I missed this thread while it was under voting, would've voted guilty 100%. I did some simple digging and the interesting thing I found about the regulator is that Michael Greenberg is a board member, whatever that means, I am dissapointed that he is a board member of organization that looks to be a phony organization that doesn't protect the client's interests. For those of you who don't know, Michael Greenberg is the founder of ForexMagnates. All the other names on the website are russian, and many are connected to ForexClub, just by reading their short Bios on the website. ForexClub does not exactly have the best reputation. Actually from what I've seen the way these brokers(russian run brokers) treat complaints - all in the same manner. Never reaveal an actual name of person to contact, hiding behind T&Cs, cancelling trades, not paying out profits etc..
Just a simple observation, with very little digging. They aren't hiding this