deposit:
- $50
Trading platform:
- MetaTrader4
- TickTrader
- FSA
- 0%
deposit:
- $50
Trading platform:
- MetaTrader4
- TickTrader
- FSA
- 0%
Note!
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Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.
We’ve selected the Top 5 Best Brokers in US for you:
Summary of Forex.ee Trading Company
Forex.ee is a high-risk broker with the TU Overall Score of 2.23 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Forex.ee clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Forex.ee ranks 314 among 396 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Forex.ee specializes in currency pairs, thus the choice of CFDs is limited. Also, the broker is suitable for copy trading, investing in PAMM accounts, and margin and algorithmic trading.
Forex.ee is a Forex broker that has been operating since 2004. Since 2013, it has been using STP (Straight-Through Processing) and ECN (Electronic Communication Network) models, which allow its clients to trade in comfortable conditions without the participation of dealers, at the best prices from liquidity providers, and with a high processing speed. Forex.ee is focused on trades with currency pairs, but it also offers access to markets of stocks, cryptocurrencies, and commodities. This broker offers bonus programs, trading with leverage, and rewards for partners.
💰 Account currency: | USD, EUR, AUD, JPY, RUB, BTC, MBT, and LTC |
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🚀 Minimum deposit: | $50 |
⚖️ Leverage: | Up to 1:500 |
💱 Spread: |
From 0.5 pips for STP; From 0 pips for ECN |
🔧 Instruments: | Currency pairs, metals, commodities, cryptocurrencies, and CFDs on stocks |
💹 Margin Call / Stop Out: |
STP: 50%/30%; ECN: 100%/50%; Crypto: 30%/15% |
👍 Advantages of trading with Forex.ee:
- Minimum deposit is $10 for cryptocurrencies, $50 for STP, and $200 for ECN accounts;
- Scalping, high-speed trading, and algorithmic trading are allowed;
- Tight market spreads on all account types;
- Possibility to trade with a $1 fee on ECN accounts;
- Leverage is up to 1:500 for currency pairs and metals;
- PAMM accounts are available;
- Access to signals from MQL4.community with compensation for the first month’s subscription.
👎 Disadvantages of Forex.ee:
- No license from a reputable financial supervisory commission;
- Small choice of payment systems, especially e-wallets;
- The range of trading assets is not as rich as that of other Forex brokers.
Evaluation of the most influential parameters of Forex.ee
Geographic Distribution of Forex.ee Traders
Popularity in
Top 3 Forex.ee Customer Reviews i
Forex.ee has a number of features that new traders need to consider. If you deposit funds by bank transfer, you can only withdraw them to a bank account. If you use several payment systems, the broker withdraws profits by the method used to deposit the largest amount. That is, before depositing money into the Forex.ee account, think of a more convenient way to withdraw. The second feature is technical support. I still don’t understand what the schedule of the live chat is. Questions are regularly redirected to email, so you have to wait for answers for some time, which is not always acceptable.
I like Forex.ee's order execution speed. I think that the broker is suitable for scalping. The choice of currency pairs suits me, but I would not refuse stock indices. Trading conditions are acceptable, as both spreads and fees are not very high. A couple of times I used preferential conditions for calculating fees. Unfortunately, this is not a permanent option, but only a promotional offer. I deposit and withdraw money through FasaPay, and I am satisfied with both the fees and speed of its payment processing. Forex.ee is not the only Forex broker I use, but it is my regular intermediary with which I have been working for over two years.
Forex.ee does not interfere with trading, so success depends on your own skills. If people cannot make money with this broker, they lack experience and knowledge. I trade through Forex.ee, and the quality of service, execution speed, and fees are good for me. The choice of CFDs, however, is not as wide as that of the broker’s competitors, but there are plenty of currency pairs. At least that's enough for me. Withdrawals of funds are fast, although not instant. I withdraw in Bitcoins, which is the cheapest and fastest way of cryptocurrency transactions. The company has been operating for a long time, so I have no doubts about its honesty.
Forex.ee Latest Comments for 2024 i
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Expert Review of Forex.ee
The project started in 1998, but it became a full-fledged brokerage company only in 2004. Since then, it has been actively developing, expanding its list of available trading instruments, adding new payment systems, etc. In 2014, as a result of a complete rebranding, a new Forex.ee website appeared with convenient management and online support. A year later, the company introduced an updated user account with more well-thought-out functionality.
