FreshForex Forex broker review — Everything you need to know

Minimum deposit

25 USD

Bonus

15% deposit bonus

Maximum leverage

1:2000

Year founded

2004 (major revamp in 2024)

Regulation

None

Trading platform

MT4, MT5

FreshForex is the company’s trade name, but the company behind the website of FreshForex is Riston Capital Ltd, which is registered in Saint Vincent and the Grenadines. The broker has operated since 2004 but had a major revamp in 2024. However, FreshForex is still an unregulated broker, making it risky for traders. To have years of experience and being unable to acquire licenses, is a major indicator of scams and fraud brokers.

Let’s review and evaluate this broker and define whether you can trust FreshForex.

FreshForex Overview of the website

The website of FreshForex is super useful, easy to navigate, and provides all the needed details about the broker’s services. The website directly reflects the broker’s extended experience in the industry. The website is very responsive and makes it super fast and convenient to navigate across all tabs. Support is also directly available from the website as the live chat is integrated into the website. This makes it a simple and comfortable process to find any information or contact the broker.

FreshForex Accounts Reviewed

FreshForex offers three different account types such as classic, market pro, and ECN. Each account offers slightly different trading conditions targeted at different styles of trading.

FreshForex Classic Account

The minimum deposit is 25 USD, which is competitive. The leverage varies and is between 1:25 – 1:2000. Higher the deposit, the lower the maximum available leverage, which is flexible for traders who have lower budgets. Margin requirements are from 0.05%. There are no commissions charged on this trading account and spreads are from 2 pips, which is very expensive and makes this account unattractive for day traders. The minimum lot size is 0.01 lots. Overall, there is no reason why anyone would select this account as all the specs are very similar to the market pro account where spreads are much lower.

FreshForex Market Pro Account

The market pro account is also similar to the previous one but has lower spreads, which makes it more competitive. However, margin requirements are slightly higher at 0.1%. There are no commissions charged and spreads are from 0.9 pips, which is on par with industry standards. The minimum deposit is 25 USD here as well, which makes this account much more competitive than the classic one.

FreshForex ECN Account

The ECN account by FreshForex is for scalpers who need the lowest possible spreads. The spreads start from 0 pips and there are commissions charged From 0.003% per contract

((from $1.90 per lot / $30 per mln)). This is very competitive and cheap, but since the broker is not regulated, we can not recommend it to anyone, although this account is very competitive.

Deposit and withdrawal options at FreshForex

FreshForex advertises itself as a broker that accepts a wide range of payment options such as bank cards, e-wallets, and cryptos. There are also local bank wires supported for the Philippines and some other countries. There are no fees charged for deposits and the broker promises quick deposit processing times. When it comes to withdrawals, FreshForex charges fees for all payment methods varying between 0.1% + 2 USD for most options, which is very disadvantageous. The broker does not mention exact processing times for withdrawals and we assume it might take several days.

FreshForex Assets — What can you trade?

The broker allows access to over 250 different instruments in Forex, cryptos, indices, commodities, and even stocks. This is very flexible and suitable for multi-asset traders. From FX pairs, there are majors, minors, and even exotics, while commodities only include metals and energies. Popular stocks are offered and plenty of cryptos are available. The maximum leverage of 1:2000 will make trading very comfortable at a lower budget.

Trading platforms of FreshForex

Trading platforms available include advanced MT4 and MT5 software which allow custom indicators and Expert Advisors. The platforms offer all the capabilities to traders. Mobile trading is available via mobile app versions of these platforms.

Education at FreshForex

FreshForex is an unregulated broker but it offers quality education, which is rare to see in the sector. There are Webinars, Forex Encyclopedia, Trader’s Path, Forex Self-Study Guide, Recommended Literature, and Glossary of Term. With these resources, even absolute beginners can start trading FX by learning all essential concepts. The broker also offers a free demo account to practice and learn practical trading skills. Webinars are useful and conducted by broker representatives.

Overall, FreshForex offers an excellent education experience which is very useful for novice traders.

FreshForex Customer Support

The customer support experience at FreshForex is provided via live chat that is built inside the website. However, traders need to be registered and log in to chat online with the broker, otherwise, they can only use the help and FAQ center which is provided in the live chat plugin. The broker also offers phone support and email options but they are difficult to find on the website. Both the website and support options are provided in several languages, which makes the broker truly multilingual.

FreshForex bonuses and promotions

The broker offers many bonuses and promotions. There is 20 USD cashback per lot, a 101% deposit bonus, 300% on every deposit, and premium club features for loyal clients.

Is FreshForex your broker? Final verdict

FreshForex is a long-standing broker with a major platform revamp in 2024, offering competitive trading terms such as a low 25 USD minimum deposit, 1:2000 maximum variable leverage, and both MT4 and MT5 platforms. However, it operates without regulations, is registered in Saint Vincent and the Grenadines, and is not overseen by any authority, making it a risky broker.