Overall FreshForex is a trustworthy and low-risk broker with a high overall rating of 7 out of 10. FreshForex is authorized and regulated by FSA and offers leverage up to 1: 2000.
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
Freshforex Review – 21 key points quick overview:
Freshforex Overview
According to research in South Africa, FreshForex was founded in 2004 and is headquartered in St. Vincent and the Grenadines.
FreshForex is owned by Ristal Capital, a reputable and well-known company that has been active in the financial services world for many years.
FreshForex is a international forex broker with significant influence on the forex scene in the country but also became popular among the whole European Union and even the world. FreshForex mainly concentrates on offering its services to Russian and Asian residents.
FreshForex claims to have reached the top-ten list of the best brokers operating on the territory of the Russian Federation.
The company was recognized as the best broker in Asia where they were awarded for excellent trading conditions, partner programs, and support services.
FreshForex is considered equally suitable for both beginners in the business and more advanced traders, who need more options and features to choose from.
Freshforex Safety or Security
One of the best means of determining the safety of a broker like FreshForex is to establish which regulating authorities are watchdogs over its actions.
FreshForex advertises itself on its official website as having been active in the foreign exchange market since 2004 and claims performance with one of the best trading conditions on the market.
Since FreshForex is the trading name of the Riston Capital Limited Company incorporated in the offshore hub of St. Vincent and the Grenadines, there may be a risk attached to dealing with the company.
This is due to the fact that the company operates without any regulation or licenses from the more known watchdogs in the Forex industry.
Trading with the company may pose unnecessary risks due to the availability of higher leverage levels, the non-regulated money management of the clients, as well as a lack of operational standardization.
Freshforex Sign-up Bonus
FreshForex advertises a tradable bonus as support at the time of draw-down for deposits of $101 or larger. For that amount the broker promises a huge 101%bonus.
The 101% of the deposit amount is for account funding after promotion activation when the deposit amount exceeds $101.
Many offshore brokers offer seemingly attractive bonuses like this, the terms, and conditions of which can be challenging and maybe too good to be true.
Brokers usually offer this kind of bonus to new traders in an effort to draw more customers and encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit made.
Even if a trader does not receive any deposit bonus, or any other bonuses or rewards, trading conditions are still attractive enough to encourage traders to register a real account.
Freshforex Minimum Deposit
FreshForex has no minimum deposit requirement but recommends a deposit of at least $ 10.
This minimum deposit amount was equivalent to ZAR 157,93 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
FreshForex’s authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
A step-by-step guide to Freshforex depositing the minimum amount
Deposits can be made with FreshForex using the following steps:
Step 1 – Log in
Traders log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available
Step 2 –Make the deposit
Traders can fund their accounts by sending the funds to one of the FreshForex segregated clients’ accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and approved.
Step 3 – Review your transaction
Funds must be transferred in the same currency as the bank account to which they are sending them, to prevent currency conversion fees from being charged.
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.
How to set up a Freshforex Demo Account – Step by Step
To register for and set up a demo account with FreshForex, traders must visit the website and follow the simple steps.
Step 1 – Open Your Account
Fill in your personal data. Mandatory information will include your mobile number, your first and last name, and your email address.
Step 2 – Fill out the form
Ensure that you have your email address and ID ready
Select the country of residence and your currency, if applicable
Choose that you want to try a demo account
Provide basic personal information requested
Proceed through the KYC process if needed and get approved
Step 3: Select the account
Select the type of account for which you would like to open a practice account version, the trading platform, deposit currency, selected leverage, and deposit size (this will be generated in virtual currency).
A confirmation code will be sent to your email. Enter the confirmation code and this will activate your free demo account.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what FreshForex has to offer.
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 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 Trading platforms
The forex trading platform is in essence the software provided by FreshForex to its clients to carry out their trades.
A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.
The decision about which platform to choose will always depend on what a client would like to trade.
