Forex Club
fx central clearing
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Overview
Forex Club was founded in 2008 and is headquartered in Russia, while fx central clearing was established in 2015 and is based in Portugal. Forex Club holds licences including Cyprus Securities and Exchange Commission (CySEC), while fx central clearing is regulated by Financial Conduct Authority (FCA) among others. Forex Club serves 10,000+ clients worldwide; fx central clearing has 30,000+. The minimum deposit is $100 at Forex Club and $250 at fx central clearing.
| Feature | Forex Club | fx central clearing |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F234 |
| Founded | 2008 | 2015 |
| Country | Russia | Portugal |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between Forex Club and fx central clearing, directly affecting your bottom line as a trader. Forex Club has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fx central clearing). Neither broker charges withdrawal fees. fx central clearing applies inactivity fees on dormant accounts; Forex Club does not. Overall, Forex Club scores higher on fees in our assessment.
| Feature | Forex Club | fx central clearing |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex Club offers MT4, MT5, cTrader, while fx central clearing supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Club supports social and copy trading features, which fx central clearing does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Club | fx central clearing |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,WEB,desktop | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Club and fx central clearing compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Forex Club scores higher overall in education and research.
| Feature | Forex Club | fx central clearing |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Club accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while fx central clearing supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx central clearing uniquely supports PayPal and Skrill and Neteller among the two brokers. fx central clearing scores higher on deposit and withdrawal flexibility.
| Feature | Forex Club | fx central clearing |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Forex Club and fx central clearing offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Club supports 2 languages and fx central clearing supports 8, giving fx central clearing broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Club | fx central clearing |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |