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FreshForex is an offshore brokerage firm that offers online forex and CFD trading services to traders from across the globe. They began operations in 2004 and offer over 130 tradable instruments across multiple asset classes, including forex pairs, indices, stocks, energies, metals, and cryptocurrencies. The broker provides clients with the famous MetaTrader 4 and MetaTrader 5 trading platforms and allows all trading styles. They offer smart trading tools, educational resources, and ECN model of trade execution, with competitive spreads, decent trade execution speed, and minimal slippage.
FreshForex Platforms & Tools
The broker provides clients with the MetaTrader 4 and MetaTrader 5 trading platforms, which are considered the most flexible and robust platforms for forex and CFD. Both platforms have multiple advanced trading tools, including charting, order management, and automation tools.
The platforms are available in different versions:
- A non-installable web version that can run directly on most modern web browsers like Chrome, Safari, Edge, and Firefox
- Installable applications for Mac and Windows computers that can be downloaded from the broker’s website
- Mobile trading apps that are compatible with Android and iOS devices
Apart from the tools built into the MetaTrader platforms, the broker offers other tools, such as Economic Calendar, Forex Fundamental Analysis, Technical Analysis, Elliot Wave Analysis, Analysis of Margin Levels, Huckster Forex Advisor Shop, Virtual Private Server, FreshForex Easy Bot Services, and Forex Trading Signals
FreshForex Research & Education
FreshForex has a tutorial section that consists of four courses and a test. The courses cover the following:
- Introduction to the forex market:
- How to predict price movement
- What you need for profitable trading
- Trading system
The website also has a glossary of over 30 trading terms and their definitions. Webinars are also scheduled from time to time.
FreshForex Trading Accounts
The broker offers multiple account types, all of which are available the MT4 and MT5 platforms:
- ProCent Account: Denominated in cents, the account is for new traders who want to trade a live account without risking much.
- Classic Account: The broker recommends a deposit of $200; fixed spreads start from 2 pips; and there are no commissions.
- Market Pro Account: The recommended deposit is $400; floating spreads start from 0.9 pips; and there are no commissions.
- ECN Account: The recommended deposit is $2,000; spreads start from 0 pips; and there is a commission of 0.03% per contract.
FreshForex Account Funding
FreshForex accepts a number of payment channels, including Bank of Malaysia transfers, credit/debit cards, Bitcoin, and electronic payment systems, such as Skrill, Neteller, ePayService, QIWI, WebMoney, FasaPay, ADVCash, and Perfect Money. Transaction charges vary with the payment channels.
FreshForex Customer Service
The broker’s multi-lingual customer support team can be reached via email, phone, and online chat. They are available 24 hours a day on all trading days.
FreshForex is an online trading brand operated by Riston Capital Ltd, which is a financial services firm incorporated in St. Vincent and the Grenadines. The firm’s international business company number is 20623 IBC 2012, but aside from that, the company does not provide any regulatory detail on its website. Since the regulation could not be verified, traders will likely be cautious when dealing with them.
FreshForex Review Summary
FreshForex is an offshore broker that offers online forex and CFD trading in over 130 tradable instruments through MT4 and MT5 trading platforms. They provide several trading tools and educational materials. However, the brokers regulation is lacking.
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