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Rating Index

Pros

Affordable minimum deposit options starting at $10 for cryptocurrencies and $50 for other accounts.

Supports scalping, high-speed trading, and algorithmic trading with tight spreads across all account types.

Offers a variety of account types, including STP and ECN, catering to different trading strategies and preferences.

Cons

Lacks regulation from a reputable financial supervisory authority, raising concerns about safety and trustworthiness.

Limited range of payment methods, particularly for electronic wallets, which may inconvenience some traders.

The selection of trading assets is smaller compared to other brokers, with a focus primarily on currency pairs.

FOREX.EE broker Accounts

Forex.ee Account Types

Forex.ee offers six distinct account types designed to cater to various trading needs and preferences:

STP Account

Minimum Deposit: $50
Spread: From 0.5 pips
Commission: No commissions
Maximum Leverage: 1:500
Execution Type: STP
Swap-Free Available: Yes

Basic ECN Account

Minimum Deposit: $200
Spread: From 0.0 pips
Commission: 3.5 units of base currency per lot
Maximum Leverage: 1:500
Execution Type: ECN
Swap-Free Available: Yes

Advanced ECN Account

Minimum Deposit: $1,000
Spread: From 0.0 pips
Commission: 2.5 units of base currency per lot
Maximum Leverage: 1:500
Execution Type: ECN
Swap-Free Available: Yes

Premium ECN Account

Minimum Deposit: $25,000
Spread: From 0.0 pips
Commission: 1.8 units of base currency per lot
Maximum Leverage: 1:200
Execution Type: ECN
Swap-Free Available: Yes

Crypto Account

Minimum Deposit: $10
Spread: Depends on liquidity
Commission: 0.5% of trade volume in base currency
Maximum Leverage: 1:3
Execution Type: ECN
Swap-Free Available: No

PAMM Account

Designed for money managers to trade on behalf of investors, combining the capital of multiple clients for trading in the forex market.

Forex.ee Broker Account Opening Process

To open an account with Forex.ee, follow these steps:

Visit the Forex.ee Website: Go to Forex.ee.
Open Live Account: Click on the "Open Live" button on the homepage.
Registration Form: Fill out the registration form with your email address and contact details.
Account Verification: Provide identification documents (passport or driving license) and proof of address (utility bill or bank statement).
Choose Account Type: After your main account is registered, log in to the client portal and select "Add Account" to choose your desired account type from the available options.
Deposit Funds: Fund your account using one of the available deposit methods, such as bank transfer, credit card, or various e-wallets.

The minimum deposit required to open an account is $50 for the STP account, $200 for the Basic ECN account, and varies for other account types. The account activation time is typically 24 hours.