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The reputation of this broker is doubtful!
We do not trust this broker and do not recommend it to you.
FreshForex, the trading company of Riston Capital Ltd, was started in 2004 and is located in St. Vincent and the Grenadines. It’s clear that this company has a long history but not everything that has been around for a long time can be trusted and is worth your time. We’re here to answer the question can FreshForex be trusted?
Regulation is an important criterion for any broker you’re considering. Whether you’re a beginner or a seasoned trader, it’s essential that any broker you are seriously thinking about investing with is regulated so that if anything goes wrong, you are covered and can be compensated.
Unfortunately, FreshForex is not regulated by the financial authority in St. Vincent and the Grenadines. This alone is a serious red flag and should be the reason for you to cross FreshForex off your list of possible brokers.
FreshForex Customer Support
To get in touch with FreshForex, you can either use the live chat, call, email or use the online form.
We like to see brokers with multiple communication channels and we applaud FreshForex for doing this but the customer service itself is dismal. It appears FreshForex opinions of you and its other clients are that you all are nothing more than a way to earn money and not actual people with lives, families, hopes, and dreams.
The FreshForex team has proven itself a poor excuse for a forex broker. How it has managed to remain in business for this long is quite shocking. A simple search reveals a plethora of negative FreshForex reviews from traders who have been flat out robbed of their deposits and profits by this fraud broker.
FreshForex offers three types of accounts:
None of these three accounts have a minimum deposit, however, FreshForex does have a recommended minimum deposit, which can only be seen as a marketing ploy. Each account also uses a market execution for its order execution. There is no minimum order size nor are there any maximum total volumes. There are also market swap rollovers for each account and a 50% margin hedge and expert advisors available for each account as well.
This account grants you access to both the MT4 and MT5 platforms. There’s a leverage o1:25 – 1:1000 which requires a margin of 0.1%. This account has fixed spreads which start from 2p with the same minimum limit and stop level. The maximum order size is 20 lots with the maximum being 100 lots. No commission is available with the exception of CFDs on the investment portfolio and corporate stocks.
This account only has the MT4 platform available. It’s recommended minimum deposit is $400 and its leverage is 1:25-1:500. Floating spreads starting from 0.9p.. There’s no minimum limit or stop level and the maximum order size is 100 lots. No commissions are available except for investment portfolios.
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MT4 and MT5 platforms are available for this account. The recommended minimum deposit is $2000 and the leverage is the same as the Market Pro account, 1:25-:1:500. This account has the lowest spreads which start from p and there’s no minimum limit or stop level. Trading inside the spread is also allowed. The maximum order size is 10,000 lots and commission starts at 0.003% per contract.
One of the ways many brokers attract new clients is through the use of bonuses as well as competitions and offers. The FreshForex scam is no different and has multiple offers as a way to attract new, unsuspecting clients, and retain some of their current clientele.
As of the writing of this interview, FreshForex has six different promotions going on. The most notable one being the Pushup Bonus of $200 which has the image of a women’s bra filled with cash. How you feel about that is up to you.
In regards to the bonus, it is a no deposit welcome bonus that is offered on to new clients. No deposit bonuses are a great way to help you start trading, however, the case with many brokers is that it comes with some ridiculous terms. So even if you do make a profit, you have a trade an extremely high volume in order to do any form of withdrawal. This is undoubtedly the case with FreshForex as many traders have shared their experiences on forums across the web.
The MetaTrader platform is well known throughout the online trading world and is used by all types of brokers. While many only employ the MT4 platform, FreshForex surprisingly offered the more complex and less popular MT5 platform. On the surface, this may seem to make FreshForex legit. After all, both of these are highly respected platforms.
However, simply because FreshForex offers both of these platforms is no reason to ignore the red flags that show up whenever you look into this broker. MetaTrader platforms are popular and quite easy to access which is why untrustworthy brokers, as well as the revered and trusted ones, use them.
FreshForex Review Conclusion
There are many attractive things about freshForex, the well-designed website, generous no deposit bonus, multiple trading platforms and even the false positive online reviews.
However, when you look beyond that, you see the true FreshForex fraud. It is a broker that only out to line its owners’ pockets and empty yours. For your sanity and the safety of your money, we advise you steer clear of FreshForex.
The reputation of this broker is doubtful!
We do not trust this broker and do not recommend it to you.
«FreshForex» started up in exchange market in 2004 and now is one of the anchor companies in online trading. The company stakes on continuous enhancement of trading conditions, launch of financial tools in demand and customized customer care.
|Headquarters||PO Box 1825,Cedar Hill Crest, Villa, St. Vincent and the Grenadines|
|Support Types||Chat, telephone, contact form, e-mail|
|Trading Platform||Metatrader 4|
|Minimum 1st Deposit||$1|
|Minimum Account Size||0.01|
|Spread||from 0.9 points|
|Free Demo Account||Open Demo|
|Account Types||Standart, Market Pro, ECN|
|Deposit Methods||Credit/debit cards, bank transfer, Qiwi, Skrill, Neteller, CashU, Webmoney, OKPAY, W1, FasaPay and other|
|Withdrawal Methods||Credit/debit cards, bank transfer, Qiwi, Skrill, Neteller, CashU, Webmoney, OKPAY, W1, FasaPay and other|
|Number of Assets||134|
|Types of Assets||Forex, stocks, goods, CFD, crypto currencies (Bitcoin)|
|Trading Currency||EUR, USD, RUB|
|US Traders Allowed|
According to wired news agency «Interfax» the company hit top 10 of the best brokers engaged in Russia regarding the results of the years 2020 and 2020. Starting dealing with «FreshForex» you can open a demo-account for perfecting your trading skills. Moreover, «FreshForex» offers free trading grounding training: free video lessons, Forex teach-yourself- book and daily market reviews.
