Is fresh forex regulated

Telephone assistance is obtained through multi-channel options with 24/5 service.

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Fresh Forex Review; is Fresh Forex Scam or Legit Broker, is fresh forex regulated.

Calling number to call will be 44-207-099-2124. The service representatives are proficient at handling technical, trading, enrollment, and even account-related matters. An internet contact form is available for traders, together with customers necessary to input company info, contact name, email, cell phone number, and also the information. Customer service representatives endeavor to answer questions as promptly as achievable. A fast comparison of the various account types is recorded underneath:

Fresh forex review – is fresh forex scam or legit broker?

Fresh forex

Rating

No data about segregated accounts

Not all relevant info available on site

Online chat options limited

Fresh forex is a documented member of this IDACB (international decentralised association of cryptocurrency and also blockchain). It’s licensed and controlled at st vincent and grenadines, together with fiscal services provided by riston capital LTD. This internet forex broker was usable after all 2004, also it supplies a plethora of FX trading solutions to both individuals.
These include a few popular accounts kinds like the classic account, market pro account, and also the expert ECN account. Together with trading terminals MT4 and MT5 in performance, fresh forex supplies a vast selection of store order executions, multiple order types graphs, graphs, charts and other investigation. This forex broker boasts the ordinary withdrawal period of 11 minutes, so dictate implementation time of 0.3 seconds, and also an ordinary spread worth of 0.2.
This forex broker features an extraordinary selection of offerings, especially leverage of 1:2000, spreads from 0%, micro heaps starting at 0.01, cryptocurrency trading and 0 percent commission on deposits. As an industry-leading authority, fresh forex has been given 30 times, also it has customers in 158 states. There are a few 130 trading tools readily available, with easforex via telegram, and rapid order execution.

Overview/ desktop

Fresh forex was going strong for 14 decades, also is considered a market-leading thing at the FX trading stadium. A number of the profits available through this broker comprise tight spreads, zero deposit, and also rapid lack times. In addition, customers of fresh forex obtain to delight in a vast array of educational tools and tools, training solutions, and analytics. A number of awards are awarded for the broker through time, for example the kroufr awards in 2016, the 2015 shanghai forex expo award-winning, the invest award in 2014, the russian affiliate congress (RACE) award along with also others.

This forex brokerage organization is possessed by riston capital limited, having its physical address located in st vincent and the grenadines. The international business company number is currently 20623 IBC 2012, with the day of incorporation recorded as august 29, 2012. The business is up to date having its own obligations and fees, as determined with the registrar of international business companies (september 5, 2018). Customers may begin investing in real money, or with a demonstration account in their own leisure. Among the others, you can find numerous bonuses out there to customers like tradable deposits, bonuses without commission, cashback and more.

The assortment of trading tools comprises forex pairs, and spot rare metallic cfds, CFD strength futures, cryptocurrency cfds, indices, company shares and so on. This broker comprises weekly and daily predictions and calendars of events, upgraded financial trading information, and crucial advice on rates of interest, holiday programs, and worldwide trading sessions.

Account types

Several unique account types are readily available to traders in 158 nations. To obtain going, traders will be expected to finish the registration form by choosing their country, entering biographic info, and trading on the web. It will take moments to start a free account, as soon as the necessity information was entered, customers may begin trading financial tools. It’s likely to start 9 real-money accounts in addition to an affiliate account in fresh forex. The classic account and also the market pro accounts procedure requests through the store variant. Prices are implemented at amounts on the store at the opening/closing of the arrangement. With market pro accounts, make benefit and stop-loss orders could be installed after the starting position.

A fast comparison of the various account types is recorded underneath:

ECN account using metatrader 4 to android, iphone, windows and mac apparatus. A vast assortment of trading tools is available for example cfds, silver, gold, and money pairs. The minimum order size is 0.01 lots also it includes market disperse. Eas are all permitted. Other characteristics include hedging, portable trading, 1-click trading, pending orders, trailing stops, and swaps.

Market pro account using metatrader 4 to android, iphone, windows and mac apparatus. The trading tools include currency pairs, including silver, gold, and cfds. The minimum order size is 0.01, also there are drifting spreads. Eas are permitted, and now there are scores of forex pairs, zero commissions, and also a minimum disperse on the EUR/USD couple of 0.9. Other characteristics involve EA trading, hedging, phone trading, 1-click trading, pending orders, trailing stops, and swaps.

The classic account runs metatrader 4 to android apparatus, windows, along with ios. Trading tools include things like gold and silver, gold, money pairs, and cfds. There are mended spreads and expert advisers (eas) are all permitted. Other characteristics include hedging, portable trading, 1-click trading, swaps, trailing stops, and impending orders.

