Forex EE
Virtual Brokers
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while Virtual Brokers was established in 2008 and is based in Canada. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. Forex EE serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $100 at Forex EE and $1000 at Virtual Brokers.
| Feature | Forex EE | Virtual Brokers |
|---|---|---|
| Min. Deposit | $100 | $1000 |
| Regulation | Ministry of Economic Affairs in Estonia | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 2008 | 2008 |
| Country | Grenadines | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and Virtual Brokers, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $1000 at Virtual Brokers). Both brokers charge withdrawal fees. Virtual Brokers charges deposit fees; Forex EE does not. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Forex EE | Virtual Brokers |
|---|---|---|
| Min. Deposit | $100 | $1000 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while Virtual Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which Forex EE does not offer. Virtual Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | Virtual Brokers |
|---|---|---|
| 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 | MT4,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and Virtual Brokers compare. Virtual Brokers runs regular live webinars; Forex EE does not. Both provide video tutorials. Virtual Brokers publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Forex EE | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex EE | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |