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Forex Master Trillionaires Club 115 replies

Forex Club Experience? Any One? 2 replies

Forex Club

  • #21
  • Jan 12, 2009 6:08am Jan 12, 2009 6:08am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting fxtrader42
haha, nice return ace... but you're the one over paying, if you really made money you would know that.
exactly
  • #22
  • Jan 12, 2009 6:48am Jan 12, 2009 6:48am
Quoting onu
exactly
What is your spread on gu funny guy?
Patience + Discipline - Greed = Success
  • #23
  • Jan 13, 2009 12:52pm Jan 13, 2009 12:52pm
Quoting Infinity
As I said bro, they are not the best broker around when it comes to manual execution but I make a lot of money with them so I can't complain....

I cannot call it slippage because manually closing does not involve stop or limit ORDERS...... you have 4 seconds to make up your mind when you request a quote manually.... If you don't like the price, you don't take it. I have never placed an order with them that was not filled at the price that I initially set....ever. To me that is credible.

That's just how they are. All brokers have pros...
They are getting worse by the day... They were my smallest broker but I no longer trade with them. The manual execution can take up to 2-3 minutes now... lol. I have been with them for a while and did not have any major problems but the camel's back is broken.
Patience + Discipline - Greed = Success
  • #24
  • Jan 13, 2009 9:31pm Jan 13, 2009 9:31pm
Nothing like that pal. My quote waiting time is 8 seconds. You better cotact their techics.
  • #25
  • Jan 13, 2009 9:51pm Jan 13, 2009 9:51pm
Quoting lavatrader
Nothing like that pal. My quote waiting time is 8 seconds. You better cotact their techics.
Anything over 2 or 3 standard lots is crazy. I only stuck with them because I got very good service from them when I was trading very small mini lots but I noticed a very big change when my account got over 20k. They were my only fixed spread broker. I wish you luck bro but I am done with them.

Btw. With my other brokers, execution is instaneous, no waiting..... and with much bigger standard lots than I trade with fxclub too. I made good money with fxclub but I have had enough of their substandard quoting and execution.
Patience + Discipline - Greed = Success
  • #26
  • Jan 14, 2009 7:58am Jan 14, 2009 7:58am
Quoting Infinity
Anything over 2 or 3 standard lots is crazy. I only stuck with them because I got very good service from them when I was trading very small mini lots but I noticed a very big change when my account got over 20k. They were my only fixed spread broker. I wish you luck bro but I am done with them.

Btw. With my other brokers, execution is instaneous, no waiting..... and with much bigger standard lots than I trade with fxclub too. I made good money with fxclub but I have had enough of their substandard quoting and execution.
I got you pal!
  • #27
  • Jan 16, 2009 1:29pm Jan 16, 2009 1:29pm
So, how are is your other broker treating you Infinity?
  • #28
  • Jan 16, 2009 3:27pm Jan 16, 2009 3:27pm
Quoting ForexClub
So, how are is your other broker treating you Infinity?
I don't have any major problems with my other brokers.. They are not perfect but much, much better than forex club where execution and quoting is concerned.

If you guys sort out your execution/quoting, I will be back without hesitation.
Patience + Discipline - Greed = Success
  • #29
  • Jan 16, 2009 3:30pm Jan 16, 2009 3:30pm
Quoting Infinity
I don't have any major problems with my other brokers.. They are not perfect but much, much better than forex club where execution and quoting is concerned.

If you guys sort out your execution/quoting, I will be back without hesitation.
We look forward to seeing you again soon because we will be unveiling our instant execution product in a near future. Why not get the best of the two worlds, right?
  • #30
  • Jan 16, 2009 3:32pm Jan 16, 2009 3:32pm
Quoting ForexClub
We look forward to seeing you again soon because we will be unveiling our instant execution product in a near future. Why not get the best of the two worlds, right?
Looking forward to it! As I stated before, I have nothing else bad to say about forex club.... the execution is the problem.
Patience + Discipline - Greed = Success
  • #31
  • Edited 4:21pm Jan 16, 2009 4:02pm | Edited 4:21pm
Quoting Infinity
Anything over 2 or 3 standard lots is crazy. I only stuck with them because I got very good service from them when I was trading very small mini lots but I noticed a very big change when my account got over 20k. They were my only fixed spread broker. I wish you luck bro but I am done with them.

Btw. With my other brokers, execution is instaneous, no waiting..... and with much bigger standard lots than I trade with fxclub too. I made good money with fxclub but I have had enough of their substandard quoting and execution.
I hear ya,
I've never let my account get that large. I usually withdraw weekly profits or monthly profits and place my money in a security or savings such as Vanguard Mutual Funds, money market accounts, cd, ira etc...

You're not the first person I've heard say that. I've heard of traders making 20k, 50k, 100k, even 200k off their broker and later the broker's service goes down drain, pricing mixups, data feed problems ... etc

It funny I found this thread, just a day or so ago, I posted a thread asking for info on ECN's and Futures. Not a lot of responses. Was looking to go with Interactive Brokers or HotSpoti. I figured I'll open an account with 10k and see how things go. I've come to realize, to trade professionally, most big/safe brokers require a Prime Brokerage account with at least 100K, and to be honest, I got the impression that 100k was to small for them to deal with. Long story short ... Im in talks with Goldman Sacs and UBS at the moment concerning Prime Brokerage services. Still keeping my options open though.

