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Do you want to know which is the better broker between Saxo and Forex Club ?
In the table below, you can compare the features of Saxo , Forex Club side by side to determine the best fit for your needs.
EURUSD: -6
XAUUSD: 1.4
Long: -8.24
Short: --
Long: -17.46
Short: 2.69
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of saxo, forexclub lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Saxo Review Summary in 10 Points | |
Founded | 1992 |
Headquarters | Hellerup, Denmark |
Regulation | ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS |
Market Instruments | Forex, stocks, futures, options, bonds, ETFs and CFDs |
Demo Account | Available |
Leverage | 1:100 |
EUR/USD Spread | 0.4 pips |
Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
Minimum deposit | HKD10,000 |
Customer Support | 24/5 phone, email |
Saxo is a Danish investment bank founded in 1992. It provides online trading and investment services in multiple assets, including stocks, bonds, forex, options, futures, and CFDs, through its proprietary trading platforms. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo. Saxo Bank is regulated by several financial authorities, including the Danish Financial Supervisory Authority, the UK Financial Conduct Authority, and the Monetary Authority of Singapore. The bank also has a banking license and is a member of the Danish guarantee fund for depositors and investors.
Saxo is a multi-asset broker that offers access to a wide range of financial instruments, including forex, stocks, bonds, ETFs, futures, options, and more. The broker provides trading services through its advanced trading platforms and caters to both retail and institutional clients. Saxo operates as a hybrid broker, offering both direct market access (DMA) and market making services.
Saxo is a well-established and reputable broker with a range of trading platforms, instruments, and research tools.
However, the broker's high fees, minimum deposit requirement, and lack of negative balance protection may not be suitable for all traders. Additionally, some users have reported poor customer service experiences.
Pros | Cons |
• Wide range of financial instruments available | • High minimum deposit requirement |
• Access to multiple markets and exchanges | • Fees and commissions may be higher than competitors |
• User-friendly trading platforms | • Inactivity fee for dormant accounts |
• Advanced trading tools and research | • Limited educational resources |
• Regulated by top-tier financial authorities | • Limited customer support options |
Overall, it is important for traders to carefully consider their own needs and preferences before choosing Saxo or any other broker.
There are many alternative brokers to Saxo, each with their own unique features and benefits. Some popular alternatives include:
Interactive Brokers: A well-established broker with a wide range of trading instruments and low commissions.
TD Ameritrade: Offers a powerful trading platform and a variety of educational resources.
E*TRADE: A popular broker with a user-friendly platform and no account minimums.
IG: A global leader in online trading, offering a wide range of markets and advanced trading tools.
Plus500: A broker known for its user-friendly platform and tight spreads.
Ultimately, the best alternative broker for you will depend on your specific trading needs and preferences. It's important to research and compare different brokers to find the one that best fits your individual needs.
Saxo is a legitimate and reputable broker with a long track record of providing reliable trading services. It is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Danish Financial Supervisory Authority (DFSA). Additionally, Saxo is a member of several investor protection funds, such as the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients' funds up to a certain amount in case of the broker's insolvency. Therefore, based on its regulation and investor protection measures, Saxo can be considered a legitimate broker.
Saxo is a regulated broker, with licenses from multiple reputable regulatory authorities and a long-standing history of providing financial services. The broker takes extensive measures to protect client funds, including segregating them from the company's assets and offering negative balance protection.
Additionally, Saxo offers various security features, such as two-factor authentication and encryption, to ensure secure trading.
More details can be found in the table below:
Security Measures | Description |
Regulation | FSA, FINMA, FCA, ASIC, DFSA |
Segregated Accounts | Client funds are held in segregated bank accounts to protect them in case of insolvency. |
Two-Factor Authentication | As an extra layer of security for client accounts |
SSL Encryption | The Saxo website and platform are secured with SSL encryption to protect user data |
Investor Compensation Scheme | A member of the Danish Investor Compensation Scheme, which provides additional protection to clients in case of insolvency |
It's important to note that while these measures provide some level of protection for clients, there is always some level of risk involved in trading financial instruments, and clients should always be aware of the risks before making any trades.
Based on the information available, Saxo appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years. However, we also find that some users complain about their bad experience with Saxo. Take care!
Saxo offers a wide range of trading instruments across multiple asset classes, including
Forex: More than 180 currency pairs, including majors, minors, and exotics.
Stocks: Over 40,000 stocks from 36 global exchanges, including NYSE, NASDAQ, LSE, and more.
Futures: Over 200 futures and options across a variety of asset classes such as commodities, indices, and bonds.
Options: A wide range of options on stocks, indices, and futures.
