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The WikiFX Score of this broker is reduced because of too many complaints!
Forex Club
Saint Vincent and the Grenadines|10-15 years| Benchmark AA|Regulated in Russia|Retail Forex License|MT4/5 full license|Global Business|Russia Retail Forex License Revoked|High potential risk|
https://www.fcofficials.com/
Website
Rating Index
Benchmark
Benchmark
AA
Average transaction speed (ms)
254.3 Great
MT4/5
Full License
ForexClub-MT4 Market Real 3 Server
China78
Influence
AA
Influence index NO.1
Ukraine 8.57The WikiFX Score of this broker is reduced because of too many complaints!
Benchmark
Speed：AAA
Slippage：A
Cost：AAA
Disconnected：AAA
Rollover：B
MT4/5 Identification
MT4/5 Identification
Full License
78
Server Name
ForexClub-MT4 Market Real 3 Server MT4
Server Location China
ChinaInfluence
Influence
AA
Influence index NO.1
Ukraine 8.57Surpassed 36.20% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index
Contact
support-china@fxclub.org
https://www.fcofficials.com/
The Financial Services Centre, P.O. Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
Forex Club International Limited
Company Abbreviation
Forex Club
Platform registered country and region
Saint Vincent and the Grenadines
Company website
- https://www.fcofficials.com/
- https://fc-official.com/
- https://www.forexclub-online.com/
- https://forexclub-global.com/
- https://www.fxclubgroup.com/
- https://www.forexclub-china.com
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
WikiFX Risk Alerts
3
Previous Detection :
2023-12-09
- The number of the complaints received by WikiFX have reached 46 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- RussiaCBR (license number: 045-13997-020000) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
Forex Club · Benchmark
Average transaction speed(ms)
254.3
Great
The highest transaction speed(ms)
241
The highest speed of opening positions(ms)
241
The highest speed of closing position(ms)
0
The lowest speed of opening positions(ms)
278
Perfect
The lowest speed of closing position(ms)
0
Perfect
Ranking：
31 / 130
Test user
218
Orders
2,727
Ocuppied margin
$987,718 USD
Data Source 
WikiFX Data provide
WikiFX Data provideUpdated: 2023-12-08 01:12:00
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Exposure
59 pieces of exposure in total Pyramid scheme complaint
Expose Unable to withdraw
Unable to withdraw
The platform did not reply the emails and was likely to run away.
2021-10-09 15:01
Others
Maliciously liquidated, the margin is not yet lost before the early maliciously liquidated. After the liquidation, the market situation is reversed.
Maliciously liquidated, the margin is still 60 U.S. dollars, in advance of maliciously liquidated. After the liquidation, the market situation is reversed. the liquidated mechanism randomly messed up, causing me to liquidate!
2023-10-09 21:17
Severe Slippage
Two years ago, due to severe slippage in ForexClub, the account liquidation of US$5,400 has not been resolved yet!
On March 13, 2021, ForexClub suffered serious slippage, causing the account to be liquidated. I sent an email to the platform, and they admitted that the data was wrong, but they refused to resolve it. No solution or compensation for losses has been provided so far. This is all the hard-earned money of customers who trust you. Is your platform worthy of your customers? Who would dare to use such a platform?
2023-09-13 15:58
Others
Server is down, resulting inability of operation. The platform shirks the responbility and refuses to compensate
At 20:24 on September 13, 2022, the server was paralyzed and could not perform any operations, and it did not recover until 20:35. After recovery, the account was directly liquidated. The same situation happened to more than a dozen people in the group. I immediately contacted the platform's customer service to deal with it. After providing the platform transaction log and other supporting materials according to the requirements of the customer service, I was told that I logged in to other accounts during the server crash and the operation was successful, but I only opened one account on the platform. I used this for various reasons in the future It has been more than four months since I refused to compensate, and it has not been resolved for me.
2023-02-10 03:45
Unable to withdraw
Unable to wtihdraw
The fund cannot be withdrawn after deposit. The customer service manager always wants me to deposit more.
