FX Club on warning list ? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Comprehensive list of results list of MT4 EAs and indicators 0 replies

Help Me Establish The GbpUsd After Dinner Club 40 replies

FX Club on warning list ?

  • #1
  • First Post: Jan 11, 2008 10:32pm Jan 11, 2008 10:32pm
Fellow Traders:

I am concerned that the account that I just opened and FUNDED with FXClub is not safe, or may not be available when I say. I Opened this account because the FX Club is a Sponsor on this ForexFacory site. See add in top right corner of home page, ie: $100 ...
I read only a few miunutes ago the below article posted and Forex Club Financial may be on the list of Broker Dealers that are not financially sound enough to meet new requirements. See story Below...

Please advise ?
Is this the same company ? I am considering ( trying ) to close the account at the first Possible opportunity.


NFA announces forex dealers going out of business!
by Ryan Teeples

Wow! The NFA has just announced that four of its Forex Dealer Members (FDMs) will cease operations because of the new capital requirement that started December 21.

The NFA has yet to report which institutions are closing their doors, but this is certain to send some ripples through the market grapevine next week.

Now don't get all alarmed yet, but if you're with a dealer that was on the list we posted about earlier (http://www.pfxglobal.com/index.php?o...459&Itemid=116), you might want to give them a call and do some due dilligence.
  • #2
  • Jan 12, 2008 1:25am Jan 12, 2008 1:25am
And WHY would you open an account with FXclub to begin with???????

Here maybe this will help you feel better.........
http://www.forexfactory.com/showpost...49&postcount=8


.
Same Whore .... Different Dress
  • #3
  • Jan 12, 2008 6:57pm Jan 12, 2008 6:57pm
Quoting Grandpa Mike
Fellow Traders:

I am concerned that the account that I just opened and FUNDED with FXClub is not safe, or may not be available when I say. I Opened this account because the FX Club is a Sponsor on this ForexFacory site.
i doubt you will have problems with fxclub, in the latest report they look like they are going to meet the nfa requirement. and btw, forex factory is very selective in who advertises on the site, all of the advertisers are decent sized brokers. anything can happen so this is no warranty, just wanted to mention it since you said you saw fxclub on FF
Relax and be happy.
  • #4
  • Jan 14, 2008 7:43am Jan 14, 2008 7:43am
Now does that mean that they will close down cause of the new report ?
  • #5
  • May 13, 2008 8:51am May 13, 2008 8:51am
i was testing fxclub and the paltform to deposit more money but i very glad to tell you that

1 - i have to wait 3 days to get my deposit
2- the paltform is suck and very poor
3- the live chat is very slow to respond
4 - i have to fill a big application when i try to send funds every time
5- i have to unistall my paltform every day just to close or open a deal6- its very slow in makes deals
  • #6
  • May 13, 2008 8:56am May 13, 2008 8:56am
Quoting wilsonhwt
i was testing fxclub and the paltform to deposit more money but i very glad to tell you that

1 - i have to wait 3 days to get my deposit
2- the paltform is suck and very poor
3- the live chat is very slow to respond
4 - i have to fill a big application when i try to send funds every time
5- i have to unistall my paltform every day just to close or open a deal6- its very slow in makes deals
Hmm... I refuse to believe that a company could operate with a platform that required being uninstalled and reinstalled daily so... have you taken a look at your own machine?
The basis of a democratic state is liberty. ~ Aristotle
  • #7
  • May 14, 2008 5:25am May 14, 2008 5:25am
i ask them on live chat many times

what is the worng with my platform

they did not find out where is the problem and they just told me to uninstall and reinstall .
  • #8
  • May 14, 2008 3:24pm May 14, 2008 3:24pm
Quoting merlin
i doubt you will have problems with fxclub, in the latest report they look like they are going to meet the nfa requirement. and btw, forex factory is very selective in who advertises on the site, all of the advertisers are decent sized brokers. anything can happen so this is no warranty, just wanted to mention it since you said you saw fxclub on FF
The latest report shows that they have 8 million in net cap.http://cftc.gov/stellent/groups/publ...cmdata0308.pdf
  • #9
  • May 14, 2008 3:27pm May 14, 2008 3:27pm
Quoting wilsonhwt
i ask them on live chat many times

what is the worng with my platform

they did not find out where is the problem and they just told me to uninstall and reinstall .
Hi wilsonhwt,You better check you machine. I've been using their zero-spead platform expressFX for more then 8 weeks with no problems...
  • #10
  • Last Post: May 14, 2008 4:00pm May 14, 2008 4:00pm
Quoting wilsonhwt
i ask them on live chat many times

what is the worng with my platform

they did not find out where is the problem and they just told me to uninstall and reinstall .

That was my point, I believe the problem is in your computer if you are the only or a small minority of people having this problem on their platform. I would try it on another machine. It would be difficult to run a company on a platform someone had to reinstall every time they loaded it.
The basis of a democratic state is liberty. ~ Aristotle
0 traders viewing now