In 2015, Forex.ee offered crypto as a new account type. With it, traders can trade cryptocurrencies using ECN technology and leverage up to 1:3. Currently, the company does not provide for trading stock indices, and the choice of commodities is also limited. However, Forex.ee has a good range of currencies and cryptocurrencies. Moreover, you can execute trades with metals and CFDs on stocks.
Traders can register only one e-wallet with Forex.ee, and add an unlimited number of trading accounts in different currencies to it. Funds can then be transferred between accounts without a fee. Payment processing is completed within 24-48 hours. Funds deposited with a bank card can be withdrawn no earlier than 30 days from the last deposit.
Dynamics of Forex.ee’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Forex.ee does not offer its own investment solutions, but third-party applications are available to its clients. It isn’t about passive income on investments in stocks, ETFs, bonds, or portfolios of assets. Forex.ee is a Forex broker, so its registered investors receive additional income from other people's trading. Another way to make passive income is to register as an Introducing Broker, a partner that expands the Forex.ee client base.
Copy trading and PAMM accounts are passive earning services
Investment solutions are available to those traders who use MetaTrader 4. After registering an MT4 trading account, you can entrust executing trades to experienced traders for a fee. The advantage of such services is that payment for the service is made only when the selected trader closes a profitable position. To receive passive income, Forex.ee clients can use:
PAMM service. Conditions of a PAMM account are set when it is created by a manager, but within the limits allowed by Forex.ee. Managers can change the requirements for the initial deposit and the minimum account balance. They also set the size of the performance fee, but not more than 30% of the investors’ profits;
MQL signal service. With its help, trades of the selected provider are automatically copied to the investor's account. The MQL service is used by tens of thousands of traders worldwide, so its rating of signal providers includes a huge variety of strategies and trading styles.
PAMM accounts and copy trading are aimed at traders who, for whatever reason, do not want to trade Forex themselves. But these solutions are also suitable for those who do not have trading experience. With their help, you can earn without active interaction with financial markets.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Forex.ee:
Introducing Broker (IB) is a three-level program that allows existing Forex.ee clients to receive fees from the trades of referees. The size of the partner reward depends on the referee’s trading volume and their account types. IBs can invite friends and strangers, but cannot invite relatives or neighbors, as any coincidence of names, addresses, or phone numbers is regarded by Forex.ee as a way of illegal enrichment.
Forex.ee gives 15%-50% of the withheld trading fee, both for profitable and unprofitable positions, for trading on ECN accounts (including cryptocurrencies). If the referral trades from an STP account, IB receives 2.4 units per lot + 5%-35% of the brokerage fee.
Trading Conditions for Forex.ee Users
The minimum deposit for the STP account is $50, and it is $200 for ECN accounts. To trade cryptocurrencies, it is enough to open a special Crypto account and deposit $10 to it. Trading conditions such as spreads, fees, and leverage, differ for different account types and financial instruments. Spreads are floating, regardless of the asset and execution type. ECN accounts have an additional trading fee. Swap-free trading is available in some countries (except for cryptocurrencies).
