FreshForex offers several main trading accounts: The Classic account, the Market Pro account, the ECN account, and a Swap Free or Islamic account. There are no minimum deposits stipulated for any of FreshForex’s accounts
Freshforex at a Glance
| 🔎 Broker's Name | FreshForex |
| 📍 Headquartered | Saint Vincent and the Grenadines. |
| 📅 Year Founded | 2004 |
| ⚖️ Regulating Authorities | No reputable license |
| 🌐 Countries not accepted for trade | United States, Spain, the UK, and North Korea |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 2000 |
| 💰 Minimum Deposit | $10 / R170 ZAR |
| 💳 Deposit Options | - Cards: Visa/Mastercard, P2P cards, and others. - Crypto: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Tether TRC20, Zcash, USD Coin, Tether ERC20, and others. - E-wallets: PerfectMoney, AdvCash, WebMoney, and others. - National systems: M-Pesa, EazzyPay, Airtel Money, Tigo Pesa, OnlineNaira, Banks of Malaysia, Banks of Indonesia, Banks of Vietnam, Banks of the Philippines, Banks of Thailand, Banks of Nigeria, and more! - Local depositors — all over the world! |
| 💳 Withdrawal Options | - Cards: Visa/Mastercard, P2P cards, and others. - Crypto: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Tether TRC20, Zcash, USD Coin, Tether ERC20, and others. - E-wallets: PerfectMoney, AdvCash, WebMoney, and others. - National systems: M-Pesa, EazzyPay, Airtel Money, Tigo Pesa, OnlineNaira, Banks of Malaysia, Banks of Indonesia, Banks of Vietnam, Banks of the Philippines, Banks of Thailand, Banks of Nigeria, and more! - Local depositors — all over the world! |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | 270+ instruments: Indices (NASDAQ 100, DAX30, S&P500, and more) BTCUSD, ETHUSD, BNBUSD, and 70+ cryptocurrencies Precious metals, oil, and gas (over 15 contracts) 50+ FX instruments 115+ corporate stocks, ETF |
| 👨💼 Languages supported on Website | Russian, Portuguese, Vietnamese, Indonesian, Thai, Kazakh, Ukranian, Uzbek, Azerbaijani, Tajik, Spanish, English, German, Chinese, Arabic, Italian. |
| 👥 Customer Support Languages | Russian, English |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Open Account |
Min Deposit
USD 10
Regulators
Not Regulated
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your short section of our Freshforex Account Types below.
Freshforex Account types – 12 key points quick overview:
Freshforex at a Glance- Freshforex Account types – 12 key points quick overview:
- Freshforex Overview
- Freshforex Account Types
- Freshforex Account Features
- Freshforex Islamic Account
- Freshforex Demo Account
- Freshforex Islamic Account
- Freshforex Customer Reviews
- Freshforex Pros and Cons
- Conclusion
- Frequently Asked Questions
Forex broker services are also provided for institutional clients and large companies such as investment banks.
Freshforex Overview
FreshForex is a Russian forex broker company that provides traders with access to platforms that allow them to buy and sell foreign currencies. Forex brokers use this broker to gain access to the 24-hour currency market for speculation purposes.
Forex broker services are also provided for institutional clients and large companies such as investment banks.
FreshForex was founded in 2004 and is now headquartered in Kingstown in St. Vincent and the Grenadines. FreshForex is owned by Ristal Capital, a reputable company that has been active in the financial services world for many years.
FreshForex mainly offers its services to Russian and Asian residents but gained considerable influence on the forex scene in the whole European Union and even the world.
FreshForex claims to have been voted into the top-ten list of the best brokers operating in the Russian Federation twice and was recognized as the best broker in Asia where they were awarded for excellent trading conditions, partner programs, and support services.
FreshForex is reflected to be equally suitable for both beginners and more advanced traders in the business.
