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Do you want to know which is the better broker between RoboForex and Forex Club ?
In the table below, you can compare the features of RoboForex , Forex Club side by side to determine the best fit for your needs.
EURUSD:0.2
EURUSD:-1.8
EURUSD:14.39
XAUUSD:21.5
EURUSD: -9.6 ~ 1
XAUUSD: -29 ~ -3
EURUSD:1.3
--
EURUSD:7.53
--
EURUSD: -8.24 ~ 0
XAUUSD: -42.34 ~ 13.01
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of roboforex, forexclub lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Information | Details |
Company Name | RoboForex |
Registered Country/Region | Belize |
Founded in | 2009 |
Regulation | IFSC, CySEC, NBRB |
Tradable Instruments | Forex, Stocks, Indices, CFDs on Futures, Energies, Commodities, Cryptocurrencies, ETFS |
Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, WebTrader, R MobileTrader, R StocksTrader |
Minimum Deposit | $10 |
Maximum Leverage | 1:2000 |
Account Types | Prime, ECN, R StocksTrader, Procent, Pro and Demo Accounts |
Spreads | From 0 pips |
Commission | Depends on account type and instrument |
Deposit Methods | VISA, MasterCard, Bank Transfer, Skrill, Neteller |
Withdrawal Methods | Same as deposit methods |
Education | Webinars, video tutorials, trading strategies, eBooks, economic calendar |
Customer Support | 24/7 live chat, phone, email, social medias |
Additional Features | Copy Trading, VPS, Bonus Programs |
Bonus Program | Yes |
*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.
Roboforex, the trading name of Roboforex Cy Ltd, is a forex broker that has been around for over a decade and has made a name for itself in the industry. Founded in 2009, Roboforex is based in Belize, and then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, and introduced gold and CNY trading accounts. Roboforex offers a wide range of trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies, with over 10,000 instruments available for trading. In 2016, Roboforex started creating a proprietary investment platform with a professional analysis centre RAMM and released stock trading. In 2019, the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of R WebTrader and R MobileTrader, and won more than 20 awards in the financial industry.
One of the key features of Roboforex is its variety of account types. The broker offers several different account options, including Prime, ECN, R StocksTrader, Procent, Pro and Demo Accounts.
In addition to its diverse account types and trading instruments, Roboforex also offers several different trading platforms. The broker supports both the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform, R Trader and cTrader. These platforms are available for desktop, web, and mobile devices, ensuring that traders can access the markets wherever and whenever they want.
Roboforex also offers various educational resources, including webinars, video tutorials, and market analysis, to help traders improve their trading skills and knowledge. In terms of customer support, Roboforex provides 24/7 multilingual support via phone, email, live chat, and social media.
Roboforex is regulated by the International Financial Services Commission of Belize (IFSC) under license number IFSC/60/271/TS. This means that the broker is required to adhere to strict regulations and guidelines to ensure the safety of its clients' funds and the integrity of its operations. Additionally, Roboforex is a member of the Financial Commission, an independent organization that provides a neutral dispute resolution process for its members and their clients.
Another entity, RoboMarkets, LLC, is authorized and regulated by the National Bank of the Republic of Belarus under the license number of 15.
RoboForex Ltd. is authorized and regulated by the Financial Services Commission (FSC) under license number of IFSC/60/271/TS/17.
Some of the pros of trading with RoboForex include its low minimum deposit requirement, high leverage options, and multiple account types. The broker also provides a variety of trading platforms, including the popular MetaTrader 4 and 5 platforms, and has a useful selection of educational materials for beginners.
However, some of the cons of trading with RoboForex include its limited research tools, lack of transparency in pricing, and the potential for high trading fees. Customer support is not available 7/24 and sometimes, it is slow for them to answer clients' inquiries.
Pros | Cons |
Regulated by CYSEC, NBRB, FSC | Limited educational resources |
Wide range of trading instruments available | Limited research tools |
Low minimum deposit requirement | High commission fees for certain account types |
Generous leverage up to 1:2000 | Withdrawal fees for certain payment methods |
Multiple account types to suit different needs | Limited customer support hours for some regions |
Multilingual customer support offered | No 7/24 customer support |
Multiple user-friendly trading platforms to choose from | |
Free education materials and webinars available for traders | |
Bonus not applicable for some accounts |
RoboForex offers a diverse range of market instruments, including Forex, Stocks, Indices, CFDs on Futures, Energies, Commodities, Cryptocurrencies, and ETFS.
