FreshForex Broker Review 2024

FreshForex is a Forex broker that offers 3 primary account types, including Classic, Market Pro, and ECN accounts, with a $10 minimum deposit threshold and high leverage up to 1:500.

This broker provides 50 currency pairs and various CFD instruments for traders in 158 countries.

FreshForex complete review for beginner and professional traders

FreshForex Company Info & Regulations

FreshForex, established in 2004, is an online forex and cryptocurrency trading platform based in Kingstown, Saint Vincent and the Grenadines. With nearly two decades of experience, the company has expanded its reach to serve clients in over 158 countries. FreshForex is commitment to trader protection, fast trade execution, and competitive spreads.

It's worth noting that right now, FreshForex doesn’t operate under oversight of top-tier financial institutes and traders are advised to consider this fact before creating an account on this platform.

FreshForex Broker Summary of Specifications

FreshForex offers a comprehensive suite of trading services catering to novice and experienced traders. Here's a snapshot of what the broker brings to the table:

FreshForex broker Accounts

FreshForex caters to a diverse range of traders by offering 3 account types, each designed to meet specific trading needs and styles. Let's break down the main account options:

Classic Account:

• Ideal for beginners
• Over 130 trading instruments
• Floating spreads from 2 pips
• Maximum order size 20 lots
• Order execution time 2-3 seconds

Market Pro Account:

• Tailored for active traders and scalpers
• Floating spreads from 0.9 pips
• Minimum order size 0.01 lot
• Order execution from 0.1 seconds
• Market execution

ECN Account:

• Professional-level trading
• Max leverage 1:500
• Floating spreads from 0.0 pips
• Maximum order size 10,000 lots

It's worth noting that FreshForex does not impose minimum deposit requirements for opening these accounts, which can be particularly appealing for traders starting with smaller capital. Additionally, the broker offers a free demo account, allowing potential clients to practice trading strategies and familiarize themselves with the platform before committing to real funds.

Advantages and Disadvantages of FreshForex broker

When considering FreshForex as your broker, it's crucial to weigh both its strengths and weaknesses. Here's a balanced overview:

FreshForex Broker Sign-up and Verification

Now it’s time to walk you through the sign-up process in our FreshForex review:

1. Visit the FreshForex official website and click on the "Start Trading" button.
2. Fill in the registration form with your personal details, including phone number, email address, first and last name.
3. Confirm your email address and choose additional account parameters, including trading platform, account type, base currency, leverage, and swap-free service.

Now that your account is set up, you need to provide proof of identity and proof of residence documents to verify it.

FreshForex Broker Trading Platforms

FreshForex provides traders with access to some of the most popular and advanced trading platforms in the industry. Here's an overview of the platforms offered.

MetaTrader 4 (MT4)

MetaTrader 4 is the most well-known platform among forex traders. Here are some of its key features:

• Industry-standard platform
• User-friendly interface
• Advanced charting tools
• Automated trading capabilities
• Large community of traders and developers
• Available for desktop, web, and mobile devices

Links:

• Android
• iOS
• Desktop

MetaTrader 5 (MT5)

FreshForex also offers MetaTrader 5 for its users. Key features of this platform include:

• Next-generation platform
• Enhanced charting capabilities
• More timeframes and analytical objects
• Supports trading in stocks and futures
• Economic calendar integrated
• Available for desktop, web, and mobile devices

Links:

• Android
• iOS
• Desktop

Web Terminal

Traders can also use web terminals to access their trading accounts on any device without the need to download another program. Key features of web terminals include:

• Browser-based trading platform
• No download required
• Access from any device with internet connection
• Real-time quotes and charts
• One-click trading functionality

FreshForex Spreads and Commissions

Now, it’s time to talk about spreads and commissions in our FreshForex broker review. FreshForex has low commission fees and spreads. Here are FreshForex spreads and commissions in various accounts:

It's worth noting that spreads can vary depending on market conditions, especially during times of high volatility or major news events. FreshForex claims to source liquidity from multiple providers to ensure competitive pricing.

