It’s no secret that the online forex trading industry is booming. In fact, it’s estimated that the global forex market is worth an upwards compound annual growth rate of 7.3% during 2022-2027. So if you’re a prospective trader looking to get into the forex trading game, starting can be confusing. But, one option is to work with a broker, and one broker that’s been getting a lot of attention lately is FreshForex. But is FreshForex broker right for you? Let’s get to know in this FreshForex review.
Although the broker has more than 17 years of experience, it has been making a big splash in the industry lately. They offer a highly competitive spreads for all traders, fast order execution, and a variety of instruments the trade. FreshForex regulation got the license from the Financial Services Authority of Saint Vincent and the Grenadines. But is FreshForex a good broker? This question can be difficult to answer without trying out the platform for yourself.
However, we have tested the broker, and we will explain everything in this detail FreshForex review.
FreshForex Broker Review 2022 Quick Summary
|🏢 Headquarters||AustralSt. Vincent and the Grenadines Kingstownia|
|🗺️ Regulation||Financial Services Authority of Saint Vincent and the Grenadines|
|🖥 Platforms||FreshForex MT4, FreshForex MT5|
|📉 Instruments||Forex, Precious metals, Stocks, ETFs, Indexes, Energy Futures, Cryptocurrencies|
|💳 Minimum Deposit||No Minimum Deposit, but recommended from $200|
|💰 Deposit Methods||Visa/Mastercard, Skrill, Neteller, Bitcoin, Cryptocurrency, Electronic payment system, Bank Cards, Mobile Payment, Internet Banking, Local Depositors In Africa, Asia, Latin America|
|📱 Mobile Trading||Available|
|🌍 Web Trading||Available|
|💵Minimum Trade Size||0.01|
|🎢 Maximum Leverage||Up to 1:2000|
|☎ Customer Support||24/5|
FreshForex Review: About the Broker
Since its inception in 2004, FreshForex has been providing access to online trading for clients worldwide. The company is headquartered in Saint Vincent and the Grenadines and is registered with the Financial Services Authority.
FreshForex aims to provide the best possible trading experience to its clients under the brand name Riston Capital Ltd. To achieve this goal the broker has partnership with major European liquidity providers including different banks, and payment aggregators.
FreshForex has a strong commitment to safety and security, and all client funds are held in segregated accounts at leading banks. The company also offers 24/5 customer support. FreshForex broker has clients from more than 158 countries.
FreshForex Broker Review: Instruments
They offer more than 280 instruments with fast order execution, as quick as 0.05 seconds. These instruments include forex, precious metals, ETFs, stocks, indexes, energy futures, and cryptocurrencies.
FreshForex offers 52 forex pairs for their Classic, Market Pro, and ECN accounts. However, there is no commission for Classic and Market Pro accounts. Commission for the ECN account starts from 0.0030%, which may go up to 0.0045%. You can trade forex daily from 00:05 to 24:00 EET (Eastern European Time).
You can trade 13 precious metals with FreshForex, which includes copper, silver, palladium, platinum, and gold. You can trade metals daily, Monday to Friday, from 01:00 to 24:00 EET.
For the stocks, you will get 122 options which include the world’s top companies such as Google, Amazon, Apple, Facebook, etc. You can trade stocks daily, Monday to Friday.
FreshForex offers 13 indexes. You can trade from Australia 200, France 40, Germany 30, China A50, Wall Street 30, Europe 50, UK 100, Hong Kong 50, Spain 35, Japan 225, NASDAQ-100, Switzerland 20, and US SPX 500.
You will get to trade only three energy futures UK Brent Oil, US Crude Oil, and US Natural Gas. The point size for Brent and US Crude is 0.01 while it is 0.001 for US Natural Gas.
You can trade cryptos daily from Monday to Sunday, 24/7. And FreshForex offers 74 crypto CFDs. The most popular CFDs include Bitcoin, Ethereum, Binance Coin, Ripple, and more.
FreshForex Review: Trading Conditions
Let’s get to know different trading conditions, including spread, swaps, economic calendar, trading statistics, and more.
