FreshForex Review 2018

FreshForex Review 2018

FreshForex Review 2018

FreshForex is a broker which has been around for almost 14 years. When a company manages to stay afloat in this industry for that long, you can be sure their offer has some very interesting features. Well, to say that in this case would be a huge understatement. The amount of options you get on this website is simply staggering, and from the moment we first opened an account here we knew that this is going to be a pretty long article. Simply, as soon as you get here you see that these people have been working constantly to make your trading experience as immersive as possible. Therefore, compiling this FreshForex review in front of you was quite an undertaking. However, we believe that it really is worth reading. Set a few minutes aside and get to know an incredibly dedicated and versatile forex brokerage company.

Making your FreshForex deposit

Where do we even start? Well, perhaps the best way is to deal with something every trader wants to know about – payments and payment methods. To that end, our first topic will be the FreshForex deposit and everything associated with it.
And right away, we come to the first big advantage of trading here – there is no minimum FreshForex deposit requirement! Yes, you will see the broker recommending certain amounts, but you are not obligated to listen to those recommendations in any way. Because of that, you will have full freedom when calculating your next financial move, especially because there are no deposit fees you have to worry about. At least not on the broker’s side. The service provider may still charge you something. On top of that, your deposit will become visible instantly no matter which method you decide to use. The only exception to that is Bitcoin (yes, they accept it!) which requires at least three confirmations.
Since we’re on the subject, we have to say that the number of FreshForex deposit methods is extremely impressive. About 20 different methods can be used, from more standard things like Visa, MasterCard, Skrill and Neteller, to electronic payment systems like Bradesco, Itau, Qiwi and more. Once again, don’t forget about Bitcoin! Apart from the cryptocurrency, USD, RUB, EUR, CNY and even UAH and KZT are accepted, although this does depend on which deposit method you choose. Quite a promising start, wouldn’t you agree? Let’s see what else we can dig up.

FreshForex Deposit Methods

FreshForex Deposit Methods

Is FreshForex withdrawal safe?

We will continue our FreshForex review with the process opposite to the one we discussed in the previous part of the text, namely the withdrawal. This is always a delicate issue, and no mistakes can be tolerated because this is your money that’s on the line. Everything has to be perfect. And as we have seen in our FreshForex Scam Test, you can rely on this company in every sense.
Before you start, some things have to be clear to you. For example, FreshForex withdrawal methods are not the same as the methods you can use to deposit. Most of them are available, yes, but not all. Credit cards, Skrill, Neteller, WebMoney, FasaPay, Qiwi, China UnionPay and Bitcoin are your choices, which really should be more than enough for a smooth transfer. Electronic payment systems are actually the fastest way to complete your FreshForex withdrawal, as they only take 10 minutes. Other methods will take between one and five days to complete the process.
What deserves special attention in this part of our analysis are FreshForex withdrawal fees. They are different for every available method and range from 0.5% with FasaPay to 3% with Qiwi. Keep in mind that each payment method also comes with a different maximum withdrawal limit, so you will only be able to withdraw 1000 USD via Skrill and 3000 USD via Neteller per transaction, but 5000 USD via credit cards every month. So, think carefully before you choose the withdrawal method, because it may impact your experience quite a bit.
However, doing business here also brings certain perks with it. As a matter of fact, many traders agree that these perks are the company’s strongest suit. Now that we’ve covered FreshForex deposit and withdrawal, we can dive in deeper into the financial benefits of trading here. Don’t go away.

FreshForex Withdrawal Methods

FreshForex Withdrawal Methods

How big is FreshForex bonus?

