New Fanatec Formula V3 Review, Everything You Need to Know

Fanatec has officially launched the ClubSport Formula V3, a long-anticipated update to one of the most recognizable steering wheels in sim racing. Released on April 28, 2026, after more than five years of waiting, the new Fanatec Formula V3 arrives with a larger 290mm diameter, a bigger OLED display, and refined controls — while keeping the familiar identity that made the V2.5 so popular.

The key question is simple: does bigger actually mean better?

Fanatec Formula V3 Specs at a Glance

• Diameter: 290mm (up from 270mm on the V2.5)

• Weight: 1,350g including QR2 quick release

• Display: 2.7-inch OLED screen with Intelligent Telemetry Mode

• Price: €349.95 / $349.99

• Compatibility: PlayStation 5, PC (Xbox version in development)

• Controls: 11 face buttons, 3× 12-way rotary switches, 2× 7-way FunkySwitches, 2× 2-way momentary switches, 2 thumb rotaries

• Lighting: 9 RevLEDs, 6 FlagLEDs, customizable RGB

• Shifters: Magnetic paddle shifters

• Quick release: QR2 preinstalled

Design and Features

The Fanatec ClubSport Formula V3 builds on the foundation of the previous V2.5, and the first thing that stands out is its size. At 290mm, it is 20mm larger than its predecessor. That increase may sound minor, but on track it creates a noticeable difference in control and precision.

The wheel still feels light at 1,350 grams, even with the QR2 quick release preinstalled. In terms of handling, it remains nimble and responsive. The added diameter does not make it feel bulky. Instead, it strikes a balance that works well for both Formula and GT racing setups.

Grip design remains largely unchanged, which is not a bad thing. The shape is comfortable, and even without sim racing gloves, it provides enough confidence during intense sessions. For longer runs, gloves are still recommended to maintain cleanliness and extend the life of the materials. Fanatec has also confirmed that replaceable grips are planned, although no official release date has been announced yet.

The control layout includes 11 face buttons, three 12-way switches, two 7-way FunkySwitches, two 2-way momentary switches, and two thumb rotaries. It also features magnetic paddle shifters, 9 RevLEDs, 6 FlagLEDs, and a 2.7-inch OLED display.

While the layout feels familiar, there is one clear improvement. The thumb rotaries now require more deliberate input, reducing accidental adjustments. This small change makes a big difference in consistency while driving.

The magnetic shifters deliver a solid, satisfying feel, exactly what you would expect at this level. They perform reliably, although users with Podium shifters may still prefer those for the added functionality.

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Software and Intelligent Telemetry Mode (ITM)

To get the most out of the Formula V3, installing the latest Fanatec drivers and firmware is essential. The process is straightforward and ensures proper functionality across platforms.

The updated software interface looks cleaner and more refined. One of the standout features is Intelligent Telemetry Mode (ITM). This system provides real-time data directly on the wheel's OLED display, including speed, gear, RPM, lap times, and tyre information.

On PC, ITM works well across most major sim racing titles. On PlayStation 5, however, functionality is currently limited. In testing, only basic data such as speed was displayed, meaning certain games will require updates to fully support the feature.

Switching between telemetry pages is simple. A press of the menu button followed by a rotation of the FunkySwitch allows quick navigation through different screens. The RGB lighting can also be customized, with adjustable brightness and color settings that worked smoothly throughout testing.

Fanatec Formula V3 vs V2.5: Should You Upgrade?

For current Fanatec V2.5 users, the decision to upgrade may not be immediate. The Formula V3 does not reinvent the experience. Instead, it refines it. The most noticeable improvement is the increased size. Moving from 270mm to 290mm adds a level of control that is easy to feel, even if it is not a dramatic shift. The larger 2.7-inch OLED display is a welcome addition, though its full value depends on platform support.

Compatibility with Fanatec Podium shifters is another advantage, allowing users to expand functionality without additional investment. The improved thumb rotaries also enhance usability in subtle but meaningful ways.

One notable change is the removal of rumble motors. Fanatec relies on its FullForce system to deliver feedback instead. In practice, this works well, and the absence of rumble motors is not something that stands out after extended use.

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Quick Release and On-Track Performance

The included Fanatec QR2 quick release system is one of the highlights. It feels secure, stable, and easy to use. Swapping wheels takes only seconds, and there is no noticeable flex, even under heavy load.

On track, the Formula V3 performs consistently across different car types. Whether driving GT cars or open-wheel Formula cars in iRacing, Assetto Corsa Competizione, Le Mans Ultimate, or rFactor 2, the connection between driver and wheelbase feels direct and precise. That sense of immediacy plays a crucial role in overall sim racing performance.

Adapting to the larger 290mm size happens quickly. Within a few hours, it feels natural. Lap times remain competitive, and the feedback through the wheel stays smooth and predictable.

Setup and Force Feedback Recommendations

The increased diameter creates more leverage, which affects force feedback. To maintain the same level of detail, a slightly higher torque output is recommended. A wheelbase capable of at least 8 Nm is ideal for the Formula V3. Lower-powered setups may feel slightly underwhelming with the larger wheel.

During testing, a 15 Nm Fanatec wheelbase was used, though actual driving was done at around 5 to 6 Nm based on personal preference. Aside from adjusting force feedback, most settings can remain unchanged. Minor tweaks are enough to match the feel of the new size.

Frequently Asked Questions

• How much does the Fanatec ClubSport Formula V3 cost?

The Formula V3 retails for €349.95 / $349.99 directly from Fanatec.

• When was the Fanatec Formula V3 released?

It launched on April 28, 2026.

• Is the Fanatec Formula V3 compatible with Xbox?

Not at launch. It currently supports PlayStation 5 and PC, with an Xbox-compatible version in development.

• Does the Fanatec Formula V3 have a colour display?

No. It uses a 2.7-inch monochrome OLED display. Fanatec has confirmed that wheels with colour displays are in development.

• Does the Formula V3 have clutch paddles?

No. It includes magnetic paddle shifters on the rear, but no dedicated clutch paddles.

• Is the Fanatec Formula V3 worth upgrading from the V2.5?

For most V2.5 owners, the upgrade is refinement rather than revolution. If you want a larger 290mm wheel, an improved display, and better thumb rotaries, the V3 delivers. If you are looking for a radical redesign, this is not it.

Final Thoughts

The Fanatec ClubSport Formula V3 is not a radical departure from its predecessor. It is a carefully refined upgrade that builds on a proven design. The larger 290mm diameter stands out as the most meaningful change, offering improved control without sacrificing agility.

The 2.7-inch OLED display, while limited in colour, serves its purpose well. Platform compatibility will determine how useful its telemetry features become over time. At €349.95 / $349.99, the wheel sits in a competitive position. It is not inexpensive, but it offers solid value for those already invested in the Fanatec ecosystem.

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For long-time users, the upgrade may not feel essential. For those seeking a slightly larger, more refined sim racing experience, the Formula V3 makes a strong case. In the end, it is a wheel that feels familiar, yet just improved enough to matter.