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What is FreshForex? Is is a trusted and safe broker?
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For over 18 years in the sector, it has offered advantageous trading conditions.
- Who is FreshForex
- Merits of using MT4 and MT5 of FreshForex
- Accounts offered by FreshForex
- FreshForex Additional Services
- Deposits and withdrawals
- Deposits
- Withdrawal methods
- Bonuses and promotional offers
Who is FreshForex
FreshForex is an online broker that has been operating in the sector for almost twenty years, managed by the international company Riston Capital Ltd duly registered in Kingstown, Saint Vincent and the Grenadines and provides its services in over 150 countries around the world.
The company offers its traders the opportunity to invest in a wide range of products divided into Forex, CFDs for precious metals, shares, Futures on energy products, ETFs, indices and cryptocurrencies with extremely competitive trading conditions and excellent risk management through the innovative Smart Bridge Technology hedging system, which guarantees the best Non-Dealing Desk execution and accurate market quotes.
Merits of using MT4 and MT5 of FreshForex
Perks such as trading commissions starting at 0 pips, a max leverage of 1:2000, no fees on deposits and numerous bonus promotions have earned the broker the award for best trading experience 2016 from FXDailyInfo.
By far the most popular and advanced in the world, the MT4 and MT5 trading platforms, offering an intuitive and simple to use interface with advanced technical features, are suitable for any category of investor, both experts and beginners will be able to create strategies to maximize the capabilities with a variety of tools and services such as customizable charting tools, one-click trading, real-time data and much more.
Obviously MT4 and MT5 are available and compatible with any type of device (IOS, Mac, Windows, Android, Linux) in both desktop and mobile app versions.
Attractive management of deposit and withdrawal of funds with a wide range of payment methods available to suit any need.
No commission on any transaction to credit funds regardless of the selected payment method and no existing minimum deposit, in practice the customer will be able to open an account without necessarily having to immediately make an initial deposit.
As far as withdrawals are concerned, in addition to reduced commissions, the broker guarantees lightning-fast processing of requests, the times for the actual transfer of funds vary according to the selected transaction method.
Usually, withdrawal times are no more than 10 minutes during company business hours.
An exciting Bonus program to say the least!
Virtually a promotional offer for any need: +10% Cryptocurrency Deposit, Stop Out Insurance, 300% Deposit Bonus, 101% Withdrawal Bonus, No Deposit Bonus, Cash Back Program and many more.
FreshForex is a undisputed winner of the Best Bonus Program 2017.
Regulations | FSA |
---|---|
Demo Account | Available |
Minimum deposit | $0 |
Maximum leverage | Up to 1:2000 |
Platforms | MT4, MT5, Mobile Apps |
Negative balance protection | Supported |
Promotional Offers (Bonuses) | +10% Cryptocurrency Deposit, Stop Out Insurance, 300% Deposit Bonus, 101% Withdrawal Bonus, No deposit bonus, Cash back program |
Markets | Forex, CFDs on precious metals, shares, energy futures, ETFs, indices, cryptocurrencies |
Social and Copy trading | Not available |
Stop Out Level | Starting from 20% and varies based on selected account |
Margin Call | 100% |
Spread Forex | Varies according to the selected account: Fixed from 2 pips and Variable from 0.9 pips |
Trading fees | Varies by account, starting from zero |
Deposit fees | None |
Withdrawal fees | Varies depending on the selected withdrawal method |
Order execution | Market execution (NDD), No requotes |
Automated Trading (Expert Advisers) | Available |
Account types | Classic, Professional, ECN |
Demo account | Available |
Islamic account (swap free) | Available |
Accounts offered by FreshForex
FreshForex offers potential clients the choice of three different types of accounts: Classic, Professional, ECN and CENT classic or Pro.
You can choose the one that best suits your needs, style and risk appetite.
In the event you want to test the trading conditions of each individual account without having to run any risk, you will be allowed to register for a demo account.
Traders of Islamic faith will be able to apply for a swap-free account by making a request to the support team.
- Classic Account: Type of account created mainly for novice traders who have recently started investing funds in forex. The account allows you to trade on over 130 trading instruments with 4-digit quote accuracy, leverage up to 1:1000 and a fixed spread of 2 pips.
