in the reviews. In order to remain objective and also seem to be so by the user, a credible FX website will publish a review before any agreement with a broker can be reached. Such a review site will compare all tables, fees, and other features of different brokers before forming an alliance with any broker.

A review should have the relevant information that will help a trader make an informed decision. There are those features of a broker that a review should concentrate on and those that cannot help a trader make a trading or an investment decision. Still, a review should be comprehensive enough to help a potential trader not only know the basic features of a broker but also understand the culture of such a brokerage. Traders want to read a review which makes them understand what different brokers have to offer.

Forex broker reviews which are filled with jargon will prove unhelpful for the intended readers. A complicated review which makes it hard for a visitor to analyze what a broker has to offer is simply making things harder for the visitor. A review should present balanced information that captures the main features of a brokerage firm. It should be easy for a visitor to navigate a review website.

As the internet has proven, information that is poorly presented is as good as having no information at all. A website that has accurate and well-presented information about a broker will definitely attract thousands if not millions of visitors. If at the same time another website has the same information and a reader cannot understand the website or the content, then very few visitors will be attracted to it.

A good website should be designed to help a reader locate what they want with ease. The best way that forex broker ratings and reviews help users is if such information is presented in graphs, charts, and tables. Such tools not only help users to understand the data presented but also help them make quick analysis by themselves. It goes without saying that a review that offers only general information about brokers is not worth spending time on.

A review should be insightful enough such that every visitor is captivated by the well-researched information in it. By clearly defining and explaining the different concepts and features of an FX broker which are likely to be difficult to understand for the customers, the review website instantly puts itself at an edge over other sites. If an FX broker review explains the terms such as leverage, pips, hedging, spreads, and rollover, then the readers will have an easy time understanding the comparative data that such a reviewer presents to them.

The reader will also have an easy time determining what features a broker has which they will be more attentive to. But this can only happen if they understand what leverage is and how it works. A reviewer can help in this.

People will generally prefer Forex broker reviews that are more supported by user-generated content like a grading system or testimonials. If a person gives a testimony that they have used a certain platform and they go ahead and describe their experience, other visitors or traders will tend to base their final decision on what such a person said. It is for this reason that a negative review of a broker by a credible reviewer website will almost always tarnish the image of a broker. Finding the perfect FX broker takes time and some research.

There are hundreds of online brokerage firms competing for your account. To find a broker that offers fast execution of transactions, charges reasonable commissions, and presents a reliable trading platform are some of the things you must establish first. Many brokers offer extra services besides a trading platform.

But it all comes down to one thing; how does your broker handle your money? And below are some of the things that you should check out? Different Forex traders have different expectations when they enter the FX market. There are those who want to earn just some marginal profit and there are those that seek to make FX trading their career. A trader who has limited capital will gain a lot by fully understanding what leverage is and how it works.

By establishing your needs first, you will have an easy time finding the ideal FX broker. Moreover, you will enjoy analyzing FX broker reviews and ratings when you know exactly what you want. Forex brokers are registered all over the world. But there is a good reason why some FX brokers registered or from particular countries are more popular than others. It is advisable to check the license details of a broker and even confirm such details with the licensing bodies before committing your money.

Honest Forex broker reviews will do their research and will help traders establish whether a specific broker is licensed or not. This would entail you going through the Forex broker reviews list and then establishing what it is that you want from a broker. Good research will help you know the commission fees for the trading transactions.

You would also know the different brokers who offer Micro accounts and what are the advantages of such an account. Reading the reviews and doing some personal research on the brokers will also help you establish the best broker based on your geological location, capital available, the Forex bonus they enjoy and the support offered by them.

Just as there are different FX brokers out there, there are numerous reviewers too. Read several reviews on a broker in order to have a better understanding of that broker. By reading several reviews on a broker, you are increasing your chances of not only knowing the broker better but also weeding out biased FX brokers reviews.

Our forex broker reviews list only the most reputable and best online forex brokers. The choice of which forex broker to choose can be very confusing, especially for inexperienced traders. Our broker reviews focus on what really matters to traders; what is the minimum account size, what leverage is offered, what platform does the broker offer and much more. Forex brokerage is the one of the newest domains of the financial services industry. It offers many unexploited opportunities to enterprising traders, but naturally comes with a few unique problems of its own.

While analysis and forex strategies are crucial in the long run for achieving the great returns desired, the first task faced by a forex trader is finding the best personal choice among the forex brokers out there so that trading with a calm mind becomes possible, away from worries about the honesty and competence of the firm.

