FxClub.org(.com) Review

1.743 • 49 REVIEWS
Forex Club
Updated: Nov 27, 2023
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FxClub is a forex broker. Fx Club offers the MT4 and MT5 forex trading top platform. FxClub.org offers over 50 forex currency pairs, cfds, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
October 2018:  There is a second FPA Traders Court guilty vote against this company.  The FPA recommends a high level of caution dealing with FxClub until these issues are resolved.

October 2012:  Forex Club was fined $300,000 by the NFA.  CLICK HERE to verify.
March 2012:  There is an FPA Traders Court guilty vote against this company.  The FPA recommends caution dealing with FxClub until this issue is resolved.

Other websites for this company include fxclub.org, libertex.org (was forexclub.biz), forexclub-china.com

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $20
Established: 1997
Address: The Financial Services Center, PO Box 1823, Stoney Ground, Kingstown, VC0100, Saint Vincent And Grenadines
Contact: support@fxclub.org, 8-800-7754-964
Regional offices:
Prohibited countries:
Trading platforms: MT4, MT5, Libertex
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (50+)
Cryptocurrencies: (45+) Bitcoin, Litecoin, Ethereum
CFD: (95+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Beeline, Megafon, Moneta.ru, MTS, Neteller, Qiwi, Skrill, TELE2, WebMoney, Yandex Money
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Beeline, Megafon, MTS, Neteller, Qiwi, Skrill, TELE2, WebMoney, Yandex Money
* Please check broker website for more information
1.743 • 49 REVIEWS

Recent User Reviews of FxClub.org(.com)

hong kong, Hong Kong,
Nov 22, 2021,
Registered user

33800 USD is held by company, continue request documents for verification

Service use: Live Length of use: over 1 Year
I send over 10 times document for verification. But they said my photo is not clear. But actually all wording and character can be seen clearly.

They did not let user to withdrawal.

My account number is 1808417136
Russia, Russian Federation,
Sep 20, 2020,
Registered user

Update for my previous review

Service use: Live Length of use: 3-6 Months
Fxclub sent back my initial deposit but still not withdraw my funds. I wait my withdrawal since28 of July.
Fxclub still continues to send me the requests and ask me about new documents.That's terrible...

Aug 24, 2020 - 1 Star Hello forex community!

My account number at FxClub is 550038354
I have been trying to withdraw funds from FxClub since 23 July. Each time the company requests more and more new documents. Moreover, the verification period is always maximum - 5 working days. Worst of all, the documents that I sent are already requested.

All information at members area were blocked due to the verification of documents.
I invested $ 1,900 to account 550038037, after several orders I made a transfer to a new account 550038354 on which the main trades were. Now on the account 550038354 the amount of 4468.88. And the problem atarted after i asked 2000$ for withdraw.
Obviously, the problem is that there was a profit on the account. Realizing this, I requested a refund of the deposit, without profit. And again I got the same answer - provide the documents.

I have 8 years of forex experience. And I know that companies always return a deposit. Only scam companies do not return the deposit. In this case, Fxclub does not even return the deposit to me.
Dear Community, I ask you to help me with advice, what should I do? How to get the funds back from the company? Thank you.
1 trader has found this review helpful
Nikolay Kuryshev
Penza, Russian Federation,
Mar 12, 2020,
Registered user

