All Share (J203) = 93 135
Rand / Dollar = 17.98
Rand / Pound = 24.15
Rand / Euro = 20.30
Gold (usd/oz) = 3 300.46
Platinum (usd/oz) = 1 082.42
Brent (usd/barrel) = 64.12
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Forex Club Review

FX Club Review

 

Overall Forex Club can be described as low risk and has an overall rating of 6 out of 10. Forex Club offers a maximum leverage ratio of 1:600 with a minimum deposit amount of $500/R8000.

 

Forex Club at a glance

🔍 Broker's nameFOREX CLUB
🏛 HeadquartersSt Vincent and the Grenadines
📅 Year founded1996
🏛 Regulating AuthoritiesNone
🌐 Countries not accepted for tradeUS
📒 Demo accountYes
☪️️ Islamic accountNot indicated
📒 Institutional accountYes
💻 Managed accountsYes
📊 Maximum leverage1:600
💳 Minimum depositSilver: $0 – $500 deposit
Gold: $500 – R5 000 deposit

Platinum: $5 000 – $50 000 deposit

Diamond: R50 000 – $500 000 deposit

Exclusive: R500 000 + deposit
➕ Deposit optionsCredit cards, Bank transfer, Skrill, Qiwi Wallet, Webmoney, Yandex, Moneta.ru, Neteller
➖ Withdrawal optionsCredit cards, Bank transfer, Skrill, Qiwi Wallet, Webmoney, Yandex, Moneta.ru, Neteller
📊 Tradeable assets offeredForex, 44 currency pairs, 128 CFDs, Social trading, Cryptocurrency.
💬 Languages supported on websiteRussian, English, Chinese, Portuguese, Spanish, Ukrainian, Vietnamese
💬 Customer support languagesRussian, English, Chinese, Portuguese, Spanish, Ukrainian, Vietnamese
💻 Platforms providedMT4, Libertex, Rumus
📲 OS CompatibilityDesktop, web, smartphones, tablets
☎️ Customer service hours24/5
👉 Open a account👉 Click Here

 

Min Deposit

USD 500

Regulators

Not Regulated

Trading Platform

MT4, Libertex, Rumus

Crypto

Yes

Total Pairs

44

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Forex Club Review – 14 Key Point Quick Overview Revealed (2025):

  1. ☑️Forex Club Overview
  2. ☑️Forex Club Safety and Security
  3. ☑️Forex Club Pros and Cons
  4. Forex Club Leverage
  5. Forex Club Account
  6. Forex Club Market Instruments
  7. Forex Club Fees
  8. Forex Club Deposit and Withdrawals
  9. Forex Club Trading platform
  10. Forex Club vs AdroFx vs M4Markets – A Comparison
  11. Forex Club Current Popularity Trend
  12. Conclusion
  13. Disclaimer
  14. Frequently asked questions

 

Forex Club Overview

  Forex Club Overview

 

According to research in South Africa FOREX CLUB is a Russian company founded in 1996 with headquarters in St. Vincent and the Grenadines. Forex Club is an online Forex and CFD broker and one of the first few retail forex brokers to emerge in the online brokerage industry.

 

Today, it is known under the Forex Group of Companies (Forex Club Group), which consists of multiple entities including several that use the FOREX CLUB, Forex Club, and Libertex brand names.

 

Entities under the group include Forex Club International Limited, located in St. Vincent and the Grenadines, Indication Investments Ltd (regulated in Cyprus), Forex Club LLC, and FC Forex Club BY (regulated in Belarus). The group also has education and IT centres in Eastern Europe and Asia.

 

Forex Club Safety and Security

Forex Club Safety and Security

 

FOREX CLUB is not publicly traded and does not operate a bank. It is authorised by zero tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). The company is a member of the industry’s self-regulating International Finance Commission. This commission only admits reputable financial firms with a long track history of excellence.

