Forex and coronavirus: what will happen after

The pandemic of coronavirus caused a significant increase of public interest in financial markets in general and Forex trading in particular. The beginning of 2020 has shown higher figures in daily market turnover compared to the same periods of previous years. The pandemic has already had a huge impact on financial and stock markets. And today Forex.ee will try to figure out what will happen to the Forex market when the quarantine is over and the pandemic comes to an end.

Most official economic forecasts boil down to the fact that the situation in the world will begin to take a course towards normalization not earlier than by summer - it is the time when experts and markets expect a recovery in the economy. However, everyone agrees that the recovery will take place rather slowly, although there are several scenarios for the possible course of events. Thus, according to the IMF, the budget deficit of most countries in the eurozone will reach 10% of GDP.

According to the first scenario, the market may hang in a peculiar suspended state “between the bull and the bear” while at any second it is ready to get into rallying. In this case, the global economic recovery will occur a little faster than expected. However, this will only happen if the pandemic does not continue for too long. Borders will open, production will begin to recover, oil will return to growth.

Another scenario is feasible if the pandemic continues, which could trigger a global recession. In this case the economic shock can last for about a year, as a result the global economic growth rate will be minimal. It will significantly affect the global financial and stock markets.

The situation on the markets at the moment is the following: traders are looking for the best time to buy assets while keeping in mind the data on the number of patients. The hints of a possible breakdown in the trend are regarded as a signal for mass purchases. Most likely such fluctuations will continue afterwards as well - the release of fresh macroeconomic statistics will help assess the damage caused and will serve as a signal.
In addition, throughout 2020, we can expect an even greater increase in the demand for remote sources of income where it's possible to work right from your home. It happens not only due to the increase in the number of people who lost their jobs during the coronavirus crisis, but also to the revision of the methods for generating income during the forced quarantine. After all, there are no bosses on Forex, no strict daily routine, and the amount of income is unlimited. It only takes to choose a reliable and responsible broker.

The favorable conditions of the broker Forex.ee help traders to make profits at any time - during a crisis, pandemic or during the period of economic recovery

• Two types of accounts - ECN and STP. Forex.ee provides direct access to the interbank market with an instant execution speed of 200-300 ms.
• Forex.ee is one of the TOP 5 ECN / DMA brokers with the tightest Forex spreads.
• High leverage of 1: 500 allows you to make a profit even with small investment amounts as the minimum deposit of an STP account is only $ 50.
• Absolutely no trading restrictions. Forex.ee removes all restrictions on the choice of a trading strategy: automated methods of trading, hedging, scalping, etc. are fully available.
• Trading security. The MT4 trading platform has a built-in slippage protection mechanism.

Earn with Forex.ee  - 15 years of reliability on the Forex market!

Do not panic! Earn with Forex.ee during the crisis

No panic! This anti-coronavirus message can also be passed on to traders. Safe and stable trading conditions of the broker are especially important for regular earnings now during the pandemic and the crisis on the financial markets. We have figured the conditions traders of Forex.ee especially appreciate, and here are our TOP-5 reasons to move to the Forex.ee broker during the crisis.

Reason № 1. Advanced technology and favorable conditions. Forex.ee is based on the use of high-level ECN / STP modern technologies which ensures the instant processing speed of 200-300 ms. During a crisis on the markets any news can affect the movement of exchange rates, which is why the execution speed and the possibility to respond immediately to market changes are so important.

In addition, Forex.ee provides customers with the highly convenient Client Personal area which includes access to multi-currency e-Wallet and additional trader tools that can increase the efficiency of professional trading.

Reason №2. Spread control. Spreads always have a significant impact on trading results, especially while News trading or sharp market movements. For several years Forex.ee has been one of the TOP 5 ECN / DMA brokers with the tightest spreads and lowest commissions. It's also possible to observe our live spreads online on broker's ECN accounts on the independent monitoring service Myfxbook.

Reason №3. No trading restrictions. Traders are free to use absolutely any trading strategy.  Forex.ee has no restrictions on the duration of open positions or placing orders on the market, no restrictions on the minimum value of Stop Loss or Take Profit. All you need to do is focus on the current market situation and adjust your trading to it.

Reason №4. Variety of trading accounts. There are 3 types of accounts available for trading in Forex.ee: ECN, STP and ECN-Crypto. For greater convenience ECN account has three sub-types, all of them have their own advantages. It is important to note that the minimum deposit to start trading in Forex.ee is only $ 50, which makes Forex available to everyone even during the crisis. For a Crypto account the minimum deposit is even smaller - only $ 10.

