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FOREX.EE

Saint Vincent and the Grenadines|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

https://www.forexee.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

NetStockECN-Demo STP

United States
MT4
4

Influence

D

Influence index NO.1

Israel 2.49

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
NetStockECN-Demo STP MT4
Server Location United States

Influence

Influence

D

Influence index NO.1

Israel 2.49

Surpassed 55.95% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 2035198249
support@forexee.com
https://www.forexee.com/en/
First St Vincent Bank Ltd Building, James street, Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02

Contact number

English

+44 2035198249

Broker Information

More

Company Name

NTS Systems Ltd

Company Abbreviation

FOREX.EE

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-06-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FOREX.EE · WikiFX Survey

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FOREX.EE · Company Summary

Aspect Information
Company Name ForexEE
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 2012
Regulation Not regulated
Minimum Deposit $100
Maximum Leverage Up to 1:500
Spreads From 0 pips
Trading Platforms TickTrader Desktop Terminal, TickTrader Mobile Terminal, TickTrader Web Terminal
Tradable Assets Forex, CFDs on stocks, indices, commodities, cryptocurrencies
Account Types Basic ECN, Advanced ECN
Customer Support 24/5 support via live chat, email, and phone
Deposit & Withdrawal Various methods available
Educational Resources Market news, economic calendar, help & FAQ

Overview of ForexEE

ForexEE is a financial trading company based in Saint Vincent and the Grenadines, established in 2012. Notably, it operates without specific regulatory oversight, which may raise concerns about transparency and consumer protection. The minimum deposit requirement is set at $100, making it accessible to a wide range of traders. The broker offers a competitive maximum leverage of up to 1:500 and boasts spreads that can be as tight as 0 pips, providing cost-effective trading conditions.

ForexEE provides a range of trading platforms, including TickTrader Desktop Terminal, TickTrader Mobile Terminal, and TickTrader Web Terminal, catering to traders who prefer various devices for their trading activities. The broker offers a diverse array of tradable assets, including Forex, CFDs on stocks, indices, commodities, and cryptocurrencies, allowing traders to diversify their portfolios.

Overview of ForexEE

Is FOREX.EE legit or a scam?

FOREX.EE operates without regulation, which can raise concerns about the transparency and oversight of the exchange. Unregulated platforms lack the safeguards and legal protections typically provided by regulatory authorities. This absence of oversight can increase the risk of fraud, market manipulation, and security breaches. Additionally, without proper regulation, users may encounter difficulties when seeking recourse or resolving disputes. The lack of regulatory oversight can also contribute to a less transparent trading environment, making it challenging for users to evaluate the legitimacy and reliability of the exchange.

Pros and Cons

Pros Cons
Wide range of cryptocurrencies available No regulatory authority oversight
Leverage up to 1:500 Not available in some countries or regions
Spreads from 0 pips Deposit and withdrawal fees
No trading restrictions
Easy to use

Pros:

  1. Wide range of cryptocurrencies available: ForexEE offers a variety of cryptocurrencies for trading, allowing you to diversify your portfolio and take advantage of the dynamic crypto market.

  2. Leverage up to 1:500: The high leverage offered by ForexEE can amplify your trading potential. It allows you to control larger positions with a relatively small amount of capital. However, it's important to use leverage cautiously, as it also increases the risk of significant losses.

  3. Spreads from 0 pips: ForexEE provides competitive spreads that can start from as low as 0 pips during favorable market conditions. Tight spreads can reduce trading costs and make it more cost-effective to enter and exit trades.

  4. No trading restrictions: ForexEE typically does not impose stringent trading restrictions, providing you with flexibility in your trading strategies.

  5. Easy to use: The platform is designed to be user-friendly, making it accessible to traders of all levels of experience. This ease of use can be especially beneficial for beginners.

Cons:

  1. No regulatory authority oversight: ForexEE operates without regulation from any governmental authority. The absence of regulatory oversight means that there may be limited legal protections for traders, and disputes or issues may be challenging to resolve.

  2. Not available in some countries or regions: Due to regulatory constraints or other factors, ForexEE may not be available for traders in certain countries or regions. It's important to verify whether the platform is accessible in your area before opening an account.

  3. Deposit and withdrawal fees: ForexEE may charge fees for depositing and withdrawing funds from your trading account. These fees can vary depending on the method you choose. Traders should be aware of these costs when managing their accounts.

