FreshForex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://myfreshforex.com/en/create/, about the company's legal and temporary regulatory information, the company's address St. Vincent and the Grenadines Kingstown, Beachmont P.O. Box 1510, Suite 305 Griffith Corporate Centre.
FreshForex Forex Broker
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
FreshForex Information
FreshForex, an online brokerage platform, offers a wide range of trading instruments. They provide their clients with the popular MT4 and MT5, known for their advanced features and user-friendly interface.
However, it is important to note that FreshForex currently operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
Pros & Cons
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Is FreshForex Legit?
FreshForex is currently operating without proper regulation, indicating a lack of oversight from government or financial authorities. This lack of regulation brings about risks when considering investing with them.
Therefore, it is recommended to conduct comprehensive research and carefully evaluate the potential risks and rewards before deciding to invest. It is generally advisable to choose regulated brokers to ensure the safety and protection of your funds.
Market Instruments
FreshForex offers 270+ trading insruments, including forex and CFDs.
Leverage
FreshForex provides flexible leverage ranging from 1:25 to 1:2000, which can be attractive to traders seeking higher returns with a smaller initial investment.
However, it is important to understand that while high leverage can lead to significant profits, it also comes with increased risks. The higher the leverage, the greater the potential for both gains and losses. Traders is supposed to be aware that losses can also be magnified, and even a small unfavorable price movement can result in a substantial loss.
Trading Platforms
FreshForex offers its clients the popular MT4 and MT5. These platforms are widely recognized in the industry for their advanced features, user-friendly interface, and extensive trading capabilities.
- MetaTrader 4 (MT4):
MT4 is a well-known and widely used trading platform, offering a comprehensive set of tools for traders of all levels. It provides a range of features such as real-time price quotes and various order types for efficient trade execution.
- MetaTrader 5 (MT5):
MT5 is the successor to MT4 and offers even more advanced features and capabilities. In addition to everything available in MT4, MT5 provides access to additional markets, including stocks and futures. It offers a more extensive selection of technical indicators and charting tools for in-depth analysis. Like MT4, MT5 allows for the creation and use of EAs, offering the flexibility to automate trading strategies.
Deposit & Withdrawal
Deposit
| Deposit Method | Min Deposit | Deposit Fee | Deposit Time |
| Cryptocurrencies | |||
| Bitcoin | 0.0005 BTC | ❌ | Min. 3 confirmations |
| Bitcoin Cash | 0.07 BCH | ||
| Litecoin | 0.4 LTC | ||
| Tether ERC20 | 30 USDT | Depends on the blockchain network | |
| Tether USDT (TRC20) | 25 USDT | ||
| Binance Coin | 0.045 BNB | ||
| Ethereum | 0.01 ETH | ||
| Ripple | 50 XRP | ||
| Stellar | 30 XLM | ||
| USDC | 25 USD | ||
| E Payments | |||
| Sticpay | 2 100 INR, 390 000 IDR, 1 500 PHP, 900 THB, 630 000 VND, 25 USD/EUR | ❌ | Instant |
| Webmoney | 150 USD | 30% | |
| Volet | 25 USD/EUR | ❌ | |
| OnlineNaira NGN | 44 000 NGN | ||
| OnlineNaira USD | 25 USD | ||
| E-wallets of the Phillipines | 2 500 PHB | ||
| ฝากด่วนออนไลน์ | 900 THB | ||
| Gửi Tiền Nhanh | 630 000 VND | ||
| My direct | 110 MYR | ||
| Transfer Kilat | 390 000 IDR | ||
| Express Payment | 1 500 PHP | ||
| Kuchinga: App, Ozow, Snapscan, Cards, Voucher | 450 ZAR | ||
| Kuchinga: APP, Instant Bank, Cards, Voucher | 44 000 NGN | Up to 24 hours | |