Reason №5. Extra protection. The Forex.ee MetaTrader 4 trading terminal has a built-in mechanism for automatic protection against slippage, which provides traders with an additional level of security during market unrest. The mechanism compares the price level of the requested order with the available execution price, and if the difference exceeds the allowed slippage value the execution is interrupted and the order is rejected.

Get a chance to check the Forex.ee trading conditions with a Welcome bonus!

For all new customers who have registered an STP account with the company for the first time, Forex.ee gives an opportunity to test the real market with a bonus of $ 15. Detailed conditions are available on the official website.

Open an account and earn money with the reliable broker Forex.ee even in the times of crisis!

Coronavirus and robot trading

Trading robots have long gained popularity on the Forex market. However, the coronavirus pandemic that is prevailing in the world now has had a significant impact not only on the exchange rates of major world currencies, but also on trading strategies. Today we will break down for you whether it is worth using trading robots now and what conditions the broker Forex.ee offers.

The world quarantine has become a time of really high volatility for the markets. For some traders the movements of the most popular trading instruments resulted in large profits, but for others lead to significant losses. Trading robots during a pandemic can still be really effective but you need to be careful with the fact that during a period of higher volatility any robot requires reconfiguration, more precisely, of acceptable risks or potential take profits.

Which advisers are most effective? How well the robot will work now depends on a number of factors, in particular, the fact on what basis the adviser is built. In the time of great trends expert advisors based on trend indicators work well. In the future, such advisers can bring enough profit when the markets begin to compensate for the losses caused by the collapse of exchanges and the situation with the virus in general.

Another important parameter for successful robot trading is a performance check: does the terminal have a stable connection with the broker, is auto-trading enabled or not, the level of drawdown on the account, and so on. If something goes wrong, it is important to reconfigure the adviser on time in order to protect your equity.

What is the advantage of robot trading during quarantine?
• Greater coverage. There are a lot of available trading tools and sometimes a trader is not capable of covering all this volume manually. A robot can handle this.
• Lack of emotion. Being in quarantine and self-isolation can make people have overly emotional reactions to what is happening on the market. With high volatility in trading stress and emotional factor can lead to fatal mistakes. Robots are programs, they will not doubt in making decisions.

Who can use robot trading during quarantine?
• For novice traders robot trading can be a good start for accumulating capital, since it does not require in-depth knowledge.
• For experienced traders it can be used as an alternative tool of trading portfolio and for accumulating additional profit.
• New opportunities are opening up for market professionals: in the free time you can try your own hand at writing robots and create programs that will perfectly complement your trading strategy. You can test the results with a special Welcome bonus of $ 15 from Forex.ee. The conditions can be found on the broker's official website

Choose the most profitable trading strategy for yourself and Forex.ee will take care of providing the suitable conditions

• Instant execution speed of 200-300 ms. ECN / STP technology with the largest liquidity providers ensures high-speed execution of orders at the best price.
• Some of the lowest spreads in the Forex industry.  Forex.ee is one of the TOP 5 ECN / DMA brokers with the tightest spreads and the lowest commission on the Forex market - spreads from 0.
• Minimum deposit of only 50 USD, leverage of up to 1: 500 allows trading and earning real profit to almost everyone.
• Slippage protection. A built-in mechanism in the MT4 terminal that allows you to make profit and save your deposit when the price changes sharply.
• No trading restrictions. Forex.ee allows all trading strategies: robots, scalping, hedging / locking, etc.

Open an account with Forex.ee and trade comfortably even during the pandemic!

FAQs of Spring 2020 at Forex.ee

This spring turned out to be quite difficult not only for global markets, but also for traders around the world. The protracted quarantine period provided many questions to our company. Today Forex.ee has collected the most popular questions and is ready to answer them!

Question: Are you planning to suspend work due to the pandemic? / Is Forex.ee going into quarantine?
Answer: Forex.ee continues to provide services in full. Traders are provided with the same favorable conditions - possible changes are always announced on the official website and in the respective thread on the forum. In addition, the company strives to further improve our services, even during a pandemic.

Question: Over the past few months, the market has often been "worrying" against the news background. What conditions does Forex.ee offer for news trading?
Answer: Since Forex.ee works in accordance with the ECN model and cooperates only with large liquidity providers, the company ensures high speed of order execution at the most favorable prices for traders. As news trading is often accompanied by widening spreads, it is also important to note that Forex.ee is one of the TOP-5 brokers with the tightest spreads and lowest commissions. You earn - we take control of the spreads!