- Professional Account: Particularly popular with experienced traders and scalpers, the account offers conditions for professional trading with 5-digit quote accuracy, maximum available leverage of 1:500, ultra-fast execution and floating spreads starting from 0.9 pips. We would like to inform you that on the Professional account, the Take Profit and Stop Loss values can only be used after the position has been opened.
- ECN Account: A professional account that allows the client to execute trades directly on the markets without any intermediaries. Instant execution, high liquidity, fast order handling on the interbank market, max leverage 1:500.
- Classic Cent account: offers the opportunity to interact on the markets with small amounts of capital (a minimum of 0.01 lots) in order to contain the risks deriving from losses as much as possible. Similar in terms of the Classic account.
- Cent Professional account: Like the Classic, it allows for reduced investments but with more suitable conditions for professional traders who intend to test the tools and services offered by the broker.
In the next table, all the main features of each single account offered will be listed in detail.
We would like to underline that although it is not mandatory to make any initial deposit, the broker recommends a minimum amount for each account.
Account features | Classic account | Professional account | ECN Account | Classic Cent Account | Professional Cent Account |
---|---|---|---|---|---|
Minimum deposit | None ($200 recommended) | None ($400 recommended) | None ($2000 recommended) | None ($20 recommended) | None ($200 recommended) |
Trading platform | MT4 – MT5 (Windows, macOS, Linux, Android, iOS, iPad, web) | MT4 (Windows, macOS , Linux, Android, iOS, iPad, web) | MT4 – MT5 (Windows, macOS, Linux, Android, iOS, iPad, web) | MT4 – MT5 (Windows, macOS , Linux, Android, iOS, iPad, web) | MT4 – MT5 (Windows, macOS, Linux, Android, iOS, iPad, web) |
Currencies available for deposit | US Dollars (USD), Euros (EUR), Bitcoins (BTC), Russian Rubles (RUB) | US Dollars (USD), Euros (EUR), Bitcoin (BTC), Russian Rubles (RUB) | US Dollars (USD), Euros (EUR), Bitcoin (BTC), Russian Rubles (RUB) | USC (US Cent) | USC (US Cent) |
Deposits and withdrawals | Crypto bank card, Electronic payment systems | Crypto bank card, Electronic payment systems | Crypto Bank Card, Electronic Payment Systems | Crypto Bank Card, Electronic Payment Systems | Crypto Bank Card, Electronic Payment Systems |
Instruments available for trading | 52 Forex pairs, 13 CFDs on Precious Metals, 122 CFDs on Shares, 7 CFDs on ETFs, 13CFDs on Indices, 3 Futures on Energy CFD, 74Cryptocurrency CFD | 52 Forex pairs, 13 CFDs on Precious Metals, 122 CFDs on Shares, 7 CFDs on ETFs, 13CFDs on Indices, 3 Futures on Energy CFD, 74Cryptocurrency CFD | 52 Forex pairs, 13 CFDs on Precious Metals, 122 CFDs on Shares, 7 CFDs on ETFs, 13CFDs on Indices, 3 Futures on Energy CFD, 74Cryptocurrency CFD | 52 Forex pairs, 13 CFDs on Precious Metals, 122 CFDs on Shares, 7 CFDs on ETFs, 13CFDs on Indices, 3 Futures on Energy CFD, 74Cryptocurrency CFD | 52 Forex pairs, 13 CFDs on Precious Metals, 122 CFDs on Shares, 7 CFDs on ETFs, 13CFDs on Indices, 3 Futures on Energy CFD, 74Cryptocurrency CFD |
Quote accuracy | 4 – 2 digits (0.1234) | 5 – 3 digits (0.1234 5) | 5 – 3 digits (0.1234 5) | 4 – 2 digits (0.1234) | 5 – 3 digits (0.1234 5) |
Spread | Fixed (2 pips) | Variable (starting from 0.9 pips) | Low (starting from 0 pips) | Fixed (2 pips) | Variable (starting from 0.9 pips) |
Available leverage | 1:25 – 1:2000 (0.05% margin requirements) | 1:25 – 1 :1000 (0.1% margin requirements) | 1:25 – 1:1000 (0.1% margin requirements) | 1:25 – 1:1000 (0.1% margin requirements) | 1:25 – 1:1000 (0.1% margin requirements) |
Commission | None (except for CFDs on corporate shares and cryptocurrencies) | From 0.003% per contract (from $1.90 per lot – $30 per mln) | From 0.003% per contract (from $1.90 per lot – $30 per mln) | None (except for CFDs on corporate shares and cryptocurrencies) | None (except for CFDs on corporate shares and cryptocurrencies) |
Min Limit & Stop Level | Equal to spread | None | None (trading within the spread is allowed) | Same as spread | None |
Margin Call – Stop Out | 100% – 20% | 100% – 40% | 100% – 60% | 100% – 20% | 100% – 40% |
Maximum order size | 20 lots (2 million in base currency) | 100 lots (10 million in base currency) | 10,000 lots (1 billion in base currency) | 2000 lots (2 million in base currency) | 2000 lots (2 million in base currency) |
Minimum order size | 0.01 lot (1000 units of base currency) | 0.01 lot (1000 units of base currency) | 0.01 lot (1000 units of base currency) | 0.01 lot (10 units of base currency) | 0.01 lot (10 units of base currency) |
Order Execution Mode | NDD Market Execution (Market Execution – No Requotes) | NDD Market Execution (Market Execution – No Requotes) | NDD Market Execution Market Execution – No Requotes) | Market Execution NDD (Market Execution – No Requotes) | Market Execution NDD (Market Execution – No Requotes) |
Order execution time | Immediate | Immediate | Immediate | Immediate | Immediate |
Margin when hedging | 50% on each position | 50% on each position | 50% on each position | 50% on each position | 50% on each position |
Expert Advisors | Available on Metatrader 4 – MetaTrader 5 | Available on Metatrader 4 – MetaTrader 5 | Available on Metatrader 4 – MetaTrader 5 | Available on Metatrader 4 – MetaTrader 5 | Available on Metatrader 4 – MetaTrader 5 |
Trading time for Forex | Daily from Monday to Friday from 00:05 to 24:00 EET (Eastern European Time: UTC+2, UTC+3 during summer) |
Daily from Monday to Friday from 00:05 to 24:00 EET (Eastern European Time: UTC+2, UTC+3 during summer) |
Daily from Monday to Friday from 00:05 to 24:00 EET (Eastern European Time: UTC+2, UTC+3 during summer) |
Daily from Monday to Friday from 00:05 to 24:00 EET (Eastern European Time: UTC+2, UTC+3 during summer) |
Daily from Monday to Friday from 00:05 to 24:00 EET (Eastern European Time: UTC+2, UTC+3 during summer) |
Telephone trading | Available | Available | Available | Not available | Not available |
Bonuses and Compatible Promotions | Cashback, 101% Tradable Bonus, 300% Deposit Bonus, Stop-Out Insurance | Cashback, 101 Tradable Bonus %, Deposit Bonus 300%, Stop-Out Insurance | Cashback, Tradable Bonus 101%, Deposit Bonus 300%, Stop-Out Insurance | Cashback, Tradable Bonus 101%, Deposit Bonus 300%, Stop-Out Insurance | Cashback, Tradable Bonus 101%, Deposit Bonus 300%, Stop-Out Insurance |
It is important to remember that trading CFDs on cryptocurrencies is allowed every day from Monday to Sunday from 00:05 to 24:00 with a break on Sunday from 00:00 to 01:00 EET (Eastern European Time: UTC+ 2 in winter, UTC+3 in summer).
In the event the price of an instrument may fluctuate sharply (before and after the release of fundamental data, speech of economic decision makers, market interventions, etc.), the minimum levels for placing orders could increase (maximum 10 times and no more than the levels indicated in the contract specifications).
FreshForex’s additional services
The broker offers extremely valuable tools and services, with the intention of creating a constantly updated trading environment, free of risks and full of opportunities.
A finely accurate educational path suitable for consultation by both beginners and expert traders, useful for expanding one’s knowledge.
The learning section is structured to offer advice on a wide range of useful topics such as interactive forex trading tutorials, tips on profitable trading and price movements, webinars, forex encyclopedia.
Forex Analytics also offers traders analysis forecasts, useful tools such as economic calendars and holiday calendars, the ability to subscribe to a signals service and access to an area where it will be possible to purchase MetaTrader 4 expert advisors.
