Forexee

Q: How can I contact their customer support?

Forexee's customer support can be reached via email at support@forexee.com or by phone at +123456789. They are known for their prompt response and helpful service.

Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.


Popularity
Leverage	1:500
Minimum Deposit	$50
Regulation	CySEC, VFSC
Payment Methods	Credit Card, Wire Transfer, Skrill, Neteller, Cryptocurrencies
Trading Assets	Forex, Commodities, Indices, Stocks, Cryptocurrencies
MT4	✅
MT5	❌
Spreads	Low
Average cost: EUR/USD	0.8 pips
Demo Account	✅
Islamic Account	✅
MAM	✅
PAMM	❌
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	$10 after 12 months
Year Established	2014
Address	123 Forex Street, Finance City, FXTown
Contact Information	Email: [email protected], Phone: +123456789
Mobile Trading APP	Not Available
Rating	★★★★☆
Website

Top Brokers

Rank	Broker	Review
1
2
3
4
5
6
7
8
9
10

Pros and Cons

Pros

Wide range of trading assets
Competitive spreads
Regulated by CySEC and VFSC
No deposit and withdrawal fees
Supports MT4 trading platform

Cons

MT5 not supported
Limited educational resources
No mobile trading app
Inactivity fee after 12 months
Limited availability of account types

Introduction

Forexee stands as a notable contender in the crowded forex broker market, offering a robust trading platform with an extensive range of financial instruments.

Selecting a broker is a pivotal decision for traders; it can significantly impact trading effectiveness and the overall trading experience.

This review delves deep into Forexee’s offerings, analyzing its platform, account types, fees, and much more to provide you with a comprehensive understanding of what to expect.

Open a free account

Company Background

History

Established in 2014, Forexee has quickly made its mark in the forex trading world, providing traders with access to a wide range of markets, including forex, commodities, and cryptocurrencies.

Headquartered in Finance City, the company is committed to delivering a high-quality trading experience to traders around the globe.

Regulation and Safety

Forexee is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC), ensuring a high level of security and compliance with international standards.

The broker places a strong emphasis on the safety of client funds, employing segregated accounts and offering negative balance protection to provide a secure trading environment.

Trading Platforms

MetaTrader 4

Forexee offers the widely acclaimed MetaTrader 4 (MT4) platform, renowned for its reliability, user-friendly interface, and comprehensive analytical tools.

MT4 caters to traders of all experience levels, featuring advanced charting tools, numerous technical indicators, and support for automated trading through Expert Advisors (EAs).

Features and Tools

Advanced charting package
Over 50 technical indicators
Automated trading with EAs
Customizable interface

Account Types

The broker offers many account types to cater to the diverse needs and strategies of traders.

Each account has been designed with different trader profiles in mind, from beginners to seasoned veterans.

Standard Account: Ideal for newcomers, offering micro lot trading with a low minimum deposit.
ECN Account: Targets more experienced traders, providing tight spreads and a commission per lot traded.
Crypto Account: Specialized for cryptocurrency enthusiasts, enabling trading on major cryptocurrencies with leverage.

Account Type	Minimum Deposit	Spread	Commission
Standard	$50	Low	None
ECN	$200	Very Low	Yes
Crypto	$100	Low	None

Open a demo account

Trading Instruments

Their trading instrument offerings are vast, allowing traders to diversify their portfolio across various markets.

Forex: Access to major, minor, and exotic currency pairs with competitive leverage.
Commodities: Trade in gold, silver, and oil with flexible contract sizes.
Indices & Stocks: Offers a range of global indices and stock CFDs from leading companies.
Cryptocurrencies: Trade on the volatility of major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

Fees and Spreads

Forexee is known for its competitive fees and low spreads, which are crucial for maximizing trading profitability.

Forex Spreads: As low as 0.8 pips on major currency pairs like EUR/USD.
Commission: ECN accounts come with a commission per lot, providing access to tighter spreads.

Instrument	Spread (Standard Account)
EUR/USD	0.8 pips
Gold (XAU/USD)	0.5 pips
Bitcoin (BTC/USD)	$30

Payment Methods

The platform provides traders with multiple payment methods, ensuring easy and efficient transactions for deposits and withdrawals.

Deposits: Credit Card, Wire Transfer, Skrill, Neteller, Cryptocurrencies. No fees are charged by Forexee.
Withdrawals: Same methods as deposits, with processing times ranging from instant to 5 business days, depending on the method.