According to the FreshForex broker review, the company offers different spreads for different accounts. For example, the Classic account has fixed spreads starting from 2 points, Market Pro offers floating spreads starting from 0.9 points, and the ECN account provide the lowest spreads from 0 points.
When you trade forex, you effectively buy one currency and sell another. Generally, a low forex spread is considered beneficial for traders because it reduces the cost of trading. When you trade with a tight spread, you essentially pay less to enter and exit positions. This can significantly impact your overall profitability, especially if you trade heavily or frequently.
So, you can select the required FreshForex account depending on the spread amount.
FreshForex swap is calculated and charged/credited to your account at 11:59 pm server time every night. If your forex position is still open during that moment, FreshForex will apply a swap fee. The amount of swap charged or credited to your account will depend on your position size and the direction (long or short) of your trade.
Remember that FreshForex calculates the rollover from Wednesday to Thursday in triple size. So if you hold an open position overnight from Wednesday to Thursday, be aware that you will be charged/credited 3 times the usual amount of swap. However, if you hold a position open over a weekend, the swap will be charged for 1 day.
Keep an eye on interest rates when trading forex with FreshForex, and remember that when holding positions overnight, you may incur swap charges. Knowing how much swap you will be charged/credited in advance can help you manage your positions and better plan your trading strategy.
FreshForex Review: Trading Statistics
FreshForex tries to stay transparent, offering different trading statistics on its website. These stats show their efficiency. A crystal clear idea of the broker you are investing your money to is highly necessary for any trader. At FreshForex, they believe in full transparency and providing their clients with all the information they need to make informed decisions. That’s why FreshForex broker offers a wide range of key indicators, which are available in real-time, even before opening a FreshForex account. These indicators include spread, order execution speed, spread dynamics, the speed of withdrawal processing requests, and the positions of FreshForex traders. This way, you can get a comprehensive view of their work and see for yourself why FreshForex broker is the right choice for your investment need.
Forex, CFD, and Stock Exchange Heatmap
Using the forex heatmap, you can compare the expected return of different high volatile instruments. FreshForex has 130+ high volatile contracts that can bring more return than any major forex pairs. Gold, silver, brent oil, and wti are among the highly volatile instruments.
The rate of return for all instruments varies, so it is essential to use the settings to help guide your decision on which contract to choose. You can work on successful trading depending on your trading risk with the broker. Choosing the most profitable contracts will ensure greater rewards for your efforts. Silver, gold, and oil are all viable options with a history of providing traders with high returns.
FreshForex Review: Leverage
FreshForex offers up to 1:2000 leverage, depending on the account. For classic accounts, the leverage is 1:25-1:2000 with 0.05% margin requirements. Market Pro gives you 1.25-1:1000 leverage with 0.1% margin requirements and the same amount for the ECN account too.
Forex market analysis is one of the top requirements to operate profitable forex trading. That is why FreshForex collects data to make your forex decision as precise as possible. As a part of forex analysis, you will get to know the trading signals, economic calendar, trading sessions, holiday schedule, interest rate, and forex calculator.
FreshForex Review: Trading Signals
When trading on forex, it is essential to have accurate and up-to-date information about the market. This includes knowing when to buy or sell certain currency pairs and where to place stop-loss orders. FreshForex trading signals can provide this information, helping traders to make more informed decisions about their trades. However, there are various sources for trading signals, including online platforms and even individual traders. But it is important to choose a reputable and trustworthy source, as this will help to ensure that the signals are accurate and reliable. Once a trader has found a good source of trading signals, they can use these signals to make more profitable trades on the forex market.
FreshForex offers private trading signals that can give you the opportunity to make a profit of up to 110%.
The FreshForex economic calendar is a vital tool for any trader regardless of their experience level. It provides up-to-date information on a wide range of financial events, allowing users to stay informed of the latest developments in the market. The calendar also offers a range of features that can be customized to suit individual needs, including the ability to filter events by importance and select a particular country or time period. The platform itself saves the personal setting for future use. As a result, a user can pick up where they left off previously.
FreshForex provides you the accurate trading sessions according to your location. You can select your time zone and get your trading hours.
