deposit:
- $1
Trading platform:
- MT4
- MT5
- 300%
deposit:
- $1
Trading platform:
- MT4
- MT5
- 300%
Note!
We’ve identified your country as US
Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.
We’ve selected the Top 5 Best Brokers in US for you:
Summary of FreshForex Trading Company
FreshForex is a reliable broker with the TU Overall Score of 7.61 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FreshForex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. FreshForex ranks 32 among 395 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
FreshForex is a reliable Forex broker providing a standard set of trading tools. The company is a good option for traders of all levels, from beginner to professional traders. It is mid-range in terms of size and number of registered traders and they are reliable based on our research and analysis.
FreshForex has been operating since 2004. The broker is registered in Kingstown, Saint Vincent, and the Grenadines. FreshForex has won more than 20 International awards and these achievements include Best Trading Conditions according to FXDailyInfo in 2016 and Best Bonus Program in 2017.
💰 Account currency: | US dollars (USD), euro (EUR) |
---|---|
🚀 Minimum deposit: | From 0 US dollars |
⚖️ Leverage: | Up to 1:2000 |
💱 Spread: | Fixed (from 2 pips), floating (from 0,9 pip), maximum low (from 0 pip) |
🔧 Instruments: | Forex currency, CFD for precious metals, shares, energy products |
💹 Margin Call / Stop Out: | 100% / 20%; 100% / 40%; 100% / 60% |
👍 Advantages of trading with FreshForex:
- favorable trading conditions;
- work with the liquidity providers having a European license;
- 130 instruments for trading: Forex instruments, CFDs on precious metals, energy products, and indices, as well as corporate shares;
- spreads from 0 pips;
- the ability to replenish the account and withdraw funds quickly;
- bonuses and offers;
- easy to use the software that is available on your desktop computer, laptop, tablet, or smartphone.
👎 Disadvantages of FreshForex:
- customer service works 24 hours although not on weekends;
- no cryptocurrency for trading;
- no investment programs;
- access to the affiliate group is not available via the Traders Union.
Evaluation of the most influential parameters of FreshForex
Trade with this broker, if:
- You prefer easy-to-use software accessible on various devices like desktop computers, laptops, tablets, or smartphones.
- You are looking for brokers offering attractive trading conditions, including tight spreads, leverage up to 1:2000, and commission-free deposits.
Do not trade with this broker, if:
- Regulatory concerns are crucial for you, as the broker lacks reputable regulators such as the FCA, CySEC, or ASIC.
- You are interested in trading cryptocurrencies, as this broker does not provide that option.
Table of Contents
Geographic Distribution of FreshForex Traders
Popularity in
Video Review of FreshForex i
Operating since 2004 out of Saint Vincent and the Grenadines, FreshForex is a good all-around option for traders of all levels. With a user-friendly interface and a range of account types to suit various trading styles, FreshForex caters to both novice and experienced traders.
One of the standout features of FreshForex is its competitive trading conditions, offering low spreads and fast execution speeds, which are crucial for traders looking to capitalize on market movements. Additionally, the broker provides access to a wide range of trading instruments, including currency pairs, and CFDs on commodities, stocks, indices, and cryptocurrencies.
FreshForex offers a competitive range of account types, including the Classic account and a flexible demo account for beginners. Experienced traders can choose from its ECN and Market Pro options. Traders also get a choice of platforms, including the popular MT4 and MT5, plus Huckster EA shop. Algorithmic traders have access to the broker’s VPS server.
However, FreshForex does have some drawbacks. The lack of regulatory oversight from major financial authorities may deter some traders who prioritize security and trustworthiness in their broker. Additionally, while the platform is user-friendly, it may lack some of the advanced features and tools offered by other brokers. Plus, it gets mixed reviews on customer support with reports of slow response times and difficulties with withdrawals, as reflected in its 2.5-star rating on Trustpilot.
FreshForex Latest Comments for 2024 i
- Best
- Last
- Oldest
Expert Review of FreshForex
This company is a proven partner of the Traders Union, the broker strictly fulfills its obligations for our traders and has been consistent for years. There are no hidden payments to the company, lucrative offers, and various bonus programs are provided. However, sometimes there are failures of both the trading platform and Personal account, but this is not the crucial factor.
The quality of the customer service is of a high standard, good materials on market analysis and trading information and training are provided, comfortable trading conditions - all these features can characterize FreshForex broker. This is beneficial for beginners to master the market and build a career, and experienced traders - to move up the career ladder confidently. However, FreshForex is not popular among the major investors, it is more preferred by beginner traders.
