|Voting Rating||Forex.ee does not participate in the Forex Rating
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ECN(ElectronicCommunicationsNetwork) is an order processing system that excludes conflicts of interest between a broker and clients. Due to Forex market being largely unregulated with no Central Exchange, trading is performed in anOTC(Over the Counter) market.ECNtechnology provides direct access to the Forex Interbank market, where orders of traders can be offset one against another, making it possible to trade directly with other retail market participants. In order to provide execution at the best price, the system automatically allocates all buy/sell orders to the counterpart orders with matching parameters. WithSTPtechnology (Straight-Through Processing), all orders are transferred directly to the liquidity providers and can be seen on the platform by other traders.
Thus, trading with use of ECN/STP technology is performed in such a way that all orders are placed in the common liquidity pool, which allows selecting orders of the matching instrument, price and volume for automatic ultra-fast execution.
STP Accountprovides advantages of trading with access to the real market. OnSTPaccount, broker’s commission is included into the spread (unlikeECNcommission, which is separate from the spread). Spreads onSTPaccount are floating according to the current balance of buy and sell orders placed in the ECN pool. Orders of each client are executed by matching them with other orders available on the market, which means commission is charged only for using broker’s liquidity. For both ECN and STP accounts, a wide range of financial instruments is available without any restrictions on strategies you may want to apply, including scalping and algo-trading. There are no restrictions on Pending, Stop Loss or Take Profit orders either: you are free to place such orders just a couple of pips away from the current market price or even within the spread.
No requotes and ultra-fast order execution
No trading restrictions (including scalping, hedging, EAs and HFT)
Transparency of Market Depth Data, i.e. everyone can see all orders placed for a chosen financial instrument
Direct processing of orders to the liquidity providers
Execution at the best price
One of the most popular trading platforms
Popularity. TickTrader is a brand-new trading platform, which allows clients to trade five of the most popular asset classes — forex, stocks, commodities, indices, and cryptocurrencies via one trading account.
One/double click trading. This tool is designed for traders who are looking to make profits of rapidly moving markets, or want to try high-frequency trading and/ or scalping and do not intend to lose a second on waiting. The orders are placed immediately.
Advanced technical analysis. Take full advantage of ready-made various traditional indicators or make your own and add them to your account.
Mobile trading. Mobile versions of TickTrader allow traders to always manage their accounts and monitor financial markets with no need to be by their desktop PC. Thus Mobile Terminal is your reliable trading assistant which is always at hand.
Forex.ee Trading Information 2023
|24 hour support|
|Sponsorship contests, competitions|
|Digits after the dot in quotes||5|
|Minimum position size||0.01|
|Pip spread on majors||1-3|
|Standard account, $||100|
|Mini account, $|
|Popular payment methods||Skrill, Wire transfer, Credit/debit cards, UnionPay, Perfect Money, FasaPay, Bitcoin|
|Account currencies||EUR, USD|
|Available assets||Forex, Shares, Indices, Futures, Commodities|
Forex.ee Reviews and Comments
I became their client because Forex.ee has been on the market for a long time, it has a license, and with a rating, I see that everything is in order with them. Let’s just say that this is the first point that prompted me to go to them. The second point is that they have normal tariffs. It’s really possible to work and earn money here if you know how to think, analyze and trade, and regardless of the commission that is taken from your turnover. I remember how I started trading with the Forex.ee broker 5 years ago. During this time, the broker has grown a lot. They expanded the pool of instruments, the performance has grown to the top, and everything got better. From myself I probably won’t add anything new, but it’s good that the broker who helped me earn money for my favorite car exists and is thriving.
2 May 2023 Reply