FreshForex Broker Review

A forex and CFD broker, FreshForex offers MT4 platforms and several account types for trading Forex and CFDs. This review covers the bonuses, demo accounts, maximum leverage, and deposits requirements.

Established in 2004, FreshForex is an offshore brokerage operated by Riston Capital Ltd., incorporated in Saint Vincent and the Grenadines. Clients from over 200 countries are offered over 130 different financial instruments and a range of educational tools.

Some countries where FreshForex does not accept clients, including the United States, Spain, the United Kingdom, and North Korea. Additionally, we examine FreshForex’s regulation status to assess its legitimacy.

You can find our transparent FreshForex review below. Broker reviews are updated frequently!

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About Freshforex

In 2004, FreshForex was founded in St. Vincent and the Grenadines and was headquartered in Kingstown. A reputable company, Real Capital, owns FreshForex. The company has been in the financial services industry for many years.

While FreshForex primarily serves Russian and Asian residents, it has gained considerable influence on the foreign exchange market in the whole European Union and beyond.

With a vast array of services, users can trade Forex, precious metals CFDs, indexes, securities, and energy, as well as hedging their transactions with the Smart Bridge Technology transaction hedging platform.

Further, the broker provides its clients with trading training, affiliate programs, and 24-hour technical support.

Over 140 financial instruments are available to clients and several trading accounts. In addition to helping beginners learn about trading, the extensive training section can also benefit experienced investors interested in developing their skills.

Regulation

FreshForex’s license is issued by Riston Capital Limited, a Russian financial regulator, and accordingly, FreshForex is regulated by CRFIN.

As well as adhering to KROUFR regulations, FreshForex follows other regulatory bodies that handle disputes and impose penalties in case of omissions.

The FreshForex website advertises that the company offers some of the best trading conditions in the industry.

Considering FreshForex is based in the offshore hub St. Vincent, and the Grenadines without being regulated or licensed by the industry’s more established watchdogs, dealing with the company may come with some risk.

Freshforex tradable products

On each account, investors have access to the following assets:

• 49 currency pairs;
• 7 precious metal CFDs;
• 68 securities CFD of different companies;
• 1 index CFD;
• CFDs on 6 cryptocurrencies

Investors most commonly traded currency pairs. This instrument can get a stable income due to the high volatility index. As a result, the broker’s clients earn profits on shares of Qiwi, Nvidia, Apple, eBay, Goldman Sachs, among others.

Various energy options can earn you money if you have the right experience. In addition, foreign exchange, CFDs, and stock market yield cards are available to all investors.

Freshforex spreads

FreshForex offers spreads as low as 1.3 pips; commissions start at 0.0030% with an ECN account. Withdrawals from FreshForex are subject to 0.5% for FasaPay and Perfect Money and 2.5% for credit cards.

FreshForex does not document inactive fees.

Average Standard Account Spreads on Majors

• EUR/USD: 3 pips
• GBP/USD: 3 pips
• AUD/USD: 1.6 pips
• NZD/USD: 1.0 pips
• USD/CHF: 1.2 pips
• USD/JPY: 1.2 pips
• USD/CAD: 1.6 pips

For Forex, ECN accounts charge commissions starting at 0.0030%.

Freshforex fees

In addition to withdrawal fees, FreshForex charges 0.5% for FasaPay and Perfect Money and 2.5% for credit cards.

The minimum deposit requirement is not specified, but they suggest $200 for Classic, $400 for Market Pro, and $2,000 for ECN.

USD, RUB, EUR, and BTC are the base currencies. MT4 and the trading platforms, as well as all assets, are available for all three accounts.

There is a fixed spread for the Classic account and a floating spread for the two other accounts, and each account requires a minimum order size of 0.01 lots.

Freshforex leverage

This term refers to the facility that allows a trader to open an open position with a large amount of market exposure compared to the amount of money they deposited. Traders who leverage their products increase their potential profits and increase their potential losses.

Leverage is expressed in ratios, like 50:1, 100:1, and 500:1. So, for example, based on the assumption that someone has $1,000 in their trading account and is trading USD/JPY at a leverage of 500:1, that trader’s leverage would be 500:1!

According to its homepage, Freshforex offers maximum leverage of 1:2000. However, several reviews point out that 1: 1000 is more accurate.

FreshForex account types

In FreshForex, you can create the following kinds of accounts:

1.   Classic account

The classic trade account allows you to carry out currency and base assets transactions. Leverage of up to 2000 is available for 130 trading instruments. Minimum orders are 0.01 lots. The spread is 2 points.

Scalpers and experienced traders and those who work at minimum intervals should consider Affiliate Market Pro. There is a 1:250 leverage. In addition, there is a 0.9-point floating spread.

2.   ECN account

The ECN provides access to interbank transactions at market rates. Asset purchase or sale order can be executed in as little as 0.05 seconds. Spreads start at zero. Commissions for the contract are set at 0.003%.

3.   Swap Free account

Trading positions held for an extended period are recommended for “Swap-Free” accounts. Positions swaps for subsequent trading sessions do not incur a fee, but a fixed commission is paid. It is possible to activate this option during other trading sessions if needed.

4.   ProCent account

Using ProCent, you can execute transactions in real market conditions with no risk. Inexperienced investors and those who use trading advisors will benefit from this type of account.

