Is freshforex regulated

Investment company offering services on over-the-counter currency market falls into the category of the investment firm conducting operations at their own expenses and keeping clients assets, towards which mifid sets the toughest standards regarding capital etc.

Huge forex bonuses

Forex regulation in Europe, is freshforex regulated.

Requirement of minimum own capital of investment company is 730 thousand euro. Apart from common standards and license mechanisms, in some european states centralized regulating entities with supervise and control functions on financial markets are present.

Forex regulation in europe

In europe services on over-the-counter (retail) currency market are mainly rendered by investment companies (according to mifid terms). These companies ensuring conclusion of contracts for difference fall into legal competence of state regulation authority of the market of financial services, which sets rules of operation for both over-the-counter and stock financial markets.

Mifid (markets in financial instruments directive) set common market of financial services and unified standards for activity of investment companies in the european union. This law is the part of EU plan aimed to create a common european market of financial services. Directive includes measures purposed to change and improve arrangement and operation of investment companies. Apart from requirements for transparency of transactions with securities, this paper expands range of instruments requiring authorization as well as provides investment companies with an opportunity to set branches in other countries of the european union when license from national regulator is acquired.

Thus, separate licenses for participants of finance markets are not present on the territory of the european union. License of investment company encounters types of activity permitted by regulating authority of a certain european state. Apart from that, license of one EU country allows investment company implementing broker and dealer activity and offer other associated services in other EU countries. Most part of european FOREX companies operate under licenses allowing to execute orders of clients for financial transactions and make operations with clients at company's expenses with derivatives (including cfds), as well as to keep clients' assets. Due to peculiarities of national legislative system, in great britain financial betting is a permitted activity, however, such type of services cannot be provided in other european countries.

Apart from common standards and license mechanisms, in some european states centralized regulating entities with supervise and control functions on financial markets are present.

Cyprus securities and exchange commission (CYSEC)

Federal financial supervisory authority (BAFIN)

Freshforex review

Freshforex

Reason to avoid: no license

Listed date: september 17, 2018

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Freshforex review present by 55brokers and other brokers reviews, before signing an account you should always check on broker reliability and compare its trading offering.

Company name: riston capital limited. Freshforex

Registration address/ license:st. Vincent and the grenadines. No license.

Registration requirement: 2,000$

About freshforex

��️ registered in	st. Vincent and the grenadines
��️ type of license	offshore license
��️ is freshforex safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	FP markets - licensed by ASIC in australia

Is freshforex a scam or legit broker?

No, freshforex is not legit to trade with it.

The online forex broker freshforex as stated on the official website has been working in the foreign exchange market since 2004, while claims performance with one of the best trading conditions on the market due to which they are among top forex broker companies as well according to the research of the famous news agency interfax.

Among that the broker gained some more world recognition from the publications and industry expos, however, the freshforex which is a trading name of the riston capital limited company incorporated in an offshore hub st.

Vincent and the grenadines. There is no matter of the company location, but there is a sufficient risk if the company delivers services without any regulation or licenses from the world known watchdogs in the forex industry.

That means that the company may put their client into unnecessary risks while trading which will involve higher leverage level, alike 1:2000 as offered by the freshforex, non-regulated money management of the clients, as well as lack of operational standardization.

Since this is not the case of the freshforex the company do not comply with the adequacy requirements and follow of rules, thus clients do not rest assured about the safety of the financial services they receive.

Meanwhile, the broker mainly concentrated on the offering among russian and asian residents, while also there are a significant amount of negative reviews about the company crossing around the internet.

Overall, we generally advise not to trade with the offshore brokers since it is incurred to be a risky business, and increases the potential of general trading experience.

It is much more sufficient to choose among well established and regulated, reputable companies that are heavily overseen by the respected authorities. The list of FCA, ASIC such as broker FP markets from australia.

Freshforex review

Freshforex is an STP/ECN broker that provides forex and CFD online trading via the popular metatrader platforms. The brokerage has ‘smart bridge’ technology and offers clients trading signals along with daily market analysis. Regardless of the trading services provided, this brokers regulation is distinctly lacking and we would therefore look elsewhere for a regulated online broker.

Freshforex review, pros & cons

Fixed & variable spread accounts

No minimum deposit required to commence live trading

Daily analysis & trading signals

Metatrader platforms

Flexible account types

Unregulated broker

Clients from north korea, spain, UK & USA are not accepted

Marked up spreads

Limited range of trading instruments

In this detailed freshforex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Freshforex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including freshforex.

Freshforex review: summary

Freshforex is a forex and CFD broker that offers online trading to traders around the globe. The brand began operations in 2004 and is currently operated by ‘riston capital ltd’ which is registered in st. Vincent and the grenadines. Freshforex offers over 130 trading instruments for trading online via the renowned metatrader 4 (MT4) and metatrader 5 (MT5) trading platforms. All trading styles and strategies are allowed by the broker.