Trading platform/ applications

The forex trading programs involve metatrader 4 and also metatrader 5. Metatrader 4 is now the very widely used platform for trading forex online. It’s essentially the most critically acclaimed forex currency trading platform, as a result of its userfriendly nature and higher functionality. Customers may quickly trade stocks, cfds, and forex at the click of a single button. Metatrader 4 allows traders to test financial tools, receive real-time upgrades, and increase trading opportunities utilizing different trading strategies.

Metatrader 4 could be utilized on PC, mac systems (mac pro and imac), iphone, linux, along with android devices. The metatrader 4 stage includes 9 time-frames, cfds, futures, forex, and store implementation style. With a great number of graphs and stats features, metatrader 4 includes builtin MQL4 terminology, a selection of trading signs, email functionality, and a multilingual interface.

Metatrader 5 is an internationally recognized forex currency trading platform. Together with metatrader 5 (MT5), traders all around the globe obtain to savor boosted functionality and usability to better trade a vast variety of stocks, cfds, and forex. This trading platform provides real-time information, analysis, and trading actions. Metatrader 5 permits a real income trading immediately on PC, mac os’s, iphone, and android apparatus. You can find 9 time-frames using metatrader 5, for example store implementation style, full solitude, infinite charting capacity, broadcasts, custom indexes, and expert advisers. Using MQL4 terminology, this multilingual interface offers all of the qualities required to profitably trade forex on the web.

Deposit options

Multiple secure and safe deposit methods are all open to traders including visa, mastercard, NETELLER, epayservice, bitcoin, QIWI wallet, bradesco, itau, webpay, webmoney, skrill, along with fasapay. Typically, the deposit money comprises USD, EUR, RUB, along with CNY. There are no commissions on such deposit procedures, and trades permit immediate processing of deposits. All residue options are all secure and safe, due to SSL technology and complete account protection.

Markets

A vast assortment of stores is now offered by fresh forex. The trading tools include forex pairs, and spot rare metallic cfds, CFD energy futures contract, cryptocurrency cfds, CFD on indices, and also cfds on corporate shares.

Forex – EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, AUD/CAD, AUD/JPY, CAD/JPY, CAD/CHF, and EUR/GBP amongst others.

Spot valuable metals cfds – XAU/AUD, XAU/EUR, XAU/USD, XAG/AUD, XAG/USD, XPD/USD, XPT/USD.

CFD energy – WTI crude petroleum, natural gasoline, brent crude oil

Cryptocurrencies cfds – XLC, ETH, BTC, XRP, BCH, along with LTC

Cfds on indices – dow jones 30, IBEX 35, SP 500, FTSE 100, DAX 30, CAC 40, NQ 100, along with also others.

Cfds on corporate shares – apple, facebook, intel, tesla, yahoo, AIG, coca-cola, jpmorgan, mcdonalds, nike, reuters, mitsubishi, honda, ford, barclays, alibaba, general motors, fedex, colgate, canon, bank of america.

Bonuses

Several bonuses and promotional supplies are all readily available for traders. Included in these are the tradable bonus 101 percent, deposit free of commission, and cashback offers. It’s a great idea for customers to get fresh forex support for all these promotional supplies.

Customer support

Clients might obtain connected with support via several stations. These feature online chat functionality that’s available 24/5. The current email – [emailprotected] – is also an equally efficacious means to get customer service agents. The customer support representatives are favorable, professional, and highly receptive for traders. The head is located at another address:

St. Vincent and the grenadines
kingstown, beachmont
P.O. Box 1510, suite 305
griffith corporate centre

Telephone assistance is obtained through multi-channel options with 24/5 service. Calling number to call will be 44-207-099-2124. The service representatives are proficient at handling technical, trading, enrollment, and even account-related matters. An internet contact form is available for traders, together with customers necessary to input company info, contact name, email, cell phone number, and also the information. Customer service representatives endeavor to answer questions as promptly as achievable.

Safety

Safety is actually a rank characteristic of the services supplied by fresh forex. This forex brokerage works hard to keep the confidence of its own patrons, plus it does this by providing fully accredited and regulated trading products and services. The business that owns fresh forex – riston capital limited – is both fully licensed and regulated to supply forex trading products and services. As this organization is governed by CRFIN at russia the similar standards don’t connect with european and UK brokerages.

Ease of use

It is relatively simple to obtain fully up and functioning using fresh forex. The trading platform suits customers in states all around the globe, with a range of trading requirements, account types, and also generous bonuses. The forex analytics and forex education segments are useful additions to this stage.

Final thoughts

Fresh forex provides a variety of forex account types for customers. Included in these are islamic accounts, demonstration reports, classic balances, expert accounts etc. Plus, in addition, there is a huge selection of financial tools to trade, for example FX, cfds, commodities, shares, and so on. We’re unable to verify background reports, or UK/EU law with the broker.

