How does a FreshForex ECN account work
A Swap Free account can be set up for any of the accounts. It is the best account setup for both traders working on long-term strategies and Muslim traders practicing Shariah law. This account is available on Classic, Market Pro and ECN accounts with a fixed commission from $5 per lot.
There is no minimum deposits stipulated for any of these accounts but the broker does recommend certain amounts and these are listed on the site.
A demo account is available at FreshForex for newbie traders just starting out in Forex trading and can be set up with any of the three accounts.
Features
The FreshForex website is user-friendly and easy to navigate. The pictures are colorful and attractive. However, when doing this review, I clicked on several tabs and was surprised to see the pages in Russian.
An interesting feature is that the FreshForex company indemnifies up to 100% of deposit commission to its clients on payments made through the most popular payment systems. For example, if a trader pays $1000 and a commission of $25 is taken off, FreshForex will refund the $25 so the trader still has a payment of $1000 to use for trading.
Smart Bridge Technology is another feature offered by FreshForex. The Smart Bridge Technology (SBT) system is a flexible and reliable mechanism used to hedge Forex trading risks, which allows the broker to work directly with several liquidity providers. The system monitors several channels of Forex quotes in a real-time mode, selects the best offer in the split seconds and ensures instant execution of an order at the best available market price.
Bonuses/Promotions
There were several bonuses and promotions offered at the time of this review.
Anyone with a Classic account can link the account to the "Fresh Rebate 50%" promotion to get the highest Forex rebate on spreads: $5 per lot on profitable trades either $10 per lot on loss-making trades.
Before June 1, 2016 traders can take part in the "36% per annum" promotion and receive the most profitable interest rate on free funds. All they need to do is trade as usual, earn with various instruments and FreshForex will work to increase the deposit month by month up to 36%. Classic and Market Pro accounts that are not linked to the “Fresh Rebate 50%” promotion are eligible for the promotion. There is no limit on the number of participating accounts.
Traders can also join the "Double deposit" promotion and receive a bonus of 101% for every deposit amount from $100.Trading with maximum leverage 1:1000 can end up with a profit of an extra 33% for every future deposit.
The most exciting promotion at the time of this writing was an opportunity to win a BMW X6M. Only $100 is needed to participate and there are 10 prizes given at the end of each stage of the contest. In total there are 75 prizes awarded and the top 5 winners at each stage win the prizes.
This contest expires during the first week in May.
Deposits/Withdrawals
There are more than 20 methods of deposit and withdrawal and no fees for deposit are charged by the broker. Funding is credited to the account instantly and withdrawal applications are completed within 10 minutes.
Separate charts are provided for all the methods of deposits as well as the ways to withdraw funds.
Customer Support /Address
The main headquarters for FreshForex is in St. Vincent and the Grenadines and traders wishing to contact a representative can call the numbers listed on the site. Email communication is also available as well as Chat during trading hours. An online request for information form is also provided.
Is Freshforex Legit?
FreshForex has been in the industry for over ten years and has been providing its members with a host of interesting features including a choice of different platforms and several trading accounts. When doing this review, I felt that certain information was missing or not clear.
If the Company is not legit than it would have be closed
Is Freshforex A Scam?
According to https://www.forex-ratings.com:
FreshForex is a scamming company with misleading information and promotional bonus, don't use this broker unless you want to giveaway your money. ... You might find some brokers are not allowing many kind of trading techniques, but here, you can even trading with scalping on more than 100 trading instruments.
Disclaimer: AZIBASE.COM will not be held responsible for any loss you incured for every information here gotten here was from the site (freshforex)
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