FreshForex logo
FreshForex Review
Traders Rating5 Votes3.3
Website: https://freshforex.com
Address: St. Vincent and the Grenadines Kingstown, Beachmont P.O. Box 1510, Suite 305 Griffith Corporate Centre
Phone: +442070992124
Company: Riston Capital LTD
Regulation: Not Regulated
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FreshForex Rating
Fresh Forex Warning
FreshForex is a Non-Licensed offshore broker! Your funds is not safe. We are not going to recommend FreshForex
Have You Been Scammed by FreshForex?

 

 

The Top Broker in Russia

 

FreshForex is among the Top Binary Brokers in Russia. The company was registered back in 2004 and is headquartered in St. Vincent. The company offers Forex and CFD products. Following, we are going to review this broker and see whether the complaints against it are justified or not. So, stay with us!

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Suspends Account

 

A Broker holds the right to suspend an account. But it must show cause. It can’t do anything without showing proper notice to the trader. However, some brokers suspend trader accounts without explaining.

FreshForex is among these traders. There are many complaints in the forex community against this broker that it suspended various user accounts without explaining. When an account is suspended, the broker usually keeps the balance. Yes, it doesn’t pay the original owner anything at all.

It keeps the current balance without justifying their action to the trader, the original owner. It is critical and confirms our suspicions that FreshForex is a fraud.

 

No Background

 

FreshForex doesn’t care to provide its users with any details about its parent company or work history. There is no information about the company, its inception, establishment, team, board, etc. Even though there is a dedicated About Us section on the website, you won’t find anything useful.

The About Us section is dedicated to the mission statement and various promises FreshForex makes to traders. It’s a cliché because almost every forex scam doesn’t mention anything important on their About Us. It keeps everything under wraps, so no one can trace the broker once the site is closed.

 

Slippage

 

Slippage is a trick used by brokers which prevents you from profiting. Slipping is changing the price once you take or close a position. Yes, When you proceed to buy and seal the deal, the price suddenly changes to something higher, and you forcefully enter a higher price than what you saw on charts.

It is a popular way of manipulating the market to milk profits out of the trader. Unfortunately, this is a widespread practice today, and brokers like FreshForex openly use it to their benefit. There is no way to avoid these scams. The best thing you can do in such cases is changing your broker.

 

Price Manipulation

 

FreshForex is guilty of Price Manipulation. This broker has manipulated its market ever since its inception.

There are proper benchmarks against which a broker sets its prices. This benchmark helps to regulate the real-time market prices. Every regulated broker must follow this benchmark. Unfortunately, most brokers in the forex marketplace are not regulated.

Even worse, most traders don’t search for a regulated broker before signing up. Unregulated brokers don’t follow these benchmarks and set their prices. These prices are skewed against the trader.

 

Conclusion

 

FreshForex has been in the marketplace for many years. It offers several attractive features, but we can’t recommend it to our readers because of its ultimately a fraud.  Yes, these features won’t do you any good because you will lose your money anyway.

 

 

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Online Trading Scams / 3 Responses / by

Post Author: ScamRecovery

3 thoughts on “FreshForex Review

  • Sibulele Mtimde

    (May 3, 2019 - 3:36 pm)

    FreshForex is a scamming company with misleading information, they advertise fake promotional bonuses to clients so they can scam them money.

  • al

    (June 3, 2020 - 4:14 am)

    i tried their 2020USD credit promo which is free and now i have negative -1900USD balance on some slippage. Am i liable to that?

  • Danijela

    (June 25, 2020 - 10:18 pm)
    4.2

    I don’t trade on bonuses that often as I see another opportunity to take advantage of FreshForex’s offer. Yes, it’s their weekly webinar that can get you better at trading and even in some cases, the experts can discuss the next trading opportunities for the next couple days

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