Is fresh forex regulated

Freshforex is among the top binary brokers in russia. The company was registered back in 2004 and is headquartered in st. Vincent. The company offers forex and CFD products. Following, we are going to review this broker and see whether the complaints against it are justified or not. So, stay with us!

Suspends account

A broker holds the right to suspend an account. But it must show cause. It can’t do anything without showing proper notice to the trader. However, some brokers suspend trader accounts without explaining.

Freshforex is among these traders. There are many complaints in the forex community against this broker that it suspended various user accounts without explaining. When an account is suspended, the broker usually keeps the balance. Yes, it doesn’t pay the original owner anything at all.

It keeps the current balance without justifying their action to the trader, the original owner. It is critical and confirms our suspicions that freshforex is a fraud.

No background

Freshforex doesn’t care to provide its users with any details about its parent company or work history. There is no information about the company, its inception, establishment, team, board, etc. Even though there is a dedicated about us section on the website, you won’t find anything useful.

The about us section is dedicated to the mission statement and various promises freshforex makes to traders. It’s a cliché because almost every forex scam doesn’t mention anything important on their about us. It keeps everything under wraps, so no one can trace the broker once the site is closed.

Slippage

Slippage is a trick used by brokers which prevents you from profiting. Slipping is changing the price once you take or close a position. Yes, when you proceed to buy and seal the deal, the price suddenly changes to something higher, and you forcefully enter a higher price than what you saw on charts.

It is a popular way of manipulating the market to milk profits out of the trader. Unfortunately, this is a widespread practice today, and brokers like freshforex openly use it to their benefit. There is no way to avoid these scams. The best thing you can do in such cases is changing your broker.

Price manipulation

Freshforex is guilty of price manipulation. This broker has manipulated its market ever since its inception.

There are proper benchmarks against which a broker sets its prices. This benchmark helps to regulate the real-time market prices. Every regulated broker must follow this benchmark. Unfortunately, most brokers in the forex marketplace are not regulated.

Even worse, most traders don’t search for a regulated broker before signing up. Unregulated brokers don’t follow these benchmarks and set their prices. These prices are skewed against the trader.

Conclusion

Freshforex has been in the marketplace for many years. It offers several attractive features, but we can’t recommend it to our readers because of its ultimately a fraud. Yes, these features won’t do you any good because you will lose your money anyway.

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How is the forex market regulated?

Forex is short for foreign exchange, this being the financial market where currencies are bought and sold. It works according to many of the same principles as the traditional stocks and shares market, although there are important differences. Forex traders aim to buy currencies when they are weak relative to other currencies and then sell them in markets where conditions are more favorable.

As you can imagine, the value of any given currency is reported to the nation that uses that currency. The forex market is affected by the value of currency, but it can also play a role in determining those values. For this reason, among many others, the forex market is heavily regulated just as the stock market is.

But how exactly is the forex market regulated? The answer to that question is relatively complex but easy enough to understand. Let’s take a look at some of the key regulatory bodies and regulations that are in effect for the forex market.

Who regulates the forex market?

The forex market is regulated by the financial conduct authority (FCA). They are a consumer watchdog agency and regulatory body. The FCA is funded by the various financial services companies and forex brokers who make use of the markets. They enjoy a good reputation around the world, consequently, they are able to regulate forex brokers operating in the UK. The FCA also works alongside the bank of england and the prudential regulatory authority in its work determining appropriate regulations.

Finding a regulated broker

Whether you are a citizen, or you are just passing through, whenever you invest in the UK you should do so through a regulated broker. Look for brokers carrying the FCA seal of approval, indicating that they can be trusted to handle your money in a proper and legal manner. Operating without a licence is, in most cases, illegal, and this is one of the most important reasons for regulating the forex market.

As well as ensuring that the broker is regulated, you should also have a look at some online reviews.

Reading online reviews will give you a good idea of how these brokers perform in the real world. They will also allow you to glean insights and tips from other brokers who have first-hand experience with using them. If you’re looking for some high-quality reviews that you can trust, you should check out https://investingoal.Com/ who are one of the best sites available if you want to learn how to become an expert in trading.

How does the FCA help reduce market risk?

As a watchdog, the purpose of the FDA is to protect investors and their interests. In acting in the interest of the consumers, the FCA ensures that there are limits on the amount that they can lose. Additionally, they deter, prevent, and punish the manipulation of, and malpractice within, the forex market. Whenever the FCA becomes aware of fraud or abuse, it will investigate on behalf of consumers.

There are a number of actions that the FCC can take against companies who flout the rules, and they are not afraid to do so in the face of complaints and evidence.

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Brokers

Regulated forex brokers

When viewing the forex broker or a trading platform, it is the paramount priority to choose from the hundreds the most reliable one and the best forex provider, as it will determine the whole trading experience. Indeed, doing research and compare the vast number of forex brokers with many aspects to consider, maybe not an easy choice, as well time-consuming. So here we are ready to assist your selection and answer the most common questions.

