Forex Club

Hi All!

If you have any questions, comments or concerns about Forex Club (an NFA regulated forex broker located in New York) please direct them to this thread. I'll do my best to answer any of your questions!

Thank you!

[ACE]

Haven't given ForexClub much thought for a while.

Do you still have ZERO Spreads but $5/1000 commission?

[ForexClub]

Originally Posted by ACE

Haven't given ForexClub much thought for a while.

Do you still have ZERO Spreads but $5/1000 commission?

Hey Ace,

We do still have a Zero spread platform, but the cost is $0.40 per 1,000 units traded, with commissions being refunded instantly the moment a trade becomes unprofitable. (People tend to argue that 4 pip spreads on all majors is a lot, but when you consider a *good* trader only makes roughly 70% wins, 30% losses and factor in the spread costs here, you're paying about 2.8 pips spread on all pairs. That's if you make 70% wins.) The zero spread platform is called the ExpressFX platform. It's really great for first time traders, but veteran traders will probably want a little more power.

We also have the ClassicFX platform with fixed spreads and guaranteed zero slippage (due to a RFQ (request for quote)), and zero re-quotes.

There's also a new platform in the works that has low spreads and instant execution. We should have it in a few week's time.

If you have any other questions, please send them my way. I'll do my best to answer.

[magiikman]

wow refunds on commissions? thats awesome! who else does that , l ike no one

[bear]

nevermind, u answered my question... cheers

[DJFX]

I have FXClub demo, I likeit very much except when do you expect MT4 platform?

[tdtrader]

Is FXClub the oonly No Spread forex Broker available or are there others?

[Tiger]

Spread or no spread, commission so high that it usually costs the same, unless you are trading some exotic pair with a 10 pip spread.

What do you say about this?

[DickP]

Originally Posted by Tiger

Spread or no spread, commission so high that it usually costs the same, unless you are trading some exotic pair with a 10 pip spread.

What do you say about this?

That's a definite possibility for this broker, no offense "FOREX CLUB" but the commish could even out with what a fixed or variable spread/no commission broker.

[Hilda_Johnson]

The best thing to do is to find these legitimate companies to stay away from fraudulent ones.