FreshForex Review

Fresh Forex is a well-known online forex broker that has been operating in the financial markets since 2004. 

The company provides forex trading services to clients worldwide and is highly rated in the industry. Fresh Forex has gained a reputation for being a reliable and trustworthy broker that offers a wide range of trading instruments and a variety of trading platforms. 

This Fresh Forex review will provide an overview of the broker's services, including account types, trading platforms, and other vital features.

Supported Countries

Fresh Forex supports clients from over 158 countries, including Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina.

Restricted countries include Belgium, China, North Korea, France, Hong Kong, Spain, Great Britain, the USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT.

Fresh Forex also supports multiple languages, including English, Russian, Chinese, Spanish, French, Portuguese, Arabic, Malay, Indonesian, Thai, Vietnamese, and Urdu. 

Customer Service Rating

Fresh Forex, an online forex broker, has received a 3.2/5 star rating based on 33 customer reviews on Trustpilot. Some negative reviews highlight issues with slow withdrawal processing times and poor customer support. 

However, Fresh Forex has taken steps to address these concerns by improving its customer service response times and increasing transparency in its withdrawal processes. They have also introduced new features such as a free VPS service and a loyalty program to reward their loyal customers. 

Fresh Forex's dedication to improving its customer service shows that they are committed to providing a better trading experience for its users. With their ongoing efforts to enhance their platform and services, they aim to regain the trust of their customers and improve their overall rating.

Fresh Forex Trading Platforms

• MetaTrader 4: Fresh Forex offers the widely popular MetaTrader 4 platform that is well known for its reliability, fast execution, and comprehensive charting package. Traders can use this platform on their desktop or laptop computers and access it on mobile devices using the MetaTrader 4 mobile app.

• MetaTrader 5: This platform is an advanced version of MetaTrader 4 and offers additional features such as a depth of market tool, more order types, and a more significant number of timeframes. It is available on both desktop and mobile devices.

• Mobile Trading: Fresh Forex has mobile apps for both MetaTrader 4 and MetaTrader 5 that allow traders to access their accounts, place trades, and monitor the markets on the go. The apps are available for iOS and Android devices and are free to download.

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.

Trading Denominations

Fresh Forex offers trading denominations in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, CAD, and NZD. 

Company Structure

Fresh Forex is a forex broker that provides traders with a range of trading services. The company was established in 2004 and has since been operating in the forex market. 

The broker is operated by Riston Capital Limited, registered in St. Vincent and the Grenadines. Fresh Forex is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines. The broker is known for offering traders low spreads, fast execution speeds, and various trading instruments.

Fresh Forex has a team of experienced professionals who are dedicated to providing traders with the best possible trading experience. The broker has over 150 employees working in different departments, such as customer support, finance, compliance, and trading. 

The company's management team comprises experienced professionals who have years of experience in the forex market. The company's management team is committed to providing traders with the best possible trading services and ensuring that the company complies with all regulatory requirements.

Fresh Forex's strong corporate culture focuses on transparency, honesty, and integrity. The company believes in providing traders with a fair and transparent trading environment. The broker has established itself as a reputable forex broker over the years, and its commitment to providing traders with quality services has earned it a good reputation in the forex market.

Fresh Forex Licenses and Regulatory Compliance

• The Financial Services Authority (FSA) of Seychelles - license number SD006

• The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) - license number 0274

• The Financial Commission (FinaCom) - membership number 2289

• The Financial Market Relations Regulation Center (FMRRC) - certificate of compliance number TSRF RU 0395 AA V0120

Fresh Forex Customer Protection

• Segregated Accounts: Fresh Forex keeps its clients' funds separate from the company's operational funds. This means that clients' funds are unaffected if the company faces financial difficulties.

• SSL Encryption: Fresh Forex uses SSL encryption to protect the confidentiality and security of its client's personal and financial information.

• Risk Management Tools: Fresh Forex offers several risk management tools, including stopping loss and taking profit orders, which allow clients to manage their trading risk and protect their capital.

• Account Verification: Fresh Forex requires all clients to undergo a thorough account verification process to ensure all accounts are legitimate and prevent fraudulent activities.

• Secure Payment Methods: Fresh Forex uses secure payment methods to ensure that all transactions are safe and secure.

• Data Protection: Fresh Forex has implemented advanced data protection measures to ensure that all client data is kept safe and confidential.

Trading Information

Fresh Forex Broker offers its clients diverse financial instruments, including stocks, indices, commodities, stock CFDs, forex pairs, and cryptocurrencies. The availability of these products is subject to the trader's country of residence, trading account, and regulatory requirements. 