The broker offers competitive spreads, ECN trading, decent trade execution speeds and a variety of trading tools. Freshforex asserts that it is a ‘no dealing desk’ (NDD) broker that works with only licensed liquidity providers. The broker has deployed the ‘smart bridge’ technology in pricing and execution of clients’ orders. This technology accepts clients’ orders from the servers, finds the best available prices and sends the order to the appropriate liquidity provider. They claim that orders are executed without broker interference. This can help them to deliver competitive trading costs, speedy trade executions and minimal requotes.

Freshforex review: smart bridge technology

Freshforex has been honoured with awards over the years. The brand has been recognised with awards on over 20 occasions. In 2015, freshforex bagged the ‘best ECN broker’ award which was given by KROUFR. In 2016, freshforex received the award for the ‘best trading experience’ given by ‘fxdailyinfo’ in recognition of the quality of provided services.

Freshforex review: broker awards

Freshforex review: regulation

The freshforex brand is operated by ‘riston capital ltd’ which is incorporated in st. Vincent and the grenadines. The international business company number is 20623 IBC 2012. The company’s regulatory detail is not provided on its website. It should be noted that this regulation could not be verified and such regulation is not considered to offer the same level of protection as other regulators do. Thus, we would proceed with great caution or use an FCA, cysec or ASIC regulated broker instead.

Freshforex mandates all clients to verify their identities using ‘know your customer’ (KYC) procedures. All clients are required to scan and upload a government issued identity card and a utility bill.

The broker’s website and platforms are protected with secured socket layer (SSL) technologies. This encodes all data as it moves to and from the servers giving no access to unwanted intruders or hackers.

Freshforex review: countries

Freshforex states that its services are not meant for clients from the following countries: north korea, spain, united kingdom and the USA. Some freshforex broker features and products mentioned within this freshforex review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Freshforex review: trading platforms

The MT4 platform is one of the most popular trading platforms used in forex and CFD online trading. The platform is robust, fast and loaded with professional tools for trading online and conducting thorough chart analysis. It supports complex charting, multiple order types and can be extended using add-on apps. The freshforex MT4 platform is freely available as downloadable desktop application for windows and also as downloadable ios and android apps.

Freshforex review: MT4 trading platform

Just like the MT4 platform, MT5 was designed by ‘metaquotes software corporation’; a russian software firm known for developing trading softwares for the financial markets. The MT5 platform was designed to improve on the already established MT4 and so, it has all the features of the MT4 platform with expanded functions and capabilities. The user interface of both platforms look very similar on both the desktop and mobile apps. However, both platforms are not cross compatible and so apps must be designed separately for the MT4 and the MT5 platform respectively.

Here are some of the core functions of the MT4/MT5 platforms:

Simple and user friendly interface on both desktop and mobile apps.

Customisable windows, charts, layouts and colours.

Trading instruments’ quotes are displayed in real time. It can be customised to display only the assets of interest to the trader.

3 chart styles namely: bar charts, line charts and candlesticks.

The charts can be displayed on 9 timeframes on the MT4 while the MT5 has up to 21 timeframes.

Inbuilt technical indicators: the MT4 has 30 while the MT5 has 38. Add-on apps can extend the number of indicators to thousands.

Analytical objects used in technical analysis: the MT4 comes with 24 while the MT5 has 44.

Multiple order management including 4 pending orders on the MT4 while the MT5 has 6 pending orders.

Trade automation using expert advisors (eas). Clients can automate their strategies by building and installing an EA within the metatrader platforms.

Access to the metatrader market from the platform. This market sells eas, indicators, signals and other trading tools that can benefit a trader.

Alert notifications via email, SMS & pop-up alerts.

Freshforex review: mobile trading apps

Freshforex review: trading tools

Economic calendar

This calendar displays the events that are known to have impacts on the markets as well as the event’s starting time. Click any event to display its detailed info, charts, forecast and history. The economic calendar is provided on the brokers website and also on the MT5 trading platform. The calendar can be personalised to show only the trader’s time zone, favourite countries and dates of events.

Freshforex review: economic calendar

Forex fundamental analysis

This is a section of the ‘fresh forecast’ that analyses the different messages, reports, news and rumours and how they influence the tradable assets. It is updated daily on the broker website and focuses on the major currency pairs. It is prepared by freshforex in-house analysts and the daily updates normally ends with trading recommendations.

Technical analysis: trend potential

This analysis is updated daily on the broker website. It focuses on the major EURUSD, USDJPY and the GBPUSD currency pairs. The forex analysis is based on complex chart analysis using indicators and other tools. Trade recommendations are given at the end of the analysis.

Elliot wave analysis

This is also presented on the website daily by a freshforex expert. The analysis is for the major EURUSD, GBPUSD and the USDJPY currency pairs. After the analysis, trade recommendations are given.