Can I trade forex without a broker?

This may be the first question you would ask, as indeed forex market, FX or currency market is the largest global non-centralized exchange where trading process performed electronically via networks. While main forex participants are international banks and financial institutions operating huge volumes through a need to exchange currencies, presented as currency pairs, and assist international business with the conversion which is known as the interbank market.

Therefore, in order to trade fx you should be authorized dealer to do so, as well as operate a quite sufficient amount so before forex brokers were introduced to retail traders and global community it was not possible for trade markets. For this reason, forex trading brokers are the companies or agent if you like that gives retail forex traders access through its platform to operate forex market and trade various markets including commodity futures, indices, bonds, etc.

Do I need license to trade forex?

So this is another pleasant and great opportunity which is given by forex brokers, as you may access trading without financial or dealer license. Moreover, there are hundreds of opportunities with a relatively small investment which allows you to trade forex, do technical analysis and analyze markets almost instantly.

Are forex brokers regulated?

And now we will check the most crucial question if forex broker can be regulated, since the market is decentralized, and is it safe to trade forex? Obviously, this is the biggest trump you may fall as a retail trader if you choose a non-reliable, mainly non-regulated or offshore firm without a proper license you may easily fall into a scam and lose money.

So due to increasing demand and mainly that traders got no easy access to trading or financial education, the world countries established particular organizations or authorities in order to oversee the market proposals and regulate forex broker firms. So yes, forex brokers are regulated while holding a license from a local authority alike world known FCA in the UK, ASIC in australia, commodity futures trading commission CFTC in the USA, MAS in singapore and more.

What does a regulated broker mean?

The whole concept of regulation is to oversee forex business in a particular country or region, protect clients and ensure safe conditions while trading forex. So in simple words, regulated broker means a safe and legit broker that is compliant to various rules and criteria set by the international authority with the purpose to provide secure trading and good customer service. So its trading environment and provided services like technical analysis, education and tools are also aligned to the best practices.

In addition to its constant check on the service providing, authorities protecting clients throughout compensation schemes and other security checks, however, these conditions may vary from the regulator to another.

How do I know if my forex broker is regulated?

In order to check if broker is regulated or not, you should verify this information through the official brokers’ website first, as regulated companies always provide its licenses. And the next step is to verify a license through the official regulatory website. However, in our forex broker review you will find all the necessary information and license check as well.

It is a fact, unscrupulous brokers may easily fake information and assure you of its license while its not true, so always verify information through the official source. As well, adhere to trade with brokers regulated in serious jurisdictions, not the offshore once, as they luck of strong regulation, requirements and necessary safety measures. Read more by the link why avoid brokers from st vincent & the grenadines.

How to choose best forex broker?

Security of funds is always first in forex trading, for that reason, we recall your attention to open an account with regulated brokers only. Making it simple, regulated broker means that you will trade forex with proper security of funds and investment itself, so first of all good broker is a sharply regulated broker.

Further on, you should also check the necessary conditions and select offer suitable for you and trading strategy you deploy.

For this reason, we assist your selection and provide an assortment of efficient regulated brokers with updated on a weekly basis in-depth forex broker list. A professional detailed analysis with trading fees account overview, platform breakdowns while sorted by regulation, country or trading conditions, along with traders comments so smarter decision is easier now.

Freshforex review

Freshforex

Reason to avoid: no license

Listed date: september 17, 2018

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Freshforex review present by 55brokers and other brokers reviews, before signing an account you should always check on broker reliability and compare its trading offering.

Company name: riston capital limited. Freshforex

Registration address/ license:st. Vincent and the grenadines. No license.

Registration requirement: 2,000$

About freshforex

��️ registered in	st. Vincent and the grenadines
��️ type of license	offshore license
��️ is freshforex safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	FP markets - licensed by ASIC in australia

Is freshforex a scam or legit broker?

No, freshforex is not legit to trade with it.

The online forex broker freshforex as stated on the official website has been working in the foreign exchange market since 2004, while claims performance with one of the best trading conditions on the market due to which they are among top forex broker companies as well according to the research of the famous news agency interfax.

Among that the broker gained some more world recognition from the publications and industry expos, however, the freshforex which is a trading name of the riston capital limited company incorporated in an offshore hub st.

Vincent and the grenadines. There is no matter of the company location, but there is a sufficient risk if the company delivers services without any regulation or licenses from the world known watchdogs in the forex industry.

That means that the company may put their client into unnecessary risks while trading which will involve higher leverage level, alike 1:2000 as offered by the freshforex, non-regulated money management of the clients, as well as lack of operational standardization.

Since this is not the case of the freshforex the company do not comply with the adequacy requirements and follow of rules, thus clients do not rest assured about the safety of the financial services they receive.

Meanwhile, the broker mainly concentrated on the offering among russian and asian residents, while also there are a significant amount of negative reviews about the company crossing around the internet.

Overall, we generally advise not to trade with the offshore brokers since it is incurred to be a risky business, and increases the potential of general trading experience.

It is much more sufficient to choose among well established and regulated, reputable companies that are heavily overseen by the respected authorities. The list of FCA, ASIC such as broker FP markets from australia.

Regulation in forex markets-why and how?

The foreign exchange (FX) market is the largest, most liquid market in the world – with around US $5.3 billion traded daily. Day trading is quite common among currency traders but most investors depend on setting up trading accounts and executing their trades via forex brokers.

There are hundreds of forex brokers and new ones are constantly opening their doors to the public. This makes it difficult for traders to choose the best brokerage and leaves them at the mercy of the broker when it comes to honesty and transparency. Despite its huge size, regulation in the forex market is scarce and there is no single global body to police it 24/7.

There are no accurate statistics, but the number of forex and binary options brokers that work under a regulatory authority is minimal (5 percent is usually cited) and that leaves many firms able to take advantage of their clients and to engage in abusive behavior without any consequences.

Non-regulation risk

For retail FX traders, the biggest downside to the lack of forex regulation for most brokers is that of illegal activity or outright fraud as well as runaway losses in a market increasingly dominated by speculative activity and large institutions.

Following a spate of currency-related swindles during the period between 2001 and 2008, the CFTC created a special task force to deal with the problem and stiff forex regulations were introduced several years later to protect retail FX traders.

Under the commodity exchange act (CEA), the CFTC assumed jurisdiction over leveraged forex transactions offered to retail clients in the united states. The act permits only regulated entities to act as counterparties for forex transactions with retail customers in the states and it requires that all online forex dealers be registered and meet the strict financial standards enforced by the national futures association (NFA).

On the institutional level, banks, which are responsible for 95 percent of daily FX trading, are heavily regulated. The U.S. Federal reserve and the U.S. Treasury department are highly attentive to regulation in the forex industry and monitor brokers carefully for evidence of manipulation.

Forex regulation-why?

Why is regulation in forex so important? The objective of regulation is to ensure fair and ethical business behavior. Under current regulatory contracts, all foreign exchange brokers, investment banks and signal sellers are required to operate in strict compliance with the rules and standards laid down by the forex regulators or their activities can be deemed unlawful. These bodies must be registered and licensed in the country where their operations are based, which ensures quality control standards are met. They are brokerage houses are subject to periodic audits, reviews and evaluations which force them to maintain the industry standards. In addition, regulated forex brokers must keep a sufficient amount of funds to be able to execute and complete foreign exchange contracts concluded by their clients and also to return clients’ funds intact in case of bankruptcy.

Should a regulatory agency find a broker infringing on its guidelines, it can use a wide range of enforcement powers – criminal, civil and regulatory – to protect consumers and to take action against firms or individuals that do not meet acceptable standards.

It can publish notices that are important to ensure the transparency of decision made by the authority and inform the public thereby maximizing the deterrent effect of enforcement action.

Some regulators issue alerts about financial services firms and individuals, based both overseas and in their local areas.

Of course, there can be no assurances that any action taken by a regulatory agency such as the FCA in the UK will result in a payment or return of funds or securities even where formal disciplinary actions are taken and sanctions imposed.

Many of the actions taken by regulatory agencies against the brokers covered under their authorities can also be applied to non-regulated brokers that find themselves in similar situations by police and other enforcement agencies but their mandate is limited and is less likely to be imposed leaving investors with reduced recourse in the event fraudulent behavior.

Forex regulators operate within their own jurisdictions but often work together in pursuit of duplicitous activities. In fact, in the european union a license from one member state covers the whole continent.

Over the years regulators around the globe have tried to organize some sort of universal regulatory umbrella. Mifid (markets in financial instruments directive) was introduced in the UK in 2007 and has been the cornerstone of europe’s financial regulatory regime since then.

The mifid regulation is now being revised to improve the functioning of financial markets in light of the financial crisis and to strengthen investor protection. The changes are currently set to take effect from january 3rd, 2017, although discussions are taking place between the european commission, european parliament and the council of the european union about the possibility of implementation being delayed. The new legislation is known as mifid II and includes a revised mifid and a new markets in financial instruments regulation (mifir).

There are, however, powerful voices working to lobby against the wholesale forex market coming under a wide regulatory cover. The association for financial markets in europe (‘AFME’), an industry body, has come out against the MIFID II strict regulations and has published a paper recently stressing that “unintended consequences” could result in over-regulation of the forex industry which would prevent brokers from serving their traders comfortably.