Pros and Cons

Market Instruments

FOREX.EE offers a selection of trading assets, including:

  1. FX Spot CFDs: This category comprises Forex (foreign exchange) trading, allowing you to trade currency pairs. With FX Spot CFDs, you speculate on the relative value of one currency against another. It provides opportunities to profit from fluctuations in exchange rates between major global currencies. Common currency pairs include EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen), and many others.

  2. Spot Metals CFDs: Spot Metals trading allows you to speculate on the prices of various precious metals and industrial commodities. This category typically includes metals like gold, silver, platinum, and palladium. Trading Spot Metals CFDs can provide diversification and exposure to different markets, as these assets often respond to various economic and geopolitical factors.

These trading assets offer a diverse range of investment opportunities, allowing traders to build diversified portfolios and take advantage of market movements in the foreign exchange and metals markets. It's important to conduct thorough research and analysis to make informed trading decisions in these markets.

Account Types

ForexEE offers two types of ECN accounts, each providing attractive trading conditions with no requotes, tight spreads, and the ability to trade during periods of higher market volatility. Both of these accounts operate on ECN technology, ensuring that all trades are processed directly to the market without any interference from the broker.

Basic ECN Account:The Basic ECN account requires a minimum deposit of USD 100 to open. Traders can start with a minimum lot size of 0.01 and enjoy spreads starting from 0 pips. This account type offers a maximum leverage of 1:500, allowing for significant position amplification. Traders on the Basic ECN account are subject to a commission of 3.5 units of the base currency per 1 lot traded. Multiple currency options are available, including USD, EUR, RUB, JPY, AUD, and even BTC. Moreover, the Basic ECN account is swap-free, making it suitable for traders with specific requirements in this regard.

Advanced ECN Account:For traders seeking even more competitive conditions, the Advanced ECN account is available with a minimum deposit requirement of USD 1,000. The minimum lot size remains at 0.01, and spreads start from 0 pips, providing cost-effective trading. This account type also offers a generous maximum leverage of 1:500. The commission for traders on the Advanced ECN account is lower, at 2.5 units of the base currency per 1 lot traded. Like the Basic ECN account, the Advanced ECN account supports multiple currencies, including USD, EUR, RUB, JPY, AUD, and BTC. Additionally, the Advanced ECN account is swap-free, accommodating traders who require this feature for their trading strategies.

These two ECN account types cater to traders with varying preferences and capital levels, offering flexibility and choice in their trading experience on the ForexEE platform.

How to Open an Account?

To open a TickTrader account with ForexEE, you can choose from two types: ECN Gross and ECN Net. Here's a step-by-step guide on how to open a TickTrader ECN account:

  1. Access the ForexEE Client Portal: Begin by accessing the ForexEE Client Portal. Once you're logged in, you can start the account opening process.

  2. Agree to Terms: Review and accept the terms of the agreement by selecting the “I agree” option. After accepting the terms, click the “Next” button to proceed.

  3. Account Configuration: At this stage, you will need to configure your TickTrader ECN account. Choose your preferred Account Currency, which can be in USD, EUR, or RUB. Additionally, select the Leverage level that suits your trading preferences, ranging from 1:1 to 1:500.

  4. Registration: After selecting your account currency and leverage, click the “Register” button to complete the registration process.

  5. Account Details: Once your TickTrader ECN account is successfully registered, your account details will be displayed on the screen. These details typically include your Login, Trader password, and the Server address. These credentials will also be sent to your email.

  6. Begin Trading: With your account details in hand, you can now start trading on the TickTrader platform. You can use the provided Login and Trader password to access your account through the trading Terminal or API.

Opening a TickTrader account with ForexEE allows you to access their trading platform, and you can begin trading in the financial markets according to your chosen account type and preferences.

How to Open an Account?

Leverage

ForexEE offers a maximum leverage of 1:500 on their ECN accounts. This means that for every unit of capital you invest, you can control a position that is up to 500 times larger. Leverage can amplify both potential profits and losses, making it an essential factor to consider in your trading strategy.

The high leverage offered by ForexEE provides traders with the opportunity to trade larger positions and potentially increase their trading capacity, but it also comes with increased risk. Therefore, it's crucial for traders to use leverage wisely and be aware of the potential risks associated with it in their trading activities.

Spreads & Commissions

ForexEE provides competitive spreads and transparent commission structures on their ECN accounts. Here's a breakdown of the spreads and commissions for each account type:

Basic ECN Account:

  • Spread: From 0 pips, which means spreads can be as tight as zero during certain market conditions.

  • Commission: Traders on the Basic ECN account are charged a commission of 3.5 units of the base currency per 1 lot (which is equivalent to $100,000 in trading volume).

  • Currency: This account type offers multiple base currency options, including USD, EUR, RUB, JPY, AUD, and even BTC.

  • Swap Free: The Basic ECN account is swap-free, making it suitable for traders who require Islamic accounts.

Advanced ECN Account:

  • Spread: From 0 pips, indicating that spreads can be extremely tight under favorable market conditions.

  • Commission: Traders on the Advanced ECN account benefit from a reduced commission of 2.5 units of the base currency per 1 lot.

  • Currency: Similar to the Basic ECN account, the Advanced ECN account offers a range of base currency options, including USD, EUR, RUB, JPY, AUD, and BTC.

  • Swap Free: The Advanced ECN account is also swap-free, catering to traders who need Islamic accounts.

The competitive spreads and transparent commission structures offered by ForexEE's ECN accounts can provide traders with a cost-effective and flexible trading environment. The ability to choose from various base currencies and the option for swap-free accounts make it accessible to a wide range of traders, including those with specific trading preferences or requirements.

Account Type Spread Commission Base Currencies Swap Free
Basic ECN Account From 0 pips 3.5 units of base currency per 1 lot USD, EUR, RUB, JPY, AUD, BTC Yes
Advanced ECN Account From 0 pips 2.5 units of base currency per 1 lot USD, EUR, RUB, JPY, AUD, BTC Yes

Trading Platform

ForexEE provides traders with access to the TickTrader trading platform through multiple versions, including the TickTrader Desktop Terminal, TickTrader Mobile Terminal, and TickTrader Web Terminal.

  1. TickTrader Desktop Terminal: This is a comprehensive desktop trading application that offers a range of advanced features. Traders can access real-time market data, execute orders, analyze charts, and manage their trading accounts all from their desktop computers. The TickTrader Desktop Terminal is known for its user-friendly interface, making it suitable for traders of all experience levels. It provides advanced charting tools, technical indicators, and customizable chart templates, allowing for in-depth technical analysis. Additionally, traders can employ Expert Advisors (EAs) for automated trading and take advantage of one-click trading for quick order execution.

  2. TickTrader Mobile Terminal: For traders who prefer the flexibility of trading on the go, ForexEE offers the TickTrader Mobile Terminal. This mobile application is available on both Android and iOS devices, enabling traders to access their accounts and execute trades from smartphones and tablets. The mobile terminal provides real-time market data, interactive charts, and a user-friendly interface for efficient trading. It allows traders to stay connected to the markets, manage their positions, and receive important updates while away from their desktop computers.

  3. TickTrader Web Terminal: The TickTrader Web Terminal is a browser-based platform that does not require any downloads or installations. Traders can access it from their web browsers on various devices and operating systems. It offers a convenient and flexible way to trade from any location with internet access. The web terminal provides real-time market data, order execution, and account management tools. Its user-friendly interface makes it accessible to both novice and experienced traders. Traders can access their accounts, monitor the markets, and execute trades seamlessly through the web-based platform.

These different versions of the TickTrader platform cater to traders' diverse preferences and trading styles, ensuring that they can engage in trading with the convenience and tools they need, whether they are at their desktop, on a mobile device, or using a web browser.

Trading Platform

Deposit & Withdrawal

ForexEE offers a variety of payment methods for both deposits and withdrawals, providing traders with flexibility in managing their accounts. Here's a breakdown of the accepted currencies, minimum and maximum amounts, as well as any associated commissions and fees for both deposits and withdrawals:

DEPOSITS:

Payment Method Accepted Currencies Commission & Fees Minimum Amount Maximum Amount
FasaPay USD / IDR Free 0.01 USD / 1,000 IDR 75,000 USD / 700,000,000 IDR
Bitcoin (BTC) BTC 0.0003 BTC 0 BTC 10,000,000 BTC
BitcoinCash (BCH) BCH 0.0001 BCH 0.01 BCH 10,000,000 BCH
Ethereum UST / ETH 5 UST / 0.001 ETH 5 UST / 0.01 ETH 1,000,000 UST / 10,000,000 ETH
Litecoin (LTC) LTC Free 0.01 LTC 10,000,000 LTC

WITHDRAWALS:

Payment Method Accepted Currencies Commission & Fees Minimum Amount Maximum Amount
FasaPay USD / IDR 0.50% 1 USD / 10,000 IDR 75,000 USD / 700,000,000 IDR
Bitcoin (BTC) BTC 0.001 BTC 0.002 BTC 10,000,000 BTC
BitcoinCash (BCH) BCH 0.001 BCH 0.01 BCH 10,000,000 BCH
Ethereum UST / ETH 30 UST / 0.01 ETH 30 UST / 0.01 ETH 1,000,000 UST / 10,000,000 ETH
Litecoin (LTC) LTC 0.01 LTC 0.1 LTC 10,000,000 LTC

These various deposit and withdrawal options cater to the diverse needs of traders, allowing them to choose the method that best suits their preferences and requirements. The availability of different cryptocurrencies and fiat currencies provides flexibility for managing their ForexEE accounts.