Forex - RoboForex offers trading in over 40 currency pairs, including majors, minors, and exotic pairs. They also offer access to the interbank market, which can provide better pricing and execution.
Stocks - RoboForex offers trading in a wide range of stocks from some of the world's biggest companies, including Apple, Google, Amazon, and Facebook. They also offer access to stocks from emerging markets, providing traders with opportunities for diversification.
Indices - RoboForex offers trading in a range of global indices, including the S&P 500, NASDAQ, FTSE 100, and DAX. This allows traders to gain exposure to the performance of a range of different markets.
CFDs on Futures - RoboForex offers trading in a range of futures contracts, including those based on commodities like gold, silver, and crude oil. This provides traders with opportunities to profit from movements in commodity prices.
Energies - RoboForex offers trading in energy markets, including crude oil, natural gas, and heating oil. This provides traders with opportunities to profit from changes in energy prices.
Commodities - RoboForex offers trading in a range of commodity markets, including gold, silver, and copper. This allows traders to gain exposure to the performance of different commodity markets.
Cryptocurrencies - RoboForex offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This provides traders with opportunities to profit from the volatility of these markets.
ETFs - RoboForex offers trading in a range of exchange-traded funds (ETFs), providing traders with opportunities to gain exposure to different markets and sectors.
Pros | Cons |
Wide range of trading instruments including forex, stocks, indices, commodities, cryptocurrencies, and more | Limited selection of individual stocks compared to some other brokers |
Commission-free trading on many instruments | Some CFDs have high overnight fees |
Leverage up to 1:2000 for major fx pairs | Limited availability of certain instruments in certain countries |
Access to trading platforms including MetaTrader 4 and 5, as well as cTrader, and its proprietary trading platform | Some trading instruments have wider spreads than other brokers |
Availability of Islamic accounts for clients who follow Sharia law | Trading cryptocurrencies involves high risk |
Options for copy trading and investing in PAMM accounts |
RoboForex understands that each trader is unique and has their own trading needs and preferences. That's why they have created a diverse range of trading accounts to cater to all types of traders.
Prime Account: The Prime Account, one of RoboForex's offerings, is an excellent choice for traders who are looking for low spreads and reasonable commission rates. To start trading, clients only need to deposit a mere $10 into their account. This account type provides traders with access to a maximum leverage of 1:300, which is a great advantage for those who want to make the most of their capital. With this account, traders can enjoy trading 28 currency pairs, precious metals, and CFDs on stocks and cryptocurrencies.
ECN account: RoboForex's ECN account is an exceptional choice for traders who are looking for a trading account with low spreads, high leverage, and a wide range of tradable instruments. With a modest minimum deposit requirement of only $10, traders can take advantage of the account's maximum leverage of 1:500. The ECN account offers an impressive 36 currency pairs, metals, and CFDs on stocks and cryptocurrencies to choose from.
R StocksTrader account: The R StocksTrader account is a lucrative option for traders who are looking to invest in a broad range of global stocks with a minimum deposit of $100. The account offers a generous maximum leverage of 1:500, which provides ample opportunity for traders to capitalize on their investments. The R StocksTrader account offers access to more than 12,000 stocks from around the world, including the major US and European exchanges, making it an excellent choice for traders who are looking to diversify their portfolio.
Procent account: The Procent account offered by RoboForex is a versatile and well-rounded option for traders of all levels, and particularly appealing to those who prefer a more conservative approach to trading. With a minimum deposit requirement of just $10, this account type offers accessibility to a wider range of traders. Moreover, the maximum leverage of 1:2000 allows traders to exercise greater control over their positions. The Procent account offers access to 36 currency pairs and metals.
Pro account: The Pro Account is a sought-after trading account offered by RoboForex. With a modest minimum deposit requirement of only $10, it provides traders with access to an impressive maximum leverage of 1:2000. This means that traders can take larger positions in the market. This trading account grants traders access to 36 currency pairs, including major, minor, and exotic pairs, as well as metals, CFDs on indices, stocks, and cryptocurrencies.
Opening an account with RoboForex is a straightforward process that can be completed in just a few steps.
First, clients need to visit the broker's website and click on the “Open an account” button located in the top right corner of the page.
