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 Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.
FreshForex Forex Broker
Basic Information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License MT5 Full License High potential riskCompany profile
Rating Index
BTC
Tether USDT (TRC20)
FreshForex Broker - Comprehensive Information Guide
1. Broker Overview
FreshForex, established in 2004, is an online forex and CFD broker operated by Riston Capital Ltd. The company is headquartered in Kingstown, Saint Vincent and the Grenadines, a location often chosen by brokers due to its favorable regulatory environment. FreshForex operates as a private entity, providing services to clients worldwide, particularly focusing on markets in Eastern Europe and Asia.
Over the years, FreshForex has earned a solid reputation in the forex trading community, recognized for its competitive trading conditions and customer service. The broker has achieved several milestones, including more than 20 international awards acknowledging its trading conditions and innovative services. FreshForex primarily offers retail forex trading and has expanded its services to include various asset classes, catering to a diverse clientele of both novice and experienced traders.
The business model of FreshForex is based on the No Dealing Desk (NDD) execution model, which allows for direct market access and ensures that clients receive the best possible quotes from liquidity providers. This model enhances transparency and reduces the potential for conflicts of interest, making FreshForex an attractive option for traders looking for reliability and efficiency in their trading activities.
2. Regulation and Compliance Information
FreshForex operates under the regulatory oversight of the Commission for the Regulation of Relations on the Financial Market (KROUFR) and the Centre for Regulation in OTC Financial Instruments and Technologies (CR FIN). However, it is important to note that these regulators are not considered top-tier authorities like the FCA or ASIC, which raises some concerns regarding the level of investor protection.
The regulatory numbers associated with FreshForex include:
- KROUFR: License number not publicly specified.
- CR FIN: License number not publicly specified.
FreshForex's regulatory licenses are valid for conducting forex and CFD trading, but the lack of oversight from more reputable regulators means that traders should exercise caution. The broker implements a segregated funds policy, which ensures that client funds are kept separate from the companys operational funds, providing an additional layer of security.
In terms of compliance, FreshForex adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities before trading. This process helps maintain the integrity of the trading environment and protects against fraudulent activities.
3. Trading Products and Services
FreshForex offers an extensive range of trading products, providing access to over 270 financial instruments. This includes:
Forex Currency Pairs: FreshForex provides access to a variety of currency pairs, including major, minor, and exotic pairs. The broker supports 49 currency pairs, allowing traders to engage in diverse trading strategies.
CFDs on Stocks: The broker offers CFDs on stocks from various industries, enabling traders to speculate on price movements without owning the underlying assets.
Precious Metals: FreshForex allows trading in precious metals such as gold and silver, which are popular among investors seeking safe-haven assets.
Energy Products: Traders can also access energy CFDs, including crude oil and natural gas, which are influenced by geopolitical factors and market demand.
Indices: The broker offers CFDs on indices, allowing traders to speculate on the performance of entire markets.
Cryptocurrencies: While initially offering crypto trading, FreshForex has ceased this service, which limits options for traders interested in digital assets.
FreshForex updates its product offerings regularly, ensuring that traders have access to the latest instruments and market opportunities. The broker focuses on providing a robust trading environment suitable for both retail and institutional clients, with features designed to enhance trading efficiency.
4. Trading Platforms and Technology
FreshForex supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both known for their advanced features and user-friendly interfaces.
MetaTrader 4: MT4 is favored by many traders for its reliability, comprehensive charting tools, and the ability to use Expert Advisors (EAs) for automated trading. The platform is available for desktop, web, and mobile devices, ensuring that traders can access their accounts anytime, anywhere.
MetaTrader 5: MT5 offers enhanced capabilities over its predecessor, including more technical indicators, additional order types, and improved analytical tools. This platform is suitable for traders looking to diversify their trading strategies across various asset classes.
FreshForex does not offer proprietary trading software, relying instead on the established MetaTrader platforms. The broker also provides a web-based trading platform, allowing clients to trade without downloading software, which is particularly useful for those who prefer a more flexible trading experience.
In terms of execution, FreshForex employs a market execution model, ensuring that orders are filled at the best available prices without requotes. The broker's infrastructure is designed to support high-speed trading, with servers located strategically to minimize latency.
5. Account Types and Trading Conditions
FreshForex offers several account types tailored to meet the needs of different traders:
Classic Account: This account type is suitable for beginners and offers fixed spreads starting from 2 pips. The minimum deposit required is $10, making it accessible for new traders.
Market Pro Account: Designed for more experienced traders, this account features floating spreads starting from 0.9 pips and requires a minimum deposit of $200. It is ideal for those looking for tighter spreads and faster execution.
ECN Account: This account type provides direct access to interbank liquidity, with spreads starting from 0.0 pips and a commission of $1.90 per lot. The recommended minimum deposit is $2,000, making it suitable for high-volume traders.
Islamic Account: FreshForex offers swap-free accounts for traders who adhere to Islamic finance principles. These accounts do not incur interest fees on overnight positions.
Demo Account: A demo account is available for traders to practice their strategies without risk. It is funded with virtual currency and simulates real market conditions.
The leverage offered by FreshForex varies by account type, with a maximum of 1:2000 available for retail accounts. This high leverage can amplify both potential profits and losses, so traders must manage their risk carefully.
6. Fund Management
FreshForex supports a variety of deposit and withdrawal methods to facilitate seamless fund management:
Deposit Methods: Traders can deposit funds using various methods, including credit/debit cards, bank transfers, and electronic wallets such as Skrill and Neteller. The minimum deposit requirement varies by account type but is generally set at $10.