There are more than a hundred tools that they have on offer. However, FreshForex will not work for the fans of cryptocurrency as it does not provide these trading instruments. You can test your strengths at FreshForex with minimal risk not only on a demo account but also at the real market, starting with a deposit of 1 US dollar. There are no minimum amount of restrictions, also, you can pre-test the effectiveness of the strategy and master the software using a demoor cent account.
There are a lot of training materials on the official FreshForex website: from self-help instructions to video lessons. This Forex broker has also taken care of providing traders with analytical data by placing a set of effective market analysis tools in the corresponding section of the site.
FreshForex quickly updates quotes, works only with liquidity providers having the license of the European standard - it is another positive feature that is worth mentioning regarding this broker.
Latest FreshForex News
Dynamics of FreshForex’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
The absence of the investment programs is a weakness of the FreshForex company. Previously, Fresh Forex provided an opportunity for passive investment up until 2016 but later closed it. At the moment, passive trading with this broker is possible only with the use of automatic advisers.
Flagman Invest is FreshForex investment platform that is now closed.
The main reason for the closure of the Flagman Invest platform was an in-depth analysis of the operation of PAMM services on the part of the company which showed that, in most cases, investors suffer losses.
The abandonment of the investment platform has made it possible for FreshForex to significantly minimize customer risks and make the bidding process as transparent as possible. Also, the level of security of trading operations has increased significantly.
Taking into account the situation that developed during the operation of the platform and taking into account the results that the company managed to achieve after its closure, this decision is a positive move for traders. and demonstrates the high level of responsibility that the company operates.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
FreshForex affiliate programs
To make money with FreshForex, you do not have to be a trader. The company offers favorable partnership conditions that will help ensure passive income for each internet-user. FreshForex offers several affiliate programs:
-
as a reward for attracting clients you can receive a part of the spread paid to the broker, and sometimes the whole spread;
-
Web-partnership - for the owners of blogs, sites, and active participants in various forums this is a profitable option without risk. All you need is to recommend the company at the right time, place a banner or give a link to a potential client;
-
CPS is a beneficial affiliate program offer. For each attracted customer who will be verified and make 50 transactions, the partner receives 50 US dollars;
-
CPM - FreshForex pays for every 1,000 exposes to large resources. The owner only needs to place the broker's promotional material on his or her website or YouTube channel to receive up to 10 US dollars;
-
for those who want to launch a personal brand at the market, the White Label will be a great opportunity. Within the framework of this program, FreshForex provides online trading services, as well as software. Due to this, the cost of bidding will be reduced significantly. Also, individual bonuses are provided.
Trading Conditions for FreshForex Users
Trading conditions at FreshForex are fairly comfortable for both novice and experienced traders. The trader can determine the minimum deposit amount independently, regardless of the type of account. The leverage is 1:25 - 1: 2000.
$1
Minimum
deposit
1:2000
Leverage
24/5
Support
💻 Trading platform: | МТ4, МТ5 |
---|---|
📊 Accounts: | Demo, Cent, Classic, Pro, ECN |
💰 Account currency: | US dollars (USD), euro (EUR) |
💵 Replenishment / Withdrawal: | Bank cards, electronic payment system, Internet-banks, mobile payment SMS |
🚀 Minimum deposit: | From 0 US dollars |
⚖️ Leverage: | Up to 1:2000 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0,01 |
💱 Spread: | Fixed (from 2 pips), floating (from 0,9 pip), maximum low (from 0 pip) |
🔧 Instruments: | Forex currency, CFD for precious metals, shares, energy products |
💹 Margin Call / Stop Out: | 100% / 20%; 100% / 40%; 100% / 60% |
🏛 Liquidity provider: | MarketPlace |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Execution (NDD), market execution — no requotes |
⭐ Trading features: | Automated trading with advisers; Free analytical reviews; No commission is charged; Trade through Telegram. |
🎁 Contests and bonuses: | 200% for each replenishment. Insurance from stop out, cashback — 101% under drawdown |
Comparison of FreshForex with other Brokers
FreshForex | RoboForex | Exness | FxPro | Eightcap | IC Markets | |
Trading platform |
MT4, MobileTrading | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5 | MT4, cTrader, MT5, TradingView |
Min deposit | No | $10 | $10 | $100 | $100 | $200 |
Leverage |
From 1:25 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 1 point | From 0 points | From 0 points | From 0 points |
Level of margin call / stop out |
40% / 20% | 60% / 40% | No / 60% | 25% / 20% | 80% / 50% | 100% / 50% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | $30 | No | No | No | No | No |
Cent accounts | Yes | Yes | No | No | No | No |
Broker comparison table of trading instruments
FreshForex | RoboForex | Exness | FxPro | Eightcap | IC Markets | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | No | No | Yes | Yes | Yes | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
FreshForex Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
ECN | From $0 | Yes |
Classic | From $20 | Yes |
Pro | From $9 | Yes |
The company allows you to open an account of the Swap-Free type as well. Swaps are not accrued there: when a position is transferred, the trader pays only the commission that is not tied to interest rates on currencies. This is convenient for both “Islamic trade”, and for long-term trading. To provide you with a broad picture we have compared the trading commissions at FreshForex with similar features of competitors. Based on the comparison, each broker in this category was assigned a level from low to high.
