FreshForex Review

Category: Reviews | Author: Trading Brokers | Date: March 21, 2024

FreshForex is a forex and CFD broker that offers online trading to traders around the globe. The brand began operations in 2004 and is currently operated by ‘Riston Capital Ltd’ which is registered in St. Vincent and the Grenadines. FreshForex offers over 130 trading instruments for trading on the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. All trading styles and strategies are allowed by the broker.

Pros & Cons

  • Both MT4/MT5 trading platforms
  • Good range of major, minor and exotic currency pairs
  • Low spreads starting from 0 pips
  • There is no minimum deposit required to commence live trading
  • Comprehensive trader educational resources are provided
  • Daily analysis and real time forex signals
  • Unregulated broker
  • Clients from some countries are not accepted
  • Limited non-forex instruments
  • Not the lowest commission fees


The broker offers competitive spreads, ECN trading, decent trade execution speeds and a variety of trading tools. FreshForex asserts that it is a ‘No Dealing Desk’ (NDD) broker that works with only licensed liquidity providers. The broker has deployed the ‘Smart Bridge’ technology in pricing and execution of clients’ orders. This technology accepts clients’ orders from the servers, finds the best available prices and sends the order to the appropriate liquidity provider. They claim that orders are executed without broker interference. This can help them to deliver competitive trading costs, speedy trade executions and minimal requotes.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


The FreshForex brand is operated by ‘Riston Capital Ltd’ which is incorporated in St. Vincent and the Grenadines. The international business company number is 20623 IBC 2012. The company’s regulatory detail is not provided on its website. It should be noted that this regulation could not be verified and such regulation is not considered to offer the same level of protection as other regulators do. Thus, we would proceed with great caution or use an FCA, CySEC or ASIC regulated broker instead.

FreshForex mandates all clients to verify their identities using ‘Know Your Customer’ (KYC) procedures. All clients are required to scan and upload a government issued identity card and a utility bill.

The broker’s website and platforms are protected with Secured Socket Layer (SSL) technologies. This encodes all data as it moves to and from the servers giving no access to unwanted intruders or hackers.

FreshForex states that its services are not meant for clients from the following countries: North Korea, Spain, United Kingdom and the USA. Some FreshForex broker features and products mentioned within this FreshForex review may not be available to traders from specific countries due to legal restrictions.




The MT4 platform is one of the most popular trading platforms used in forex and CFD online trading. The platform is robust, fast and loaded with professional tools for trading and conducting thorough chart analysis. It supports complex charting, multiple orders and extension using add-on apps. The FreshForex MT4 platform is freely available as downloadable desktop application for Windows and also as downloadable iOS and Android apps.


Just like the MT4 platform, MT5 was designed by ‘MetaQuotes Software Corporation’; a Russian Software firm known for developing trading softwares for the financial markets. The MT5 platform was designed to improve on the already established MT4 and so, it has all the features of the MT4 with expanded functions and capabilities. The physical interface of both platforms looks very similar on the screen on both the desktop and mobile apps. However, both platforms are not cross compatible and so apps must be designed separately for the MT4 and the MT5 platform respectively.

FreshForex Trading Platform

FreshForex Trading Platform

Here are some of the core functions of the MT4/MT5 platforms:

  • Simple and user friendly interface on both desktop and mobile apps.
  • Customisable windows, charts, layouts and colours.
  • Trading instruments’ quotes are displayed in real time. It can be customized to display only the assets of interest to the trader.
  • 3 chart styles namely: Bar charts, Line charts and candlesticks.
  • The charts can be displayed on 9 timeframes on the MT4 while the MT5 has up to 21 timeframes.
  • Inbuilt technical indicators: the MT4 has 30 while the MT5 has 38. Add-on apps can extend the number of indicators to thousands.
  • Analytical objects used in technical analysis: the MT4 comes with 24 while the MT5 has 44.
  • Multiple order management including 4 pending orders on the MT4 while the MT5 has 6 pending orders.
  • Trade automation using Expert Advisors (EAs). Clients can automate their strategies by building and installing an EA within the MetaTrader platforms.
  • Access to the MetaTrader market from the platform. This market sells EAs, indicators, signals and other trading tools that can benefit a trader.
  • Alert notifications via email, SMS & pop-up alerts.



Economic Calendar

This calendar displays the events that are known to have impacts on the markets as well as the event’s starting time. Click any event to display its detailed info, charts, forecast and history. The economic calendar is provided on the brokers website and also on the MT5 trading platform. The calendar can be personalised to show only the trader’s time zone, favourite countries and dates of events.

Forex Fundamental Analysis

This is a section of the ‘Fresh Forecast’ that analyses the different messages, reports, news and rumours and how they influence the tradable assets. It is updated daily on the broker website and focuses on the major currency pairs. It is prepared by FreshForex in-house analysts and the daily updates normally ends with trading recommendations.

Technical Analysis: Trend Potential

This analysis is updated daily on the broker website. It focuses on the major EURUSD, USDJPY and the GBPUSD currency pairs. The forex analysis is based on complex chart analysis using indicators and other tools. Trade recommendations are given at the end of the analysis.

Elliot Wave Analysis

This is also presented on the website daily by a FreshForex expert. The analysis is for the major EURUSD, GBPUSD and the USDJPY currency pairs. After the analysis, trade recommendations are given.

Analysis of Margin Levels

This analysis is updated daily on the website by ‘James Hoggarth’; a FreshForex analyst. He only analyses the major EURUSD, USDJPY and the GBPUSD currency pairs using margin levels. The analysis ends with potential trading opportunities.

Huckster Forex Advisor Shop

This is a Shop operated by FreshForex where clients can get EAs, indicators and scripts. The broker states that these softwares are created by top developers. Many of them are free whilst some are paid.

Virtual Private Server (VPS)

FreshForex offers VPS hosting to all clients who require reliable, stable and quick connection to the trading servers. A Forex VPS can be very important to traders who use EAs and other trading systems. They allow you to run your trading platform 24/7 without needing your computer switched on. The VPS is free for the first 24 hours after which the client is charged $10 per month, $27 for 3 months, $49 for 6 months and $95 for one-year subscriptions.

FreshForex Easy Bot Service

This is an innovative idea of trading through ‘Telegram’ app on smart phones. All you need to do is to login to Telegram, search for FreshForexeasybot on a live account or demo account. The bot will provide information needed for trading. It should be noted that there are no guarantees to the quality of signals provided using this service.

Forex Trading Signals

FreshForex gives trading signals in real time. The signals are for 7 forex pairs, 7 commodities, 7 indices and 7 stock CFDs. The trader can choose the desired timeframe to see the real-time signals. The signals are given as Strong buy, strong sell, buy, sell and neutral. There is by no means any guarantee on the results of these signals.

FreshForex Trading Signals

FreshForex Trading Signals


The educational section of the website features an interactive tutorial consisting of 4 courses and a test, covering the following:

  • Introduction to the forex market: contains 6 lessons on trading, platform, charts, etc
  • How to predict the price movement: contains lessons on fundamental, technical and chart analysis.
  • What do you need for Profitable trading? This consists of lessons on Psychology of forex trading, Money management in forex, etc.
  • Trading System: Has 6 lessons on trading systems, trade automation, trading strategies, etc.

There is a glossary of over 30 forex trading terms and their definitions are provided for easy reference.

FreshForex has a list of recommended books for all clients to read and improve their knowledge. There are about 26 books on technical analysis, fundamental analysis, forex introduction, money management and trading psychology.

Webinars are always scheduled on the website. Interested clients can register for the next webinar.

The Forex encyclopedia is a series of articles relating to several topics on economics, forex, CFDs, online trading, etc. The encyclopedia can be searched by topics, by category or by alphabetical order.


