Freshforex review: pros and cons

Looking to learn everything you need to know about FreshForex? You’ve come to the right place! In this article, I’ll break down all the essentials about this broker, from its background and licenses to the types of accounts available, the assets you can trade, and the bonuses you can snag — including both no-deposit and deposit bonuses. Plus, I’ll cover their funding and withdrawal methods and more.

FreshForex has been around since 2004. It started as a go-to broker in CIS countries but quickly gained traction across the globe. Today, it’s become an international player with clients in over 160 countries. You’ll find traders from Europe, Asia, the CIS region, Africa, and even Latin America putting their trust in FreshForex.

So, what makes this broker stand out? Well, they’ve nailed the art of personalizing their approach to clients. FreshForex doesn’t just offer a one-size-fits-all service. Instead, they work to understand each region’s needs, whether it’s implementing popular payment methods in specific countries or regularly updating trading conditions to stay current.

They also collaborate with reliable European liquidity providers, which helps them deliver a trustworthy experience. This personalized approach, combined with a constant drive to improve their offerings, has kept them in the game for almost 20 years.

Now, let’s address the elephant in the room: FreshForex isn’t licensed by any big regulatory bodies. Usually, that’s a red flag, but this broker has managed to build a reputation for reliability despite this. They’ve proven time and again that they’re committed to providing quality trading conditions and timely withdrawals. So, while they may not have flashy licenses, their steady performance and commitment to clients speak volumes.

FreshForex’s slogan is “Forget about other brokers,” and that sums up their mission pretty well. They’re all about giving traders a top-notch experience that makes you want to stay with them for the long haul. If you’re looking for a broker that prioritizes your needs and is committed to delivering consistent quality, FreshForex is worth checking out.

FreshForex Trading Conditions: What You Need to Know

So, are you curious about FreshForex’s trading conditions? Let’s look into the darkest deepnesses of their site and see what this broker has to offer.

• Company Name: FreshForex
• Founded: 2004
• Official Website: https://freshforex.com/
• Country of Registration: Saint Vincent and the Grenadines
• Regulator: Currently unregulated

Account Types:

FreshForex gives you a range of account options to fit different trading styles:

• Classic Account: Features a fixed spread.
• Market Pro and ECN Accounts: Offer floating spreads.
• Cent Accounts: Perfect for beginners or anyone wanting to trade smaller amounts.

Spreads:

• ECN Accounts: From 0 points (nice for those who love super-tight spreads!)
• Classic Accounts: Start from 2 points.

Trading Account Currencies:
You can trade in various currencies including USD, EUR, US cents, and RUB, as well as local options like Kazakhstani Tenge (KZT), South African Rand (ZAR), Nigerian Naira (NGN), Malaysian Ringgit (MYR), and Tanzanian Shilling (TZS).

Cryptocurrency Accounts:
If you’re into crypto, FreshForex lets you manage accounts in MilliBitcoin (MBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Binance Coin (BNB), and Cardano (ADA).

Trading Instruments:
FreshForex offers an impressive variety:

• 12 CFDs on Indices: Including popular ones like NASDAQ 100, DAX30, and S&P500.
• 73 CFDs on Cryptocurrencies: Trade pairs like BTCUSD, ETHUSD, and BNBUSD.
• 15 CFDs on Precious Metals: Gold, silver, you name it.
• Energy Markets: Crude oil and natural gas.
• 50 Forex Pairs: Major, minor, and exotic pairs are all here.
• 115 CFDs on Stocks: A mix of American and Russian companies.
• 7 CFDs on ETFs: A good option for those interested in diversified funds.

In total, you’ve got over 270 trading instruments to explore!

Trading Platform:
FreshForex supports MetaTrader4 and MetaTrader5, which are available on Windows, macOS, Linux, Android, iOS, iPadOS, and Web. You’re covered no matter your device.

Minimum Deposit:
You can get started with as little as $10.

Commission:
No commissions on Classic and Market Pro accounts! ECN accounts have market commissions.

Leverage Options:

• Max Leverage: Up to 1:2000 — and you can get bonuses to boost your trading power.
• Min Leverage: 1:25

Swap-Free Accounts:
Available if you need them.

Order Execution:
From 0 seconds with no requotes, so you’re trading at lightning speed.

Lot Sizes:

• Minimum Lot: 0.01
• Maximum Lot: 20 on Classic, 100 on Market Pro, 10,000 on ECN, 2000 on Classic.Cent and Pro.Cent accounts.