Holiday Trading Schedule
Forex traders need to consider the holiday schedule of the countries where the currencies they are trading are from. That’s because Forex trading activity can be low on holidays and weekends due to lower liquidity.
However, right after the market opens following a holiday or weekend, activity can surge, and an experienced Forex trader can take advantage of this. So, FreshForex broker updates their forex holiday schedule to inform the traders about upcoming market activity. Doing so can help you make more profitable forex trades.
A Forex calculator is a handy tool to calculate some of the main parameters of any given transaction. With this FreshForex calculator, you can identify some critical things such as the contract’s size along with the cost. This can be an extremely helpful tool for beginners and experienced traders operating within the financial markets. After using the Forex calculator, any trader can make an educated decision on whether or not to execute a trade.
To use this calculator with FreshForex, you must specify certain parameters about the proposed transaction. For instance, you must identify what the deposit currency is as well as what leverage will be used during the trading process. Last but not least, you must also input how much volume is involved in the position (in terms of lots). Once all that information has been inputted, simply press “calculate” to get your results.
FreshForex is one of the best places to get accurate and up-to-date forex forecasts. Their team of experts provides daily reviews for different commodities and forex pairs, so you can always stay on top of the markets. If you’re looking for EURUSD forecasts, you’ll find them here, along with insightful commentary on where the popular currency pair is headed. And if you’re interested in commodity trading, be sure to check out FreshForex’s gold reviews to get a better idea of where prices are headed. With FreshForex Forecast, you’ll always have access to the most recent data on market moves, so you can make informed trading decisions.
The forecast also includes Elliott waves analysis, Forex Fundamental Analysis, Forex Technical Analysis: Trend potential, and Margin level analysis.
FreshForex Trading Platforms
This FreshForex Review finds out that the broker offers their service using MetaTrader 4 and MetaTrader 5 platforms.
As a trader, you know that the key to success is having the right tools at your disposal. That’s why so many forex traders worldwide choose MetaTrader 4 as their go-to platform. With FreshForex MT4, you can effortlessly work on multiple financial markets such as forex, CFD, and Futures. The elegant interface and the ability to make and continue with automated forex trading systems make FreshForex MT4 great for almost any forex trading strategy.
There is no doubt that the MetaTrader 5 platform is one of the most valuable and powerful for all levels of traders. The platform includes a number of built-in indicators and tools that can be used to identify trends and opportunities. In addition, MetaTrader 5 also supports automated trading, allowing traders to set up and manage their trades using robots. MetaTrader 5 is available on several different devices, including PCs, tablets, and smartphones. As a result, it is an essential tool for any trader who wants to stay ahead of the game.
Common Features of FreshForex MT4 and MT5
MetaTrader 4 and MetaTrader 5 forex trading platforms share some common features. These include the ability to trade Forex, Futures, and CFD instruments while also continuing work with 9 different timeframes. Both platforms can execute trades in Market Execution mode. They also maintain the privacy of all types of transactions in the platform and use various graphical instruments along with multiple technical indicators. You will also get to use an unlimited number of charts.
In addition, both platforms have Experts, Custom Indicators, and Scripts built in, allowing for real-time data export via the DDE protocol. The FreshForex MT4 and MT5 generate trading action signals with a multilingual interface.
Other top features include built-in e-mail functionality and support chart printing. As a result, these two platforms offer users a great deal of flexibility and power when it comes to forex trading.
FreshForex Account Types
There are three FreshForex account types depending on your trading expertise. The broker offers several account types for real accounts. The Classic account is a good choice if you want a high degree of flexibility and a wide range of features. For traders who are looking for low spreads and fast order execution, the Market Pro account is a good option. For experienced traders who want to trade on the most competitive terms, the ECN account is the best choice.
FreshForex Review: Classic Account
With FreshForex’s classic account, you can trade with fixed spreads on a wide range of instruments, from forex to precious metals. This ensures the exact you need to pay without any additional cost. What’s more, sharp price moves won’t lead to your trades being stopped or closed.
