FreshForex Review

MIN. DEPOSIT $200 (Classic); $400 (Market Pro); $2,000 (ECN)
Up to 1,000:1
Up to 101% BONUS
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FreshForex
Up to 101%
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Overview

Company Information   Fresh Forex is another Russian forex broker. The company originates back in 2004 when it officially receives a license to operate in the forex market. The business… more

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Details

BrokerFreshForex
Website URLhttps://freshforex.com/
Founded2004
HeadquartersSt. Vincent and the Grenadines
Support Number+442070992124
Support Emailinfo@freshforex.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Russian, Chinese, Indonesian, Arabic
Minimum 1st Deposit$200 (Classic); $400 (Market Pro); $2,000 (ECN)
Minimum Trade Amount0.01 lots
Maximum Trade Amount20 lots (Classsic); 100 lots (Market Pro); 10,000 lots (ECN)
BonusUp to 101%
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
RegulationRiston Capital Limited
Account TypesClassic, Market Pro, ECN, Swap Free, VIP
Deposit MethodsFreshForex Mastercard, Visa, Mastercard, China UnionPay, Neteller, Wallet One, Webmoney, Skrill, Fasapay, Cash Point, Bank Wire, OKPAY
Withdrawal MethodsFreshForex Mastercard, Visa, Mastercard, China UnionPay, Neteller, Wallet One, Webmoney, Skrill, Fasapay, Cash Point, Bank Wire, OKPAY
Types of AssetsForex, CFDs
Account CurrencyUSD, RUB, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

 

Fresh Forex is another Russian forex broker. The company originates back in 2004 when it officially receives a license to operate in the forex market. The business is established by the Russian company Riston Capital LTD. A good coincidence is that the license arrives right after the broker launches the official website. Such good timing, especially back in the day when forex was still taking baby steps, was a crucial part of Fresh Forex’s success nowadays. Later on, the broker gets regulated by the Centre for Regulation of OTC Financial Instruments and Technologies in Russia. Fresh Forex accepts any accounts, except for people from Estonia, Iraq, North Korea, Latvia, the United Kingdom and the United States of America. A rare thing these days is the availability of Islamic accounts. The regulations of such accounts are very strict, so the broker has to go the extra mile to ensure everything goes smoothly with the trades. Fresh Forex has very high scores on most review websites, which speaks volumes about the quality and safety of the service it offers.

The FreshForex website is looking fresh right now. The white, light gray and green colors give the pages a distinctive, safe feel. Blue is professional, green is soothing. It’s a Fresh change from all the dark-blue forex broker websites. The design is smooth and overall flat. All the menus and buttons are in their right places. You can also see some news, market moves of currency pairs and education opportunities without even clicking on anything. Aside from education, you can browse CleverFX, the forex encyclopedia and read some great written articles by experienced traders about the facts of currency trading. Customers can also make use of Huckster, where they can shop for the best-performing trading advisors, indicators, and scripts.

 

Trading Information

 

Trading with FreshForex is a breeze. The broker also offers most instruments you can find, like currency pairs, CFDs, commodities, metals, stocks, oil, gold, indices and other futures. The best thing about the accounts is that the minimum deposit floor is very small – set to $25. This amount of money is acceptable for every aspiring trader. And if you don’t want to commit to this broker right away? Open a demo account and test the system for yourself. The maximum leverage with FreshForex goes up to 1:1000. There are no commissions, and the spreads are variable. Segregated accounts and institutional accounts are not allowed as of now. As said above, Arabic countries can open Islamic accounts, but US and UK clients are not permitted to trade with FreshForex since the regulations are very different from the European ones.

 

Trading Platforms

 

FreshForex only offers the leading MetaTrader 4 trading platform. This is not necessarily a bad thing since this platform is the most widely used in the world as of now. Customers can make use of nine timeframes, an unlimited number of charts, a wide variety of indicators and graphic instruments, custom scripts and expert advisors, real-time data export and many, many more options. MT4 is highly customizable as well and allows automated trading, scalping, hedging, mobile alerts, market analysis, trailing stops, one-click execution and interest on margin. Another great thing about this platform is that it is available for any desktop and mobile device out there. Whatever you cannot do by yourself, the MT4 documentation and countless user forums will help you get into it.

 

Security and Customer Service

 

The numerous legislations and regulations like CRFIN mean that FreshForex offers a level field to all traders and secures payouts at any cost. On the tech side, the website uses an encrypted connection by COMODO – 128-bit SSL. This means any information you send over the internet to this site is safe from outside eyes.

The customer service is available five days per week, 24 hours per day. The representatives are very well trained and are always happy to assist you with your questions and requests. You can contact the help desk by phone, e-mail, live chat, or a contact form. Overall, the service is excellent and covers some languages.

 

Deposits and Withdraws

 

All the popular deposit and withdrawal methods are supported by FreshForex. You will be able to make proper use of credit cards like Visa, Mastercard and China UnionPay. E-wallets like Neteller, Skrill, and Webmoney, are also available. The last means of depositing funds are from a cash point or bank wire. All methods, bank wire, excluded, place funds into your account instantly. Withdrawing money is done the same way in USD, EUR, RUB, UAH or CNY. E-wallets confirm withdrawals within 10 minutes on working days, while other methods may take from 24 hours to 2-6 business days. Still, the time frames are very small, compared to some other forex brokers out there.

 

Deposit Bonus and Loyalty Programs

 

FreshForex currently offers a broad range of bonus offers for customers of all kind. The Fresh Rebate 50% gives you a high forex rebate on the spread. The offer is $5 per good trade lot or $10 per a losing lot. The 36% Per Annum offer is only available before June 1, 2016. It gives varying interest rates on your forex deposits. You can see more details on the website. If you change your broker and come to FreshForex, you will receive a 50% bonus to your deposit, up to 5000 USD. Another similar offer gives customers a 35% extra to their deposits, again up to $5000. The last promotion is the double deposit. It has some tricky terms and conditions, so read well before you agree!

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