 

The Russian Central Bank stripped several companies of their operational licenses within Russia in December 2018. This leaves the FOREX CLUB brand without any regulation. FOREX CLUB does protect its platforms and website with a 128-bit Secured Socket Layer (SSL) protocol. This is the standard encryption for data transmitted over the internet.

 

There is no evidence to show that Forex Club segregates accounts. If this is the case, this leaves serious deficiencies in terms of investor protection

 

Forex Club Pros and Cons

✔️ Pros❌ Cons
Multiple research toolsBid/ask spread not transparent on website
Long-standing historyDiscontinued MT4 offering in Europe
Research and educational material mostly in Russian.

 

 

Forex Club Leverage

Forex Club Leverage

 

Leverage enables a trader to get a much larger exposure to the market the person is trading than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.

 

Leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

 

Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.

 

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

 

At FOREX CLUB leverage of up to 1:30 is offered for retail clients and up to 1:600 for professional clients.

 

Forex Club Account

Forex Club Account

 

📍 FOREX CLUB offers the following types of accounts:

➡️ Silver

➡️ Gold

➡️ Platinum

➡️ Diamond

➡️ Exclusive

 

The higher the tier, the more perks clients receive, such as premium research tools and access to the trading desk.

 

Forex Club Market Instruments

Forex Club Market Instruments

 

📍 The most popular market instruments available from most brokers for trading include:

 

Forex

Forex trading describes the currency exchange market which refers to the global, decentralised 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 plays 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.

 

📍 FOREX CLUB offers the following of the above:

➡️ Forex

➡️ 44 currency pairs

➡️ 128 CFDs

➡️ Social trading

➡️ Cryptocurrency

 

Forex Club Fees

Forex Club Fees

 

Cost and fees depend on different factors, like spread and margins, and FOREX CLUB clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

 

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

 

The fees at FOREX CLUB depend on the platform chosen and range from fixed spreads on the Rumus platform to variable spreads on MetaTrader4. In its St. Vincent and Grenadines entity, it offers MT4 Instant, which is commission free, and MT4 Market, which has lower spreads but includes a per trade commission.

 

FOREX CLUB shows a midpoint rate and an accompanying commission percentage in its Libertex platform. While the commission is transparent, the bid/ask spreads on Libertex are not. FOREX CLUB does charge commission and it differs between the methods clients use. For more information go to the website.

 

Forex Club Deposit and Withdrawals

Forex Club Deposit and Withdrawals

 

Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

 

📍 In the case of FOREX CLUB, the following minimum deposits are required:

➡️ Silver: $0 – $500 deposit

➡️ Gold: $500 – R5 000 deposit

➡️ Platinum: $5 000 – $50 000 deposit

➡️ Diamond: R50 000 – $500 000 deposit

➡️ Exclusive: R500 000 + deposit

 

📍 The following methods can be used to fund accounts and to execute withdrawals:

➡️ Credit cards

➡️ Bank transfer

➡️ Skrill

➡️ Qiwi Wallet

➡️ Webmoney

➡️ Yandex

➡️ ru

➡️ Neteller

 

Currencies that can be used is RUB, USD and EUR. Except for bank transfer which takes 2 – 5 days to reflect in your account, the other withdrawal methods are usually done within a few hours.

 

Forex Club Trading platform

Forex Club Trading platform

 

The forex trading platform provided by FOREX CLUB to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

 

📍 FOREX CLUB a choice between three trading platforms. They are:

➡️ MetaTrader4

➡️ Libertex

➡️Rumus

 

The available platforms, as well as the range of trading instruments, depend on the related Forex Club Group entity, whether it is FOREX CLUB, Forex Club, or Libertex. Unfortunately, the popular MetaTrader4 platform was discontinued for use in the Europe countries in 2016 but continues to be offered at its other entities.

 

The Rumus platform at select locations features fixed-spreads pricing compared to variable spreads on its other platforms. The Libertex web version runs on a smooth interface built on HTML 5, which is becoming the industry standard to help support best practices for browser compatibility.

