Forex EE Review – is Forex EE Scam or Legit Broker?

Forex EE

1.9

Rating

1.9/5

Pros

  • Demo Trading Platform
  • Cryptocurrency Trading
  • Established Company

Cons

  • Not Regulated
  • Limited Financial Instruments
  • Live Chat Is Limited

Forex EE was an ECM broker for well more than ten years. Launched in 2004, this forex brokerage provides a remarkable choice of trading platforms and platforms. With all leverage of 1:500, it also spreads as much as pips, that this forex brokerage is renowned for the rapid executions of trades, low commissions, fees, and deposits. Forex EE is actually a customer-centric business where client needs are overriding. The trading balances are all tailored to all kinds of customers, together with Crypto Accounts, STP Accounts, along with ECN Accounts.
Forex EE is owned and operated by NTS Systems Ltd and located in St Vincent and the Grenadines. The business registration number is: 24957 IBC 2018. Customers may be training their forex currency trading using a demo account or put their own trading skills to the evaluation with an account. Low accounts minimum deposit make certain that most traders are able to manage to obtain going doing this specific brokerage. Security and safety is paramount, together with SSL security technology, KYC (Know Your Customer), and AML (Anti Money Laundering) coverages set up.

Overview/ desktop

Forex EE comes with a reputation as being a credible, safe, and transparent forex brokerage. Together with ECM commissions as little as 1, this top forex broker undoubtedly warrants consideration with customers. Professional traders regularly flock to Forex EE to find its countless profits instore. Included in these are no re-quotes, zero interventions, zero restrictions on gambling, absolute transparency, without a conflict of interest. Among the others, the deposit minimums of 50 are tremendously enticing to casual traders, as well as spreads as little as pips and also leverage as large as 1:500, that forex broker undoubtedly offers something for everyone else.

Perhaps the most known profit of trading with Forex EE could be that the complex technology it gives. Successful trading platforms at the shape of MT4 ECN are best for Forex trading together with major currencies, slight pairs, and even exotic money pairs. This broker additionally has profound liquidity, also works together with top-tier foreign banks. Other profits offered by this based brokerage comprise a slippage controller and authentic ECN/STP processing. But customers might want to contact the problem of commingling in their capital using company financing after all segregation of capital isn’t especially advertised.

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Account Types

Clients have use of multiple account types, especially ECN accounts, including STP accounts, along with Cryptocurrency trading balances.

STP accounts – necessitates only a minimum deposit of 50 to start. The minimum trading lot is 0.01, also spreads are low as 0.5. The most leverage is 1:500 also you can find not any commissions. Currencies which may be utilized comprise Japanese yen, Russian ruble, EUR, along with US buck.

Basic ECN accounts – that the minimum amount to start this account is $200, and also the minimum bunch is 0.01. Spreads are low as there is a leverage of 1:500 available.commissions are 5 components of this base money for each 1 lot. Various currencies are encouraged, for example, Bitcoin, Australian dollar, Japanese yen, US dollar, euro, along with Russian ruble.

Advanced ECN accounts – the minimal necessary total start this account is 1000. The minimum lot is 0.01, also spreads are low as 0. Leverage is 1:500, the commission is 2.5 units of base money for every single 1 lot. The equal monies as the simple ECN accounts are all accepted.

Premium ECN accounts – that the top ECN accounts takes no less than 25,000 deposit. The minimum lot is 0.01, and that the spread is too little as 0. Leverage is bound by 1:200, and also that the commission is 1.8 units of this base money per 1 lot. The equal monies as the essential and high-level ECN accounts are all accepted.

The Crypto accounts – that the crypto accounts usually require a minimum deposit of 10. The minimum lot is 0.01, and also the disperse is dependent upon the liquidity on the marketplace. Leverage is low using crypto money, in 1:3.commissions are 0.5percent of trade volume at the currency. The monies which are recognized with all the crypto account comprise LTC, MBT, USD, RUB, and EUR.

Clients may additionally open demonstration accounts of any one of those above account types. It needs to be noted there are maintenance fees on a predetermined account of $10 a month, and a reactivation fee of $50 is going to be levied.

