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FreshForex
Saint Vincent and the Grenadines|2-5 years| Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|
http://take-profit24.com
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http://take-profit24.com
Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.
Licenses
No valid regulatory information, please be aware of the risk!
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Company Name
FreshForex.
Company Abbreviation
FreshForex
Platform registered country and region
Saint Vincent and the Grenadines
Company website
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Warning: Low score, please stay away!
2
Previous Detection :
2024-04-20
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
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FreshForex · Company Summary
BASIC INFORMATION
FreshForex, operated by Riston Capital Ltd, is an offshore brokerage established in 2004 and registered in Saint Vincent and the Grenadines. The broker provides over 130 financial instruments to clients from over 200 countries worldwide, as well as a range of educational tools for both beginners and experts.
REGULATORY INFROMATION
No valid regulatory information
Please be aware of the risk!
MARKETS
FreshForex offers six main asset classes:
· Currencies – Trade on over 40 currency pairs including the EUR/USD, GBP/USD and GBP/EUR
· Cryptocurrencies – Access 5 of the most popular cryptos, including Bitcoin and Litecoin
· Stocks – Trade 60 CFDs on corporate stocks, including Microsoft and Ford
· Indices – 11 global indices are available including the FTSE 100 and NASDAQ
· Precious metals – Trade gold and silver CFDs on spot markets
· Energies – Trade on oil and gas
SPREADS & COMMISSIONS
Spreads at FreshForex are fixed with the Classic account at 2 pips for the EUR/USD and 3 pips for the GBP/USD. Spreads are floating with the Market Pro account, starting at 1.3 pips for the EUR/USD. These are by no means the tightest spreads out there. Minimum spreads at regulated brokers such as XM start from 0.1 pips, for example.
Commission is charged with the ECN account, starting from 0.0030% for forex. Other charges include overnight swap fees which are tripled from Wednesday to Thursday. Overall, FreshForex is a relatively expensive broker to trade with.
LEVERAGE
The maximum leverage accessible with the Classic account is high at 1:2000. The Market Pro and ECN accounts cap leverage at 1:1000, but even this is higher than most. These leverage rates should be approached with caution as they can seriously increase losses as well as returns.
ACCOUNT TYPES
Accounts at FreshForex are rather confusing. The website presents several account types – Real, Partner, Pro Cent, etc. Information is provided on three accounts within the contract specifications page: Classic account, Market Pro account, and ECN account.
There is no minimum deposit requirement, though they recommend $200 for Classic, $400 for Market Pro, and $2,000 for ECN. Base currencies are USD, RUB, EUR, and BTC. All assets are available in all three accounts, as well as the MT4 and MT5 trading platforms. Spreads are fixed with the Classic and floating in the other two accounts and all require a minimum order size of 0.01 lots.
Islamic swap-free accounts are also available at request.
PAYMENT METHODS
Deposits
FreshForex offers over 20 fast and free funding methods, including credit/debit cards, e-wallets, cryptocurrencies, Malaysian bank wire, and local deposits in Africa. Deposit requests need to be made within the personal client area, by completing the online payment form. The minimum deposit amounts for cards are 10 USD/EUR. Minimum deposits with other payment methods vary.
Note, PayPal is not available.
Withdrawals
Most of the same methods are available, including cards, e-wallets, cryptos, and Malaysian bank wire. Fees are charged for withdrawals, which range from 0.5% for FasaPay and Perfect Money, to 2.5% for cards. The only free e-wallet method is OnlineNaira, though the withdrawal currency is Nigerian Naira.
Withdrawal times for cards and Malaysian banks are 1 – 5 business days and e-wallet applications are processed within 10 minutes. Minimum and maximum withdrawal amounts vary depending on the method and can be found on the website.
TRADING PLATFORMS
· MetaTrader WebTrader
· MetaTrader 4
· MetaTrader5
ACCEPTED COUNTRIES
FreshForex accepts traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders cannot use FreshForex from United States, United Kingdom, Spain, Japan, Korea
TRADING HOURS
Trading times for forex are Monday to Friday from 00:05 am to 24:00 midnight EET (UTC+2, UTC+3 during the summer). Precious metals hours are Monday to Friday from 01:00 to 24:00 EET. Most cryptocurrencies are available 24/7. Specific timings on stocks and indices vary.