stole my money

Length of use: 3-6 Months
Здравствуйте! Деньги из Форекс клуб мне не выводят уже почти месяц!!! Это просто кошмар какой то! Безобразие просто!!! С 18 февраля у меня запрашивают по одному документу в неделю и якобы его "проверяют"!!! Целую неделю проверяют один документ!!! Деньги зависли в Форекс клубе капитально. Не связывайтесь с этими дельцами: потом своих денег не увидите!!! А деньги у них зависли серьезные. Для меня большие.
У меня просьба ко всем неравнодушным, кто читает эту ветку: прошу Вас, помогите! В такой ситуации может оказаться любой из нас, трейдеров. Подскажите мне, что можно сделать, чтобы как то повличть на Форекс клуб и чтобы они все таки вывели мои деньги! Помогите, пожалуйста.
Как думаете, чардж-бэк в этом случае поможет? Прошу вас, помогите мне советом!!! Моя почта: kur-nik67@yandex.ru
Zdravstvuyte! Den'gi iz Foreks klub mne ne vyvodyat uzhe pochti mesyats!!! Eto prosto koshmar kakoy to! Bezobraziye prosto!!! S 18 fevralya u menya zaprashivayut po odnomu dokumentu v nedelyu i yakoby yego "proveryayut"!!! Tseluyu nedelyu proveryayut odin dokument!!! Den'gi zavisli v Foreks klube kapital'no. Ne svyazyvaytes' s etimi del'tsami: potom svoikh deneg ne uvidite!!! A den'gi u nikh zavisli ser'yeznyye. Dlya menya bol'shiye.
U menya pros'ba ko vsem neravnodushnym, kto chitayet etu vetku: proshu Vas, pomogite! V takoy situatsii mozhet okazat'sya lyuboy iz nas, treyderov. Podskazhite mne, chto mozhno sdelat', chtoby kak to povlicht' na Foreks klub i chtoby oni vse taki vyveli moi den'gi! Pomogite, pozhaluysta.
Kak dumayete, chardzh-bek v etom sluchaye pomozhet? Proshu vas, pomogite mne sovetom!!! 
Hello! I have not been withdrawn from Forex Club for almost a month !!! It's just some kind of nightmare! Disgrace is simple !!! Since February 18, I have been asked for one document per week and are supposedly "checked" !!! Check one document for a whole week !!! Money hung in the Forex club thoroughly. Do not mess with these businessmen: then you will not see your money !!! And their money hung serious. Big for me.
I have a request to all who care about reading this thread: I ask you, help! In this situation, any of us traders may be. Tell me what can be done to somehow expose to the Forex club and that they still withdraw my money! Help me please.
Do you think charge back will help in this case? I ask you, help me with advice !!!
New York, USA,
Sep 19, 2019,
Registered user

Post hits SL and they don’t post all of them

Service use: Live Length of use: 0-3 Months
I was just trying the service, I had 4 signals open, 3 went to SL, which is normal, i can take that, they only post one SL in their Telegram, the other one they post that we should have put our SL some pips higher bcoz of the spread.
I put 2 stars becoz they send you a pic of the chart pretty much letting you know what kind of analysis they are doing.
AUD/USD EP: 0.6835 Long
SL: 0.6800
1st TP: 0.6875.... the signal is still going even that the price went down to 0.6781.
Great thing we all have the chance to try them out before paying higher prices for their signals.
Keep studying, no giving up...
signals are like indicators, you can not entry every time they tell you to.
Russian Federation,
Nov 19, 2018,
Registered user


I have traded Forex club, when there was the PAMM. Got good money out of them. The memories are the most pleasant.
Russia, Russian Federation,
Oct 2, 2018,
Registered user


I have a similar problem - unlimited requests for documents, they have not withdrawn my funds for more than two months. My Libertex account number is 1805252327. Amount $23509,08
Saint-Petersburg, Russian Federation,
Sep 15, 2018,
Registered user

All actions of the company are aimed at weaning your money.

My account has been blocked 01.08.2018 purpose of verification of identity. Since then I provided:
1. Passport scans.
2. Utility bills for 3 months .
3. Selfie with passport .
4. A scanned copy of Skrill + selfi on the background of scanned copy of Skrill.
5. Source of origin of funds.
The last document has been checked since 01.09.2018 and I still have not received a response.
Repeatedly addressed by e-mail and phone to the "personal" manager and did not receive any help.
Also personally (!) was in the office of the company for the purpose of verification and did not receive any intelligible answer.
Yugorsk, Russian Federation,
Sep 10, 2018,
Registered user

Stealing my money

The broker limited my personal office due to doubtful non-trading operations, there is no evidence and arguments. Online chat is blocked because "the same questions are coming in, which will take a lot of the company's resources." The Internal Control Service does not have a telephone and mail, the claim within the broker was not satisfied, since the document checks according to the rules are not limited by the time limit, and the claim to the financial commission for the same reason was rejected. The broker tightens the checks without the soil. Account numbers 720225215 and 550015591. The total amount of accounts is $ 19, 000. The personal record is already limited to 40 days, sent them a passport, selfie with a passport, a receipt for utilities, selfi with an electronic purse, documents of the legality of the origin of the funds (bank statement with transfer of salaries).
Voronezh, Russian Federation,
Sep 7, 2018,
Registered user


Issue escalated to Traders Court Specktor vs fxclub.org | GUILTY
From July 31, 2013 blocked the account, motivating it with the beginning of some kind of verification. Each week, various documents are requested, and so far the withdrawal of funds has been blocked. Do not give any intelligible explanations, even about the reasons for the check. They operate with a very vague term "dubious non-trade operations", by definition of which, based on their regulations, such can be considered any transactions with the account. They demonstrate obvious fraudulent behavior, they do not want to pay money. The account is $ 23k.
Rostov-on-Don, Russian Federation,
Sep 6, 2018,
Registered user

SCAM Broker

I can not withdraw my funds for more than a month. The requests for documents continue every week, which only pursue one goal - not to pay the trader. This broker is showing a scam behavior, illegally withholding my funds ($18к) without any explanations.
Russian Federation,
Apr 12, 2018,
Registered user

do not withdraw initial deposit
2 weeks delay already
no regulation
head of their "regulator" - Petr Tatarnikov is their ex ceo (was fined by NFA several years ago)
New Zealand,
Feb 13, 2018,

This company is deceptive and I strongly advise that you do not open an account with them.

I'd like to share my experience of my attempt to withdrawal funds from my trading account.

This company is deceptive and I strongly advise that you do not open an account with them.

The document requests are nothing but stalling tactics. If you do hold funds with this broker, I recommend when you withdrawal to follow their requests specifically (ie. you will see below the request to see my whole hand in the photo). I had to provide 8 different photos of myself holding my Passport over the last six weeks.

1st withdrawal attempt: 19 December 2017
Rejected: 20 December 2017
Document Request: Coloured photo with your passport in the hands (provided 20 December 2017)

2nd withdrawal attempt: 21 December 2017
Rejected: 22 December 2017
Document Request: Copy of utility bills (provided 22 December 2017)

3rd withdrawal attempt: 23 December 2017
Rejected: 26 December 2017
Document Request: Copy of utility bill for last 3 months (provided 27 December 2017)
Document Request: Coloured photo with your passport in the hands (provided 30 December 2017)

4th withdrawal attempt: 4 January 2018
Rejected: 5 January 2018
Document Request: Coloured photo with your passport in the hands (provided 5 January 2018)
Document Request: New coloured photo with your passport in the hands (provided 8 January 2018)

5th withdrawal attempt: 17 January 2018
Rejected: 21 January 2018
Document Request: Screenshot from your Skrill account, where we can see information about the owner of this account and successful transactions to our company (provided 21 January 2018)

6th withdrawal attempt: 29 January 2018
Rejected: 30 January 2018
Reason: The bank details are incorrect [even though they had wired to the same account previously!]

7th withdrawal attempt: 30 January 2018
Rejected: 31 January 2018
Reason: Indicated name does not match the name of the trading account holder [this is BS!]

8th withdrawal attempt: 31 January 2018
Rejected: 2 February 2018
Document Request: Coloured photo with your passport in the hands (provided 2 February 2018)
Document Request: New coloured photo with your passport in the hands (provided 5 February 2018)

9th withdrawal attempt: 5 February 2018
Rejected: 7 February 2018
Document Request: New coloured photo with your passport in the hands (provided 7 February 2018)
Document Request: New coloured photo with your passport - whole hand holding your passport (provided 8 February 2018)
Martin B
Argentina, Argentina,
Dec 15, 2017,
Registered user

Unable to withdraw my funds (30k) for the last 2 months and counting

Issue escalated to Traders Court martinfx28 vs fxclub.org | RESOLVED
This review is for FxClub (aka Libertex).

I've been trading with these guys for almost two years (March 2016). I traded without problems making profit and even they allowed me to make a withdrawal once.

Two months ago on Oct 17, I placed a withdrawal request which was rejected one, two, a number of times. Each time they requested a different document, supposedly for AML verification.

I provided the documents in timely matter the same day they requested them. On the other hand one has to wait days, even weeks for them to reply an email. When I provided everything you could imagine and there was nothing left to ask using the AML excuse, they stop replying me and the account was put under "verification".

Verification of what? The account has been blocked/under verification ever since, and no one explained anything for the last month and a half. The only person that replies my emails once a week is an account manager that is unable to get any responses or explanations for me. According to him "internal control" doesn't provide any information about this case.

I traded FX many years and I know what's normal and what's not. This broker is showing a scam behavior, illegally withholding my funds without any explanations. We are talking about usd 30k here, it's not a couple hundred dollars.

I still have hopes of recovering my funds, I will post again when I have any update.
Forex Peace Army
Review moderation team note
The FPA is pleased to see this issue has been resolved.
Apr 25, 2017,
Registered user

Money stealing fraud company

Total bunch of money stealing scammers. Traded with them since Aug 16. Attempted multiple times to withdraw some funds from beginning of April17 but all got rejected telling me to provide documents after documents.

During registration, they only ask for the copy of passport indicating the picture and details, ID, address and bank details. These are usual documentation. However, during the few weeks of withdrawal requests, they will use reason of trying to prevent fraud and request various additional documents. One piece at a time even after you fulfilled their request. Here's the 4 requests put in with all rejected and asking me to provide proof of account
1) coloured scan/coloured photo of your passport (pages with your photo, registration and signature) in a good quality
2) - your photo with passport in hand (good quality in color). Please place the passport in front of you. Your face should be visible on the photo;

- statement of the bank account with successful transactions in favor of FOREX Club. Name of account holder, account number should be specified in the statement.
3)your utility bill. (This I was never requested to provide before during registration. As I'm staying with parents, I don't have any bill to my name. However, they even requested one with my parent name and address which doesn't show any connection to my name. Challenged their logic but they insisted for fraud prevention. Finally, I also dutifully provided.)
4) all pages of my passport. (This is getting ridiculously shitty. How does this proof anything when I didn't even provide them during registration)

From these withdrawal request after request rejection, even though you provided what the doc they need, you can tell there's no chance in withdrawing any fund from them. I don't know what else will they further request. My blood sample, DNA... Your money will be eaten up cleanly. They are the fraud trying to act like preventing fraud.
ramdi abdellah
france, France,
Jun 16, 2016,

Hello everybody
I participate in a competitiopn forexclub.org after three days of competition I was the 1 st rank and unfortunately there are simply remove my account I do not know why someone for meter work with them loool look at my statment and watch the Standings I hope that each person has an account with them stopped trader because it's really a big scam
limassol, Cyprus,
Oct 28, 2012,

NFA fines Forex Club 300k USD

, France,
Mar 10, 2012,

First of all I want to thank all the traders that voted Forex Club (FX Club) as a scammer.
Now to avoid to others traders to get the same robbery I had with Forex Club and to draw the attention of somebody on my case I give at the following the profile of Michael Felice the president and principal of Forex Club(FX Club) this is very interesting:

He was associate of Index Futures Group (doing business as Jack Carl/312-Futures) with 71 CFTC REPARATIONS CASES and 11 REGULATORIES ACTIONS.
He was associate of Balfour Maclaine Futures Inc with “only” 41 CFTC REPARATIONS CASES and 18 REGULATORIES ACTIONS.
And for the others companies where he was associate usually there were regulatory actions for:

Forex Club until now as only one Regulatory action in February 2010 ( FINANCIAL, OFFICE RECORDKEEPING) but the most “funny” is the status of Michael Felice on the NFA website:
As you can see after the regulatory action he wasn’t principal and associate of Forex Club neither NFA associate member and one year later he is “coming back”!!

