Score
Saint Vincent and the Grenadines
|
5-10 years
| https://freshforex.com/
Website
Rating Index
MT4/5
Full License
FreshForex-MT5
Influence
B
Influence index NO.1
Albania 4.68
MT4/5 Identification
Full License
FranceInfluence
B
Influence index NO.1
Albania 4.68
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiResearch
Bulgaria
freshforex.org freshforex.com freshforex.cn
VIP is not activated.
| Quick FreshForex Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | 270+, forex, CFD |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Min Deposit | $10 |
| Leverage | 1:25 - 1:2000 |
| Spread | Fixed from 2 pips (Classic account) |
| Trading Platform | MT4 and MT5 |
| Customer Support | 24/5 live chat, Telegram |
| Tel: +442070992124 (from 07:00 to 16:00 GMT) | |
| Email: info@freshforex.com | |
FreshForex, an online brokerage platform, offers a wide range of trading instruments. They provide their clients with the popular MT4 and MT5, known for their advanced features and user-friendly interface.
However, it is important to note that FreshForex currently operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
| Pros | Cons |
|
|
|
|
| |
| |
| |
|
FreshForex is currently operating without proper regulation, indicating a lack of oversight from government or financial authorities. This lack of regulation brings about risks when considering investing with them.
Therefore, it is recommended to conduct comprehensive research and carefully evaluate the potential risks and rewards before deciding to invest. It is generally advisable to choose regulated brokers to ensure the safety and protection of your funds.
FreshForex offers 270+ trading insruments, including forex and CFDs.
FreshForex provides flexible leverage ranging from 1:25 to 1:2000, which can be attractive to traders seeking higher returns with a smaller initial investment.
However, it is important to understand that while high leverage can lead to significant profits, it also comes with increased risks. The higher the leverage, the greater the potential for both gains and losses. Traders is supposed to be aware that losses can also be magnified, and even a small unfavorable price movement can result in a substantial loss.
Trading Platforms
FreshForex offers its clients the popular MT4 and MT5. These platforms are widely recognized in the industry for their advanced features, user-friendly interface, and extensive trading capabilities.
MT4 is a well-known and widely used trading platform, offering a comprehensive set of tools for traders of all levels. It provides a range of features such as real-time price quotes and various order types for efficient trade execution.
MT5 is the successor to MT4 and offers even more advanced features and capabilities. In addition to everything available in MT4, MT5 provides access to additional markets, including stocks and futures. It offers a more extensive selection of technical indicators and charting tools for in-depth analysis. Like MT4, MT5 allows for the creation and use of EAs, offering the flexibility to automate trading strategies.
Deposit
| Deposit Method | Min Deposit | Deposit Fee | Deposit Time |
| Cryptocurrencies | |||
| Bitcoin | 0.0005 BTC | ❌ | Min. 3 confirmations |
| Bitcoin Cash | 0.07 BCH | ||
| Litecoin | 0.4 LTC | ||
| Tether ERC20 | 30 USDT | Depends on the blockchain network | |
| Tether USDT (TRC20) | 25 USDT | ||
| Binance Coin | 0.045 BNB | ||
| Ethereum | 0.01 ETH | ||
| Ripple | 50 XRP | ||
| Stellar | 30 XLM | ||
| USDC | 25 USD | ||
| E Payments | |||
| Sticpay | 2 100 INR, 390 000 IDR, 1 500 PHP, 900 THB, 630 000 VND, 25 USD/EUR | ❌ | Instant |
| Webmoney | 150 USD | 30% | |
| Volet | 25 USD/EUR | ❌ | |
| OnlineNaira NGN | 44 000 NGN | ||
| OnlineNaira USD | 25 USD | ||
| E-wallets of the Phillipines | 2 500 PHB | ||
| ฝากด่วนออนไลน์ | 900 THB | ||
| Gửi Tiền Nhanh | 630 000 VND | ||
| My direct | 110 MYR | ||
| Transfer Kilat | 390 000 IDR | ||
| Express Payment | 1 500 PHP | ||
| Kuchinga: App, Ozow, Snapscan, Cards, Voucher | 450 ZAR | ||
| Kuchinga: APP, Instant Bank, Cards, Voucher | 44 000 NGN | Up to 24 hours | |
| Bank cards | |||
| Mastercard | 50 USD/EUR | ❌ | Instant |
| Bank cards (GP) | 25 USD/ 2 100 INR | Up to 24 hours | |