$50
Minimum
deposit
1:500
Leverage
9/5
Support
💻 Trading platform: | МetaТrader 4 (desktop and mobile versions) and TickTrader (desktop, mobile, and web versions) |
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📊 Accounts: | Demo, STP, Basic ECN, Advanced ECN, Premium ECN, and Crypto |
💰 Account currency: | USD, EUR, AUD, JPY, RUB, BTC, MBT, and LTC |
💵 Replenishment / Withdrawal: | FasaPay, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, bank cards, and bank transfers |
🚀 Minimum deposit: | $50 |
⚖️ Leverage: | Up to 1:500 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 |
💱 Spread: |
From 0.5 pips for STP; From 0 pips for ECN |
🔧 Instruments: | Currency pairs, metals, commodities, cryptocurrencies, and CFDs on stocks |
💹 Margin Call / Stop Out: |
STP: 50%/30%; ECN: 100%/50%; Crypto: 30%/15% |
🏛 Liquidity provider: | Own providers |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | STP market and ECN market |
⭐ Trading features: | Swaps for cryptocurrency are mandatory |
🎁 Contests and bonuses: | Reduced fees on ECN accounts, cash back, and free use of trading signals |
Comparison of Forex.ee with other Brokers
Forex.ee | RoboForex | Exness | FxPro | Pocket Option | 4XC | |
Trading platform |
MetaTrader4, TickTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | Pocket Option, MT5, MT4 | MT5, MT4, WebTrader |
Min deposit | $50 | $10 | $10 | $100 | $5 | $50 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 1 point | From 0 points | From 1.2 point | From 0 points |
Level of margin call / stop out |
50% / 30% | 60% / 40% | No / 60% | 25% / 20% | 30% / 50% | 100% / 50% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | $50 |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
Forex.ee | RoboForex | Exness | FxPro | Pocket Option | 4XC | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | No | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
Forex.ee Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
STP | $5 | Charged by payment systems |
Basic ECN | $0 | Charged by payment systems |
Advanced ECN | $0 | Charged by payment systems |
Premium ECN | $0 | Charged by payment systems |
Crypto | $1 | Charged by payment systems |
Swaps are 10% per annum of the value of an open position. On the night from Wednesday to Thursday, a triple fee is charged. TU experts have compared the average Forex.ee’s fee to the corresponding indicators of other Forex brokers. The results are available in the comparative table below.
Broker | Average commission | Level |
Forex.ee | $1.5 | Medium |
RoboForex | $1 | Low |
Pocket Option | $8.5 | High |
Detailed review of Forex.ee
Forex.ee is a broker that works using ECN and STP technologies. It prioritizes the best prices, fast execution, and tight spreads for any asset. The company's clients have access to profitable promotions and offers, such as cash back on brokerage fees, covering the costs of using the copy trading service, reduced fees per lot, etc. Traders are given a choice of account types, trading assets, platforms, and investment services.
Forex.ee by the numbers:
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19+ years of experience in financial markets;
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$1 fee on ECN accounts;
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Leverage for currencies is up to 1:500;
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Cashback of a trading fee for new clients is up to $1,000 per trader.
Forex.ee is a broker for trading popular currency pairs and CFDs with dynamic leverage
Forex.ee offers trading currency pairs, cryptocurrencies, metals, commodities, and CFDs on stocks. The available leverage depends on the trading instrument, the account type, and the deposit size. The maximum leverage on the STP account is 1:500, but if the balance is less than $50, then it is reduced to 1:100. On ECN accounts with a balance of up to $25,000, leverage reaches 1:500; and over $25,000, it is up to 1:200. Cryptocurrencies are traded with leverage no higher than 1:3.
Forex.ee offers two trading platforms — MetaTrader 4 and TickTrader. MT4 users have access to additional services, such as the copy trading module and PAMM accounts. You can also install the One Click Trading plug-in on this platform to access Level 2 prices, open and close positions with one click, and place pending orders, including stop loss and take profit. MetaTrader 4 is not available in all countries.
Useful services offered by Forex.ee:
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Commission calculator. This online tool allows you to quickly and easily calculate the ECN fee for currency pairs and cryptocurrencies;
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Currency exchange rates converter. It is designed to calculate the currency exchange fee. It also provides for viewing historical exchange rates for any date;
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Pip value and margin calculator. With this tool, you can adjust the size of a trading position and choose the optimal leverage;
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Online quotes for currency pairs. The values for EUR/USD, GBP/USD, USD/JPY, EUR/CHF, and USD/RUB are broadcast in real-time on the company's website.
Advantages:
All traders using the ECN model have access to trading on more favorable conditions at promotional rates from time to time;
Forex.ee does not charge fees for depositing and withdrawing funds, as well as for maintaining active trading accounts;
The company offers multi-level partnership programs for introducing brokers, who can be ordinary retail traders;
More than 50 currency pairs are available for sale and purchase in MT4 and TickTrader;
The broker provides free analytics and calculators useful for Forex traders, which can be used to calculate fees for a certain position.
The company regularly expands the range of instruments so that its clients can immediately start trading assets that are of interest to them.
Guide on how traders can start earning profits
Forex.ee offers two account types, namely STP and ECN. The choice of ECN accounts is more diverse, including a special account for trading cryptocurrencies. The main account currencies are USD, EUR, and RUB. The STP account can also be opened in JPY, and ECN accounts can be opened in JPY, AUD, and BTC, while the Crypto account may be opened in LTC and MBT. The swap-free option is available on all account types, except for the Crypto account.