FreshForex offers:
Trading Platform MetaTrader4 for PC and Mac OS, and mobile for Android and IOS
Trading Platform MetaTrader 5for PC and Mac OS, and mobile for Android and IOS
WEB Terminal
VPS-server – VPS FOR МETAТRADER 4/5 BY “FRESHFOREX”
MT 4 provides the best Forex software and works with Forex, Futures, and CFD instruments:
Confidentiality of all transactions
Unlimited number of charts
Wide variety of technical indicators and graphic instruments
Experts, custom indicators, and scripts
Multilingual interface
Metatrader5 has the same advantages and more.
By using the VPS server of FreshForex traders can enjoy trouble-free trading with Expert Advisors from around the world.
Virtual dedicated server hosting will make your work with automated trading systems smoother and more efficient and the FreshForex Easy bot will provide you with essential information for a quick trade so that you do not need charts and complicated analysis.
Freshforex Fees and Spreads
FreshForex’s spreads are fixed and start from 2 pips on EUR/USD.
Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with FreshForex are as follows:
Spreads at FreshForex are fixed with the Classic account at 2 pips for the EUR/USD and 3 pips for the GBP/USD.
Spreads are floating with the Market Pro account, starting at 1.3 pips for the EUR/USD.
The commission is charged with the ECN account, starting from 0.0030% for forex.
Other charges include overnight swap fees which are tripled from Wednesday to Thursday.
Freshforex Deposit and withdrawal
There are no minimum deposits stipulated for any of FreshForex’s accounts, but the broker does recommend certain amounts on its website.
There are more than 20 methods of deposit and withdrawal and no fees for deposit are charged by the broker, including:
– 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!
Trader can choose their method of deposit and withdrawal from the popular payment instruments and look forward to the swift, safe, and transparent financial transactions.
FreshForex promises that funding is credited to the account instantly and withdrawal applications are completed within mere minutes.
In certain circumstances, the time of account funding will depend on the client’s bank rather than determined by FreshForex itself.
Commission for fund transfer and timing of transactions are set by payment systems and exchange services and FreshForex is not responsible for the size of commissions and delay of these financial transactions.
Freshforex Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇France | 25.91% |
| 🥈Pakistan | 10.46% |
| 🥉South Africa | 8.25% |
| 🥈Bangladesh | 7.85% |
| 🥇USA | 7.08% |
Freshforex vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇FreshForex | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $10 USD | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1: 2000 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Freshforex Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Freshforex” is entered into Google’s search engine over a given period of time.
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 Pro and cons
| ✔️ Pros | ❌ Cons |
| Choice of platforms available | Missing Information on Website |
| A host of bonuses offered | No regulation by world renowned entities |
| Demo and swap Accounts |
Conclusion
Overall, FreshForex can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. FreshForex offers traders the MetaTrader suite of platforms as well as a basic web and mobile app.FreshForex is considered equally suitable for both beginners in the business and more advanced traders
You might also like: Freshforex Account Types Overview
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
Disclaimer
FreshForex warns all potential customers that Forex and CFD trading always carries a high level of risk and may not be suitable for all investors.
Before deciding to trade the products offered by FreshForex, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
FreshForex warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence FreshForex cannot guarantee a maximum loss, according to research in South Africa.
Risk Management
FreshForex is a retail forex broker that offers online trading services in various financial markets including forex, commodities, and indices. In terms of risk management, FreshForex offers various tools and services to help traders manage their risk, such as margin call and stop-out levels, negative balance protection, and flexible leverage options.
Additionally, FreshForex provides educational resources and trading analysis to help traders make informed decisions and minimize their risk exposure.
Frequently Asked Questions
Is FreshForex Broker a fake or a scam?
No, FreshForex is a reliable Forex broker providing a standard set of trading tools. The company is a good option for traders of all levels.
Which trading platforms are supported by FreshForex Broker?
Trade effectively with the most powerful and reliable platforms MetaTrader 4 and MetaTrader 5.
What is the overall rating for FreshForex Broker out of 10?
The overall rating for FreshForex is 7/10
What instruments can be traded with FreshForex Broker?
More than 270 instruments for trading: promising cryptocurrencies, shares, indexes, and metals.
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