Forex.ee Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Forex.ee trading signals. You will learn what kinds of trading signals Forex.ee offers and what the conditions for using them are.
Short introduction of Forex.ee
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 |
| 🚀 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% |
Forex.ee Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
-
Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Forex.ee Trading Signals
If traders work from the STP account, they pay only a 0.5 pip spread. ECN accounts have floating spreads from 0 pips and a fee per lot of 1.8-3.5 units of the basic currency of the pair. For cryptocurrencies, 0.5% of the trade amount is withheld instead of a fee per lot. The maintenance fee for an inactive account is $10 per month. There is a $50 charge to reactivate an account. There are no fees for depositing or withdrawing funds from Forex.ee. FasaPay withholds 0.5% per withdrawal. Cryptocurrency transactions are paid according to the rates of the blockchain network.
| 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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Forex.ee does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.