From there, they will be redirected to a registration page where they can fill out their personal and financial information, including emails, name, mobile phone number and more.
After completing the registration form, clients will need to verify their identity by providing a copy of their government-issued ID and a recent utility bill as proof of address. This step is necessary to comply with international anti-money laundering and know-your-customer regulations.
Once the account has been verified, clients can fund their account through a variety of methods, including bank transfers, credit/debit cards, and electronic payment systems such as Skrill and Neteller. The minimum deposit for most account types is $10, although the R StocksTrader account requires a minimum deposit of $100.
After funding their account, clients can download the trading platform of their choice and start trading in the markets.
Leverage
The maximum leverage of 1:2000 available for the Pro Account and Procent account type is particularly noteworthy, offering experienced traders a chance to pursue even more profitable trades. The Prime and ECN accounts also offer high leverage, ranging from 1:300 to 1:500.
However, it's important to note that high leverage can magnify both profits and losses, so traders should use it carefully and with proper risk management strategies in place.
Here is a table displaying the maximum leverage offered by four popular brokers - RoboForex, FP Markets, IC Markets, and Exness, which can help traders evaluate their options based on their preferred leverage:
Broker Name | Maximum Leverage |
RoboForex | 1:2000 |
FP Markets | 1:500 |
IC Markets | 1:500 |
Exness | 1:2000 |
*It's important to note that leverage can vary by account type, instrument, and regulatory requirements.
RoboForex offers a variety of trading accounts that determine the spreads and commissions charged. For instance, the Procent and Pro accounts provide average spreads starting at 1.4 pips, whereas the ECN account offers an average spread from as low as 0.1 pips. On the other hand, the Prime account entails up to 10% commissions, while the ECN account provides up to 15% commissions. It's essential to note that the trading fees may vary based on the trading instruments used and market conditions. As such, it's advisable to check the spreads and commissions charged for each trading account before making any trading decisions.
The R stockstrader account stands out as a distinctive trading account option offered by RoboForex, which entails a unique commission structure for trading various instruments. For instance, trading US stocks under this account attracts a commission of 0.009 USD per share, while EU stocks command a commission of 0.025 USD per share. CFDs on US stocks are charged a commission of 0.02 USD per share, while for CFDs on EU stocks, the commission is 0.07%. As for trading currencies, a commission of 15 USD is applied for every 1 million base currency traded. The commission for trading indices is variable and subject to changes based on market conditions.
RoboForex also charges non-trading fees, which include fees for deposits and withdrawals, as well as account inactivity fees. Inactivity fees are also charged for accounts that have been inactive for more than 90 days, with a fee of $10 per month applied until the account becomes active again.
RoboForex charges overnight interest, also known as swap, on positions held overnight on certain instruments. The overnight interest rates for long and short positions vary depending on the instrument and the trading account type. The rates can be found on the trading platform or on the broker's website.
RoboForex provides a range of trading platforms to cater to different trading needs and preferences. The most popular trading platforms offered by RoboForex include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time.
MT4 is a widely used trading platform that offers advanced charting capabilities, automated trading features, and the ability to customize indicators and trading robots. MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools.
cTrader is a trading platform designed for ECN trading, with advanced charting tools and fast trade execution speeds. The platform is popular among traders who prefer a more streamlined trading experience.
In addition to these popular trading platforms, RoboForex also offers its own proprietary platforms, including R MobileTrader and R StocksTrader. R MobileTrader is a mobile trading platform that provides access to trading accounts, real-time market data, and order execution. R StocksTrader, as mentioned earlier, is a unique trading account that offers commission-based trading on US and EU stocks.
Lastly, for traders who prefer to trade directly from their web browser, RoboForex offers the WebTrader platform. This platform requires no download or installation and offers a simple, user-friendly interface for trading.
RoboForex offers an impressive range of bonus programs that cater to the needs of different types of traders. The 30 USD welcome bonus is a great incentive for new traders looking to test the waters of live trading. The classic bonus program offers up to 120% bonus on deposits, giving traders additional funds to trade with. The profit share bonus program allows traders to earn up to 60% of the profit generated by their referrals, making it an attractive option for traders who have a large network of contacts. The up to 10% on account balance program is another great way for traders to boost their account equity. The cashback rebate services offer traders the opportunity to earn cashback for each trade they make, reducing their trading costs.
