Forex.ee Review

Overall, according to research in South Africa Forex.ee is very competitive in terms of its trading fees and spreads. Their spread is super low compared to other regulated brokers, and there are no hidden trading fees. Forex.ee is an online CFD and Forex broker which is headquartered in St. Vincent and the Grenadines.

Forex.ee at a glance

Overall Rating

• 3.6/5

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OPEN AN ACCOUNT

Min Deposit

USD 50

Regulators

MEAE

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Forex.ee review below.

Forex.ee Review – A Key 22 Point Quick Overview

1. ✅Forex.ee at a glance
2. ✅Who is Forex.ee?
3. ✅Forex.ee Safe or scam
4. Forex.ee Sign-up Bonus
5. Forex.ee Referral Bonus
6. Forex.ee Partnership Program
7. Forex.ee Minimum Deposit
8. Forex.ee Account Types
9. Forex.ee Account Features
10. How to open a Forex.ee Trading account – Step by Step
11. Forex.ee Demo Account
12. Forex.ee Islamic Account
13. Forex.ee Fees and Spreads
14. Forex.ee Deposit fees and deposit methods
15. Forex.ee Trading platforms
16. Forex.ee vs Finq vs FinoTrade – A Comparison
17. Forex.ee Current Popularity Trends
18. Forex.ee Pro and cons
19. Forex.ee Customer Reviews
20. Conclusion
21. Disclaimer
22. Frequently Asked Questions

Forex.ee claims that all trades are processed directly to the market by means of ECN/STP technology without any interventions from the broker’s side.

Who is Forex.ee?

According to research in South Africa, Forex.ee is an online CFD and Forex broker which is headquartered in St. Vincent and the Grenadines. The broker was founded in 1998 and has been successfully operating since 2004. Since it started operations, the broker has earned itself a stellar reputation as a result of a multitude of positive customer reviews.

Forex.ee claims that all trades are processed directly to the market by means of ECN/STP technology without any interventions from the broker’s side.

Forex.ee Safe or scam

One of the best benchmarks to measure the safety of a broker like Forex.ee, is to establish which regulating authorities are watchdogs over its actions. Forex.ee is regulated by the Ministry of Economic Affairs in Estonia.

Forex.ee Sign-up Bonus

Forex.ee offers a $15 welcome bonus to new traders who choose to register for a real account with the broker. Open an STP Account and get a Bonus from Forex.ee! Take part in the Promotion and use the opportunity to get an initial deposit from the broker and test your new STP account.

As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker. New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.

Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.

Forex.ee Referral Bonus

Referral bonuses allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.

Forex.ee Partnership Program

Under Forex.ee’s partnership program, Forex.ee offers a referral bonus to participants. With this promotion, you receive a commission from each of your Forex.ee clients every time they enter a trade.

Forex.ee Minimum Deposit

Forex.ee does not appear to require a minimum deposit amount to open a broker account. This means that smaller traders can choose to start trading with an amount that best suits their budget and trading portfolio.

That said, it is always recommended to maintain a minimum deposit of at least $100 in your account when trading to avoid going into a negative balance.

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 50

Regulators

MEAE

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Forex.ee Account Types

Forex.ee offers six different account types: the STP Account, Basic ECN Advanced ECN, Crypto Account, the Premium ECN as well as the PAMM Account. with equally attractive trading conditions: no requotes, tightest spreads, and ability to trade in periods of higher market volatility.

Forex.ee Account Features

STP Account

Basic ECN Account

Advanced ECN

Premium ECN

Crypto Account

PAMM Account

The PAMM service is a software solution created for copying trades from Master accounts to Follower accounts and automatic distribution of profits and losses. PAMM Account holders use their own capital and the capital of those managed to trade in the Forex market, while followers can analyze the performance using special tools.

With Forex.ee PAMM Service, Masters can combine their knowledge and experience with the capital of Followers to achieve mutually beneficial results. Forex.ee PAMM service offers the best advantages of both ECN and STP technologies, which allows masters to use the most appropriate trading strategies and thereby maximize profits.

As such, Forex.ee does not set any restrictions on the trading strategies of account managers: you are welcome to use algorithmic trading, scalping, or high-frequency trading. The Forex.ee PAMM Service provides special conditions for cryptocurrency traders. You can trade both Fiat and cryptocurrency pairs and maximize your profitability using the most innovative financial instruments.

Followers can open Investor accounts nominated in the most popular cryptocurrencies and make deposits in Bitcoin, completely avoiding conversion and deposit fees. Another advantage of the service is the protection of account users’ funds from any potential account mismanagement. This is achieved by segregating all deposits from those accessed by account managers.

