Retail Forex License
The team’s site visit confirmed the the existing office place of ForexClub at the regulatory address. However, the office place bears the logo of Libertex, and it is learned that ForexClub and Libertex refer to the same company. Thorough consideration is suggested for making any choice.
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The National Bank of the Republic of Belarus(NBRB) is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" , but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union. The bank's activities are regulated in the Banking Code enacted in October 25, 2000. Article 25 of the Banking Code, provides that one of the main functions of the NBRB is to ensure efficient, reliable and safe functioning of the interbank settlement system, and prescribes procedures for cash and non-cash settlements in the Republic of Belarus.
License Type:Retail Forex License
Regulated in Country/AreaBelarus
Regulatory License No.：192580558
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :220030, Minsk, Nemiga St. 5, office 503
Phone Number of Licensed Institution :+375 33 905 22 20
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General Information & Regulation of Forex Club
Founded in 1997, Forex Club has more than 20 years of experience in financial markets and online trading, serving 2.2 million clients from more than 110 countries. Forex Club is authorized and regulated by the Cyprus Securities and Exchange Commission (Registration No. 164/12) and the National Bank of Belarus (Regulation No. 192580558).
Market Instruments of Forex Club
Forex Club offers investors more than 250 trading assets, including Forex currency pairs, indices, stocks, metals, agricultural products, crude oil and natural gas, and ETFs online.
Minimum Deposit of Forex Club
Forex Club has three trading platforms and, therefore, three types of trading accounts: Libertex, MT4, and MT5. The minimum initial deposit to open a Libertex account is equal to $10, which is much lower than most brokers' initial account opening requirements.
Leverage of Forex Club
The maximum leverage available is up to1：1000，which is considered high. Traders, howeve, should be careful, because high leverage level may lead to heavy fund losses,exceeding initial investment.
Spreads & Commissions of Forex Club
Forex Club's fixed spreads are above average, amounting to 3 pips for the EUR/USD pair. Its variable spreads, the ones on the MT4 (market execution) start from 0.2 pips and involve a commission of $4. So the minimum trading costs per standard lot are around 1 pips for this pair.
Trading Platforms of Forex Club
Forex Club offers traders the main trading platforms Libertex, MT4, and MT5. The Libertex trading platform allows investors to quickly withdraw profits online from anywhere in the world, with free practice and a $50,000 demo deposit when signing up for a demo account. MT5 is the latest version of the most popular forex trading software. In addition to traditional forex currency pairs, the new MT5 terminal allows investors to trade stocks, indices, crude oil & natural gas, agricultural products, digital cryptocurrencies, and more.
Deposit and withdrawal of Forex Club
Forex Club Forrest supports traders to deposit and withdraw funds from their investment accounts via UnionPay, VISA, JCB, MasterCard, Alipay, WeChat, Bitcoin, and Skrill.
Traders needing assistance from FX Clubs staff can receive direct responses 24/5 via phone, chat and email. We tested all three of these services and were extremely pleased with the results. Although it took the team about 10 hours to answer our email.
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Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.