Forex.ee is an online brokerage company headquartered in Estonia. It was established back in 1998 and has been giving clients access to global financial markets since then. The business was enshrined from one core objective- to carry out innovative trading for all kinds of traders from across the world. This goal still stands as its stronghold even up to this day, with clients provided with authentic ECN, STP, and Crypto accounts.
Forex.ee’s utilization of Electronic Communications Network is proven beneficial for both brokers and clients. This removes conflict of interest between the two parties while enhancing algorithmic functions to make trading more efficient. In addition to this, Forex.ee never falls short in terms of spreads and liquidity. Its ultra-low commission also comes as one of the commendable features that clients may enjoy upon subscription.
Forex.ee Account Selection
Interested parties are provided with five live accounts- all wired with unique conditions and tailor-made to provide a diverse selection.
STP Account- The Straight-Through-Process account requires a minimum deposit of $50. For an amount, users are given a decent set of base currency such as USD, EUR, RUB, and JPY. Much of its conditions fall within industry standard including its minimum trade size of 0.01 and spreads starting from 0.5 pips. In addition to this, clients are provided with a generous leverage of up to 1:500 without any commission.
Basic ECN Account- Clients need to have a minimum deposit of $200 to open the Electronic and Communication Network type of account. Its trading conditions include a trade size as low as 0.01 lots and a minimum spread of 0 pips. This account’s leverage is also excellent as it can be enjoyed up to as high as 1:200. However, there is an added commission of 5 base currency per 1 lot.
Advanced ECN Account- For a minimum deposit of $1,000, users are given a trade size of 0.01 lots. This account’s spreads starts at 0 pips, while the leverage is up to 1:500. Moreover, its commission is quite smaller and it is quoted at 2.5 bas currency per lot. Similar with the aforementioned accounts, it can be converted into swap-free versions.
Premium ECN Account- This is the most advanced among Forex.ee’s ECN accounts since its functions are premium. To open this, clients need to deposit a minimum of $25,000. Its features bear similarity with the starter ECN account, only that it has lower and restricted leverage of 1:200. More so, it has smaller commission quoted at 1.8 base currency per lot.
Crypto Account- This is the most trader-friendly account that Forex.ee offers. For a minimum deposit of $10, clients are provided with an impressive selection of virtual coins – all can be processed through ECN. It has floating spreads which means it purely depends on the liquidity level.
Platforms
Forex.ee is a MetaTrader-powered platform. It offers the popular MT4 as its primary system and with this, clients may enjoy various optimum trading tools- be it in-house analytics or external plug-ins. This system was initially introduced back in 2005 and since its inception, it has underwent intensive innovation and developments for clients’ demands. One of the salient features of this is its Expert Advisors. Using this, fundamental and technical analyses are made more efficient through automation. This also renders more accurate chartings since it utilizes a higher level of trading algorithm.
Additional Features
Customer Support-Forex.ee only utilizes email and telephone as its means to communicate with clients. One would find this inadequate as other brokers have live chat feature and social media networks. However, FOrex.ee’s customer supported is thorough and specific that it dedicated four divisions for customer assistance. Individuals with queries may check the lines below.
General Questions:
Email: [email protected]
Tel: +442035198249
Customer Support:
Email: [email protected]
Live chat is available.
Trading Departments:
Email: [email protected]
Tel: +442035198249
Partnership Department:
Email: [email protected]
Tel: +442035198249
Education and Research- As for Forex.ee’s education section, it is inarguably lacking and inadequate. Its official website bears an analytics section that showcases a stream of financial news, and economic calendars. It also provides regular market analysis, but apart from that, there’s no other materials to facilitate trading education and research.
Conclusion
Forex.ee never lags behind in terms of account selection. However, its accounts’ conditions and offers are similar to each other. Checking out its asset classes, it also is excellent- only that commodities and indices are not that diverse. But if we are to talk about rapid execution, security and legitimacy, Forex.ee stands as one of the ideal brokerage companies in the market up to date.