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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|


Rating Index




Average transaction speed (ms)

254.3 Great


Full License

ForexClub-MT4 Market Real 3 Server




Influence index NO.1

Ukraine 8.57
The WikiFX Score of this broker is reduced because of too many complaints!







MT4/5 Identification

MT4/5 Identification

Full License

Server Name
ForexClub-MT4 Market Real 3 Server MT4
Server Location China




Influence index NO.1

Ukraine 8.57

Surpassed 36.20% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

The Financial Services Centre, P.O. Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines


VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



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Broker Information


Company Name

Forex Club International Limited

Company Abbreviation

Forex Club

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint


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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)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
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
Updated: 2023-12-08 01:12:00

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Pyramid scheme complaint

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

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
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

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


    Stop Out Symbol Distribution

    6 months


    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 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.


    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.


    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.


    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

    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, 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.



    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.


    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:

    Q: Is this broker well regulated?

    A: Yes, it is currently effectively regulated by NBRB.


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    User Reviews

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    Write a review

    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
    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
    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
    more than one year
    my picture boy water stylish picture star lovely
    2022-12-25 23:15
    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
    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
    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
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