How to open a Forex.ee Trading account – Step by Step

Opening an account with Forex.ee will require the following procedures:

 Step 1 – Navigate to the Forex.ee website

Navigate to the open live account section on the Forex.ee website. This can be found at the top of the landing page

 Step 2 – Forex.ee account registration page

Here you will find a link to the registration page. Fill out the required details, including your email address, and contact details

 Step 3 – Forexe.ee log in details

Save the generated login and password and click Finish. Your account has been successfully registered and you can start trading

Forex.ee Demo Account

The demo account from Forex.ee can be used to test out the various trading features without having to risk real funds in the process. Users have access to the MetaTrader 4 platform which will allow them to make use of Expert Advisors, Advanced Charts and Mobile Trading.

Quotes on demo accounts differ from quotes on real trading accounts. On real trading accounts Forex.ee has quotes from more than 10 liquidity providers. Quotes on demo accounts are not as competitive because the broker is constantly testing new liquidity providers. Also, on demo accounts opened orders influence the spread.

Forex.ee Islamic Account

Forex.ee provides Swap-free accounts for Muslim clients. In Islamic accounts, no SWAP fee will be charged or added when your open positions are rolled over the night or weekend. Otherwise, Islamic accounts’ trading conditions are the same as regular ECN or STP accounts. Traders will be charged an additional commission for overnight positions on STP and ECN Islamic accounts. The commission equals to SWAP.

Traders on the Islamic Account will be granted access to the MetaTrader 4 platform. MT4 has a wide range of technical indicators and graphic objects to set in a chart window. It allows traders to monitor market changes, perform technical analyses and develop trading strategies of their own. Also, MT4 has an option of one-click trading right in the chart window.

Forex.ee Fees and Spreads

Forex.ee has the following spread list available to traders: Forex.ee has variable spreads depending on the account type which average at around 0.5 pips. On the STP account commissions are built into the spread.

Forex.ee Deposit fees and deposit methods

In terms of deposit security, Forex.ee claims to be regulated by the Ministry of Economic Affairs in Estonia but is headquartered offshore in St Vincent and the Grenadines. As such, this represents poor, almost non-existent regulation of the broker.

Forex.ee offers a wide variety of popular e-payment deposit methods, which consist of the following:

While Forex.ee does have several AML policies in place to safeguard against deposit fraud, the broker’s lack of adequate regulation coupled with its offshore status means that client deposit security cannot be fully guaranteed.Forex.ee does not charge any commissions for deposits or withdrawals. When performing transactions, you are only charged the commission of your local bank or the payment system you use.

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 50

Regulators

MEAE

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Forex.ee Trading platforms

The forex trading platform provided by Forex.ee is the software to carry out trades. Some brokers provide only one trading platform while others offer several. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

Forex.ee provides the extremely popular MetaTrader 4 platform.

Forex.ee vs Finq vs FinoTrade - A Comparison

Forex.ee Current Popularity Trends

According to Google Trends, here is an overview of how frequently the search term – “Forex.ee” is entered into Google’s search engine over a given period of time.

Forex.ee Pro and cons

Forex.ee Customer Reviews

Forex.ee has a large selection of commodities 

Forex.ee has a large selection of commodities in its asset list. If you’re into commodities trade, this brokerage firm is a great choice! – Anton

Forex.ee offers various rebates

Forex.ee seems to offer a $15 welcome bonus along with extra bonuses for ECN and STP traders. In my opinion, they are good offerings. – Bernice

Affiliate programs

I enjoy the opportunity given by forex brokers to earn an income for referrals through IB and Affiliate programs, filled in my application waiting to see how profitable it can be – Dow

Conclusion

Overall, Forex.ee can be described as a broker which has created a profitable trading environment for clients. Traders are provided with the immensely popular MetaTrader 4 platform through which trades can be executed. Forex.ee has over 10 years of experience in the forex industry however, the broker could benefit from better regulation.

Disclaimer

Forex.ee warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. Before deciding to trade with forex.ee, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

Forex.ee warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, hence Forex.ee cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 50

Regulators

MEAE

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

You might also like: Forex.ee Account Types Overview

You might also like: Forex.ee Demo Account – Step by Step

You might also like: Forex.ee Fees and Spreads

You might also like: Forex.ee Islamic Account Overview

You might also like: Forex.ee Minimum Deposit

You might also like: Forex.ee Sign up Bonus

Frequently Asked Questions

Is Forex.ee fake or a scam broker?

Forex.ee is a regulated broker by the Ministry of Economic Affairs in Estonia

What is the overall rating out of 10 for Forex.ee?

The overall rating for Forex.ee is 7.2/10.

What is the advantage of trading with Forex.ee?

Forex.ee has a wide selection of account types, including a demo account that simulates live trading conditions.

For which type of trader is Forex.ee best suited?

Forex.ee caters to both beginner and advanced traders through a wide selection of account options.

Which platforms are supported by Forex.ee?

Forex.ee provides the popular MT4 trading platforms: