Reviewed broker: FreshForex
Operated under Riston Capital Ltd.
Established in 2004
Location: Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines
Regulation: Financial Services Authority of Saint Vincent and the Grenadines
USA Traders: no accepted
Trading instruments: forex, commodities, CFDs, indices, ETFs, Stocks, Bitcoinm Crypto
ECN: yes
NDD no dealing desk execution: yes
Latest awards: FreshForex is in TOP-3 of 11 IAFT Awards nominations for “The Best Broker of the Year” , “Dynamic development” and “Innovative Broker”
What does Freshforex offer to the customers?
- Access to the Forex and CFD markets
- Quick and safe financial operations
- Various types of accounts, fixed and floating spread
- Special VIP program for Forex online trading
FreshForex Regulation and Licensing in more detail
We have checked and FreshForex is regulated and supervised by reputable organisations. You are able to check every FreshForex supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FreshForex. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent.
The brokerage firms have to comply with a variety of rules and criteria that is determined by the jurisdiction’s regulatory authorities, in order to stay licensed and continue operations in those jurisdictions. The whole notion of regulation is to protect FreshForex traders and provide safer a trading environment. Financial regulation and license approval is essential.
- Commission for the regulation of relations on the financial market (KROUFR)
- The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN)
FreshForex is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FreshForex you should be sure they’re legitimate online agent.
Freshforex Review : trading conditions in the market
- In 2016, FreshForex received well-deserved award for Best Trading Experience
- More than 211+ instruments for trading: promising cryptocurrencies, shares, indexes, metals.
- 57 new cryptocurrencies with high liquidity and large capitalization, including cross-rates of the largest coins BTC, ETH, BNB, BCH, LTC to major world currencies EUR, GBP, AUD, CAD, NZD, CHF
- No slippage and requotes: experience ultra fast order execution from 0 seconds.
- Tight floating spreads starting from 0 points and flexible hedging system Smart Bridge Technology®, which provides the best Non-Dealing Desk execution and accurate market quotes
Maximum leverage: 1:1000
Account types: classic, market pro, ECN
Mini account: no
Fixed spreads start from 2 pips
Variable spreads start from 1.6 pips
Variable ECN spreads start from 0.0 pips plus $6 commission per standard lot
Demo account: yes (fueled with $10,000 USD of virtual money)
Segregated account for client funds: no
Social trading: yes
Live feeds of trading activities: yes
Follow specific traders activity: allowed
Copy other traders: yes
Spread types: variable
Stop loss/ limit orders: yes
Hedging: no
Automated trading: yes
Marin call: 100%
Stop out: 20%
Spreads & Commissions
Spreads at FreshForex are fixed with the Classic account at 2 pips for the EUR/USD and 3 pips for the GBP/USD. Spreads are floating with the Market Pro account, starting at 1.3 pips for the EUR/USD. These are by no means the tightest spreads out there. Minimum spreads at regulated brokers such as XM start from 0.1 pips, for example.
Commission is charged with the ECN account, starting from 0.0030% for forex. Other charges include overnight swap fees which are tripled from Wednesday to Thursday. Overall, FreshForex is a relatively expensive broker to trade with.
Leverage
The maximum leverage accessible with the Classic account is high at 1:2000. The Market Pro and ECN accounts cap leverage at 1:1000, but even this is higher than most. These leverage rates should be approached with caution as they can seriously increase losses as well as returns
Freshforex Review : ECN account for high level trading
The main advantage ECN account is the use of scalping strategy without any restriction from the broker. Plus, ECN account does not imply requotes, and traders can trade at market prices. any trader to trade at market prices, which are formed by market participants. ECN account is designed for professional traders with advanced knowledge in forex trading
Swap free Islamic accounts are available with Fresh Forex
The Swap-free service or Islamic account is available on any trading account: Classic MT4, Market Pro MT4 and even professional ECN MT4.
Trading Platforms
FreshForex trading terminals and services:
- MetaTrader4/5 is one of the most popular trading terminals, which is appreciated for its ease of use and functionality. It allows you to work in financial markets, as well as with CFDs and futures. Also, the platform makes it possible to use, and even create by yourself, programs for automated trading. The platform works on all widespread operating systems: Android, iOS, MacOs, Windows, and Linux;
- Web-terminal – the broker offers to use the web version of the MetaTrader 4 trading terminal, which is equipped with a large set of functions and has a high level of security. Advantages of the platform are the absence of the need to install it on a PC or smartphone/tablet, the possibility to trade from any type of account, as well as the availability of many trading instruments;
- VPS-server from FreshForex – for uninterrupted operation. By renting an allocated virtual server, you can work with automated trading systems more efficiently. It provides round-the-clock high-speed Internet and gives access to all functions of the terminal from any device. To make it easier for traders to decide whether they need this service, the broker allows you to rent it for free for a day;
- FreshForex Easy bot – for easy Forex trading. This is a virtual assistant that will allow you not to waste time analyzing charts: it will collect and show only relevant information. However, you should not fully trust automated programs and rely wholly on their recommendations because the data collected and provided by the bot can turn out to be inaccurate.
Customer Service
Online chat: available
Email support: yes
Phone representatives: yes
Freshforex Review : Educational Material and Promotions
Educational material: tutorials, webinars, online videos, blog, market analysis.
LEARN FOREX TRADING WITH THE FRESH FOREX FREE ONLINE EDUCATIONAL COURSE!
This Forex trading quick guide is based on our original Forex trading courses and has been designed for beginners. Consistent and intuitive course navigation makes it easy for you to move through the lessons. We gradually move from simple to complex and discuss the practical aspects of trading. This structured way of learning foreign exchange helps you save your time and avoid getting confused with the large number of articles and books about Forex. The guide provides all the essential information you need to trade on Forex market. We explain complicated ideas in simple terms and give lot of examples to make learning Forex more efficient.
ONLINE FOREX TRADING GUIDE FOR BEGINNERS FROM PROFESSIONAL TRADERS
This Forex trading quick guide was created by professional traders and Forex market analysts. It includes the most useful and reliable information based on their knowledge and experience. There is a test after every lesson. You can pass it to check your knowledge. If you pass all of the tests successfully, you will obtain a personal certification (this option is available only for registered users).
Do you want to continue learning and analyzing Forex market?
There is no registration required to start your learning Forex with us. However, if you create an account with FreshForex, it will help to check your knowledge after taking the course.
All sections of self-study tutorials are available to every visitor without registration. However, creating account will help you to test the knowledge received.
Freshforex Review : Deposits and Withdrawals
Minimum deposit requirement: $1
Payment methods: Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer.
Current Promotions at the time of the Review
SPECIAL FOR CLIENTS FROM KENYA
Deposit via Kenyan mobile payments and get an extra +5%
+10% TO CRYPTOCURRENCY DEPOSIT
Get +10% to each cryptocurrency deposit.
STOP-OUT INSURANCE
The market moved in the opposite direction and position was closed under stop-out? There is no reason to panic: in case of losses FreshForex will return 50% of insured funds!
DEPOSIT BONUS 300%
Do you want to increase your trading volume? Take advantage of the FreshForex record bonus — get 300% for each deposit and enjoy the active trading!
DEPOSIT WITHOUT COMMISSION
FreshForex has been successfully operating on Forex since 2004. Our company continues to grow, improve trading conditions and offer only profitable bonuses and promotions. Now we cancel deposit commissions! Top up your account and trade with pleasure — let us worry about commissions!
How was the rating of Fresh forex performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Fresh forex broker performance and features.
Overall our online Freshforex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Freshforex or you find inaccurate details Freshforex broker review please get in touch with us and the changes will be applied.
