Freshforex

The company offers 270 tools in its trading arsenal. Zero spreads on professional ECN accounts and no commission for replenishing a trading account. Lightning-fast execution of orders without requotes. More than 1000 articles on current topics in the unique encyclopedia for traders CleverFX. There are plenty of big statements on the official website regarding what customers can expect.

Regulation and safety

FreshForex emphasizes its commitment to safety and reliability by using licensed European liquidity providers and banks. The company also ensures the protection of user personal data in accordance with the GDPR regulations and uses an SSL certificate for secure information transfer.

But the problem is that if you open the “Legal Information” section, there is no information in it. The section is empty. The footer only contains the address of the office and, apparently, registration.

If you have previously been in search of a reliable partner for cooperation, then most likely you have seen an identical location in the rating of brokers of the company – Suite 305, Griffith Corporate Center, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines. An offshore zone and this address is favored by dozens of scammers. And FreshForex decided not to come up with something new, but chose this address and that’s it.

Of course, it was not possible to find evidence of licensing. The Central Bank of the Russian Federation does not know anything about the functioning of the project. It turns out that the company provides services in Russia illegally. At the same time, he continues to talk about reliability.

Format of communication with FreshForex

The following communication methods are available to contact FreshForex customer support:

• online chat. In reality this is a bot;
• telegram channel, also a bot;
• Email.

Apparently the company plans to stay as far away from customers as possible and not make contact.

Terms of cooperation with FreshForex

The organization offers three main types of trading accounts:

• Classic. Minimum deposit $10. Quotation accuracy: 4/2 digits. Fixed (from 2 points). Leverage: 1:25 – 1:2000. There are no commissions;
• Market Pro. Minimum deposit $10 (recommended from $400). Quotation accuracy is 5/3 digits. Floating (from 0.9 points). Leverage: 1:25 – 1:1000. Commission from 0.003% per contract;
• ECN. The starting amount is from 10 dollars, it is recommended to invest from 2 thousand dollars. Quotation accuracy: 5/3 digits. Spreads are low. Leverage 1:25 – 1:1000. Commission from 0.003% per contract.

There is a wide range of available tools. Currency pairs, precious metals, cryptocurrencies and more are available. It is even possible to trade over the telephone.

Additionally, the company offers promotions and bonuses. Includes Cashback, 101% for drawdown, 300% for each replenishment, insurance against stop-out. The problem is that the organization does not disclose information about what processing conditions await clients. Thus, the FreshForex organization creates the foundation for further manipulation of clients and blocking of their accounts.

FreshForex scam scheme

Here we need to start with the fact that the activities of FreshForex are not regulated by anyone. Accordingly, the service can act as it wishes. If we talk about the fraud algorithm, it is based on the following stages:

• problems with order execution. Users note problems such as regular requotes and slippages, as well as long order execution times, which can negatively affect trading;
• delays in withdrawal of funds. Some traders report delays in withdrawals, sometimes up to three months, causing inconvenience and anxiety;
• quality of customer service. There are complaints about the quality and speed of the support service, especially after making a deposit;
  doubts in reviews. Users indicate the presence of a large number of custom reviews, which makes it difficult to obtain an objective picture of the broker’s work;
• limited trading opportunities. The lack of cryptocurrency trading tools and investment programs may be a drawback for some traders.

In general, the freshforex.org service is no different from other scammers. The work is based on a classic scheme that brings scammers money for a long time.

The office will not be able to guarantee you stability and maximum security. Scammers do not stop there, but launch new projects and tricks. If you transferred money to scammers, study the chargeback details. If you have questions, write to us so that consultants can provide support in the procedure.