Freshforex review
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In this article, you may learn everything that you should know about the broker FreshForex. You will gain insights into the broker’s background and licensing, account types, tradable assets, bonuses including no deposit bonus and a bonus on deposit, funding and withdrawal methods, etc.
FreshForex Company was formed in 2004, initially known more in the CIS countries, and then rapidly began to gain popularity in various countries worldwide. Today, FreshForex broker is an international company, with clients from 160 countries: the broker is well-known in Europe, Asia, CIS, and Africa, and is also starting to gain popularity in Latin American countries.
What allows the company to get the favor of traders in different countries? The answer is a personalized approach to each client, the implementation of payment solutions and services that are popular in a particular country, as well as constant improvement of trading conditions, the launch of relevant financial instruments, cooperation with reliable European liquidity providers – all these factors allow the company not only to exist steadily for 20 years, but also to keep up with the times, to develop and update services, payment systems, trading conditions, and financial instruments, while remaining a model of trust and reliability for its clients.
Despite the lack of prominent licenses, FreshForex has proven its reliability. This is exactly the case when a broker is reliable and operates steadily even without significant licenses. At the moment, the broker does not have any licenses, however, the company is developing, providing quality trading conditions, and does not delay fund withdrawals.
“Forget about other brokers” is the slogan of FreshForex, which expresses the company’s main goal: to provide the best for its clients.
FreshForex conditions for trading
Let’s take a detailed look at all the conditions that FreshForex broker offers for trading.
The name of the company: FreshForex
Year of Establishment: 2004
Official Website in English: https://freshforex.com/
Registration country: Saint Vincent and the Grenadines
Regulator: Not regulated
Account Types: Classic with fixed spread, Market Pro and ECN with floating spread, cent accounts
Spreads: from 0 points on ECN accounts, from 2 points on Classic accounts
Trading Account Currencies: USD, EUR, US cents, RUB, as well as Kazakhstani Tenge (KZT), South African Rand (ZAR), Nigerian Naira (NGN), Malaysian Ringgit (MYR), Tanzanian Shilling (TZS)
Cryptocurrency Accounts: MilliBitcoin (MBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA)
Trading Instruments:
– 12 CFDs on indices including NASDAQ 100, DAX30, S&P500
– 73 CFDs on cryptocurrencies including BTCUSD, ETHUSD, BNBUSD
– 15 CFDs on precious metals
– Crude oil and natural gas
– 50 Forex instruments
– 115 CFDs on corporate stocks including American and Russian ones
– 7 CFDs on Exchange-Traded Funds (ETFs)
– Over 270 trading instruments to choose from!
Trading Platform: MetaTrader4 and MetaTrader5 (Windows, macOS, Linux, Android, iOS, iPadOS, Web)
Minimum Deposit: $10
Commission: No commissions on Classic and Market Pro accounts! Market commissions on ECN accounts.
Maximum Leverage: up to 1:2000 + bonuses to increase trading funds
Minimum Leverage: 1:25
Swap Free Service: Available
Order Execution Time: from 0 seconds, no requotes
Minimum Lot: 0.01
Maximum Lot: 20 on Classic account, 100 on Market-Pro account, 10,000 on ECN account, 2000 on Classic.Cent and Pro.Cent accounts
Maximum Number of Orders: no limitations
Margin Call Level: 100%
Stop Out Level: 20% on Classic account, 40% on Market Pro account, 60% on ECN account, 20% on Classic. Cent account, 40% on Pro.Cent account
Expert Advisors Trading: Available
Phone Trading: Available
Scalping: Allowed
Hedging: Allowed
Copy Trading: Only through MetaQuotes’ copy trading service
Investment Programs: No
Partnership Program: Available
No Deposit Bonus: Available
Demo Account: Available
Contact Methods: online chat, Telegram, email, phone number, internal ticket system in the Personal Area.
Deposit and Withdrawal Methods
Instant deposit and without commissions on the side of the company:
– Visa/Mastercard/MIR bank cards, P2P cards, and others
– Cryptocurrencies Bitсoin, Ethereum, LiteCoin, Ripple, BitcoinCash, Tether TRC20, Zcash USD Coin, Tether ERC20, etc.
– Electronic payment systems PerfectMoney, AdvCash, WebMoney, etc.
– National payment systems M-Pesa, OnlineNaira, Banks of Malaysia, Banks of Indonesia, Banks of Vietnam, Banks of Philippines, Banks of Thailand, Banks of Nigeria, ฝากด่วนออนไลน์, Gửi Tiền Nhanh, My direct, Transfer Kilat, Kuchinga Voucher, Ozow, Snapscan, E-wallets of the Philippines, and more!
Withdrawal within 15 minutes during the company’s working hours.
Promotions and Bonuses:
• A 101% supporting bonus which can help in case of drawdown will double your trading budget and help you if something goes wrong,
• Get cashback in real money up to $20 per lot weekly.
• A 300% deposit bonus will provide you with additional funding of up to $5000 to cover the margin,
• With stop-out insurance, you will get back 50% in case of losses!
• Additional balance bonuses for deposits, for example, up to +15% for crypto deposits.
In addition to regular promotions, the broker often conducts short-term promotions that allow, for example, to receive a 101% bonus, but a 202% bonus on deposit, trade on ECN account without commissions, and reimburse losses from the first trades made in the company.
NO DEPOSIT BONUS
As we saw above the broker FreshForex offers many different bonuses including no deposit bonus. Recently FreshForex has launched a new No deposit bonus 1 ETH. As the cryptocurrency market is very popular and perspective nowadays FreshForex allows starting trading with one of the most increasingly popular and stable cryptocurrencies – Ethereum. Just sign up and grab your bonus — no KYC or deposit is required for testing!
This promotion is valid from June 17, 2024, to August 31, 2024. The bonus can be used for trading within 7 days, allowing traders to explore the platform and try out different strategies. Testing with such a bonus allows the traders to understand whether they like brokers’ trading terms or not. If yes traders can continue working in the broker with confidence.
One of the unique conditions of this bonus is that there is no need for KYC verification or a deposit to access it. Traders can start trading with the bonus immediately after opening their account. The bonus itself is not withdrawable, but any profits made from trading with the bonus are cashable but with the fulfillment of the promotion terms.
There are no restrictions on how traders can use the bonus, providing them with the freedom to trade as they see fit. To cash out the profits made from trading with the bonus, traders need to achieve a profit of 0.0010 ETH for every 1 lot traded within 30 days. This incentivizes active trading and allows traders to potentially earn significant profits.
Overall, this bonus promotion from FreshForex is a great opportunity for new traders to kickstart their trading journey without the need for a deposit or KYC verification. With the potential to earn cashable profits through trading, this bonus adds an exciting element to the trading experience. Trade freely and make the most of this limited-time offer from FreshForex!
By using the bonus to trade, traders can sharpen their strategies and explore different trading approaches. For those who never have had cryptos, it’s a good opportunity to learn more about it and dive into the crypto world. If the trades result in losses, traders do not lose any of their funds, as the bonus covers the trading activity. Register using a special link.
101% DEPOSIT BONUS
One of the most popular and old promotions of the company FreshForex has existed for many years already. Many clients like it very much.
HOW TO GET A BONUS 101% ON DEPOSIT
STEP 1
OPEN A CLASSIC MT4, CLASSIC MT5 OR MARKET PRO MT4 ACCOUNT
STEP 2
VERIFY THE DATA AND CONNECT THE OPENED ACCOUNT TO THE PROMOTION
STEP 3
DEPOSIT $101 OR MORE AND THE BONUS IS YOURS
Boost your account by depositing $101 or more and receive an additional 101% of the deposited amount. Enhance the effectiveness of your trading with each deposit!” Please note that the promotion has detailed terms that are published on the website, so please learn before using it and ask Client support if you have any questions about the bonus. For example, there are some cases when the bonus can be deducted:
- When the account balance turns negative and there are no open positions;
- Creating a request to withdraw funds from the account or transfer funds to another account;
- If The Offer is disabled for the client;
- After 30 calendar days starting from the last account funding. To extend the validity period of the bonus, you need to top up your account with any amount.