RoboForex offers a variety of deposit and withdrawal options, including VISA, MasterCard, bank transfer, Skrill, Neteller, Perfect Money, AdvCash, VISA, MasterCard, QR & Vouchers, Western Union. Deposits can be made in USD, EUR, GBP, and CHF, and there are no deposit fees charged by the broker. Withdrawals can also be made in the same currencies and are processed within one business day. The processing time for bank transfers can take up to five business days. The minimum deposit amount varies depending on the account type, ranging from $10 for the Prime, ECN, Procent, and Pro accounts to $100 for the R StocksTrader account.
There are no deposit fees, but withdrawal fees may apply depending on the payment method used. For example, withdrawals through AstroPay are subject to a fee of 0.5%, and withdrawals through Skrill and Neteller are subject to a fee of 1% and 1.9%, respectively. Withdrawal fees through VISA, MasterCard/JCB/CUP are subject to a fee of up to 2.6 % +1.3 USD.
Pros | Cons |
Accepatble minimum deposit amount | |
Multiple deposit and withdrawal options available | Most withdrawal options may have fees |
Fast processing times for most deposit methods | Deposit and withdrawal processing times can vary |
No deposit fees for most methods | Some methods may not be available in certain regions |
User-friendly deposit and withdrawal interfaces |
Roboforexs customer support can be reached by telephone: +65 3158 8389 (English), +88 6277414290 (HK), +66 65 965 6091 (Thailand), email: info@roboforex.com, info@roboforex-cn.org. The online chat function is available 24/7, allowing clients to connect with a representative in real-time and receive assistance promptly. Additionally, the company's website has an extensive FAQ section, which provides answers to many common questions about trading accounts, deposit and withdrawal methods, trading platforms, and more.
Besides, clients can also follow up with this broker on some social media platforms, such as Facebook, Twitter, Instagram and Youtube.
Company address: 2118 Guava Street, Belama Phase 1, Belize City, Belize; 9724 Ramiro Duran Street, Belize City, Belize.
Pros | Cons |
24/7 customer support through phone and email | Customer support can be slow to respond sometimes |
Quick response time to customer inquiries | |
Knowledgeable and helpful customer support staff | |
Comprehensive FAQ section available on website | |
Online chat support available on the website |
RoboForex offers some educational resources to help traders improve their skills and knowledge, including a wide range of analytics, comprehensive educational materials, trading tools such as a trading calculator and financial charts, and much more. These resources are designed to help traders stay up-to-date with the latest market trends and make informed trading decisions, but it's important to note that additional independent research may be necessary for more advanced strategies.
To summarize, RoboForex is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements. The broker offers an extensive range of tradable instruments, competitive trading fees, and high leverage options. The user-friendly trading platforms come equipped with advanced trading tools, enabling traders to make informed trading decisions. The broker also offers excellent customer support, with multiple channels available for assistance.
While RoboForex presents an excellent trading opportunity, it is crucial to exercise caution while trading with leverage and implement proper risk management strategies.
Q: Is RoboForex a regulated broker?
A: Yes, RoboForex is regulated by several financial authorities, including FSC, CySEC and NBRB.
Q: What trading platforms does RoboForex offer?
A: RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, WebTrader, R MobileTrader, and R StocksTrader.
Q: What is the minimum deposit required to open an account with RoboForex?
A: The minimum deposit required varies depending on the account type, $10 to open most account types, and $100 to open the R Stockstrader account.
Q: What trading instruments can I trade with RoboForex?
A: RoboForex offers a range of trading instruments, including forex, stocks, indices, commodities, Futures, ETFs, cryptocurrencies, and more.
Q: Does RoboForex offer any bonuses or promotions?
A: Yes, RoboForex offers various bonuses and promotions to its clients, such as a welcome bonus, deposit bonus, and cashback.
Q: Does RoboForex offer any educational resources for traders?
A: Yes, RoboForex provides a range of educational resources, including trading tools, financial news and analysis, webinars, and a demo account for practice trading.