Yes, we couldn’t really skip the bonus part in this FreshForex review. There really is a lot to choose from and potentially a lot to gain, but you do have to be aware that these bonuses come with certain conditions.
First, however, we will talk about the deals themselves. We already said that there are no deposit commissions, which is certainly a financial benefit, but the FreshForex bonus program extends far beyond that. For instance, you can sign up for a cashback which will be paid out to you on weekly basis. Actually, you can choose one of three programs here, and they will bring you 20$, 10$ and 5$ a week respectively, if you meet the conditions (trading volume and stuff like that), of course. No matter what you choose, though, this cashback idea seems like a very interesting proposition. But the next FreshForex bonus is even more interesting – the Golden Words promotion will reward you for being active on the broker’s forum (more on that later). Simply post, discuss and do everything you’d do on any other forum and you’ll receive prizes for your effort. As a matter of fact, those prizes can then be transferred to your account if you want to use them to trade in the live market. Another unconventional way of rewarding traders here is handing out MQL coupons which can then be used to purchase various services on MetaTrader platforms to enhance your trading experience.
Finally, we will mention probable the most conventional FreshForex bonus, and that is the deposit bonus. This deal can actually double your trading funds because if you deposit at least 500$, you will receive 101% of the funds invested as a gift. But you don’t have to invest that much to get something if you don’t want to – 100$ will get you a 30% bonus. Do keep in mind that this bonus is meant to be used as trading funds only.
Before we wrap up this quite large part of our analysis, we must warn you that every FreshForex bonus lasts for a certain period of time. Therefore, when you’re reading this, one of the offers we mention here may not be available anymore. However, the broker regularly substitutes expired deals with new propositions, so you don’t have to worry about missing out on anything. There is also an archive previous bonus offers where you can see what was offered in the past. With that, we believe we have pretty much covered the financial side of trading here, but there is much more to explore, so just keep reading.

FreshForex Bonuses

FreshForex Bonuses

MetaTrader 4 & 5

We can now switch our FreshForex review towards the trading environment here. Everything you do on the market via this website will be done using the MetaTrader software which really needs no major explanations. For those who are new to this, however, we will say that this is the most popular trading software in the world by far and give a short list of the features you can expect.
Don’t let the fact that there are two FreshForex trading platforms available confuse you – one comes with MetaTrader 4 and the other with MetaTrader 5. The fourth iteration of the software still remains the most popular one, but its younger brother also has some very interesting features. Apart from PCs, both versions can also be used on Mac computers, while the MetaTrader 4 version is also available to those of you running Linux.
As for the features of these two FreshForex trading platforms, we will mention that they have a huge number of charts, which can operate in up to nine timeframes. Furthermore, you get your own e-mail with them, the ability to choose the language that suits you best and the choice between dozens and dozens of various technical indicators. Not only that, but there is also a system of trading signals involved, too. But while all of this is very well known in the trading industry, trading here also brings some unique experiences. We’ll cover them next in our FreshForex review.

FreshForex MetaTrader 5 Features

FreshForex MetaTrader 5 Features

FreshForex heatmaps

Yes, heatmaps. Very useful tools which help you decide where to invest next. As far as we know, this is a feature unique to this broker, so it deserves a closer inspection and a part of its own in our analysis.
There are three types FreshForex heatmaps you can consult at the moment – forex, CFDs and stock exchange. What do they do exactly? Well, they let you know big your returns can be, depending on the time period you choose to invest in. For example, you can see the amount of profit you’d get from an instrument in the last week, current week, last month and the current month. When it comes to months, though, you can even check the archives and see how an asset behaved in the last year or so. Therefore, FreshForex heatmaps give you a lot of valuable data based on which you can estimate your potential earnings and see which instrument is worthy of your attention. Just make sure you check the scale on which these heatmaps operate because they may be set to a margin of like 1000$, which may not correspond to what you have when you’re opening trades. There are detailed instructions on the website on how to use these things, though, so you should be just fine even if you’re a complete beginner. In any case, this feature can still tell you how an instrument is behaving, so we sincerely recommend you take a close look at it. But before you do, read this article because there are so many other interesting features you can enjoy here.

FreshForex Heatmap

FreshForex Heatmap

FreshForex app

Moving on, we have to take a look at the FreshForex app. Of course, they have one ready for you, just like any other serious forex and CFD broker. But what does the product itself offer?
Well, once again, everything is based on MetaTrader. Naturally, the app is completely free and comes in its iOS and Android form, but that’s just the beginning. FreshForex app can be downloaded from the broker’s website directly (even a QR code is present there), but you can also head on to Google Play or the App Store if that’s more convenient for you. In both cases, you will get excellent design and very friendly user interface which will allow you to trade easily and efficiently, no matter which device you have (as long as your Android version is at least 4.0 and your iOS at least 8.0)
On top of that, all types of orders are supported, and you can view your history whenever you want. Furthermore, you can also choose between several chart types, use a variety of technical indicators and timeframes, select between numerous languages and so much more. In short, with FreshForex app you get an excellent replacement for the standard forex platform. However, this whole experience is also the result of this broker offering one very special type of technology. Read on and see what we mean.

