Founded in Estonia in 2004, Forexee is a modern and dynamic ECN broker that offers online forex, cryptocurrency, and CFD trading online. They provide clients with the powerful and sophisticated MetaTrader trading platform across multiple devices. The broker has competitive trading conditions, a range of flexible account types including PAMM Accounts for money managers, and multiple funding options. They cater to different trader’s needs by offering ECN, STP, and Crypto Accounts. ECN Technology eliminates conflict of interest between a broker and clients, whilst delivering beneficial trading processes, such as low spreads, competitive commission rates, and interbank liquidity.
Forexee Review Introduction
In this Forexee review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Forexee.
Forexee Platforms & Tools
Forexee provides clients with the popular and intuitive MetaTrader 4 trading platform. It is widely known for its user-friendly interface and multiple easy-to-use trading tools. MT4 was developed in 2005 by the Russian software company — MetaQuotes. It supports advanced charting with a wide range of technical indicators and graphical drawing objects. It also has an option of one-click trading directly on the chart window, and it provides support for Expert Advisors (EAs).
The MT4 platform is available as a desktop application for Windows and Mac computers and WebTrader that runs directly on most modern web browsers. There is also the MT4 mobile app version, which is compatible with iOS and Android devices to enable traders to manage their accounts and monitor financial markets from anywhere in the world.
The broker also provides some useful trading tools, such as Margin & Pip Calculator, Currency Exchange Rates, Commission Calculator, and One-click trading level 2 plugin, which is a user-friendly tool for placing orders at the best price available with just one mouse click.
Forexee Research & Education
The broker provides clients with the Economic Calendar, which shows the latest news releases along with the impact they are expected to have on various markets.
Forexee Trading Accounts
The broker offers a variety of trading accounts to suit every trader’s needs. The account types include STP, Basic ECN, Advanced ECN, Premium ECN, and Crypto accounts. The accounts have a minimum trade size of 0.01 lots and required minimum deposits ranging from just $10 on the Crypto Account to $25,000 on the Premium ECN Account. The various ECN accounts have good trading conditions with no requotes, competitive spreads, and the ability to trade in periods of higher market volatility. The STP Account has no commission charges, and it also has low initial deposit requirements; leverage of up to 1:100 applies for deposits below $50. Cryptocurrency trading is available on the Crypto Accounts, and it has a leverage of up to 1:3.
Demo accounts are available for those who would like to test out the trading platforms and practice their trading strategies with virtual funds before opening a real live account. PAMM Accounts are available for copying trades from the master account (manager) to the slave account (Investor), with automated distribution of profits and losses.
Forexee Account Funding
Forexee has a variety of convenient methods for depositing and withdrawing funds from your trading account. These include bank wire, credit/debit card, and online payment systems, such as Neteller and Skrill. Please note that some methods may only be available to specific countries, and the transaction limits and processing time depend on the payment method.
Forexee Customer Service
Forexee customer support is available via online live chat, email, and telephone. The working hours are from Monday to Friday, from7 am to 4 pm GMT. There is a FAQ section that can give instant answers to some of the most commonly asked questions.
Forexee is a trading name of NTS Systems Limited, which is incorporated in Saint Vincent and the Grenadines with registration number 24957 IBC 2018. However, there is no regulatory information on the broker’s website.
Forexee Review Summary
Overall, Forexee is an online trading broker that offers basic forex trading with competitive trading conditions, flexible accounts, and multiple funding options. Traders get the popular MetaTrader platform, PAMM Accounts, and some additional trading tools.
It is worth mentioning that some of the trading products and services in this Forexee review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Forexee broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.