Forex Club is an NFA regulated forex broker headquartered in the US. The firm serves clients in over 50 countries, with 1000 new clients opening accounts every day, according to its website. Forex Club is an NFA regulated broker, with ID 0358265. Founded by Michael J. Felice, a trader with more than 25 years of experience in the futures industry, Forex Club is a bold and innovative broker with a lot of unique aspects.

Company:  Forex Club Financial Company
Regulation:  NFA(US), CFTC(US)

Trading Platform: IDSystem (for beginners), Rumus2 (for advanced traders)

Web Trading Platform: Rumus-Web

Mobile Trading Terminal: Rumus-Mobile

Demo Trading: YES
Minimum lot size:  0.1 lot
Leverage:  up to 1:100
Spreads:  from 3 pips
Minimum account size:  $10
Deposits taken by: Credit Card, Bank Wire, checks, and PayPal.

Head Office:
1200 South Avenue, suite 203, Staten Island, New York
United States
Tel: 1.800.871.3809

Fax: 1.718.477.3719
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Unique Features of Trading with Forex Club
There are so many unique aspects of this firm, we have a little difficulty deciding on where to begin. Unlike the vast majority of forex brokers, the ExpressFX platform of Forex Club doesn’t manipulate the bid-ask spread for compensation. Instead, the firm charges a flat rate of 40 cents for every 1000 USD traded, regardless of the currency pair chosen, or leverage. What is more, Forex Club will waive this fee if the trader makes a loss upon closing a position. In other words, if you made a loss trading with Forex Club, there’s no fee, straight and simple. Since the firm doesn’t benefit from a widened bid-ask spread, it is also the only one among currency traders to offer a zero spread trading opportunity with the ExpressFX option.

Deposits and Withdrawals
The minimum deposit requirement at Forex Club is a miniscule $10. Bank wires, checks, credit cards, Paypal deposits are all accepted, with funds becoming available for trade immediately upon funding by credit cards, and in 1-3 days if a deposit is made via Paypal.

Account Types
There are two types of accounts at Forex Club, but both require the same minimal deposit amount. The ClassicFX account is for experienced traders, and it offers all kinds of complex and advanced tools, including historical data, alerts, market news, and charting options. The ExpressFX option is for the less experienced traders as it offers a very patient and helpful interface to facilitate study and practice. Nonetheless, ExpressFX is also excellent for the quick day trader who will greatly appreciate the zero spread offer of this package. It is also possible to open more than one account to make use of both platforms.

Beginners Support
The ExpressFX platform is designed specifically for beginners. The step-by-step instructions of the platform which explain to you how and why to enter a position, and the various forums where successful traders share their experiences all emphasize to the beginner-friendly attitude of Forex Club.