ForexClub

ForexClub, operating under the domain fxclub.cn, is an online forex and CFD broker registered in Saint Vincent and the Grenadines. The broker was established on 14 September 2017 according to official records, although its marketing materials claim a founding date of 1997. It serves a global client base, with a particular focus on Chinese-speaking traders, as evidenced by its Chinese-language website and support channels.

ForexClub holds a Forex Trading License (EP) from the National Bank of the Republic of Belarus (NBRB), which is its primary regulatory oversight. The NBRB license is classified as 'Regulated' in our records. Additionally, the broker is a member of the Financial Commission, an independent dispute resolution service that provides compensation up to €20,000 per case. However, the broker's registration in Saint Vincent and the Grenadines—a jurisdiction known for minimal regulatory oversight—raises caution. The FXCanary risk score for this broker is 46 out of 100, indicating a guarded risk level.

The broker offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Libertex platform. MT4 remains the most popular choice among retail traders, offering a wide range of technical indicators, automated trading via Expert Advisors (EAs), and support for multiple order types. MT5 is the newer version, providing additional timeframes, more indicators, and an integrated economic calendar.

ForexClub provides two account types: Standard and ECN. Both require a minimum deposit of $100 and offer leverage up to 1:1000. The Standard account is designed for beginners and casual traders, with variable spreads and no commission. The ECN account is aimed at more experienced traders, offering raw spreads from 0.0 pips and a commission per lot. The high leverage of 1:1000 is available on both account types, which can amplify both gains and losses.

The broker offers a diverse range of tradable instruments, including forex (major, minor, and exotic pairs), precious metals (gold, silver), commodities (crude oil, natural gas), indices, stocks, and cryptocurrencies. According to the website, over 210 instruments are available on the Libertex platform alone. The product specifications page on the official site, however, appears to be under maintenance, showing 'No products found,' which may indicate a need for updated information.

ForexClub provides a client portal for account management and funding. The official site redirects to secure.fcglobal-portal.com for registration and login. Contact options include email (china@help.fxclub.org), online chat, and live support. The broker claims to respond within one business day. While specific payment methods are not detailed in the browsed pages, the broker targets Chinese-speaking clients, suggesting support for local payment methods such as UnionPay or AliPay.

ForexClub is aimed at retail traders, particularly those in Chinese-speaking markets, who seek leveraged access to forex and CFDs. The availability of high leverage (up to 1:1000) and low minimum deposit ($100) makes it accessible to both beginners and experienced traders. The inclusion of copy trading and cashback promotions suggests an effort to attract active traders.