FreshForex Broker Review In Kenya In 2024

FreshForex Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC, FCA, DFSA, FSCA
💰 Minimum Deposit	$200
💳 Deposit Options	Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
💳 Withdrawal Options	Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
📌Open an account	Start Trading with FreshForex

Our Opinion About FreshForex

FreshForex is an established forex broker that was first set up in 2004. It is registered in Saint Vincent and the Grenadines. With over 18 years of experience in the forex industry, FreshForex has gained a good reputation for being reliable and offering a high quality service to traders worldwide. 

FreshForex has three main account types that are available on either the MT4 and MT5 trading platforms. It is great for forex traders that are looking for a broker with good trading conditions and no minimum deposit. The account has high leverage on all its instruments. It also has 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 are—you’ll still potentially be able to make decent profits with this broker!

This FreshForex 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.

Why We Choose FreshForex

FreshForex has been offering online trading services for many years.  During that time, it has managed to attract many clients from all around the world, thanks to its excellent trading accounts and its reliable services.

If you’re looking for a broker that offers the best exchange rates and the best variety of trading instruments, look no further than Fres Forex. You can trade 130 different instruments—including Forex, Indices, CFDs on precious metals and energy products, as well as corporate shares. The spreads at FreshForex 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 trade anywhere you like with this broker’s trading platform.

When it comes to customer service, there’s no beating FreshForex. Their support team 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 Regulation and Safety

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

FreshForex Regulation in Kenya

Forex traders in Kenya can register with FreshForex’s business entity in Saint Vincent and the Grenadines (SVG). 

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 out of St Vincent and the Grenadines. 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 forex trading service provider, and you can always test their services on a demo account first. 

Is FreshForex A Scam?

Fresh Forex scam? No, it is a legitimate broker with many positive reviews. It has been in the forex industry for more than 18 years and has become one of the most reliable forex brokers in Kenya. 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 Account Types

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.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Classic	From 2.0 pips	$200	1:2000	$0
Market Pro	From 1.6 pips	$400	1:2000	$0
ECN	From 0.2 pips	$2000	1:2000	$6 per lot

FreshForex Registration

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 Spreads

FreshForex 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 Deposits

You can choose the method of deposit that suits you best from the list of popular payment instruments. FreshForex 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.

Deposit Methods

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 Kenya are relatively low. With a solid network of correspondent banks and financial affiliates, you can also enjoy lower fees on international transactions.

Minimum Deposit

FreshForex 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.

Withdrawal Methods

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. 

Withdrawal Complaints

FreshForex is a well-established company with many convenient payment methods. We have checked their customer reviews and there are very few complaints about the withdrawal process. Their customer support team handles withdrawal complaints quickly. 

Withdrawal Problems

FreshForex is a highly reputable company offering many payment options. We have looked at their customer feedback and there are very few reports about withdrawal problems. Their customer support team helps resolve any problems quickly. 

FreshForex Bonuses and Promotions

FreshForex offers various bonuses and promotions to reward and incentivize its African traders. These include:

1. Cryptocurrency Deposit Bonus: Receive a 10% bonus for each deposit made using cryptocurrency.
2. Stop-out Insurance: If your position is closed due to a stop-out, FreshForex will return 50% of insured funds.
3. 300% Deposit Bonus: Increase your trading volume with a 300% bonus on each deposit.
4. 101% Drawdown Bonus: This bonus helps traders cope with deep drawdowns and increase trading volume.
5. Deposit Without Commission: FreshForex has canceled deposit commissions, allowing you to top up your account without extra fees.
6. Cashback: FreshForex offers a cashback program to insure your trades.

FreshForex Promotions

ECN No Commission Account Promotion

• Sign up for the ECN Free account
• Enter bonus code “ECNFREE” in Client Area
• Download MetaTrader 4 or 5
• Fund account without commission

Benefits

• No commissions with narrow market spread
• High liquidity
• Instantaneous order execution
• Leverage up to 1:1000
• Over 130 financial instruments available

This promotion provides traders with the ability to access professional ECN trading conditions without the typical commission fees. This is an attractive offer for both new and experienced traders looking for cost-effective trading solutions.

Trading Instruments

• Cryptocurrencies – FreshForex supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), and Litecoin (LTC).
• Currencies – FreshForex offers the opportunity to trade 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 over 600 stocks from other smaller companies listed on various markets around the world.
• Indices – The indices section includes many popular global indices such as the S&P 500, NASDAQ 100, Dow Jones Industrial Average (DJIA), and more. 

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 real-time quotes. 

The MT4 platform 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!

Desktop Trading Platforms

FreshForex offers a web terminal option for traders on MT5. You can use it on all devices including desktop. You get access to all basic features and many trading instruments. 

WebTrader Platforms

FreshForex has  a web terminal option for traders on MT5. You can use it on all devices including mobile. You get access to all basic features and many trading instruments. 

Mobile Trading Apps

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 important  features like real-time charting, order alerts, stop losses,  and limit orders

Customer Support

FreshForex 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. FreshForex 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 Conclusion            

There are many FreshForex 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!

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