Bonds: Trade a wide range of government and corporate bonds, including sovereign bonds from developed and emerging markets.
ETFs and CFDs: Access to over 3,000 ETFs and CFDs on indices, commodities, and stocks.
Saxo offers a range of account types designed to suit the different needs of its clients. The account types offered by Saxo are:
Classic Account: A traditional account with minimum funding of HKD10,000, which offers a range of trading tools and resources.
Platinum Account: A premium account for high-net-worth individuals, with a minimum funding requirement of HKD 1,500,000.
VIP Account: An exclusive account for ultra-high-net-worth individuals, with a minimum funding requirement of HKD 8,000,000.
Islamic Account: A Sharia-compliant account for clients who follow Islamic finance principles.
Corporate Account: An account for companies, partnerships, and other legal entities.
Joint Account: An account for two or more individuals who want to trade together.
Each account type has its own unique features and benefits, such as lower pricing, higher leverage, and dedicated account managers. Saxo also offers a free demo account for clients to practice trading before committing to a live account.
It takes only about five minutes and a short online form to open an account. Clients will need to submit the standard verification documents required by KYC and AML rules, but the procedure should be quick and easy, and they will have access to their account in minutes.
Saxo offers leverage up to 1:100 for forex trading. Professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.
However, the maximum leverage may vary depending on the instrument being traded and the client's location. It is important to note that trading with high leverage carries a higher level of risk, and traders should always exercise caution and use risk management strategies.
Saxo offers variable spreads, which means that the spreads can change depending on market conditions. The typical minimum spreads for popular instruments are as follows:
EUR/USD: 0.4 pips
USD/JPY: 0.6 pips
GBP/USD: 0.9 pips
AUD/USD: 0.6 pips
USD/CHF: 1.2 pips
USD/CAD: 1.5 pips
Saxo also charges commissions on some products, including stocks, ETFs, and futures. The commission fees vary depending on the specific market and the size of the trade. Commissions start at $3 per share for equities, as low as $0.85 per lot for commodities, and $3 per share for ETFs. Futures commissions start as low as $0.85 per lot, bonds commissions start at 0.05%, listed options commissions start as low as $1.25 per lot, and mutual funds commissions are $0 for custody and platform fees.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission per lot |
Saxo | 0.4 pips | $3 |
Interactive Brokers | 0.1 pips | $2 |
TD Ameritrade | 0.7 pips | free |
E*TRADE | 1.0 pips | free |
IG | 0.75 pips | free |
Plus500 | 0.8 pips | free |
Please note that commission rates may vary depending on the specific account type and trading volume. Additionally, some brokers may offer different spreads and commissions for other currency pairs or financial instruments. It's important to do your own research and carefully consider the costs and fees of each broker before making a decision.
Saxo offers its own proprietary trading platform called SaxoTraderGO. It is a web-based platform that can be accessed from any device with an internet connection. In addition to SaxoTraderGO, Saxo also offers SaxoTraderPRO, a desktop-based trading platform that is designed for advanced traders who require additional functionality.
SaxoTraderGO is highly customizable, allowing traders to arrange the interface to suit their preferences. It provides access to a wide range of trading tools and features, including charting tools, technical analysis indicators, and news feeds. The platform also includes a comprehensive range of order types, including market, limit, stop, and trailing stop orders.
SaxoTraderPRO is a professional-grade trading platform that offers advanced trading tools and features. It is designed for active traders and includes a range of tools that allow traders to monitor multiple markets and instruments simultaneously. The platform also includes advanced charting tools and a range of order types, including conditional orders and algorithmic trading capabilities.
Saxo also offers SaxoInvestor, which is a user-friendly trading platform suitable for beginner investors who are interested in a wide range of asset classes. It provides a simple and intuitive interface with basic research tools and features, making it easy for investors to buy and sell stocks, ETFs, bonds, and mutual funds. However, advanced traders may find the platform's lack of advanced tools and customization options limiting.
Overall, Saxo's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platform |
Saxo | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor |
Interactive Brokers | Trader Workstation, WebTrader, IBKR Mobile |
TD Ameritrade | Thinkorswim, Web Platform, TD Ameritrade Mobile App |
E*TRADE | Power E*TRADE, E*TRADE Web, E*TRADE Mobile |
IG | IG Trading Platform, IG Web Platform, IG Trading App |
Plus500 | Plus500 WebTrader, Plus500 Mobile App |
Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for deposits and withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.
Saxo has different minimum deposit requirements depending on the type of account you open and your country of residence. For example, the minimum deposit for the Classic account is HKD10,000.
However, these amounts can vary depending on your location and the specific account type. It's important to check with Saxo directly or on their website for the most up-to-date information on minimum deposit requirements.
Saxo | Most other | |
Minimum Deposit | HKD10,000 | $100 |
To withdraw funds from your Saxo account, you need to follow these steps:
Step 1: Log in to your Saxo account using your credentials.
Step 2: Click on the “Account” tab located on the top right corner of the screen.
Step 3: Click on “Withdraw Funds” from the account menu options.
Step 4: Select the account you wish to withdraw funds from, enter the amount you want to withdraw, and select the currency you want to withdraw in.
Step 5: Choose the preferred withdrawal method from the available options and provide the necessary details such as bank account information or credit/debit card information.
Step 6: Review the details of your withdrawal request and click on “Submit.”
Note that Saxo may require additional verification or documentation before processing your withdrawal request. The processing time for withdrawals may vary depending on the chosen method and your bank's processing time.
Swap costs, sometimes called overnight fees, are assessed on overnight open positions at Saxo Bank. These are expressed as interest and, depending on the trader's position, might be either charged to or credited to his or her account.
Traders of the Muslim faith, for whom the payment of interest is forbidden, are out of luck with Saxo Bank because they don't have the option of opening an Islamic account. With the wide variety of deposit currencies offered by Saxo Bank, customers will have a decreased chance of incurring conversion fees.
Amounts credited to your account are converted from their original currency at the mid-point FX Spot rate plus/minus the margins and spreads indicated below. This includes both trading fees and profits/losses incurred as a result of your trading activities.
Fees for account inactivity are also a reality for inactive accounts. After the initial six months, the rate increased to $150, which is quite a bit.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Saxo | Free | Free | $150 after six months of inactivity |
Interactive Brokers | Free | $0-$10 | $20/month if account balance < $2,000 |
TD Ameritrade | Free | Free | Free |
E*TRADE | Free | $0-$25 | Free |
IG | Free | Free | $18/month after 24 months of inactivity |
Plus500 | Free | Free | $10/month after 3 months of inactivity |
Saxo provides customer support through several channels, including phone, email, and social media (Facebook, LinkedIn, Twitter and YouTube). The broker offers 24/5 customer service in multiple languages, including English, Chinese, French, German, Italian, Japanese, Portuguese, and Spanish.
Saxo also provides a comprehensive help center on its website that includes an extensive knowledge base, FAQs, trading guides, and video tutorials. The broker's customer service is generally considered to be of high quality, with knowledgeable representatives who are responsive and helpful.
Pros | Cons |
• 24/5 customer service through multiple channels | • No 24/7 support service |
• Dedicated support for VIP clients | • Phone support may have long wait times |
• Extensive FAQ section on the website | • No dedicated account manager for non-VIP clients |
• Personalized support for complex trading needs | • No local offices in some countries |
• Multilingual support available for non-English users |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Saxo's customer service.
Saxo Bank provides excellent market research in addition to a wealth of instructional resources like video courses, webinars, and events. Saxo Bank's SaxoStrats Experts group consists of eight analysts and strategists who are tasked with providing coverage of the various asset classes available to customers. It's apparent that this broker places a high value on its research team and recognizes the significance of this service, both for its clients and as a global investment bank. The classes are a wonderful way for newcomers to get their feet wet and become acquainted with the resources that are at their disposal. Videos are easy to follow and understand, helping novice traders quickly get up to speed and lay a solid groundwork from which to expand their knowledge. Saxo Bank specialists will be hosting webinars.
In conclusion, Saxo is a well-established broker. The broker offers a wide range of trading instruments, including forex, stocks, options, futures, and CFDs, and provides access to various markets worldwide. Saxo also offers an advanced trading platform and a user-friendly mobile app, making it easy for traders to access the markets on the go.
While Saxo has some of the highest fees in the industry, the broker's competitive spreads and tight execution make it a popular choice for traders. Additionally, Saxo's robust educational resources and customer support make it an ideal choice for traders of all skill levels who want to improve their knowledge and skills in trading.
Overall, Saxo is a multi-asset broker that offers a comprehensive suite of trading tools and services to help traders achieve their investment goals. However, potential clients should carefully consider the fees and minimum deposit requirements before opening an account. Also, dont forget check their user reviews on the Internet.
