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FXclub

  • #1
  • First Post: Feb 14, 2011 6:49am Feb 14, 2011 6:49am
Hello, guys! A friend of my lives in Russia, and and asked me about FXClub broker. As he informed me. This broker has strong positions on Russian market. They claim very good results on their homepage. Who tried them?

I personally don't like them, but maybe I'm wrong.

If you know anything, please, share.
  • #2
  • Jun 3, 2011 10:46am Jun 3, 2011 10:46am
I too am trying to find out about them. I think its tarded how you can't post threads being green in this forum but ohwell...

I opened a demo account with FX Renew, which goes through them, and I have been killing it. I just noticed today that when I tried exiting a trade 4 times, I got negative trades counted against my account even though the position was kept open. I still netted almost 10k in pips but I am pissed about the $300 that showed up in negative trades when I only had one position open.
I emailed them today about it. I can't find any reviews about this company except one website.
  • #3
  • Jun 4, 2011 10:44am Jun 4, 2011 10:44am
I havn't heard great things about fxclub too be honest, mind you online reviews aren't always that accurate..
  • #4
  • Jun 4, 2011 11:29am Jun 4, 2011 11:29am
Quoting LocoGuy
Hello, guys! A friend of my lives in Russia, and and asked me about FXClub broker. As he informed me. This broker has strong positions on Russian market. They claim very good results on their homepage. Who tried them?

I personally don't like them, but maybe I'm wrong.

If you know anything, please, share.
I don't trust russian br0kers as they are not regulated & manage to scam everybody with their self claimed auto regulation! So many bad stories about russians br0kers & they offer too much bonus to make only money from their spread.

For me a bad choice. Only pick broker accepting FSA/NFA or ASIC regulations. Those who escape that are targetting their customers money.

My13 cents
13
Brokers are angels
  • #5
  • Jun 4, 2011 7:23pm Jun 4, 2011 7:23pm
Quoting EmptyEterniT
I still netted almost 10k in pips but I am pissed about the $300 that showed up in negative trades when I only had one position open.
Wait, what?

  • #6
  • Jun 4, 2011 8:09pm Jun 4, 2011 8:09pm
Quoting fx13
I don't trust russian br0kers as they are not regulated & manage to scam everybody with their self claimed auto regulation!
This.

If it's Russian, you better be careful. (Unfortunately for all honest individual Russian traders) Russian-based brökers have the worst reputation in the industry.
  • #7
  • Jun 5, 2011 10:28am Jun 5, 2011 10:28am
Quoting Astroman
Wait, what?


Sorry, I caught that, 10k worth of pips...it was the demo account;-)

Update, I heard nothing from them about the mobile trading, nor from my rep about the negative trades of the one position.

I pulled my money out..
  • #8
  • Jun 7, 2011 11:38am Jun 7, 2011 11:38am
Forex Club is an FCM and NFA member since Jan of 2006.

And Forex Club trade mark is a biggest retail FX Provider for Russia and CIS.

Best
  • #9
  • Edited 1:28pm Jun 7, 2011 1:09pm | Edited 1:28pm
Quoting lavatrader
Forex Club is an FCM and NFA member since Jan of 2006.

And Forex Club trade mark is a biggest retail FX Provider for Russia and CIS.

and the worst in term of profitability :

http://forexmagnates.com/us-forex-br...t-for-q1-2011/

Q1 2010 : 5867 accounts
Q1 2011 : 2034 accounts http://baltcosavings.tripod.com/images/redflag.gif




Q4 2012 : there is an end to everything

Inserted Video
  • #10
  • Jun 9, 2011 9:31pm Jun 9, 2011 9:31pm
Well, there is a reason for that.

NFA dramatically worsten FX trading terms in the past. I am sure that most of the brokers who has international presence would not advertise their US business for custoners based overseas .

Now it's pretty streight forward strategy: US customers goes to US entities and international customers goes to international entities.

Do you remeber what happened with number of FXCM and Gain customers when FIFO rule came into effect?

Think about that there are only 13 brokers in the world who have NFA license.

And no foreign brokers and banks are allowed to do any business in US without being an NFA member.

Best
  • #11
  • Jun 30, 2011 3:31am Jun 30, 2011 3:31am
Quoting Marv
This.

If it's Russian, you better be careful. (Unfortunately for all honest individual Russian traders) Russian-based brökers have the worst reputation in the industry.
I don't think they are Russian.
  • #12
  • Jun 30, 2011 6:43am Jun 30, 2011 6:43am
They are. A portion of their platform, and error messages are in Russian.
  • #13
  • Jun 30, 2011 6:53am Jun 30, 2011 6:53am
Quoting EmptyEterniT
They are. A portion of their platform, and error messages are in Russian.
Do they have MT4 platform?
  • #14
  • Jun 30, 2011 7:43am Jun 30, 2011 7:43am
Quoting josef
Do they have MT4 platform?
Acttrader
  • #15
  • Jul 1, 2011 1:38am Jul 1, 2011 1:38am
Quoting LocoGuy
I don't think they are Russian.
It is their US branch, NFA-regulated, so our funds are safe
  • #16
  • Edited 11:23am Aug 27, 2011 11:09am | Edited 11:23am
I've been trading at FC for about a 6 months and during that period I haven't experienced any problems with spikes, fake quotes, sudden disconnects etc. The withdrawal process is quite well organised and quick. For now I don't see any reason to change the broker.
  • #17
  • Aug 29, 2011 1:07am Aug 29, 2011 1:07am
Quoting Screwdriver
I've been trading at FC for about a 6 months and during that period I haven't experienced any problems with spikes, fake quotes, sudden disconnects etc. The withdrawal process is quite well organised and quick. For now I don't see any reason to change the broker.

Why did you stop trading with them?
  • #18
  • Sep 3, 2011 6:03am Sep 3, 2011 6:03am
Quoting josef
Why did you stop trading with them?
Maybe I was misunderstood but I didn't stop trading with FC and I still have my account there.
  • #19
  • Sep 5, 2011 7:00am Sep 5, 2011 7:00am
Quoting Screwdriver
Maybe I was misunderstood but I didn't stop trading with FC and I still have my account there.

Sorry, my mistake.
  • #20
  • Dec 25, 2011 6:46am Dec 25, 2011 6:46am
Anybody home?
Does anyone trade with FX Club? How's your experience?

PS: sorry for that act of necro-posting but this thread http://www.forexfactory.com/showthread.php?t=318101 also looks dead.
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