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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

3.8
/ 5

FRESHFOREX review

Updated on Avr 1, 2024
|
10 mins read

Overview

Fresh Forex is a well-known online forex broker that has been operating in the financial markets since 2004.  The company provides forex trading services to clients worldwide and...
See full overview for FRESHFOREX
Countries
+158
Devices
Our Verdict
3.8
/ 5
Commissions & Fees
4
/ 5
Deposit & Withdrawal
3.8
/ 5
Customer Support
3.8
/ 5
Account Opening
3.8
/ 5
Regulation & Safety
3.5
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Regulated Broker: Fresh Forex is a regulated broker, providing traders with a sense of security and reliability in their operations.

  • Multiple Trading Platforms: Fresh Forex offers traders the popular MetaTrader 4 and 5 platforms on desktop, web, and mobile devices.

  • Wide Range of Assets: Traders have access to a variety of assets, including forex, commodities, indices, and cryptocurrencies.

  • Competitive Spreads: Fresh Forex offers competitive spreads starting from as low as 0.1 pips for major forex pairs.

  • Flexible Leverage: Traders can access up to 1:2000 leverage, which provides an opportunity to magnify potential profits.

Cons

  • Limited Customer Support: Fresh Forex only offers customer support during working hours, which may be inconvenient for traders in different time zones.

  • No US and Canada Clients: Fresh Forex does not accept clients from the United States and Canada, limiting its reach to traders from these regions.

  • Commission on CFD Trades: Fresh Forex charges a commission on CFD trades, which can increase trading costs.

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
ECN accounts
Swap free accounts
VIP accounts
Execution Model
NDD
MM
Deposit currency
USD
EUR
RUB
Regulatory complience
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Indonesian
Chinese
Russian
Autotrading
Contact details
[email protected] +442070992124

Customer reviews

Overall
score
0
/ 5
0 reviews

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Accounts

Type of Trading Accounts

  • Unlimited Demo Accounts: Fresh Forex offers an unlimited demo account for traders who want to practice trading before investing real money. This is a great feature for beginners or traders who want to test new trading strategies without risking their capital. The demo account is available for all trading platforms offered by Fresh Forex, and it provides access to real market conditions with virtual funds.
  • Standard Accounts: The standard trading account is the most common account type offered by Fresh Forex. It is suitable for traders of all levels and provides access to various trading instruments, including Forex, commodities, and indices. Standard accounts have competitive spreads, flexible leverage options, and no hidden fees. The minimum deposit required for a standard account is $10, making it accessible to traders with different budgets.
  • ECN Accounts: For traders who want faster execution and lower spreads, Fresh Forex offers an ECN account. This account type uses electronic communication networks (ECNs) to connect traders directly to liquidity providers, eliminating the need for a middleman. As a result, ECN accounts have tighter spreads and lower trading costs compared to standard accounts. However, the minimum deposit required for an ECN account is higher at $200.
  • Swap-Free Accounts: Fresh Forex also offers swap-free accounts for traders who follow Islamic finance principles. These accounts are designed to comply with Sharia law, which prohibits the payment or receipt of interest. Swap-free accounts do not incur rollover fees for positions held overnight, making them an attractive option for traders who want to avoid these fees.
  • VIP Accounts: Fresh Forex offers VIP accounts with unique features and benefits for high-volume traders. These accounts have lower spreads, higher leverage, and personal account managers to provide tailored support. To qualify for a VIP account, traders must meet certain trading volume requirements, which the broker specifies. VIP accounts are an excellent option for experienced traders who want to take their trading to the next level.
Market Pro - Fresh Forex
Phone trading
Trading Platforms
METATRADER 4
Deposit currency
USD
EUR
RUB
Stop Out
20%
Minimum position size
0.01 lots
Maximum position size
100 lots
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
40%
Locked Margin Level
25%
Commission
No
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Classic - FreshForex
Swap-free account
Availability of a VIP account
Trading Platforms
METATRADER 4
Deposit currency
USD
EUR
RUB
Trading instruments
Forex
1:1000
Number of currency pairs: 37
ARS
DKK
AUD
BBD
BGN
USD
CAD
CHF
CLP
CNY
CZK
EUR
PLN
AED
EGP
GBP
HKD
HUF
ILS
INR
JPY
KWD
MXN
NOK
NZD
RON
RUB
SEK
SGD
THB
TRY
ZAR
ISK
SYP
TND
TWD
UAH
1:1000
1:1000
1:1000
Binary Options
Stop Out
20%
Minimum position size
0.01 lots
Maximum position size
20 lots
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100%
Locked Margin Level
50%
Commission
No
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Tradable instruments

Tradable instruments on FreshForex trading platforms include:

  • Metals
  • Energies
Currencies
N/A
Indices
10
Stocks
70
Cryptocurrencies
N/A
Futures
N/A
Options
N/A
ETF
N/A
Frequently asked questions

Find the right answer to your question below.

When can I contact the Fresh Forex customer support team?

The Fresh Forex customer support team is available 24/5 to assist clients with any inquiries or issues they may have. You can contact them during business hours from Monday to Friday via telephone, email, or live chat. 

Additionally, the Fresh Forex website has an extensive FAQ section that provides answers to commonly asked questions, which may be helpful before contacting customer support.

How can I open a Fresh Forex trading account?

To open a trading account with Fresh Forex, follow these simple steps:

 

  • Visit the Fresh Forex website and click on the « Register » button.

  • Fill out the registration form with your personal information.

  • Verify your email address and phone number.

  • Choose the account type that best suits your trading needs.

  • Provide the necessary documentation to verify your identity.

  • Make your first deposit and start trading.

Does Fresh Forex Support US and Canadian Clients?

Fresh Forex does not support clients from the United States and Canada. This is due to regulatory restrictions and requirements in those countries. Fresh Forex is committed to complying with all applicable laws and regulations in the jurisdictions in which it operates. As such, it is not able to provide services to clients in the United States and Canada at this time.

FRESHFOREX compared with alternative brokers

To see the full broker review click « See review », to see the complete table and compare more brokers visit our Comparison page.

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  • Safety
  • Top-tier regulators
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