Question: How fast will the money be credited to my account after I place a withdrawal request?
Answer: If a request is submitted before 17:00 on working days, it will be processed on the same day, except for weekends and holidays. Withdrawal time also depends on the chosen payment method: bank transfers take 3-5 working days, electronic payment systems - up to 24 hours. Please note that when you fund your account with a credit card, withdrawals can only be made in 30 days after the last deposit.

Question: How can I get a Welcome Bonus? And what are the conditions for withdrawing profits from the account?
Answer: Any client who opens an STP account with the company for the first time after September 1, 2015 can receive a welcome bonus. After opening an account please contact the broker via online chat on the official website or through a personal manager. After that you will be required to send a trading account statement from a previous broker showing a deposit of at least $ 50 during the last year. The bonus is credited to a trading STP account and is available for trading on the real Forex market. All profits are available for withdrawal.

Attention! The bonus is not available to residents of Nigeria, Indonesia and Bangladesh.

Question: Is it profitable to trade cryptocurrency during a pandemic?
Answer: Each trader should make an individual decision on which instrument is most suitable for the chosen trading strategy in the framework of the current situation on the markets. However, Forex.ee offers the most favorable conditions for cryptocurrency trading, regardless of what is happening in the world. It allows you to earn money in any scenario. Forex.ee traders gain access to a wide variety of cryptocurrencies in pairs with bitcoin, dollar and euro. Trading is performed on an ECN-type account and the minimum deposit is only $ 10.

If you still have any questions please send them by e-mail at support@forexee.com or via online chat on the company's website.

Forex.ee wishes all clients more successful trading days and summer profits!!

Diversifying your Forex portfolio with Forex.ee

What is diversification? This is a way to minimize the risks while trading on the Forex market, which in essence is distributing investments within the trading portfolio using various methods and techniques. We will not go into dry economic theory and diversification of trading risks - today's release from Forex.ee will be devoted to the diversification of risks within the Forex portfolio.

Why does a trader need to diversify a trading portfolio? The main point of diversification is to reduce trader's overall risk indicator without compromising his profit indicators. Thus, trading threats for some instruments do not affect other instruments - trading elements do not overlap in the risk zone and provide a greater level of security. Traders know how easy it is at times for markets to move rapidly as a result of unforeseen events on the world stage, and it makes accurate price prediction almost impossible. Therefore, it is important to have a diversified portfolio in order to be able to make profit regardless of the direction of price movement.

To achieve the most beneficial result, you can use several types of diversification at once.

• Diversification of the trading portfolio with Forex.ee. The goal is to optimize the portfolio by using instruments that are not in direct correlation with each other (for example, EUR / USD and USD / CHF), currency pairs with high and low volatility. Forex.ee provides traders with more than 50 trading instruments with currency pairs and 43 pairs with cryptocurrencies.

• Diversification of the strategy portfolio with Forex.ee. Diversification does not have to be all about selling one currency and buying another, it can also be achieved through various trading strategies. All a trader has to do is to divide his capital between different systems. If one of the systems does not work as expected, the results of the other system will be able to "cover" the gaps that have appeared. For example, where a trend-following system is useless, a counter-trend system will demonstrate profit.

Forex.ee removes all restrictions on the choice of trading strategy - traders have access to the whole range of existing systems. You can trade using robots, scalping and hedging or locking, as well as other trading strategies.

A wide variety of available trading strategies in combination with a large pool of instruments, as well as favorable trading conditions at Forex.ee, will become your reliable assistants in achieving success on the Forex market.

• Instant execution speed 200-300 ms.  A combination of ECN / STP technology and largest liquidity providers ensures a high speed of order execution at the best price.
• Some of the lowest spreads in the Forex industry. Forex.ee broker is one of the TOP-5 ECN / DMA brokers with the tightest spreads and lowest commission on the Forex market - spreads from 0 pips.
• The minimum deposit is only 50 USD, large leverage up to 1: 500 allows almost everyone to trade and earn real profits.
• Slippage control protection. A built-in mechanism in the MT4 terminal, which allows you to make a profit and keep your deposit in case of a sharp price change.

Do not give away your chances to increase capital to other traders, diversify wisely and make money with Forex.ee!

SWAP-free accounts at Forex.ee make Forex even more accessible and profitable!

For many professional traders Forex trading is not just a way to earn extra money, but an integral part of their lifestyle. However, there are also a number of traders whose religious beliefs do not allow using certain standard services such as holding an open position overnight. To remove this obstacle, Forex.ee offers trading on special swap-free Islamic accounts!

