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The data are from WIKI Research 2021.05.14 updated
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General Information & Regulators
FreshForex is a St. Vincent registered online Forex and CFD trader. FreshForex is currently registered with St. Vincent FSA.
FreshForex's official website claims to be registered with St. Vincent's FSA, but St. Vincent's does not regulate forex, so the trader is currently unregulated. The primary criterion for measuring the safety of a trading platform is whether it is formally regulated or not. Investors should avoid this FreshForex.
Investors can trade over 139 instruments on the FreshForex marketplace, mainly cryptocurrencies, stocks, indices, and metals.
Accounts & Leverage of FreshForex
To meet different investors' investment needs and trading experience, FreshForex offers traders three different types of accounts: Classic Accounts, Market Pro Accounts, and ECN Accounts. The maximum trading leverage is 1:2000 for Classic Accounts and 1:1000 for Market Pro & ECN Accounts.
Spreads & Commissions of FreshForex
Spreads on FreshForex Classic accounts are 2 pips on EURUSD, 3 pips on GBPUSD, and 2 pips on USDJPY. Spreads on Market Pro accounts are 1 pip on EURUSD, 1 pip on GBPUSD, and 1 pip on USDJPY. Commission on Forex trading on ECN accounts is between 0.0030% and 0.0045%, respectively.
Trading Platforms Available
FreshForex claims to offer traders the industry-leading and popular MT4 and MT5 trading platforms, but the authenticity of these two trading software remains questionable.
Deposit and withdrawal of FreshForex
FreshForex supports various convenient deposit and withdrawal methods, which traders can choose flexibly according to their actual needs. The main deposit and withdrawal methods are Visa/MasterCard, WebMoney, Skrill, NETELLER, FasaPay, Perfect Money, Bitcoin, etc. The user pays 2.5% + 5 EUR/USD for withdrawal via Visa/MasterCard, 0.8% for withdrawal via WebMoney (up to 50 USD), 0.5% for withdrawal via Skrill, 0.5% for withdrawal via Perfect Money, and 1% for withdrawal via Bitcoin. 1% fee for withdrawals via TBY.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.