I am a taker of all information and idea, I don't want to leave this thiefs out of trouble, they have to pay the robbery and I will fight for it. So thank you for your mails.
, France,
Jan 6, 2012,
Registered user

Issue escalated to Traders Court Maxruben vs. FxClub.com | GUILTY
I will not express myself in many words, because I recorded a good part of the unfair practices of Forex Club, but to make it shortly:
1/Huge slippage
2/they freeze your platform when you want to cancel an order that is near of your price (4 or 5 pips sometime more) when the market starts to go in opposite direction of your order.
3/Too many re-quotations when you want to close a position with profit.
4/You are filled only when the offer price market is quoted 4 pips below you buying price or when the ask price market is 4 pips above your selling price.
4/Don't respect the CFTC rules.
And much more...
Nov 25, 2011,

Sorry to keep adding the review of this FX CLUB. I thought you might like to know the overnight rollover fees. FX club will charge overnight roll over fees. But, if the interest rate is in your favorite, it will not be charged nor paid. You get/pay Zero. I have another broker that will charge and pay depend on the interest rates between the currencies. But then I used to have a broker that would charge you overnight fee either way.

2011-11-24 3Star Just to add more to my last review regarding to withdraw. You need to have bank on file to withdraw. You only allow to have one bank on file at a time. It takes about a day to get the bank on file setup. But, if you want to switch bank, you must submit request again. There is no problem to get approval if the account is in your name.
After setup bank on file, it will take about a day to get the withdraw request accepted (but sometime less than a day). Then it will take additional day to process the fund. I had experienced two days to process. If you are not in need of the money, it is not so bad.

2011-11-23 3Star I have been with FX Club since 5/2011. Overall, they are OK. I also have several accounts with other brokers. Overall spreads are high. The EURUSD spread probably has the lowest on an average. Otherwise, I can see much lower spread somewhere else.
I was overseas last September and was trying to fund my account using credit card. But, FC would not allow the transaction. I can only use credit card when I am in the home area. I called them, they said they will fix it within 24 hours for my account. It didn't happen. I contacted them and they didn't respond.
Now, a sale rep tried to call me because I closed one account with them and going to close my other one once my positions are closed. He said I was wrong, he insisted it was my credit card problem. Then he called again the next day that I was right and he will have the restriction on my account removed. A week later, haven't heard from them.
Execution is OK. I am using ACTtrader platform. You need to practice with it. I made several mistake at the beginning and caused me money.
They open trades an hour earlier then other broker on Sunday (US time).
After several months with them, since I can't use credit card to fund my account, the overall spreads are high, lack of customer service response, I am ready to close my account once all my positions are closed. I have four other brokers I am dealing with and this is the worst broker of the five.
This is only from my personal experience. Other users may found them excellent.
Miami, USA,
Nov 18, 2011,

I've had a live account with them for a week. The spreads on live mt4 are not even close to what you see in the demo. The IB department told me the spreads would be same as the demo (starting at .6 pip) with a 50K account. Now, everyone I talk to says they don't know if that is correct or not. The account is just under that now, and I'll go on and raise it to 50K and see if the spreads are lower.

Execution is OK (some requotes). Credit card deposits are credited right away, with no fees. So far, I'd say they are nothing great, but OK. I just don't need another "OK" broker. If the spreads don't come down to match the demo, I'll probably close the account.
Oct 14, 2011,

I'm fully satisfied with the services that FC provides. You can use various platforms depending on your income and time that you can spend trading. The site itself is very well-organized and you can find any necessary information there quite easily.

Review Moderation Team Note: 5 Star rating removed. This person has left multiple reviews under different names. The FPA does not appreciate review spammers.
UK (Really Russia),
Sep 20, 2011,

FC is a good, reliable broker and I never regretted of choosing it. I prefer to use Rumus as I like its design and performance. Order execution is a bit slow but as for the rest I have nothing to compain about.