In general, trading conditions on SWAP-free accounts are no different from those on standard ECN and STP accounts. However, on Islamic accounts SWAP for holding a position open for the next trading day or week is not charged. Instead, an additional commission equal to SWAP is charged on Islamic accounts. In this case, the commission can be both positive and negative.

What types of Islamic accounts are available at Forex.ee? In total 5 types of swap-free accounts are available to clients: STP, Basic ECN, Advanced ECN and Premium ECN, Crypto ECN. At the same time, traders are not limited in the choice of trading instruments; more than 50 currency pairs, gold and silver, and cryptocurrencies are available for trading. Forex.ee removes all trading restrictions - users of Islamic accounts can use any trading strategy from high-frequency trading to scalping.

Are Forex.ee promotions available to traders on SWAP-free accounts? Sure! Traders of Islamic accounts can take part in all company promotions:
• Free subscription to a signal provider in the MQL Signals Service. To do this you need to connect a real account to the signal service, subscribe to one or more signal providers with the fee of up to $ 50 and send a confirmation of the subscription payment by email at info@forexee.com. Forex.ee will transfer up to $ 50 to your eWallet as compensation!
• 0% commission when funding an ECN account with a credit / debit card or bank transfer for amount over $ 3000.
• Reduced commission for ECN accounts of $ 1 for a period of 1 to 8 weeks.

Open an account and trade profitably today - hundreds of Islamic traders have already appreciated all the possibilities of SWAP-free accounts at Forex.ee. Send an application to convert your account into Islamic and make profit without restrictions while Forex.ee takes care of your comfort!

What you need to know about depositing / withdrawing funds at Forex.ee before opening an account

Money transfers to the account and withdrawals from the account can complicate the life of market participants or make trading more convenient - when high speed of withdrawals, reliability and safety is ensured, as well as the possibility of choosing a transfer method. For many years, Forex.ee broker has provided a wide variety of deposit and withdrawal methods. We have prepared a FAQ with answers to the most popular questions about money transfer opportunities in Forex.ee.

Q: What deposit methods are available at Forex.ee?

A: There are 9 different top-up methods available to the client, including credit cards, bank transfer and electronic payment systems. To replenish your account with Forex.ee, you can use Visa / MasterCard and SWIFT transfers, as well as the most popular electronic payment systems: Perfect Money, FasaPay, QIWI Wallet. In addition, you can fund your Forex.ee trading account using Bitcoin, Bitcoin Cash, Litecoin and Ethereum. For residents of Asian countries, Union Pay top-up is available.

Q: Are all these methods also available for withdrawing funds?

A: You can withdraw funds by bank transfer or the following electronic payment systems: Perfect Money, FasaPay, UnionPay. You can also withdraw funds from your trading account using cryptocurrencies.

Q: And what about the commission? What is the cheapest way to deposit funds?

A: The table below shows the commissions for each of the available deposit methods.

Forex.ee appreciates its clients and provides the most convenient trading conditions, including the opportunity to deposit without any commission. As part of the promotion, you can deposit funds using a bank card with a 0% commission. Detailed conditions of the promotion are available here. As reflected in the table, replenishment using cryptocurrencies is also free of charge.

Q: If I want to withdraw funds from my trading account, what will be the commission?

A: We would like to remind that Forex.ee does not charge any commission for depositing and withdrawing funds, all commissions go to a bank or payment system. Commissions are presented on the screenshot below.

Q: How long does it take to withdraw funds?

A: Withdrawal time depends on the chosen method. For bank transfer, withdrawal of funds can take from 3 to 5 business days, while withdrawals using electronic payment systems take only up to 24 hours. Please note that if a withdrawal request is submitted on the weekend, the request will be processed on the next working day, which may increase the processing time.

Q: I have two trading accounts. Can I transfer money from one account to another?

A: Sure. Forex.ee offers a commission-free Internal Transfer service - transfer of funds between accounts can take from 24 to 48 hours.

Choose the most convenient method, fund your account and earn new profits with Forex.ee!

Changes to Forex.ee server time settings

Dear Clients,

Please note, Forex.ee MetaTrader 4 (MT4) server time is changing to GMT+2 (standard time).

When the market starts on  November 2nd, 2020, the GMT offset in the company’s trading platforms will be set to GMT+2.

Although the change should not affect open trades or the process of opening, placing, closing or modifying orders, however, we strongly recommend adjusting the GMT offset in Indicators and Expert Advisors to GMT+2 to match Forex.ee server time.

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