Score
FreshForex
Saint Vincent and the Grenadines|5-10 years| https://freshforex.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
FreshForex-MT5
Influence
B
Influence index NO.1
Bangladesh 6.02MT4/5 Identification
MT4/5 Identification
Full License
FranceInfluence
Influence
B
Influence index NO.1
Bangladesh 6.02Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Bulgaria
South Africa
Nigeria
freshforex.org
Server Location
United States
Website Domain Name
freshforex.org
Server IP
104.28.25.84
-
freshforex.com
Server Location
United States
Most visited countries/areas
India
Website Domain Name
freshforex.com
Website
WHOIS.VERISIGN-GRS.COM
Company
INTERNET DOMAIN SERVICE BS CORP
Domain Effective Date
2009-07-09
Server IP
104.31.80.159
-
freshforex.cn
Server Location
France
Website Domain Name
freshforex.cn
Website
WHOIS.CNNIC.CN
Company
KEY-SYSTEMS
Domain Effective Date
0001-01-01
Server IP
46.105.198.210
Company Summary
| FreshForex Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, crytos, stocks, indices |
| Demo Account | Available |
| Leverage | 1:2000 |
| EUR/ USD Spreads | 2.0 pips (Classic account) |
| Trading Platforms | MT4 and MT5 |
| Minimum Deposit | Free |
| Customer Support | Phone, email, live chat |
What is FreshForex？
FreshForex, an online brokerage platform, offers a wide range of trading instruments. They provide their clients with the popular MT4 and MT5, known for their advanced features and user-friendly interface.
However, it is important to note that FreshForex currently operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
In this article, we will examine the attributes of FreshForex from different angles, presenting you with concise and well-organized information. If you are interested, please continue reading. Towards the end of the article, we will also provide a brief summary, allowing you to grasp the key characteristics of the broker easily.
Pros & Cons
| Pros | Cons |
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Pros:
- Account Variety: FreshForex offers a variety of trading accounts, giving investors options to choose from based on their preferences and trading strategies.
- MT4 and MT5 Supported: FreshForex supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely recognized and popular among traders for their advanced features and user-friendly interface.
- Live Chat Support: FreshForex provides live chat support, allowing traders to easily communicate with customer service representatives and get real-time assistance with their queries or concerns.
Cons:
- Not Regulated: One of the major drawbacks of FreshForex is that it currently operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
- Reports of Scams and Unable to Withdraw: There have been reports from customers about scams and difficulties in withdrawing funds when dealing with FreshForex. These reports highlight the potential risks involved with investing in an unregulated broker.
- No Social Media Presence: FreshForex does not have an active presence on social media platforms. This may limit the availability of information and updates about the broker's services, promotions, and market insights, which could be a disadvantage for traders who rely on social media for relevant market information.
Is FreshForex Safe or Scam？
FreshForex is currently operating without proper regulation, indicating a lack of oversight from government or financial authorities. This lack of regulation brings about risks when considering investing with them.
Therefore, it is recommended to conduct comprehensive research and carefully evaluate the potential risks and rewards before deciding to invest. It is generally advisable to choose regulated brokers to ensure the safety and protection of your funds.
Market Instruments
FreshForex offers a wide range of trading instruments across various asset classes. Here are some of the trading instruments available:
- Currencies (Forex): FreshForex provides access to major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.
- Cryptocurrencies: FreshForex allows trading in popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more. You can trade crypto against both USD and other cryptocurrencies.
- Stocks: FreshForex offers trading on a range of stocks listed on major global stock exchanges. You can trade shares of companies like Apple, Microsoft, Amazon, Google, and many others.
- Indices: FreshForex allows you to trade CFDs (Contracts for Difference) on various global stock indices such as the S&P 500, DAX, and more. This provides an opportunity to speculate on the performance of specific markets or sectors.
- Metals: FreshForex offers trading in precious metals like gold, silver, and palladium. These metals are often seen as a safe-haven investment and can be traded against major currencies.
