Fake ForexClub

Fake ForexClub is a Belarus-based forex and CFD broker operating under the domain fxclub.by. According to its official documents, the company is legally registered as ООО «Инфомо» and was founded on July 23, 2020. The broker is headquartered at 220030, Minsk, ul. Myasnikova, 70, office 4, floor 7. Our review cross-checked this address against public records and confirmed its validity.

The broker has rebranded from 'Forex Club' to 'Инфомо' in recent years, though it continues to trade under the well-known Forex Club name. It primarily targets Belarusian and global clients, explicitly stating that it no longer registers Russian residents, whom it redirects to a separate entity.

Fake ForexClub claims to be registered in the Republic of Belarus's official register of forex companies under number 2, with an identification code 40002, as per a client agreement dated April 2026. However, our internal records indicate that no regulatory licence is on file, meaning the broker may not be subject to the same tier of oversight as European or UK-regulated firms. The Belarusian register is relatively new (established in 2025), and its enforcement standards are less transparent than those of major financial regulators.

Given the lack of independent user reviews and the limited regulatory history, we caution traders about the protective frameworks available. The broker operates in a jurisdiction where investor compensation schemes are absent, and dispute resolution may be challenging.

Fake ForexClub offers the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with its proprietary web-based trading platform. On MT4, clients can choose between 'Instant' and 'Market' account types, while MT5 provides a 'Market' account. Each account type is available as a real-money 'Investment Account' or a risk-free 'Demo Account' for practice. The broker also integrates with Libertex, a platform popular in Eastern Europe.

The broker does not enforce a minimum deposit, allowing traders to start with any amount that covers margin requirements. However, account features like spreads and commissions are not explicitly detailed on the main site, requiring users to consult the contract specifications.

Fake ForexClub provides a range of instruments, including forex currency pairs, CFDs on indices, commodities (notably oil), and over 80 cryptocurrency CFDs. The broker promotes ultra-low spreads on oil CFDs as a key selling point. All instruments are offered as non-deliverable off-exchange financial instruments, meaning traders speculate on price movements without owning the underlying asset.

A detailed specification document is available on the website, listing contract sizes, margin requirements, and trading hours for each instrument. This transparency is helpful, though the actual execution conditions depend on the account type and market liquidity.

Deposits can be made via Visa/MasterCard bank cards or international bank transfers. Credit/debit card deposits are free of commission from the broker, but card issuers may levy their own fees. Bank transfers are available in USD, with processing times of 2-3 business days. The broker does not charge its own fees for card deposits but notes that bank transfer fees are borne by the sender.

Withdrawals follow the same methods, though specific processing times are not disclosed. Given the lack of independent reviews, clients should verify withdrawal reliability through small trial amounts before committing larger sums.

Fake ForexClub is a functioning retail forex and CFD broker operating in Belarus with a legal registration under local law. However, its high scam risk score (85/100) reflects the absence of stringent regulatory oversight and a poor industry reputation. The broker's claims of being on the Belarusian register are noted, but this register does not provide the same level of investor protection as, for example, the CySEC or FCA.

Traders are advised to exercise caution, conduct thorough due diligence, and consider the potential risks before depositing funds. The lack of user reviews makes it difficult to assess the real experience of clients, and the broker's redirection of Russian clients to a separate entity may indicate operational complexities.