- “Smart Bridge Technology” (SBT) system
- Service based on state of the art technology used to hedge risks in Forex trading for NDD (No Dealing Desk) accounts. In summary, Smart Bridge works like this: the trader sends an order request via the platform, the request is verified and accepted by the FreshForex server and transferred to the Smart Bridge Technology system, the system selects the best available price and sends the trader’s order to the liquidity provider, the order is delivered to the interbank markets. Instant execution speed with no middleman, no hidden fees and low spreads help minimize the risks arising from the high volatility of the forex markets.
- FreshForex VPS server
- Virtual private server that allows the trader who uses it to stay connected 24 hours a day and to access any function at any time he deems necessary. Usually traders who use servers of this kind make use of automated tools such as expert advisors.
- FreshForex Easy Bot
- A somewhat innovative free “Simple Trading” service that allows the trader to trade easily without having to access any platform using the Telegram app. With FreshForex Easy bot offers essential information, the bare minimum to be able to carry out a fast exchange: updated quotes, data on accounts and open operations, market fluctuations and more. It will not be necessary to use complex graphs and analyses. To use the service, simply log into Telegram and enter FreshForexeasybot in the search field to start investing on your live or demo account.
Deposits and withdrawals
FreshForex offers traders a wide range of solutions to be able to make both deposits and withdrawals to their account.
Regardless of the type of transaction, the broker guarantees maximum security and transparency.
- Over 20 payment methods available to meet any need.
- No fees on deposits.
- Immediate credit to your account.
- Contained withdrawal fees.
Deposits
To credit funds, traders must log into their FreshForex account, click on “Deposit” and select the payment method that best suits their needs.
For new members, we remind you that opening an account does not require any mandatory deposit and the trader can decide how much to deposit at any time.
The broker only suggests a minimum deposit amount based on your account type so that you can trade properly.
It is important to know that regardless of the management policies of the company, each deposit method available in the list has a minimum deposit limit.
Deposit method | Deposit currency | Minimum deposit amount | Commissions | Credit Time | Available withdrawal methods | |
---|---|---|---|---|---|---|
Cryptocurrencies | ||||||
Bitcoin | BTC | 0.001 BTC | No fees | min. 3 confirmations | Bitcoin | |
Bitcoin Cash | BCH | 0.05 BCH | Payment System Fee | min. 3 confirmations | BCH | |
Litecoin | LTC | 0,2 LTC | Payment System Fee | min. 3 confirmations | LTC | |
Tether ERC20 | USDT | 10 USD | Payment System Fee | Depends from the blockchain network | USDT | |
Tether TRC20 | USDT | 20 USD | Payment System Fee | Depends from the blockchain network | USDT | |
Ethereum | ETH | 350 USD | Payment System Fee | Depends on blockchain network | ETH | |
Ripple | XRP | 60 USD | Payment System Fee | Depends on blockchain network | ETH | |
USD Coin | USDC | 10 USD | Payment System Fee | Depends from the blockchain network | Bitcoin | |
Electronic payment systems | ||||||
Neteller | USD/EUR/CNY | 30 USD – 30 EUR – 300 CNY | No commission | Immediate | Neteller | |
Webmoney | US Dollar | 1 USD | 15% | Immediate | Webmoney | |
Skrill | US Dollar | 30 USD | No Commission | Instant | Skrill | |
FasaPay | USD-IDR | 5 USD-70000 IDR | No commission | Immediate | Fasapay | |
ADVCash | USD – EUR – UAH – KZT | 1 USD – 1 EUR – 30 UAH – 350 KZT | No Commission | Immediate | ADVCash | |
Perfect Money | USD – EUR | 1 USD – 1 EUR | Payment System Fee | Immediate | Perfect Money | |