Analysis of margin levels

This analysis is updated daily on the website by ‘james hoggarth’; a freshforex analyst. He only analyses the major EURUSD, USDJPY and the GBPUSD currency pairs. The analysis ends with potential trading opportunities.

Huckster forex advisor shop

This is a shop operated by freshforex where clients can get eas, indicators and scripts. The broker states that these softwares are created by top developers. Many of them are free whilst some are paid.

Virtual private server (VPS)

Freshforex offers VPS hosting to all clients who require reliable, stable and quick connection to the trading servers. A VPS can be very important to traders who use eas and other trading systems. They allow you to run your trading platform 24/7 without needing your computer switched on. The VPS is free for the first 24 hours after which the client is charged $10 per month, $27 for 3 months, $49 for 6 months and $95 for one-year subscriptions.

Freshforex easy bot service

This is an innovative idea of trading through ‘telegram’ app on smart phones. All you need to do is to login to telegram, search for freshforexeasybot on a live account or demo account. The bot will provide information needed for trading. It should be noted that there are no guarantees to the quality of signals provided using this service.

Forex trading signals

Freshforex gives trading signals in real time. The signals are for 7 forex pairs, 7 commodities, 7 indices and 7 stock cfds. The trader can choose the desired timeframe to see the real-time signals. The signals are given as strong buy, strong sell, buy, sell and neutral. There is by no means any guarantee on the results of these signals.

Freshforex review: trading signals

Freshforex review: education

The educational section of the website features an interactive tutorial consisting of 4 courses and a test, covering the following:

Introduction to the forex market: contains 6 lessons on trading, platform, charts, etc

How to predict the price movement: contains lessons on fundamental, technical and chart analysis.

What do you need for profitable trading? This consists of lessons on psychology of forex trading, money management in forex, etc.

Trading system: has 6 lessons on trading systems, trade automation, trading strategies, etc.

There is a glossary of over 30 forex trading terms and their definitions are provided for easy reference.

Freshforex has a list of recommended books for all clients to read and improve their knowledge. There are about 26 books on technical analysis, fundamental analysis, forex introduction, money management and trading psychology.

Webinars are always scheduled on the website. Interested clients can register for the next webinar.

The forex encyclopedia is a series of articles relating to several topics on economics, forex, cfds, online trading, etc. The encyclopedia can be searched by topics, by category or by alphabetical order.

Freshforex review: trading instruments

The following instruments are available for trading online:

49 forex currency pairs (major, minor & exotic crosses)

65 stock cfds

11 indices

3 energies

5 metals

6 cryptocurrencies

Freshforex review: trading accounts & fees

Freshforex accounts are not dependent on the trader’s capital. There are no minimum deposits required; rather the broker recommends a befitting amount that should be deposited to enjoy the benefits of the account. You should only ever trade with what you can afford as trading always carries an element of risk. The MT4 and MT5 platforms are available to all account types.

Procent account

This is the account denominated in cents. It is geared more towards new traders who wish to try out a live account and for practising trading strategies. It allows the trading of micro lots of 10 units of base currency. The maximum leverage is 1:1000.

Classic account

Freshforex recommends $200 deposit to open this account type. The fixed spreads starts from 2 pips and the leverage is from 1:25 to 1:200. The maximum order size is 20 lots and no commissions are charged.

Market pro account

The recommended minimum balance is $400. The floating spreads start from 0.9 pips while the leverage ranges from 1:20 to 1:500. The maximum order size is 100 lots and no commissions are charged o trades.

ECN account

The recommended deposit amount is $2,000. The spreads start from 0 pips and the maximum order size is 10,000 lots. Leverage ranges from 1:20 to 1:500 and commissions of 0.03% per contract are charged.

Freshforex review: account types

Swap free accounts that comply with sharia law are available for muslims. Swap free accounts only available on the MT4 trading platform. Demo accounts are freely available to all clients for practice purposes. You can test the different trading platforms and your trading strategies.

As broker fees can vary and change, there may be additional fees that are not listed in this freshforex review. It is imperative to ensure that you check and understand all of the latest information before you open a freshforex broker account for online trading.

Freshforex review: customer service

The freshforex customer support team is friendly, swift and available 24/5. The fastest way to reach the support desk is through online chat on the website. The team can also be reached via email and phone. The support team is multilingual.

Freshforex review: deposit & withdrawal

Freshforex prides itself as a broker that does not charge deposit fees and commissions on some funding options. It also says that withdrawals are processed within a few minutes. It should be noted that payment processors may charge additional fees.

The following payment methods are available to freshforex clients:

Banks of malaysia: the minimum deposit is 50 MYR while the maximum is 50,000 MYR. The deposit is made online from the client’s bank account to freshforex bank account. For withdrawals, 3% of the transaction amount is charged and it takes 1-5 business days.

Skrill: the minimum deposit amount is $30 while the maximum amount is $1,000 per transaction. The average transaction time is less than 15 minutes. Withdrawals are charged at 1% and it takes about 10 minutes to complete.

