Okay for small trades, but the costs add up

Name: Okay for small trades, but the costs add up
Item: Forexclub
Rating: 3
Author: Ahmed Al-Mansoori

I’m Ahmed from Sharjah. I opened a Standard account and traded mostly EUR/USD and gold with small position sizes. Platform access was smooth and I didn’t face major technical issues, but I noticed that the overall trading costs (spread/fees depending on the instrument) felt higher than I expected when I started doing more frequent entries. Deposit was straightforward and credited quickly. Withdrawal worked, but it wasn’t as fast as I’m used to—nothing dramatic, just a couple of extra business days and I had to double-check the status in my portal. Support replied politely, but the answers sometimes felt scripted, so I had to follow up to get a clear explanation. Not a bad experience, just not the best value for my style.

Experience: 6 months
Country: United Arab Emirates
Account type: Standard
Deposit experience: 4/5
Withdrawal experience: 3/5
Support rating: 3/5

More reviews of Forexclub

Ananya GuptaUnverified

6 months

Mostly smooth execution, onboarding could be clearer

I’m Ananya from Bangalore and I’ve been trading part-time alongside my day job. My overall experience with ForexClub has been positive, especially on regular EUR/USD and GBP/USD sessions. Order execution feels consistent most days and the platform hasn’t given me any major stability issues. The only reason I’m not giving 5 stars is the onboarding flow. The account verification steps were not explained very clearly inside the dashboard, so I had to double-check what documents were needed and where to upload them. Once it was approved, things improved and I could focus on trading instead of paperwork. Spreads look reasonable for my style (short intraday trades), but during high-volatility news the pricing widens, which is expected. I also wish the reporting page made it easier to export a clean monthly P&L summary for my own tracking. Support was responsive when I asked about leverage and margin requirements, and they gave a straightforward answer without pushing me to deposit more.

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Neha NairVerified Review

6 months

Decent platform, but the small frictions add up

I’m Neha from Bangalore and I’ve been using Forexclub on a Standard account for about 6 months. The charting and order placement are mostly smooth and I didn’t face any major platform outages during my trading hours. Spreads felt okay on majors on normal days, but during fast moves the pricing and execution can feel a bit less predictable than I’d like (not terrible, just something you notice when you scalp). Deposit via card worked on the first try and the account crediting was quick. Withdrawals did reach me, but the processing time was inconsistent—sometimes it was handled quickly, other times it took longer with no clear status updates in the portal. Support was polite and they replied, but I often had to follow up to get a straightforward answer. Overall it’s usable and not a disaster, but I wish they improved transparency around withdrawal status and gave clearer explanations on fees/processing timelines.

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Vikram SinghVerified Review

6 months

Decent execution, but the fees page needs to be clearer

I’m Vikram Singh from Pune and I’ve been trading part-time alongside my job. I used Forexclub mostly for EURUSD and XAUUSD on a Standard account. Order placement is smooth and I rarely see re-quotes, which is a big plus for me during London session. Deposit via card/UPI worked on the first try, and funds reflected quickly. The trading platform is stable on my laptop, and mobile is okay for monitoring. What I didn’t like is that the costs are spread across different pages—swap/overnight charges and some account conditions weren’t obvious until I checked statements. Also, support is polite but sometimes replies feel templated, so you have to ask follow-up questions to get a straight answer. Overall, it’s a solid broker for regular trading, just be ready to read the fine print on charges and keep screenshots/notes for your own tracking.

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Ahmed KhanUnverified

6 months

Decent execution, but the portal feels dated

I’ve been trading from Dubai for a while and opened a Standard account to test Forexclub with small size first. Spreads on majors were generally reasonable during normal market hours and order placement was straightforward. I mostly traded EUR/USD and XAU/USD intraday and didn’t notice any major weirdness with fills, aside from the usual widening around news. The main downside for me is the overall client area experience—it works, but it feels a bit old-school and I had to click through multiple pages to find basic history/export options. Support was polite and answered my questions, but some replies felt templated and I had to follow up to get a clear step-by-step. Deposits were smooth for me. Withdrawals arrived, but not as fast as I expected, so I’m giving that part a slightly lower score. Overall: workable broker if you know what you’re doing, just don’t expect a super modern UX.

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Okay for small trades, but the costs add up