Q 1: | Is Saxo regulated? |
A 1: | Yes. It is regulated by ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS. |
Q 2: | Does Saxo offer demo accounts? |
A 2: | Yes. |
Q 3: | Does Saxo offer the industry-standard MT4 & MT5? |
A 3: | No. Instead, it offers SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. |
Q 4: | What is the minimum deposit for Saxo? |
A 4: | The minimum initial deposit to open an account isHKD10,000. |
Q 5: | Is Saxo a good broker for beginners? |
A 5: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Aspect | Information |
Registered Country/Area | Saint Vincent and the Grenadines |
Founded Year | Not specified |
Company Name | Forex Club |
Regulation | NBRB |
Minimum Deposit | $10 |
Spreads | Starting from 0 pips |
Trading Platforms | Forex Club Terminal, MetaTrader4, MetaTrader5 |
Tradable Assets | Stock, foreign exchange, precious metals, indices, agricultural products, crude oil, natural gas, ETFs, cryptocurrencies, and more |
Account Types | Not specified |
Demo Account | Available |
Customer Support | Limited to email support |
Payment Methods | Bank transfers, VISA, JCB, Alipay, WeChat Pay, Skrill |
Educational Tools | live online, Training Courses, and Daily Faculty Information |
Forex Club is a regulated online forex broker based in Saint Vincent and the Grenadines. The company is licensed and regulated by the National Bank of the Republic of Belarus (NBRB), providing a level of credibility and trustworthiness. Forex Club offers a diverse range of market instruments, including forex, commodities, indices, and cryptocurrencies, and has a low minimum deposit requirement of $10. The broker supports multiple trading platforms, including their proprietary Forex Club Terminal, MetaTrader4, and MetaTrader5. They also offer a demo account for traders to practice and familiarize themselves with the platform. However, Forex Club has some disadvantages, such as limited customer support only through email, a lack of comprehensive educational resources, and a lack of information on specific account types. Overall, while Forex Club provides decent offerings, there are more comprehensive options available in the market.
Forex Club is a regulated online forex broker operating in Belarus. The company is licensed and regulated by the National Bank of the Republic of Belarus (NBRB). Its license number is 192580558. The NBRB is the regulatory agency responsible for overseeing financial institutions and ensuring compliance with regulations in Belarus. As a regulated broker, Forex Club is required to adhere to strict guidelines and standards set by the NBRB to provide a safe and secure trading environment for its clients. Traders can have confidence in the integrity and reliability of Forex Club's operations, knowing that the broker operates under the supervision of a reputable regulatory authority.
Pros and Cons
Forex Club has a diverse range of market instruments, providing traders with multiple options to choose from. Additionally, the broker offers a selection of trading platforms, giving users the flexibility to trade on their preferred interface. One advantage is that Forex Club operates under the regulation of NBRB, which ensures a level of trust and security for traders. Moreover, the low minimum deposit requirement of $10 makes it accessible for individuals with smaller capital to enter the market. To assist traders in honing their skills, Forex Club provides a demo account where they can practice and familiarize themselves with the platform. On a positive note, Forex Club offers commission-free investments in real stocks, allowing traders to save on trading fees. Additionally, the broker supports various deposit methods, providing convenience and flexibility for clients to fund their trading accounts.
However, it is important to note some drawbacks. Customer support is limited to email, which may cause delays in resolving issues and addressing concerns. Moreover, the educational resources provided by Forex Club are relatively limited, which may be a disadvantage for traders seeking in-depth learning materials and educational tools. Another drawback is the lack of information on specific account types, which may leave traders uncertain about the options available to them.
Pros | Cons |
Diverse range of Market Instruments | Customer support is limited to email |
Regulated by NBRB | Limited educational resources |
A low minimum deposit of $10 | Lack of information of account types |
Demo Account available | |
Offers commission-free investments in real stocks | |
Multiple Trading Platforms | |
Various deposit methods |
Forex Club provides you with the most popular trading products on the market, including Stock, foreign exchange, precious metal, index, agricultural products, Crude oil and natural gas, and ETF Online Trading.
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
Forex Club has a minimum deposit requirement of only $10. This minimum deposit amount was equivalent to ZAR 160 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing. Forex Club allows traders to fund their accounts via several different methods.
Forex Club offers demo accounts with €50,000 in virtual money, accessible through web and mobile apps. When registering for a demo account, users also sign up for a real account, but they need to make a deposit to access it. Switching between demo mode and real mode on the Forex Club website or app is simple, enabling users to capitalize on quickly changing market conditions.
To open an account with Forex Club, please follow these steps:
1. Visit the official website of Forex Club, which is https://fc-official.com/.
2. On the homepage, locate and click on the “Open an Account” or “Register” button. This will typically be displayed prominently on the website.
3. You will be redirected to the account registration page. Here, you will need to provide your personal information, such as your full name, email address, phone number, and country of residence. Ensure that all the information you provide is accurate and up to date.
4. Next, you will be prompted to choose the type of trading account you wish to open. Forex Club may offer different account types.