How do you find the best forex broker? Our number-one concern is of course the safety of our deposits, and the honesty of our broker. Fail at this first step, and the sad fact is that no amount of successes will prevent your budding career from turning into a miserable disappointment. Fortunately, the guidelines to be followed in seeking a safe broker are simple and straightforward. Is the firm regulated by government authorities? Second, does it implement state-of-the-art technologies for ensuring the safety of your personal information and account details from unauthorized access?

There is always a chance to win one day, but risks are too high. My profit on a demo account is pretty high, but i am not sure i will ever switch to a real one.. Sure I am still trying to examine these guys, but I would recommend this company to my friends! I am now reading these forex reviews and once beginning to realize that I selected a great company. I work with two accounts, both in ForexClub, prefer intraday trading but sometimes can do it under the long-term.

I've started working with Forex Club and never regretted it! The company is my favorite, it has been developing its reputation for years. Trading terms, in principle, don't stand out, you can find the same ones, the market is now oversaturated, but I haven't had any claims for the quality of service for more than 2 years, the flow of quotations is stable, no delays, no spikes, and I even heard that some 'cool' brokers steal quotes from the forex club server.

Withdrawal - a lot of payment systems, you can peak any of them, for the first time I screwed up with verification, but then the withdrawal was like clockwork. I've been working with the company since , gradually increasing my deposit. A large number of offices, a long working life of the company and excellent trading conditions played a greater role in choosing the company.

Also, I'd like to note the efficiency of support services. I'm happy with my choice. I can safely recommend this company to friends. Support is adequate and works around the clock. I came to its office and no one told me stories about how to add 10k and earn a million the next day. Excellent training center. I spent 1 hour there and learned a lot of new things, although I'm not a novice 4 years. Everything runs like a clock.

An excellent broker! Respect from me! I've been trading in the Forex Club for about a year now. I started with a minimum deposit. I believe that slow and steady wins the race. I think that in this kind of activity it is necessary to develop your skills independently and only have yourself to blame. Anyway, the company is good, spreads and execution are good enough for me.

Only the best reviews. Forex Club is a Russian broker, so it is no surprise that the company targets East European and Middle Asian countries. The other former Soviet Union countries are also among top customers — Ukraine ranks second, Belarus — fourth, and Kazakhstan — fifth. Montenegro ranks third, between Ukraine and Belarus. Forex Club offers attractive conditions for direct trading on the forex market, and for CFDs on indices, commodities and cryptocurrencies.

Overall, we established that Forex Club commissions on the Forex market as low or average. At the same time, the system of charging commissions is quite confusing, as different approaches are used on different types of accounts. It could be the spread, commission per trade or on traded volume, or their combination. For comparison, we used only the accounts with Market Execution, as we consider Instant Execution less reliable. We recalculated all spreads and commissions and established how much a trader will have to pay for a lot of , units of base currency.

You will thus be able to compare real trading conditions on each account of Forex Club on the Forex market. In the liquid major pairs, the Libertex trading plan on the corresponding platform seems the most attractive. However, for trading cross rates and exotic pairs, there can be different options.

MT-5 Market trading plan has the highest commissions and should be considered only for using all possibilities of the namesake platform for creating trade advisors. Payment for the rollover of the position for the following day swap on Forex Club Libertex account is quite loyal and suitable both for active traders and those who like to hold positions for over a week.

In case the swap is negative, a specified number of points will be written off the account if the position is transferred. In case the swap is positive, the funds will be accrued on the account. Long-term investors try to trade towards the positive swap. CFDs account for a large part of trading instruments on Forex Club. We estimated the general level of commissions on the available markets as low, although there can be certain nuances on some classes of assets.

We will review CFDs on stocks separately. Different approaches are used to charging commissions on different accounts. Forex Club commissions on the aforementioned classes of CFD are at the same level as competitors. As an example, we used the Libertex account, where the commission on CFDs on Apple is higher than on CFDs on IBM, while usually, the broker sets either one rate, or offers the best rates for the most liquid securities.

Due to this, Forex Club commissions on CFDs on some stocks can be considered high, while on others — some of the best in the market. It is not hard to see that the Libertex account offers the most beneficial conditions for trading CFDs on stocks. Forex Club is interesting to many customers thanks to its offers of passive income. There is no fixed commission on these products, although in each case, there is a minimum deposit. In particular, on the Libertex account, a trader will have to pay 0.

