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FreshForex – Detailed Review and Trader Feedback 2019

regulation
Regulated by TSRF
(Licence. RU-A7087)
region
Accepts traders from
United Kingdom
rating
4.0
/ 5
Rating: 123
Reviews: 0
bonus
Bonus on first
deposit
Register within 10:00 minutes and receive a gift

Since 2004, the broker «FreshForex» carries out its financial activity. The service is registered and regulated by the public authorities of Saint Vincent and the Grenadines and is owned by the brokerage structure Riston Capital Ltd. All supporting documentation is available on the official resource.

Full review
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
200
up to 500%
$1
$1
Demo account:
Online registration:
Call support:
Chat with support:
yes
yes
8-800-333-88-08
yes
Tradable assets:
200
Option profitability:
up to 500%
Minimum deposit:
$1
Minimum trade amount:
$1
Demo account:
yes
Online registration:
yes
Call support:
8-800-333-88-08
Chat with support:
yes
Deposits and Withdrawals
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Review of FreshForex
Broker rating: 4.5 / 5

1. «FreshForex» - general information

Website is available in ten languages. Today, «FreshForex» offers users an extensive range of services, including operations on Forex, precious metals CFD, indexes, securities and energy, as well as Smart Bridge Technology transaction hedging service. In addition, the broker offers its clients the opportunity to trade training, extensive bonus and affiliate programs, as well as 24-hour technical support.

According to the results of an independent survey conducted by reputable «Interfax», «FreshForex» was among the top 10 best brokers of the Russian Federation in 2011. In 2016, the similar result was achieved, despite the lack of official representation of the company in the country.

2. Advantages and disadvantages

Extensive experience: «FreshForex» has been successfully operating in this market for more than 15 years. It is among the most rated financial organizations, which indicates its high status, reliability and professionalism.

Favorable trading conditions: The leverage is from 1 to 2000, there are more than 140 trade instruments, which implies wide range of opportunities for investment and stable earnings in the financial market.

No initial deposit: customers can invest any amount. The conditions are optimal for both experienced investors and beginners.

Free analytics at a professional level: Analytical forecasts from the company's specialists allow traders to invest their funds more profitably, to understand in detail the market trends and directions of possible change of asset price.

Honest and transparent bonus policy: now the service has several bonus programs: «101% for replenishment», CashBack, «Golden words», «200% for each replenishment», as well as bonuses for writing thematic articles. The conditions for each offer are specified on the official website of the company.

Instant execution of orders with narrow spreads: Freshforex servers are in close proximity to the trading servers of the main financial markets, forming a network of proven liquidity providers. With the arrival of important financial news, clients are provided with an instant market execution for 0.05 seconds, fairly tight spreads and best prices are formed.

No fees for making deposits: Despite the method of replenishment, there is no extra payment.

Instant withdrawal of earned funds: The standard duration of processing user withdrawal request for an earned capital is up to 10 minutes while it is made during the working day.

Demo account: Each user can create a training account to try to trade in the market without investing funds and any risks.

No license in the Russian Federation: Some traders are confused by the fact of unlicensed activity on the territory of the Russian Federation, despite the presence of permits of other countries.

No company's offices in the Russian Federation.

Inability to transfer funds in trust: all operations in the financial market are performed by the investor

3. Trade conditions

Investors can use the following assets, which are available on each account:

  • 49 Forex pairs;
  • 7 precious metals CFD;
  • 68 securities CFD of different companies;
  • 1 index CFD;
  • 6 cryptocurrency CFD.

Currency pairs are the most popular trading instrument among investors. Due to the high volatility index, with this type of instrument you can get a stable income. As for the securities, the broker's clients earn on shares of Nvidia, Qiwi, Apple, Ebay, Goldman Sachs, etc. If you have enough experience, you can earn money by using various options of energy. All categories of investors can use Forex, CFD and stock market yield cards.

4. Trade platform

Meta Quotes MT4 and MT5 terminals are provided for market activities. Programs open access to transactions with any accounts. When you make MT5 active, Swap Free option is unavailable. If you need it for work, you should register account for MetaTrader4. Additional servers include VPS for the continuous operation of trading advisors and «FreshForex Easy bot», which shows the latest recommendations via Telegram channel.