Local approaches

At the moment, there is no uniform approach globally when it comes to this market. The regulatory industry continues to act on a local level with each broker applying for regulation in a chosen location and some organizations are more active than others. In japan, one of the world's most active retail forex market, the financial services authority (FSA) regulates all markets including retail foreign exchange. The FSA is proactive in regulating retail forex trading and has reduced the maximum leverage that can be made available to retail forex traders several times in the last few years. In the united kingdom where the FCA (formerly the FSA) is the main regulatory agency and in most of continental europe, there are few limits on the amount of leverage offered.

Cysec, the financial regulatory agency of cyprus, is part of the european mifid regulations but it has attracted a number of overseas firms who wish to take advantage of what is seen as light regulations and an easy way to get a license without having to meet the stringent requirements that are imposed by other european financial regulators.

Presently, relative non-regulation of the institutional forex market continues to pose ongoing risks to the retail investor which includes higher currency volatility and discrepancies in available public information.

Despite the difficulty and expense for brokers to function under an authorized regulatory body, there are many worthy brokers that choose to do so and these should be considered above all others. Traders have a wide selection of regulated brokers in their own jurisdiction or in other regions as well and they will find all the same features—and more—with regulated brokers as with non-regulated ones.

Freshforex review

Review

Freshforex, founded in 2004, is one of the leaders on the forex market in russia. Its head office is in st. Vincent and the grenadines. The company provides access to forex and CFD markets. It is licensed as riston capital limited and regulated under the financial regulators CRFIN and KROUFR.

Accounts

Freshforex offers three trading accounts. The classic account is the best account for those starting out in forex trading. It offers more than 130 tools, leverage up to 1:1000 and the minimum order is 0.01 lots. The classic account uses fixed spreads for currency instruments.

The market pro account is a type of account suits active traders and scalpers perfectly. It uses floating spreads from 0.9, precise quoting of 5/3 digits and execution from 0,1 sec. Stop loss and take profit orders can be set only after opening position. On both classic and market pro accounts orders are executed under the market execution mode

Traders opening the ECN account receive professional trading on the advanced level as well as an inside trading spread, high liquidity and prompt switches to interbank when needed.

How does a freshforex ECN account work

A swap free account can be set up for any of the accounts. It is the best account setup for both traders working on long-term strategies and muslim traders practicing shariah law. This account is available on classic, market pro and ECN accounts with a fixed commission from $5 per lot.

There is no minimum deposits stipulated for any of these accounts but the broker does recommend certain amounts and these are listed on the site.

A demo account is available at freshforex for newbie traders just starting out in forex trading and can be set up with any of the three accounts.

Features

The freshforex website is user-friendly and easy to navigate. The pictures are colorful and attractive. However, when doing this review, I clicked on several tabs and was surprised to see the pages in russian.

An interesting feature is that the freshforex company indemnifies up to 100% of deposit commission to its clients on payments made through the most popular payment systems. For example, if a trader pays $1000 and a commission of $25 is taken off, freshforex will refund the $25 so the trader still has a payment of $1000 to use for trading.

Smart bridge technology is another feature offered by freshforex. The smart bridge technology (SBT) system is a flexible and reliable mechanism used to hedge forex trading risks, which allows the broker to work directly with several liquidity providers. The system monitors several channels of forex quotes in a real-time mode, selects the best offer in the split seconds and ensures instant execution of an order at the best available market price.

How smart bridge technology works

Bonuses/promotions

There were several bonuses and promotions offered at the time of this review.

Anyone with a classic account can link the account to the "fresh rebate 50%" promotion to get the highest forex rebate on spreads: $5 per lot on profitable trades either $10 per lot on loss-making trades.

Before june 1, 2016 traders can take part in the "36% per annum" promotion and receive the most profitable interest rate on free funds. All they need to do is trade as usual, earn with various instruments and freshforex will work to increase the deposit month by month up to 36%. Classic and market pro accounts that are not linked to the “fresh rebate 50%” promotion are eligible for the promotion. There is no limit on the number of participating accounts.

Traders can also join the "double deposit" promotion and receive a bonus of 101% for every deposit amount from $100.Trading with maximum leverage 1:1000 can end up with a profit of an extra 33% for every future deposit.

The most exciting promotion at the time of this writing was an opportunity to win a BMW X6M. Only $100 is needed to participate and there are 10 prizes given at the end of each stage of the contest. In total there are 75 prizes awarded and the top 5 winners at each stage win the prizes.

This contest expires during the first week in may.

Education

Freshforex offers a host of educational material including webinars and a series of guides and lessonsthere are several interactive instructional sessions and a list of books is provided that can help traders create their own trading system and learn more about methods of market analysis.

Daily forex forecasts by top experts are posted and the fresh forex forecast service analyzes the latest data on price action on the daily basis which are followed by more than 10,000 traders. Daily fundamental review represents up-to-date information on major currency pairs and regular reports based on trend potential review allow you to plan your trading for the coming week.