Review Moderation Team Note: 4 Star rating removed. This is one of a large number of fake positive reviews recently submitted for FxClub and Akmos. We hope that this note discourages whoever is behind this review spam.
Sep 18, 2011,

If you plan to trade on fxclubs express fx playform,I strongly recommend you TAKE YOUR MONEY ELSEWHERE,fx express is the most unrealistic trading platform to date,there quotes jump up and down very quick in pips and therfore its impossible to read there charts,.Ive only tried the demo but that is plenty full.They state that the platform is for beginners to learn,but its the very worst platfrom to learn on as it is more of an online casino than FX trading,If your just starting out and MT4 doesent suite you I reccomend using FXCM micro trading station 2.TS2 is great but whatever you do stay away from express fx unless you got cash to blow and are looking to play online casino...
Denver Colorado,
Sep 1, 2011,

Just talked to rep. they will start MT4 someday next month. I guess that's a good news. :)
Jul 24, 2011,

Tried a lot of brokers, now have the account in FC. Everything is greate, comfortable trading conditions. I recommend!
Tom W
Brooklyn, NY,
Jul 1, 2011,

I have found Forex Club to be a very good all around and pleasing experience for myself and anyone looking for a good hands on currency broker to gest involved with.
Special thanks fo to Paul for helping me get through the rough spots.
United States,
Apr 19, 2011,

I use their ActTrader platform and have no complaints. I suspect most of the negative reviews here come from people using their ExpressFX and Rumus 2 platforms which admittedly do look pretty bad. (never tried them)

I haven't tried to withdraw any money yet but based on my experience so far I don't expect there to be a problem.
Mike, NYC
Queens, NY,
Mar 12, 2011,

WOW. Boiler room type shop. Disrespectful sales rep sends harassing emails and was disrespectfully pushy over the phone. There is no 24 hour support...which is insane given that it is a 24 hour market.
Dec 3, 2010,

Can't say anything bad about. Their ACT Trader platform is the best.
Jul 20, 2010,

Trading with fxclub coming with some good bad experiance ..
Coustmer care is nice ,


helpful .. nice ppls , and forum. withdrawal is smooth, only takes 2 days ..

Bad is :

1) They don't have 24 hr coustmer care.thats is the main requirment for new trader like me.. i always need some help :P

2) platform : in mordern fx , u can't place entry orders ..in rumus: u need some good experiance in trading,otherwise it is very confusing..and acttrader is very user friendly .. excution is very nice in acttrader , but it is so laggy type of platform.

3)Hedging is not allowed :( new trader like me , frequetly made mistakes..hedging is like insuring policy to me.

Thanks , Hope it helps.
Jul 5, 2010,

I use the expressFX platform, the newbie one that promises zero spread. When you get a quote you must of course tell them which direction you want the quote for so they can bounce the price the spread before they give you a button to click. Normally you can get in or out within 15-20 seconds, although it can get bad sometimes and take upwards of 15 minutes. You cannot use limit orders and you can only have a stop and a take profit, you cannot come back later and set the take profit for a negative number to get some of the diff back. Bottom line is the spread is not zero, they just tell you it is. The only plus is if you get out for a loss they refund the high commission so you can employ a longer term strategy that often fails and then has big winners once in a while. Although the rollover is quite expensive like half the commission or something rediculous.
Apr 27, 2010,

hello,have been using both of their p/forms? the beginners p/f isnt much good but 11 pairs and the fees the same for all. .40 for 1000, $4 per 10000,$40 per 100000 units.no indicators and line ,tick or candles! candles dont show up well though.the other platform is reasonably good. all indicators and templates. candles,shadows,bars,etc.stops not good. requotes prob. have not opened acct. yet but trying to. must submit 3 papers. hope i dont have problem withdrawing funds???
Fort Washington,MD,
Dec 6, 2009,



I tested their express and classic platforms.
These are not for me, and I personally did not like the platforms.

In addition to this the terms and conditions is what should have you really really alarmed.

They have in their terms a min. 12-15 pips stop loss and target requirement on top of their spread or fixed commission.

For the express this would mean that a .40 fixed commission for a $10 lot, and then on top of that a $1.20 min or 12 pips stop loss required per lot. THATS RIGHT PER LOT !!!