FreshForex Mobile Apps

FreshForex Mobile Apps

Smart Bridge Technology

In order to make sure your every trade is smooth and, more importantly, quick, FreshForex has developed a unique technology to automatically provide you with the best possible trading conditions. We’re talking, of course, about their Smart Bridge Technology.
Smart Bridge Technology allows the broker to keep track of a number of different liquidity providers, all of which are Level I and Level II banks and ECN networks, meaning that the company always has an array of options to choose from when it comes to the quotes. This means you will always have the best possible offer you can find on the market in front of you, and the system works quietly behind the scenes and makes these choices in a blink of an eye, so you’ll never even notice it’s there. There are no dealers or any third parties you need to worry about, plus this also serves to hedge your trading risk. In other words, the cost of each trade you make on this platform will be lower, often without any commission. The speed of your trading stays the same and you are always connected to the market, all while you’re using the familiar MetaTrader interface. While there is nothing you as a trader can actually do with Smart Bridge Technology because everything is fully automated, we think the fact that it’s present deserves a place in our FreshForex review. By knowing about it, you are more aware of the benefits of trading here, and you can appreciate the effort this company has put into creating an offer for you. They haven’t survived for almost a decade and a half in this industry by accident, as you can clearly see. But our story doesn’t end here. More great features are coming your way.

FreshForex Smart Bridge

FreshForex Smart Bridge

FreshForex demo account

If you want to test all of these features first before making your first real investment, you are certainly a very wise person. This is particularly recommended for newer traders, although even more experienced among you might want to do that, just to get a feel of what to expect. How can you do that? Easy, just open your FreshForex demo account.
The process is very simple and doesn’t even require you to make a deposit. As a matter of fact, the only things you need to open your FreshForex demo account is your phone number and e-mail. That’s it! Then, in the second part of this very short process, you choose which of the two trading platforms you want mimicked, which account package you want, how big your leverage should be and even the currency and the size of your virtual initial deposit. So, your demo account can actually be customized quite a bit, which is something you don’t see that often in the industry.
Once you set everything up, you will be taken to your virtual trading platform (like we said, both MT4 and MT5 can be used, plus you can also access your FreshForex demo account from your mobile app). There you will be able to test each chart and see how every trading indicator works. Because of that, you will be able to test all your strategies and even put everything you learn here (and you can learn quite a bit) into practice. Once you’re ready, simply switch to one of the company’s real trading accounts. Yes, there is quite a selection of those, and we will tackle that next. Check them out just below.

FreshForex Demo Account

FreshForex Demo Account

Which FreshForex account type to choose?

The kind of FreshForex account you choose will affect your experience here quite a bit. There is something for every type of trader here, so everyone should put aside a few minutes to study what they can expect. Don’t let poor preparation get in the way of you enjoying your trades on this website. All you have to do is read this part of our text and you’ll be ready to make your choice.
There are three main FreshForex account types to choose from: Classic, Market Pro and ECN. Each of them has its pluses and minuses, but the last type is generally considered to be best suited for professionals, where as the first one is for casual traders. Of course, you can mix and match by choosing the Market Pro package and see what you get there. Like we said, there is no minimum deposit you need to worry, but just to give you example of what we meant by that sentence about pluses and minuses, we will say that the Classic FreshForex account can get you leverage of up to 1:2000, something other accounts cannot match. On the other hand, the ECN account has some of its spreads set to 0, which is a big advantage compared to its counterparts. Minimum order size for all of them is 0.01, all accounts use market execution, investing by phone is also available and all of them have extremely short execution time. But to keep things short, ECN is mainly for pros, Classic is for more casual traders, and Market Pro is somewhere in between the two. However, there is another FreshForex account type you can open – the FreshCent account. This account package allows you to trade with extremely small amounts and thus keep the risk as low as humanly possible. There are no commissions for deposits you need to worry about and requotes also do not happen. There is no phone dealing in this case, but you get access to all trading instruments (more than 130 of them). So, if you feel the demo account has nothing left to teach you, but you still don’t want to invest a lot, this is the perfect solution. And yet, there is more. The last account type we have to talk about, though, deserves a part of its own in this FreshForex review.

