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Author Topic: Forex.ee  (Read 15080 times)

Offline geektrader

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Forex.ee
« on: November 11, 2013, 05:31:10 AM »
Hi,

I was wondering if anyone has any experience with http://forex.ee, an Estonian Forex Broker which Ive often seen at MyFxBook spread charts to have one of the best spreads out there on most pairs lately. They are not regulated in the sense in that there is no financial markets license required to offer Forex trading in Estonia (just like Armada Markets).

Commissions are also pretty fair, especially for larger accounts it cant get any cheaper than 3.6$ per RTL with just 25000 deposit:

http://www.forex.ee/en-US/Account-Types/Types

Any feedback about their execution quality / withdrawals etc. would be welcome.
« Last Edit: November 11, 2013, 05:33:41 AM by geektrader »

Offline iwillsurvive

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Re: Forex.ee
« Reply #1 on: November 11, 2013, 06:06:04 AM »
wow. 3.6 per rt? amazing. zero spreads on the EU most of the time? very very amazing. I'd like to hear some feedback too from our members here. Very tempting. Only drawback is the lack of regulation...
Abundance Trading Group - www.abundancetradinggroup.com/
>>Providing generous forex rebates / commission discounts , custom indicator downloads and more

>>Email: linton[at]abundancetradinggroup.com
>>Skype: iwillsurvive100

Offline geektrader

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Re: Forex.ee
« Reply #2 on: November 11, 2013, 06:29:21 AM »
Well, Armada has grown to one of the biggest brokers without regulation, but again, there is no extra regulation needed to offer Forex trading via Estonia. Still, some might want it for bigger investments. For the average small trader, it might well be worth a try.

Offline iwillsurvive

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Re: Forex.ee
« Reply #3 on: November 11, 2013, 07:11:59 AM »
On the bottom of this page:http://www.forex.ee/en-US/Account-Types/Types

Spotless reputation

On the market since 2004 (really?)
Abundance Trading Group - www.abundancetradinggroup.com/
>>Providing generous forex rebates / commission discounts , custom indicator downloads and more

>>Email: linton[at]abundancetradinggroup.com
>>Skype: iwillsurvive100

Offline ninjaturtle

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Re: Forex.ee
« Reply #4 on: November 11, 2013, 09:27:03 AM »
Well, Armada has grown to one of the biggest brokers without regulation, but again, there is no extra regulation needed to offer Forex trading via Estonia. Still, some might want it for bigger investments. For the average small trader, it might well be worth a try.

BTW, in recent times armada isn't what it used to be as evidenced in their thread.
The ebb and flow of the Atlantic tides, the drift of the continents, the very position of the sun along its ecliptic. THESE are just a FEW of the things I control in my world!

Offline geektrader

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Re: Forex.ee
« Reply #5 on: November 11, 2013, 03:24:26 PM »
I know, thats also why I looked into Forex.ee to see if anyone has experiences.

Offline QuickPipsFX

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Re: Forex.ee
« Reply #6 on: November 11, 2013, 03:29:28 PM »
On their site is written that they do not accept clients from Estonia.. Isn't that weird for a broker based in.. Estonia?

"FOREX.ee does not provide its services to residents of the US and Estonia."

Offline caddyhexe

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Re: Forex.ee
« Reply #7 on: November 11, 2013, 03:40:34 PM »
On their site is written that they do not accept clients from Estonia.. Isn't that weird for a broker based in.. Estonia?

"FOREX.ee does not provide its services to residents of the US and Estonia."

Not a comment on the broker...but that reminds me of the saying

Dont sh!t on your own doorstep

 ;)
The Euro - what was thought of as a ship sailing its members to sunny climes is now the chain that binds them together as the ship sinks

It is not harmful for your eyes to look on the bright side of life

Offline soulfire

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Re: Forex.ee
« Reply #8 on: November 11, 2013, 03:41:13 PM »
A pretty slick website but I can only assume its a bad sign if they are not able to get registered to accept customers from their own country.

Offline Keelto

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Re: Forex.ee
« Reply #9 on: November 13, 2013, 12:06:19 AM »
If it is an offshore company formation it may be a stipulation for that industry under the companies act.
PAMM drawdown will not exceed 10%.

Forex trading should be low risk : high reward not high risk : low reward.

Offline Forex.ee

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Re: Forex.ee
« Reply #10 on: November 18, 2013, 09:19:24 AM »
Hello dear traders,

Thank you for your attention to our company!
As for your questions....
Yes, we really work since 2004, but before we did it only in Estonia.
As for "FOREX.ee does not provide its services to residents of the US and Estonia." It was our business decision, we`ll be working with Estonian people in the future.
You can find our official information here--- https://ariregister.rik.ee/ and http://mtr.mkm.ee/default.aspx?s=otsireg
 just write our company`s name - NetStock.

Please find our topic here- http://www.donnaforex.com/forum/index.php?topic=11772.0

Best regards,
Vlad
Forex.ee

Offline Fraois

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Re: Forex.ee
« Reply #11 on: December 15, 2013, 12:02:56 PM »
I compared their spreads with FXOpen and FXPig on Myfxbook and found Forex.ee have identical spreads, quotes, and volume with FXOpen but not always the same as FXPIg.
Their commission level is also like FXOpen. I don't know they're a white label of FXOpen or they work with the same technology provider Soft FX

Offline michaelnagy

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Re: Forex.ee
« Reply #12 on: January 29, 2014, 04:01:41 PM »
I traded with them a little, nothing to complain, the only thing I didn't like is that they don't offer 0.01 lots to trade. Contacted support and they said this will be available next month.

The withdrawal process takes 2 days to be processed, no fees.

Offline Tforex

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Re: Forex.ee
« Reply #13 on: July 18, 2014, 08:59:33 AM »
this is very bad broker.
i faced many times data error from their live server. which not happened in any other broker.
because of this i got too much losses.
please dont got for this broker. I mailed them for this error.
they told me that it will not happen again. but it happened
again and again. too bad broker. this is not reliable and
respinsible broker for its clients.
I will not recommend them. Bceuase if data error u can get
high losses any time. I faced 2 times server close error.
15 min their server was closed and i got losses again.
i mailed them, they reversed the trades but only for small
losses. for big losses no reverse.
bad broker.

no start.

Offline Forex.ee

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Director of Forex.ee
« Reply #14 on: March 02, 2015, 11:58:13 AM »
Greetings to all forum guests!
My name is Vladislav Karpeev - I am director of Forex.ee.

I would like to open a constructive dialogue, following the principles of outspokenness and transparency.
Please pay attention to the companys latest news about our recent redesign.
I would be happy to answer your questions, hear your suggestions and criticisms.