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FreshForex Fees and Spreads

FreshForex Fees and Spreads

 

Overall Rating

4.7/5

Rated #233 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

📱 Trading Desk

Metatrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FreshForex spreads start from 1.3 pips, the commission is charged with the ECN account, starting from 0.0030% for forex. FreshForex does charge withdrawal fees, which range from 0.5% for FasaPay and Perfect Money to 2.5% for cards.

FreshForex does not document any inactive fees.

Finding a reputable list about FreshForex Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

Spreads at FreshForex are fixed with the Classic account at 2 pips for the EUR/USD and 3 pips for the GBP/USD. Spreads are floating with the Market Pro account, starting at 1.3 pips for the EUR/USD.

Commissions are charged with the ECN account, starting from 0.0030% for forex.

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

With FreshForex, other charges include overnight fees which are tripled from Wednesday to Thursday.

However, there is a swap-free, or Islamic account available for those traders who are Sharia-compliant with regards to the laws regarding interest.

FreshForex does charge withdrawal fees, which range from 0.5% for FasaPay and Perfect Money to 2.5% for cards.

There is no minimum deposit requirement, though they recommend $200 for Classic, $400 for Market Pro, and $2,000 for ECN.

Base currencies are USD, RUB, EUR, and BTC. All assets are available in all three accounts, as well as the MT4 and MT5 trading platforms. Spreads are fixed with the Classic and floating in the other two accounts and all require a minimum order size of 0.01 lots.

 

Overall Rating

4.7/5

Rated #233 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

📱 Trading Desk

Metatrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

 

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

FreshForex accepts a wide range of deposit currencies so that most traders will be able to avoid conversion fees.

FreshForex is not a spread betting broker, so spread betting fees will not apply.

 

Pros and Cons

✔️ PROS ❌ CONS
Transparent spread list

Relatively low commission

The commission is only charged on the ECN account

Competitive trading conditions

No deposit fees

Islamic Account/Swap-free provided for Muslim traders

Spreads are not the tightest

There is a fee charged on withdrawals

 

You might also like: FreshForex Minimum Deposit

You might also like: FreshForex Demo Account

You might also like: FreshForex Sign up Bonus

You might also like: FreshForex Account types

You might also like: FreshForex Islamic Account

 

FAQ’s

 

How many instruments can I trade with FreshForex

You can trade the following financial instruments:

  • Currencies – Trade on over 40 currency pairs including the EUR/USD, GBP/USD and GBP/EUR
  • Cryptocurrencies – Access 5 of the most popular cryptos, including Bitcoin and Litecoin
  • Stocks – Trade 60 CFDs on corporate stocks, including Microsoft and Ford
  • Indices – 11 global indices are available including the FTSE 100 and NASDAQ
  • Precious metals – Trade gold and silver CFDs on spot markets
  • Energies – Trade on oil and gas

 

Which platforms are supported by FreshForex?

MetaTrader 4, MetaTrader 5, MetaTrader WebTrader

 

Does FreshForex offer leverage?

Yes. The maximum leverage accessible with the Classic account is high at 1:2000. The Market Pro and ECN accounts cap leverage at 1:1000, but even this is higher than most.

 

What spreads can I expect with FreshForex?

You can expect spreads starting at 1.3 pips for the EUR/USD.

 

Does FreshForex charge commission?

Yes. The commission is charged with the ECN account, starting from 0.0030% for forex.

 

Is FreshForex regulated?

Yes. FreshForex is regulated by the FSA.

 

Is FreshForex a recommended forex trading broker for experts and beginners?

Yes. FreshForex caters to both beginners and experts.

 

What is the overall rating out of 10 for FreshForex?

7/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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