Order Limits:
No restrictions on the number of orders you can place.

Risk Levels:

• Margin Call Level: 100%
• Stop Out Levels: 20% on Classic, 40% on Market Pro, 60% on ECN, 20% on Classic. Cent, and 40% on Pro.Cent.

Additional Features:

• Expert Advisors: Allowed, so you can automate your trades.
• Phone Trading: Yes, you can trade over the phone.
• Scalping and Hedging: Both strategies are welcome.
• Copy Trading: Available, but only through MetaQuotes’ copy trading service.

Investment and Partnership Programs:
No investment programs, but FreshForex does have a partnership program if you’re interested in referrals.

Bonuses and Demo Accounts:

• No Deposit Bonus: Available for newcomers.
• Demo Account: Perfect for testing the waters before trading live.

Contact Methods:
You can reach FreshForex through online chat, Telegram, email, phone, or even an internal ticket system in the Personal Area.

Deposit and Withdrawal Methods

FreshForex offers instant deposits with zero company-side commissions — a big plus if you’re looking to keep more of your funds!

Here’s a quick rundown of their supported payment methods:

• Bank Cards: Deposit instantly using Visa, Mastercard, MIR, P2P cards, and others.
• Cryptocurrencies: They accept popular options like Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Tether (both TRC20 and ERC20), Zcash, USD Coin, and more.
• Electronic Payment Systems: You can also use PerfectMoney, AdvCash, WebMoney, and similar e-wallets.
• National Payment Systems: FreshForex supports a variety of local options like M-Pesa, OnlineNaira, and banking systems in Malaysia, Indonesia, Vietnam, the Philippines, Thailand, and Nigeria. They also cater to specific local payment needs with options like ฝากด่วนออนไลน์, Gửi Tiền Nhanh, My Direct, Transfer Kilat, Kuchinga Voucher, Ozow, Snapscan, and E-wallets in the Philippines.

Plus, withdrawals are super quick — typically processed within 15 minutes during business hours. So if you’re in a hurry to access your funds, FreshForex has you covered!

Actual promotions and bonuses

• 101% Supporting Bonus: This one’s a lifesaver if things don’t go as planned. It gives you an extra cushion by doubling your trading budget, so you have something to fall back on in case of a drawdown.

• Weekly Cashback: FreshForex rewards you with real cash every week — up to $20 per lot! That’s extra money coming your way, just for trading.

• 300% Deposit Bonus: Talk about a serious boost! With this bonus, you can get up to $5000 added to your trading account to help with margin requirements. It’s perfect for those who want a little extra firepower.

• Stop-Out Insurance: No one likes taking a hit, but with FreshForex’s stop-out insurance, you’ll get back 50% of your losses if things don’t go as planned. It’s a great way to limit the sting of a tough trade.

• Extra Bonuses for Deposits: FreshForex loves to reward its traders. For instance, you can get up to an additional 15% on crypto deposits. So, if you’re adding funds, especially in crypto, you’ll get even more to trade with!

On top of these regular offers, FreshForex frequently rolls out limited-time promotions. Sometimes, you might snag a 202% bonus instead of the usual 101%, or even trade on an ECN account without commission fees. They’ve also been known to reimburse losses on those first few trades to help new traders feel more comfortable. Keep an eye out for these promos – they’re a fantastic way to maximize your trading experience!

• 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

FreshForex pulls out all the stops when it comes to bonuses, and their latest one is pretty exciting! They’ve just rolled out a new no-deposit bonus of 1 ETH. With the booming popularity of cryptocurrency, FreshForex is letting you kick off your trading with one of the most well-known and stable cryptos out there – Ethereum.

All you need to do is sign up, and this forex bonus without a deposit is yours! No KYC verification or deposit is required, so you can dive right in and start testing without any hassle. This is a great way to get a great experience of cryptocurrency trading, especially with something as popular as Ethereum.

This awesome promo runs from June 17 to August 31, 2024. With this bonus, you get 7 days to trade, test out strategies, and see if FreshForex’s platform suits your trading style. It’s a perfect way to try things out and get comfortable with the broker’s terms without committing any of your own money. If you like the experience, you can jump in with more confidence.

One of the best parts? No KYC or deposit is needed to access this bonus! As soon as you open your account, you’re ready to start trading with the bonus right away. While you can’t withdraw the bonus itself, any profits you make from trading with it are yours to keep, provided you meet the promo requirements.