This ensures that clients are offered only the products that are legally permitted in their region while adhering to regulatory guidelines. Fresh Forex caters to traders of all levels and offers flexible trading conditions to suit individual needs.

For forex trading, the minimum trading lots is 0.01 lots or 1,000 units. The minimum for gold is 0.1 lots or 10 ounces, while for silver, it is 1 lot or 5000 ounces. 

The minimum varies depending on the specific instrument for other commodities, such as oil and gas. For indices, the minimum is 1 lot. It's important to note that trading lots may vary depending on the account type and platform used. 

Tradable Instruments

• Forex pairs: over 50 major, minor, and exotic currency pairs

• Metals: gold, silver, platinum, and palladium

• Energies: crude oil and natural gas

• Indices: over 10 major global stock indices, including S&P 500 and NASDAQ 100

• Stocks: over 70 major US and European stocks, including Apple and Amazon

• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more

• Futures: agricultural and financial futures contracts, including corn and the S&P 500 E-mini

• Options: call and put options on selected currency pairs and commodities

• ETFs: exchange-traded funds that track various indices, sectors, and asset classes.

Leverage on Fresh Forex

Fresh Forex offers leverage ranging from 1:25 to 1:2000 depending on the account type and the trading instrument. The leverage for forex pairs is up to 1:2000, while for stocks and indices, it ranges from 1:5 to 1:20. Commodities and energies leverage is up to 1:100. 

In contrast, for cryptocurrencies, it ranges from 1:5 to 1:10. It's important to note that while leverage can amplify profits, it can also magnify losses, and therefore traders must exercise caution when using high leverage ratios. 

Fresh Forex also offers negative balance protection, ensuring traders cannot lose more than their account balance.

Deposits and Withdrawals

Deposit

Fresh Forex offers various deposits to cater to the needs of its clients. Fresh Forex's minimum deposit for most accounts is $0, which is quite reasonable compared to other brokers in the industry. The fresh Forex welcome bonus for new users is 5000%. Below is a table summarizing the deposit methods, processing time, and fees:

Withdrawal

Fresh Forex aims to process requests within 10 minutes during business hours for withdrawals. 

The broker also allows clients to withdraw funds using the same deposit method. Below is a table summarizing the withdrawal methods, processing time, and fees:

It is important to note that some banks may charge fees for wire transfers, which are the client's responsibility. Also, the processing time for withdrawals may take longer than expected, depending on the method used and the client's location. Fresh Forex strives to make the deposit and withdrawal process seamless and efficient for its clients.

Fresh Forex Trading Education and Training

Here are 5 ways Fresh Forex provides trading education and training:

• Webinars: Fresh Forex regularly hosts webinars on various topics such as technical analysis, fundamental analysis, and risk management. These webinars are free to attend and are conducted by market experts who share their knowledge and experience with traders.

• Educational Videos: Fresh Forex has a collection of educational videos on its website, covering topics such as trading strategies, market analysis, and trading psychology. These videos are a great resource for traders who want to improve their skills and knowledge.

• Trading Guides: Fresh Forex provides a range of trading guides that cover various topics related to forex trading. These guides are designed to help traders learn the basics of trading and advanced trading strategies.

• Demo Accounts: Fresh Forex offers unlimited demo accounts that traders can use to practice their trading skills and test their strategies. These accounts are free and allow traders to trade in a risk-free environment using virtual funds.

• Personal Coaching: Fresh Forex offers personalized coaching to traders who want to take their trading to the next level. The coaching is provided by market experts who work one-on-one with traders to help them improve their trading skills and develop a profitable trading strategy.

FAQs

• When can I contact the Fresh Forex customer support team?

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.

• How can I open a Fresh Forex trading account?

To open a trading account with Fresh Forex, follow these simple steps:

• Visit the Fresh Forex website and click on the "Register" button.

• Fill out the registration form with your personal information.

• Verify your email address and phone number.

• Choose the account type that best suits your trading needs.

• Provide the necessary documentation to verify your identity.

• Make your first deposit and start trading.

• Does Fresh Forex Support US and Canadian Clients?

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.

Conclusion

Fresh Forex is a reputable online broker that offers a wide range of tradable instruments, competitive leverage, and multiple account types suitable for traders of different experience levels. The broker's commitment to regulatory compliance and customer protection, as evidenced by its licenses from respected authorities, ensures that clients can trade with confidence.

In addition, Fresh Forex offers robust customer support, educational resources, and user-friendly deposit and withdrawal options, making it an attractive choice for traders looking for a reliable and transparent broker.

Fresh Forex has something to offer whether you are a beginner or an experienced trader. From unlimited demo accounts to VIP accounts, traders can access a range of account types with different features and benefits. 

For more top brokers, make sure to check out our Colmex Pro review.