OnlineNaira NGN | NGN | 365 NGN | Payment System Fee | Immediate | OnlineNaira NGN | |
OnlineNaira USD | US Dollar | 1 USD | Payment System Fee | Immediate | OnlineNaira USD | |
Philippines E-Wallet | PHP | 2500 PHP | Payment System Fee | Immediate | E-Wallet Philippines | |
Bank credit cards | ||||||
Visa – Mastercard | USD – EUR | 50 USD – 50 EUR | No commission | Immediate | Visa – Mastercard, USD – EUR | |
Visa – Mastercard (Mercury) | USD – EUR | 100 USD – EUR | Payment system fee | min. 6 confirmations | Bitcoin | |
Mastercard | Euros | 50 euros | Payment system fee | Immediate | Visa – Mastercard, USD – EUR | |
P2P Bank Cards (GP) | US Dollar | 25 USD | No Fees | Immediate | Visa – Mastercard, USD – EUR | |
Visa – MasterCard NGN | NGN | 5 000 NGN | Payment System Fee | Immediate | Banks of Nigeria | |
Mobile Pay | ||||||
M-Pesa | KES | 500 KES | No fees | Instant | M-Pesa | |
EazzyPay | KES | 500 KES | No fees | Immediate | M-Pesa | |
Airtel Money | KES | 500 KES | No fees | Instant | M-Pesa | |
Internet Banking | ||||||
Banks of Malaysia | MYR | 50 MYR | Payment System Fee | Immediate | Banks of Malaysia | |
Banks of the Philippines | PHP | 2500 PHP | Payment System Fee | Immediate | Banks of the Philippines | |
Banks of Indonesia | IDR | 200000 IDR | Payment System Fee | Immediate | Banks of Indonesia | |
Banks of Vietnam | VND | 300000 VND | Payment System Fee | Immediate | Banks of Vietnam | |
Banks of Thailand | THB | 500 THB | Payment System Fee | Immediate | Banks of Thailand | |
Banks of Nigeria | NGN | 5000 NGN | Payment System Fee | Immediate | Banks of Nigeria | |
Instant EFT | ZAR | 50 ZAR | No fees | Instant | Instant EFT |
The customer can check the rates applied for interbank transfers directly in his bank at any time.
FreshForex has no control over any additional fees charged by credit institutions.
Withdrawal methods
As with deposits, the list of withdrawal methods offers numerous solutions suitable for any need.
Withdrawal methods | Withdrawal currency | Fees | Deadline for receipt of funds | ||
---|---|---|---|---|---|
Cryptocurrencies | |||||
Bitcoin | BTC | 1% (minimum – 0.0001BTC) | Depends on the blockchain network | ||
Tether ERC20 | USDT | 0,5%+20 USD | Depends on the blockchain network | ||
Ethereum | ETH | 0.1% (minimum 3 USD, maximum 10 USD) | Depends on network blockchain | ||
Ripple | XRP | 0.1% (minimum 3 USD, maximum 10 USD) | Depends on network blockchain | ||
Tether TRC20 | USDT | 0.5%+1 USD | Depends on the blockchain network | ||
Zcash | ZEC | 0.1% (minimum 3 USD, maximum 10 USD) | Depends on network blockchain | ||
Bitcoin Cash | BCH | 0,5% (min 0.005 BCH) | Depends on the blockchain network | ||
Litecoin | LTC | 0,5% (min 0.015 LTC) | Depends on the blockchain network | ||
Electronic wallets | |||||
Webmoney | US Dollar | None | Immediate | ||
Neteller | USD EUR CNY | 2% (minimum 1 USD/1 EUR/10 CNY) | Immediate | ||
ADVCash | USD EUR RUB UAH KZT | 2% | Immediate | ||
Skrill | US Dollar | 1% (minimum 1 USD) | Immediate | ||
FasaPay | USD IDR | 0.5% | Immediate | ||
Perfect Money | USD EUR | 0.5% | Immediate | ||
OnlineNaira | NGN | None | Immediate | ||
Bank cards | |||||
Visa – Mastercard USD – EUR | USD – EUR | 2,5%+5 USD – EUR | 5 bank days | ||
Internet Banking | |||||
Banks of Malaysia | MYR | 3% (minimum 1 USD) | 5 bank days | ||
Banks of Indonesia | IDRO | 3% (minimum 1 USD) | Up to 5 bank days | ||
Banks of Vietnam | VND | 3% (minimum 1 USD) | 5 bank days | ||
Banks of Thailand | THB | 3% (minimum 1 USD) | Up to 5 bank days | ||
Banks of the Philippines | PHP | 3% (minimum 1 USD) | Up to 5 bank days | ||
Instant EFT | ZAR | 1% (minimum $1) | 5 bank days |
It is important to know that any withdrawal requests will be handled during business days from 05:00 to 14:00 EET (Eastern European Time: UTC+2 in winter, UTC+3 in summer).