There’s plenty of flexibility with this bonus. You can trade however you want, without limitations on how to use it. To cash out any profits you earn, all you need to do is hit a profit target of 0.0010 ETH for every 1 lot traded within 30 days. It’s a great setup for active traders who want to make the most of this bonus.

All in all, FreshForex has put together an excellent opportunity for new traders to dive in, especially if you’re curious about crypto trading but don’t want to risk your funds right away. With the chance to cash out profits and explore the platform, this promo adds a fun, risk-free twist to your trading journey. Take advantage of this limited-time offer and trade with freedom!

Using this bonus to trade also lets you sharpen your strategies and experiment with different trading approaches. If you’re new to crypto, this is a great chance to learn more about it and step into the world of digital assets. And if your trades don’t go as planned, no worries—since it’s bonus-funded, you’re not risking any of your cash. Just register with the special link and get started!

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

Here’s another great deal for those who like to make deposits with crypto! FreshForex offers a bonus just for using one of their 10 available crypto deposit methods. When you deposit $202 or more, you’ll score an extra 5% added straight to your Balance – meaning it’s real, withdrawable cash, not just a trading credit. If you go a bit bigger and deposit $1,010, you’ll get a 10% bonus.

You can use these bonus funds freely, but make sure to check out the full promo terms for any details. The maximum bonus you can snag is $500 (or 500 EUR, depending on your account currency), or the equivalent in other currencies, based on the company’s internal rates.

Best part? This crypto bonus stacks with other FreshForex promotions, so you can make the most of your deposits!

Customer Support and Contact Info

FreshForex has a truly global reach, offering its website in a variety of languages to cater to traders around the world. You can browse the site in Russian, English, Spanish, Portuguese, Vietnamese, Indonesian, Chinese, Arabic, Thai, Kazakh, Ukrainian, Uzbek, Azerbaijani, and Tajik.

When it comes to customer support, FreshForex offers assistance in English and Russian. They’ve got a 24/7 online chat right on their website, so you can get help whenever you need it. You can also reach out via email at info@freshforex.com, or connect with them on Telegram at @FreshForexSupport.

Educational and Analytical Tools for Traders

FreshForex offers a range of educational and analytical resources to help traders sharpen their skills and stay on top of market trends.

• Daily Market Insights with “FRESH FORECAST” – This expert analysis provides various perspectives on the market, offering both fundamental and technical insights to guide your trading decisions.

• Stock Exchange Heatmap – This tool shows the potential profitability of instruments by highlighting their volatility over different time frames (day, week, month). It’s perfect for quickly spotting trending assets.

• Cleverfx Forex Encyclopedia & Interactive Tutorial – A handy guide and tutorial that breaks down Forex concepts and strategies for traders at all levels. Whether you’re a beginner or a seasoned pro, this resource has something for everyone.

• Huckster Forex Advisors Store – If you’re looking to level up your trading, Huckster is the place to get Forex advisors, indicators, scripts, and even free resources to enhance your strategy.

• Forex Economic Calendar – Stay updated on important economic events. You can filter by country, event importance, and time interval. It’s updated in real-time as news breaks, so you won’t miss a thing.

• Analytical Newsletters (Fresh) – Sign up for FreshForex’s newsletters and get regular updates on major market events and analysis sent straight to your inbox. Stay informed and ahead of the curve!

How to Register and Verify on the FreshForex

Getting started with FreshForex is easy. Here’s what you need to do:

1. Step 1: Registration
   Simply enter your phone number and email address to get started.
2. Step 2: Confirm Your Identity
   After that, you’ll be asked to enter your first and last name, and the confirmation code sent to your email. At this point, you’ll also choose the type of trading account you want. Once done, click on “Open Trading Account” and you’ll be taken to your Personal Area. You’ll receive an email with your login and password for both the trading account and Personal Area. Make sure to save this info and keep it private.
3. Step 3: Freshforex verification
   To unlock all deposit options, you’ll need to verify your account. This involves taking clear photos (not scans) of both sides of your ID card or another official document, along with proof of address. Send these photos to info@freshforex.com or upload them directly to the “My Personal Data” section in your Personal Area. Your documents will be reviewed, usually within 3 business hours, and you’ll get an email confirming your verification.
4. Step 4: Phone Number Verification
   After funding your account, verify your phone number. In the “My Personal Data” section, click on your number to receive an SMS with a code. Enter the code, and your phone number will be successfully verified.