Credit/debit cards: the minimum deposit is $10 while the maximum is $5,000 per transaction. The withdrawal charge is 2.5% + $5 and it takes 1-5 days to process.

Neteller: the minimum deposit is $10 while the maximum is $10,000

Electronic payment systems: these electronic payments are instant, convenient, secure and free of commissions. The methods accepted are epayservice, QIWI, webmoney, fasapay, advcash and perfect money. For withdrawals, the charges range from 0.5% to 2% of the transaction amount. It all depends on the exact method used. Withdrawals are processed within 10 minutes after the request has been approved.

Bitcoin: this is for clients who own bitcoins. The client trading account is credited when the transferred bitcoin reaches the broker’s bitcoin wallet. There are no deposit fees and the transactions are promptly processed. Withdrawals are charged at 1% and its processing time depends on the blockchain network.

Freshforex review: broker account funding

Freshforex review: account opening

To open a trading account with freshforex, visit the website and click on ‘login to client area’ located beside the menu bar. From the pop-up window that displays, click ‘register’ to display the form below.

Freshforex review: broker account opening

Input your mobile phone number, email address and click ‘next’. Then enter your name, platform of choice, account type, base currency, and preferred leverage. Verify your email and phone numbers by entering the codes sent, then, click ‘open real account.’ you will be automatically logged into the client area where you can complete your profile, submit KYC documents, make deposits, download platforms and commence trading online when you feel ready to do so.

Freshforex review: client area

Freshforex review: conclusion

Freshforex has been in operation for over 15 years and have been chosen by thousands of traders from 158 countries across the world. The broker offers ECN executions resulting in reasonable execution speeds, competitive trading fees and minimal requotes. The metatrader platforms are a popular choice as the platforms serve both experts and beginner traders very well.

The broker provides a range of trading resources which includes a forex encyclopaedia and forex trading courses. The demo account and the procent accounts can be useful to those who are new to online trading and need practice before trading with real money. Multiple payment options are also provided to accommodate the flexible needs of clients.

Freshforex has a hardworking in-house team of analysts who come up with daily market analysis, trading ideas, signals and webinars. These and other trading tools can help to give any trader ideas for potential trading signals.

Despite this, the regulatory status of freshforex is a source of huge concern and for this reason alone we would choose to go with a regulated broker that offers clients more protection and transparency. See our best trading brokers for alternative options.

Margin trading on forex involves high risk and can lead to significant financial losses. Before deciding to trade a trader should understand the risk, experience and knowledge level.

Min $1 deposit

Freshforex is an STP/ECN broker that provides forex & CFD online trading via the MT4/MT5 platforms. The broker has ‘smart bridge’ technology & offers trading signals along with daily analysis. However, regulation is distinctly lacking.

Freshforex review

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

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?

Freshforex regulation

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 accounts

Freshforex offers three types of accounts:

Classic

Market pro

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.

Classic account

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.

Market pro

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.

ECN account

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.

Freshforex bonus

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.

Freshforex platforms

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.

Freshforex.Com review 2020 –is freshforex legit or A scam?

You are welcome to mitrobe network freshforex.Com review. In this comprehensive guide, I am going to let you know if freshforex is a scam or legit forex MLM company.

Freshforex.Com review 2020 –is freshforex legit or A scam?

Freshforex is an online forex broker launched in 2008 and which offers services ranging from forex trading down to share dealing trading, CFD trading and social trading.

With its head office in russia, freshforex has strongly established itself as a global broker with a notable profile touting the broker as having attracted more than 10,000 traders.

In this article, you’ll find out useful information about freshforex including the advantages and disadvantages of trading with the forex broker.

How to register with freshforex

To get started as a forex trader on freshforex, you’ll have to sign up for an account. Provide the sign-up information required of you so that you can get login details via your email. Subsequently, submit your identification documents so that the account can get validated. Finally, deposit fund in the account and download your preferred trading platform to get started.

What are the pros of freshforex?

Versatile language support –courtesy of its support for multiple languages, freshforex makes it possible for traders to select the (official) language(s) they understand most, hence helping them to better understand how the trading platform works. Advantageously, freshforex supports a decent number of languages including english, french, spanish, portuguese, italian, arabic, russian, hebrew, hindi, slovenian, polish, romanian, german, chinese and czech.

Excellent customer support –this, of course, is one of freshforex’s advantages over several other forex brokers. Freshforex therefore provides customers with email support, the option of phone conversation and a live chat. All of these support features combine to give the traders on freshforex a real shot at lodging their complaints easily and getting them resolved in time.

