FreshForex is a Russian Forex broker that was established in 2004 and has more than ten years of experience in the trading industry. The company officially received its license to operate in the Forex market right after the launching of its official website. FreshForex was owned by the Russian company Riston Capital LTD. This broker is regulated by the Centre for Regulation of OTC Financial Instruments and Technologies (CRFIN) in Russia. FreshForex Broker is available to different countries except Estonia, Iraq, North Korea, Latvia, the United Kingdom, and the United States. A good thing about this broker is that it offers rare Islamic accounts despite stringent requirements. FreshForex has to go the extra mile to ensure everything goes smoothly with all of its trades.
FreshForex has very high scores on most online reviews because of the quality and safe services it provides to traders. Its website design looks smooth and flat which is very friendly to new traders. All the menus and buttons are in the right places which make it easy to navigate. This broker has distinctive features including financial news, currency pairs’ market moves, and educational materials.
FreshForex also offers CleverFX, a Forex encyclopedia, where clients can read well-written articles by experienced traders about currency trading facts. Its traders can also make use of Huckster, a shop for Forex trading systems, where they can choose the best-performing trading advisors, indicators, and scripts.
FreshForex’s Trading Platforms
FreshForex has only one trading platform which is the MetaTrader 4 (MT4). This is not necessarily a bad thing since it is the most widely used platform in the world. A FreshForex trader can make use of nine timeframes, an unlimited number of charts, customized scripts, expert advisors, a wide variety of indicators and graphic instruments, real-time data export, and many more options.
MetaTrader4 allows automated trading, scalping, hedging, trailing stops, one-click execution and margin interest. Traders have access to mobile alerts and market analysis via MT4. Another great thing about this platform is that it is available for desktop and mobile devices. MT4’s documentation and countless user forums will help clients achieve a successful trade.
Trading Conditions at Think Markets
Trading with FreshForex is effortless with its good trading conditions. The broker offers a wide variety of trading instruments including currency pairs, contract for difference (CFDs), commodities, metals, stocks, oil, gold, indices, and other futures. The best thing about FreshForex accounts is its minimum initial deposit of $25. It is minimal compared to other Forex brokers online. This amount of money is acceptable for every aspiring trader who doesn’t want to commit to a broker immediately.
FreshForex offers a demo account where traders can test the broker’s trading system. The maximum leverage of FreshForex goes up to 1:1000. There are no commissions and the spreads are variable. Segregated accounts and institutional accounts are not allowed by this broker. As mentioned earlier, Arabic countries can open Islamic accounts. Clients from the US and the UK are not permitted to trade with FreshForex broker since its regulations are different from European brokers.
Funding your FreshForex account
All the popular deposit and withdrawal methods are supported by this broker. In funding a trader’s account, clients can make use of their credit cards such as Visa, Mastercard, and China UnionPay. Digital wallets like Neteller, Skrill, and Webmoney are also available in FreshForex. Simple methods in depositing funds such as cashpoint and bank wire transfer are very accessible. Mostly all of the methods except bank wire transfer can be reflected in a trader’s account instantly.
Withdrawing money is almost the same way with deposits. E-Wallets used for withdrawals can be confirmed within ten minutes on working days, while other methods may take 24 hours to 2-6 business days. FreshForex’s time frames are very small compared to some other forex brokers out there.
FreshForex is a typical Forex broker that has been on the market for more than ten years. With more than a decade of experience, this platform has been considered to be equally suitable for both beginners in the field and more advanced traders who need more options and features to choose from and enjoy. It also has a customer-friendly website with numerous trading features available. FreshForex is a reliable and trustworthy Forex broker.