Thinking of ForexClub? “Must-Read” Pros & Cons of the Service

September 14, 2016

You should read this before start trading with ForexClub.

Thinking of ForexClub? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

ForexClub has been active for almost 20 years, has got almost the longest history in Forex industry.

You can use 4 different trading platforms such as MetaTrader4, Rumus, LiberteX and StartFX, by signing up with ForexClub.

Not just Forex and CFDs, but also Cryptocurrency is available for trading.

You can earn 12% of annual margin by just having your funds with ForexClub.

Cons

ForexClub is a regulated broker in St. Vincent & the Grenadines, an island in Caribbean.

No segregated accounts are offered, for clients’ funds.

The maximum leverage is only 1:200, which is two times smaller than the average.

As the broker is mainly managed by Russian team, most of the Terms and Conditions are written in Russian.

ForexClub has Dealing Desk, and some trading methods are not allowed on their platforms, including use of EAs and Hedging.

Is ForexClub suited for you?

ForexClub, a Forex broker with about 20 years of experience. The broker has got great experience along with 4 trading platforms and over 130 financial instruments.

Although their trading conditions are not so attractive, their main advantage is that:

You can try out trading tools which you can’t with other brokers, and trade rare financial instruments

Trading Platforms such as Rumus, LiberteX and StartFX, and trading of Cryptocurrency are not so usual things you see with other brokers.

ForexClub is a good broker for traders to try out something new, but many traders might find the trading condition “not reasonable or convenient”.

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