Forex Club Fx Broker-Full Rating Analysis (v.2)
Forex Club Forex Broker General Rating
Forex Club RATING SUMMARY | ||
MAX | ACHIEVED | |
1.Reliability | 28.00% | 25.55% |
2.Competition | 30.00% | 21.00% |
3.Trading-Options | 26.00% | 14.00% |
4.Technology | 16.00% | 9.50% |
Overall Rating | 100.00% | 70.05% |
Forex Club Analysis Rating
FOREX CLUB RATING ANALYSIS | ||||
TOTAL RATING | 100.0% | Forex Club Rating | ||
Weight Analysis | Factor Analysis | 70.05% | ANALYSIS | |
1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 25.55% | Forex Club Reliability Analysis |
1.1 Forex Club Level of Regulation | 12.00% | FSC (BVI)=1.0%, CYSEC=3.0%, FFMS=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, NFA=6.0%, CFTC=6.0%, FINMA=8.0% and MiFID=+4.0% | 12.00% | CFTC, NFA (No 0358265) and FFMS (No 1564) =max rating |
1.2 Forex Club Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 5.00% | New York, USA =5.0% |
1.3 Forex Club Years in the Market | 4.00% | 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% | 3.00% | Forex Club Ltd went Online in 2005, 7-10 years =3.0% |
1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 2.00% | US Residents are welcomed at Forex Club |
1.5 Forex Club Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 3.55% | FPA=4.5 / 5.0, EarnForex= 5.2 / 10.0, Total= 7.1 / 10 = 3.55 / 5 |
2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 21.00% | Forex Club Competition Analysis |
2.1 Forex Club Offering Spread (EUR/USD) | 12.00% | EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.70=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 | 11.00% | Forex Club minimum EUR/USD Spread is 0.6 pips = 2.0% |
2.2 Forex Club Commissions on Trading | 7.00% | No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0 | 3.00% | Yes, some commissions are charged by Forex Club |
2.3 Forex Club Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 0.00% | Yes, commissions are charged on withdrawal |
2.4 Forex Club Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 2.00% | No Maintance Fees |
2.5 Forex Club Rate of Leverage | 4.00% | 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% | 2.00% | 1/200 Leverage on all Accounts=2.0% |
2.6 Forex Club Customer Service Quality | 3.00% | 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% | 3.00% | Live Chat, Phone, and Skype= 3.0% |
3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 14.00% | Forex Club Trading Analysis |
3.1 Forex Club Availbale Forex Currencies | 8.00% | 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 | 8.00% | 22 Forex Currencies for Regular Accounts and 50 Forex Currencies for MT4 Accounts= max |
3.2 Forex Club Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 2.00% | 10 Commodities=1% and CFDs=1.0%, Total = 2.0% |
3.3 Forex Club Bonus / Rebate Rate | 8.00% | Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 | 2.00% | Forex Club offers Deposit Bonus of 10%, Rating=2.0% |
3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 0.00% | No Scalping |
3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 0.00% | No Hedging |
3.6 Forex Club Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 1.50% | 3 Methods = 1.5% |
3.7 Forex Club Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 0.50% | 1 Method (Bank Wire) =0.5% |
4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 9.50% | Forex Club Technological Analysis |
4.1 Forex Club Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 4.00% | 4 Platforms Available = 4.0 % |
4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 0.00% | No API available |
4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | Yes signals from ZuluTrade and Tradency = 2.0% |
4.4 Forex Club Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 1,5% | Android, iPad and iPhone Mobile Applications = 1.5% |
4.5 Forex Club MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes MT4 available = 1.0% |
4.6 Forex Club Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 2.50% | Medium Innovation (Many Platforms, Automated Trading, Low spread, Many assets on MT4) = Total 2.5% |
Forex Club Rating Analysis
Online Forex (2012)