FreshForex ECN Account

FreshForex ECN Account

Islamic (swap-free) Account

Don’t worry, the company has thought of Muslim traders, too. With so many years of experience, it would be very strange indeed if there was no FreshForex Islamic account. Actually, it’s called a swap-free account in this case, but the purpose is the same.
The main feature of this type of account, however, is that it can only be used on MetaTrader 4 platform, so just keep that in mind when you’re signing up. What this means is that you first have to choose your account package and then you get the ability to turn it into a swap-free account. Don’t worry, though, because all of the aforementioned account types (Classic, Market Pro and ECN) can be transformed in this way as long as you stick to MT4. Literally, a click of a button is all you need. Therefore, you don’t need to actually be a practitioner of the Islamic faith if you want to enjoy this account. If this way of trading suits you, simply switch to it.
However, keep in mind that there are fixed commissions for FreshForex Islamic accounts, depending on which currency pair you decide to invest in. This commission will be collected for rollover and is calculated for one lot. There are four different categories of pairs in this case, charging five, ten, twenty and thirty dollars respectively. For example, for EUR/USD pair the commission is five dollars, whereas for ETH/USD pair the commission is 30 dollars per lot. Oh yes, there are cryptocurrencies on this website, too. More about them next on our FreshForex review.

FreshForex Islamic Account

FreshForex Islamic Account

FreshForex cryptocurrencies

As we have mentioned earlier, there are plenty of assets to choose from here, well over 100 of them. Among them, you will also find a number of cryptocurrencies, which certainly expands the potential base of this broker’s clients quite a bit.
The first FreshForex cryptocurrency available is Bitcoin, naturally. This is by far the most popular and valuable coin, so it makes sense to include it in your offer. Like we said earlier, Bitcoin is one of the base currencies here, meaning that you can make transactions using it, as well as invest in it. However, other FreshForex cryptocurrencies are also present in the offer, including Ethereum, Ripple, Leviar Coin, Bitcoin Cash and Litecoin. Leviar Coin is really not something you see all that often offered in the industry, so we have to award bonus points to the broker for that. It’s still a new virtual currency, so you can see from that the company is monitoring the latest trends in the crypto industry closely.
The name of the game for FreshForex cryptocurrencies are CFDs. All of them actually for currency pairs with the US dollar, so that’s how you can trade them. Once again, the broker has made sure that everything is transparent, meaning you can find out literally everything about each pair on CFD specifications page. For example, you will be able to see how big the current spread is, inform yourself about the margin (both in percentage and in USD), check commissions, limit and stop levels and more. Therefore, if you’re into cryptocurrency trading, FreshForex really should fulfil all your needs.

FreshForex Crypto Daily Analysis

FreshForex Crypto Daily Analysis

FreshForex advisors and other analytical tools

And still, our review moves on. A broker as experienced and as big as this one knows very well that it needs to maintain a relationship with its clients. This is done in several ways which will all be explored in the next few paragraphs of the article.
The first feature we want to look at are FreshForex advisors. Don’t be fooled; these are not persons who you can talk to in order to get some investment advice but products you can use to enhance your trading experience. These are actually some unique indicators, scripts and robots which can be purchased in the FreshForex advisor shop. Some of the things offered there are completely free, so just visiting the shop may bring you some extra value. If you decide into buying some of these handy tools what can provide you with reliable signals, all you have to do is click, pay, and the file you need will be delivered to you by e-mail.
Apart from that, however, the broker will provide you with loads of analyses (they like using Elliot Waves for that, which can be very interesting), including an analysis of the cryptocurrency market. Detailed technical observations are also available, plus you also have access to all the latest market news through a detailed economic calendar. Combine all that with the heatmaps we mentioned earlier in the review, and you can get a very special insight into the world of trading. Plenty of data is just waiting for you to come and use it, so don’t be afraid to dive in. Anyone who likes to observe and analyse the market will love it here. But that’s just the first piece of this phase of our FreshForex review.