I guess thats ok if you plan to manually close the trade prior to this, but this is not good at all.

The classic has the same rule/terms but it's not listed on their site under the classic terms; and they indicated they need to fix the web for the classic account to show these terms.

Anyhow to summarize (IT'S A 12-15 PIPS STOP PER LOT )

So is you traded 3 micro lots at $30 to open then your stop would have to be $3.60 or (12-15 x 3) = (36 - 45 pips stop loss required)

WOW this really stinks and a complete rip off.

Oct 2, 2009,

Albeit, their ExpressFX platform is a load of garbage: it's a gimmick to help complete newbies familiarize themselves with order making, etc. Their Rumus2 platform is a bit unorthodox in its presentation, and can be downright confusing. It is usually just better to watch prices and do your charting in MT4 and execute your trades from the platform.

If you require fast execution, then this broker is NOT for you. Their dealing desk often takes quite a while to quote a price. Scalping is a fool's strategy anyways (no, seriously). If you think you can be successful at forex through scalping, you are just kidding yourself.

A lot of negatives so far. So why do I rate it 3 stars? Well, if you can get past all of the inconveniences, take a look at the terms of trading. They are actually quite favorable to the trader compared to many other brokers.

First of all, there are no margin calls (ie your positions are closed once equity is zero, not when available margin is zero). Many balk at this and say it encourages traders to risk their entire accounts. But let's be serious here: if your account size is $1000 or smaller, having a margin requirement is silly, since in the big scheme of things $1000 is pocket change. This actually ends up being an advantage to the trader because it gives him extra drawdown depth.

My whole point regarding the margin call issue is that, unless you are doing 10 lot positions or larger, margin requirements are unnecessary because there is hardly any risk for the broker to absorb.

The next advantage the terms offer is that each dollar in your account can buy 100 units of BASE currency, regardless of the exchange rate. So with 100 dollars you could buy 10000 GBP/USD even though this would be impossible otherwise, since 100 USD at 100:1 leverage should only buy you 6250 GBP/USD at the current exchange rate.

To the keen eye, it becomes apparent that this broker is really trying to lessen your barriers to entry if you have a small account size.

Their spreads are 1 pip larger than average on some pairs.

I got a withdrawal through paper check no problem; it took about 2 weeks (if you think getting a check in 2 weeks is too slow, then I don't know what to say).

I will probably be labeled a shill because I have submitted a detailed review and am not part of the army of crybaby losers that pervade these ratings boards.
May 20, 2009,

The express fx platform is amongst the worst I have ever seen. I have been running it for a month now and it is difficult to understand what commission fees will be when entering the trade, as well as very slow execution. They have a neat feature when you place an order that allows you to bet your entire account on a single trade, good encouragement to blow your account. I would stay away from these guys, don't touch them!
Apr 10, 2009,

Well, this pretty well sum it up: PURE SCAM!!!
In my previous post, I said I was waiting for my withdrawal request to be processed. After 4 weeks of giving me the runaround with all kind of excuses, They still haven't sent me the money owed.
They are boasting being registered with the NFA, I'm gonna file a complaint to see what they say.

2009-03-22 2 stars
On their website,they make their price quoting thru Dealing Desk sound like the best invention since sliced bread!
In practice, the sweet time they take to give you a quote will many times make your profits disappear or even turn into a loss!
I have managed to make some profits and now am still waiting for my withdrawal request to be "processed"!
Apr 7, 2009,

It is a complete scam i would not advice anyone from uk and europe to get involve with them, i rerquested withdrawal over a year ago for $2000 i haved received anything every time i phone them they give me new ac no they are big scam they have poor customer service and it is easy to pay money in but not easy to withdraw
Martin Georgiev
Feb 28, 2009,

extreme high execution time, sometimes it takes 50 sec, requote and etc.. the platforms ExpressFX and Rumus sometimes don't display your orders
Andrew Boss
Albuquerque, NM,
Feb 17, 2009,

I have learned a lot from their classes. Platform was a bit confusing. I believe they are having money problems though otherwise it was easy to use.
Tucson Az,
Jan 27, 2009,