2022-02-11 12:15
Resolved
Maliciously liquidate orders
On November 23, 2022, at 15:30 on the Forex platform, all gold pending orders liquidated in seconds, both long and short. It can be liquidated in seconds, the platform reply is waiting to be processed. It has been 10 days, and nothing has been done
2022-12-02 17:12
Scam
Libertex stole $2665 from me
Libertex has debited me without any explanation 2665 dollars I wrote to support and they never gave me an answer why they debited me that money. supposedly it is a trading correction???? In other words, they can take the funds from any client and nothing happens, the Sycec that regulates it does nothing, they are other thieves who are useless, I am attaching evidence there and I hope that one day they will return my money
2022-12-01 13:55
Others
Arbitrarily tamper with background data to force liquidation
Forex club even used such an inferior method to modify the data in the background to arbitrarily settle the customer's order. Let's take a look at 16:00 on October 18th (the time on Forex MT4). I calculated a proportion to place the last order to lock the position, and burden all the price fluctuations of the K-line during the whole hour of 18:00. At 23:00, the price fluctuation of the K-line for the whole hour was completely within the range of 18:00. At 18:00, all prices were resisted, and Forex was able to force the liquidation of the position, which was a terrible operation. If they cannot win the hedging, they will change the data,. I have contacted the customer service and still do not want to compensate for my losses. so nasty. I hope you stay away from this fraud platform
2022-10-28 14:58
Others
Deposit
Deposit is not allowed. The deposit page cannot be opened and it usually causes the inability of operation.
2022-02-04 07:05
Unable to withdraw
Unable to withdraw
When withdrawing money, you need to authenticate your bank card. But after filling in the bank card, the next application still needs to be filled in, and there is no approval process error to inform me. I emailed customer service and they didn't reply. I feel that the platform has run away, and only the function of depositing money is left.
2023-09-07 00:52
Others
Forexclub liquidate to cause loss of over 50k dollars due to inability of deposit
On June 14th, you can make normal deposits during the day, but you cannot make normal deposits at night, which will lead to liquidation. The platform also admits that the platform restricts deposits. Contacted customer service many times, but no feedback. I've been waiting for the technical department to inform me. It was not until July 6 that the US dollar broke through and the technical department responded, and the order could be resumed, but it would take more than 20,000 US dollars to keep it.
2022-07-08 11:29
Scam
They stole $5877 from me for no reason
They stole $5,877 dollars from me, they are scammers... I had $14,143 in my trading portfolio and when I tried to withdraw part of my capital, Libertex rejected my withdrawal..... After a few hours, they debited me $5,877, I filed a claim and they told me that it is a trading correction as you can see in the image..... Trading correction???.... 2 months have passed and my money was never returned, have I lost it or have I been 5877 dollars stolen from my working capital libertex is the worst broker I have come across please listen to my message and stay away from Libertex or Forex club nobody controls them their regulation is useless because I wrote to CYSEC And neither do I they paid attention so their regulations are just ghosts.... Maybe you think you are making money but when you raise an amount of money libertex will take it all from you and they will simply make any excuse to cover their theft.... My name is Ana Cecibel Patiño Pullaguari and my Libertex account number is 1700679747... I leave my details to hope that one day Libertex will return my money, otherwise my complaint will never be eliminated....... Libertex says that according to its rules the funds were debited to my account because other clients lost money and bonuses so libertex takes the profit from other traders that is totally illegal
2022-11-29 22:57
Others
Trash platform, stop scamming others
The system does not close the position which causing loss. I made a long order and it was useless for 50% liquidation
2021-12-26 20:38
Unable to withdraw
Forex club is a fraud platform that do not withdraw principle after loss
Deposit and trade at Frorex. I lost some money after a month and want to withdraw the rest 3600 dollars for emergency. Then, they delay my withdrawal. Ask me to upload driver liscense and personal ID in my hands. It takes 4 or 5 times for over ten days and still does not met theri requirement. This platform will abscond, everyone withdraw now.
2022-08-25 20:44
Severe Slippage
Serious slippage. The customer service claims that it is normal
Yesterday I placed orders fo GBPNZD at 1.90861 for 5 orders, and then the platform to help me into the single into is 1.89795 bit slippage nearly 1000 points, and yesterday GBPNZD bit directly in the 1.90800 bit, there is no 1.89795 nor which line to this bit, resulting in me into 0.5 received a direct loss of 400 U.S. dollars, hanging a total of 5 single into A total of 5 single into the 3 single, resulting in my loss of 1000 U.S. dollars, your platform slippage a few points I also admitted, you slippage so much directly lead to account loss so much, but also said it is normal, this is not a strike pit people?