Aspect | Information |
Registered Country/Area | Saint Vincent and the Grenadines |
Founded Year | Not specified |
Company Name | Forex Club |
Regulation | NBRB |
Minimum Deposit | $10 |
Spreads | Starting from 0 pips |
Trading Platforms | Forex Club Terminal, MetaTrader4, MetaTrader5 |
Tradable Assets | Stock, foreign exchange, precious metals, indices, agricultural products, crude oil, natural gas, ETFs, cryptocurrencies, and more |
Account Types | Not specified |
Demo Account | Available |
Customer Support | Limited to email support |
Payment Methods | Bank transfers, VISA, JCB, Alipay, WeChat Pay, Skrill |
Educational Tools | live online, Training Courses, and Daily Faculty Information |
Forex Club is a regulated online forex broker based in Saint Vincent and the Grenadines. The company is licensed and regulated by the National Bank of the Republic of Belarus (NBRB), providing a level of credibility and trustworthiness. Forex Club offers a diverse range of market instruments, including forex, commodities, indices, and cryptocurrencies, and has a low minimum deposit requirement of $10. The broker supports multiple trading platforms, including their proprietary Forex Club Terminal, MetaTrader4, and MetaTrader5. They also offer a demo account for traders to practice and familiarize themselves with the platform. However, Forex Club has some disadvantages, such as limited customer support only through email, a lack of comprehensive educational resources, and a lack of information on specific account types. Overall, while Forex Club provides decent offerings, there are more comprehensive options available in the market.
Forex Club is a regulated online forex broker operating in Belarus. The company is licensed and regulated by the National Bank of the Republic of Belarus (NBRB). Its license number is 192580558. The NBRB is the regulatory agency responsible for overseeing financial institutions and ensuring compliance with regulations in Belarus. As a regulated broker, Forex Club is required to adhere to strict guidelines and standards set by the NBRB to provide a safe and secure trading environment for its clients. Traders can have confidence in the integrity and reliability of Forex Club's operations, knowing that the broker operates under the supervision of a reputable regulatory authority.
Pros and Cons
Forex Club has a diverse range of market instruments, providing traders with multiple options to choose from. Additionally, the broker offers a selection of trading platforms, giving users the flexibility to trade on their preferred interface. One advantage is that Forex Club operates under the regulation of NBRB, which ensures a level of trust and security for traders. Moreover, the low minimum deposit requirement of $10 makes it accessible for individuals with smaller capital to enter the market. To assist traders in honing their skills, Forex Club provides a demo account where they can practice and familiarize themselves with the platform. On a positive note, Forex Club offers commission-free investments in real stocks, allowing traders to save on trading fees. Additionally, the broker supports various deposit methods, providing convenience and flexibility for clients to fund their trading accounts.
However, it is important to note some drawbacks. Customer support is limited to email, which may cause delays in resolving issues and addressing concerns. Moreover, the educational resources provided by Forex Club are relatively limited, which may be a disadvantage for traders seeking in-depth learning materials and educational tools. Another drawback is the lack of information on specific account types, which may leave traders uncertain about the options available to them.
Pros | Cons |
Diverse range of Market Instruments | Customer support is limited to email |
Regulated by NBRB | Limited educational resources |
A low minimum deposit of $10 | Lack of information of account types |
Demo Account available | |
Offers commission-free investments in real stocks | |
Multiple Trading Platforms | |
Various deposit methods |
Forex Club provides you with the most popular trading products on the market, including Stock, foreign exchange, precious metal, index, agricultural products, Crude oil and natural gas, and ETF Online Trading.
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
Forex Club has a minimum deposit requirement of only $10. This minimum deposit amount was equivalent to ZAR 160 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing. Forex Club allows traders to fund their accounts via several different methods.
Forex Club offers demo accounts with €50,000 in virtual money, accessible through web and mobile apps. When registering for a demo account, users also sign up for a real account, but they need to make a deposit to access it. Switching between demo mode and real mode on the Forex Club website or app is simple, enabling users to capitalize on quickly changing market conditions.
To open an account with Forex Club, please follow these steps:
1. Visit the official website of Forex Club, which is https://fc-official.com/.
2. On the homepage, locate and click on the “Open an Account” or “Register” button. This will typically be displayed prominently on the website.
3. You will be redirected to the account registration page. Here, you will need to provide your personal information, such as your full name, email address, phone number, and country of residence. Ensure that all the information you provide is accurate and up to date.
4. Next, you will be prompted to choose the type of trading account you wish to open. Forex Club may offer different account types.
5. Once you have chosen your account type, you will need to agree to the terms and conditions of Forex Club.
6. Once your account has been successfully registered and verified, you will receive login credentials, including a username and password.