| Visa/MasterCard NGN | 44 000 NGN | Instant | |
| Visa/Mastercard | 25 EUR | ||
| Mobile payments | |||
| M-Pesa | 3 500 KES | ❌ | 1 day |
| Internet banking | |||
| Banks | 110 MYR, 2 500 PHP, 390 000 IDR, 630 000 VND, 900 THB | ❌ | Instant |
| Banks of Nigeria | 44 000 NGN | 3 - 7 days |
Withdrawal
| Withdrawal Method | Withdrawal Fee | Withdrawal Time |
| Cryptocurrencies | ||
| Bitcoin | 1% BTC (min 0,0001 BTC) | Depends on the blockchain network |
| Tether ERC20 | 0.5% USDT + 5 USD | |
| Ethereum | 0.1% ETH (min 3 USD, max 10 USD) | |
| Ripple | 0.1% XRP (min 3 USD, max 10 USD) | |
| Tether TRC20 | 0.5% USDT + 2 USD | |
| Bitcoin Cash | 0.5% BCH (min 0.005 BCH) | |
| Litecoin | 0.5% LTC (min 0.015 LTC) | |
| E Payments | ||
| Webmoney | 0.8% USD | Instant |
| Volet | 2% USD/EUR | |
| OnlineNaira | ❌ | |
| Ozow | 2% ZAR + 10 ZAR | 5 bank days |
| Snapscan | ||
| Sticpay | 2.5% USD/EUR + 0.3 USD | Instant |
| Bank cards | ||
| Visa/Mastercard | 2.5% USD/EUR + 5 USD/EUR | 5 bank days |
| Mobile payments | ||
| M-Pesa | 5% KES + 80 KES | 5 bank days |
| Internet banking | ||
| Banks | 3% MYR/IDR/VND/THB/PHP (min 1 USD) | 5 bank days |
| Banks of Nigeria | 1% NGN + 1 500 NGN |
Customers can visit their office or get in touch with customer service line 24/5 using the information provided below:
Live chat
Telephone: +44 2070992124 (from 07:00 to 16:00 GMT)
Email: info@freshforex.com
Additionally, FreshForex provides a Frequently Asked Questions (FAQ) section on their website to assist clients with commonly raised questions and provide pertinent information.
In conclusion, it is important to exercise caution when considering FreshForex as an investment platform. At present, FreshForex operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.
While FreshForex offers a wide range of trading instruments and popular trading platforms like MT4 and MT5, the absence of regulatory oversight means that investors may face increased risks, including potential difficulties in withdrawal and the possibility of falling victim to scams.
| Q 1: | Is FreshForex regulated? |
| A 1: | No. |
| Q 2: | Does FreshForex offer demo accounts? |
| A 2: | Yes. |
| Q 3: | Does FreshForex offer the industry leading MT4 & MT5? |
| A 3: | Yes. Both MT4 and MT5 are available. |
| Q 4: | What is the minimum deposit for FreshForex? |
| A 4: | $10. |
| Q 5: | Is FreshForex a good broker for beginners? |
| A 5: | No. It is not an ideal choice for beginners because of its unregulated condition. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
FreshForex adds to the list of fraudulent forex brokers who look nice and clean at first glance. But as you move along with it, all you witness is SCAM! Read this exposure story to know what explains our criticism of the broker.
Freshforex broker that is offering traders with products you would like to trade on, such as Forex, CFD and Crypto for your best choice. Is hereby announcing the change of some trading hours for their products as a result of Independence Day in US on 4th July. Therefore, clients are advised to be aware of the changes.
It is the intelligence created by nature, natural evolutionary mechanisms, as biological intelligence embodied as the brain, animal and human and any hypothetical alien intelligence.
FreshForex is a broker offering forex through several account types and the MT4 platform. In line with the upcoming celebration of Martin Luther King Day in the United States on January 16, this broker too has informed it's clients that there will be changes in the schedule of trading sessions.
To all Traders, kindly be informed that, The European Central Bank raised its key rate by 50 basis points to 2.5%. This is the highest rate since January 2009. The central bank warns that aggressive rate hikes are far from over. Like the US Federal Reserve, the ECB expects to bring inflation to the level of 2%. Experts expect to see the final rate in the region of 3.5%.
FreshForex is a broker offering forex and CFD trading through several account types and the MT4 platform. Although the broker doesn't seem to be fully regulated based on our investigation, it still offers some educational articles for its clients.