It just seems that, if a trader is hold between 10k and 100k, there aren't many good broker options available.
  • #32
  • Jan 16, 2009 11:21pm Jan 16, 2009 11:21pm
Ive seen plenty of threads here about brokers screwing clients over. Locking them out when they have a trade on, ridiculous fills, etc. I remember when I was a noob one retail broker wouldnt let me get out of a trade. the pair was moving like 5-6 pips a second, and they'd give me requotes. "Price has moved. Would you like this price" messages over and over again, and i'd finally get filled 20 pips away. And they were all market orders. So, if it isn't STP, I won't open an account. This is the way I look at pricing. I will be in the negative 99.999999% of the time when I open a trade. So, I consider the spread as the market moving away from my trade. My S/L is 30-70 pips wide, so add 2-4 pips to that. No big deal. When my account grows big, I don't scalp, so as long as the spread isn't ridiculously wide, it doesn't really matter. I usually get 1 pip on E/U, U/J, and about 2 pips on G/U.
  • #33
  • Jan 21, 2009 1:27pm Jan 21, 2009 1:27pm
Quoting qweabc
Ive seen plenty of threads here about brokers screwing clients over. Locking them out when they have a trade on, ridiculous fills, etc. I remember when I was a noob one retail broker wouldnt let me get out of a trade. the pair was moving like 5-6 pips a second, and they'd give me requotes. "Price has moved. Would you like this price" messages over and over again, and i'd finally get filled 20 pips away. And they were all market orders. So, if it isn't STP, I won't open an account. This is the way I look at pricing. I will be in the negative 99.999999%...
Fxclub does no slippage at all on all stops and limits They also have RFQ market orders execution. If you really wish to avoid all those problems that you have mentioned above, you should chose fxclub.

All the best!
  • #34
  • Jan 27, 2009 4:58am Jan 27, 2009 4:58am
Quoting lavatrader
Fxclub does no slippage at all on all stops and limits They also have RFQ market orders execution. If you really wish to avoid all those problems that you have mentioned above, you should chose fxclub.

All the best!
Thank you for pointing this out lavatrader.
  • #35
  • Jan 27, 2009 9:44pm Jan 27, 2009 9:44pm
Hi, does forexclub have MT4 platform?
I'm just moving clouds today - tomorrow I'll try mountains.
  • #36
  • Jan 28, 2009 8:26am Jan 28, 2009 8:26am
Quoting awsl
Hi, does forexclub have MT4 platform?
nope.. they have Rumus, R-mobile, R-WEB and ExpressFX
  • #37
  • Jun 1, 2009 12:11pm Jun 1, 2009 12:11pm
Quoting jzh
Have anyone traded live with them? Please feel free to leave your good and bad comment about them. I intend to trade live with them, as they do not charge on withdraw and deposit and is a regulated broker.

I have one question, as they do not have the NFA minimum requirement of 5 millions, is it ok to trade with them?

Regards,
Zhenhui

Well, I'm a year late with this post, but I have traded with Forex Club and I'm very content with their platforms, customer service and trading terms. Their educational content taught me how to trade and I have had some great experiences with them, which is why I'm devoted to stay with them.

For me, one of the best reasons to trade with FXClub is their zero spread/fixed commission policy. It's very advantageous if you consider trading high cost pairs, since you're paying less per trade and have a chance to get your commission refunded to you if your trade doesn't go over as well as you'd like it to.
  • #38
  • Jun 9, 2009 10:34am Jun 9, 2009 10:34am
Yes i like their 40cents/1000$ trade comission.

But the problem is that most times it`s 30 sec or more to get quotes... and if the market moves fast you could have a winner turn into a loser....

It happens at least once every 2 days for me to have a good trade(12-15 pips profit) turn into a minor loss before i get a price so i can close the trade...

And also you should know that on their ExpressFX platform you can only set a stop loss on negative... no BE or +pips.

Other than that... i like them. Their support is nice, they always respect your SL(i never had 1 pip slippage). And so on...

Just go and try a demo.... you will see how their platform works... just multiply the time it takes for you to get a quote by 3-6 times.(it`s slower on real account)

Good luck!
  • #39
  • Edited 10:41am Sep 30, 2009 10:24am | Edited 10:41am
This is my first post in Forex Factory. I recently found out about forex trading and Forex Club during their grand opening in downtown NYC's Chinatown. The management at the office is extremely helpful and friendly. I like their .40 per trade with commission refund policy and so far I really enjoyed practice trading on the ExpressFX platform.

I'm hooked on forex now. I'll be traveling around NYC looking for more forex seminars and welcome anyone's suggestions!
  • #40
  • Oct 21, 2009 12:56am Oct 21, 2009 12:56am
Quoting Paladin1386
This is my first post in Forex Factory. I recently found out about forex trading and Forex Club during their grand opening in downtown NYC's Chinatown. The management at the office is extremely helpful and friendly. I like their .40 per trade with commission refund policy and so far I really enjoyed practice trading on the ExpressFX platform.

I'm hooked on forex now. I'll be traveling around NYC looking for more forex seminars and welcome anyone's suggestions!
please stay out of it ... you will loose your first account and MORE!!!!

people do you know what you are talking about ? 40 cent for $1K
means $40 for $100K which is in other words 4 PIP SPREAD

so if you win 70% of the time (the customer they don't want)
you LOOSE with them on the spread ...

yes, they will forgive you the spread once you pay them your lost trade LOL
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