FreshForex trading platform

Broker companies provide their clients with forex trading software, called the platform, which they use to trade.

An exchange platform can be multi-asset, meaning that clients can trade Forex and stock CFDs, stock indices, precious metals, and cryptocurrencies.

This factor will also be considered when choosing a broker since the platform a client wants to use will depend on the type of trading they want to do.

FreshForex provides:

• MetaTrader 4 is available for PC and Mac OS, as well as Android and iOS devices
• MetaTrader 5
• VPS FOR METATRADER 4/5 BY “FRESHFOREX”

Forex, Futures, and CFD instruments can be traded with the best Forex software, MT 4, which includes:

• All transactions are confidential
• Charts are available in an unlimited number
• Various technical indicators and graphs are available
• Custom indicators, expert advisors, and scripts
• Interface in multiple languages

The advantages of MetaTrader 5 are the same as those of Metatrader 4.

• Trading with FreshForex Expert Advisors worldwide is trouble-free, thanks to the FreshForex VPS server.
• When virtual dedicated server hosting is combined with automated trading systems, this will work more smoothly and efficiently. The FreshForex Easy bot will provide information essential to quick trades, eliminating the need to analyse charts and other complicated analyses.

Freshforex payment methods

On FreshForex’s website, the broker suggests specific amounts for certain accounts, but no minimum deposit is specified.

Trades within the popular payment instruments can be deposited and withdrawn quickly, safely, and transparently. Traders choose more than 20 options for deposits and withdrawals, and there is no fee for deposits.

Credit and debit cards, or UnionPay, OkPay, Neteller, Webmoney, WalletOne, Skrill Moneybookers, FasaPay, and bank wire transfers are all methods used to deposit.

A FreshForex account is credited instantly with funds, and withdrawal requests are processed instantly. However, FreshForex may not be able to fund an account right away in some cases because of the client’s bank.

FreshForex is yet responsible for the size of commissions or delays related to funding transfers or exchange services, as they are set by payment systems and exchange services, not by the company.

Opening an account

You can sign up for an account on the trading conditions page by visiting the company’s website. Then, go through the standard registration procedure by clicking on “Create account” in the next window.

An e-mail address, mobile phone number, and country of residence are required in the first stage. Then, you must fill in your personal information and select account parameters in the second stage.

Once the operation has been completed, the system will e-mail a confirmation letter and login details.

Freshforex bonuses and promotions

First-time deposits of $500 or more are rewarded with a tradable bonus at the time of drawdown. If you deposit that amount, you will receive an incredible 101% bonus, and if you deposit $100 or more, you will receive 30%.

When a deposit amount exceeds 500 USD / 450 EUR / 35 000 RUB, 101% of the deposit amount is credited to the account for the first funding after the promotion is activated. After enabling, deposits over 100 USD/90 EUR are subject to the 30% deposit charge.

Clients of FreshForex have many options to secure transactions and protect profits, but clients should be aware that no deposit bonuses can be a great way to help you start trading, but they sometimes come with ridiculous terms.

You have to trade so much before making a withdrawal that it isn’t worthwhile even if you make a profit.

FreshForex trading hours

Customer support representatives at FreshForex can answer any questions clients may have. From 10:00 to 19:00 local Russian time, support is available five days a week (not on weekends).

E-mail, phone calls, and live online chat are available in Russian, English, German, Chinese, Arabic, and Italian. You can also request information online.

Education and research

You can subscribe to an RSS feed from the FreshForex website or view a company news page. In addition, CleverFX is an encyclopedia for traders that offer more than 1000 articles covering essential trading topics.

The FreshForex Forecast service analyses the latest data continuously and posts daily Forex forecasts by top experts. Traders of all levels can use FreshForex, including beginners and more advanced traders looking for more customisation tools.

Weekly reports provide up-to-date fundamental information on major currency pairs, and daily fundamental reviews give you a sense of what to expect during the week.

In addition to webinars, guides, and lessons, FreshForex provides interactive instructions. In addition to their website, traders can also find a list of books to make their trading systems and learn about market analysis.

FreshForex South Africa

FreshForex brokers also accept clients from South Africa, in which you can open your trading account through ZAR currency type.

Broker FAQ

Thinking of Trading with FreshForex?

1.   FreshForex offers leverage?

The maximum leverage offered by FreshForex is 1: 2000

2.   With FreshForex, what are the spreads I can expect?

The spreads on FreshForex’s accounts start from 0 pips. Customer support can provide more information if the details on the website are not complete.

3.   FreshForex charges commissions?

Customer support can provide more information on commissions.

4.   Is FreshForex a regulated broker?

Despite FreshForex’s lack of a license, it is regulated by CRFIN and KROUFR, who deal with disputes.

5.   Is a demo account available with this broker?

A demo account is available for new traders who want to start successfully trading by learning skills and seeing some educational tutorials.

Bottom line

As a broker operating in the Russian Federation, FreshForex claims to have reached the top-ten list. In addition, its excellent trading conditions, partner program, and support services recognised Asia’s best broker.

Traders of all levels can use FreshForex, including beginners and more advanced traders looking for more customisation tools. As a result, their trade executions are swift, their spreads are low, and they have won multiple excellence awards.

They also offer trading education and analysis, as well as several promotions. More than 158 countries have registered with the broker.

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