Deposit & Withdrawal methods in Freshforex Broker

FreshForex offers a variety of deposit and withdrawal methods to cater to traders from different regions. Here's an overview of the available options:

• Credit/Debit Cards (Visa, Mastercard)
• Bank Wire Transfer
• E-wallets (Volet, Perfect Money, WebMoney)
• Cryptocurrencies (Bitcoin, Ethereum, Thether)
• Local paymednt systems (varies by country)

Here's the steps you need to take to fund your trading account:

1. Enter FreshForex client area
2. Choose your preferred payment option
3. Enter the deposit amount and other neccessary details
4. Complete the transaction process

Copy Trading & Investment Options Offered on FreshForex

Unfortunately, FreshForex doesn’t offer a PAMM account or copy trading feature at the moment. This broker used to have a copy trading system called “Flagman invest” which account managers could use to receive funds from beginner traders and manage them.

FreshForex Markets and Symbols

FreshForex offers a diverse range of tradable instruments across various asset classes:

• Forex: 50 currency major, minor, and exotic pairs available
• CFDs: Cryptocurrencies [BTC, ETH, XRP, etc.], Precious metals [Gold, Silver], energy futures [Gas, Brent oil, WTI], Indices [CAC 40, Nikki, S&P 500, DJI 30, etc.], and corporate stock.

FreshForex Broker Bonuses and Promotions

FreshForex offers several bonuses and promotions to attract and retain traders. Here are some of their key offerings:

• No Deposit Bonus: FreshForex offers this bonus to traders who create a classic, market pro, or ECN account using a promotion code. Traders can withdraw their profits using this bonus or extend the time limit by seven more days by depositing funds into their accounts.
• 101% Deposit Bonus: To receive this bonus, traders need to fund $101 dollars or more to receive 101% of the deposit amount as a bonus.
• while bonuses can provide additional trading capital, they should not be the primary factor in choosing a broker. Always consider the overall trading conditions, regulation, and reputation of the broker.

FreshForex Broker Support

It’s time to assess customer support in our FreshForex broker review. This broker provides customer support through various channels to assist traders with their queries and concerns.

While FreshForex aims to provide comprehensive support, it's worth noting that the service is not available 24/7, which could be inconvenient for traders in different time zones or those trading during weekends. Some user reviews have reported mixed experiences with customer support, so it's advisable to test the responsiveness and helpfulness of the support team before committing to a live account.

Restricted Countries in FreshForex broker

Due to regulatory restrictions and international sanctions, FreshForex operates globally but does not provide services to certain countries.

Here's a list of some key restricted countries:

• United States
• United Kingdom
• Hong Kong
• France
• Australia
• Belgium
• Israel
• Iran
• North Korea
• Syria

Additionally, FreshForex does not accept clients from:

• Countries under international sanctions
• High-risk countries identified by FATF
• Regions with serious AML/CFT deficiencies

It's important to note that this list is incomplete and may change over time due to evolving regulatory landscapes and geopolitical situations. Traders should always check the most up-to-date information on the FreshForex website or contact customer support to confirm their eligibility to open an account.

FreshForex broker Trust Scores & Reviews

FreshForex has received mixed reviews from traders and industry experts. Here's a summary of trust scores and user feedback:

It's important to note that online reviews can be subjective and may not represent the experiences of all traders.

FreshForex Broker Education

FreshForex provides a comprehensive suite of educational resources to help traders enhance their trading skills. From forex trading basics to technical and fundamental analysis, Freshforex offers a variety of articles for market participants to learn the ins and outs of trading. This broker also provides forex webinars for traders to get updated with news and technical analysis on various currency pairs.

TF Expert Suggestion

FreshForex's low trading costs (spreads from 0.0 pips and 0.003% commissions) combined with a no-deposit and $101 deposit bonus have made this platform a prominent player in the brokerage space.

However, the lack of proper regulation by highly regarded financial authorities such as FCA, SEC, CySEC, and ASIC is a major drawback traders need to be consider.