Welcome to Our Best Forex Broker Review Website. For today’s post, we are doing FreshForex Review. FreshForex is a forex and CFD broker with a variety of account forms and the MT4 network. The trading markets, portfolios, collateral, and deposits are all included in this review. We also examine the broker’s regulatory status to see whether FreshForex is a trustworthy and legal broker. So, if you want to learn what there is to know about this broker, keep reading.
Let’s get started!
What is FreshForex?
FreshForex is an offshore brokerage run by Riston Capital Ltd, which was established in 2004 and is listed in Saint Vincent and the Grenadines. Clients from over 200 countries can use over 130 financial instruments, as well as a variety of educational resources for both beginners and experts.
Clients from the United States, Spain, the United Kingdom, and North Korea are not accepted by FreshForex.
Let’s get into the details of FreshForex Review!
Law and Regulations
Riston Capital Ltd (FreshForex) is a Saint Vincent and the Grenadines-based offshore broker. Since there is no credible regulatory mechanism in place, some brokers are willing to circumvent rigorous financial oversight. Because of the possibility of scams, we suggest that you consider twice before opening an account with an offshore provider.
FreshForex: Trading Platforms
This section of FreshForex Review will reveal the trading platforms offered by this broker.
The MetaTrader 4 (MT4) desktop interface is an excellent trading platform for traders of all skill levels. The multilingual, award-winning platform is the most popular forex trading app, offering a simple and user-friendly interface as well as sophisticated technical features. Customizable charting software, one-click trading, and other features enable users to create strategies.
- 30+ technical metrics and 24 graphical artifacts
- 9 timeframes and three chart forms
- Automated trading (EAs)
- Market execution mode
- Real-time details
After completing website registration, you can download the MT4 trading platform, which is compatible with Windows 7/8/9 and Mac OS PCs.
Skilled traders will benefit from the more sophisticated MetaTrader 5 (MT5) platform, which includes several advanced tools. More timeframes for detailed market fluctuations, as well as a broader variety of technical metrics and graphical resources, such as moving averages and Fibonacci retracements, are available to users. Trading robots and comprehensive historical details are also available.
- 38+ technical metrics and 44 graphical artifacts
- 21 time-frames and an infinite range of maps
- Economic calendar
- Market Depth
The MT5 framework can be installed on both Windows and Mac computers.
FreshForex provides both the MT4 and MT5 web-based terminals, which are ideal for anybody who wants to exchange quickly and conveniently without having to download any applications. The platforms are accessible from any web browser and have the same functionality as the desktop platforms. There is also a client member location.
To keep data exchanges between servers private, both MetaTrader trading platforms use 128-bit secure sockets layer (SSL) encryption. At the sign-in stage, you can also enable dual-factor authentication.
Simply enter your account login information and get started trading right away.
The MT4 and MT5 applications are also available as smartphone applications for iOS and Android (APK) users. Users can browse trades and track their accounts from anywhere after downloading the software, which has much of the same features as the desktop version.
FreshForex: Accounts types
In this section of our FreshForex Review, we’ll go through all of the accounts that this broker offers to its clients. FreshForex accounts are a little perplexing. There are many account forms available on the website, including Real, Partner, and Pro Cent accounts. Within the contract specifics tab, information is given for three accounts: Classic account, Market Pro account, and ECN account.
There is no provision for a minimum deposit, but they suggest $200 for Classic, $400 for Market Pro, and $2,000 for ECN. USD, RUB, EUR, and BTC are the base currencies. Both funds, as well as the MT4 and MT5 trading platforms, are available in all three accounts. The Classic account’s spreads are set, while the other two accounts’ spreads are floating, and both need a minimum order size of 0.01 lots.
On request, Islamic swap-free accounts are also open.
FreshForex provides consumers with a trial account in which they can test their trading strategies before investing real money in a live account. Traders may pick how many virtual funds they want to sell, but feedback and forums criticize the account being archived after 30 days of inactivity.