| Bank cards | |||
| Mastercard | 50 USD/EUR | ❌ | Instant |
| Bank cards (GP) | 25 USD/ 2 100 INR | Up to 24 hours | |
| Visa/MasterCard NGN | 44 000 NGN | Instant | |
| Visa/Mastercard | 25 EUR | ||
| Mobile payments | |||
| M-Pesa | 3 500 KES | ❌ | 1 day |
| Internet banking | |||
| Banks | 110 MYR, 2 500 PHP, 390 000 IDR, 630 000 VND, 900 THB | ❌ | Instant |
| Banks of Nigeria | 44 000 NGN | 3 - 7 days |
Withdrawal
| Withdrawal Method | Withdrawal Fee | Withdrawal Time |
| Cryptocurrencies | ||
| Bitcoin | 1% BTC (min 0,0001 BTC) | Depends on the blockchain network |
| Tether ERC20 | 0.5% USDT + 5 USD | |
| Ethereum | 0.1% ETH (min 3 USD, max 10 USD) | |
| Ripple | 0.1% XRP (min 3 USD, max 10 USD) | |
| Tether TRC20 | 0.5% USDT + 2 USD | |
| Bitcoin Cash | 0.5% BCH (min 0.005 BCH) | |
| Litecoin | 0.5% LTC (min 0.015 LTC) | |
| E Payments | ||
| Webmoney | 0.8% USD | Instant |
| Volet | 2% USD/EUR | |
| OnlineNaira | ❌ | |
| Ozow | 2% ZAR + 10 ZAR | 5 bank days |
| Snapscan | ||
| Sticpay | 2.5% USD/EUR + 0.3 USD | Instant |
| Bank cards | ||
| Visa/Mastercard | 2.5% USD/EUR + 5 USD/EUR | 5 bank days |
| Mobile payments | ||
| M-Pesa | 5% KES + 80 KES | 5 bank days |
| Internet banking | ||
| Banks | 3% MYR/IDR/VND/THB/PHP (min 1 USD) | 5 bank days |
| Banks of Nigeria | 1% NGN + 1 500 NGN |
Customer Service
Customers can visit their office or get in touch with customer service line 24/5 using the information provided below:
Live chat
Telephone: +44 2070992124 (from 07:00 to 16:00 GMT)
Email: info@freshforex.com
Additionally, FreshForex provides a Frequently Asked Questions (FAQ) section on their website to assist clients with commonly raised questions and provide pertinent information.
Conclusion
In conclusion, it is important to exercise caution when considering FreshForex as an investment platform. At present, FreshForex operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
While FreshForex offers a wide range of trading instruments and popular trading platforms like MT4 and MT5, the absence of regulatory oversight means that investors may face increased risks, including potential difficulties in withdrawal and the possibility of falling victim to scams.
Frequently Asked Questions (FAQs)
| Q 1: | Is FreshForex regulated? |
| A 1: | No. |
| Q 2: | Does FreshForex offer demo accounts? |
| A 2: | Yes. |
| Q 3: | Does FreshForex offer the industry leading MT4 & MT5? |
| A 3: | Yes. Both MT4 and MT5 are available. |
| Q 4: | What is the minimum deposit for FreshForex? |
| A 4: | $10. |
| Q 5: | Is FreshForex a good broker for beginners? |
| A 5: | No. It is not an ideal choice for beginners because of its unregulated condition. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
Rating Index
ECN
CLASSIC
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Latest Reviews
Gonca
Germany
During my early days in forex trading, a friend's recommendation led me to FreshForex. Despite initial doubts, real-time data supported and guided me. My heartfelt thanks to these guiding hands for shaping my promising rookie experience.
Positive
2023-08-30
Spokin
Austria
Like many, I learned about this broker from this rating. Mainly interested in the reality of scalping. I was pleasantly surprised that they didn’t ban for active trading, I didn’t believe it. Well, now I believe that there are normal brokers in the world of forex, and I am writing under the impression.
Positive
2023-08-23
Padma1438
Germany
As a greenhorn trader stepping into the labyrinth of forex, FreshForex extends an open hand of opportunity. Their swift trade execution unravels a canvas of possibility, while the allure of tight spreads forms a tranquil backdrop. Should you find yourself at the threshold of your trading journey, don't shy away from testing your mettle in their arena.
Positive
2023-08-30