Account types:
A demo account can be opened in the user account or directly in the trading platform after it is installed on your device.
Forex.ee strives to provide comfortable access to Forex for any trader; therefore, the company offers a wide range of account types with different parameters and capabilities.
Investment Education Online
Education on the Forex.ee website is currently not available as the Knowledge Base section is under development. The basics of trading are posted in the Help & FAQs block with the main terminology being in the client agreement.
Success in trading is possible only after acquiring practical trading skills. For these purposes, a demo account is available.
Security (Protection for Investors)
Forex.ee is the brand name. Legally the broker is registered as NTS Systems Limited. In 2018, it was listed in the International Business Company (IBC) Register by FSA of Saint Vincent and the Grenadines under registration number 24957.
FSA neither issues licenses to Forex brokers nor monitors their activities. The organization only registers companies in the IBC general register. In fact, brokers from this jurisdiction can provide services without having an official license.
👍 Advantages
- This broker provides leverage up to 1:500
- Cryptocurrency transactions are allowed
- Bonuses and cash back on the trading fee are available
👎 Disadvantages
- The broker is not licensed by any financial commission
- The broker’s clients cannot file claims to a regulator
- Traders’ deposits are not protected
Withdrawal Options and Fees
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The Company processes withdrawal requests within one business day. But if a trader submits a request during the weekend, it will be processed on Monday;
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Withdrawals are made in USD, IDR, BTC, BCH, ETH, UST, and LTC. Fiat currencies can be withdrawn using the FasaPay system and then transferred to a bank card or bank account;
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Minimum withdrawal amount is US$/10,000, IDR/0.002, BTC/0.01, BCH/0.01, ETH/0.1, and LTC/30 UST;
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Payment processing fees are 0.5% of the transaction amount for FasaPay and 0.001 BTC/0.001 BCH/0.01 ETH/0.01 LTC/30 UST for cryptocurrencies;
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Withdrawals to bank cards, crypto wallets, and FasaPay are processed within 24 hours. Bank transfers take from 3 to 5 business days;
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The free margin amount must be greater than the withdrawal amount. Otherwise, the company will reject the withdrawal request.
Customer Support Service
All departments of Forex.ee work according to a single schedule: Monday to Friday from 7:00 to 16:00 (GMT). Ditto for Live chat.
👍 Advantages
- Live chat is available
- Phone support
👎 Disadvantages
- Support is not available 24/7
- Live chat delays
Support can be contacted:
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via live chat on the website or in the user account;
-
by phone;
-
by email.
The email box is intended for communication with support services. To get answers to general questions.
Contacts
Foundation date | |
Registration address | NTS Systems Limited, First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines |
Regulation |
FSA |
Official site | forexee.com |
Contacts |
Email:
info@forexee.com,
support@forexee.com,
Phone: +442035198249 |
Review of the Personal Cabinet of Forex.ee
To open access to Forex.ee’s user account, become the broker’s client. To do this, open a live account according to the instructions below:
To receive rebates from Traders Union for all subsequent trades, go to the Forex.ee website using the TU referral link. After that, click the “Open Live” button.
First, provide the company with your email address and phone number. Also, confirm the automatically generated password or set your own combination. The second stage is authorization in the user account. To pass it, follow the link received in Forex.ee’s email, and then enter your email and password on the login page.
Features of Forex.ee’s user account:
Additional features of Forex.ee’s user account:
Verification menu;
Submit requests for transferring funds between accounts or withdraw funds from the Forex.ee wallet to external systems;
Work with PAMM service;
Panel for partners;
Trader's tools. These are a calculator for calculating fees, a currency exchange rate converter, and a schedule of trading sessions;
Security settings. It provides for connecting Google Authenticator, changing the access pin code, and activating SMS notifications.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
User Reviews of Forex.ee i
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FAQs
Do reviews by traders influence the Forex.ee rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Forex.ee you need to go to the broker's profile.
How to leave a review about Forex.ee on the Traders Union website?
To leave a review about Forex.ee, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Forex.ee on a non-Traders Union client?
Anyone can leave feedback about Forex.ee on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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