FreshForex Review
Note: Approximately 75% of retail traders lose money on FreshForex, Consider the risk before investing.
FreshForex Review
FreshForex is a company that provides online forex trading services. They have been active since 2004 and have their headquarters in St Vincent and the Grenadines, but also operate on the European Union territory among other countries.
FreshForex specializes in providing services for Russian and Asian residents, who are dominant markets to them as well as EU citizens who show interest in these trading opportunities too.
As they say “FreshForex offers an array of competitive benefits not available at any other broker” which includes excellent trading conditions with various partner programs while making sure their clients enjoy support service when required; all this makes it equally suitable for beginner traders or more advanced ones alike!
Pro and Cons
Safe or scam?
One of the most significant ways to determine the safety of a forex broker like FreshForex is by establishing which regulating authorities are overseeing its actions.
FreshForex has been licensed as Riston Capital Limited and regulated under the Russian national financial regulator CRFIN. Along with this, it adheres to KROUFR regulations- one more body that handles disputes in case omissions happen- on top of its own set regulatory standards for brokers.
FreshForex advertises itself on its official website as having been active in foreign exchange trading since 2004; moreover, it claim performance with one of the best trading conditions out there on the market today. Since Freshforex is a trading name under a company incorporated in offshore hub St Vincent and Grenadines, there may be some risk involved when dealing directly with them.
Trading with this company may pose unnecessary risks because it operates without regulation from Forex industry watchdogs. Higher leverage levels, non-regulated money management, and lack of operational standardization are all things to be aware of before you trade.
Leverage
FreshForex offers you 1:1000 leverage. Leverage in forex is a facility that enables you to get a much larger exposure to the market than your investment amount when opening trades, but it also increases possible losses on any trade and requires sufficient margin in order for your trading operation not to be at risk of default.
Leveraged products, such as forex trading, magnify potential profit- but they also increase potential losses- where margins are expressed as relative percentages of position size (e.g., 5% or 1%).
Accounts
A forex account at FreshForex is a trading account that you will be holding and it works like a typical bank, but with the difference that it is primarily meant for currency trading.
A Forex Islamic Trading Account (or swap-free Forex Account) means there are no swaps or rollover interest on overnight positions – this applies to Islam. At FreshForeX they offer three different types of accounts: Standard, MetaTrader 4, Advanced Margin, and ZuluTrade One-Click Accounts.
Classic Account
One of the perks to this account is that it offers more than 130 tools, leverages up to 1:1000 and the minimum order size is 0.01 lots. Fixed spreads are used on currency instruments within this account.
Market Pro Account
The Classic and Market Pro accounts are designed to meet the needs of active traders and scalpers. Floating spreads from 0.9, precise quoting of 5/3 digits, execution within the first second- these criteria make them perfect for this type of clientele! Stop Loss and Take Profit orders can only be set before opening a position on both account types; once that is done, trades happen under market execution mode instead.
ECN Account
This account can be set up for any of the Muslim traders practicing Shariah law. This account is available on three different trading platforms, with fixed commissions starting at $5 per lot.
Swap Free Account
This account offers professional trading on the advanced level, as well as quick switches to interbank when needed.
Market instruments
The most popular instruments for trading that are available from most best forex broker include:
Forex
Forex trading refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodities
Along with currency exchange markets, commodity markets offer many financial opportunities for traders.
Soft commodities have been traded for centuries and investors’ preference for these derivatives is credited to their major role in portfolio diversification and risk management.
Investing in contract-based tradable goods can mitigate the risks during times of inflation or economic uncertainty – a reliable way to do so.
Precious metals
Gold and other precious metals are hard commodities that play a major role in the trading market. Gold is most commonly used as an investment in countries with high economic uncertainty or when there is inflation. It can also be traded on a one-time contract basis like many other goods, such as crude oil, copper, or petroleum.
Energy
The price of energy is highly influenced by factors like political and environmental influences, supply and demand, extreme weather conditions, and global economic growth. Conditions can either increase or decrease the demand for consumer services related to these energies.
FreshForex offers more than 139 instruments for trading including promising shares, indexes and metals among other things. It also offers 50+ currencies as well as 5 cryptocurrencies including Bitcoin, Litecoin, and Ethereum, in addition to 80 CFDs, gold, silver, other precious metals stocks oil and commodities, etc
Fees
Fresh Forex is present in many countries, with different regulations and account types. Clients living in one country may experience fees that are different than those who live elsewhere due to their regulatory entity; therefore, not everyone has the same fee structure.
Cost depends on a variety of factors like spread in forex and margins. The spread of a currency pair refers to how much difference there could be between the bid and ask rates- this is expressed as pips which represent the smallest increment of move possible for an exchange rate.
Margin refers to the amount of money you need at your disposal when opening any trade positions using FreshForex’s trading platform – no commission applies for funding trade accounts courtesy of them!
Deposit and withdrawal
Fresh Forex does not have any FreshForex minimum deposit for its accounts and it offers a range of payment methods on its website. The following is a list of some common misconceptions:
China UnionPay
OkPay
Neteller
Webmoney
Wallet One Skrill
Moneybookers
Fasa Pay
A trader can decide which payment method they want to use for deposits and withdrawals. For example, funding will be credited to your account instantly and withdrawals are completed in mere minutes! In certain circumstances, the time it takes for you to fund an account depends on what bank you use rather than on Fresh Forex itself.
Commissions for transfers and transaction timing depend on service providers like banks or exchanges–FreshForex isn’t responsible for these fees or delays.
Trading platforms
A forex trading platform is software provided by Fresh Forex to allow clients to carry out their trades. A multi-asset trading platform enables its users to trade in various asset classes, including CFDs on stocks and stock indices as well as precious metals or cryptocurrencies. The decision about which one you would like will always depend on what you want to trade.
- Freshforex offers:
- Trading Platform MetaTrader4 for PC and Mac OS and a mobile app on Android or iOS.
- An alternative trading platform called Meta Trader5 is also compatible with the VPS server (Virtual Private Server).
MT4 provides the best software for trading Forex, Futures, and CFD instruments that offer confidentiality of all transactions and an unlimited number of charts. It also has a wide variety of indicators and graphic tools to help with analysis.
Experts can be found through custom indicator scripts or MT5’s MetaScript language. There are many languages supported in this platform as well such: as Arabic, Chinese-Simplified, English (UK), French (France), German, and Greek (Modern) (1453).
The FreshForex VPS servers allow traders to enjoy easy access to Expert Advisors from around the world while virtual dedicated server hosting will make it easier for automated trading system workflows by providing information quickly so you don’t need charts or complicated analyses!
How to open an account
Fresh Forex is a simple and easy way to register your account. To do this, you will need to go through a basic “know-your-customer” process – no different than with any other bank. After the initial registration, you usually receive an email containing login details that allow access to forex trading platforms matching the type of account (micro or mini) purchased by the customer.
To apply for an account at FreshForex: You must be 18 years old or older; confirm that your personal data will be processed and stored without interference from others; declare whether you’re not in North Korea, Spain, the United Kingdom, or the USA -a citizen of these countries are barred from using their services due to local laws on financial transactions- Finally, ensure that either yourself (or someone close) have not been public officials within last twelve months nor politically exposed persons.”
Customer support
Customers need to make sure the broker company they choose will be there for them anytime. On FreshForex, customers can contact their customer support with any issues or get more information about their services and policies from one of their representatives.
Their availability is five days per week (not on weekends) from 10:00-19:00 local Russian time. They are able to communicate in any of the following languages: Russian, English, German, Chinese Arabic, and Italian via e-mail phone call, or online live chat form which we also provide!
Education
New clients of Fresh Forex should be aware that the website does not contain all the relevant information and trading skills necessary to succeed in forex and commodity trading. They can explore other informative websites as well as means of obtaining knowledge on this topic if, for example, the website is insufficient.
The company offers a series of educational materials including webinars and guides which will help traders create their own system while also learning more about market analysis methods by following interactive instructional sessions or reading books from a list provided by FreshForex Topics covered include:
- Introduction to the Forex market
- Predicting price movement
- What is necessary for profitable trading?
- Trading system: The way to success
Research
In order to feel confident and successful in trading with financial speculation, potential traders should do as much possible research before they start. This will ensure that they don’t waste money unnecessarily but make their trade as profitable as possible.
Traders can subscribe to RSS company news feeds or pages on a site and more than 1000 articles involving the most relevant trading issues are available in a unique encyclopedia for traders using CleverFX.
Daily Forex forecasts by top experts are posted and the FreshForex Forecast service analyses recent data while daily fundamental reviews give up-to-date information about major currency pairs and regular reports based on trend potential reviews allow you to plan your trades for the coming week.
Awards
FreshForex has been awarded numerous times to show how it is a reliable and trustworthy company. Winning awards such as the “Best affiliate program” award at the Russian Affiliate Congress & Expo, or being recognized in Interfax’s top ten brokers list multiple times, shows that traders who use FreshForex can rest assured they are working with one of Russia’s most reputable foreign exchange companies.
Conclusion - FreshForex Review
FreshForex has an interesting, attractive offer for traders. It offers them the opportunity to earn up to 100% of their deposit commission back on payments made through various popular payment systems, this is just one of its great features! Another such feature offered by FreshForex is Smart Bridge Technology, a flexible and reliable mechanism used in hedging Forex trading risks that allow the broker to work with several liquidity providers.
