FxClub Forex Broker Review
If you’re a new forex trader, you’re going to need some help to get started and get trading profitably. Luckily, FxClub has your back. The FxClub forex broker offers a great platform for beginners to help them get started, but also has the powerful tools that expert traders need to turn a profit. They offer four different platforms to trade on that can do anything from guiding novices through a demo forex account to putting the powerful charts and tools that expert traders need at their disposal for more complicated trading strategies.
The FxClub forex broker is based in the heart of New York City’s financial district on Wall Street. Out of all the forex broker reviews on this site, they are one of the few that are regulated primarily by United States, under the jurisdiction of the Commodity Futures Trading Commission. They also have a membership in the National Futures Association. Since its founding in 2005, FxClub has had clients in over fifty different countries and adds about one thousand new accounts each day. It is one of the longest running and strongest forex trading brokers on the market today.
The ExpressFX Platform
What makes the FxClub forex broker so attractive to beginning traders is the ExpressFX platform. The platform is very intuitive and even beginning traders can be up and running in minutes, either with a $10,000 demo forex account or a real money account that only requires a deposit of $200. The platform itself provides the traders using it with step by step instructions on how to setup each trade and properly execute it.
Not only is the platform easy to use, it also offers you zero spreads. This makes trading easier for novices to understand and makes finding winning trades easier. It also lets you trade easier around news and in turbulent markets, when the other brokers in many of our forex broker reviews greatly increase their pip spreads, making trading these times less profitable. Instead of trading with a spread, you will pay a fixed commission per trade, currently set at $.04 per $1000 traded. Best of all, if you have a losing trade, the commission charged will be instantly refunded to your account. You only pay a commission on winning trades.
Spread Based Platforms
If you’re not a beginner and would prefer to trade on more powerful platforms, the FxClub forex broker also offers three different platforms to trade on. Their flagship platform is called ActTrader. With ActTrader, you get lightning fast trades with some of the lowest pip spreads in the industry. Spreads between major currency pairs can be as low as 0.6 pips. You also get access to Autochartist and visual and one click trading. And for those of you on the go, you can download ActTrader for your iPhone, iPad, Droid, or other mobile devices.
If you prefer automated trading, the FxClub forex broker offers you the MirrorTrader platform. MirrorTrader gives you access to hundreds of strategies from advanced traders that you can review, filter, and apply to fit your trading style. Within the platform you can trade automatically or manually to let you get the leg up you need on other traders.
For the diehard chartist, the FxClub forex broker also offers you the Remus platform. With Remus you get a customizable interface with audible alerts, streaming news, over fifty indicators and oscillators, and the ability to quickly and easily analyze trends ranging from a few minutes to up to a year.
FxClub also offers the same great support for the popular and powerful MetaTrader4 platform you’ve come to expect from forex trading brokers.
With FxClub, you can trade up to twenty-two different currency pairs at up to 50:1 leverage. Minimum deposit for all the platforms is between $200 and $250. For beginners there is a large educational library that you have access to along with customer support that is there for your 24 hours a day. For users in other countries, FxClub also offers its services in 23 different languages.
FxClub is a great option for a forex trading broker for anyone from beginners to advanced traders. The different platforms that you get access to, along with charting tools, some of the lowest spreads in the industry, and great customer support make it one of the best forex trading brokers in the market.