In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation and FreshForex mentions several awards on its website, including the following:
Opening of the year – IAFT Awards 2012
Best affiliate program – Russian Affiliate Congress & Expo 2012
Top 10 brokers – Interfax 2014
Best Asian broker – Shanghai Forex Expo 2015
Top 10 brokers – Interfax 2015
Best ECN broker – KROUFR 2015
Dynamic Development – IAFT Awards 2015
Best client support – MasterForex-V 2015
Best Trading Experience – Fxdailyinfo 2016
Min Deposit
USD 10
Regulators
Not Regulated
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Freshforex Account Types
FreshForex offers several main trading accounts: The Classic account, the Market Pro account, the ECN account, and a Swap Free or Islamic account.
Freshforex Account Features
There are no minimum deposits stipulated for any of FreshForex’s accounts, but the broker does recommend certain amounts on its website. A demo account is available and can be set up with any of the three trading accounts listed below:
FreshForex Classic account
This account is the best option for those starting out with Forex trading since it offers more than 130 tools, leverage up to 1:1000, and a minimum order of 0.01 lots. The account uses fixed spreads for currency instruments.
Freshforex Market Pro account
This account is good for active traders and scalpers. It uses floating spreads from 0.9, precise quoting of 5/3 digits, and execution from 0,1 sec. Stop Loss and Take Profit orders can be set only after opening positions.
On both the Classic and Market Pro accounts orders are executed under the market execution mode.
Freshforex ECN account
The ECN Account offers professional trading on an advanced level, as well as an inside trading spread, high liquidity, and prompt switches to interbank when needed.
Freshforex Islamic Account
FreshForex does offer traders who follow the Sharia law the option of an Islamic Account. This account type can be set up by Muslim traders practicing Shariah law on any of the accounts: Classic, Market Pro, and ECN accounts, with a fixed commission of $5 per lot.
In this case, an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, while with some other brokers it is a standalone account with a separate application procedure.
Freshforex Demo Account
FreshForex offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
Traders who want to evaluate and compare brokers would like to explore FreshForex’s trading conditions in a risk-free environment.
Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
Freshforex Islamic Account
The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
Min Deposit
USD 10
Regulators
Not Regulated
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Freshforex Customer Reviews
I thought it was useful when they…
I thought it was useful when they already provided the advertising materials and all we had to do was upload them on our websites.
They provide fantastic partnership…
They provide fantastic partnership conditions, good compensation from each enticed client, and excellent assistance.
This firm has never treated me…
This firm has never treated me unfairly. The withdrawals went well, the spread never widened, and the customer service was quite helpful during my transaction… So far, I’ve had no issues with this firm.
A fantastic collaboration scheme with…
A fantastic collaboration scheme with numerous advantages. Because there are no targets with this application, you can work whenever and wherever you like.
Freshforex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Bonuses and promotions are offered | Limited product list |
| Copy trading is available | Not regulated by reputable authority |
| Islamic accounts available | Offshore broker |
| Mobile app makes trading easily available | Unclear website |
| MT4 and MT5 trading platforms provided |
Conclusion
FreshForex offers several main trading accounts: The Classic account, the Market Pro account, the ECN account, and a Swap Free or Islamic account. There are no minimum deposits stipulated for any of FreshForex’s accounts
You might also like: Freshforex Review
You might also like: Freshforex Demo Account – Step by Step
You might also like: Freshforex Fees and Spreads
You might also like: Freshforex Islamic Account Overview
You might also like: Freshforex Minimum Deposit
You might also like: Freshforex Sign up Bonus
Frequently Asked Questions
Does FreshForex offer leverage?
Yes, FreshForex offers maximum leverage of up to 1: 2000.
Does FreshForex allow deposits in ZAR?
Yes, Freshforex does allow ZAR deposits which include no commissions, with a minimum deposit of ZAR150 and a maximum deposit amount of ZAR100 000. Popular banks that are available include ABSA, NEDBANK, FNB, and INTERNATIONAL BANK.
How many instruments can I trade with FreshForex?
You can trade several different instruments with FreshForex, which include the following:
- Currencies: (50+)
- Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
- CFD: (80+) Gold, Silver, Other Precious Metals, Stocks, Oil, Other Commodities
Are there any apps available for a FreshForex trading account?
- MetaTrader4
- MetaTrader5
Does FreshForex allow hedging and scalping?
Yes, Freshforex allows hedging and scalping
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