Score

1.54 /10
Danger

FOREX.EE

United Kingdom

5-10 years

Suspicious Regulatory License

High potential risk

D

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Comparison

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Website

Score

Regulatory Index0.00

Business Index7.20

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

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

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Broker Information

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Company Name

NTS Systems Ltd

Company Abbreviation

FOREX.EE

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FOREX.EE · Company summary

Note: FOREX.EE' official website: https://www.forexee.com/ is currently inaccessible normally.

FOREX.EE Review Summary
Founded2013
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market Instruments45 currency pairs, gold and silver
Demo Account
LeverageUp to 1:500
SpreadFrom 0.5 pips (STP account)
Trading PlatformMT4
Min Deposit$50
Customer SupportPhone: +44 2035198249
Email: support@forexee.com
Address: First St Vincent Bank Ltd Building, James street, Kingstown, St. Vincent and the Grenadines

ForexEE is a financial trading company. The minimum deposit requirement is set at $50. ForexEE provides a diverse array of tradable assets traded on MT4. It offers many types of live accounts, demo and Islamic accounts. However, it is under unregulated status and the traders from the U.S. have no access to trade with it.

ForexEE's homepage

Pros and Cons

Pros Cons
MT4 availableNot regulated
Flexible leverage ratiosInaccessible website
Low spreadsCommissions and inactive fees charged
Regional restriction

Is FOREX.EE Legit?

FOREX.EE has no regulation. Besides, as of now, their website is not available.

No license

What Can I Trade on FOREX.EE?

FOREX.EE offers trading in 45 currency pairs, gold and silver.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds

Account Type

FOREX.EE offers five types of accounts: the STP, Basic ECN, Advanced ECN, Premium ECN and Crypto accounts with the minimum deposit of $50, $200, $1,000, $25,000 and $10 respectively. Besides, their demo and Islamic accounts are also available.

Account comparison

Leverage

Forex.ee provides various leverage options to different account types: STP (1:500), Basic ECN (1:500), Advanced ECN (1:500), Premium ECN (1:200), and Crypto accounts (1:3). Higher leverage can amplify potential profits, but it also escalates risk.

FOREX.EE Fees

FOREX.EE also offers spreads and charges commissions on each account types. Furthermore, the broker charges traders a $10 monthly maintenance fee for accounts inactive for 90 days or more. Additionally, they also impose a $50 reactivation fee for accounts wishing to resume trading. The details are as follows:

Account TypeSpreads Commission
STPFrom 0.5 pips
Basic ECNFrom 0 pips3.5 units of base currency per 1 lot
Advanced ECN2.5 units of base currency per 1 lot
Premium ECN1.8 units of base currency per 1 lot
Crypto Depends on liquidity0.5% of trade volume in base currency

Trading Platform

Forex.ee offers support for MetaTrader 4 (MT4). MT4 is accessible through desktop downloads and mobile applications.The MT4 terminal is a trading software that equips traders with all essential tools and resources.

Deposit and Withdrawal

FOREX.EE accepts credit/debit card, wire transfer, or e-wallets Neteller, Skrill, WebMoney, Payza, FasaPay, Perfect Money and Bitcoin.

News

NewsBank of Russia Blacklisted Forex.ee

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
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.
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.
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2023-03-13 09:55
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