Broker | Average commission | Level |
FreshForex | $15 | High |
RoboForex | $1 | Low |
Pocket Option | $8.5 | Medium |
Detailed Review of FreshForex
FreshForex is one of the most famous Forex brokers in the CIS territory. FreshForex has been providing services for traders since 2004. During this time, the company has earned an excellent reputation amongst traders on the Forex Market due to its secure currency and securities and that it has been operating for over ten years. Due to the transparency of trading conditions, a free demo account, and the absence of restrictions on the minimum deposit (you can start trading on any account even with 1 US dollar), beginner traders can be confident to trade with low risk and accelerate a trader’s career at FreshForex. With its excellent conditions, most reviews about Fresh Forex are positive, and the company has earned many prestigious awards.
FreshForex is suitable for beginner traders
FreshForex places a large focus on beginner traders than on professional major investors. The customer reviews on this company show that they choose this broker because of the good trading conditions, the opportunity to not only open a free demo account but also to have a shot at the real market with minimal risks by opening a cent trading account. Also, beginners mention a large educational section on the FreshForex website dedicated to the traders' education and training.
The company also provides bonus programs and free analytics. While fast execution of orders is one of the main advantages of this broker.
FreshForex trading terminals and services:
-
MetaTrader4/5 is one of the most popular trading terminals, which is appreciated for its ease of use and functionality. It allows you to work in financial markets, as well as with CFDs and futures. Also, the platform makes it possible to use, and even create by yourself, programs for automated trading. The platform works on all widespread operating systems: Android, iOS, MacOs, Windows, and Linux;
-
Web-terminal - the broker offers to use the web version of the MetaTrader 4 trading terminal, which is equipped with a large set of functions and has a high level of security. Advantages of the platform are the absence of the need to install it on a PC or smartphone/tablet, the possibility to trade from any type of account, as well as the availability of many trading instruments;
-
VPS-server from FreshForex - for uninterrupted operation. By renting an allocated virtual server, you can work with automated trading systems more efficiently. It provides round-the-clock high-speed Internet and gives access to all functions of the terminal from any device. To make it easier for traders to decide whether they need this service, the broker allows you to rent it for free for a day;
-
FreshForex Easy bot - for easy Forex trading. This is a virtual assistant that will allow you not to waste time analyzing charts: it will collect and show only relevant information. However, you should not fully trust automated programs and rely wholly on their recommendations because the data collected and provided by the bot can turn out to be inaccurate.
Advantages:
when replenishing an account, no commission is charged;
the ability to trade through Telegram is available;
spreads, both fixed and floating, from 0 pips;
unlimited and free access to virtual trading to test the functionality of the platform;
over 130 trading instruments;
unique bonus programs for existing traders and beginners;
free analytical reviews;
open information about liquidity providers;
more than 1 billion completed transactions;
more than 12 years of work in the CIS market;
there are no restrictions on the minimum deposit when opening any type of account: the broker only gives recommendations regarding the amount to be replenished.
FreshForex, as well as some other brokers, provide quick processing of an application for withdrawal of profits. It takes 10 minutes. Sometimes there are delays due to technical failure.
Traders, being the clients of the company, are provided with the vast choice of instruments for the trading:
currency pairs;
futures contracts for precious metals;
stock indices;
CFD on securities;
futures for oil and natural gas.
FreshForex does not provide the ability to trade cryptocurrencies. For now, the company has not implemented these instruments for trading, thus losing to its competitors.
How to Start Making Profits — Guide for Traders
For comfortable work, a trader is provided with several types of trading accounts:
It is important to note that the amount of leverage depends on the type of account from which trading is conducted. Before opening the main account, it is recommended that you familiarize yourself with the potential of the broker and the functionality of the platform at the training demo account to avoid problems.
