Direct FX
Forex EE
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Overview
Direct FX was founded in 2006 and is headquartered in New Zealand, while Forex EE was established in 2008 and is based in Grenadines. Direct FX holds licences including Unregulated, while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Direct FX serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $1 at Direct FX and $100 at Forex EE.
| Feature | Direct FX | Forex EE |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | Unregulated | Ministry of Economic Affairs in Estonia |
| Founded | 2006 | 2008 |
| Country | New Zealand | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Direct FX and Forex EE, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Forex EE). Forex EE charges withdrawal fees while Direct FX does not, giving Direct FX an edge for frequent withdrawers. Direct FX charges deposit fees; Forex EE does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Direct FX | Forex EE |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Direct FX offers MT4, MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Direct FX supports social and copy trading features, which Forex EE does not offer. Direct FX edges ahead on platform breadth and functionality in our scoring.
| Feature | Direct FX | Forex EE |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Not available | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Direct FX and Forex EE compare. Direct FX runs regular live webinars; Forex EE does not. Both provide video tutorials. Direct FX publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Direct FX | Forex EE |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Direct FX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Direct FX | Forex EE |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Direct FX and Forex EE offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Direct FX | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |