Forex Club Broker Review 2025

Forex Club offers various account types, such as MT4, MT5, and Libertex, each with a minimum order size of 0.01 lot.

The broker allows deposits via several methods, including Neteller, Skrill, Master Card, Visa Card, and Bitcoin, which provides traders with flexibility.

Forex Club Company Information & Regulation Status

ForexClub is a group of financial companies based in St. Vincent and the Grenadines, operating in the retail foreign exchange and CFD trading market since 1997. Key points about the company:

• Established presence: ForexClub has a long-standing reputation, particularly in the CIS region;
• Regulatory challenges: The company has recently faced various regulatory and compliance issues;
• Regulatory status: The company no longer holds a license in Russia after its license was revoked in 2018;
• Offshore registration: Forex Club's offshore registration raises concerns about its regulatory oversight and reliability.

With an international footprint spanning over 120 countries and more than 3 million registered users, the company has established notable operational hubs, including one in New York City.

Forex Club is regulated in several jurisdictions, including oversight by the National Bank of the Republic of Belarus under license number 192580558, which supports its legitimacy. In the United States, the broker was previously regulated under the CFTC and had a compliance history with the NFA.

However, it is worth noting that in 2012, Forex Club faced a $300,000 fine from the NFA for regulatory violations. Despite this, the broker continues to operate with regulatory credentials in key regions, although users should verify the active status of licenses based on their country of residence.

While Forex Club was once considered a leading retail forex broker, its current status has declined due to regulatory challenges and mixed user experiences.

Forex Club Broker Summary of Specifics

The forex broker operates in the over-the-counter (OTC) markets, offering a decentralized platform for trading various financial instruments. Key features:

While Forex Club offers flexibility and access to a wide range of investment opportunities, it's important to note that OTC markets come with significant risks. These include higher volatility, less transparency, and increased susceptibility to fraud.

ForexClub Types of Accounts

Forex Club, also known as Libertex, supports three main account types, denominated in USD and EUR. The minimum deposit for either is set at $10, making the broker relatively accessible. Each account allows for a minimum trade size of 0.01 lots and features a 20% liquidation margin.

Forex Club's versatile account offerings cater to both beginner and experienced traders, providing a range of options for various trading strategies and preferences.

Forex Club’s Advantages and Disadvantages

Here's a balanced overview of Forex Club's pros and cons:

While Forex Club offers some attractive features, the need for solid regulations and recent user complaints are significant concerns traders should consider carefully before opening an account.

Forex Club Signing Up & Verification Guide

The Forex Club registration is a quick 4-step process that grants access to features like up to 1:1000 leverage, spreads from zero, and a minimum deposit of just $10. Whether you're trying a demo account or starting with real capital, the process is designed to onboard you within minutes.

#1 Begin Registration

Visit the official Forex Club website and click the “Start Trading” button to initiate account creation.

#2 Choose Account Type

Select between a demo account for practice or a real account for live trading with actual funds.

#3 Fill Out Personal Details

Provide your personal information, including:

• Country
• City
• Email
• Phone number
• Password

Accept the terms to continue.

#4 Confirm Your Email

Check your inbox for a message from Forex Club and click the email confirmation link to activate your account.

#5 Complete the KYC Procedure

Provide additional information and supporting documents, including:

• Proof of ID: Passport or Driving license
• Proof of Address: Utility bill or Bank statement

Trading Platforms

ForexClub offers a variety of popular trading platforms to suit different trader preferences:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• Libertex (proprietary platform)
• Mobile app

Forex Club's diverse platform offerings cater to traders from all levels, providing tools and features for various trading styles.

MT4 is recommended for beginners due to its ease of use, while MT5 offers deeper analytical capabilities for more advanced traders. The availability of both platforms enhances flexibility for all user levels.

TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.

ForexClub Spreads and Commission Structure

ForexClub offers competitive pricing through its various platforms:

• Spreads: Starting from 0.0 pips
• Commissions: From 0.03% (on the Libertex platform)

Traders should carefully review the fee structure for their chosen instruments and platform, as rates may vary depending on the asset type and trading conditions.