To increase the percentage of successful transactions conducted by traders the FreshForex provides up-to-date analytical data in the Analytics section on the official website. It contains many tools that will help you understand the market state.
To make it easier to decide on FreshForex, we recommend you to study not only the trading conditions of this broker but also the reviews of its customers that you can find on the page below.
Bonuses Paid by the Broker
Insurance from Stop-out
FreshForex will compensate 50% of the insured deposit amounts.
200% for each replenishment
All the clients, both new and regular, are offered a bonus in the amount of 200% from the sum upon each replenishment of the account from 500 US dollars.
101%
101% under drawdown upon the replenishment from 500 US dollars and 30% upon replenishment for 100 US dollars.
No commission
No commission for the balance replenishment.
Cashback
By connecting to this service you can return spread up to 100%.
120% per annum on margin
The larger the closed volume of transactions is, the more additional funds the broker credits. The bonus percentage can be either put into the trade at the foreign exchange market or withdrawn.
Goldman
Goldman is a premium club that members can trade on individual terms. Among the available privileges are a personal consultant, an unlimited number of orders, and individual leverage.
Everyday analytics in Telegram
Everyday analytics in Telegram: 5 channels — 5 types of analysis.
Investment Education Online
A separate Training section has been created on the official website, where traders can find useful materials to increase their level of knowledge as well as the Analytics section with many tools.
Security (Protection for Investors)
FreshForex is not regulated or licensed by any reputable financial authority. This poses a higher risk for traders as there is no regulator overseeing the broker's activities and ensuring traders' funds are protected.
👍 Advantages
- Flexibility in products/leverage
- Ease of access
- Fewer compliance procedures
👎 Disadvantages
- No regulatory protections for traders' funds in case of insolvency.
- Limited transparency into the broker's operations and financials
- No external dispute resolution options
Withdrawal Options and Fees
-
An application for withdrawal of funds is processed within 10 minutes from the moment of its receipt during the working hours of the company (06:00 am - 3:00 pm, except weekends and holidays).
-
After confirming the application, funds are transferred to the specified details by the regulations of the selected payment system.
-
The funds ordered for withdrawal are debited from the balance sheet immediately upon the creation of the application.
-
An application for withdrawal of funds can be canceled through your account, but only if it has not been processed yet.
-
In ePayService, as well as Bitcoin, you can withdraw funds without restrictions on the amount. Other payment systems, including wallets and bank cards, have a limit on the withdrawal amount and the number of withdrawals per day.
Customer Support Service
Customer service of the broker is ready to consult and help traders around the clock 5 days a week.
👍 Advantages
- There are online chat and telephone support
- Multi-Language support
👎 Disadvantages
- Does not work on weekends
- You need to wait for a free operator in the chat
You can contact customer service in several ways:
-
by telephone numbers, indicated at the site;
-
in an online chat at the broker’s site;
-
using the contact form.
Contacts
Registration address | St. Vincent and the Grenadines, Kingstown, Beachmont, P.O. Box 1510, Suite 305, Griffith Corporate Centre |
Official site | freshforex.com |
Contacts |
Email:
info@freshforex.com,
Phone: +442070992124 |
Review of the Personal Cabinet of FreshForex
To start working with FreshForex it is necessary:
To register at the Traders Union site and go to the broker’s site using the affiliate link. To press the Open account on the main page.
Register on the broker's website, indicating the following information: a phone number that will be used as a login, last name and first name, email address. A confirmation number will be sent to the specified phone number or mail (at the choice of the trader), after entering this confirmation number the registration is completed.
Important notice: Before replenishment of the account, it is necessary to go through verification.The following options are available in FreshForex Personal account:
There are also many other useful functions and opportunities here:
-
analytics, updated every 1-3 minutes. The section has a calendar that will help you find news in the archive;
-
effectiveness and profitability statistics for affiliate programs with infographics;
-
customer service.
The FreshForex personal account interface requires improvement to become more user-friendly. The information in the personal account is not structured, this has caused frustration for some traders.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
User Reviews of FreshForex i
Register on the website and sign in to submit a review about your experience of working with a broker. Everyone is welcome to post a review.
See related articles in our country selection:
Articles that may help you
FAQs
Do reviews by traders influence the FreshForex rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FreshForex you need to go to the broker's profile.
How to leave a review about FreshForex on the Traders Union website?
To leave a review about FreshForex, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about FreshForex on a non-Traders Union client?
Anyone can leave feedback about FreshForex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.