Variety in the account types offered –freshforex paves the way for its users to conveniently choose the account type(s) they deem suitable depending on their trading experience, goals and expectations. For instance, somebody without sufficient background knowledge of freshforex may first opt for the demo account. This way, such a person is very likely to have a better feel of how freshforex works before making any funding payment. Obviously, freshforex’s demo account is likely your surest bet if you’re willing to first learn how trading is done on freshforex. In addition to the demo account (which is clearly freshforex’s practice account), below are the other trading accounts offered by freshforex:

Mini account

STP account

Standard account

Islamic account

ECN account

It offers a broad range of trading instruments –with freshforex, traders are at liberty of trading a broad array of instruments, reported to be as many as 116 instruments.

What are the cons of freshforex?

Charging of inactivity fees –this implies that as a registered freshforex trader, you may be charged a certain fee for having failed to use your freshforex account (for buying or selling) over a given period of time. Inactivity fees shouldn’t appear unusual to majority of experienced forex traders as some financial service firms also tend to charge their clients certain fees for being inactive.

No FCA regulation –some reports have claimed that freshforex is not an FCA-regulated broker but people trading with freshforex are still guaranteed financial security as freshforex is duly regulated by CRFIN and KROUFR.

While CRFIN stands for centre for regulation in OTC financial instruments and technologies, KROUFR serves as the commission for the regulation of relations on the financial market.

Fund deposit on freshforex

To fund your freshforex account, you can select any of the supported payment methods namely neteller, skrill and credit cards. It’s important you note that the payment method you’re able to access (for funding your freshforex account) will be largely determined by your country of residence and your freshforex entity.

Also important is the fact that 100 USD is the minimum amount you can deposit in your freshforex account to begin trading with the forex broker.

Conclusion

Freshforex is not FCA-regulated as noted earlier, the forex broker is still duly regulated by two trusted agencies –CRFIN and KROUFR. This, arguably, is a likely indication that it is safe to trade with freshforex.

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Freshforex review

This broker was not featured in our 2021 broker review audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. All brokers are then given a score out of 100. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

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Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers.

Whether you need a new place to crash to make your financial trades, or you are a beginner in forex market, you will have to be patient and attentive till you find the right choice to make. Choosing a forex broker, of course, is never easy or should be fast. On the contrary – finely take a look at many options, consider different reviews, compare and test till you can be 101% sure that you have come upon the right financial trading platform. Speaking of reviews and proper forex websites, a forex broker page review is about to be presented by our well-trained and professionally educated team. Check out our detailed and comprehensive top-notched freshforex review now. See if this is that kind of a broker you have been recently looking for!

Freshforex broker – preliminary first view of the broker

Freshforex is a typical forex broker that has been on the market for more than 10 years. With more than a decade of rich experience, this platform has been considered to be equally suitable for both – beginners in the field and more advanced traders, who need more options and features to choose from and to enjoy. Freshforex is owned by a reputable and well-known company that has been also part of the financial services world for many years – ristal capital. This is a typical big russian company with significant influence on forex world in its country. However, freshforex is also very popular among the whole european union and recently – the world – too, because it has succeeded to prove its finest reputation and reliability. Mainly, the trustworthy nature behind freshforex website comes from the main broker`s regulation – strict program that is provided by russian national financial regulator CRFIN. But if you think that personal data protection and financial transparency is an easy thing to be hold only by a single agency, you are wrong. And freshforex chiefs understand this at a full value. This is why the broker has an additional regulation body that handles the disputes and the penalties in case of omissions – KROUFR is that extra regulating support.

Freshforex – financial trading features

Freshforex is a customer-friendly website with numerous trading features. It is especially simple to be used and helpful to beginners, because it has a whole education center with free lessons and tutorials to offer. The broker offers the three main currencies for account management – EUR, USD and RRB. It has personal manager option, good opportunities for urgent telephone trading, as well as fine environment for scalping and hedging. There are stocks, commodities, foreign currency pairs and indices to make trades with. The payout is averagely high – above 87%. The spreads are various, but the USD/EUR pip is really satisfying. The margin call level is about 15% and the automated trading system is always allowed to be offered.

Freshforex account types

What is typical for freshforex broker is that it has numerous types of trading accounts. See them all now:

Islamic account for all muslim traders from all over the world, if their countries allow forex activity

Demo account for people, who need to test the platform in advance or their personal skills and new knowledge

Standard account type with small minimum deposit requirement and fast registration

ECN account with spreads from 0 pips

Partner account for all traders, who prefer to make trades together and to share the risk

Freshforex payment methods

The first thing you need to do on the website is to make a registration, where the main question you`ll be asked is how you`ll manage your finances. Or what the payment methods at the website are. They are offered for both – withdrawals and deposits:

Credit and debit card

China unionpay

Okpay

Neteller

Webmoney

Wallet one

Skrill moneybookers

Fasapay

Bank wire transfer

Cash point

Freshforex trading platform

Trading on freshforex website is very easy and pleasant because of its great trading platform. The website is using metatrader 4 – the real leader among all of the web-based platforms in the world. Also, the broker does have a mobile version, so if you want to make trades on the go, simply use your mobile device browser to type the name of the website and to make trades anywhere and anytime.