That way, you can be confident when placing orders, and you won’t get confused about the numbers. This will also allow you to test Expert Advisors transparently. And with leverage of up to 1:2000, you don’t have to worry about increased margin requirements during holidays or weekends. Plus, their stop-out level is only 20%, so you can hold positions for longer, and you’ll have time to fund your account if the market moves against you.
And that’s not all: they also offer a FreshForex bonus on a deposit of up to 101%, cashback of up to $20 per lot traded, and fast market execution.
If you’re looking for a forex account that suits traders and scalpers perfectly, look no further than Market Pro. With precise quoting (5/3 digits), execution from 0.1 sec, and spreads from 0.9, it’s everything you need to trade effectively. Plus, with no FreshForex minimum deposit and no commission on trades, it’s very affordable too.
The FreshForex ECN forex trading account is a great choice for professional traders who want to trade on an advanced level. The top benefits of this account include high liquidity, trading inside the spread, and prompt switch to the interbank market. With an ECN account, you will have access to the best prices from various liquidity providers. This means that you can always get the best possible price for your trades. In addition, an ECN account offers high liquidity, which is essential for professional traders who need to execute large trades quickly and efficiently. Finally, the prompt switch to the interbank market ensures that you can always take advantage of favorable market conditions.
Islamic accounts or swap-free accounts are called a type of account based on Shariah law. This Islamic rule specifically says that a Muslim is not allowed to collect or pay Riba, which is an extra fee or interest for the use of money.
To make forex trading possible for Muslims, FresForex brokers created special Islamic accounts which do not charge or pay swaps. So, if you are a Muslim trader, you can open an Islamic account and trade without violating Shariah law. Another great thing about these accounts is that they are perfect for long-term strategies. This is because you will not be charged any fees for holding a position overnight. So, if you want to practice Shariah law and trade forex without paying any extra fees, a FreshForex swap free account is the perfect choice for you!
FreshForex also offers a demo account for the newbies. You can just open a practice account with them and understand forex trading. If you are an enough experienced trader, a demo trading account will help you to understand the broker.
Each account type has its own advantages, and it is up to you to decide which one is best for your trading needs. Whichever account you choose, you can be sure that you will get access to the best trading conditions and a team of dedicated professionals who are always here to support you.
FreshForex Review: Education
FreshForex offers different educational materials such as Interactive Tutorial, The Trader’s Path, Webinars, Forex encyclopedia, and Forex Glossary.
The interactive tutorial gives lesson-based forex training. It was created by expert forex market analysts and professional forex traders. The good thing about this module is that you will need to give a test after each lesson. As a result, you will know your progress. And make corrections if you have any confusion.
Inanition to this, you will also get access to The Trader’s Path. It has several trips and tricks that will make a novice into a professional.
Also, the Webinars, Forex encyclopedia, and Forex Glossary will make you a pro trader if you learn these properly.
FreshForex Broker Review: Payment and Security
FreshForex offers more than 20 deposit and withdrawal methods. You can make the deposit and withdrawal using Visa/Mastercard, Skrill, Neteller, Bitcoin, Cryptocurrency, Electronic payment system, Bank Cards, Mobile Payment, Internet Banking, and Local Depositors In Africa, Asia, and Latin America.
While all the deposit methods are free, Webmoney charge 15%. On the other hand, you will have to pay 0.1% - 3% for withdrawal, depending on the methods.
FreshForex Broker Review: FreshForex Bonus
FreshForex offers different bonuses to attract traders. The FreshForex bonuses include a 300% deposit bonus, +10% to cryptocurrency deposit, 180% drawdown bonus, deposit without commission, stop-out insurance, cashback, and VIP Account “GoldMan.”
In addition to that FreshForex bonus also offer FreshForex No Deposit Bonus. You can get a certain bonus if you open your first account with them. And you don’t require to deposit a single penny to get the FreshForex no deposit bonus. Also, the new trader gets $3 for a successful start.
We hope this FreshForex broker review was helpful. If you decide to trade with them, be sure to use caution and only invest what you can afford to lose. The broker offers a lot, including competitive spreads, fast execution, and a wide range of products. However, it is important to try out the platform before making any decisions.
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