Forex EE
Nutmeg
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Nutmeg was established in 2008 and is based in USA. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Nutmeg is regulated by Unregulated among others. Forex EE serves 10,000+ clients worldwide; Nutmeg has 10,000+. The minimum deposit is $100 at Forex EE and $0 at Nutmeg.
| Feature | Forex EE | Nutmeg |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Ministry of Economic Affairs in Estonia | Unregulated |
| Founded | 2008 | 2008 |
| Country | Grenadines | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Nutmeg, directly affecting your bottom line as a trader. Nutmeg has a lower barrier to entry with a minimum deposit of $0 (vs $100 at Forex EE). Forex EE charges withdrawal fees while Nutmeg does not, a notable advantage for frequent withdrawers. Nutmeg applies inactivity fees on dormant accounts; Forex EE does not. Overall, Nutmeg scores higher on fees in our assessment.
| Feature | Forex EE | Nutmeg |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while Nutmeg supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nutmeg supports social and copy trading features, which Forex EE does not offer. Nutmeg edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Nutmeg |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | WebTrader, Desktop, Mobile & Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Nutmeg compare. Nutmeg runs regular live webinars; Forex EE does not. Both provide video tutorials. Nutmeg publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Nutmeg maintains an archive of past webinars for on-demand viewing. Nutmeg scores higher overall in education and research.
| Feature | Forex EE | Nutmeg |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex EE accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Nutmeg supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex EE | Nutmeg |
|---|---|---|
| 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 Forex EE and Nutmeg 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 | Forex EE | Nutmeg |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |