The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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
Most visited countries/areas
The data are from WIKI Research 2021.07.27 updated
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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.
Accounts & Leverage of Forex Club
Forex Club has three trading platforms and, therefore, three types of trading accounts: Libertex, MT4, and MT5. The maximum leverage for MT5 Market Execution and MT5 Live Execution accounts is 1:500.
Spreads & Commissions of Forex Club
Libertex accounts charge spreads as commissions and transaction fees starting at 0.03%. MT4 accounts have spreads starting at 0 pips and transaction fees starting at $0.04. MT5 Market Execution has spreads starting at 0 pips and fees starting at $0.07. MT5 Live Execution accounts have spreads starting at 0.6 pips and no fees.
Trading Platforms Available 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.
The main disadvantages of Forex Club Forres are:
Spreads not transparent on Libertex (only intermediate prices are available)
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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.
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