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FreshForex Broker Review For Nigeria In 2023

Our Opinion About FreshForex

FreshForex is a great forex broker for traders that are looking for a broker with no minimum deposit. The platform is quite easy to use and the website is very user-friendly.

The site has a clean interface, which makes it easy to find your way around. You can sign up with a demo account or with real money, depending on how much you want to invest. Tons of features make trading easier, such as live chat support, low fees, instant withdrawals, and a mobile app.

The team at FreshForex is really friendly and helpful, especially when you need help with something that isn’t covered by the FAQ page on their site. They respond quickly when you ask them questions about anything related to trading forex or CFDs!

FreshForex offers competitive spreads on almost all of its currency pairs, which means that even if you’re only looking at smaller amounts of money—which most people do—you’ll still be able to make decent profits by using this broker!

This Fresh Forex review will provide you with all the information you need to open and fund a trading account. You’ll learn about their bonuses and promotions, the kinds of accounts offered, leverage, and other investment options, as well as general trading terms.

Summary Review

Fresh Forex has been offering a wide range of products since 2016. It has managed to attract many clients from all over the globe due to its excellent customer support and its reliable services.

If you’re looking for a broker that offers the best exchange rates and the most variety of instruments, look no further than Fresh Forex. You can choose from 130 different trading instruments—including Forex, Indices, CFDs on precious metals and energy products, as well as corporate shares. The spreads at Fresh Forex typically start from 0 pips and withdrawals are quick and easy.

You can also receive bonuses and offers when your account hits certain milestones. In addition, there’s an app available for all major operating systems so that you can get started right away with this broker’s trading platform.

FreshForex Regulation and Safety

The FreshForex is the trading name for Riston Capital Ltd. The company is registered in Saint Vincent and the Grenadines (SVG) and operates under local supervision.

Regulations in Nigeria

Forex traders in Nigeria can register with FreshForex’s business entity in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is a popular destination for many forex companies, and there are many legitimate forex brokers registered in this jurisdiction. This is because St Vincent and the Grenadines allows forex companies to set up businesses fairly easily, without the need for a physical presence on the island, and without the need for high initial capitals. They also have less strict establishment rules and less regulatory oversight.

Does this mean that FreshForex is less reliable? Not necessarily. There are many reputable companies operating in this jurisdiction. In our opinion, FreshForex is a reliable forex broker offering fair treatment, good client fund protection, and good customer service. It is definitely worth considering them as a potential provider, and you can always test their service on a demo account.

FreshForex Spreads

Fresh Forex offers spreads as follows: Fixed (from 2 pips), floating (from 0,9 pip), maximum low (from 0 pip). Fixed spreads are the most common and widely used. They are also known as “full spreads”. The amount of margin required for a full spread is calculated by multiplying the number of pips by the margin rate. The opposite of fixed spreads is “partial” or “short” spreads. These are only applied when trading currencies with longer maturities than 100 days or with higher interest rates.

Floating spreads have a fixed rate applied at each leg while the other leg has a floating rate. The difference between the two legs is known as the basis and is added to or subtracted from the total markup/markdown. The Maximum Low spread is very similar to a normal spread except it applies an additional markdown when there are no bids on any leg of the trade.

FreshForex Deposit

You can choose the method of deposit that suits you best from the list of popular payment instruments. Fresh Forex is committed to providing its clients with a fast and secure instant payment experience. Therefore, they have made sure that all transactions take place within minutes from the time of placing a request.


The company offers a wide range of payment methods, including PayPal, Skrill, Neteller, Visa/Mastercard, Bank Transfer, Bitcoin, Bitcoin Cash, Zcash, USD coin, and many more. The fees for interbank transfers in Nigeria are relatively low. With a solid network of correspondent banks and financial affiliates, you can also enjoy lower fees on international transactions.

Minimum Deposit

Fresh Forex has one of the lowest minimum deposit amounts in the industry. The FreshForex minimum deposit is $1 and there is no maximum on your deposits. This is great news for traders who are on a tight budget or just looking to get started with Forex trading.

FreshForex Withdrawal

FreshForex has a withdrawal fee that ranges from 0.5% to 2%. The fee depends on the method you use to withdraw funds, and it’s applied in most cases. Withdrawals are instant for most methods. However, bank transfers may take 1-3 business days.

