FOREX.EE Forex Broker

Forex Ee Broker - Complete Information Guide

1. Broker Overview

　　Forex.ee is a well-established forex broker that has been operational since 2004. The company is headquartered in Tallinn, Estonia, and operates under the jurisdiction of Saint Vincent and the Grenadines. Forex.ee is privately owned and offers a range of trading services primarily targeting retail clients globally, although it has a particular focus on the Baltic and Scandinavian markets.

　　Since its inception, Forex.ee has undergone significant development, including the adoption of Electronic Communication Network (ECN) and Straight-Through Processing (STP) technologies in 2013, which enhanced its trading execution capabilities. This transition allowed the broker to provide clients with direct access to liquidity providers, facilitating faster order execution and tighter spreads.

　　The parent company behind Forex.ee is Netstock Ltd, which emphasizes transparency and reliability in its operations. Forex.ee's business model focuses on retail forex trading, offering various account types and trading instruments, including currency pairs, commodities, and cryptocurrencies.

　　As a broker, Forex.ee aims to cater to both novice and experienced traders by providing a user-friendly trading environment, competitive pricing, and robust trading platforms. The broker's commitment to delivering high-quality services has positioned it as a notable player in the forex market, making it a preferred choice for many traders.

2. Regulation and Compliance Information

　　Forex.ee operates under the regulatory oversight of the Ministry of Economic Affairs in Estonia. However, it is important to note that it does not hold a license from any tier-1 regulatory authority, which raises concerns regarding the safety of client funds. The regulatory license number is FF A 000219, but this does not provide the same level of investor protection as licenses from more reputable authorities such as the FCA or ASIC.

　　The broker's client funds are not kept in segregated accounts, which poses additional risks to investors. Forex.ee does not participate in any investor compensation schemes, further highlighting the potential risks associated with trading through this broker.

　　To comply with international regulations, Forex.ee implements Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. These measures require clients to verify their identities and provide documentation to prevent fraud and ensure the integrity of the trading environment.

3. Trading Products and Services

　　Forex.ee offers a diverse range of trading products, primarily focusing on over 45 currency pairs, including major, minor, and exotic pairs. In addition to forex trading, the broker provides access to Contract for Difference (CFD) products, including precious metals like gold and silver, as well as cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

　　The broker continually updates its product offerings, ensuring that traders have access to the latest market opportunities. However, the selection of CFDs is somewhat limited compared to other brokers, which may restrict the trading strategies available to clients.

　　Forex.ee also provides retail trading services, catering to individual traders looking to capitalize on market movements. The broker has introduced Percentage Allocation Management Module (PAMM) accounts, allowing investors to allocate their funds to experienced traders for profit-sharing. This service is designed for clients who prefer a more hands-off approach to trading.

4. Trading Platforms and Technology

　　Forex.ee supports the widely recognized MetaTrader 4 (MT4) trading platform, which is known for its user-friendly interface and extensive analytical tools. The platform allows traders to execute trades, analyze market conditions, and utilize automated trading strategies through Expert Advisors (EAs).

　　In addition to MT4, Forex.ee offers the Tick Trader platform, which provides advanced features such as one-click trading and level 2 market depth. This platform is available for desktop, mobile, and web, ensuring that traders can access their accounts and manage their trades from anywhere.

　　The broker operates on an ECN model, which facilitates direct market access and ensures that trades are executed without dealer intervention. This approach minimizes the risk of requotes and enhances the overall trading experience. Forex.ee's servers are strategically located to provide fast order execution and reliable connectivity.

　　Furthermore, the broker supports API access for automated trading, allowing traders to integrate their systems and strategies seamlessly.

5. Account Types and Trading Conditions

　　Forex.ee offers multiple account types to accommodate various trading needs, including:

• STP Account: Minimum deposit of $50, with spreads starting from 0.5 pips and no additional commission fees.
• Basic ECN Account: Minimum deposit of $200, with spreads from 0 pips and a commission of $3.5 per lot.
• Advanced ECN Account: Minimum deposit of $1,000, with a commission of $2.5 per lot.
• Premium ECN Account: Minimum deposit of $25,000, offering the lowest commission of $1.8 per lot.
• Crypto Account: Minimum deposit of $10, specifically for trading cryptocurrencies.

　　Traders can leverage up to 1:500 on forex pairs and metals, while the leverage for cryptocurrencies is limited to 1:3. The minimum trade size across all accounts is 0.01 lots.

　　Forex.ee also imposes an inactivity fee of $10 per month for accounts that remain inactive for over 90 days, along with a $50 reactivation fee.

6. Fund Management

　　Forex.ee supports various deposit methods, including bank transfers, credit cards, and several e-wallets such as Skrill, Neteller, and Fasapay. The minimum deposit requirements vary by account type, with the following structure:

• STP Account: $50
• Basic ECN Account: $200
• Advanced ECN Account: $1,000
• Premium ECN Account: $25,000
• Crypto Account: $10

　　Deposits are typically processed instantly, except for bank transfers, which may take 1-5 business days. Forex.ee does not charge any fees for deposits or withdrawals, but clients may incur fees from their payment providers.

　　Withdrawals can be made through similar methods, with processing times varying from 24 hours for e-wallets to 3-5 business days for bank transfers. The broker has a structured withdrawal fee policy, which may apply based on the chosen method.

7. Customer Support and Educational Resources

　　Forex.ee offers customer support through various channels, including live chat, email, and phone. Support is available from Monday to Friday, between 7 AM and 4 PM GMT. The broker provides assistance in multiple languages, including English and Russian.

　　While Forex.ee does not offer extensive educational resources, it provides basic market analysis and trading tools such as calculators and economic calendars. Traders can access daily market updates and utilize trading calculators for margin and pip value calculations.

8. Regional Coverage and Restrictions

　　Forex.ee serves clients globally, with a focus on regions like Europe and the Baltic states. However, the broker does not accept clients from certain countries, including the United States, Canada, Japan, and several others due to regulatory restrictions.

　　The brokers operations are primarily based in Estonia and Saint Vincent and the Grenadines, allowing it to cater to a diverse clientele while adhering to local regulations.

　　In conclusion, Forex.ee provides a comprehensive trading environment with various account types, competitive trading conditions, and a commitment to customer service. However, potential clients should be aware of the regulatory concerns associated with trading through an unregulated broker. With its focus on providing a user-friendly experience and a range of trading instruments, Forex.ee is well-positioned to meet the needs of both novice and experienced traders.

　　Overall, Forex.ee broker stands out for its innovative trading solutions and commitment to client satisfaction, making it a viable option for those looking to engage in forex and CFD trading.