Alpari does not provide access to cryptocurrency trading. As we can see, Libertex compares favorably with Exness on the majority of positions, but it is still difficult to compete with Binance. Noteworthy, the customers of the exchange trade real cryptocurrencies, while with CFD brokers, the customers trade derivatives on the cost of cryptocurrencies. Non-trading commissions on Forex Club are average. In particular, the broker does not charge a deposit fee, and compensates payment system fees with bonuses.

Money payment systems. Unfortunately, there are some serious questions about the reliability of Forex Club. The broker is managed by Forex Club International Limited, a legal entity. Hundreds of brokers from all around the world, many of which are rather dubious projects, are registered here. Forex Club does not provide a scanned copy of the state registration certificate; the number of the license is also unknown. Forex Club offers negative balance protection. Stop Out is enabled, if the balance of your account is zero.

The broker is not a member of a deposit guarantee fund. Up until , the broker provided services based on the license for financial activity, issued by the Central Bank of Russia. There was also information about the license of the Cyprus regulator CySEC in open sources, but a check by the number showed that the document is now held by a different company.

To specify information about the license, we contacted Forex Club customer support. We were told that the license for financial activity is not required in Saint Vincent and the Grenadines, where the managing company is registered. Summing up the information that we gathered, we can conclude that Forex Club does not hold a license. This is a big drawback for the broker, as the organization cannot provide any guarantees of the legality of its operation, reliability and protection of customers.

In addition, the choice of currency pairs is quite good. There are CFDs on cryptocurrencies as well. In reality, the biggest drawback of Forex Club is absence of possibility to work with real assets. As a reminder, CFD is a marginal product with high risk of losses, which is why trading such contracts should be approached with caution. It is also advisable to observe the strict rules of risk management in this type of trading.

Market diversity on Forex Club is rather high compared to the competitors, primarily through availability of derivatives on ETFs and cryptocurrencies. The broker also offers a wide choice of trading instruments. By the number of available currency pairs, Forex Club compares favorably with its competitors, for example Exness and Alpari.

Forex market is well represented on Forex Club. Also, a large number of cross rates are available. In particular, the broker offers the following trading pairs:. The total number of cross pairs is 23, which is considered a good indicator. You will also find exotic pairs on Forex Club. The broker offers trading pairs with the following exotic currencies:.

The total number of currency pairs is 50, which is much more than many Russian competitors offer. The broker offers many trading instruments and they are diverse, providing the traders with freedom of choice. Cryptocurrencies and ETFs are an additional bonus for Forex Club customers, as the competitors do not offer these options. For example, the choice of CFDs on stocks definitely cannot be considered big — positions.

The list mainly includes the giants of the American, Russian markets and also EU countries. The total number of derivatives and cryptocurrency pairs is Their choice is not as wide as, for example, of cryptocurrencies, but the very fact of their availability is a definite advantage for the Russian broker. In particular, you can work with the derivatives on such ETFs as:. The total number of trading instruments of this type is The choice of this type of instrument can be considered average by the industry in general, but good compared to the other Russian brokers.

Forex Club provides access to six types of commodity assets. In particular, the following are available:. In particular, you can trade the following types of instruments here:. The number of Commodities on Forex Club exceeds many competitors. For example, Exness provides access to only 12 types of instruments.

The procedure for opening an account on Forex Club is simple. It is fully automated and takes no more than 5 minutes. The broker provides its customers a free demo account, using which a trader can test new strategies and learn to trade. Verification is not mandatory on Forex Club, but the broker may request documents, if there are doubts regarding your identity. The company also provides a large number of trading accounts.

However, Forex Club also has certain drawbacks. In particular, only three account base currencies are available here. There is no ECN account. There are no requirements for minimum deposit on Forex Club. You can start trading from USD 1. Many brokers do not have requirements for minimum deposit, including popular ones. Forex Club includes two companies — Russian and international one. The Russian branch provides access to trading only for the customers from Russia.

As for the international company, customers from Russia cannot work with it. Forex Club also does not provide services in the countries marked by FATF as jurisdictions with high level of risk and the states under sanctions. Verification is not mandatory on Forex Club. You can trade and perform financial transactions without confirming your identity. However, in some cases, the broker may request documents confirming your identity. In particular, you may be requested to provide the following types of documents:.

Forex Club does not offer the option of uploading documents directly. The broker may request them by contacting you via email. In this case, you will need to send photos or scanned copies directly via email. The company specifies that the verification requests can only be sent from email accounts with fxclub address. Forex Club offers its customers five types of accounts. 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.