Account Types
| TYPE OF ACCOUNT | CLASSIC | MARKET PRO | ECN |
| Minimal deposit: | No(recommended from 200$) | No(recommended from 400$) | No(recommended from 2000$) |
| Quotation accuracy: | 4 / 2 symbols (0.1234) | 5 / 3 symbols (0.12345) | |
| Min. Limit & Stop Level1: | The same as spread | No | No (trading inside spread is allowed) |
| Margin Call / Stop Out: | 100% / 20% | 100% / 40% | 100% / 60% |
| Max. order size: | 20 lots(2 mln. in base currency) | 100 lots(10 mln. in base currency) | 10 000 lots(1 bln in base currency) |
Besides, FreshForex also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.
Leverage
FreshForex provides a maximum leverage of 1:2000, meaning traders can potentially control a position size up to 2000 times larger than their invested capital. Leverage allows traders to amplify their potential profits by utilizing borrowed funds from the broker. This can be attractive to traders seeking higher returns with a smaller initial investment.
However, it is important to understand that while high leverage can lead to significant profits, it also comes with increased risks. The higher the leverage, the greater the potential for both gains and losses. Traders is supposed to be aware that losses can also be magnified, and even a small unfavorable price movement can result in a substantial loss.
Spreads & Commissions
Spreads on FreshForex Classic accounts are 2 pips on EURUSD, 3 pips on GBPUSD, and 2 pips on USDJPY. Spreads on Market Pro accounts are 1 pip on EURUSD, 1 pip on GBPUSD, and 1 pip on USDJPY. Commissios on Forex trading on ECN accounts is between 0.0030% and 0.0045%, respectively.
| TYPE OF ACCOUNT | CLASSIC | MARKET PRO | ECN |
| Spreads: | Fixed (from 2 pips.) | Floating (from 0,9 pips.) | Lowest spreads (from 0 pips ) |
| Comission: | No | From 0.003% per contract | |
Trading Platforms
FreshForex offers its clients the popular MT4 and MT5. These platforms are widely recognized in the industry for their advanced features, user-friendly interface, and extensive trading capabilities.
MetaTrader 4 (MT4):
MT4 is a well-known and widely used trading platform, offering a comprehensive set of tools for traders of all levels. It provides a range of features such as real-time price quotes and various order types for efficient trade execution.
MetaTrader 5 (MT5):
MT5 is the successor to MT4 and offers even more advanced features and capabilities. In addition to everything available in MT4, MT5 provides access to additional markets, including stocks and futures. It offers a more extensive selection of technical indicators and charting tools for in-depth analysis. Like MT4, MT5 allows for the creation and use of EAs, offering the flexibility to automate trading strategies.
Deposits & Withdrawals
FreshForex supports several deposit and withdrawal methods, which traders can choose flexibly according to their actual needs. The main deposit and withdrawal methods are Visa/MasterCard, WebMoney, Skrill, NETELLER, FasaPay, Perfect Money, Bitcoin, etc.
For instance, the user pays 2.5% + 5 EUR/USD for withdrawal via Visa/MasterCard, 0.8% for withdrawal via WebMoney (up to 50 USD), 0.5% for withdrawal via Skrill, 0.5% for withdrawal via Perfect Money, and 1% for withdrawal via Bitcoin. 1% fee for withdrawals via TBY.
User Exposure on WikiFX
Please ensure to review the information provided on our website, which includes reports of scams and difficulties in withdrawing funds. It is highly recommended for traders to thoroughly evaluate the available information and carefully consider the risks involved in trading on an unregulated platform. Before engaging in any trades, it is advisable to check our platform for relevant information. If you come across any fraudulent brokers or have personally experienced such issues, kindly inform us through the Exposure section. We value your feedback and our team of experts will make every effort to address and resolve the problem for you.
Customer Service
FreshForex offers a live chat feature (available 24/5), enabling customers to promptly receive assistance and have their inquiries addressed. This convenient and efficient communication channel enhances customer satisfaction and potentially boosts sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +44 2070992124
Email: info@freshforex.com
Additionally, FreshForex provides a Frequently Asked Questions (FAQ) section on their website to assist clients with commonly raised questions and provide pertinent information. The FAQ section serves to address common concerns and queries regarding the companys services, procedures, and investment options. Through this resource, FreshForex aims to foster transparency and clarity, empowering clients to make well-informed decisions.
Conclusion
In conclusion, it is important to exercise caution when considering FreshForex as an investment platform. At present, FreshForex operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
While FreshForex offers a wide range of trading instruments and popular trading platforms like MT4 and MT5, the absence of regulatory oversight means that investors may face increased risks, including potential difficulties in withdrawal and the possibility of falling victim to scams.
