Forex.ee
Published: Updated:
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 50
- Trading platforms
- Regulations
- Instruments
- Forex, Metals, Indices, Energies
- Legal entity
- Forex EE Ltd
- Jurisdiction
- Saint Vincent and the Grenadines
- Fees
- Accounts are priced either through a marked-up spread or through raw spreads with a commission per lot, depending on type. Overnight swaps apply, with swap-free accounts available on request.
- Withdrawals
- Withdrawals return to the funding method and are usually processed within one business day, with e-wallet and cryptocurrency payouts arriving fastest.
- Available in
Features
- Low minimum deposit
- PAMM investment accounts
- Copy trading
- Islamic (swap-free) accounts
- ECN account types
- Scalping allowed
- No-deposit bonus
- Affiliate program
- Wide range of tradable instruments
Pros
- No notable advantages identified.
Cons
- No significant drawbacks identified.
Forex.ee is an offshore forex and CFD broker founded in Estonia in 1998 and based in Saint Vincent and the Grenadines since 2004. It operates without regulation from any financial authority, offering leverage up to 1:500 and five account types ranging from $10 (crypto) to $25,000 minimum deposit. Trading runs on MetaTrader 4, covering more than 50 currency pairs, metals, and an extensive range of cryptocurrencies.
Offshore MT4 broker with STP and ECN accounts starting from $10 (crypto) to $25,000, leverage up to 1:500, and a wide range of forex, metals, and crypto instruments.
Forex.ee is an unregulated offshore broker offering MetaTrader 4 trading, STP and ECN accounts from $50, and leverage up to 1:500. Founded in Estonia in 1998, the company has been based in Saint Vincent and the Grenadines since 2004.
Regulation and Safety
Forex.ee operates without oversight from any financial regulator. Its offshore, Saint Vincent and the Grenadines registration simplifies account opening and verification but leaves traders without the protections a regulated broker offers. In exchange, Forex.ee offers leverage up to 1:500 on its most liquid instruments, well above the caps set by regulators in the EU and North America.
Account Types
Forex.ee offers five account types:
- STP: $50 minimum deposit, no commission, spreads from 0.5 pips.
- Basic ECN: $200 minimum deposit, spreads from 0 pips, $3.5 commission per lot.
- Advanced ECN: $1,000 minimum deposit, zero spreads, $2.5 commission per lot.
- Premium ECN: $25,000 minimum deposit, zero spreads, $1.8 commission per lot.
- Crypto: $10 minimum deposit, 1:3 leverage, 0.5% commission.
Islamic (swap-free) accounts are available on request. Inactive accounts are charged $10 per month, and reactivating a dormant account costs $50.
Trading Platform and Instruments
Forex.ee runs on MetaTrader 4 (MT4), still widely used among retail forex traders for its library of Expert Advisor trading robots. The instrument range covers more than 50 major and minor currency pairs plus CFDs on gold and silver.
The broker's standout offering is cryptocurrency trading: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other coins can be traded against multiple fiat currencies, though leverage on crypto positions is capped at 1:3.
Minimum Deposit and Funding
Opening an account requires a $50 minimum deposit. Visa and MasterCard deposits carry no commission; e-wallets such as Neteller, WebMoney, and Perfect Money charge 0.5-4%. Cryptocurrency deposits are fee-free.
Welcome Bonus
New clients can claim a $15 no-deposit bonus on an STP account by submitting a statement from a previous broker showing a deposit of at least $50.
Broker Snapshot
| Detail | Value |
|---|---|
| Founded | 1998 |
| Headquarters | Saint Vincent and the Grenadines |
| Regulation | None |
| Platform | MT4 |
| EUR/USD spread | From 0.5 pips |
| Demo account | Available |
| Minimum deposit | $50 |
| Base currencies | USD, EUR, RUB, JPY, AUD, BTC |
| Maximum leverage | 1:500 |
| Tradable assets | Currency pairs, metals, cryptocurrencies |
| Deposit methods | Bank transfer, Visa/MasterCard, Skrill, Neteller, FasaPay, Perfect Money, BTC, BCH, LTC, ETH, USDT |
| Withdrawal fee | Varies by method |
| Inactivity fee | $10/month |
| Islamic accounts | Available on request |
| Segregated accounts | Not specified |
| PAMM accounts | Available |
| Partner/affiliate program | Available |
| Scalping | Permitted |
| Automated trading | Supported |
| Mobile trading | Available |
| Web terminal | Available |
| Social/copy trading | Supported |
| Signals | Not available |
| VPS | Not specified |
| Deposit bonuses | Available |
| Contests | Not available |
| Customer support | 24/5 |
Because Forex.ee is unregulated, traders should weigh the lack of regulatory protection against its low deposit thresholds and broad crypto offering before committing funds.
Trading conditions
Forex.ee offers a narrow product set — currencies, metals and a limited list of indices and energies — on MetaTrader 4 only. For a trader who wants nothing beyond currency pairs that focus is not a drawback; for anyone wanting equities or a modern web terminal it is a hard limit.
Leverage is high, hedging and Expert Advisors are permitted, and there is no restriction on scalping or trading through news.
The instrument list and the single platform mean this broker competes on cost and withdrawal speed rather than on breadth, and it should be compared on exactly those two things.
Verification
Verification requires photo ID and proof of address, normally reviewed within one business day and required before the first withdrawal.
The operating entity is registered in Saint Vincent and the Grenadines, whose Financial Services Authority registers companies but does not license or supervise forex business. There is no leverage cap, no conduct rulebook and no compensation scheme. Segregation and the firm's own solvency are the only protections, which makes this a place for a deliberately sized speculative account rather than for a trader's main capital.