Minimum Withdrawal

The minimum withdrawal limit for e wallets like Skrill and Neteller is $30. For Visa/MasterCard, the cap is $50.

How Long Does It Take

As mentioned most withdrawals are instant. However, bank transfers might take 1-3 days

FreshForex Registration. How to?

FreshForex is an online trading platform that allows you to trade forex, commodities, and stocks. The platform is available in multiple languages, including English, Chinese Russian, Spanish and French.

Registration on FreshForex is simple and fast. In order to register, you must provide your details, verify your identity, and complete a KYC (Know your Customer) procedure. It takes less than 30 minutes to complete the process if you have a valid email address and phone number. Just go to the FreshForex website and click “sign up”, you’ll be taken to our registration page, which will ask you for some basic information about yourself.

FreshForex Account

Real Account

A professional and reliable broker, FreshForex has multiple account options. They offer a traditional Classic account, and Market Pro account with instant execution and state-of-the-art trading platforms. FreshForex offers leverage of 1:2000 on its accounts.

FreshForex Bonuses                                             

 No Deposit Bonus 

FreshForex’s no deposit bonus means that if you open an account with them, they will give you a certain amount of money to start trading. It is not required to deposit any money before the bonus expires, but it is recommended. There are also many other bonuses available at FreshForex, so be sure to check out their site for more information! 

Welcome Bonus

Fresh Forex welcome bonus is a great way to start your trading journey. It’s only $200, but it’s also worth way more than that to you if you become a profitable trader. You can use it as a way to get started with trading. The bonus is only available to new traders and is valid for a specific period. You must register with FreshForex and verify your account in order to qualify for this offer.

Bonus Code                        

As a FreshForex Bonus Code holder, you can benefit from many bonuses to increase your trading profits. Check the website for various bonus codes and claim them for your trading account.

Withdrawal Bonus           

Currently, there is no FreshForex withdrawal bonus. Look out for future offers      

FreshForex Scam?

FreshForex is a legitimate broker with many positive reviews. It is not a scam. It has been in the forex industry for more than 10 years and has become one of the most reliable forex brokers in Nigeria. FreshForex has received many positive customer reviews on Trustpilot which gives you an idea of how satisfied its customers are with their experience with this broker. They rank well in different categories such as fees and withdrawal times which might influence your decision on whether or not to join this broker.

FreshForex Trading Assets

  • Cryptocurrencies: FreshForex supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), and Litecoin (LTC).
  • Currencies: FreshForex offers traders the opportunity to trade in a wide variety of currencies. The company offers trading in over 40 different currencies, including the USD, EUR, GBP, JPY, and other minor and exotic currency pairs.
  • Stocks – The company also allows traders to invest in stocks and shares through its stock market trading account. This is available for trading on major public exchanges including the New York Stock Exchange (NYSE), Nasdaq OMX, and London Stock Exchange (LSE). It also has access to over 600 other smaller companies listed on various secondary markets around the world.
  • Indices & Precious metals – The indices section includes many popular global indices such as the S&P 500, NASDAQ 100, Dow Jones Industrial Average (DJIA), and more. The common denominator of all these indices is that they are all traded daily.
  • Energies – Energy markets cover both crude oil and natural gas prices along with futures contracts for those two commodities too!

 FreshForex Mobile Trading Platforms

The broker wants to change the way the market works by providing you with the best experience possible. The mobile app is one of their most important products because it brings you all of your trading needs in one place. Its mobile app is available for both Android and iOS devices, with advanced features like:

  • Real-time charting
  • Order alerts
  • Full access to trading features like stop losses and limit orders
  • Client area panel

FreshForex Trading Instruments    

FreshForex offers a full range of stock trading instruments, including options, ETFs, futures contracts, and forward contracts.

  1. Exchange-Traded Funds (ETFs)-FreshForex offers a full range of exchange-traded funds that can be traded on their platform. These include Equity ETFs, Commodity ETFs, and Currency Hedged ETFs. Exchange-traded funds allow investors to gain exposure to different asset classes without having to worry about managing the underlying assets themselves.
  2. Futures Contracts- FreshForex offers futures contracts for less volatile commodities such as gold and oil that are less likely to fluctuate as quickly as stocks do during bear markets or bull runs; this allows investors to take advantage of price movements in these commodities while reducing their risk level by locking in their prices before they move up or down too significantly.
  3. FX Options – This allows traders to speculate on the movement of a specific currency against another currency or commodity by taking out an options contract. A trader can choose from one of three types of options: call option; put option; or uncovered option.
  4. Forward Contracts- A forward contract is when you agree to buy something in the future from someone else at a certain price. Forward contracts are usually used by businesses so they don’t have to worry about things changing too often (like if someone offers them more money than they thought they would). They’re also used by people who want to buy something cheap now and sell it later at more expensive prices (so they can make more money).

FreshForex Trading Metatrader Platforms 

FreshForex’s MT4 and MT5 platforms are great choices if you want to trade with a broker that offers both desktop and mobile trading options, as well as live accounts and real-time quotes.

MT4 is an open-source platform that allows traders to access their accounts from any device through the web browser. It is suitable for all traders, and it features a simple design with intuitive indicators.

The MT5 platform is similar to its predecessor; however, it also includes support for market data feeds and trading alerts, which makes it easier for more experienced traders who prefer to use more advanced tools. Both platforms have several different features that make them stand out!

Customer Support

Fresh Forex customer support is available 24/7 to answer any questions you might have. You can contact them by phone, email, or live chat and they will get back to you promptly. Fresh Forex has a team of experts ready to help you with anything from questions about their platform or trading strategies to concerns about your account, or any other questions that might come up as you learn more about trading forex.

FreshForex Education and Research              

No matter what kind of trading you want to do, FreshForex has your back. This broker is dedicated to helping you succeed in the markets. They understand that many people are new to trading and they want the information they need to make informed decisions.

FreshForex has created a comprehensive educational platform that will help you learn how to be successful in the markets. The FreshForex Education and Research team is responsible for the development of educational materials, including training modules, videos, and webinars.

Their blog is full of quality articles that can help you if you are new to trading or if you are looking for some tips on how to improve your skills. The company has a unique approach to education, research, and marketing. They have created an environment that makes it easy for traders to learn about trading and understand how it works.

Our Verdict             

There are many Fresh Forex reviews online but we aim to provide the most comprehensive and impartial feedback about this forex broker. The most important thing to know about FreshForex is that they are an established forex broker. This means that they have a strong record of providing reliable online trading services to their customers.

We’ve done some digging into this forex broker and found that they have been operating in a fair and transparent manner for many years. They currently have many clients globally and won several awards for their services. They offer a wide range of forex and CFD trading instruments. If you’re looking for a forex broker with low fees, great customer service, and an extensive range of products then this might be the broker for you!

FreshForex Broker Review FAQ

Is FreshForex a good broker?      

Yes! FreshForex is a great broker. FreshForex is one of the best brokers in Nigeria, with a 2023 trading experience, and the best trading platform. They are also an award-winning brokerage with amazing customer service.
FreshForex has been around since 2004 and they have built a strong reputation for itself. They offer a wide range of services including Forex, CFDs, cryptocurrencies, and commodities trading as well as providing research and market analysis tools for traders.
The trading platform is fully customizable to suit your needs. The interface is easy to use but has a lot of features that allow you to trade more efficiently.

Is FreshForex an ECN broker?

FreshForex is an ECN broker. ECN stands for Electronic Communication Network and is a type of trading that matches clients’ orders directly without passing through market makers.
The advantage of using ECN brokers is that they can match orders faster than market makers because they don’t have to wait on a price before executing your order. Furthermore, if you use an ECN broker, you avoid conflicts of interest since ECN brokers cannot take a position against the client.

How long does it take to withdraw from FreshForex?

Withdrawals are instant and you can withdraw anytime you hit your profit target. Bank transfers may take 1-3 working days.

How does FreshForex work?

FreshForex is a broker that provides forex trading services to clients in Nigeria. The company was founded in 2017 and has since grown to offer over 50 different trading pairs. FreshForex offers its clients access to some of the world’s most liquid currency markets, including the EUR/USD, USD/JPY, GBP/USD, and USD/CHF pairs.

The broker also offers a range of advanced features like instant deposits and withdrawals, 24/7 customer support, and automated trading software for advanced traders who want more control over their trades. The company’s headquarters are located in Saint Vincent and Grenadines but it has operations across Europe and Asia Pacific regions as well.

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