+10% to cryptocurrency deposit
One more very profitable promotion for clients who use crypto deposit methods. The company has 10 crypto deposit methods, depositing by any of them from $202 a client gets an extra 5% real funds to the Balance section. So it’s not like a Credit! And you get 10% from 1 010 USD deposit. Such funds can be used without limitations but according to the full terms of the promotion. The maximum bonus amount is 500 USD / 500 EUR in the trading account currency or the equivalent of 500 USD at the Company’s internal rate for other available trading account currencies. This promotion can be used with other promotions of the company.
Broker support and contacts
Available website languages: Russian, English, Spanish, Portuguese, Vietnamese, Indonesian, Chinese, Arabic, Thai, Kazakh, Ukrainian, Uzbek, Azerbaijani, Tajik.
Available customer support languages: English, and Russian.
Contacts: 24/7 online chat customer support on the company’s website, email info@freshforex.com, Telegram @FreshForexSupport.
Educational and Analytical Resources
A variety of analytical and educational information is available to help traders be prepared for independent trading.
• Daily author’s analytics “FRESH FORECAST” covering various types of analysis and market approaches.
• Stock Exchange heatmap – reflects the potential profitability of instruments based on their volatility over a day, week, or month.
• Own Forex encyclopedia Cleverfx and a Forex Interactive Tutorial.
• Forex advisors store named Huckster, where you can purchase advisors, indicators, scripts, and also find free products.
• Forex economic calendar – here you can filter events by importance, select specific countries, and the desired time interval. All information is updated automatically as news is released in real time.
• Analytical Fresh: Newsletters – by subscribing to such a newsletter, clients receive emails with information on the market’s main events and current analytics.
Registration and Verification on the FreshForex Website
To register, you need to enter your phone number and email address.
At the next stage, you need to enter your first and last name, as well as enter the confirmation code sent to your email. At this stage, you can also choose the parameters of the desired trading account. Then, you click on the “Open Trading Account” button and enter the Personal Area. An email with the login and password for the trading account and the Personal Area will be sent to your email. For convenience, after registration, the trading account details (login and password) are also published – be sure to save them and do not provide them to third parties.
After registration, you can fund your trading account and start trading. To access all deposit methods, you need to verify your data: take photos of both sides of your ID card or another primary document of your country. It is crucial to provide clear photos of the documents with readable information, not scans. Also, proof of address is needed. Send the files to the email info@freshforex.com or upload them in the Personal Area in the “My Personal Data” section. Usually, the files are reviewed within 3 working hours, and you will receive confirmation via email. The phone number verification is done after funding the account. In the “My Personal Data” section, click on the number and you will receive an SMS with a code. After entering the code, your phone number will be successfully verified. We remind you that the minimum deposit is only $10. From $100 you can receive a 101% drawdown bonus.
When withdrawing funds, you will receive a confirmation code on your phone number or email. After entering the code, the withdrawal request will be successfully processed. Withdrawal requests are typically handled by the financial department managers within an average of 20 minutes during the company’s working hours.”
Strengths of the FreshForex broker
1. Cooperation only with European liquidity providers – this ensures the reliability and quality of the trading conditions offered. FreshForex carefully selected liquidity providers.
2. Over 270 trading instruments to suit every taste: from classic currency pairs and metals to currently relevant cryptocurrencies. All financial instruments can be found in the Forex Contracts Specification and CFD Contracts Specification.
3. Spreads from 0 points – for many, this is the main indicator of a broker’s “quality”. All spreads can be checked in the Forex Contracts Specification and CFD Contracts Specification.
