❌NON-RECOMMENDED BROKER
FreshForex review
This broker was not featured in our 2024 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date. We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. All brokers are then given a score out of 100.
We update this methodology and our recommended reviews yearly, so that you’re only given up to date information. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.
Whether you need a new place to crash to make your financial trades, or you are a beginner in Forex market, you will have to be patient and attentive till you find the right choice to make. Choosing a Forex broker, of course, is never easy or should be fast. On the contrary – finely take a look at many options, consider different reviews, compare and test till you can be 101% sure that you have come upon the right financial trading platform. Speaking of reviews and proper Forex websites, a Forex broker page review is about to be presented by our well-trained and professionally educated team. Check out our detailed and comprehensive top-notched FreshForex review now. See if this is that kind of a broker you have been recently looking for!
| Bonus | Up to $5000 |
| Regulation | CRFIN |
| Mobile | Yes |
| Instruments | Forex, Metals, Indices, Stocks, Commodities, CFDs |
| Website | www.freshforex.com |
| NOT VERIFIED | |
FreshForex Broker – Preliminary First View of the Broker
FreshForex is a typical Forex broker that has been on the market for more than 10 years. With more than a decade of rich experience, this platform has been considered to be equally suitable for both – beginners in the field and more advanced traders, who need more options and features to choose from and to enjoy.
FreshForex is owned by a reputable and well-known company that has been also part of the financial services world for many years – Ristal Capital. This is a typical big Russian company with significant influence on Forex world in its country. However, FreshForex is also very popular among the whole European Union and recently – the world – too, because it has succeeded to prove its finest reputation and reliability. Mainly, the trustworthy nature behind FreshForex website comes from the main broker`s regulation – strict program that is provided by Russian national financial regulator CRFIN.
But if you think that personal data protection and financial transparency is an easy thing to be hold only by a single agency, you are wrong. And FreshForex chiefs understand this at a full value. This is why the broker has an additional regulation body that handles the disputes and the penalties in case of omissions – KROUFR is that extra regulating support.
FreshForex – Financial Trading Features
FreshForex is a customer-friendly website with numerous trading features. It is especially simple to be used and helpful to beginners, because it has a whole education center with free lessons and tutorials to offer. The broker offers the three main currencies for account management – EUR, USD and RRB. It has personal manager option, good opportunities for urgent telephone trading, as well as fine environment for scalping and hedging. There are stocks, commodities, foreign currency pairs and indices to make trades with. The payout is averagely high – above 87%. The spreads are various, but the USD/EUR pip is really satisfying. The margin call level is about 15% and the automated trading system is always allowed to be offered.
FreshForex Account Types
What is typical for FreshForex broker is that it has numerous types of trading accounts. See them all now:
- Islamic account for all Muslim traders from all over the world, if their countries allow Forex activity
- Demo account for people, who need to test the platform in advance or their personal skills and new knowledge
- Standard account type with small minimum deposit requirement and fast registration
- ECN account with spreads from 0 pips
- Partner account for all traders, who prefer to make trades together and to share the risk
FreshForex Payment Methods
The first thing you need to do on the website is to make a registration, where the main question youll be asked is how youll manage your finances. Or what the payment methods at the website are. They are offered for both – withdrawals and deposits:
- credit and debit card
- China UnionPay
- OkPay
- Neteller
- Webmoney
- Wallet one
- Skrill Moneybookers
- FasaPay
- Bank wire transfer
- Cash Point
FreshForex Trading Platform
Trading on FreshForex website is very easy and pleasant because of its great trading platform. The website is using MetaTrader 4 – the real leader among all of the web-based platforms in the world. Also, the broker does have a mobile version, so if you want to make trades on the go, simply use your mobile device browser to type the name of the website and to make trades anywhere and anytime.
FreshForex Customer Support Services
Do not hesitate to ask a question, name an inquiry or get additional information from FreshForex kind and polite customer support representatives. The customer support of this broker is available for you 5 days per week (without weekends) and from 10 to 19 o-clock local Russian time. Communication is via e-mail, phone call or online live chat. Feel free to use one of these languages: Russian, English, German, Chinese, Arabic, Italian and many more.
FreshForex Bonus System
Last, but not least, find out the special offers and promotions FreshForex is generous enough to offer to its audience now. See the currently available bonuses at the website:
- 50% Forex Rebate Bonus on any $5 trade
- 36% pet annum promotion that offers you the most exclusive interest rates
- Change your current broker and switch to FreshForex and you will get a welcome bonus of 50% of your first deposit. The more you deposit, the more you will get as a bonus!
- 35% deposit bonus on each of your next deposits
- Double deposit bonus with special rules you should check out on the website! Read them once you have an official Forex trading account and have the best bonus ever!
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Frequently Asked Questions (FAQs)
Yes, our review of FreshForex found that the broker is operated by Riston Capital Ltd, a company registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA).
FreshForex is not a scam, yet our experts do not recommend trading with this broker. As FreshForex is only regulated by a third-tier authority, it is not as safe or as trustworthy as other brokers. In contrast, our recommended forex brokers all boast top-tier licenses from the likes of CySEC, ASIC and the FCA.
There is no minimum deposit at FreshForex on any account type. This includes their Classic, Market Pro, ECN, and demo accounts. The broker does, however, recommend a starting balance of $200.
FreshForex charges commission on ECN accounts. It also charges all users commission for trading corporate shares CFDs, no matter which account type you have. Commissions range from $1.90, to $30 per million traded. Do note that, due to the high leverage offered by FreshForex, you may find yourself accruing commission charges faster than expected.
At FreshForex, you can open a Classic, Market Pro or ECN account. The broker also offers demo accounts and swap-free accounts. FreshForex’s swap-free accounts are not suitable for Islamic traders, however, as commissions are charged in lieu of swaps.
