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Broker Reviews

Forex Club

Tradomatix TrustScore™:

4.00

(472 Reviews)
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5-star

64.41%

4-star

8.90%

3-star

5.51%

2-star

4.66%

1-star

16.53%
Replied to 53.61% of reviews
Typically replies within 10.22 hours

AI Overview

Based on user reviews

Over the past 12 months, reviewers present Forex Club as a broker with a notably split reputation. The strongest positive theme is the trading experience itself: users frequently describe the platform as simple, intuitive, and beginner-friendly, and many also praise fast or instant execution. This makes the broker look appealing to traders who value ease of use and a straightforward interface more than advanced functionality. However, the more serious and emotionally charged feedback centers on post-trade operations. Withdrawal delays, blocked payouts, and repeated requests for documents or source-of-funds checks are the most damaging complaints, and they are reinforced by reports of unresponsive or repetitive customer support. Pricing feedback is also mixed, with some reviewers seeing low spreads or commissions while others object to high fees and charges. Overall, the review corpus suggests a broker that can feel efficient and accessible on the front end, but whose trustworthiness is undermined by friction around withdrawals, verification, and service resolution.
  • What people talk about most

Customer Support

Support is frequently described as unhelpful, repetitive, or slow to respond, especially when customers are trying to resolve withdrawal or account issues. A smaller number of reviewers mention acceptable communication, but the dominant impression is poor issue resolution.

Execution Speed

Reviewers most often praise the platform for being simple, intuitive, and beginner-friendly, with fast or instant trade execution standing out as a recurring positive. A smaller set of complaints mentions order cancellations, manipulation concerns, or poor trading outcomes, which keeps the category from being fully positive.

Spreads & Pricing

Pricing feedback is divided between users who report low spreads or low commissions and those who complain about high fees, commissions, or other charges. The overall picture is one of inconsistent value perception rather than clear pricing advantage.

Deposits & Withdrawals

This is the clearest pain point in the review set. Users repeatedly report delayed or blocked withdrawals, ignored payout requests, and extra verification demands that slow or prevent access to funds, while only a few reviews describe smooth funding or fast withdrawals.

Onboarding & KYC

Some reviewers say account opening is quick and easy, with a beginner-friendly setup that makes it simple to get started. Others describe repeated KYC and source-of-funds checks, along with unclear verification steps that create friction after signup.

About Forex Club

Forex Club, established in 1997, is a global forex and CFD broker operating under the Libertex brand. The firm provides access to forex pairs (3 currency pairs), commodities, indices, stocks, futures, CFDs, and cryptocurrencies. Trading is available on the proprietary Libertex platform, MetaTrader 4 (including an MT4 bridge connection), and both web and mobile platforms. Maximum leverage is 1:200, and accounts can be opened in USD, EUR, or RUB. A demo account is available for practice, with a minimum deposit of 10 to start live trading. Execution is offered through a dealing desk model. Forex Club is regulated by CySEC in Cyprus and registered with CRFIN in Russia, with services available to clients in more than 120 countries.

Forex Club is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and is registered with the Center for Regulation in OTC Financial Instruments and Technologies (CRFIN) in Russia. It operates under the Libertex brand and has been active since 1997. The company provides services to clients across more than 120 countries.
Accounts can be denominated in USD, EUR, or RUB, with a minimum deposit of 10. A demo account is available alongside live trading. Platform access includes the proprietary Libertex platform, MetaTrader 4 (plus an MT4 bridge connection), a web platform, and mobile trading applications. The broker operates a dealing desk model. Order size parameters show a minimum lot of 10,000 and a maximum lot of 10,000 per trade.
Clients can fund accounts via wire transfer, credit or debit card, check, money order, WebMoney, Neteller, and Skrill.
MetaTrader 4 is available, including connectivity via an MT4 bridge. MT4 supports expert advisors for automated trading. No dedicated API is provided, and MT5 is not listed among available platforms. Web and mobile platforms are offered for discretionary trading, and OCO orders are not supported.
Maximum leverage is 1:200. Commission is 0.0, and execution is via a dealing desk. Trading is available in forex (3 currency pairs), stocks, futures, indices, commodities, CFDs, and cryptocurrencies. Swap-free accounts are not offered. Hedging and scalping are not permitted. Minimum and maximum lot sizes are both 10,000 units per trade. Account currencies are USD, EUR, and RUB.

Forex Club Reviews

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