 

Forex Club vs AdroFx vs M4Markets – A Comparison

🔎 Broker🥇 FOREX CLUB🥈 AdroFx🥉 M4Markets
💰 Minimum DepositSilver: $0 – $500 deposit
Gold: $500 – R5 000 deposit

Platinum: $5 000 – $50 000 deposit

Diamond: R50 000 – $500 000 deposit

Exclusive: R500 000 + deposit
$ 25 (400 ZAR)$5/R80
📝 Sign-Up Bonus☑️ Yes☑️ Yes☑️ Yes
➕ Max. Leverage1:6001: 5001:1000
💵 Currency Pairs503050
🚀 Open an Account👉 Open Account👉 Open Account👉 Click Here

 

Forex Club Current Popularity Trend

As According to Google Trends, here is an overview of how frequently the search term – “Forex Club” is entered into Google’s search engine over a given period of time.

 

Conclusion

After many years in operation, traders only choose FOREX CLUB and its brands and related entities because of the firm’s history.

 

With 172 instruments available FOREX CLUB can meet traders’ needs through its various offerings. It is a pity the European client do not have access to the MT4 platform which is popular and well-known.

 

The range of educational resources is not much help as traders must enrol in courses to gain any knowledge and the research tools are mostly in Russian which is no help at all.

Forex Club Contact us

 

Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

 

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses, according to research in South Africa.

 

Frequently asked questions

TRADING ENVIRONMENT

How many instruments can I trade with FOREX CLUB?

You can trade several different instruments with FOREX CLUB, which include the following:

  • Forex
  • 44 currency pairs
  • 128 CFDs
  • Social trading
  • Cryptocurrency

 

Which platforms are supported by FOREX CLUB?

FOREX CLUB provides the following popular trading platforms:

  • Metatrader4
  • Libertex
  • Rumus

 

Does FOREX CLUB offer leverage?

Yes, FOREX CLUB offers leverage of up to 1:30 for retail clients and up to 1:600 for professional clients.

 

What spreads can I expect with FOREX CLUB?

FOREX CLUB spreads range from fixed spreads on the Rumus platform to variable spreads on MetaTrader4.

 

Does FOREX CLUB charge commission?

FOREX CLUB does charge commission depending on the deposit and withdrawal method you choose.

 

Is FOREX CLUB regulated?

No, FOREX CLUB is not regulated.

 

Is FOREX CLUB a recommended forex trading broker for experts and beginners?

FOREX CLUB offers a trading environment for beginner and experienced traders.

 

What is the overall rating out of 10 for FOREX CLUB?

6/10

 

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.

 

Does FOREX CLUB offer a demo account?

Yes

 

How long is the demo account valid?

It is not clear for how long the demo account can be used.

 

Which live trading accounts does FOREX CLUB offer?

  • Silver
  • Gold
  • Platinum
  • Diamond
  • Exclusive

 

What are the available deposit currencies for a live trading account?

USD, EUR and RUB

 

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for FOREX CLUB?

    • Silver: $0 – $500 deposit
    • Gold: $500 – R5 000 deposit
    • Platinum: $5 000 – $50 000 deposit
    • Diamond: R50 000 – $500 000 deposit
    • Exclusive: R500 000 + deposit

 

How do you make a deposit and withdrawal with FOREX CLUB?

FOREX CLUB offers the following deposit and withdrawal methods:

  • Credit cards
  • Bank transfer
  • Skrill
  • Qiwi Wallet
  • Webmoney
  • Yandex
  • ru
  • Neteller

 

Does FOREX CLUB charge withdrawal fees?

Yes, the different amounts can be found on the company homepage.

 

How long does it take to make a withdrawal?

Except for bank transfer which takes 2 – 5 days to reflect in your account, the other withdrawal methods are usually done within a few hours.

 

Louis Schoeman

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 15, 2023

Louis Schoeman

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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