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Forex.ee Fees and Spreads

Forex.ee Fees and Spreads

 

Overall Rating

4.7/5

Rated #242 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

MEAE

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

49

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Forex.ee spreads start from 0.0 pips, commissions depending on the trading account the trader uses. Forex.ee charges both deposit fees and withdrawal fees according to the payment method that traders use.

Forex.ee does not document any charges for inactive fees.

Finding a reputable list about Forex.ee Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

Forex.ee’s spreads start from 0.0 pips.

Forex.ee offers a competitive spread list and commissions. These depend on the type of account that the trader chooses along with the market conditions. The spreads and commissions that traders can expect are as follows:

  • STP Account – spreads from 0.5 pips.
  • Basic ECN Account – spreads from 0.0 pips and commissions of $3.5, or currency equivalent, per lot traded.
  • Advanced ECN Account – spreads from 0.0 pips and commissions of $2.5, or currency equivalent, per lot traded.
  • Premium ECN Account – spreads from 0.0 pips and commissions of $1.8, or currency equivalent, per lot traded.
  • Crypto Account – spreads which depend on liquidity and commissions of 0.5% of the trade volume in the account base currency.

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

Muslim traders are offered the option of converting all live accounts apart from the Crypto Account into an Islamic Account.

Forex.ee does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.7/5

Rated #242 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

MEAE

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

49

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

 

Forex.ee charges both deposit fees and withdrawal fees according to the payment method that traders use.

Deposit Fees:

  • Skrill – 2.5% plus 0.29 EUR, or equivalent in another currency. Deposits of USD attract a 3.2% plus an additional 0.29 USD.
  • WebMoney – 0.80% but not less than 0.1 WM and not more than 50 WMZ, WME or 1500 WMR.
  • Neteller – 3.90% plus 0.29 USD but not less than 1 USD.
  • Perfect Money – 0.5%
  • Qiwi – Deposits in EUR and USD attract a 5% fee and RUB a fee of 7.5%.
  • FasaPay – 0.50%
  • China UnionPay – 2.5% (this payment method is only available to China, Hong Kong, Macao, Taiwan, and the Republic of China).

 

Withdrawal fees:

  • Skrill – 1% or a minimum of 0.5 EUR.
  • WebMoney – 0.80%, not less than 0.01 WM, and not more than 50 WMZ, WME or 1500 WMR.
  • Neteller – 2%, not less than 1 USD but not more than 30 USD.
  • Perfect Money – 0.50%
  • FasaPay – 0.50%
  • Bitcoin – BTC 0,001
  • Bitcoin Cash – BCH 0,001
  • Litecoin – LTC 0.01
  • Ethereum – ETH 0.005
  • China UnionPay – 2%

 

In addition, Forex.ee also charges an inactivity fee of $10 should an account have gone dormant after a certain time. There is also a $50 reactivation fee should traders want to use their account again.

 

Pros and Cons

✔️ PROS ❌ CONS
Commission-free trading account Deposit fees and withdrawal fees charged
Islamic Account/Swap-free provided for Muslim traders Inactivity fee charged

 

You might also like: Forex.ee Minimum Deposit

You might also like: Forex.ee Demo Account

You might also like: Forex.ee Sign up Bonus

You might also like: Forex.ee Account types

You might also like: Forex.ee Islamic Account

 

FAQ’s

 

How many instruments can I trade with Forex.ee?

You can trade the following financial instruments:

  • Forex
  • Cryptocurrencies

 

Which platforms are supported by Forex.ee?

MetaTrader 4.

 

Does Forex.ee offer leverage?

Yes. Traders have access to leverage up to 1:500.

 

What spreads can I expect with Forex.ee?

You can expect spreads that start from 0.0 pips.

 

Does Forex.ee charge commission?

Yes. Depending on the trading account the trader uses, and the financial instrument traded, traders will be subjected to the following commissions:

  • Basic ECN Account – $3.5, or currency equivalent, per lot traded.
  • Advanced ECN Account – $2.5 or currency equivalent, per lot traded.
  • Premium ECN Account – $1.8 or currency equivalent, per lot traded.
  • Crypto Account – 0.5% of trade volume in base account currency.

 

Is Forex.ee regulated?

Yes. Forex.ee is not regulated.

 

Is Forex.ee a recommended forex trading broker for experts and beginners?

Forex.ee is an unregulated broker and for this reason, it cannot be recommended. Traders must ensure that client fund safety and security can be ensured before using this broker.

 

What is the overall rating out of 10 for Forex.ee?

6/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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