Forex EE
Velocity Trade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Velocity Trade was established in 2007 and is based in Australia. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. Forex EE serves 10,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $100 at Forex EE and $1 at Velocity Trade.
| Feature | Forex EE | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Ministry of Economic Affairs in Estonia | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2008 | 2007 |
| Country | Grenadines | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Forex EE). Forex EE charges withdrawal fees while Velocity Trade does not, a notable advantage for frequent withdrawers. Velocity Trade applies inactivity fees on dormant accounts; Forex EE does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | Forex EE | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. Forex EE edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Velocity Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Velocity Trade compare. Velocity Trade runs regular live webinars; Forex EE does not. Both provide video tutorials. Velocity Trade publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Velocity Trade maintains an archive of past webinars for on-demand viewing. Velocity Trade scores higher overall in education and research.
| Feature | Forex EE | Velocity Trade |
|---|---|---|
| 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 Velocity Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex EE | Velocity Trade |
|---|---|---|
| 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 Velocity Trade 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 | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |