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FreshForex Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-02-05 17:08

Abstract:FreshForex, an online brokerage platform, offers a wide range of trading instruments. They provide their clients with the popular MT4 and MT5, known for their advanced features and user-friendly interface.

Quick FreshForex Review Summary
Founded2009
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market Instruments270+, forex, CFD
Demo Account✅
Islamic Account✅
Min Deposit$10
Leverage1:25 - 1:2000
SpreadFixed from 2 pips (Classic account)
Trading PlatformMT4 and MT5
Customer Support24/5 live chat, Telegram
Tel: +442070992124 (from 07:00 to 16:00 GMT)
Email: info@freshforex.com

FreshForex Information

  FreshForex, an online brokerage platform, offers a wide range of trading instruments. They provide their clients with the popular MT4 and MT5, known for their advanced features and user-friendly interface.

  However, it is important to note that FreshForex currently operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.

FreshForex's homepage

Pros & Cons

ProsCons
  • Demo accounts
  • Not regulated
  • Flexible leverage ratios
  • Withdrawal fee charged
  • MT4 and MT5 supported
  • Low minimum deposit
  • No deposit fee for most methods
  • Live chat provided

Is FreshForex Legit?

  FreshForex is currently operating without proper regulation, indicating a lack of oversight from government or financial authorities. This lack of regulation brings about risks when considering investing with them.

  Therefore, it is recommended to conduct comprehensive research and carefully evaluate the potential risks and rewards before deciding to invest. It is generally advisable to choose regulated brokers to ensure the safety and protection of your funds.

No license

Market Instruments

  FreshForex offers 270+ trading insruments, including forex and CFDs.

Leverage

  FreshForex provides flexible leverage ranging from 1:25 to 1:2000, which can be attractive to traders seeking higher returns with a smaller initial investment.

  However, it is important to understand that while high leverage can lead to significant profits, it also comes with increased risks. The higher the leverage, the greater the potential for both gains and losses. Traders is supposed to be aware that losses can also be magnified, and even a small unfavorable price movement can result in a substantial loss.

  Trading Platforms

  FreshForex offers its clients the popular MT4 and MT5. These platforms are widely recognized in the industry for their advanced features, user-friendly interface, and extensive trading capabilities.

  • MetaTrader 4 (MT4):

  MT4 is a well-known and widely used trading platform, offering a comprehensive set of tools for traders of all levels. It provides a range of features such as real-time price quotes and various order types for efficient trade execution.

  • MetaTrader 5 (MT5):

  MT5 is the successor to MT4 and offers even more advanced features and capabilities. In addition to everything available in MT4, MT5 provides access to additional markets, including stocks and futures. It offers a more extensive selection of technical indicators and charting tools for in-depth analysis. Like MT4, MT5 allows for the creation and use of EAs, offering the flexibility to automate trading strategies.

MT4/5

Deposit & Withdrawal

  Deposit

Deposit MethodMin DepositDeposit FeeDeposit Time
Cryptocurrencies
Bitcoin0.0005 BTC❌Min. 3 confirmations
Bitcoin Cash0.07 BCH
Litecoin0.4 LTC
Tether ERC2030 USDTDepends on the blockchain network
Tether USDT (TRC20)25 USDT
Binance Coin0.045 BNB
Ethereum 0.01 ETH
Ripple50 XRP
Stellar30 XLM
USDC25 USD
E Payments
Sticpay2 100 INR, 390 000 IDR, 1 500 PHP, 900 THB, 630 000 VND, 25 USD/EUR❌Instant
Webmoney150 USD30%
Volet25 USD/EUR❌
OnlineNaira NGN44 000 NGN
OnlineNaira USD25 USD
E-wallets of the Phillipines2 500 PHB
ฝากด่วนออนไลน์900 THB
Gửi Tiền Nhanh630 000 VND
My direct110 MYR
Transfer Kilat390 000 IDR
Express Payment1 500 PHP
Kuchinga: App, Ozow, Snapscan, Cards, Voucher450 ZAR
Kuchinga: APP, Instant Bank, Cards, Voucher44 000 NGNUp to 24 hours
Bank cards
Mastercard50 USD/EUR❌Instant
Bank cards (GP)25 USD/ 2 100 INRUp to 24 hours
Visa/MasterCard NGN44 000 NGNInstant
Visa/Mastercard25 EUR
Mobile payments
M-Pesa3 500 KES❌1 day
Internet banking
Banks110 MYR, 2 500 PHP, 390 000 IDR, 630 000 VND, 900 THB❌Instant
Banks of Nigeria44 000 NGN3 - 7 days
Deposit 1
Deposit 2

Deposit 3

  Withdrawal

Withdrawal MethodWithdrawal FeeWithdrawal Time
Cryptocurrencies
Bitcoin1% BTC (min 0,0001 BTC)Depends on the blockchain network
Tether ERC200.5% USDT + 5 USD
Ethereum0.1% ETH (min 3 USD, max 10 USD)
Ripple0.1% XRP (min 3 USD, max 10 USD)
Tether TRC200.5% USDT + 2 USD
Bitcoin Cash0.5% BCH (min 0.005 BCH)
Litecoin0.5% LTC (min 0.015 LTC)
E Payments
Webmoney0.8% USDInstant
Volet2% USD/EUR
OnlineNaira❌
Ozow2% ZAR + 10 ZAR5 bank days
Snapscan
Sticpay2.5% USD/EUR + 0.3 USDInstant
Bank cards
Visa/Mastercard2.5% USD/EUR + 5 USD/EUR5 bank days
Mobile payments
M-Pesa5% KES + 80 KES5 bank days
Internet banking
Banks3% MYR/IDR/VND/THB/PHP (min 1 USD)5 bank days
Banks of Nigeria1% NGN + 1 500 NGN

Withdrawal 1
Withdrawal 2

Customer Service

  Customers can visit their office or get in touch with customer service line 24/5 using the information provided below:

  Live chat

  Telephone: +44 2070992124 (from 07:00 to 16:00 GMT)

  Email: info@freshforex.com

contact details

  Additionally, FreshForex provides a Frequently Asked Questions (FAQ) section on their website to assist clients with commonly raised questions and provide pertinent information.

FAQ

Conclusion

  In conclusion, it is important to exercise caution when considering FreshForex as an investment platform. At present, FreshForex operates without valid regulation or oversight from a government or financial authority. This lack of regulation raises concerns about the safety and security of investors' funds and the transparency of their operations.

  While FreshForex offers a wide range of trading instruments and popular trading platforms like MT4 and MT5, the absence of regulatory oversight means that investors may face increased risks, including potential difficulties in withdrawal and the possibility of falling victim to scams.

Frequently Asked Questions (FAQs)

Q 1:Is FreshForex regulated?
A 1:No.
Q 2:Does FreshForex offer demo accounts?
A 2:Yes.
Q 3:Does FreshForex offer the industry leading MT4 & MT5?
A 3:Yes. Both MT4 and MT5 are available.
Q 4:What is the minimum deposit for FreshForex?
A 4:$10.
Q 5:Is FreshForex a good broker for beginners?
A 5:No. It is not an ideal choice for beginners because of its unregulated condition.

Risk Warning

  Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Related broker

No Regulation
FreshForex
Company name:Riston Capital Ltd.
Score
2.18
Website:https://freshforex.com/
5-10 years | Suspicious Regulatory License | MT5 Full License | High potential risk
Score
2.18

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