The following instruments are available for trading online:

  • 49 Forex Currency Pairs
  • 65 Stock CFDs
  • 11 Indices
  • 3 Energies
  • 5 Metals
  • 6 Cryptocurrencies


FreshForex accounts are not dependent on the trader’s capital. There are no minimum deposits required; rather the broker recommends a befitting amount that should be deposited to enjoy the benefits of the account. The MT4 and MT5 platforms are available to all account types. As broker fees can vary and change, there may be additional fees that are not listed in this FreshForex review. It is imperative to ensure that you check and understand all of the latest information before you open a FreshForex broker account for online trading.

ProCent Account

This is the account denominated in Cents. It is geared more towards new traders who wish to try out a live account and for practising trading strategies. It allows the trading of micro lots of 10 units of base currency. The maximum leverage is 1:1000.

Classic Account

FreshForex recommends $200 deposit to open this account type. The fixed spreads starts from 2 pips and the leverage is from 1:25 to 1:200. The maximum order size is 20 lots and no commissions are charged.

Market Pro Account

The recommended minimum balance is $400. The floating spreads start from 0.9 pips while the leverage ranges from 1:20 to 1:500. The maximum order size is 100 lots and no commissions are charged o trades.

ECN Account

The recommended deposit amount is $2,000. The spreads start from 0 pips and the maximum order size is 10,000 lots. Leverage ranges from 1:20 to 1:500 and commissions of 0.03% per contract are charged.

Islamic Accounts

Swap free accounts are available for Muslims or for a client who apply long term strategies and so, prefers fixed commissions. Swap free accounts only available on the MT4 trading platform.

Demo Accounts

Demo accounts are freely available to all clients for practice purposes. You can test the different trading platforms and your trading strategies.


The FreshForex customer support team is friendly, swift and available 24/5. The fastest way to reach the support desk is through online chat on the website. The team can also be reached via email and phone. The support team is multilingual.


FreshForex prides itself as a broker that does not charge deposit fees and commissions on some funding options. It also says that withdrawals are processed within a few minutes. It should be noted that payment processors may charge additional fees.

The following payment methods are available to FreshForex clients:

  • Banks Transfer
  • Credit/Debit cards
  • Electronic Payment systems
  • Bitcoin

To open a trading account with FreshForex, visit the website and click on ‘login to client area’ located beside the menu bar. From the pop-up window that displays, click ‘register’ to display the form below.

Input your mobile phone number, email address and click ‘next’. Then enter your name, platform of choice, account type, base currency, and preferred leverage. Verify your email and phone numbers by entering the codes sent, then, click ‘open real account.’ You will be automatically logged into the client area where you can complete your profile, submit KYC documents, make deposits, download platforms and commence trading when you feel ready to do so.


FreshForex has been in operation for over 15 years and have been chosen by thousands of traders from 158 countries across the world. The broker offers ECN executions resulting in reasonable execution speeds, competitive trading fees and minimal requotes. The MetaTrader platforms are a popular choice as the platforms serve both experts and beginner traders very well.

The broker provides a range of trading resources which includes a forex encyclopaedia and forex trading courses. The demo account and the ProCent accounts can be useful to those who are new to online trading and need practice before trading with real money. Multiple payment options are also provided to accommodate the flexible needs of clients.

FreshForex has a hardworking in-house team of analysts who come up with daily market analysis, trading ideas, signals and webinars. These and other trading tools can help to give any trader ideas for potential trading signals.

Despite this, the regulatory status of FreshForex is a source of huge concern and for this reason alone we would avoid them at all costs and go with a regulated broker that offers clients more protection and transparency.

FreshForex Logo


FreshForex is an STP/ECN broker that provides Forex & CFD online trading via the MT4/MT5 platforms. The broker has ‘Smart Bridge’ technology & offers trading signals along with daily analysis. However, regulation is distinctly lacking.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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