FreshForex: Assets and Markets
The funds and markets available for trading will be discussed in this section of the FreshForex Review. FreshForex has six different asset groups to choose from:
- Currencies – Trade over 40 currency pairs, including EUR/USD, GBP/USD, and GBP/EUR. • Cryptocurrencies – Choose from five of the most common
- Cryptocurrencies, including Bitcoin and Litecoin.
- Stocks – 60 CFDs on corporate stocks, including Microsoft and Ford, are available to trade.
- Indices – The FTSE 100 and the NASDAQ are among the 11 global indices available.
- Precious metals – on spot markets, exchange gold and silver CFDs.
- Energy – Oil and gas trading
FreshForex: Deposits and Withdrawal methods
This section of FreshForex Review will highlight the deposit and withdrawal methods provided by the broker to its users.
FreshForex accepts credit/debit cards, e-wallets, bitcoins, Malaysian bank cable, and local deposits in Africa, among other swift and free financing options. Requests for deposits must be made via the personal client location, using the online payment form. The minimum deposit for cards is ten dollars or euros. Some payment options have different minimum deposits.
PayPal is not an option.
Cards, e-wallets, cryptos, and Malaysian bank wire are among the options. Withdrawals incur fees ranging from 0.5 percent for FasaPay and Perfect Money to 2.5 percent for cards. OnlineNaira is the only free e-wallet option, though the withdrawal currency is Nigerian Naira.
Card and Malaysian bank withdrawals take 1–5 business days, while e-wallet applications are processed in 10 minutes. The minimum and gross withdrawal rates differ by process and are available on the website.
FreshForex: Accepted Countries
In this part of FreshForex Review, we will provide you the names of the countries supported by this broker. Broker welcomes merchants from the following countries: Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other countries.
It is not available to traders in the United States, the United Kingdom, Spain, Japan, or Korea.
This section of FreshForex Review will highlight the educational resources offered by this broker. FreshForex provides a variety of educational services and trading options for both novice and advanced traders. Articles with trading and market movement guides, as well as webinars, are available in the education center. There is a reading area, but it only contains books that the broker recommends on each subject.
The Forex Analytics portion contains a variety of research predictions as well as useful resources such as economic calendars and holiday schedules. Traders may also subscribe to a signal service, and there is a store where they can buy MT4 specialist advisors.
FreshForex: Customer Support
In this section of FreshForex Review, we will provide you the details about the customer support services provided by this broker. FreshForex offers an online chat option that is available 24 hours a day, 5 days a week. You should even send them an email. Their support staff speaks Russian, English, Chinese, and Turkish, so you should be able to communicate with them in one of these languages.
FreshForex is based in Kingstown, Beachmont, P.O. Box 1510, Suite 305 Griffith Corporate Centre, St. Vincent, and the Grenadines.
FreshForex: Pros and Cons
This section of FreshForex will summarize the benefits and drawbacks of this broker.
- Bonuses and promotions
- Copy-trading is available
- Mobile app
- Trading channels MT4 and MT5
- Offshore dealer
- Ambiguous website
- Limited product list
- Some negative consumer feedback
Conclusion FreshForex Review
Here we have the end of this FreshForex Review. FreshForex offers two distinct forex trading sites, MT4 and MT5, which have the advantages of being hassle-free, easy to use, and packed with features that contribute to a good trading experience.
Aside from the MT4 and MT5 platforms, FreshForex also has a MetaTrader 4 terminal that can be used on PCs, iPhones, and Android phones. Forex traders may use this feature to view their trading accounts from their cell phones. FreshForex, as a forex trading service provider, offers forex traders a variety of account forms on its website.
An ECN forex trading account allows forex traders to execute trades instantly on the interbank market, while a swap-free account allows forex traders to exchange forex with no defined interest.
FreshForex, as an online forex trader, offers a diverse range of deposit and withdrawal options, as well as consistent high forex trading services at all times.
So, if you’re interested in trading with this broker, don’t hesitate to check it out in a Demo Account first to see how it works for you!