Minimum Deposit & Bonuses
The minimum deposit to start trading is just $10. If you deposit $100 or more, you’ll be eligible for a 101% drawdown bonus to give you a boost.

Withdrawals
When you request a withdrawal, you’ll receive a confirmation code via phone or email. Once you enter that code, your withdrawal will be processed. Generally, withdrawal requests are handled within 20 minutes during the company’s working hours.

Pros of FreshForex

Only European Liquidity Providers
FreshForex partners exclusively with European liquidity providers, ensuring the reliability and high quality of the trading conditions they offer. The liquidity providers are carefully selected for optimal performance.

Wide Range of Trading Instruments
With over 270 trading instruments, there’s something for everyone: from classic currency pairs and metals to the latest popular cryptocurrencies. You can explore the full list of available instruments in the Forex and CFD Contracts Specifications.

Spreads from 0 Pips
For many traders, tight spreads are a key indicator of a broker’s quality. FreshForex offers spreads starting from as low as 0 pips. You can check the specific spreads in the Forex and CFD Contracts Specifications.

Variety of Promotions and Bonuses
FreshForex offers a range of attractive promotions and bonuses. These include a 101% drawdown bonus on deposits, a 300% deposit bonus, weekly cashback, real funds when depositing with cryptocurrency, a no-deposit bonus, and stop-out insurance to help recover part of your funds in case of a stop-out. You can find all promotions in the “Promotions and Bonuses” section. The company’s promotions were recognized with the “Best Bonus Program” award in 2017. Traders can choose the promotion that best suits their strategy and maximize their benefits.

Trading Accounts in National Currencies
You can open trading accounts in your local currency, which is incredibly convenient if you want to avoid conversion fees when depositing funds.

Cent Accounts, Demo Accounts, and Educational Resources
FreshForex provides cent accounts, demo accounts, and a variety of educational and analytical materials. This makes it easier for beginners to start trading and helps experienced traders explore new opportunities with a trusted broker.

Fast Order Execution (0.05 seconds)
Orders are executed in just 0.05 seconds, ensuring fast execution without the hassle of requotes.

Zero Commission on Deposits
FreshForex does not charge any deposit fees on its side, though payment systems may apply their own fees.

Cons of FreshForex

Customer Support Operates 24/5
While FreshForex provides customer support from Monday to Friday, it does not offer 24/7 support like some brokers. This could be a downside for traders who prefer having access to assistance over the weekend. However, their support team is responsive and efficient, handling even more complex technical issues.

No PAMM Programs
FreshForex previously offered an investment program, but to enhance transparency and reduce client risks, the broker decided to discontinue it. Traders who prefer passive income strategies will need to look for another broker or use trading advisors or account managers at FreshForex, taking full responsibility for their trades.

No Copy Trading Service
FreshForex does not offer an in-house copy trading service. However, traders can use third-party trading signals from Telegram groups or other platforms. Many traders now share their signals publicly on popular messengers.

No Mobile App for the Client Area
Unlike some brokers that provide mobile apps for easy trading on the go, FreshForex does not have a dedicated app for its client area. However, the broker’s website is fully optimized for use on smartphones, making it convenient to trade on mobile devices.

FreshForex’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 brokers, FreshForex provides a set of legal documents available on the company’s website. It is important to review these documents carefully, and if you have any questions regarding the broker’s rules, feel free to contact customer support.

These documents include essential legal details that ensure your experience with the company is transparent and well-understood. They cover topics such as trading regulations, deposit and withdrawal procedures, dispute resolution, and the risks associated with trading on the financial markets.

Freshforex summary

In conclusion, FreshForex stands out as one of the most reliable brokers, despite the absence of an official license. Over the years, the company has grown into an international brokerage with a diverse client base across 160 countries.

FreshForex has built strong, long-term partnerships with licensed European liquidity providers, banks, and payment systems, with over 19 years of collaboration.

While we’ve highlighted some drawbacks of the broker above, FreshForex excels in several key areas. The company offers fast deposits, timely withdrawals, a wide range of financial assets for trading, and a high number of currency options for trading accounts.

Additionally, their profitable bonuses, competitive trading terms, and professional customer support contribute to their popularity and reliability. Many clients have been with FreshForex for over 10 years, reflecting a high level of trust and loyalty towards the company.

However, when choosing a broker, it’s important to consider both the positive and negative aspects. If you have any personal experiences with FreshForex, I encourage you to share them. Your feedback can help others make informed decisions when selecting Freshforex for trading.