EED Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
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In the last months, the customer service was normal and I made profits. I wanted to withdraw after XAU/USD prices dropping. Then I found the portal was unavailable and the withdrawal was rejected. Did it run away? Where was the customer service.
Ask me to consult my superior
In this comprehensive review of EED, we delve into the experiences of users and expert insights, revealing a broker that operates under a cloud of mixed reviews. While some users have reported satisfactory experiences, including profitable trades, others have raised serious concerns about withdrawal issues and lack of regulation. Key features include the use of MetaTrader 4 and 5 platforms, but the overall trustworthiness of EED remains questionable.
Note: It is essential to recognize that the regulatory landscape varies significantly across different regions, impacting the legitimacy of brokers like EED. We have taken a balanced approach to ensure fairness and accuracy in our evaluation.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
We assess brokers based on user feedback, expert analysis, and factual data.
Founded in recent years, EED operates under the name EED Group Limited and is registered in the United Kingdom. The broker primarily offers trading through MetaTrader 4 and 5 platforms, providing access to a range of asset classes, including forex, CFDs, and commodities. However, a significant drawback is the absence of reputable regulatory oversight, which raises concerns about its reliability and safety for traders.
EED is reportedly unregulated, which is a significant red flag for potential investors. Lack of regulation often leads to questionable practices and a higher risk of fraud. Users should exercise caution when trading with EED, especially given the numerous online complaints regarding withdrawals and customer support.
EED allows deposits in various currencies, but specific details about withdrawal methods remain unclear. Users have reported difficulties in withdrawing funds, with some claiming that withdrawal requests were denied or left unanswered. This has contributed to a negative perception of the broker's reliability.
The minimum deposit required to open an account with EED is not explicitly stated in the available sources. However, traders should be prepared for potential hidden fees that could arise during the deposit and withdrawal processes.
EED does not appear to offer any significant bonuses or promotions, which is common among brokers lacking regulatory oversight. This absence may indicate a focus on maintaining lower operational costs rather than attracting new clients through incentives.
EED provides access to a variety of trading instruments, including major and minor forex pairs, commodities, and CFDs. However, the limited range of available assets may not appeal to all traders, especially those looking for a more diverse portfolio.
The exact spreads and fees associated with trading on EED's platform are not readily available, making it challenging for users to assess the cost-effectiveness of trading with this broker. Some users have reported high costs associated with trading, which may affect overall profitability.
EED offers leverage options, but the specific ratios are not clearly defined in the available reviews. Traders should be cautious when using high leverage, as it can amplify both gains and losses.
EED primarily utilizes the MetaTrader 4 and 5 platforms, which are well-regarded in the trading community for their user-friendly interfaces and robust features. However, the lack of proprietary platforms may limit the broker's appeal to more advanced traders seeking specialized tools.
EED does not explicitly state which regions are restricted, but given its unregulated status, it is advisable for traders from regions with stringent regulations to avoid this broker.
Customer service options and languages supported by EED are not clearly detailed in the reviews. However, users have expressed dissatisfaction with the responsiveness and effectiveness of customer support, which could be a significant drawback for potential clients.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service | 3 |
| Trading Experience | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
Account Conditions: EED's account conditions are lacking, with users citing withdrawal issues and unclear terms. The absence of regulatory oversight further compounds these concerns.
Tools and Resources: While EED offers the widely-used MetaTrader platforms, the overall lack of educational resources and trading tools may deter novice traders.
Customer Service: Feedback indicates that customer service is a significant area of concern, with reports of unresponsive support and unresolved withdrawal requests.
Trading Experience: Users have reported mixed trading experiences, with some achieving profits while others faced difficulties, particularly with withdrawals.
Trustworthiness: The lack of regulation and numerous complaints about withdrawal issues contribute to a low trust rating for EED.
User Experience: Overall user experience appears to be compromised by customer service issues and regulatory concerns, leading to a generally negative perception.
In conclusion, while EED may offer some trading opportunities, the significant concerns regarding its regulatory status, customer service, and withdrawal processes should make potential investors think twice before engaging with this broker. As always, thorough research and caution are advised when selecting a forex broker.
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