The customer support is 24 hours 5 days a week by online chat, e-mail and telephone.
«FreshForex» offers full service for trading in Forex market:
- Forex, CFD and binary markets access;
- Daily market analytics in major pairs and other popular trading tools;
- Rapid and safe financial transactions;
- Different account types including the professional ECN accounts;
- No margin trading decrease for ECN accounts on weekend;
- Special VIP program for online trading;
- «Smart Bridge Technology» (SBT) flexible and safe exchange risk hedging scheme;
- Free webinars and available trading grounding training;
- 134 tools for profit trading including ruble pairs, metals, oil, binaries and stock index options;
- 0,01 second — the most rapid transaction execution in the market, on ECN-accounts.
Your advantage in dealing with «FreshForex» is minimal withdrawal flat fees. The company quickly processes withdrawal requests: the best timing is 2 minutes. Customers get pay-outs within 3-5 banking days. For withdrawal you may use plastic cards, bank transfers and the most popular payment systems, such as QIWI, Webmoney, Yandex Money, Neteller, Skrill etc.
There is no commission for deposit.
The company grants $1 real cash to all new customers for sign up in February.
For each funds added customers receive extra payout bonus of 101%.
Also the company offers the profitable rebate-service: spread return up to 100% for each round lot.
We recommend following up the company updates to be the first to know about its unique offers and gainful bonuses.
$2020 no deposit bonus from FreshForex
Do you want to get $2020 no deposit bonus from FreshForex broker on your account?
That’s the easy part! You need:
- to sign up in FreshForex by special link;
- open a trading account;
- get your bonus!
With this bonus you can test trading strategies, adjust the expert adviser or develop your trading skills on a real account with no risk for your own funds.
If we find complaints about FreshForex, we will post it on social media. Follow us to be well informed:
«FreshForex» broker successfully operates in Forex market for 12 years already and provides its customers with ones of the most gainful trading conditions. The company doesn’t limit the minimum deposit and offers plenty of stocks and bonuses for its increasing. you also may use free daily market reviews, relevant analytics and trading references from FreshForex experts.
Sum up, it may be said that FreshForex is a reliable broker taking care of its customers. FreshForex offers all conditions for successful and smooth trading. The relevant information you may always find on the website.
Join the effective broker — open accounts with «FreshForex»!
The margin Forex trading is of high-risk and may cause significant financial losses.
FreshForex Review, Rating and Comparison
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Trading Accounts & Conditions
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Spreads (& Commission)|
|Classic||$1||0.01||1:1000||Fixed 2.0 pips|
|Market Pro||$1||0.01||1:1000||Variable, averaged 1.6 pips|
|ECN||$1||0.01||1:1000||Variable, averaged 0.2 pips + $6 /lot round trip|
FreshForex offers several forex trading account types – two commission-free ones (fixed-spread and floating-spread), as well as an ECN account with raw market spread, which involves a commission fee. All of them provide market execution, the option to trade in micro lots and high leverage levels on the MetaTrader 4 platform.
In addition, there are Islamic (swap-free) accounts that do not involve any interest/swap charges on overnight positions. Keep in mind however, that these account types involve commission fees (from $5 to $30 per standard lot, depending on the instrument).
There is no minimum initial deposit requirement set to open an account with FreshForex, yet the recommended sum to start trading on Classic account is 200$, on Market Pro account – 400$, on ECN account – 2000$.
Overall, we find FreshForex’s trading conditions attractive: no initial deposit required, high leverage levels offered and competitive spreads. The best spreads are available on ECN accounts (accessible with just $1 investment), where average trading costs amount to just 0.8 pips for the EUR/USD pair per standard lot. For further information and comparison, you may look up the real-time spreads of 15 leading brokers here.
T he Company. Security of Funds
The broker reports its clients’ success rate on a monthly basis (profit-loss percentage)
Riston Capital Ltd.
FreshForex is an offshore-regulated broker mostly active in Russia and Asia. It offers online trading in forex and contracts for difference (CFDs) on metals, stocks, indices, energy futures, and binary options, as well as analytical, educational, and training services.
FreshForex a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. registered as International Business Company (IBC) in St. Vincent and the Grenadines.
IBCs in SVG are not obliged to meet capital adequacy requirements, to keep client money in segregated accounts, nor to arrange a compensation scheme in the event of insolvency.