5. Account type

The following types of accounts are available for creating in «FreshForex»:

  • Classic trade account is an account with the ability to perform transactions with currency and base assets. The investor can use 130 trading instruments with leverage of 1 to 2000. The minimum order is 0.01 lot. Spread - from 2 points.
  • Affiliate Market Pro is recommended for experienced users, including traders working at minimum intervals (scalpers). Leverage is from 1 to 25 to 1 to 500. Floating spread is from 0.9 points.
  • ECN provides access to transactions on the interbank market at the market price. Execution of orders for the purchase or sale of an asset are up to 0.05 seconds. The spread is from 0 points. There is a commission of 0.003% for the contract.
  • Swap Free is a special account recommended for investors who open and operate long-term trading positions. There is no fee for the positions swap for subsequent trading sessions, fixed commission is paid. If necessary, this option can be activated in other trade accounts.
  • ProCent is a cent account for transactions in real market conditions with no risk. This type of account is optimal for inexperienced users and investors who use trading advisors

6. Creating accounts and withdrawal of funds

To create an account, you need to visit the company's website and select the desired option in the «Trading conditions» section. In the next window click on «Create account», and then go through the standard registration procedure. At the first stage, the client must specify the country of residence, mobile phone number and e-mail address. At the second stage, you need to enter your personal data and choose the account parameters. After the operation is completed, the system will send a confirmation letter with login and password to the specified E-mail.

There are more than 20 ways to deposit and withdraw funds, including bank cards, bank transfers and electronic payment services. When replenishment is done, «FreshForex» compensates the amount of commission of payment systems, withdrawal provides standard commission. For example:

  • 3.5% for bank cards with ruble account;
  • 2.8% for bank transfer;
  • 2% for ruble transfers and 3% for currency on Qiwi;
  • 2% for Yandex.Money service;
  • 0.8% for WebMoney service;
  • 1% for Skrill system.

Each user can choose the best option with an acceptable amount of commission.

7. Demo account

The company's website provides the opportunity to activate a training account with a «virtual currency». It can be used to study trading without the possibility of real profits. Access to the demo account is provided after the standard registration.

8. Mobile trade

The service provides customers with the opportunity to use mobile trading using mobile applications of trading platforms developed for iOS and Android. Mobile versions are provided for MT4 and MT5. Programs are available for download in Play Market and AppStore. Applications are for free. Main features of mobile platforms:

  • online listing of market instruments;
  • full set of orders, including pending ones;
  • ability to perform transactions directly from the chart;
  • all types of operations are supported;
  • detailed history of all transactions.

The interface of mobile terminals is simple and convenient. Charts are available in three versions: bars, broken line and candles with zoom and scrolling. 7 time intervals are available: M1, M5, M15, M30, H1, H4 and D1

9. Trader training

«FreshForex» has an extensive training system, which includes online trainings, video lessons with comments, as well as various literature on trading topic. According to users' feedback, the basic course of Forex trading allows you to master the necessary trading skills in a short time.

For experienced investors, special courses have been developed; they include the secrets of working in the market presented in detail, specific methods of market review, which give the most accurate idea of the subsequent fluctuations in the value of assets.

«FreshForex» webinars are held every week. The experts provide customers with reviews of the market situation, offer you ready-made trading strategies and acquaint with the possible consequences of the publication of important news. During the webinars, users can be consulted by experienced analysts online, learn from their experience and knowledge.

10. Trading strategy

Various strategies can be used on the broker's platforms: short-term, medium-term and long-term. Due to a wide range of financial instruments and effective analytics, it is possible to study in detail the behavior of the market and the change of the assets value.

In addition, «FreshForex» is a great option for making transactions based on news and scalping the market. For profitable scalping, the client should add the «rebate» bonus and compensate up to 20 USD for any closed order.
To choose the right strategy, customers can use:

  • Determining the asset level;
  • Fundamental analysis;
  • Murray levels analysis;
  • Wave analysis;
  • Optional analytics;
  • Analysis of margin positions.

Additionally, a calendar of future events, MetaQuotes news and schedule of working sessions are available on the broker's website. Forex Huckster, a special service of advisers, is also available

11. Regulation and solution to the disputes

The company has all the necessary permits for the right to provide financial and investment services from the regulators of Saint Vincent and the Grenadines, as well as a license of Commission on regulation of relations of financial market participants for performing activities in the Russian Federation.

Currently, «FreshForex» covers more than 158 countries with a huge number of active users. The broker has about thirty awards, including Best Trading Experience, Best Trading Conditions Award, Best Bonus Program and Best customer service (from MasterForex-V).

An additional factor testifying to the reliability of the organization is the availability of liquidity providers with a European license.
Technical support works 24-hours and responds quickly to user requests, which also indicates the reliability of the broker and the high quality of its work.

12. Should you trade with FreshForex?

The company does not have the license from the Central Bank of the Russian Federation, but this is one of the few disadvantages of the broker, which is compensated by the presence of other permits and a high level of reliability in general. Withdrawal of earned funds is carried out without failures and fast, which cannot be provided by many other similar organizations.

Clients are offered several accounts for different trade options and more than 140 financial instruments. The extensive training section helps not only beginners in learning the basics of trading, but also experienced investors who want to develop their skills. You can work with this company, especially since there are extensive bonus and affiliate programs, where everyone can earn extra points or get points for use in transactions in the market

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