FreshForex Spreads, Leverage, Minimum Deposit Revealed wikifx.com
General Information & Regulation
FreshForex is a St. Vincent and the Grenadines registered online Forex and CFD broker, established in 2014. FreshForex is currently registered with St. Vincent FSA.
Market Instruments
Investors can trade over 139 instruments on the FreshForex marketplace, mainly cryptocurrencies, stocks, indices, and metals.
Minimum Deposit
To meet different investors' investment needs and trading experience, FreshForex offers traders three different types of accounts: Classic, Market Pro, and ECN Accounts. Freshforex requires a deposit of at least $100 when it comes to the minimum initial deposit.
FreshForex Leverage
The maximum trading leverage offered by FreshForex is up to 1:2000, which is incredibly high. Unregulated brokers usually offer high trading leverage to attract new traders. Since leverage, can amplify both profits as well as losses, inexperienced traders are not advised to use high leverage levels in case of heavy fund losses.
Spreads & Commissions
Spreads on FreshForex Classic accounts are 2 pips on EURUSD, 3 pips on GBPUSD, and 2 pips on USDJPY. Spreads on Market Pro accounts are 1 pip on EURUSD, 1 pip on GBPUSD, and 1 pip on USDJPY. Commissions on Forex trading on ECN accounts is between 0.0030% and 0.0045%, respectively.
Trading Platforms
FreshForex claims to offer traders the industry-leading and popular MT4 and MT5 trading platforms, but the authenticity of this two trading software remains questionable.
Deposit & Withdrawal
FreshForex supports several deposit and withdrawal methods, which traders can choose flexibly according to their actual needs. The main deposit and withdrawal methods are Visa/MasterCard, WebMoney, Skrill, NETELLER, FasaPay, Perfect Money, Bitcoin, etc. The user pays 2.5% + 5 EUR/USD for withdrawal via Visa/MasterCard, 0.8% for withdrawal via WebMoney (up to 50 USD), 0.5% for withdrawal via Skrill, 0.5% for withdrawal via Perfect Money, and 1% for withdrawal via Bitcoin. 1% fee for withdrawals via TBY.
Customer Support
With FreshForex main headquarters in St. Vincent and the Grenadines, traders can get access to its customer support team through a telephone call. Email communication is also available as well as Chat during trading hours. An online request for information form is also provided.
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