Customer Support

ForexEE offers customer support through their Customer Support & Partnership Department, which operates during the following hours: Monday to Friday, from 7 AM to 4 PM GMT. This department serves as the primary point of contact for addressing customer inquiries and partnership-related matters.

For any assistance or inquiries, you can reach out to ForexEE's customer support team via email at support@forex.ee. They are available during their working hours to respond to your questions and provide the necessary support.

Please note that their working hours are specified as per the GMT timezone, so be sure to consider the time zone difference when contacting them. This customer support channel is an essential resource for traders to seek assistance, resolve issues, or gain insights into their trading activities.

Educational Resources

ForexEE offers a range of educational resources and tools to assist traders in making informed decisions and staying updated on market developments. Here's a description of some of their educational resources:

  1. Market News:ForexEE provides a valuable resource through their Market News section. This section offers regular updates and analyses of financial markets, including Forex, stocks, indices, and cryptocurrencies. Traders can access this feature to stay informed about the latest market trends, news, and events that may impact their trading decisions. Market News is a fundamental tool for traders looking to gain insights into the market's current conditions.

  2. Economic Calendar:The Economic Calendar on ForexEE is an essential tool for traders who want to keep track of significant economic events, announcements, and indicators that can influence market movements. This calendar provides detailed information about upcoming economic releases, such as GDP reports, interest rate decisions, employment figures, and more. By consulting the Economic Calendar, traders can plan their strategies around key economic events.

  3. Help & FAQ:The Help & FAQ section is a valuable resource for both new and experienced traders. Here, traders can find answers to commonly asked questions about trading on the ForexEE platform, account management, trading strategies, and technical inquiries. This FAQ section is designed to provide quick and accessible solutions to common queries, ensuring traders can navigate their trading experience with confidence.

These educational resources are instrumental in supporting traders in their decision-making processes and helping them stay informed about market developments, economic events, and platform-related inquiries. Traders can use these tools to enhance their trading knowledge and make well-informed decisions in the dynamic world of financial markets.

Conclusion

In conclusion, ForexEE offers traders a diverse selection of cryptocurrencies, high leverage options, competitive spreads, and a user-friendly platform. This accessibility and flexibility can be particularly appealing to both novice and experienced traders.

However, it's important to note that ForexEE operates without regulatory oversight, which may raise concerns about investor protection and dispute resolution. Additionally, the availability of certain features like high leverage may be limited in specific countries or regions. Traders should carefully consider these advantages and disadvantages in the context of their individual trading needs and risk tolerance.

FAQs

Q: What trading platforms does ForexEE offer?

A: ForexEE provides the TickTrader Desktop Terminal, TickTrader Mobile Terminal, and TickTrader Web Terminal for your trading convenience.

Q: Can I access educational resources on ForexEE?

A: ForexEE offers educational resources like market news, an economic calendar, and a help & FAQ section to assist traders in making informed decisions.

Q: What is the minimum deposit required to open an account with ForexEE?

A: You can start trading with ForexEE by depositing a minimum of $100.

Q: Does ForexEE provide customer support?

A: Yes, ForexEE offers 24/5 customer support through live chat, email, and phone to assist traders with their inquiries and concerns.

Q: Is there a maximum leverage available on ForexEE?

A: Yes, ForexEE offers leverage of up to 1:500, providing traders with enhanced trading potential.

Q: What types of accounts are offered by ForexEE?

A: ForexEE presents two types of ECN accounts, Basic ECN, and Advanced ECN, each with its unique features and trading conditions.

News

Bank of Russia Blacklisted Forex.ee

NewsBank of Russia Blacklisted Forex.ee

2024-04-22 19:43

The Bank of Russia has added Forex.ee, to the list of firms suspected of engaging in illegal financial dealings. As usual, the regulator did not provide the physical address of the online broker.

WikiFX
2024-04-22 19:43
News
Bank of Russia Blacklisted Forex.ee

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FX1335069569
more than one year
Used to trade with it and its mt4 trading surprised me at that time. I left this platform soon, for its withdrawal process were extremely slow. My advice is trying to find some legit broker if you really want to try forex trading.
2023-03-13 09:55
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