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: 100/1000
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: 100/1000
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
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
What trading platforms does the broker offer?
What is the minimum deposit to open an account?
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