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: • FINANCIAL • OFFICE RECORDKEEPING • SALES PRACTICE • NFA GENERAL DISCIPLINARY ACTION • CFTC ADMINISTRATIVE ACTION 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( FINANCIAL, OFFICE RECORDKEEPING) but the most “funny” is the status of Michael Felice on the NFA website: • PRINCIPAL WITHDRAWN 07/26/2010 • NFA ASSOCIATE MEMBER WITHDRAWN 07/26/2010 • ASSOCIATED PERSON WITHDRAWN 07/26/2010 • FOREX ASSOCIATED PERSON APPROVED 12/02/2011 • ASSOCIATED PERSON REGISTERED 03/01/2011 • NFA ASSOCIATE MEMBER APPROVED 03/01/2011 As you can see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. Maxruben haimfranck@yahoo.fr

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...

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.

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.

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.