FreshForex is not regulated, and for me, that’s a significant concern. When considering whether to trust a broker with my funds, regulatory oversight is one of the first things I check. FreshForex operates out of Saint Vincent and the Grenadines, a location known for being an offshore jurisdiction with no financial authority overseeing the broker's operations. This lack of regulation creates uncertainty for me because, without the protection of a recognized financial authority, I cannot be sure that my funds are safe or that the broker is following industry standards. As part of my freshforex review, I would say that this unregulated status is a red flag, and I would highly recommend being cautious when deciding whether to use freshforex mt5 or any platform from an unregulated broker. Personally, I prefer brokers regulated by top-tier authorities like the FCA, ASIC, or CySEC to ensure that they follow strict guidelines for client protection. While FreshForex does offer attractive features, such as a freshforex minimum deposit of just $10, it’s not enough to outweigh the risks involved in using an unregulated broker. I would strongly suggest researching thoroughly before proceeding with freshforex login, as the lack of regulatory protection leaves you vulnerable in case of disputes or financial issues.
Yes, FreshForex charges withdrawal fees, and for me, this is a major downside. Withdrawal fees vary depending on the payment method I use. For instance, cryptocurrency withdrawals incur a 1% fee, while e-wallets like Webmoney can charge up to 2%. These fees can eat into my profits, especially if I’m withdrawing funds frequently. I don’t like it when brokers impose withdrawal fees, as it adds an extra cost to my trading activities. Some brokers offer free withdrawals, and I find that more appealing as it lowers the overall cost of trading. For FreshForex, these fees make me reconsider my choice, especially when I’m looking for a more cost-effective broker. The lack of transparency about these fees on the website also makes it harder for me to estimate how much I’ll be paying when I withdraw funds.
FreshForex offers both fixed and variable fees depending on the account type I choose. On the Classic account, I have to pay a fixed spread starting from 2 pips, which is relatively high compared to brokers that offer lower spreads. In addition to spreads, FreshForex charges withdrawal fees based on the payment method I use. For example, Bitcoin withdrawals incur a 1% fee, which can add up quickly if I withdraw frequently. I’ve found that this fee structure makes it less cost-effective for me as a trader. While FreshForex doesn’t charge deposit fees for most methods, the withdrawal fees make it less appealing, especially compared to brokers with free withdrawals. Freshforex review points out that these fees can accumulate, and for active traders, this could become a significant expense. The freshforex minimum deposit of $10 is very low, but the additional withdrawal fees are a big downside for me. Despite the competitive leverage options and availability of both MT4 and MT5, the fees take away from the overall attractiveness of the broker.
Yes, FreshForex offers an Islamic account option, which is important for traders who follow Islamic finance principles. I appreciate that FreshForex accommodates different trading needs, and the Islamic account is swap-free, meaning no interest is charged or earned on overnight positions. This feature is perfect for traders like me who want to stay compliant with religious practices while engaging in forex trading. For someone who is looking for a freshforex login experience that adheres to Islamic principles, this option is a significant advantage. Although FreshForex lacks some features like cryptocurrency trading, the availability of Islamic accounts adds to the broker’s inclusivity. I think this is a great option for traders who want a clean, interest-free trading environment while still having access to competitive features like high leverage and low freshforex minimum deposit.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
Mayaz Ahmad
Bangladesh
Many complains have been received against this broker that it is a scam and uses fraudulent techniques to steal money from people's account. Stay away from this broker.
Exposure
FX4270156452
Vietnam
Can't withdraw funds cause my account is wrong. But I used this account, how can it be wrong?
Exposure
FX1063067071
Germany
I trade stocks and cryptocurrencies through FreshForex; the selection is very wide. A user-friendly mobile app is a bit lacking, but the website and terminal are stable. The deposit bonuses are a nice bonus.
Positive
FX4126763616
Indonesia
I recently started trading with FreshForex and am satisfied with their service. Their trading conditions are transparent, and I had no issues with withdrawals. Their team also assisted me well during the registration and verification process.
Positive
Risky Pratama
Indonesia
I have been trading with FreshForex for quite some time now, and so far, the experience has been very positive. Order execution is fast, the platform is stable, and their bonus promotions are very helpful in increasing trading capital. This broker deserves a high rating on WikiFX!
Positive
FX4488582032
Germany
The '101%' promotion does indeed credit the bonus instantly; I used it as collateral and withdrew the profit without any issues. Documents were requested once, the procedure is transparent. The platform operates stably.
