Overall Rating: ★★☆☆☆ (2.8/5.0)

Forex.ee is an ECN/STP forex and CFD broker established in 2004, focusing on low-cost trading, deep liquidity, and high leverage through MetaTrader 4. Registered in St. Vincent and the Grenadines, Forex.ee targets experienced and algorithmic traders with raw spreads, fast execution, and multiple ECN account types. However, despite its long operational history, the broker is not regulated by any tier-1 authority, which raises concerns about fund safety and oversight. This Forex.ee review assesses its trading conditions, costs, platforms, and regulatory standing.

Key Features

Forex.ee offers a specialised environment for ECN traders, including support for cryptocurrency deposits, tight spreads, and high-frequency trading.

• Trading Platform:
  • MetaTrader 4 (MT4) – desktop, web, and mobile
• Markets Available:
  • Forex, cryptocurrencies, metals, indices, and commodities
• Account Types:
  • ECN, Advanced ECN, STP, and Crypto accounts
• Execution Model:
  • ECN/STP with no dealing desk
• Leverage:
  • Up to 1:500
• Deposit Methods:
  • Bank wire, cards, Skrill, Neteller, crypto (BTC, ETH, LTC, USDT)

Regulation and Security

Forex.ee is registered offshore and lacks top-tier regulatory oversight.

• Registered in St. Vincent and the Grenadines
• No regulation from FCA, ASIC, or CySEC
• No investor compensation scheme
• Client funds claimed to be segregated, but not verified by a regulator
• No KYC required for crypto deposits, increasing risk exposure

Pricing and Costs

Forex.ee is known for its low-cost ECN trading model with transparent fees.

• Spreads:
  • ECN accounts: From 0.0 pips
  • STP account: From 0.5 pips
• Commissions:
  • ECN: From $2.50 per side per lot ($5 round-turn)
  • Advanced ECN: Lower commission with higher deposit
• Minimum Deposit:
  • STP: $50, ECN: $200, Advanced ECN: $1000
• Deposit/Withdrawal Fees:
  • No internal fees, blockchain or payment processor fees apply
• Inactivity Fee:
  • Not disclosed

Educational Resources and Customer Support

Forex.ee offers limited educational resources, suited more for advanced traders.

• Education:
  • Blog posts and FAQ section
  • No structured learning, webinars, or video content
• Market Analysis:
  • Sparse – limited to occasional technical posts
• Customer Support:
  • Email and live chat, 24/5 availability
  • No phone support or multilingual agents

Risk Management Tools

Risk tools are provided via MT4 but are basic and not enhanced.

• Standard MT4 tools:
  • Stop-loss, take-profit, trailing stops, margin alerts
• No guaranteed stop-loss orders (GSLOs)
• High leverage increases exposure, especially for crypto and ECN traders
• No automated risk calculators or margin protection features

Pros and Cons

Pros

• Tight ECN spreads and low commissions
• MT4 access with fast execution
• Supports crypto funding and trading
• Flexible account types for scalpers and algo traders
• Established broker since 2004

Cons

• Offshore registration with no tier-1 regulation
• No investor protection or compensation fund
• Weak education and market analysis
• No MT5 or cTrader platform
• Limited customer support options

Conclusion: Is Forex.ee the Right Choice?

Forex.ee is suitable for experienced traders and scalpers who prioritise tight spreads, fast execution, and low commissions, especially when using crypto for deposits or withdrawals. However, its offshore registration, lack of regulatory protection, and basic support services make it a high-risk choice for newer or risk-averse traders.

Those seeking stronger protection and a broader feature set should consider regulated ECN brokers like IC Markets, Pepperstone, or Fusion Markets.