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FreshForex review
By
10 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
Multiple Trading Platforms: Fresh Forex offers traders the popular MetaTrader 4 and 5 platforms on desktop, web, and mobile devices.
Wide Range of Assets: Traders have access to a variety of assets, including forex, commodities, indices, and cryptocurrencies.
Competitive Spreads: Fresh Forex offers competitive spreads starting from as low as 0.1 pips for major forex pairs.
Flexible Leverage: Traders can access up to 1:2000 leverage, which provides an opportunity to magnify potential profits.
Cons
Limited Customer Support: Fresh Forex only offers customer support from Monday till Friday 24/5, which may be inconvenient for traders who have questions on weekends.
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No US and Canada Clients: Fresh Forex does not accept clients from the United States, limiting its reach to traders from these regions.
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Commission on CFD Trades: Fresh Forex charges a commission on CFD trades, which can increase trading costs.
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FreshForex lacks regulatory licenses, raising concerns about transparency and security for traders.
General details
+442070992124
Customer reviews
score
Read real reviews from traders all over the world:
Accounts
Type of Trading Accounts
- Unlimited Demo Accounts: Fresh Forex offers an unlimited demo account for traders who want to practice trading before investing real money. This is a great feature for beginners or traders who want to test new trading strategies without risking their capital. The demo account is available for all trading platforms offered by Fresh Forex, and it provides access to real market conditions with virtual funds.
- Standard Accounts: The standard trading account is the most common account type offered by Fresh Forex. It is suitable for traders of all levels and provides access to various trading instruments, including Forex, commodities, and indices. Standard accounts have competitive spreads, flexible leverage options, and no hidden fees. The minimum deposit required for a standard account is $10, making it accessible to traders with different budgets.
- ECN Accounts: For traders who want faster execution and lower spreads, Fresh Forex offers an ECN account. This account type uses electronic communication networks (ECNs) to connect traders directly to liquidity providers, eliminating the need for a middleman. As a result, ECN accounts have tighter spreads and lower trading costs compared to standard accounts. However, the minimum deposit required for an ECN account is higher at $200.
- Swap-Free Accounts: Fresh Forex also offers swap-free accounts for traders who follow Islamic finance principles. These accounts are designed to comply with Sharia law, which prohibits the payment or receipt of interest. Swap-free accounts do not incur rollover fees for positions held overnight, making them an attractive option for traders who want to avoid these fees.
- VIP Accounts: Fresh Forex offers VIP accounts with unique features and benefits for high-volume traders. These accounts have lower spreads, higher leverage, and personal account managers to provide tailored support. To qualify for a VIP account, traders must meet certain trading volume requirements, which the broker specifies. VIP accounts are an excellent option for experienced traders who want to take their trading to the next level.
Tradable instruments
Tradable instruments on FreshForex trading platforms include 270+ assets:
Frequently asked questions
Find the right answer to your question below.
The Fresh Forex customer support team is available 24/5 to assist clients with any inquiries or issues they may have. You can contact them during business hours from Monday to Friday via telephone, email, or live chat.
Additionally, the Fresh Forex website has an extensive FAQ section that provides answers to commonly asked questions, which may be helpful before contacting customer support.
To open a trading account with Fresh Forex, follow these simple steps:
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Visit the Fresh Forex website and click on the “Register” button.
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Fill out the registration form with your personal information.
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Verify your email address and phone number.
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Choose the account type that best suits your trading needs.
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Provide the necessary documentation to verify your identity.
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Make your first deposit and start trading.
Fresh Forex does not support clients from the United States and Canada. This is due to regulatory restrictions and requirements in those countries. Fresh Forex is committed to complying with all applicable laws and regulations in the jurisdictions in which it operates. As such, it is not able to provide services to clients in the United States and Canada at this time.
FreshForex compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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3.3/ 5
-
3.8/ 5
- $10
- 1:2000
-
4/ 5
- $0
- $0
-
1/ 5
- No
-
No
-
See review
-
3.9/ 5
-
4/ 5
- N/A
- N/A
-
4.1/ 5
- N/A
- N/A
-
3.7/ 5
- CYSEC, FSC
-
No
-
See review
-
4.5/ 5
-
4.5/ 5
- $5
- 1:1000
-
4.5/ 5
- $0
- $0
-
4.5/ 5
- No
-
No
-
See review
-
4/ 5
-
3.6/ 5
- 20$
- 1:400
-
4.7/ 5
- N/A
- N/A
-
4.5/ 5
- FCA
-
No
-
See review
-
4.9/ 5
-
5/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.9/ 5
- No
-
Yes
-
See review
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