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Forex Club Libertex Group Review
Forex Club built the Libertex trading app, and today its offshore arm, Forex Club International LLC, sits on the Bank of Russia's own warning list for suspected illegal activity.
Min Deposit
$100
Spreads From
Variable, not published as one fixed pip number
Max Leverage
Up to 1:1000 on major forex pairs for MT4 and MT5 accounts, tiered by position size
Platforms
Libertex platform, MetaTrader 4
Pros
- Traces its roots to 1997, among the oldest retail forex brands still active
- Backed by a large group with real licenses in Mauritius, South Africa, and Vanuatu
- Gives access to MetaTrader 4, MetaTrader 5, and its own Libertex trading app
- Official online trading partner of the Audi Revolut Formula 1 team
- A welcome bonus of up to $10,000 is open to clients outside the EU and UK
Cons
- The Bank of Russia lists Forex Club International LLC on its own warning list
- Lost its Russian central bank trading license back in January 2019
- Fined $300,000 by the NFA in 2012, then left the US market that same year
- Registered in Saint Vincent and the Grenadines, a place with no real trading regulator
- Leverage as high as 1:1000 can multiply trading losses much faster than EU limits
Forex Club started in Russia in 1997 as an early currency trading firm. It grew into a large group and built the Libertex app, launched in 2015. Cofounder Vyacheslav Taran died in a helicopter crash near Monaco in November 2022. The group is now run from Limassol, Cyprus.
The Bank of Russia licensed Forex Club in 2016, then cancelled it in January 2019 with several other big Russian brokers. The Bank of Russia still lists Forex Club International LLC on its own warning list for suspected illegal securities activity. In the US, the NFA fined the firm $300,000 in 2012, and Forex Club left that market the same year.
Forex Club International LLC now runs libertex.org from Saint Vincent and the Grenadines, which registers companies but does not regulate trading firms. The wider group also holds licenses in Mauritius, South Africa, and Vanuatu, and offers leverage up to 1:1000, far above EU limits. A separate CySEC entity serves the EU under the same Libertex brand.
Min. Deposit
USD 100
Max Leverage
Up to 1:1000 on major forex pairs for MT4 and MT5 accounts, tiered by position size
Spreads From
Variable, not published as one fixed pip number
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
