Etrade
Forex EE
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Overview
Etrade was founded in 2012 and is headquartered in United States, while Forex EE was established in 2008 and is based in Grenadines. Etrade holds licences including Securities and Exchange Commission (SEC), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Etrade serves 10,000+ clients worldwide; Forex EE has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Etrade | Forex EE |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Ministry of Economic Affairs in Estonia |
| Founded | 2012 | 2008 |
| Country | United States | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Etrade and Forex EE, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Forex EE charges withdrawal fees while Etrade does not, giving Etrade an edge for frequent withdrawers. Overall, Etrade scores higher on fees in our assessment.
| Feature | Etrade | Forex EE |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Etrade offers MT4, MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Etrade supports social and copy trading features, which Forex EE does not offer. Etrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Etrade | 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 | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Etrade and Forex EE compare. Etrade runs regular live webinars; Forex EE does not. Both provide video tutorials. Etrade publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Etrade maintains an archive of past webinars for on-demand viewing. Etrade scores higher overall in education and research.
| Feature | Etrade | 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. Etrade 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 | Etrade | 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 Etrade 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 | Etrade | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |