Freshforex Broker Review – Earn With Convenient Platform: Freshforex is a foreign exchange broker with a location in the Republic of Ireland. They congratulate themselves for offering more than 139 financial instruments for trading. The company has an experience of 15 years in as serving foreign exchange market.
The fresh forex has taken a license from the CRFIN and KROUFR regulatory body. These licenses make them a regulated broker. The broker has registered offices in Saint Vincent as well as the Grenadines under the name of Riston Capital Ltd.
Freshforex Broker Account Types
Classic Account
- Minimum Deposit: Usd 200
- Spreads: From 2 Pips
- Leverage: 1:25 – 1:2000
- Maximum Order size: 20 lots
- Minimum Order size: 0.01 lots
- Commission: No commission
Market Pro Account
- Minimum Deposit: Usd 400
- Spreads: From 0.9 Pips
- Leverage:1:25 – 1:1000
- Maximum Order size: 100 lots
- Minimum Order size: 0.01 lots
- Commission: No commission
ECN Account
- Minimum Deposit: Usd 2000
- Spreads: From 0 Pips
- Leverage:1:25 – 1:1000
- Maximum Order size: 10000 lots
- Minimum Order size: 0.01 lots
- Commission: Usd 1.90
Freshforex Broker Trading Platform
MetaTrader 4
It is one of the prominent and universal trading platforms in the world. This platform offers a wide range of functionality, procedural simplicity, balanced and easy interface for all kinds of traders.
Features of the MT4 Trading Platform
- It also offers real-time bid/ask price quotes in the market watch window.
- It features one-click trading as well as trading from the charts.
- The platform has scripting, testing and installation of expert advisors (EAs) mechanism which automates trading strategies.
- Mt4 has sophisticated charting over nine time frames and multiple chart types.
- It comes preloaded with up to 30 technical indicators.
- Platform features can extend using add-on apps that developed using the MQL4 language.
- The trading platform offers multiple order types and risk management tools.
- MT4 platform also provides its users with price alert notifications via SMS, email & pop-ups.
MetaTrader 5 Platform
It is a trading platform that intends to supplant MT4, even though the former remains increasingly famous. MT5 accompanies most of the similar centre highlights as MT4 in addition to additional capacities and new highlights. MT5 is accessible as WebTrader, mobile apps for Android and iOS devices and also as desktop applications on Windows and MAC OS.
Features of MetaTarder5 Platform
- MT5 Offers depth of Market tool which shows the extent of liquidity available in the market.
- It supports the use of MQL5 to script plugin apps and has EAs for automation of strategies.
- One can deploy multi-currency strategy tests to backtest EAs over historical data.
- MT5 Allows as many as 100 charts to open simultaneously.
- MT5 offers traders with complex charts with three chart styles displayable over 21 timeframes.
- The platform comprises 38 technical indicators which can be utilized by traders for in-depth analysis.
- MT5 also comes with the economic calendar and offers price alert notifications facilities to the users.
Web Terminal
Web Terminal provides an immense range of instruments, free analysis tools, economic calendar and trading Central. Its features such as limit and stop orders can help to improve their overall trading experience.
Feature of Web Terminal
- It offers an intuitive and easy to use trading platform for financial trading.
- One can find various order types and execution modes on the platform.
- The platform provides a wide range of price charts and time frames, and it grants access to the financial news feed.
- The web terminal provides an extensive array of technical indicators and analytical tools.
- It offers a high degree of customization to its users and supports both desktop & mobile devices.
- It includes reputed third-party tools directly integrated into the platform and facilitates real-time symbol quotes for instruments.
Educational Resources
The instructive area of the site includes an intelligent instructional exercise comprising four courses and a test.
There is a glossary of more than 30 forex trading terms, and one can notice definitions accompanied by a simple reference. FreshForex has a rundown of prescribed books for all customers to peruse and improve their insight. There are around 26 books on technical analysis, fundamental analysis, foreign currency market introduction, money management and trading psychology.
Online courses are planned continuously on the site. Intrigued customers can enlist for the following webinar. The Forex encyclopedia is a progression of articles identifying a few points on economics, foreign currency, derivatives, online trading, and so on. The encyclopedia can be looked at by subjects, by class or by in sequential order request.
Deposit and Withdrawal
FreshForex prides itself as a broker that doesn’t charge fees and commissions on some financing alternatives. It likewise says that the broker prepares withdrawals inside a couple of moments. One can notice that the transaction processors may levy additional fees for the transactions.
Methods of Deposit & Withdrawal
The following deposit and withdrawal methods are available to the broker’s clients:
- Banks of Malaysia: The minimal deposit amount is 50 MYR, and the maximum is 50,000 MYR. The client has to deposit the amount online from the client’s bank account to FreshForex bank account. For withdrawals, there is a charge of 3% of the transaction amount, and it takes 1-5 business days.
- Skrill: The minimal deposit amount is $30, and the maximum amount is Usd 1,000 per transaction. The average transaction time taken is less than 15 minutes. There is a charge of 1% on the withdrawal, and it takes about 10 minutes to complete.
- Credit/Debit cards: The minimal deposit amount is Usd 10, and the maximum amount is Usd 5,000 per transaction. There is a charge of 2.5% + Usd 5 on withdrawals, and it takes 1-5 days to process.
- Neteller wallet: The minimal deposit amount is $10, and the maximum is Usd 10,000.
- Electronic Payment systems: These electronic payments are moment, helpful, secure and liberated from commissions. The techniques acknowledged are ePayService, QIWI, WebMoney, FasaPay, ADVCash and Perfect Money. For withdrawals, the charges go from 0.5% to 2% of the exchange sum. Everything relies upon the specific technique utilised. After the endorsement of the request, it takes inside 10 minutes to get the withdrawal process.
- Bitcoin: This is for customers who own Bitcoins. The customer exchanging account is credited when the moved Bitcoin arrives at the representative’s Bitcoin wallet. There are no deposit charges, and the broker handles exchanges expeditiously. There is a charge of 1% on withdrawals and its preparing time relies upon the block-chain network.
In Conclusion
FreshForex has been in activity for more than 15 years. The broker have been the choice of thousands of merchants from 158 nations over the world. The specialist offers ECN executions bringing about reasonable execution speeds, competitive trading fees as well as minimal re-quotes. The MetaTrader platforms are a mainstream decision as the platforms serve the specialists and tenderfoot traders well indeed.
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