Freshforex weekly and daily fundamental analysis

Deposits/withdrawals

There are more than 20 methods of deposit and withdrawal and no fees for deposit are charged by the broker. Funding is credited to the account instantly and withdrawal applications are completed within 10 minutes.

Separate charts are provided for all the methods of deposits as well as the ways to withdraw funds.

Customer support

The main headquarters for freshforex is in st. Vincent and the grenadines and traders wishing to contact a representative can call the numbers listed on the site. Email communication is also available as well as chat during trading hours. An online request for information form is also provided.

Conclusion

Freshforex has been in the industry for over ten years and has been providing its members with a host of interesting features including a choice of different platforms and several trading accounts. When doing this review, I felt that certain information was missing or not clear.

Features

Among the many unique features at freshforex, the "smart bridge technology" (SBT) system is one of the best. This program is a flexible mechanism used to hedge forex trading risks by allows freshforex to work directly with several liquidity providers. Traders benefit from forex quotes in a real-time mode, a selection of the best offers and the assurance that their trades will be executed within seconds at the best available market price. The MT4 trading platform is one of the best in the industry and is available to all traders.

Freshforex reviews and comments 2021

Why do we have to deposit to withdraw our profits?

These people are crazy, they said my account willl be verified in 3 hours, then i took 3 weeks, and still not verified, been chatting with their online support with guy called kirill if am right, always telling me same ***, saying wait, then i wait, then they say they are checking, then later tells me that they checked and my account will be verified today, i said okay, then two days later my account is not verified, these guys are not professional and have no idea how crasy people might get by telling lies, checked them few days late, said wait, i said okay am waiting, then said your documents are under review, i said what the *** is that, everyday you are telling me same *** and nothing works, the they said they transfered my case to their manager and my account will be verified in 24 hours, i said then thats okay, the thing is next days my account is not verified and they dont tell me why they just chill, if something is wrong reach back to a customer tell them maybe to resend documents or whatever but they dont tell you what they do is telling you to wait, why do i have to wait for that long, you better tell me that it takes one month for your account to be verified and not telling stories that it takes 3 hours, an i took a bonus of 2019, made 5,000$ from it and they dont verify my account untill the seven days period of bonus account are fineshed and then they take the money saying you dint verify your account, well am going to blow all that money on purpose and i request my account to be shut down, can't work with scammers.

Jum 14 november, 2019 reply

I've raised the deposit from $300 to $1200 with the help of a forex adviser. Then, without explaining the reasons, they raised the spread and drained the deposit to zero. In the correspondence they answered that according to the agreement they have the right to do so. Do not try to get there.

Anatoly 4 october, 2019 reply

Problems with the withdrawal of funds. First, they write that the request for withdrawal is being processed manually, then they repeatedly ask for photo of credit cards and a screen for bank account statements. In general, I wrote in tech support of a bunch of letters with specific questions, why the withdrawal is always made in manual mode, up to 5 working days? And what needs to be done to avoid this? The support replies that this is for the safety of my funds. At the same time, it is not clear what kind of security is involved if, when creating a withdrawal request, a verified credit card is provided and another text message arrives on the telephone with a code, plus a letter in the mail. The question of how to avoid manual withdrawal is always ignored. Terrible mess. There is a clear reluctance to pay. Everything is aimed only at getting max amount of deposits from beginners. By the way, if you try to replenish the account and do not complete the operation, the manager will immediately contact you and ask what difficulties with the replenishment have arisen. But when you want to withdraw your funds, you will get 0 attention whatsoever. I do not recommend. Look for an alternative.

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Is fresh forex a scam or a legit forex broker?

Fresh forex review

Freshforex is almost perfect as an online broker but..

When signing up with an online broker, you don’t want to compromise on anything that’s related to safety. Yes, you can do some compromise on the trading conditions, the leverages provided or the welcome bonuses. However, if you notice that there is something wrong with the safety and security of your money and information with the broker, you should look for other options. Freshforex has one of the most impressive websites on the internet for an online broker. It has the most amazing features when you look at the different account types being offered.

Things are almost perfect when you compare this broker with others. However, when something is “almost” perfect, there is something for you to worry about. In this particular case, the only thing missing happens to be the most important thing for anyone looking to sign up with a broker online. Let’s take a look at what are some of the reasons that should prevent you from signing up with fresh forex if other better options are available to you.

Too good to be true

The first thing that sends the signal that this broker might not be the right option is that a lot of things sound too good to be true. Of course, you can’t really give it as a proof of someone being not a good broker. However, when you browse on various online brokers’ websites, you start to notice a trend. For example, you will usually see that the leverage being offered to you is around 1:200 and 1:100. There are only some brokers who can offer you something close to 1:500 leverage on your trades. Even this type of leverage starts to sound unbelievable.