Deposit Processing Time: Most deposits are processed instantly, allowing traders to fund their accounts quickly.
Withdrawal Methods: FreshForex allows clients to withdraw funds using the same methods as deposits. Withdrawal requests are typically processed within 1-3 business days, depending on the method used.
Withdrawal Fees: While FreshForex does not charge deposit fees, it may apply withdrawal fees depending on the method. For instance, credit card withdrawals may incur a 2.5% fee, while e-wallet withdrawals are generally free.
Minimum Withdrawal Limits: There may be minimum withdrawal limits in place, which can vary by payment method.
FreshForex emphasizes fast and efficient processing of both deposits and withdrawals, aiming to provide a smooth trading experience for its clients.
7. Customer Support and Educational Resources
FreshForex offers a range of customer support options to assist traders:
Support Channels: Clients can reach customer support via email, live chat, and telephone. The support team is available 24/5, providing assistance in multiple languages.
Service Availability: Customer support operates from Monday to Friday, ensuring that traders can get help during market hours.
Educational Resources: FreshForex provides a variety of educational materials, including online guides, webinars, and video tutorials. These resources are designed to help traders improve their skills and understanding of the market.
Market Analysis Services: The broker offers daily market analysis and insights, helping traders make informed decisions.
Trading Tools: FreshForex provides various trading tools, including economic calendars and calculators, to assist traders in their activities.
The educational resources and customer support offered by FreshForex are beneficial for both new and experienced traders, enhancing their overall trading experience.
8. Regional Coverage and Restrictions
FreshForex serves clients from over 200 countries, providing a wide reach in the forex trading market. However, there are certain regions where the broker does not accept clients:
Restricted Countries: FreshForex does not accept clients from the United States, United Kingdom, Spain, and North Korea, among others. This restriction is primarily due to regulatory compliance and legal considerations.
Market Focus: The broker primarily targets clients in Eastern Europe and Asia, with a significant presence in countries such as Russia, Nigeria, and Indonesia.
Local Offices: FreshForex does not have local offices in many regions, relying instead on its online presence to serve clients globally.
In summary, FreshForex offers a comprehensive trading platform with a range of products and services, catering to a diverse clientele. While it has certain advantages, such as high leverage and competitive spreads, traders should be aware of the regulatory environment and the associated risks when choosing to trade with this broker.
FreshForex Similar Brokers
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
FreshForex
News
News CHANGES IN TRADING SCHEDULE ON JULY 3–4
Freshforex broker that is offering traders with products you would like to trade on, such as Forex, CFD and Crypto for your best choice. Is hereby announcing the change of some trading hours for their products as a result of Independence Day in US on 4th July. Therefore, clients are advised to be aware of the changes.
News NATURAL INTEREST IN ARTIFICIAL INTELLIGENCE
It is the intelligence created by nature, natural evolutionary mechanisms, as biological intelligence embodied as the brain, animal and human and any hypothetical alien intelligence.
News CHANGES IN THE TRADING SCHEDULE ON JANUARY 16
FreshForex is a broker offering forex through several account types and the MT4 platform. In line with the upcoming celebration of Martin Luther King Day in the United States on January 16, this broker too has informed it's clients that there will be changes in the schedule of trading sessions.
News WAYS TO GO: ECB'S HIGHEST RATE IN 13 YEARS
To all Traders, kindly be informed that, The European Central Bank raised its key rate by 50 basis points to 2.5%. This is the highest rate since January 2009. The central bank warns that aggressive rate hikes are far from over. Like the US Federal Reserve, the ECB expects to bring inflation to the level of 2%. Experts expect to see the final rate in the region of 3.5%.
News CALL FOR SEMINAR TITLED: HOW TO TRADE ON ECONOMIC EVENTS
FreshForex is a broker offering forex and CFD trading through several account types and the MT4 platform. Although the broker doesn't seem to be fully regulated based on our investigation, it still offers some educational articles for its clients.
News WIKIFX REPORT: CHANGES IN THE TRADING SCHEDULE ON NOVEMBER 7
A recent announcement was made by freshforex broker to inform their clients and general public regarding their change in the trading schedule, mentioning that users should note that the current trading server time corresponds to Eastern European Time (EET) — UTC+2.
News WIKIFX REPORT: TRADING SIGNALS: THE FEDS' DECISION ON THE INTEREST RATE
The Federal Reserve announced that it’s raising interest rates 0.75 percentage points, following its July 26-27 meeting, bumping the federal funds rate to a target range of 2.25 to 2.50 percent.
News WIKIFX REPORT: PRICE OF INTEREST: HOW DO INTEREST RATES AFFECT PRICES OF COMPANIES' SHARES
Higher interest rates tend to negatively affect earnings and stock prices (with the exception of the financial sector). Higher interest rates also mean future discounted valuations are lower as the discount rate used for future cash flow is higher.
News WIKIFX REPORT: FreshForex Invites you to Become a Local Depositor and Start Earning right now
In 2020, FreshForex established a local depositor service, which has since had considerable success.
News TRADING HINT: HOW BEGINNER CAN ACQUIRE TRADING KNOWLEDGE BY ATTENDING WEBINARS
Forex trading may be successful and satisfying when addressed as a company. You must, therefore, Find out what you need to do as a newbie to avoid significant losses. Beginning traders may find it difficult to uncover crucial information in the avalanche of data. When you first start trading, issues like analytics, guidance from private investors, and a variety of tactics can be confusing.
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