Rating Index

Pros

Offers high leverage options up to 1:1000, appealing to various trading strategies.

Provides access to popular trading platforms, MT4 and MT5, which offer robust features for traders.

Low minimum deposit requirement of $20 allows beginners to start trading with minimal risk.

Cons

Lacks regulation, which may raise concerns about the safety of client funds and overall trustworthiness.

Fixed spreads starting at 2 pips are relatively high compared to many other brokers, increasing trading costs.

No customer support options are available, making it difficult for clients to seek assistance or resolve issues.

FRESHCENT broker Accounts

Freshcent Account Type

Freshcent, operated by Riston Capital Ltd., primarily offers a single type of trading account known as the "Cent Account." This account type is designed for traders who prefer to trade in cents rather than dollars, making it more accessible for those who want to minimize their risk. Key features of the Cent Account include:

Minimum Deposit: A recommended initial investment of $20, allowing traders to start with a small amount of capital.
Leverage: Offers high leverage options ranging from 1:25 to 1:1000, which can cater to various trading strategies, although it poses significant risk.
Trading Platforms: Compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are well-regarded for their comprehensive trading tools and features.
Trade Sizes: Minimum order size starts at 0.01 lots (10 of basic currency units), with no specified maximum order volume.
Spreads: Fixed spreads starting from 2 pips on major currency pairs, which may be considered high compared to other brokers.

Freshcent Broker Account Opening Process

To open an account with Freshcent, follow these steps:

Registration: Visit the Freshcent website and complete the registration form by providing your personal information, including your name, email address, and phone number.
Verification: After registration, you may need to verify your identity by submitting proof of address and a photo ID.
Fund Your Account: Deposit funds into your account using one of the multiple available deposit methods. Freshcent does not charge deposit fees.
Download Trading Platform: Download either the MT4 or MT5 trading platform to start trading.
Start Trading: Once your account is funded and the platform is set up, you can begin trading with real money.

For more details, visit the official Freshcent website: Freshcent