The actual times for the receipt of funds to the customer’s bank details do not depend on the broker but on the selected payment method and the bank.
Bonuses and promotional offers
One of the main objectives of the broker is the creation of a stimulating trading environment full of opportunities, capable of supporting the client in any trading strategy.
FreshForex allows traders to take advantage of numerous promotional offers of various kinds.
A large, constantly updated list accessible to any category of trader.
- + 10% Crypto Deposit Bonus
- Offer that will give the customer a 10% bonus on each amount deposited in Crypto currency. The promotion is valid from 9 March 2022. The funds deriving from the promotion will be automatically credited to the applicant’s account. The maximum bonus amount is 500 USD or currency equivalent. The bonus cannot be withdrawn but only used for trading purposes. If the trader decides to withdraw more than 30% of the deposited funds, the company will remove the bonus from the account.
- Stop out insurance
- Caution is never too much! With this initiative, traders will be able to insure their funds in the event of loss and receive compensation equal to 50% of the insured amount. The offer can only be activated if there are no other promotions offered by the broker on the applicant’s account. Redemptions will not be subject to withdrawal and can only be used for trades. In order to be eligible for the promotion, the account must have a minimum balance of 500 USD or currency equivalent. The number of refunds is unlimited and the maximum amount you can receive from the promotion is 2500 USD.
- 300% deposit bonus
- An excellent opportunity to increase your trading volume. The offer allows you to receive an extra fund of 300% calculated on every deposit made over 100 USD. The offer is available until November 30, 2022 for Classic and Professional accounts not participating to other promotional initiatives. To have access to the initiative, the trader must verify his eligibility by checking the personal data and activate the promotion in the customer area. The funds deriving from the bonus can only be used for trading. The maximum amount that the customer can receive by joining the initiative is equal to 5,000 USD or equivalent currency.
- 101% withdrawal bonus
- Starting from a minimum deposit of $101 you will receive an extra fund equal to 101% of the amount credited to your account. For detailed information, visit the official website.
- No Deposit Bonus $2021
- Offer dedicated to new members who, by opening a first Classic – Professional – ECN account, will instantly receive $2021 to use in trading without having to make any initial deposit. The funds deriving from the promotion cannot be withdrawn and the trader can only use them for his trades. Any profits may be freely withdrawn provided that the terms and conditions of use are met.
- Cashback
- By requesting the offer, traders will be able to insure their trades and obtain discounts on spreads up to a maximum of $20. The promotion is compatible with Classic MT4, Classic MT5 and Professional MT4 accounts that are not linked to other promotions. In addition, it can be activated on an unlimited number of accounts. The structure of the initiative provides for different reimbursements based on the outcome of each orders and the trader will be able to decide which of these is the most suitable for his needs: $20 cashback for each batch of losing operations, $10 cashback on each lot that generated a profit, $5 cashback on each closed trade.
- Oil zero fees
- Exclusive limited time promotional offer that allows traders to trade oil without incurring rollover fees. “Oil zero fees” is available for all account types. During trading you will not be charged additional fees arising from Swap and Swap Free for positions carried over to the next day.
- Battle of Profits
- Contest that will allow traders to try their hand at an exciting competition, using any means, strategy and knowledge, the trader will have to give all of himself to be able to reach the goal. The winner will be awarded a prize of $180,000. All customers who have met the minimum requirements will be able to join the initiative and win the prize: minimum deposit of 180 USD, make a total volume of new transactions equal to a minimum of 1.80 standard lots (180 lots for ProCent accounts). The trader who have the highest profits will win the prize (to find out in detail the conditions of the offer, visit the official website).
- Club Goldman
- Designed for professional traders who need high level trading conditions. Available only for VIP clients, the club offers the following benefits: no commissions on deposits and withdrawals, customizable leverage, 20% cashback, personal advisor, lightning fast withdrawals, infinite number of orders, instant deposits with advance payment. To be eligible and have access to the club, traders must make a monthly total deposits of a minimum of $10,000 as well as accepting the terms and conditions.