Forex Club
From Wikipedia, the free encyclopedia
 | |
| Formation | 1997 |
|---|---|
| Founded at | Saint Vincent and the Grenadines |
| Type | Company |
| Legal status | Active |
| Products | Аkmos Trade Libertex |
| Services | Finance |
| Website | fxclub.org
libertex.org (Latin America) libertex.fxclub.org (Miner Bitcoin App) |
Forex Club is a group of companies based in Saint Vincent and the Grenadines[1] participating in the retail market of Contract for difference, Foreign Exchange Trading.[2] The company uses the Libertex trading platform on web and mobile, along with MT4. It includes financial and educational companies.[3]
Libertex
The company was founded in 1997.[3] In 2010, it acquired 100% of the shares of the Russian forex broker Аkmos Trade. The brand remained and is included in the Forex Club group of companies.[4]
In 2012, Quadro Capital Partners acquired a minority shareholding in the Forex Club group of companies, the amount of the transaction has not been indicated.[5][6]
In December 2013, Forex Club and Quadro Capital Partners founded the Venture Capital Fund FXC-QCP VC, with a volume of up to $200 million.[7]
According to Finmarket information agency data, in 2014 Forex Club ranked among the three Russian Forex brokers with the highest number of clients and monthly turnover volumes. At that time, the number of active clients of the company was 71,830 people, representing 16.97% of the market ( surpassed by Alpari ). (120,000 people, and 28.35% of the market)). The company's average monthly turnover was $63.32 million, representing 18.09% of the market (surpassed by Alpari ($107 million and 30.56% of the market)).[8]
In January 2015, Forex Club organized the project Living Collection of Private Investments at its customer service office,[9] an interactive exhibition on the history of investment and disposition of private capital.[10]
In December 2015, in accordance with the Foreign Exchange Market Law of Russian Federation,[11] Forex Club submitted an application to Central Bank to obtain the Russian Forex broker license; in June 2016, the Bank of Russia rejected the company's application. According to company representatives, after resolving certain formal observations, a new application was submitted to the Central Bank.[12] In October 2016, Forex Club received the license.[13]
According to the National Foreign Exchange Centre of the Belarus Stock Exchange, the company ranks first "in terms of the volume of transactions of customers with non-deliverable over-the-counter instruments of customers on all underlying assets among the foreign exchange companies included in the register of the National Bank of Belarus".[14]
In January 2019, the Russian government revoked the license.[15]
On November 25, 2022, the co-founder and controlling shareholder of Retail FX and CFDs brokerage brands Libertex and Forex Club died in a helicopter crash in Monaco.[16]
In June 2015 Forex Club launched the trading platform Libertex.[17]
The midfielder of Real Madrid, James Rodríguez, was the brand's ambassador in 2017 and 2018.[18][19] Libertex was recognized as a member of FinaCom in 2018.[20]
In 2020 the company began to actively promote the Libertex trading platform in Ukraine and Kazakhstan.[21][22][23]