Freshforex customer support services

Do not hesitate to ask a question, name an inquiry or get additional information from freshforex kind and polite customer support representatives. The customer support of this broker is available for you 5 days per week (without weekends) and from 10 to 19 o-clock local russian time. Communication is via e-mail, phone call or online live chat. Feel free to use one of these languages: russian, english, german, chinese, arabic, italian and many more.

Freshforex bonus system

Last, but not least, find out the special offers and promotions freshforex is generous enough to offer to its audience now. See the currently available bonuses at the website:

50% forex rebate bonus on any $5 trade

36% pet annum promotion that offers you the most exclusive interest rates

Change your current broker and switch to freshforex and you will get a welcome bonus of 50% of your first deposit. The more you deposit, the more you will get as a bonus!

35% deposit bonus on each of your next deposits

Double deposit bonus with special rules you should check out on the website! Read them once you have an official forex trading account and have the best bonus ever!

Freshforex is a fantastic opportunity to receive cool bonuses, to be invited in a really client-friendly forex environment and to share your experience with traders like from all over the world. The broker is reliable and interesting, so do not miss it out!
Have a look at our top rated forex brokers in your country:

Is freshforex regulated

Freshforex – detailed review and trader feedback 2021

Since 2004, the broker «freshforex» carries out its financial activity. The service is registered and regulated by the public authorities of saint vincent and the grenadines and is owned by the brokerage structure riston capital ltd. All supporting documentation is available on the official resource.

1. «freshforex» - general information

Website is available in ten languages. Today, «freshforex» offers users an extensive range of services, including operations on forex, precious metals CFD, indexes, securities and energy, as well as smart bridge technology transaction hedging service. In addition, the broker offers its clients the opportunity to trade training, extensive bonus and affiliate programs, as well as 24-hour technical support.

According to the results of an independent survey conducted by reputable «interfax», «freshforex» was among the top 10 best brokers of the russian federation in 2011. In 2016, the similar result was achieved, despite the lack of official representation of the company in the country.

2. Advantages and disadvantages

Extensive experience: «freshforex» has been successfully operating in this market for more than 15 years. It is among the most rated financial organizations, which indicates its high status, reliability and professionalism.

Favorable trading conditions: the leverage is from 1 to 2000, there are more than 140 trade instruments, which implies wide range of opportunities for investment and stable earnings in the financial market.

No initial deposit: customers can invest any amount. The conditions are optimal for both experienced investors and beginners.

Free analytics at a professional level: analytical forecasts from the company's specialists allow traders to invest their funds more profitably, to understand in detail the market trends and directions of possible change of asset price.

Honest and transparent bonus policy: now the service has several bonus programs: «101% for replenishment», cashback, «golden words», «200% for each replenishment», as well as bonuses for writing thematic articles. The conditions for each offer are specified on the official website of the company.

Instant execution of orders with narrow spreads: freshforex servers are in close proximity to the trading servers of the main financial markets, forming a network of proven liquidity providers. With the arrival of important financial news, clients are provided with an instant market execution for 0.05 seconds, fairly tight spreads and best prices are formed.

No fees for making deposits: despite the method of replenishment, there is no extra payment.

Instant withdrawal of earned funds: the standard duration of processing user withdrawal request for an earned capital is up to 10 minutes while it is made during the working day.

Demo account: each user can create a training account to try to trade in the market without investing funds and any risks.

No license in the russian federation: some traders are confused by the fact of unlicensed activity on the territory of the russian federation, despite the presence of permits of other countries.

No company's offices in the russian federation.

Inability to transfer funds in trust: all operations in the financial market are performed by the investor

3. Trade conditions

Investors can use the following assets, which are available on each account:

49 forex pairs;

7 precious metals CFD;

68 securities CFD of different companies;

1 index CFD;

6 cryptocurrency CFD.

Currency pairs are the most popular trading instrument among investors. Due to the high volatility index, with this type of instrument you can get a stable income. As for the securities, the broker's clients earn on shares of nvidia, qiwi, apple, ebay, goldman sachs, etc. If you have enough experience, you can earn money by using various options of energy. All categories of investors can use forex, CFD and stock market yield cards.

4. Trade platform

Meta quotes MT4 and MT5 terminals are provided for market activities. Programs open access to transactions with any accounts. When you make MT5 active, swap free option is unavailable. If you need it for work, you should register account for metatrader4. Additional servers include VPS for the continuous operation of trading advisors and «freshforex easy bot», which shows the latest recommendations via telegram channel.

5. Account type

The following types of accounts are available for creating in «freshforex»:

Classic trade account is an account with the ability to perform transactions with currency and base assets. The investor can use 130 trading instruments with leverage of 1 to 2000. The minimum order is 0.01 lot. Spread - from 2 points.