CUSTOMER SUPPORT
You can contact support via:
· Email – info@freshforex.com
· Telephone number – +442070992124
· Live chat – accessible from the top of the page
· FreshForex is headquartered at St. Vincent and the Grenadines, Kingstown, Beachmont, P.O. Box 1510, Suite 305 Griffith Corporate Centre.
User Reviews
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Padma1438
6-12months
Without a doubt, this broker stands as the most reliable in my country. Anticipate swift and versatile transaction methods, alleviating any concerns about credit card-free deposits...
2023-08-30 06:11
Gonca
6-12months
For those seeking to expand their network in the dynamic Forex market and yield substantial earnings through a partnership program, FreshForex stands as an excellent contender.
2023-08-30 04:59Rahman4738
6-12months
After participating in two of their weekly webinars and completing the educational content available on their website, you'll feel confident enough to start trading. Begin with a modest $20 investment to develop your trading psychology and steadily improve.
2023-07-30 21:02Rita5751
6-12months
During my 4-5 months of trading with this company, I haven't noticed any indications of scams. Thus far, I have no complaints, except for the fact that their Classic account still operates with 4 digits.
2023-07-01 14:14Mitar
6-12months
I haven't come across any indications of scams on my own trading account. The trading terms are clear, and I haven't noticed any hidden terms so far.
2023-06-28 00:38Edytha
6-12months
Participating in the weekly webinars is a smart move to enhance my trading skills on a weekly basis. It's not just about technical aspects but also includes discussions on the current market trends. It's important to note that webinars are not conducted on weekends.
2023-05-24 23:01Della4530
6-12months
I really enjoy the weekly webinars where the current market and upcoming news are discussed. They provide basic information that can be helpful for your own analysis.
2023-05-01 00:30Aurel
more than one year
Since I just withdrawn +$400 this week and seeing how low the reputation of this company out there, I just want to deliver my take about their services. Their weekly webinars helped me on considering the next move since some big events can be missed if not because of this. The main profitability came from avoiding these big news events that will blown the account instantly and they given a fair warning to traders on what to avoid despite how accurate you are in the market.
2023-03-31 15:39Micael
more than one year
The 'danger' status here is a bit biased when it comes to review of this broker. I can prove it otherwise by saying that there is no suspicious activity on this broker as long as you don't take any bonuses offered by this and many other brokers. By far the experience was decent and the spreads are competitive although not thinly low as others. Scalping is permitted and even they offer VPS for automated trading.
2023-02-20 14:23Milla
more than one year
By far I had no issues that i can deliver here. They have major instruments with competitive spreads compared to the other brokers I have used along with no delays especially on making orders after big news event. This is just a basic features that even bigger brokers forget to add and maintain in their trading servers.
2023-01-30 13:14Alfvin
more than one year
It seems that this broker need to improvise their trading instruments to the point that we area able to trade around weekend by providing cryptocurrencies or maybe some synthetic indices. The commission on most instruments is decent to trade, mainly on major pairs so I had no complain about it.
2022-12-30 14:37Elpis
more than one year
By far, I had no issues on trying to trade with real funds in their trading servers. The commissions are decent for the trading account thus I had no delay so far on executing trades. People been complaining about not being able to withdraw their funds, but since I didn't take any bonuses on my account, I am certain that mine will go well. The moves on S&P 500 has been pretty decent this week and thankfully I can scalp thanks to their small spread.
2022-11-30 17:16Edu8437
more than one year
The review above might be a comment on the past No Deposit Bonus which is not a relevant thing anymore for traders in 2022. As the matter of fact, My experience on utilizing the other kind of bonus (drawdown bonus) was convenient as I had no problem on managing my funds in the account.
2022-11-24 16:53
reza7822
more than one year
promo ndb 2021 USD after a lot of profit is withdrawn and drawn with all brokers... including the profit... it's 100 percent
2022-11-05 04:56
