Forex.ee offers two types of ECN accounts, enabling traders to access four different asset classes, from Forex to Crypto, with a minimum deposit of $15 and leverage options of up to 1:500.
Forex.ee broker supports FasaPay and Crypto transactions for deposits and withdrawal. It offers a unique trading pair, Tether Gold (XAUt) and a total of 3 asset classes on TickTrader Android/iOS/Windows/Web versions.
Forex.ee; Company Information and Regulation
ForexEE originated in Estonia in 1998. It’s a brand name of NTS Systems LLC, which was later registered in the UK on 4 May 2004. However, the company registration license in England expired on 12 October 2021. Note that currently, the broker is not regulated by any major financial authority. Key features of Forex.ee:
- Leverage up to 1:500;
- Spreads from 0.0 pips;
- No requotes or interventions;
- True ECN.
Forex.ee Specific Details
ForexEE boasts complete transparency and no conflict of interest with the clients. Let’s look at some of the broker’s specifications.
Broker | Forex.ee |
Account Types | ECN NET, ECN GROSS |
Regulating Authorities | None |
Based Currencies | USD, EUR |
Minimum Deposit | $15 |
Deposit Methods | FasaPay, Crypto |
Withdrawal Methods | FasaPay, Crypto |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:500 |
Investment Options | None |
Trading Platforms & Apps | TickTrader |
Markets | Forex, Metals, Crypto |
Spread | From 0.0 pips |
Commission | 3.5 units of base currency per lot |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 50% |
Trading Features | Economic Calendar, Mobile Trading |
Affiliate Program | Yes |
Bonus & Promotions | Partnership program, Deposit bonus, Free signals, Special commission |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, Phone, Live Chat |
Customer Support Hours | Monday – Friday 7 AM to 4 PM GMT |
Forex.ee Broker Account Offerings
Forex EE prides itself on being a true ECN (Electronic Communication Network) broker, directly connecting to the interbank forex market.
While the broker’s website indicates that there are two account types, Basic and Advanced, when you log in to the client portal and attempt to create a live account, you’ll see that the available types are different. They’re named NET and GROSS.
While the two accounts are basically the same, they differ in regard to order types and the number of positions on the same instrument. Key features of Forex.ee ECN account:
Base Currency | USD, EUR |
Min Deposit | $15 |
Max Leverage | 1:500 |
Min Order Size | 0.01 lots |
Margin Call | 100% |
Stop Out | 50% |
Spreads | Floating from 0.0 pips |
Commission | 3.5 units of base currency per lot |
Swap Free | Available |
Forex.ee Account Opening and Verification
Opening an account with Forex.ee is a straightforward process, but it's important to understand the steps and requirements involved, such as KYC documents.
- Visit the broker’s website at “https://forex.ee/”;
- Click “Open Live”;
- Fill out the registration form;
- Once your “eWallet” is registered, log in to the client portal;
- Click Add account;
- Choose one of the available options and create a live account;
- Provide proof of ID (Passport or driving license), proof of address (utility bill or bank statement), and a selfie with your ID card.
Forex EE Broker Trading Platforms?
We must discuss the platform offerings in this Forex.ee review. The broker utilizes TickTrader as its main trading solution, offering market access across various devices, including:
Forex.ee Fees Explained
The company boasts its competitive trading conditions by offering ECN commissions and spreads from 0.0 pips. As we mentioned before, the commission is 3.5 units per lot.
After exploring trading assets on Forex.ee broker’s web terminal, we can say that the company’s spreads are higher than average. We’ll gather the spread data for some of the most popular financial instruments in the table below.
Markets | Spreads at the time of writing this article (pips) |
EURUSD | 69 |
GBPUSD | 23 |
USDJPY | 122 |
BTCEUR | 7320 |
LTCUSD | 8 |
ETHUSD | 317 |
Gold | 205 |
The company also charges a maintenance fee of up to $10 for inactive accounts, and the reactivation costs $50.
Forex.ee Broker Payment Options
Forex EE offers two main payment methods, including Crypto and FasaPay, to cater to traders from different regions.
Method | Deposit Fee | Deposit Limitations | Withdrawal Fee | Withdrawal Limitations |
FasaPay | Free | $1 - $75,000 | 1% | $1 – $5,000 |
Bitcoin | 0.0002 BTC | 0 – 10,000,000 BTC | 0.0003 BTC | 0.002 – 10,000,000 BTC |
BitcoinCash | Free | 0.01 – 10,000,000 BCH | 0.0001 BCH | 0.01 – 10,000,000 BCH |
Ethereum (USDT, ETH) | 3 USDT | 5 – 1,000,000 USDT | 10 USDT | 30 – 10,000,000 USDT |
Litecoin | Free | 0.01 – 10,000,000 LTC | 0.0005 LTC | 0.1 – 10,000,000 LTC |
Investment Plans and Copy Trading on Forex.ee
As of the latest information available, Forex EE does not offer specific investment plans or copy trading features. It’s a letdown for potential clients who lack the necessary experience to trade on their own.
Forex EE Promotional Plans
Forex.ee offers several bonus plans and a comprehensive IB program to attract and retain traders.
- Deposit Bonus: $15 extra funds on deposits of above $15;
- Free Signals: Coverage for the cost of MQL Signal Service;
- Special Commission: Pay a reduced commission of $1 for up to 8 weeks;
- IB: A multi-level commission-based structure for referring new clients.
Forex.ee Broker Customer Support
Forex EE provides support Monday – Friday from 7 AM to 4 PM GMT through various channels, including:
support@forex.ee | |
Phone | +442035198249 |
Live Chat | Accessible through the client portal |
Forex.ee Broker User Satisfaction
Trust Score may be the most important topic of this Forex.ee review. Despite the long track record, the broker doesn’t have all that many user reviews on reputable websites.
Forex EE profile on TrustPilot (3.7 out of 5.0) has only one comment rating the company as a 5-star broker.
Conclusion and Final Words
Forex.ee is a True ECN broker with a trust score of 3.7 on TrustPilot. It offers various promotions like a $15 deposit bonus and reduced commissions (down to $1). You can deposit and withdraw via 5 cryptocurrencies, including BTC, BCH, ETH, LTC, and USDT.
We also discussed some of the broker's weaknesses in this Forex.ee review, including the lack of licensing from reputable regulatory bodies and the limited support, which is available Monday to Friday from 7 AM to 4 PM GMT.
Note that the services are not available for US citizens or residents. You should consider all of the mentioned factores before opening a real account on Forex.ee broker.
