Forex.ee

Forex.ee Review: Is Forex.ee a Good Broker?

Broker overview and general information

Forex.ee is an ECN/STP broker registered in Saint Vincent and the Grenadines and additionally registered in Estonia. Founded in 1998, it offers a comprehensive range of trading services including over 50 Forex currency pairs, crypto assets, gold and silver using the MetaTrader 4 (MT4) platform that is very popular among traders.

Broker Licensing and Regulation

If you ask whether Forex.ee is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

⚠️Warning:No licensing and regulatory information was found for this broker. Investors should be aware of the risks involved as there may be no financial protection from regulatory agencies. It is recommended to conduct thorough research and consideration before investing.

Broker Products and Services

Trading products

Brokers offer various financial products for investors to choose to make profits according to their interests and expertise, including:

• Forex on major currency pairs EUR/USD, GBP/USD, USD/JPY

• Precious metals such as gold and silver. Trading precious metals via CFDs.

• Cryptocurrency Bitcoin Ethereum Litecoin

• CFDs on Stock Indices, Energies such as Crude Oil

Trading Platform

The broker provides a trading platform through TickTrader, which supports both IOS, Android, Windows and Web terminals. It has technologies that help in market analysis and investment decisions. There is a One Click Trading Level2 Plugin, a tool that allows users to open and close orders with just one click. There is also a Margin and Pip Value Calculator, which helps in calculating margin and pip value before placing an order. Currency Exchange Rates: This tool helps in calculating accurate exchange rates. Commission Calculator: This tool helps in calculating ECN commissions quickly and accurately.

Forex.ee Review: Account Types

Basic ECN Account

• Minimum deposit: $100

• Spread: Floating, starting from 0.0 pips

• Commission: 3.5 units of base currency per 1 lot 100,000

• Leverage: Up to 1:500

• Margin call/Stop out: 100/50

• Swap free: Yes

• Bonus: Yes

• Providing Expert Advisors and Scalping services

• Inactivity fee $10-$100/month

• $50 reactivation fee

Advanced ECN Account

• Minimum deposit: $1,000

• Spread: Floating, starting from 0.0 pips

• Commission: 2.5 units of base currency per 1 lot 100,000

• Leverage: Up to 1:500

• Margin call/Stop out: 100/50

• Swap free: Yes

• Bonus: Yes

• Providing Expert Advisors and Scalping services

• Inactivity fee $10-$100/month

• $50 reactivation fee

Promotions and bonuses

Commission reduction promotion

• Deposit $200: Reduced commission for 1 week

• Deposit $500: Reduced commission for 2 weeks

• Deposit $1,000: Reduced Commission for 4 Weeks

• Deposit $3,000: Reduced Commission for 6 Weeks

• Deposit $5,000: 8 Weeks of Commission Reduction

Requirements: This privilege can only be used once within a period of 6 months.

Deposit Bonus

• Deposit $15 min. Get $15 bonus

• Profits can be withdrawn after trading 2 lots.

• Bonuses are non-withdrawable and will be removed after the first withdrawal.
  
  
  

Try Signals for Free

• You can choose your signal provider from MQL Signal Serviceand connect to a real ECN account for free.

Deposit and Withdrawal Review

Deposit channels

FasaPay

• Currency:IDR / USD

• Fee:free

• Minimum :10,000 IDR / 1 USD

• Maximum :700,000,000 IDR / 75,000 USD

Bitcoin (BTC)

• Fee:0.0002 BTC

• Minimum :0 BTC

• Maximum :10,000,000 BTC

BitcoinCash (BCH)

• Fee:free

• Minimum :0.01 BCH

• Maximum :10,000,000 BCH

Ethereum (USDT/ETH)

• Fee:3 USDT / 0.001 ETH

• Minimum :5 USDT / 0.01 ETH

• Maximum :1,000,000 USDT / 10,000,000 ETH

Litecoin (LTC)

• Fee:free

• Minimum :0.01 LTC

• Maximum :10,000,000 LTC

Withdrawal channels

FasaPay

• Accepted currencies:USD / IDR

• Fee:1%

• Minimum :1 USD / 10,000 IDR

• Maximum :5,000 USD / 72,500,000 IDR

Bitcoin (BTC)

• Fee:0.0003 BTC

• Minimum :0.002 BTC

• Maximum :10,000,000 BTC

BitcoinCash (BCH)

• Fee:0.0001 BCH

• Minimum :0.01 BCH

• Maximum :10,000,000 BCH

Ethereum (USDT/ETH)

• Fee:10 USDT / 0.005 ETH

• Minimum :30 USDT / 0.01 ETH

• Maximum :10,000,000 USDT / ETH

Litecoin (LTC)

• Fee:0.0005 LTC

• Minimum :0.1 LTC

• Maximum :10,000,000 LTC

Support and Customer Service

Brokers offer their services in many countries, but before deciding to use their services, you should study the relevant conditions thoroughly. You can follow more information on their website.https://forex.ee/ or E-mail:[email protected]

Broker Review Overview Summary

Forex.ee is a broker that traders should consider carefully due to its many disadvantages that can affect the trading experience. One of the main issues is the lack of a license from a reputable financial regulatory authority, which can increase investment risks. In addition, the choice of payment systems is quite limited, especially the lack of support for e-wallets, which can be inconvenient for some traders.

The range of assets offered for trading is also less diverse than other brokers in the industry, and there are monthly fees for inactive accounts and account activation fees, which can add to the costs for those who don’t trade regularly. It also doesn’t support popular trading platforms like MetaTrader, limiting the features and accessibility for traders who want a more diverse platform. While it does have some positive aspects, such as low commissions and support for STP/ECN technology, these shortcomings are a reason why traders should check the details before investing.

Frequently Asked Questions about Forex.ee

1. What trading platforms does the broker offer?

• Offering trading services via TickTrader Desktop Terminal, TickTrader Mobile Terminal, and TickTrader Web Terminal.

2. What is the minimum deposit to open an account?

• Minimum deposit $100

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