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Forex.ee – this is a legally registered Forex broker, founded in 1998 in Estonia. In 2004, he moved his office to Saint Vincent and the Grenadines. Broker Forex.ee it offers ECN/STP accounts with a minimum spread, as well as a special cryptocurrency account and service PAMM accounts. Forex.ee accepts clients from all over the world, with the exception of the United States and some other countries.
Forex.ee – regulated broker?
Forex.ee – This is an offshore Forex and CFD brokerage company registered in Saint Vincent and the Grenadines, but not regulated by any government agency. It is important for traders to know that their opportunities are very limited in the event of a dispute with this broker.
However, it should also be noted that trading with an unregulated Forex broker can have certain advantages. Among them is a very simple registration and verification process for new clients and, as a rule, high leverage. In the case of Forex.ee The leverage can reach 1:500 on the most liquid trading instruments, which is much higher than that of brokers from the EU or North America.
What types of accounts does it offer Forex.ee?
Like most other brokers, Forex.ee it offers its clients a choice of a number of different trading accounts:
- STP. A classic account without a commission with a spread of 0.5 pips and a minimum deposit of $50.
- Basic ECN. A basic ECN account with a minimum deposit of $200, spreads from 0 pips and a commission of $3.5 per lot.
- Advanced ECN. The most popular ECN account with a minimum deposit of $1000, zero spread and a reduced commission of $2.5 per lot.
- Premium ECN. An account for professional traders with a minimumwith an initial deposit of $ 25,000, zero spread and a low commission of $1.8 per lot.
- Crypto. A cryptocurrency account with a minimum deposit of $10, a leverage of 1:3 and a commission of 0.5%.
On all accounts, except for cryptocurrency, Islamic accounts are provided on request. The commission for servicing an inactive account is $10 per month, the commission for restoring the account is $50.
In addition, in Forex.ee there is a PAMM account system that allows traders to earn money without capital, but with a good strategy, attracting investors funds. Traders without a strategy, but with a lot of money, can receive passive income by becoming a subscriber to a PAMM account.
Trading Platforms Forex.ee
As for trading platforms, Forex.ee I chose the traditional way of using MT4. Launched in 2005, MT4 is still the most popular platform in the world among retail Forex traders, and it continues to be popular despite the introduction of a newer version of MT5 in 2010. One of the main reasons for this is the wide selection of trading robots (Expert Advisors).
Trading instruments available on Forex.ee They include more than 50 major and minor currency pairs, as well as CFDs based on popular precious metals – gold and silver.
However, this broker is interesting because it also offers an almost unparalleled choice of cryptocurrencies for trading. It not only includes a large number of different cryptocurrencies, but also offers cryptocurrency trading against many traditional fiat currencies. Among them are such cryptocurrencies as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash, Emercoin, Namecoin, Peercoin, Ripple, Monero, IOTA, NEO, OMNI and EOS, which can be traded against the US dollar, the Russian ruble, the euro, the Japanese yen, the Chinese yuan and the pound sterling. However, please note that the leverage when trading cryptocurrency is limited to 1:3.
What is the minimum deposit in Forex.ee?
Minimum deposit in Forex.ee it is $ 50. Financing methods that accepts Forex.ee, include Visa and MasterCard credit and debit cards with a 0% commission, as well as e-wallets such as Neteller, WebMoney and PerfectMoney, are accepted with a commission of 0.5% to 4%.
In addition, Forex.ee also accepts a number of cryptocurrencies as deposits completely free of charge. At the time of writing this review, these cryptocurrencies include Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
New customers Forex.ee They can receive a $ 15 Welcome no Deposit bonus. To do this, you need to open an STP account and send a trading account statement from the previous broker with a deposit of at least $50.
In conclusion, we would like to note that, although Forex.ee is a completely unregulated Forex and CFD broker, it has some obvious advantages, in particular, for crypto traders. These traders can enjoy access to a large number of cryptocurrencies with a leverage of 1:3. Taking into account that the broker also accepts cryptocurrency deposits, we believe that Forex.ee is an interesting broker that is worth considering for many cryptocurrency fans.
Before choosing a broker, we recommend that you read the reviews Forex.ee, and also see our rating of Forex brokers.
|General information of Forex.ee|
|Year of foundation||1998|
|Headquarters||Saint Vincent and the Grenadines|
|EURUSD Spread||0.5 pips|
|Base currencies||USD, EUR, RUB, JPY, AUD, BTC|
|Assets||Currency pairs, metals, cryptocurrencies|
|Deposit replenishment||BankTransfer, Visa/MasterCard, Skrill, Neteller, FasaPay, Perfect Money, BTC, BCH, LTC, ETH, USDT|
|Payment for inaction||10$|
- The year of Foundation 1998
- Head office address First St Vincent Bank Ltd Building, James street, Kingstown, St. Vincent and the Grenadines
- Maximum leverage 1:500
- Min. Deposit $50
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller, FasaPay, Perfect Money, BitCoin
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, FasaPay, Perfect Money, BitCoin
- Number of trading instruments 50
- The number of CFD instruments 43
- The number of metals 2