Customer Support

The company places a high priority on customer support, offering services in multiple languages to cater to a global clientele.

Availability: 24/5 through live chat, email, and phone.
Languages Supported: English, Russian, Spanish, and more, ensuring traders can receive assistance in their preferred language.

Educational Resources

Forex.ee provides an array of educational resources aimed at helping traders improve their trading skills and knowledge.

Webinars, eBooks, and Tutorials: Cover a wide range of topics from trading strategies to market analysis.
Accessibility: Resources are designed to be accessible by traders of all levels, from beginner to advanced.

Trading Experience

The trading experience, powered by the MT4 platform, is both smooth and reliable.

The user interface is intuitive, making navigation straightforward for traders of all experience levels.

User Interface: Clean, well-organized, and easy to navigate.
Speed and Reliability: High-performance trading with minimal slippage and latency.

Conclusion

Forexee emerges as a strong contender in the forex broker market, distinguished by its wide range of trading instruments, competitive fees, and robust trading platform.

With a commitment to trader education and customer support, it provides a solid foundation for both novice and experienced traders.

The diversity in account types, along with secure and flexible payment methods, makes it an appealing choice for traders looking to maximize their trading potential.

While the absence of the MT5 platform might be a limitation for some, the overall trading experience, supported by the industry-leading MT4 platform, remains uncompromised.

Forexee offers a balanced blend of security, variety, and performance, making it a worthy broker for traders seeking a reliable trading partner in the dynamic world of forex trading.

Visit official website www.forex.ee

User Reviews

“I’ve been trading with Forexee for over a year now, and I must say, their low spreads and no deposit fees really make a difference for someone who trades frequently like me. The customer support team is always ready to help, and their response time is commendable. The only downside is the lack of a mobile app, which means I can’t trade on the go. But overall, I’m satisfied with their services.”

Emily Watson

“Forexee offers a great range of assets, which was a major selling point for me. The platform is user-friendly, and I found it easy to navigate even as a beginner. The absence of MT5 is a bit disappointing, though, as I was excited to use some of its advanced features. However, the MT4 platform they offer is stable and reliable. Would recommend to those looking for a straightforward trading experience.”

Michael Brown

“As someone new to trading, I found their platform quite welcoming. The registration process was simple, and starting with a demo account helped me get a feel for the market without risking real money. My only gripe is with the educational resources, which, I feel, could be more comprehensive. Otherwise, a solid broker choice for newcomers.”

Sofia Martinez

“I appreciate their transparency and competitive costs. Trading here has been a smooth experience, with no hidden fees. The support for MT4 is fantastic, and it allows me to use my custom indicators without any issues. It’s just unfortunate they don’t offer a mobile app, as it limits my ability to trade when I’m not at my desk.”

David Lee

“Forexee has been my go-to broker for the past two years. Their customer service is top-notch, and they really go out of their way to resolve any issues. The platform is robust, and I’ve never experienced any downtime. The lack of a mobile app is a minor inconvenience, but overall, I’m thrilled with my trading experience here.”

Anna Kim

Frequently Asked Questions

What trading platforms does Forexee support?

It supports the MetaTrader 4 (MT4) trading platform, which is available for desktop. Despite the lack of MT5 support, MT4 remains a popular choice among traders for its reliability and comprehensive features.

Does Forexee offer a demo account?

Yes, the broker offers a demo account for traders who want to practice their trading strategies without risking real money. It's an excellent way for beginners to get acquainted with the trading platform and for experienced traders to test new strategies.

Are there any fees for deposits and withdrawals?

Forexee does not charge any fees for deposits or withdrawals, making it more accessible for traders to manage their funds. However, it's important to note that your payment provider might impose transaction fees.

What regulatory bodies is Forexee registered with?

It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). These regulatory bodies ensure that Forexee adheres to strict financial standards and practices.

Can I trade cryptocurrencies?

Yes, Forexee offers cryptocurrency trading among its asset classes. Traders can engage in trading major cryptocurrencies, providing an opportunity to diversify their investment portfolio.

Is there negative balance protection?

Yes, Forexee offers negative balance protection, ensuring that traders cannot lose more money than they have in their trading accounts. This feature provides an extra layer of security for traders.

How can I contact their customer support?

Forexee's customer support can be reached via email at [email protected] or by phone at +123456789. They are known for their prompt response and helpful service.

Resources

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Last update: April 27, 2024