Affiliate market pro is recommended for experienced users, including traders working at minimum intervals (scalpers). Leverage is from 1 to 25 to 1 to 500. Floating spread is from 0.9 points.

ECN provides access to transactions on the interbank market at the market price. Execution of orders for the purchase or sale of an asset are up to 0.05 seconds. The spread is from 0 points. There is a commission of 0.003% for the contract.

Swap free is a special account recommended for investors who open and operate long-term trading positions. There is no fee for the positions swap for subsequent trading sessions, fixed commission is paid. If necessary, this option can be activated in other trade accounts.

Procent is a cent account for transactions in real market conditions with no risk. This type of account is optimal for inexperienced users and investors who use trading advisors

6. Creating accounts and withdrawal of funds

To create an account, you need to visit the company's website and select the desired option in the «trading conditions» section. In the next window click on «create account», and then go through the standard registration procedure. At the first stage, the client must specify the country of residence, mobile phone number and e-mail address. At the second stage, you need to enter your personal data and choose the account parameters. After the operation is completed, the system will send a confirmation letter with login and password to the specified E-mail.

There are more than 20 ways to deposit and withdraw funds, including bank cards, bank transfers and electronic payment services. When replenishment is done, «freshforex» compensates the amount of commission of payment systems, withdrawal provides standard commission. For example:

3.5% for bank cards with ruble account;

2.8% for bank transfer;

2% for ruble transfers and 3% for currency on qiwi;

2% for yandex.Money service;

0.8% for webmoney service;

1% for skrill system.

Each user can choose the best option with an acceptable amount of commission.

7. Demo account

The company's website provides the opportunity to activate a training account with a «virtual currency». It can be used to study trading without the possibility of real profits. Access to the demo account is provided after the standard registration.

8. Mobile trade

The service provides customers with the opportunity to use mobile trading using mobile applications of trading platforms developed for ios and android. Mobile versions are provided for MT4 and MT5. Programs are available for download in play market and appstore. Applications are for free. Main features of mobile platforms:

Online listing of market instruments;

Full set of orders, including pending ones;

Ability to perform transactions directly from the chart;

All types of operations are supported;

Detailed history of all transactions.

The interface of mobile terminals is simple and convenient. Charts are available in three versions: bars, broken line and candles with zoom and scrolling. 7 time intervals are available: M1, M5, M15, M30, H1, H4 and D1

9. Trader training

«freshforex» has an extensive training system, which includes online trainings, video lessons with comments, as well as various literature on trading topic. According to users' feedback, the basic course of forex trading allows you to master the necessary trading skills in a short time.

For experienced investors, special courses have been developed; they include the secrets of working in the market presented in detail, specific methods of market review, which give the most accurate idea of the subsequent fluctuations in the value of assets.

«freshforex» webinars are held every week. The experts provide customers with reviews of the market situation, offer you ready-made trading strategies and acquaint with the possible consequences of the publication of important news. During the webinars, users can be consulted by experienced analysts online, learn from their experience and knowledge.

10. Trading strategy

Various strategies can be used on the broker's platforms: short-term, medium-term and long-term. Due to a wide range of financial instruments and effective analytics, it is possible to study in detail the behavior of the market and the change of the assets value.

In addition, «freshforex» is a great option for making transactions based on news and scalping the market. For profitable scalping, the client should add the «rebate» bonus and compensate up to 20 USD for any closed order.
To choose the right strategy, customers can use:

Determining the asset level;

Fundamental analysis;

Murray levels analysis;

Wave analysis;

Optional analytics;

Analysis of margin positions.

Additionally, a calendar of future events, metaquotes news and schedule of working sessions are available on the broker's website. Forex huckster, a special service of advisers, is also available

11. Regulation and solution to the disputes

The company has all the necessary permits for the right to provide financial and investment services from the regulators of saint vincent and the grenadines, as well as a license of commission on regulation of relations of financial market participants for performing activities in the russian federation.

Currently, «freshforex» covers more than 158 countries with a huge number of active users. The broker has about thirty awards, including best trading experience, best trading conditions award, best bonus program and best customer service (from masterforex-V).

An additional factor testifying to the reliability of the organization is the availability of liquidity providers with a european license.
Technical support works 24-hours and responds quickly to user requests, which also indicates the reliability of the broker and the high quality of its work.

12. Should you trade with freshforex?

The company does not have the license from the central bank of the russian federation, but this is one of the few disadvantages of the broker, which is compensated by the presence of other permits and a high level of reliability in general. Withdrawal of earned funds is carried out without failures and fast, which cannot be provided by many other similar organizations.