In other words, trading with offshore brokers is a risky business and we generally advise traders to avoid them. Nonetheless, FreshForex is in the business since 2004, has earned a good reputation and its trading conditions are really attractive. Besides, the broker is a member of Russia’s commission for the regulation of relations on financial market, KROUFR.
Like most brokers, this one also supports MetaTrader 4 (MT4), available as desktop and mobile versions.
Traders all over the world choose this online trading platform because of its functionalities and ease of use. With MT4 trading platform, you can easily trade on financial markets using a number of technical indicators, extensive back-testing options, advanced charting package, and wide range of Expert Advisors (EAs). Besides, In order to provide its clients with flawless operation of EAs, FreshForex offers VPS hosting for just $10 per month.
in September 2020, FreshForex launched trading via cloud-based messaging app Telegram, using its Easy bot software. The service, the first such in the forex market, enables a simplified mode of forex trading.
FreshForex is a generous brokerage that offers a number of attractive promotions, including the Megarebate program with three different schemes, as well as 101% tradable bonus.
Methods of Payment
FreshForex offers its clients a wide range of payment methods to choose from: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets Neteller, OK PAY, FasaPay, Skrill, WebMoney, Wallet One and China UnionPay, WebPay, Qiwi and Bitcoin. FreshForex Mastercard is also available and no withdrawal commission fees apply.
At the time of writing the present review, average withdrawal time (over the last 30 applications) is 30 minutes.
FreshForex is an offshore Forex and CFD broker that offers attracting conditions for trading on the industry’s standard MT4 platform Here are, in a nutshell, the pros and cons of FreshForex:
|No minimum initial deposit required (even for ECN)||Light regulation|
|Low competitive spreads||No choice of trading platforms|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Traders` reviews for FreshForex
Another good one to Review
Another good broker to review. Here I can point out several things, starting from their helpful deposit bonus to the fact that i can utilize my scalping robots on their VPS. Reliable trading terms with no hidden terms
this website is a scam. Only to get access to your credit card credentials and mislead you
Personally, I choose FreshForex because of the low swaps, and the fact that, I’ve never had anyone complaining of slippages, or re-quoting. Simply for that!
I have choosen them because I prefer a short-term trading to a long-term. I trade on 5-10 pips, but it is not a scapling in the strick sense. That’s why I value the execution speed and spreads as tight as possible. I trade on their market pro account and it satisfies me. I trade with profit, for the last month $250.
On my side, my experience with Freshforex has been very good, my account manager is most helpful person ever. They have the least spreads and have the fasted deposit and withdrawal methods
To get a good broker, you only need ti get to the broker’s site. For example, get to a well known brokers site such as FreshForex.. Go to the bottom of the page you will find Licenses and Regulations on thier home page! Thats an example of how to get a good broker.
I always try to choose some broker that offers no deposit bonus. For example, FreshForex offers $2020 no deposit bonus at the moment and I will definitely activate it.
Broker is cool
According to the the best brokers rating of the International IAFT Awards 2020, FreshForex company became the first one in the “Dynamic Development” nomination!
Broker is super awesome
They have the tightest spreads.Secondly they have the fastest deposit and withdrawal systems. lastly, I love their unending promotions and bonuses. Like right now there is a Double Bonus for every deposit!
Freshforex denies responsability for their failures. Latelly, their failures are frequent and result in big losses for their clients.
Stay away from this broker!
I was with FreshForex for about a year.
I opened an account in Fresh Forex website but not read any reviews. Doing really well with the demo account I opened a live account and lost it all. I’m comfortable trading with Fresh Forex. I move forward and search for another broker to trade. xTrade is only a thief on forex market. I really bad experience with FreshForex is scam.
I was searching for a company where I can start trading with, I came across a nice review of freshforex they said it is now open for other languages not just Russian language with friendly supports and professional brokers. I found myself creating and funding my first forex account. A broker from freshforex called me and promised me loads of profits. We were working together for almost 2 weeks until he began forcing me to make huge deposits after continuously losing money with the trades that he is advising me to open. He is really unprofessional. I filed for a withdrawal because I didnвЂ™t want my hard earned money to be wasted on something that is not really sure to give me profits anymore, the promise to make it as my secondary income is no longer happening. I already lost more than half of what I funded. I just want to get the remaining money in my account. The withdrawal took more than a week to get a вЂњresponseвЂќ Yes. Just a response. Informing me that I cannot withdraw my money because I вЂњhavenвЂ™t reached the trading volume for me to withdrawвЂќ. I asked them how much lots I need to trade to get my money only to find out that I have more than what they are asking from me. I told them that I traded more than what is required but then they gave me a stupid response such as I need to talk to my broker for the withdrawal. I insisted that my broker is no longer answering in my emails but they just kept on repeating what they said, that I need to contact my broker, I asked for a personal phone number where I can reach my broker but they said they cannot provide me that information, that they do not have it as well. Then I know that I have been scammed by Freshforex! They are good at first but after sucking all that I have they will not answer to me anymore. And will not give me my own money. Let us report them. Whoever representative that freshforex has, please note that I am willing to cooperate just for you to give my money back. Or at least let me have my remaining money in вЂњMY ACCOUNTвЂќ.
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