Deposit & Withdrawal Methods

Forex Club, just like the other forex brokers, offers several methods for account funding and withdrawals:

• Neteller (USD)
• Skrill (USD)
• Master Card
• Visa Card

The minimum deposit is set at $100. While deposit processing is typically smooth, user feedback highlights recurring withdrawal delays, a key concern for clients who prioritize operational efficiency and timely fund access.

Always double-check deposit details before confirming any transactions.

Copy Trading & Investment Options Offered by ForexClub

Forex Club offers copy trading functionality, allowing investors to automatically replicate experienced traders' trades. This feature provides several benefits:

• Novice traders can benefit from the knowledge of seasoned professionals;
• Eliminates the need to develop and execute complex trading strategies;
• Ability to copy multiple traders across various markets and instruments.

While copy trading can be an attractive option for some investors, it's important to remember that past performance doesn't guarantee future results, and all trading carries inherent risks.

Tradable Markets & Symbols Overview

Forex Club provides access to a range of markets, including the forex market, commodities (energies and precious metals), and indices. However, it does not currently support shares, ETFs, bonds, or mutual funds.

• Forex: Major pairs, minors, and exotics
• Stocks: CFDs on global equities
• Indices: Major stock market indices
• Commodities: Oil, Gas, metals, and agricultural products
• Cryptocurrencies: Bitcoin, Ethereum, and others

Leverage options vary by asset type, with forex and indices offering up to 1:1000, metals up to 1:500, and energies up to 1:400. This high-leverage setup may appeal to aggressive traders but also poses elevated risk, especially for inexperienced users.

Bonus Offerings and Promotions

ForexClub offers an attractive 100% Welcome Bonus for new clients. The broker also offers an IB Program with significant advantages. Here are the benefits:

• Higher Rebates & Flexible Cycles
• Multiple Regulatory Choices
• Advanced Agent Portal
• Multi-Level Agent Support
• Comprehensive Business Support
• Technical Analysis Tools

While these offers can be appealing, traders should carefully review the associated terms and consider how they align with their trading goals and risk tolerance.

You can use TradingFinder's Rebate Calculator to get an estimate of your cashback earnings.

Forex Club Support Team

Forex Club provides customer support through various channels:

• Email: china@help.fxclub.org
• Ticket system
• Live Chat

Support is typically available in multiple languages to cater to Forex Club's international client base. However, the quality and responsiveness of support may vary based on recent user reviews.

Forex Club Broker List of Restricted Countries

ForexClub does not provide clear information regarding its list of restricted countries directly on its website. But since the offshores brokers are not allowed to provide any services to certain countries, we can name some of them in the following:

• USA
• Canada
• Australia
• UK

Trust Scores & Reviews

ForexClub has faced regulatory challenges and received mixed reviews in recent years, so trust scores and reviews should be approached with caution. While the broker has a long history in the industry, recent developments have raised concerns about its reliability and trustworthiness. Traders are advised to:

• Research current regulatory status;
• Read recent user reviews from multiple sources;
• Consider the potential risks associated with offshore brokers;
• Compare Forex Club's offerings with those of more strictly regulated brokers.

Unfortunately, based on our recent research about the broker, Forex Club appears to have no reviews on the Trustpilot website. Remember that trust scores and reviews can provide valuable insights, but they should be just one factor in your decision-making process when choosing a forex broker.

Education on Forex Club

ForexClub broker has dedicated an educational section to its website (Investment Academy), but there is no content available there yet. It’s expected of them to publish rich content with the following:

• Comprehensive courses
• Trading webinars
• Market analysis
• Video tutorials
• E-books and articles

These educational materials can be valuable for traders looking to enhance their skills and knowledge.

You can check TradingFinder's Forex education section for additional resources.

Forex Club vs Other Brokers

Let's compare Forex Club's offerings with other popular brokers:

Conclusion and final words

Forex Club’s commission structure is competitive, starting at 0.03% on Libertex. The broker provides a maximum leverage of 1:1000 for its accounts.

However, concerns must be considered about its mixed user reviews, lack of top-tier regulatory oversight, and restricted countries (such as the USA, Canada, Australia, and the UK).