Forexee

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1:500
Minimum Deposit$50
Year Established2004
RegulationFSA (Saint Vincent and the Grenadines)
Payment methodsCredit cards, e-wallets, bank transfers, Crypto (Bitcoin, Binance, USDT, TRC20, ERC20), Perfect Money
Publicly Traded
Employees100 - 249
Type of BrokerECN/STP
MT4
MT5
Trading AssetsCurrency pairs, metals, commodities, cryptocurrencies, CFDs on stocks
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal FeeVaries by method (e.g., 0.5% for FasaPay, crypto network rates)
Rating★★★ 3.9
Offers Official Website

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Pros and Cons

Pros
  • Diverse instrument selection and global accessibility cater to a broad range of traders.
  • High leverage and low spreads enhance the potential for profitable trading.
  • User-friendly platforms and transparent fee structures simplify the trading experience.
  • Streamlined registration and PAMM trading accounts add convenience and flexibility.
  • Extensive cryptocurrency options provide unique market exposure, supported by responsive customer support.
Cons
  • Unregulated status raises concerns about accountability and investor protection.
  • Limited account types may not fully meet the diverse needs of all traders.
  • Crypto leverage limitations may disappoint those accustomed to higher ratios.
  • Potential dispute resolution challenges may arise due to the absence of regulatory oversight.
  • The exclusive premium account deposit requirement of USD 25,000 may limit accessibility.

Introduction

In the intricate and fast-paced realm of online trading, Forex.ee stands as a formidable entity, having been established in 1998 with its headquarters nestled in the idyllic landscapes of Saint Vincent and the Grenadines.

This forex broker has meticulously carved its niche, offering a distinctive blend of services tailored to a diverse global clientele.

However, the conspicuous absence of regulatory oversight injects an element of both fascination and caution into the narrative.

Founded over two decades ago, Forexee has navigated the undulating waves of financial markets, providing a steadfast platform for traders to immerse themselves in the perpetually evolving panorama of forex and CFDs.

The enduring resilience displayed by the company prompts an in-depth exploration into the factors that delineate this broker from its counterparts.

Key Establishment Details:

  • Established: 1998.
  • Location: Saint Vincent and the Grenadines.
  • Regulation: None.
  • Offices: Kingstown.
  • Broker Type: STP | ECN.
  • Leverage: Up to 1:500.
  • Deposit: From 50 USD.
  • Spreads: Low.
  • Platforms: Web, MetaTrader 4.
  • Instruments: Currencies, Crypto, Metals.
Visit Official Website

Weathering the Storms of Financial Markets

In an industry marked by constant flux, Forexee has not merely survived but thrived, adapting to the dynamic landscape.

Its trajectory serves as a testament to its commitment to providing traders with a stable and reliable environment, irrespective of the challenges presented by market volatility.

Crafting a Unique Identity

Its distinct identity is shaped by a combination of factors, including its establishment in the late ’90s, the strategic choice of Saint Vincent and the Grenadines as its base, and its deliberate decision to operate without regulatory constraints.

This unique blend has positioned it as a notable player, attracting a global audience seeking a trading experience that transcends the conventional.

A Global Canvas

Operating from the scenic Kingstown, Forexee operates as a Straight Through Processing (STP) and Electronic Communication Network (ECN) broker.

With leverage extending up to 1:500, a modest initial deposit requirement of 50 USD, and commendably low spreads, the broker opens its doors to traders worldwide, presenting a canvas enriched with various trading instruments—ranging from traditional currencies and cryptocurrencies to precious metals.

The Technological Nexus

Forex.ee interfaces with traders through a user-friendly Web platform and the widely acclaimed MetaTrader 4 (MT4).

This technological nexus ensures accessibility, efficiency, and a seamless trading experience, aligning with the expectations of both seasoned and novice traders.

A Comprehensive Palette of Instruments

Catering to the diverse preferences of traders, Forex.ee offers an extensive palette of trading instruments, encompassing currencies, cryptocurrencies, and metals.

This broad spectrum allows traders to diversify their portfolios and engage with the ever-expanding array of financial opportunities.

In the ensuing exploration of Forex.ee, we will delve deeper into its distinctive features, explore the benefits and potential concerns associated with its unregulated status.

Moreover, we will unravel the layers that contribute to its allure in the complex tapestry of online trading.

Company Information

Forexee, a legally registered forex broker founded in 1998, operates from Saint Vincent and the Grenadines.

However, it’s worth noting that the broker is not regulated by any government agency.

Availability

Forex.ee welcomes clients from around the world, except for the USA and certain OFAC sanctioned countries.

Distinctive Features

  • PAMM Trading Accounts: Forex.ee boasts its pool of PAMM trading accounts.
  • Tight Spreads: The broker offers competitive spreads on major currency pairs.
  • Simple Registration: Clients appreciate the straightforward registration and verification process.

Trading Instruments

The broker provides a diverse range of trading instruments:

  • 50+ Currency Pairs: Major and minor world currencies.
  • 40+ Crypto Pairs: Bitcoin, Bitcoin Cash, Ethereum, and more.
  • 2 Metal Spot CFDs: Gold and Silver.
Check all the Instruments Available

Comprehensive Review

This broker operates as an unregulated forex and CFD brokerage from the traditional offshore jurisdiction of Saint Vincent and the Grenadines.

While lacking regulation may raise concerns, it comes with some advantages, including a simple onboarding process and high trading leverage, reaching up to 1:500 on select instruments.

Trading Instruments

Forex.ee covers over 50 major and minor FX pairs, along with CFDs on precious metals.

What sets it apart is the extensive offering of cryptocurrencies.

Traders can access various cryptos against multiple fiat currencies, providing exposure beyond typical offerings.

Leverage and Platforms

The broker sticks with the widely popular MetaTrader 4 (MT4) platform, known for its robust algorithm support.

Leverage is notably high, especially on crypto trading, reaching 1:3.

However, it’s crucial to acknowledge that trading with unregulated brokers involves inherent risks.

Account Options

Forex.ee presents various account options, including STP, Basic ECN, Advanced ECN, Premium ECN, and Crypto accounts.

The Premium ECN account, though demanding a substantial deposit of USD 25,000, offers zero-pip spreads and minimal commissions, making it attractive for serious traders.

The Advanced ECN account, requiring a more accessible USD 1,000 deposit, still provides tight spreads from 0 pips.

Funding Methods

Traders have diverse funding options, from credit cards to e-wallets and cryptocurrencies.

While credit and debit cards are accepted free of charge, e-wallets may incur fees ranging from 0.5% to 4%.

Notably, Forex.ee allows cryptocurrency deposits without any charges.

Final Thoughts

Despite being an unregulated broker, it presents compelling advantages for crypto enthusiasts.

With an extensive range of crypto-to-fiat pairs, generous leverage, and fee-free crypto deposits, it’s an intriguing option.

However, traders must weigh the benefits against the risks associated with trading with an unregulated entity. Always exercise caution and thoroughly research before making any financial decisions.

Visit Official Website

FAQ – Frequently Asked Questions

Is Forex.ee regulated?
No, it operates without regulatory oversight.
Where is the company located?
The broker is headquartered in Saint Vincent and the Grenadines, with offices in Kingstown.
What is the minimum deposit required?
The minimum deposit is 50 USD.
What platforms does it support?
Forex.ee supports a web-based platform and MetaTrader 4 (MT4).
How high is the leverage offered?
Forex.ee provides leverage up to 1:500, varying by instrument.
Which funding methods are accepted?
Funding methods include wire transfer, credit cards, Skrill, Neteller, FasaPay, WebMoney, Perfect Money, Qiwi, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Can traders from the USA join Forex.ee?
No, it does not accept clients from the United States.
What are the account types offered?
Forex.ee offers STP, Basic ECN, Advanced ECN, Premium ECN, and Crypto accounts.
Are there fees associated with deposits and withdrawals?
Credit card deposits are free, but e-wallet transactions may incur fees ranging from 0.5% to 4%.
How can traders contact customer support?
Customer support can be reached through the broker’s website, offering live chat and email options for assistance.

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Article written, edited and reviewed by

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Last updated: April 11, 2024