I have been trading with FXclub since 7/07 and started with a couple hundred bucks I was totally green and wanted to jump in. I have not had trouble with deposits or with withdrawals. I have had a disconnection problem and I called the support people and they helped me through it. no complaints there. I have been curious about some stop harvesting lately but how am i to prove it? I have lost some money but i chalk it up to learning. overall I will say this broker is ok but i am researching new brokers because i want to use MT now.
NYM Arts
New York,
Nov 24, 2008,

I Just Now have called it quits Excersising RUNUS 2.
It won't let me close the First Position I Ever Opened.
Tech Support wants me to UNINSTALL my Firewall & Anti virus software.
Skip these idiots.
Nov 20, 2008,

Having had a really bad experience with their platform "Rumus 2", sometimes waiting 5 minutes and more for a quote depending on how much profit you are making). I asked to close my account, and after a further email was told I could refund my account by logging in with usual details. Guess what? Not possible. So no refund for me. BEWARE!
Nov 14, 2008,

It's an absolute scam seriously thinking of informing the UK Financial Ombudsman monday morning...would advise anyone interested to no invest a penny nor even test the application which features are a joke...support, deposits team and management are simply non existent; they do not answer emails or complaints or requests for feedback...the refounds are not processed in less than 2 months....still waiting for one since 8th of october...today is the 15th of November. It's throwing money out of the window! also for those who have completed transactions I would advise to use always the same credit card and monitor the refounds...It's obviously a proper scam
Oct 27, 2008,

hi everyone.
THese guys are from Russia! I was suprised when i saw that they are from NY
I am from Russia too. I opened account with this broker in September.
The biggest problem is that this brokerage do not pay me any funds.
I made first withdrawal of 62$ (!!!!) but they just deducted it from my account and that's all!!!
I spoke with their Live chat to send me SWIFT DATA but they sent broken file and no one can open it!!!
Their financial department do not reply to my emails!
Miami, FL,
Oct 10, 2008,

I'v been trading on the ExpressFX platform there are no spreads and transactions are done within 1 - 2 buisness days i havent had a problem with this broker.
David Bailey
Aug 4, 2008,

I have worked my account upto $3500 from a $500 start. I now wish to withdraw the funds but can't get any response. I have emailed and emailed and still no response even after 7 Business days.... Begining to look like a scam.
There platform is slow, ugly and has no real features I was even willing to stay because I have been in front but now due to the fact of no response and I can't even get my money back I am out of there fast.
Toronto, Canada,
Jun 19, 2008,

I have been using ExpressFX platform in a Demo only for a short time. It is the worst I've ever tried. I dislike requesting for a price,it is often delayed. I absolutely dislike charts. No way you can do any analysis with them. It seems to me that this platform is the best for anyone who is eager to lose money as fast as possible.
filipe amaral
Jun 3, 2008,

delay in the drawings, always chat offline, without answers in the email, in short, junk.
Yasser Aly
Dec 21, 2007,

Very Thanks to this Broker he gives you 100$ to start trading in a live account and you can only withdraw what you win over this 100 . I Start trading with it i win 34$ but after that i start to loose because his PF have the following disadvantages and in the same time very fatal if you trade with large lots and have large balance : 1. When you put a S/L or T/P it doesn't always work , that means when you leave your desk you can loose all your money.
2. When i enter with for example 2000 amount (0.02 lot) during the trade it will be changed automatically by the system to 4000 amount .
3. If you want to enter the market on the spot you see that there is a point appear to enter now unfotunately you cannot put aS/L OR T/P points . I have sent to his C.S. These complains but they cannot do anything only they told me that they put these complains as feedback to solve these problems in the second Version of his PF . So i recommend to trade on his demo till these problems solved .
New York,
Dec 12, 2007,

Scam, their price is always five points in their favor away from true market price. I think that the gent from Moscow is correct when he says that they are Russian Mafia. Thety leave a bad taste in my mouth. I suspect that all of the positive reviews posted about them are form employees from their company or people that have no experience with currency trading.
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