FreshForex Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this FreshForex Review.
FreshForex Review
FreshForex offers several forex trading account types – two commission-free ones (fixed-spread and floating-spread), as well as an ECN account with raw market spread, which involves a commission fee. All of them provide market execution, the option to trade in micro lots and high leverage levels on the MetaTrader 4 platform.
In addition, there are Islamic (swap-free) accounts that do not involve any interest/swap charges on overnight positions. Keep in mind however, that these account types involve commission fees (from $5 to $30 per standard lot, depending on the instrument).
There is no minimum initial deposit requirement set to open an account with FreshForex, yet the recommended sum to start trading on Classic account is 200$, on Market Pro account – 400$, on ECN account – 2000$.
Overall, we find FreshForex’s trading conditions attractive: no initial deposit required, high leverage levels offered and competitive spreads. The best spreads are available on ECN accounts (accessible with just $1 investment), where average trading costs amount to just 0.8 pips for the EUR/USD pair per standard lot. For further information and comparison, you may look up the real-time spreads of 15 leading brokers here.
The Company. Security of Funds
The broker reports its clients’ success rate on a monthly basis (profit-loss percentage)
Company
Country
Regulation
Riston Capital Ltd.
SVG
N/A
FreshForex is an offshore-regulated broker mostly active in Russia and Asia. It offers online trading in forex and contracts for difference (CFDs) on metals, stocks, indices, energy futures, and binary options, as well as analytical, educational, and training services.
FreshForex a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. registered as International Business Company (IBC) in St. Vincent and the Grenadines.
IBCs in SVG are not obliged to meet capital adequacy requirements, to keep client money in segregated accounts, nor to arrange a compensation scheme in the event of insolvency.
In other words, trading with offshore brokers is a risky business and we generally advise traders to avoid them. Nonetheless, FreshForex is in the business since 2004, has earned a good reputation and its trading conditions are really attractive. Besides, the broker is a member of Russia’s commission for the regulation of relations on financial market, KROUFR.
Trading Platforms
Like most brokers, this one also supports MetaTrader 4 (MT4), available as desktop and mobile versions.
Traders all over the world choose this online trading platform because of its functionalities and ease of use. With MT4 trading platform, you can easily trade on financial markets using a number of technical indicators, extensive back-testing options, advanced charting package, and wide range of Expert Advisors (EAs). Besides, In order to provide its clients with flawless operation of EAs, FreshForex offers VPS hosting for just $10 per month.
in September 2016, FreshForex launched trading via cloud-based messaging app Telegram, using its Easy bot software. The service, the first such in the forex market, enables a simplified mode of forex trading.
Promotion
FreshForex is a generous brokerage that offers a number of attractive promotions, including the Megarebate program with three different schemes, as well as 101% tradable bonus.
Methods of Payment
FreshForex offers its clients a wide range of payment methods to choose from: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets Neteller, OK PAY, FasaPay, Skrill, WebMoney, Wallet One and China UnionPay, WebPay, Qiwi and Bitcoin. FreshForex Mastercard is also available and no withdrawal commission fees apply.
At the time of writing the present review, average withdrawal time (over the last 30 applications) is 30 minutes.
FreshForex is an offshore Forex and CFD broker that offers attracting conditions for trading on the industry’s standard MT4 platform
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
FreshForex Review Conclusion
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