Positive
Padma1438
Germany
As a greenhorn trader stepping into the labyrinth of forex, FreshForex extends an open hand of opportunity. Their swift trade execution unravels a canvas of possibility, while the allure of tight spreads forms a tranquil backdrop. Should you find yourself at the threshold of your trading journey, don't shy away from testing your mettle in their arena.
Positive
Gonca
Germany
During my early days in forex trading, a friend's recommendation led me to FreshForex. Despite initial doubts, real-time data supported and guided me. My heartfelt thanks to these guiding hands for shaping my promising rookie experience.
Positive
Spokin
Austria
Like many, I learned about this broker from this rating. Mainly interested in the reality of scalping. I was pleasantly surprised that they didn’t ban for active trading, I didn’t believe it. Well, now I believe that there are normal brokers in the world of forex, and I am writing under the impression.
Positive
Rahman4738
Austria
This broker has been operating for more than 10 years, proving themselves in the market. The weekly webinars are still there every week to discuss the moving market.
Positive
Ursula
Austria
Well, if we talk about this broker, then only in a positive way. Everything is honest and noble. It is pleasant to trade, everything works quickly, the declared withdrawal arrives almost immediately. I love.
Positive
Rita5751
Germany
During the past 4 months, I've explored another brokerage. I must say, I'm quite impressed with the competitive spreads they provide on their ECN account. The liquidity providers are regularly updated, ensuring tight spreads and favorable trading conditions.
Positive
Edytha
Germany
Their deposit bonus is reliable and stands out from others. Rather than simply providing more margin or increasing risk, it focuses on helping manage drawdowns. It's evident why this broker has been confidently serving the market for over 10 years.
Positive
mashkov
Austria
You can only say good things for this broker, they don’t do any bad things, everything is honest and noble. It’s nice to trade, everything works quickly, and if you want to take the money, they immediately give it away and don’t ask why you need it. I love.
Positive
Alexia
United States
A lot of things are wrong about FreshForex and it still got good reviews, I’ll say their educational materials are really good to learn but apart from that it’s a bad platform, I literally lost my money here, it’s impossible to withdraw I was restricted for no reason, I contacted their support and submitted my informations but they didn’t allow me into my account after that, I now made $9,500 weekly from benarmstrong-trades. com and they allow me withdraw that’s was why I stop using FreshForex
Neutral
FX1289289812
India
Freshforex offers a wide range of markets to trade, I remembered. But what annoyed me most when I traded with this broker was that their customer support staff was quite unhelpful when it comes to withdrawals.
Neutral
Micael
Germany
It is considered decent when you know they providing educational materials for traders in weekly basis when most of the other brokers are just giving out basic materials in pdfs. This one by itself can be useful to keep up with the current moving market while analyzing it in a simple methodology. For the other offers in this broker, I can't give a verdict since I'm not using those.
Positive
Milla
Germany
I may want to point out that XM gave me bad experiences on trading after NFPs and CPIs. The delay killed my trade along with slippage I had after opening it on minutes after executing the trade. FreshForex is a bit different. Sure the slippage is still there on big news, but not too long like 5 minutes after news events and I'm okay since I don't gamble before the news event.
Positive
Alfvin
Germany
I can never understand on why a commenter here is recommending FBS to trade. This broker has even more bad reputations on holding clients' withdrawals, and severe cases of slippages and stop hunts, yet you still recommending such broker. By far, no slippage nor stop hunt happened especially during news event. Market move accordingly in tandem (this can be compared with Forex.com on Trading View) and no delay for trading executions. This can be beneficial for scalpers who relies on speed.
Positive
Edu8437
Singapore
The concern of not being able to withdraw profits are mostly came from them trying to trade even with no capital at all. Or worst, in this case, abusing the bonuses the broker has to offer to the clients. I highly suggest you to just trade with your own funds without mixing it with any bonuses and see how things worked out. The false information is given from this website where it supposed to be the broker has been in the market for more than 10 years, proving its credibility in the market.
Positive
Elpis
Austria
I find it funny when an exposer used screenshot of posts from FPA just to justify that the broker is a scam broker. I've been here for 6 months and by far my withdrawals are doing fine. These people just trying to go for big leverage which will give more risks and still blaming the broker for the loses.
Positive
Takeda
Austria
Education is really important for making since Forex market is totally depends on education. For a reliable resource traders can choose FreshForex broker's education section since there they will get all the necessary stuff. If you are Muslim then for sure you need a SWAP free account and, in this case, I will recommend using FreshForex broker because they offer such services from the starting of their business. I am trader only and trading at FreshForex broker for the last good seven years.
Positive