Clients are offered several accounts for different trade options and more than 140 financial instruments. The extensive training section helps not only beginners in learning the basics of trading, but also experienced investors who want to develop their skills. You can work with this company, especially since there are extensive bonus and affiliate programs, where everyone can earn extra points or get points for use in transactions in the market

Freshforex review

Freshforex review, pros & cons

Fixed & variable spread accounts

No minimum deposit required to commence live trading

Daily analysis & trading signals

Metatrader platforms

Flexible account types

Unregulated broker

Clients from north korea, spain, UK & USA are not accepted

Marked up spreads

Limited range of trading instruments

In this detailed freshforex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Freshforex review: summary

Freshforex review: smart bridge technology

Freshforex review: broker awards

Freshforex review: regulation

Freshforex review: countries

Freshforex review: trading platforms

Freshforex review: MT4 trading platform

Here are some of the core functions of the MT4/MT5 platforms:

Simple and user friendly interface on both desktop and mobile apps.

Customisable windows, charts, layouts and colours.

Trading instruments’ quotes are displayed in real time. It can be customised to display only the assets of interest to the trader.

3 chart styles namely: bar charts, line charts and candlesticks.

The charts can be displayed on 9 timeframes on the MT4 while the MT5 has up to 21 timeframes.

Inbuilt technical indicators: the MT4 has 30 while the MT5 has 38. Add-on apps can extend the number of indicators to thousands.

Analytical objects used in technical analysis: the MT4 comes with 24 while the MT5 has 44.

Multiple order management including 4 pending orders on the MT4 while the MT5 has 6 pending orders.

Trade automation using expert advisors (eas). Clients can automate their strategies by building and installing an EA within the metatrader platforms.

Access to the metatrader market from the platform. This market sells eas, indicators, signals and other trading tools that can benefit a trader.

Alert notifications via email, SMS & pop-up alerts.

Freshforex review: mobile trading apps

Freshforex review: trading tools

Economic calendar

Freshforex review: economic calendar

Forex fundamental analysis

Technical analysis: trend potential

Elliot wave analysis

This is also presented on the website daily by a freshforex expert. The analysis is for the major EURUSD, GBPUSD and the USDJPY currency pairs. After the analysis, trade recommendations are given.

Analysis of margin levels

Huckster forex advisor shop

Virtual private server (VPS)

Freshforex easy bot service

Forex trading signals

Freshforex review: trading signals

Freshforex review: education

The educational section of the website features an interactive tutorial consisting of 4 courses and a test, covering the following:

Introduction to the forex market: contains 6 lessons on trading, platform, charts, etc

How to predict the price movement: contains lessons on fundamental, technical and chart analysis.

What do you need for profitable trading? This consists of lessons on psychology of forex trading, money management in forex, etc.

Trading system: has 6 lessons on trading systems, trade automation, trading strategies, etc.

There is a glossary of over 30 forex trading terms and their definitions are provided for easy reference.

Webinars are always scheduled on the website. Interested clients can register for the next webinar.

Freshforex review: trading instruments

The following instruments are available for trading online:

49 forex currency pairs (major, minor & exotic crosses)

65 stock cfds

11 indices

3 energies

5 metals

6 cryptocurrencies

Freshforex review: trading accounts & fees

Procent account

Classic account

Market pro account

ECN account

Freshforex review: account types

Freshforex review: customer service

Freshforex review: deposit & withdrawal

The following payment methods are available to freshforex clients:

Banks of malaysia: the minimum deposit is 50 MYR while the maximum is 50,000 MYR. The deposit is made online from the client’s bank account to freshforex bank account. For withdrawals, 3% of the transaction amount is charged and it takes 1-5 business days.

Skrill: the minimum deposit amount is $30 while the maximum amount is $1,000 per transaction. The average transaction time is less than 15 minutes. Withdrawals are charged at 1% and it takes about 10 minutes to complete.

Credit/debit cards: the minimum deposit is $10 while the maximum is $5,000 per transaction. The withdrawal charge is 2.5% + $5 and it takes 1-5 days to process.

Neteller: the minimum deposit is $10 while the maximum is $10,000

Electronic payment systems: these electronic payments are instant, convenient, secure and free of commissions. The methods accepted are epayservice, QIWI, webmoney, fasapay, advcash and perfect money. For withdrawals, the charges range from 0.5% to 2% of the transaction amount. It all depends on the exact method used. Withdrawals are processed within 10 minutes after the request has been approved.

Bitcoin: this is for clients who own bitcoins. The client trading account is credited when the transferred bitcoin reaches the broker’s bitcoin wallet. There are no deposit fees and the transactions are promptly processed. Withdrawals are charged at 1% and its processing time depends on the blockchain network.

Freshforex review: broker account funding

Freshforex review: account opening

Freshforex review: broker account opening

Freshforex review: client area

Freshforex review: conclusion

Margin trading on forex involves high risk and can lead to significant financial losses. Before deciding to trade a trader should understand the risk, experience and knowledge level.

Min $1 deposit

So, let's see, what we have: forex regulation in europe in europe services on over-the-counter (retail) currency market are mainly rendered by investment companies (according to mifid terms). These companies ensuring at is freshforex regulated