Trading Platform/ applications

The trading platform in Forex EE is currently Meta Trader 4. This is the entire world ‘s leading forex currency trading platform. The applications for MT4 premiered in 2005, also was somewhat updated from recent years after all. MetaTrader 4 additionally lets EAs (Expert Advisors), which is proficient at assessing trading activity along with helping customers to gain their profitability. EAs on MT4 make use of the MQL4 programming language. One of the countless profits of this trading platform in Forex EE is complex charting features having the complete assortment of technical analysis applications, a quick click on trading, along with charts/graphs, as well as different technical indicators.

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MetaTrader 4 additionally permits full cellular trading functionality to Android along with iOS apparatus. It’s fully compatible with Linux, PC and Mac. A Complete package of trading applications May Be Used over the MT4 platform, such as One Click Trading Level 2, Margin and Pip Value Calculations, Currency Exchange Rates, along with Commission Calculators. Forex EE customers may also attempt signs at no cost. The signal providers can readily get in touch with an ECN account or a STP account. The trading platform supports tight spreads, low fees and commissions, and enticing trading requirements.

Deposit options

Forex EE provides the complete spread of residue options to customers. These generally include credit cards (Visa and MasterCard), wire transfer, electronic payment options (Skrill, Web Money, NETELLER, Perfect Money, Visa Qiwi Wallet, Fasapay, Bitcoin, Bitcoin Cash, Litecoin, Ethereum), along with internal transfers. The common currencies which are encouraged range from the USD, EUR, JPY, CNY, AUD, along with IDR. There are no commissions on credit card deposits, however, there are commissions and fees on certain digital payment procedures.

Markets

Forex EE supplies a variety of forex pairs for both traders in demonstration mode and real money mode. Popular pairs comprise EUR/USD, AUD/USD, EUR/JPY, USD/JPY, GBP/USD, GBP/EUR, GBP/JPY and many others. Cryptocurrency pairs can also be available like BTC/USD.

Bonuses

At the time of writing, Forex EE has been also offering a brand new welcome bonus of $ 1-5 to get STP (straight-through processing) accounts. Traders have to enroll to an STP accounts and contact with the client care team using their private account manager. This promotional market became busier on September 1, 2015.

Customer Support

Forex EE supplies a variety of support options, including support mails, cell phone numbers along with a physical speech, FAQs and live chat. All those options is briefly discussed down from:

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Telephone Number – 44-203-519-82494 overall questions medially the hours of 7 AM and 4 PM GMT, Monday through Friday.

Customer service email – [emailprotected] or [emailprotected], or [emailprotected]

Physical Address –

NTS Systems Ltd.
First St Vincent Bank Ltd Building, James Street,
Kingstown, St. Vincent and the Grenadines

Live discussion functionality – live-chat has been powered by Jivochat. Customer care agents are standing by to help with trading, technical, enrollment, and account-related info. This could be the fastest solution to obtain in contact a professional service representative once they’re readily available.

Safety

Safety and security is definitely an important quality of Forex trading brokerages. Regrettably, we’re unable to locate any regulatory governments sanctioning this forex currency trading broker. It’s enrolled in Estonia with the Ministry of Economic Affairs but there’s scant evidence to indicate it is authorised to offer services. The jurisdiction tasked for here could be that the Estonian Financial Supervisory Authority (EFSA), also this body supposedly cautioned from the provider which possesses Forex EE.

Ease of Use

Forex EE really does a nice job of trading activity. Different account types are all tailored to various kinds of traders, and also all these are displayed on site. Further, most customers may enjoy 1-click functionality on the esteemed MT4 (MetaTrader 4) platform on PC, Mac, Linux, Android or even iOS apparatus. This trading brokerage has been targeted towards casual traders and institutional traders, and comes with a vast selection of fundamental and technical analysis, applications as well as different elements.

Final Thoughts

Forex EE provides a decent assortment of currencies that are significant, pairs that are minor, and also currency pairs that are exotic. Additionally, it includes several commodities and cryptocurrencies. There are lots of and points to consider, especially the addition of a Demo Trading platform and lots of different account types such as traders. Probably the most concerning issue is the dearth of regulation on this site.

Internet Site:
www.forex.ee/en/
Telephone:
44-203-519-82494
Legislation:
Not Regulated
Pairs provided:
Significant pairs, including Minor pairs, Exotic pairs, Cryptocurrency pairs
Minimum Deposit:
$50
Spreads From:
1.1 PIPs
Max Leverage:
500:1
Markets:
Forex, Cryptocurrency, and Commodities