2023-01-03 14:14
Scam
Frequently freeze the account and unable to operate
I traded on this platform for two months. The withdrawal usually arrives in one working day. The platform is 50% out of position. On the 15th, the deposit is 856 US dollars, and the full amount is transferred, but I only received 781 US dollars and I made a 1.2 lot NQ. I reported to manager and the account was frozen directly. At that time, the position could not be closed when it was profitable. The company gave me a solution feedback that it recharged my account with 856 US dollars, but I could only carry losses and cannot withdraw with these balance. If the 1,637 US dollars lost, there would be nothing left. Fortunately, the index came up later. Even more weird, when I traded the pound against the US dollar on the 17th, the account balance was 4,178.64 US dollars, the loss reached 50%, the forced liquidation of 8 lots of 1064 US dollars, and 32 US dollars handling fee. The account balance still has 3,082.64 US dollars, and the mobile phone has 15 lots long orders of GBP/USD. Later, the system did not liquidate at 50% at night, and the position could not be closed mannually. These 15 lots remained until the market closed, and the loss reached less than 1% of the margin which is only $32 and is not enough for the handling fee. It will be forced to liquidate the position on the 20th. The more weird thing is coming. I gave feedback to their technical department and told me that after the liquidation of 8 lots of 1064 US dollars, my account balance was only 1986.65 US dollars. Then my other 15 lots lost 3,300 US dollars. Where did the extra 1,000 come from?
2021-12-28 01:17
Total Margin Trend
- VPS Region
- User
- Products
- Closing time
Seoul- 813***
- AUDUSD
- 12-08 02:38:04
- Seoul
- 360***
- USDCAD
- 12-08 02:38:11
Tokyo- 594***
- NZDUSD
- 12-05 03:04:03
Stop Out
0.76%
Stop Out Symbol Distribution
6 months
Sources
Data Source 
WikiFX Data provide
WikiFX Data provideUpdated: 2023-12-09
Forex Club · Company Summary
| 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 |
Overview of Forex Club
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.
Is Forex Club legit or a scam？
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 |
Market Instruments
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.
Minimum Deposit
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.
Demo Account
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.
How to Open an Account？
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.
Spreads & Commissions
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.
Additional Trading Fees
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.
Trading Platform
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.
Deposit & Withdrawal
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.
Customer Support
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.
Educational Resources
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.
Conclusion
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.
FAQs
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.
User Reviews
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8
CommentsWrite a review
AAAA201253
more than one year
The spread is not high, deposits and withdrawals are relatively fast, and commissions are always normal.
2023-09-04 11:42
贵族丶番茄
more than one year
Hello. I'm really confused. There are many reviews of 5 green stars and also one star red. I just opened my account yesterday. When I read these reviews many different experiences, I don't know really to continue or not.
2023-02-23 13:43
FX1241340578
more than one year
Actually, every time I see a fprex broker registered in Saint Vincent and the Grenadines, I will just go away to avoid scams. This forex club is not an exception either! Some people have got scammed.
2023-02-16 10:01
khurramkhan26860000@
more than one year
my picture boy water stylish picture star lovely
+3
2022-12-25 23:15khurramkhan26860000@
more than one year
please write your comment very wonderful apps lovely wonderful job I am agree wonderful excellent bahut pasand hai bhai yah bahut acchi hai
2022-12-25 23:12
用一身素颜玲听半世伤
more than one year
This company Libertex looks great, but it doesn't seem to have an English interface... I don't think I'll have a chance to experience their services.
2022-12-20 10:59
Miller1995
more than one year
ART. 5.8 (The Company reserves the right to cover its losses (partially or totally) by using the profits made by the Client on the Trade made in the opposite direction using the Trading Account or trading accounts registered for that Client or any person related to him / it, as long as the Company's specialized software tools can establish a link between the Accounts in question.In Conclusion - Libertex does what it wants
2022-12-03 09:01
Luisa Cardenas
more than one year
lousy broker they are thieves with ties listen to me do not use this broker
2022-12-01 13:49 59