FreshForex Expert Advisors

FreshForex Expert Advisors

Profit directly from education!

Just like all other serious brokers, this one also has a lot of educational materials to offer you. However, they were quite creative in trying to bring those materials closer to you, which we can certainly appreciate. One feature is quite unique, but let’s take things from the top.
Tutorials available here are available to everyone who visits the website, regardless of whether they have an account with the company or not. These tutorials cover all the basics in four separate parts, forex market basics, price movements, profit and the trading system the broker uses, so you will be well prepared if you’re a beginner once you go over them. You also have a trading encyclopaedia to go along with this, which will help you clarify every trading term you’re not familiar with. If you want to expand your knowledge even more after that, just sign up for one of FreshForex webinars which are held regularly and listen to what trading experts have to tell you. These webinars often discuss the latest news from the market, so you’ll be able to get some valuable insight into how one development can affect another.
After that, however, things start to get really interesting. There is something called the Trader’s Path in the educational section of this website, and it provides detailed instructions on how to behave on the market and build yourself as a trader. The path is composed of seven steps, with each step having a goal you need to reach. The most common mistakes are also enumerated and explained there, so the whole approach to traders’ education in very innovative. Certainly, a breath of fresh air in the industry which we like very much, not just because of its design but because of the attention to detail exhibited there.
However, what is unique about education on this website is the fact that it also provides you with an opportunity to earn. Remember that encyclopaedia we mentioned earlier? Well, it turns out it’s more like Wikipedia than regular books in that anyone can write an article there. Simply cover a topic you feel knowledgeable about, send the article to the broker and get a FreshForex bonus of 20 dollars if your article is published. That’s a brilliant way of developing a broker’s community, plus you as a trader will get something for your troubles if you decide to help out other people. One more thing to discuss before we wrap things up.

FreshForex Education

FreshForex Education

FreshForex support team

If, after all of this, you still have some questions, you can always contact FreshForex support for more information. You will always get what you’re looking for when communication with these people because they are seasoned professionals and traders themselves who will know exactly how you feel and what you need. The only objection we have is that they are not working during weekends, but that’s really a minor complaint, all things considered. There are plenty of ways to pose a question, from live chat to phone and e-mail, plus you can send an inquiry directly to your personal manager if you want to.
Apart from that, we would include regular company news into FreshForex support. Simply, it’s nice to get regular updates from your broker about their new assets, deals and things like that. This allows you to make the most of the offer here every time. Don’t forget to check social networks for their accounts too (Facebook and Twitter should be the best picks) because you can pose a question that way, as well. With that, we will bring this review to a close since it has been going on quite enough. Check out our final part of the text for a recap of all the most important features.

FreshForex Contact

FreshForex Contact

FreshForex Review – conclusion

So, that’s our FreshForex review for you. We hope you have learned why this company has been successful in the forex industry for so long. Simply, they offer so much to their clients and are always willing to go the extra mile to fulfil your every need. You can best see this from the number of bonus options you have – there is an incredible amount of ways you can get extra trading funds on this website. Furthermore, you’ll be very happy to know that there is no minimum deposit requirement to worry about, plus the trading platform is equipped with special Smart Bridge Technology which works silently under the hub and makes sure you get the best deal every time. On top of that, the support also excels, and the education materials are delivered to you in seven easy steps. That way, you can effortlessly grasp everything you need to know before you make your first trade. Not only that, but you can write educational articles yourself and even get paid for that, which is a unique deal in the industry.
All in all, this broker has a great offer, a lot of experience and very interesting features. You can see that they have learned a lot during their time in the industry and that they always try to stay one step ahead of the competition. Truly, some things they have come up with are very hard to find anywhere else, so if you want to trade with a worthy partner, this is most certainly it. Open an account with FreshForex and enjoy a spectacular trading experience.

Recommended reading

Author's overall rating:
Author: Ben Prescott
Updated:

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