You have to think a lot when the broker is offering you this much leverage. The broker is either to unaware of the trading world to realize the risk of giving such a huge leverage or it has a plan to strip you of your money right on the first trade. Of course, when you are getting a huge leverage of 1:500 on your trade, you are taking a huge risk. If you succeed, this might end up being the best day in your life. However, if you fail with such a big leverage, you might have to say goodbye to your trading career right on day one. With fresh forex, things can go through the stratosphere pretty quickly.

Let’s take the example of the leverage you are getting with this broker first. Right on the main page of the website, the broker tells you that you can get a leverage of 1:2000 on your trades. Yes, you are wrong if you think it is a typographical error and that the real leverage is 1:200. It is clearly stated on the website that you can get a leverage of 1:2000. This means the broker is willing to give you 2000 dollars for every single dollar that you invest in a trade. Can that be really true? What is the catch if the broker is offering you such a big leverage? The more important thing is that there is no other broker who can offer you this leverage.

Let’s take a look at other things that seem to far-reaching when you compare them with what the industry has to offer generally. So, when you join the trading platform from this broker, you get a bonus for that. Once again, the broker is promising you something that will sound too good to be true. The broker says that if you make a deposit of $500 in your account, it will give you a bonus of 200%. Yes, rather than having $500 in your account, you will be having $1500 in your account. Now, if you apply the leverage that is being provided by the broker, things can go out of hands.

Yes, many other brokers have welcome bonuses as well for their trades, but none of them has something even close to what this broker has to offer. The broker is willing to offer you a bonus every time you make a deposit in your account. Every deposit of $100 or more in your account will earn you a 30% bonus from the broker. So, if you deposit $100 in your account, you will have $130 in the account eventually. These are the kind of bonuses that sound quite unbelievable. Why do they sound unbelievable? That’s because the overall trend in the industry is nothing close to it. You don’t find any other brokers who can give you something as big as this.

The 0 pip spread promise

Freshforex is following the trends of the industry when it comes to luring the traders into things that are not that attractive per se. Let’s take the example of the spreads that you have to deal with once you are with this broker. So, what you want from your broker is to give you access to the trading platform and let you earn most of the profits from your trades. This is done in many ways. One way for the broker is to keep the spreads extremely tight. The other way is for the broker to not charge you any commissions on your trades.

When you look at the trading conditions from the broker, you realize that the spreads are starting from 0pip. What this means is that you will have to pay commissions on your trades because there is no other way for the broker to make money if it is not charging you any money. That’s where the promise of 0 pip falls apart. The 0 pip spreads are offered to traders who go with the most advanced accounts. In those account types, you don’t have to deal with spreads. Since there are no spreads, you have to pay the broker in the form of commissions. However, if you sign up with other accounts, the minimum spread will be 2 pips. When you look at his number you realize that this is not the tightest spread being offered to you.

There are many other brokers on the market that offer you tighter spreads. The 1:2000 leverage is also available only for those who sign up with the most basic account. If you go with the advanced accounts, you will be given a leverage of 1:500.

The regulation issue

You will be pleased instantly to find out that there is a separate section on the website that talks about the registration and regulation of the company. When you click on this tab, you expect the next page to contain information about the regulation of the company and its registration. Unfortunately, you only find information about the registration of the company. The registration documents have been uploaded on this page. You can click on the documents and see the zoomed in version. However, that’s the only thing you will find on this page. The broker does not talk about regulation at all.

When you are a trader and you want to sign up with a safe broker, you want the regulation information not the registration information. In this particular, you are not getting any information about the regulation of the company. From this, you can only conclude that the broker is not regulated. Even though the broker has been around for 14 years, it is not regulated properly. Or perhaps the information is not available on the website. When the regulation information is not available on the website, it can be quite dubious as well. Sometimes, the brokers are trying to hide this information to keep away from the scrutiny of the regulating authorities. As soon as a broker claims that it is regulated by some regulating body, that regulating body checks for the authenticity of that information.

The incomplete education

When you look at the website of fresh forex, you instantly realize that it is not just a forex broker. In addition to being that, it is also the platform where you can trade cfds. These cfds come from various financial markets of the world. Of course, there is a reason the broker is giving you access to two of the best trading platforms of the online trading industry i.E. MT4 and MT5. Metatrader 4 is supposed to be the best trading platform for forex traders. On the other hand, if you want to trade cfds, the best trading platform for you would be MT5. However, when you look at the education section of the website, it specifically talks about forex.

It is not pleasing to see that the broker who lets you trade so many cfds would not provide you with any education and training on cfds. In short, the educational material from this broker is incomplete.

So, let's see, what we have: fresh forex review – is fresh forex scam or legit broker? Fresh forex rating no data about segregated accounts not all relevant info available on site online chat options at is fresh forex regulated