5. Once you have chosen your account type, you will need to agree to the terms and conditions of Forex Club.
6. Once your account has been successfully registered and verified, you will receive login credentials, including a username and password.
7. Log in to your Forex Club account using the provided credentials.
8. After logging in and setting up the trading platform, you can fund your account by choosing from the available payment methods provided by Forex Club.
Forex Club offers competitive spreads starting from 0 pips. Instead of charging spreads, the broker has opted to charge commissions on trades. Traders should carefully review the terms and conditions to understand the commission percentages and factors that may influence these changes.
Joining Forex Club is free, and there are no monthly trading fees. The only fees associated with trading are the commissions mentioned earlier. However, it's important to note that when trading financial instruments like forex, there may be additional charges such as overnight fees or swap fees when positions are held for longer than one trading day. Traders should be aware of these potential fees and factor them into their trading strategy.
Forex Club offers three trading platforms, its proprietary Forex Club terminal, as well as popular and well-known trading platforms on the market, including Meta Trader 4 and Meta Trader 5.
Forex Club terminal can easily invest and make money anywhere in the world, and quickly withdraw profits online.
Meta Trader 4 is considered the most popular trading platform in the world. Whether you are an experienced trader or want to maximize your trading profits, this platform is the best platform for you to trade.
Meta Trader 5 is the latest version of the most popular forex trading software. In the new version of the MT5 terminal, in addition to traditional foreign exchange currency pair transactions, you can also trade stocks, indices, crude oil & natural gas, agricultural products, digital cryptocurrencies, ETFs, and metals.
Forex Club offers traders various deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. Most deposit methods are processed instantly except for bank transfers that can take several hours on occasion. Traders must ensure that they verify whether their financial institution charges its own fees. Deposit into/Withdrawal from the Forex Club can be done in the following ways: Bank transfers, VISA, JCB, Alipay, Wechat pay, or Skrill.
The team at Forex Club strives tirelessly to ensure that traders have access to all the necessary information to effectively navigate and utilize their platform, thus maximizing their benefits. In the event that traders encounter any queries or concerns, they can always reach out to the dedicated customer support team. Simply send an email to support-china@fxclub.org, and rest assured that a response will be provided within one working day. It is important to note, however, that the customer support services offered by Forex Club are solely limited to email correspondence.
Forex Club provides a range of educational resources, including three types: live online sessions, training courses, and daily faculty information. These resources are designed to offer valuable insights and knowledge to traders. The training courses are developed and regularly updated to align with the current market realities, ensuring that traders receive the most relevant information. The Investment Academy's faculty and experts actively share their experiences and expertise through these courses, providing valuable guidance to traders.
Forex Club is a regulated forex broker based in Saint Vincent and the Grenadines. It is licensed and regulated by the National Bank of the Republic of Belarus (NBRB). It offers a diverse range of market instruments, including forex, commodities, indices, and cryptocurrencies, with a low minimum deposit requirement of $10. It supports multiple trading platforms, and provides a demo account for practice. However, Forex Club has limited customer support through email, lacks comprehensive educational resources, and provides little information on specific account types. The in-house trading platform may not match the standards of some competitors.
Q: Is Forex Club a legitimate broker or a scam?
A: Forex Club is a regulated online forex broker authorized by the National Bank of the Republic of Belarus (NBRB).
Q: What is the minimum deposit requirement for Forex Club?
A: Forex Club has a minimum deposit requirement of only $10.
Q: Does Forex Club provide a demo account?
A: Yes, Forex Club offers demo accounts with €50,000 in virtual money.
Q: What trading platforms does Forex Club offer?
A: Forex Club provides three trading platforms: their proprietary Forex Club terminal, MetaTrader4 (MT4), and MetaTrader5 (MT5).
Q: What are the deposit and withdrawal methods available at Forex Club?
A: Forex Club offers various deposit methods, including bank transfers, VISA, JCB, Alipay, Wechat pay, and Skrill.
Q: How can I contact customer support at Forex Club?
A: Forex Club offers customer support via email: support-china@fxclub.org.
Q: Is this broker well regulated?
A: Yes, it is currently effectively regulated by NBRB.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive saxo and forexclub are, we first considered common fees for standard accounts. On saxo, the average spread for the EUR/USD currency pair is -- pips, while on forexclub the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
saxo is regulated by ASIC,FCA,FSA,SFC,AMF,CONSOB,FINMA,MAS,AMF,DFSA,ASIC. forexclub is regulated by NBRB.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
saxo provides trading platform including VIP account,Classic account,Platinum account and trading variety including --. forexclub provides trading platform including -- and trading variety including --.