7. Log in to your Forex Club account using the provided credentials.
8. After logging in and setting up the trading platform, you can fund your account by choosing from the available payment methods provided by Forex Club.
Forex Club offers competitive spreads starting from 0 pips. Instead of charging spreads, the broker has opted to charge commissions on trades. Traders should carefully review the terms and conditions to understand the commission percentages and factors that may influence these changes.
Joining Forex Club is free, and there are no monthly trading fees. The only fees associated with trading are the commissions mentioned earlier. However, it's important to note that when trading financial instruments like forex, there may be additional charges such as overnight fees or swap fees when positions are held for longer than one trading day. Traders should be aware of these potential fees and factor them into their trading strategy.
Forex Club offers three trading platforms, its proprietary Forex Club terminal, as well as popular and well-known trading platforms on the market, including Meta Trader 4 and Meta Trader 5.
Forex Club terminal can easily invest and make money anywhere in the world, and quickly withdraw profits online.
Meta Trader 4 is considered the most popular trading platform in the world. Whether you are an experienced trader or want to maximize your trading profits, this platform is the best platform for you to trade.
Meta Trader 5 is the latest version of the most popular forex trading software. In the new version of the MT5 terminal, in addition to traditional foreign exchange currency pair transactions, you can also trade stocks, indices, crude oil & natural gas, agricultural products, digital cryptocurrencies, ETFs, and metals.
Forex Club offers traders various deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. Most deposit methods are processed instantly except for bank transfers that can take several hours on occasion. Traders must ensure that they verify whether their financial institution charges its own fees. Deposit into/Withdrawal from the Forex Club can be done in the following ways: Bank transfers, VISA, JCB, Alipay, Wechat pay, or Skrill.
The team at Forex Club strives tirelessly to ensure that traders have access to all the necessary information to effectively navigate and utilize their platform, thus maximizing their benefits. In the event that traders encounter any queries or concerns, they can always reach out to the dedicated customer support team. Simply send an email to support-china@fxclub.org, and rest assured that a response will be provided within one working day. It is important to note, however, that the customer support services offered by Forex Club are solely limited to email correspondence.
Forex Club provides a range of educational resources, including three types: live online sessions, training courses, and daily faculty information. These resources are designed to offer valuable insights and knowledge to traders. The training courses are developed and regularly updated to align with the current market realities, ensuring that traders receive the most relevant information. The Investment Academy's faculty and experts actively share their experiences and expertise through these courses, providing valuable guidance to traders.
Forex Club is a regulated forex broker based in Saint Vincent and the Grenadines. It is licensed and regulated by the National Bank of the Republic of Belarus (NBRB). It offers a diverse range of market instruments, including forex, commodities, indices, and cryptocurrencies, with a low minimum deposit requirement of $10. It supports multiple trading platforms, and provides a demo account for practice. However, Forex Club has limited customer support through email, lacks comprehensive educational resources, and provides little information on specific account types. The in-house trading platform may not match the standards of some competitors.
Q: Is Forex Club a legitimate broker or a scam?
A: Forex Club is a regulated online forex broker authorized by the National Bank of the Republic of Belarus (NBRB).
Q: What is the minimum deposit requirement for Forex Club?
A: Forex Club has a minimum deposit requirement of only $10.
Q: Does Forex Club provide a demo account?
A: Yes, Forex Club offers demo accounts with €50,000 in virtual money.
Q: What trading platforms does Forex Club offer?
A: Forex Club provides three trading platforms: their proprietary Forex Club terminal, MetaTrader4 (MT4), and MetaTrader5 (MT5).
Q: What are the deposit and withdrawal methods available at Forex Club?
A: Forex Club offers various deposit methods, including bank transfers, VISA, JCB, Alipay, Wechat pay, and Skrill.
Q: How can I contact customer support at Forex Club?
A: Forex Club offers customer support via email: support-china@fxclub.org.
Q: Is this broker well regulated?
A: Yes, it is currently effectively regulated by NBRB.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive roboforex and forexclub are, we first considered common fees for standard accounts. On roboforex, the average spread for the EUR/USD currency pair is Floating from 1.3 pips pips, while on forexclub the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
roboforex is regulated by CYSEC,NBRB,FCA,FSC. forexclub is regulated by NBRB.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
roboforex provides trading platform including Pro,Prime,ECN,ProCent,R StocksTrader and trading variety including 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies. forexclub provides trading platform including -- and trading variety including --.