Frequently Asked Questions (FAQs)
| Q 1: | Is FreshForex regulated？ |
| A 1: | No. |
| Q 2: | How can I contact the customer support team at FreshForex？ |
| A 2: | You can contact via phone, +44 2070992124 and email, info@freshforex.com. |
| Q 3: | Does FreshForex offer demo accounts？ |
| A 3: | Yes. |
| Q 4: | Does FreshForex offer the industry leading MT4 & MT5？ |
| A 4: | Yes. FreshForex offers MT4 and MT5. |
| Q 5: | What is the minimum deposit for FreshForex？ |
| A 5: | The minimum deposit of FreshForexs accounts is free. |
| Q 6: | Is FreshForex a good broker for beginners？ |
| A 6: | No. It is not an ideal choice for beginners because of its unregulated condition. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 5-10 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
News
News CHANGES IN TRADING SCHEDULE ON JULY 3–4
Freshforex broker that is offering traders with products you would like to trade on, such as Forex, CFD and Crypto for your best choice. Is hereby announcing the change of some trading hours for their products as a result of Independence Day in US on 4th July. Therefore, clients are advised to be aware of the changes.
2023-07-04 10:23
News NATURAL INTEREST IN ARTIFICIAL INTELLIGENCE
It is the intelligence created by nature, natural evolutionary mechanisms, as biological intelligence embodied as the brain, animal and human and any hypothetical alien intelligence.
2023-02-15 15:16
News CHANGES IN THE TRADING SCHEDULE ON JANUARY 16
FreshForex is a broker offering forex through several account types and the MT4 platform. In line with the upcoming celebration of Martin Luther King Day in the United States on January 16, this broker too has informed it's clients that there will be changes in the schedule of trading sessions.
2023-01-16 09:55
News WAYS TO GO: ECB'S HIGHEST RATE IN 13 YEARS
To all Traders, kindly be informed that, The European Central Bank raised its key rate by 50 basis points to 2.5%. This is the highest rate since January 2009. The central bank warns that aggressive rate hikes are far from over. Like the US Federal Reserve, the ECB expects to bring inflation to the level of 2%. Experts expect to see the final rate in the region of 3.5%.
2022-12-19 18:35
News CALL FOR SEMINAR TITLED: HOW TO TRADE ON ECONOMIC EVENTS
FreshForex is a broker offering forex and CFD trading through several account types and the MT4 platform. Although the broker doesn't seem to be fully regulated based on our investigation, it still offers some educational articles for its clients.
2022-11-24 19:00
News WIKIFX REPORT: CHANGES IN THE TRADING SCHEDULE ON NOVEMBER 7
A recent announcement was made by freshforex broker to inform their clients and general public regarding their change in the trading schedule, mentioning that users should note that the current trading server time corresponds to Eastern European Time (EET) — UTC+2.
2022-11-07 11:40
Review 22
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Mayaz Ahmad
Bangladesh
Many complains have been received against this broker that it is a scam and uses fraudulent techniques to steal money from people's account. Stay away from this broker.
Exposure
2021-06-14
FX4270156452
Vietnam
Can't withdraw funds cause my account is wrong. But I used this account, how can it be wrong?
Exposure
2020-11-23
Alexia
United States
A lot of things are wrong about FreshForex and it still got good reviews, I’ll say their educational materials are really good to learn but apart from that it’s a bad platform, I literally lost my money here, it’s impossible to withdraw I was restricted for no reason, I contacted their support and submitted my informations but they didn’t allow me into my account after that, I now made $9,500 weekly from benarmstrong-trades. com and they allow me withdraw that’s was why I stop using FreshForex
Neutral
2023-03-07
FX1289289812
India
Freshforex offers a wide range of markets to trade, I remembered. But what annoyed me most when I traded with this broker was that their customer support staff was quite unhelpful when it comes to withdrawals.
Neutral
2023-02-27
Mila7356
United States
Saint Vincent and the Grenadines... in my opinion, this is a notorious country for accommodating many forex scammers. According to the contents on wikifx, FreshForex is also not an exception.. those terrible liars!
