Overview of Fresh Forex Review
Fresh Forex has three trading accounts two of them are commission-free. Market execution, micro-lots and high maximum leverages are provided on the Meta Trader trading terminal. Also, Islamic swap free trading accounts are provided. The maximum initial deposit is not required to open accounts with Fresh Forex. However, the broker recommends some sum amount to access all the provided facilities. However, overall offers of Fresh Forex are attractive but we have identified many problems of it. And they are discussed in this Fresh Forex review. Read full Fresh Forex review here.
About Fresh Forex:
The broker Fresh Forex is situated and operates from Saint Vincent and the Grenadines. The company called Riston Capital LTD situated there is the owner of the brand Fresh Forex. The offered three trading accounts are Classic, Market Pro and ECN the minimum deposits of 1$ is sufficient to operate these accounts. However, full-fledged services are available at the deposition of 200$, 400$ and 2000$ respectively. Minimum trade size of micro lot 0.01 is provided on these three accounts with max leverages up to 1000:1. Variable spreads with or without commission are provided.
The broker offers to trade on the most versatile trading platform Meta Trader. It comes with advanced features like expert advice, multiple account management systems, auto trading bots, market indicators, charts and several other. All of this makes forex trading an easy task. In 2016 broker has introduced cloud-based trading using telegram app. It uses a unique easy bot software. It is one of a kind simplified trading solution. Several promotional activities are run by this broker such as Megarebate program and 10% welcome bonuses. However, bonuses must be accepted cautiously. As they come with many terms and conditions that are unachievable. Almost all kinds of payment methods are present at Fresh Forex. They include credit and debit cards, bank wire transfer, electronic wallets like Neteller, OK Pay, Fasa Pay, Skrill, Web Money, Wallet One and China Union Pay. It also accepts payments via Bitcoins.
Is Fresh Forex scam or legit?
The broker is operational from SVG an overseas unregulated territory for forex brokers. The provided maximum leverages are banned in strictly regulated foreign exchange markets. It offers trading bonuses that are quite controversial and also banned in many markets. To avail of all the facilities provided by Fresh Forex one need to invest heavily. All of this is the indication of a potential scam broker 2020.