4. A wide variety of promotions and bonuses to choose from: including a 101% drawdown bonus on deposits, a 300% deposit bonus to increase trading funds, weekly cashback, real funds credited when depositing with cryptocurrency, no deposit bonus, stop-out insurance that allows the return the part of the funds in case of a stop-out. All promotions can be found in the “Promotions and Bonuses” section. It should be noted that the company’s promotions have been awarded for the Best Bonus Program in 2017. Everyone can choose their promotion depending on their preferred strategy, trade, and gain more benefits!
5. Ability to open trading accounts in national currency – very convenient if you want to deposit in national currency without conversion costs.
6. Availability of cent accounts, demo accounts, educational, and analytical materials – all of this allows beginners to start trading on financial markets more easily, and experienced traders to familiarize themselves with a new broker.
7. Order execution in 0.05 seconds – fast execution without requotes.
8. 0% commission on deposits from the broker’s side, but there may be commissions from payment systems.
Weaknesses of the FreshForex broker
1. Customer support operates 24/5 – it may be important for some people to receive support even on weekends, as some brokers offer the possibility to receive consultations non-stop even on Saturdays and Sundays, but FreshForex operates round the clock only from Monday to Friday. However, the company’s support service operates promptly overall, and technical specialists are ready to help even in more complex technical cases.
2. Absence of PAMM programs – previously, FreshForex had an investment program, but to minimize client risks and make the trading process on the market more transparent, the company decided to abandon the investment program. Fans of passive trading will have to choose another broker or trade at FreshForex using trading advisors, or find an account manager for trading and give him the trading password under their responsibility only.
3. Lack of own copy trading service – in this case, the function can be replaced by trading signals from the broker or any trader in Telegram or elsewhere, as very often traders provide trading signals publicly in popular messengers now.
4. Absence of its application in the Client area, while some of the brokers have applications for smartphones, which people like to use as almost all people trade with smartphones nowadays. The website of FreshForex Broker is well-adapted for working on smartphones.
FreshForex broker’s partnership program
The broker also has a partnership program, updated in 2023: now the broker pays up to $30 per trading lot depending on the financial instruments the client trades and depending on the partner status. These are some of the best partnership conditions among all partnership programs in the financial markets.
The partner status, in turn, depends on the number of attracted clients who trade – the more clients, the higher the status. There are only 2 statuses – Silver and Gold, which allows partners not to get confused and work with the most clear and transparent conditions. Payouts to partners are monthly, credited to the partner account on the 5th of each month based on the previous month’s results. The company has been working with partners throughout its history, which is almost 20 years – and for 20 years, they have been consistently paying rewards.
FreshForex provides all that partners need for promotion: affiliate links, partner websites, banners, informers for your websites, RSS feed, and support 24/7 if you have any questions about the partnership program and cooperation.
Legal documents of FreshForex
Like all the brokers FreshForex has a list of Legal documentation which you can find on the company’s website, learn them and ask the Client support if you have any questions about the brokers’ rules.
Each document contains vital legal details, learn them to be sure that your collaboration with the company is transparent and comprehensible. The documents cover trading regulations, deposit and withdrawal terms, dispute resolution procedures, and the risks involved in financial market trading.
Conclusion
In conclusion, we have to say that FreshForex is one of the most reliable brokers despite the fact of absence of any license. Today, FreshForex has evolved into an international brokerage firm with a diverse client base spanning 160 countries. The company has established enduring partnerships with licensed European liquidity providers, banks, and payment aggregators and systems, spanning over 19 years of collaboration. But also we mentioned some negative moments about the broker, you can find them above.
Fast deposits and timely withdrawals of funds, a variety of financial assets for trading and a high number of currencies for trading accounts, profitable bonuses, and qualified trading terms and conditions provided by the broker, as well as professionalism of the members of the company including Client support, allows the company to be popular, reliable and beloved of the traders all over the world. Some of the clients of the company have been working for more than 10 years in FreshForex which says about people’s trust and loyalty namely to this company. We advise you to always consider each broker’s negative aspects, not only positive moments when choosing a company. If you have any opinions specifically about FreshForex broker, please leave them. This will help others choose a broker for trading. We strive to provide the most up-to-date information about brokerage companies.