Neutral
2023-02-16
张雅琪 15810128397
Morocco
I haven't been with this company for a long time, I submitted my first withdrawal about a week ago and my money didn't arrive until today. freshforex has been saying "there are some uncontrollable abnormal factors" and claims they have been working hard... but the speed is very disappointing. am i cheated
Neutral
2022-11-21
Padma1438
Germany
As a greenhorn trader stepping into the labyrinth of forex, FreshForex extends an open hand of opportunity. Their swift trade execution unravels a canvas of possibility, while the allure of tight spreads forms a tranquil backdrop. Should you find yourself at the threshold of your trading journey, don't shy away from testing your mettle in their arena.
Positive
2023-08-30
Gonca
Germany
During my early days in forex trading, a friend's recommendation led me to FreshForex. Despite initial doubts, real-time data supported and guided me. My heartfelt thanks to these guiding hands for shaping my promising rookie experience.
Positive
2023-08-30
Spokin
Austria
Like many, I learned about this broker from this rating. Mainly interested in the reality of scalping. I was pleasantly surprised that they didn’t ban for active trading, I didn’t believe it. Well, now I believe that there are normal brokers in the world of forex, and I am writing under the impression.
Positive
2023-08-23
Rahman4738
Austria
This broker has been operating for more than 10 years, proving themselves in the market. The weekly webinars are still there every week to discuss the moving market.
Positive
2023-07-31
Ursula
Austria
Well, if we talk about this broker, then only in a positive way. Everything is honest and noble. It is pleasant to trade, everything works quickly, the declared withdrawal arrives almost immediately. I love.
Positive
2023-07-27
Rita5751
Germany
During the past 4 months, I've explored another brokerage. I must say, I'm quite impressed with the competitive spreads they provide on their ECN account. The liquidity providers are regularly updated, ensuring tight spreads and favorable trading conditions.
Positive
2023-07-01
Mitar
Austria
During the past 4 months, I've explored another brokerage. I must say, I'm quite impressed with the competitive spreads they provide on their ECN account. The liquidity providers are regularly updated, ensuring tight spreads and favorable trading conditions.
Positive
2023-06-28
Edytha
Germany
Their deposit bonus is reliable and stands out from others. Rather than simply providing more margin or increasing risk, it focuses on helping manage drawdowns. It's evident why this broker has been confidently serving the market for over 10 years.
Positive
2023-05-24
Della4530
Germany
The company provides advertising materials, which saves me the trouble of creating my own for my website. I've made good money by referring people to this company.
Positive
2023-05-01
mashkov
Austria
You can only say good things for this broker, they don’t do any bad things, everything is honest and noble. It’s nice to trade, everything works quickly, and if you want to take the money, they immediately give it away and don’t ask why you need it. I love.
Positive
2023-03-13
Micael
Germany
It is considered decent when you know they providing educational materials for traders in weekly basis when most of the other brokers are just giving out basic materials in pdfs. This one by itself can be useful to keep up with the current moving market while analyzing it in a simple methodology. For the other offers in this broker, I can't give a verdict since I'm not using those.
Positive
2023-02-24
Milla
Germany
I may want to point out that XM gave me bad experiences on trading after NFPs and CPIs. The delay killed my trade along with slippage I had after opening it on minutes after executing the trade. FreshForex is a bit different. Sure the slippage is still there on big news, but not too long like 5 minutes after news events and I'm okay since I don't gamble before the news event.
Positive
2023-01-30
Alfvin
Germany
I can never understand on why a commenter here is recommending FBS to trade. This broker has even more bad reputations on holding clients' withdrawals, and severe cases of slippages and stop hunts, yet you still recommending such broker. By far, no slippage nor stop hunt happened especially during news event. Market move accordingly in tandem (this can be compared with Forex.com on Trading View) and no delay for trading executions. This can be beneficial for scalpers who relies on speed.
Positive
2022-12-30
Edu8437
Singapore
The concern of not being able to withdraw profits are mostly came from them trying to trade even with no capital at all. Or worst, in this case, abusing the bonuses the broker has to offer to the clients. I highly suggest you to just trade with your own funds without mixing it with any bonuses and see how things worked out. The false information is given from this website where it supposed to be the broker has been in the market for more than 10 years, proving its credibility in the market.
Positive
2022-11-30