FreshForex Review – Facts That Make Investments Here Very Risky

FreshForex broker is allegedly a Russian company headquartered in St. Vincent and the Grenadines. With this in mind, you know something must be wrong.

In the end, whether they are in Russia or SVG, their trading conditions are extremely risky. Not to mention, they lack funds protection features. But to find all the irregularities about this broker, read our honest FreshForex review.

Legal Info: Is FreshForex Legit?

Even though FreshForex broker holds CRFIN license it can’t be compared to Tier 1 regulations. Since CRFIN is a self-regulated entity, you can’t trust it much. At least not as much as you can to FCA, BaFin or ASIC. Russia’s official government regulator of trading firms is their Central Bank, so CRFIN might as well be a cover for scam firms. Yet, freshforex.com doesn’t have any of the aforementioned licenses.

Also, the company only has negative balance protection as a funds protection feature. However, segregated bank accounts for deposits and compensation schemes are not part of the deal.

Who Are FreshForex’s Clients?

All the clients of this broker are coming mainly from African countries. A few of the most targeted countries are:

• Botswana
• South Africa
• Indonesia
• Nigeria
• Malaysia

However, the broker is restricted from providing services in the UK, the US, North Korea, and Spain. But keep in mind those have quite strict regulations. If you experience any withdrawal problems with this broker, feel free to contact our experts for consultation.

Traders Experiences

One of the leading worrying facts is the FreshForex reviews, even though the amount is quite shady for a brokerage that has existed since 2004. Anyway, there are 35 comments, with almost 40% negative ones on Trustpilot.

Therefore, you should be extremely cautious. Especially because of potential withdrawal issues. But if you already experienced any, contact our refund specialists for advice.

Leverage, Fees, Spreads and Commissions With FreshForex

Another warning sign is extremely high leverage of up to 1:2000. Remember that Tier 1 regulators impose a maximum limit on leverage of 1:30 for retail traders. And not without a reason.

Spreads with the company start at 1.3 pips, which is around the average, while commissions are charged only for ECN accounts, starting at 0.003% for forex. Also, up to 2.5% of withdrawal fees are included, depending on the method.

Bonuses

FreshForex deposit bonus is available in various forms. You can get up to 300% on top of the first deposit. But also, $99 without depositing.  Yet, the broker doesn’t have a transparent withdrawal or bonus policy. So, without trusted regulations, it’s not a playable field.

FreshForex Trading Features

At least there is something positive about this broker. That is MT4 and MT5 availability. But don’t let this fool you. Even though these software choices are the best for beginners or experts, that doesn’t define a broker. Anyway, you can enjoy multiple advanced functionalities and comfortable trading.

Is FreshForex Legit?

In the first place, FreshForex no deposit bonus is not an option. FreshForex bonus is a cheap way to get someone onboard. Also, without Tier 1 regulations and FreshForex’s $ 1,000 no-deposit welcome bonus, you can’t trust them enough.

Available Trading Assets

Tradeable assets with this broker are quite standard. Even though FreshForex minimum deposit doesn’t exist, you should be careful about investing anything. On the positive side, a wide range of assets is available. Those are:

• Forex – USD/GBP, AUD/HKD
• Commodities – gold, silver
• Indices – DAX30, CAC40
• Shares – Amazon, IBM
• Cryptos – BTC, BCH

Account Types

Practically, all the accounts get similar conditions. But before you choose any of their options, you should learn more about security in the trading world.  Anyway, you can choose between:

• Real
• Partner
• ECN
• Swap Free
• Cent

Mobile Trading App

All companies using MT4 and MT5 also provide access to the account on the mobile. Therefore, all iOS and Android users won’t lose any functionalities while trading. The only downside is that this broker doesn’t have a Tier 1 license. To see why that is important, read our BoldPrime Broker review.

Demo Account

Another positive thing is that the company offers a demo account. Even though Fresh Forex minimum deposit practically doesn’t exist, that shouldn’t trick you into opening a real account. Be patient with the FreshForex sign-up.

Education

Even without the FreshForex sign-in option, you can see their educational package. It consists of general articles and webinars. But for FreshForex MT4 trading, you will need much more. 

FreshForex Withdrawal

Fresh Forex welcome bonus is one of the potential reasons for withdrawal issues. The company has up to 5 business days of withdrawal processing time. Also, their fees vary depending on the withdrawal method. 

Since some traders reported issues with the Fresh Forex welcome bonus, you should keep an eye on it.

Customer Support

As for the contact options, the company has quite solid options. Fresh Forex broker provides customers with 24/5 service via live chat and e-mail. But also, a phone line is available from 7 AM – 4 PM GMT. On top of that, you can join the FreshForex Telegram group.

Key Information To Consider About FreshForex

First, the company has a self-regulatory license, not the top-tier one. Also, their trading conditions are extremely risky, even though they provide trusted trading software. Nevertheless, their reviews are not something that would attract anybody.

Ultimately, the choice is yours if you trust this broker. In any case, you can contact our refund specialist for advice about any potential withdrawal problems.

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