FBS vs FreshForex Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FBS and FreshForex
| Broker | FBS | FreshForex |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 2007 | 2003 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:3000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FBS Review | FreshForex Review |
FBS is suitable for beginners thanks to educational materials, as well as for experienced traders who value MetaTrader and reliability.
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
FBS Review
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
FBS is in the top 10 of the following ratings:
FreshForex Review
FreshForex is a broker with a long history in the market, a wide selection of trading accounts, high leverage, and an affordable minimum deposit. It is suitable for active traders who value flexibility in choosing trading instruments, are interested in high-risk strategies, and are willing to work with an offshore company without licenses from leading global regulators. Thanks to the availability of a demo account, a variety of analytical materials, and training courses, FreshForex may also be of interest to novice traders who want to hone their skills without making large investments.
Pros and Cons of FreshForex
Pros
- Extensive experience (since 2004)
- High leverage up to 1:2000
- Minimum deposit from $25
- Wide selection of currencies and cryptocurrencies for accounts
- Various analytical and educational materials
Cons
- No licenses from reputable regulators
- High spreads and commissions on a number of instruments
- No PAMM accounts or copy trading
- No online chat or support via messengers
FreshForex is in the top 10 of the following ratings:
Reliability
| Broker | FBS | FreshForex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2007 | 2003 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Saint Vincent and the Grenadines |
| Regulators | BFSC BFSC CySEC CySEC ASIC ASIC FSCA FSCA | SVGFSA SVGFSA |
FBS
FBS is a reliable and regulated broker, overseen by several international bodies, ensuring client security and transparency.
FreshForex
FreshForex does not have licenses from leading global regulators, which increases the risks for clients. It operates in an offshore jurisdiction, so the level of investor protection is limited.
Pros
- Long-standing presence on the market (since 2004)
Cons
- Lack of regulation by authoritative bodies
- Limited legal protection for clients
Account Opening
| Broker | FBS | FreshForex |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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FBS
The account opening process at FBS is fast, clear, and relatively simple, although the verification procedure may take some time.
FreshForex
Opening an account with FreshForex is quick, with detailed verification and a wide selection of currencies, including cryptocurrencies. The minimum deposit of $25 makes the broker accessible to most traders.
Pros
- Quick registration and verification
- Minimum deposit of $25
- Large selection of currencies and cryptocurrencies for accounts
Account Types
| Broker | FBS | FreshForex |
|---|---|---|
| Account Types | 3/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:3000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FBS
FBS offers only one trading account but with additional services.
Pros
- Availability of demo accounts for practice.
- The possibility of automated trading.
Cons
- Lack of investment accounts (PAMM, copy trading).
- Insufficient variety of trading accounts.
FreshForex
FreshForex offers a wide range of accounts, including ECN, cent, and Islamic accounts, as well as a demo account. However, the lack of PAMM and copy trading limits the options for passive investors.
Pros
- A variety of accounts for different levels of traders
- Islamic accounts and demo accounts are available
Cons
- No PAMM accounts or copy trading
Commissions
| Broker | FBS | FreshForex |
|---|---|---|
| Commissions | 3.5/5 | 3.2/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.8 |
| Commission per Lot | $3.3 |
FBS
FBS's commissions are average for the market.
Pros
- Low spreads.
Cons
- Possible withdrawal fees in the absence of trading activity.
FreshForex
FreshForex's commissions are above average, especially for certain currency pairs, but the absence of inactivity fees and a unique cashback program partially compensate for this drawback.
Pros
- No inactivity fees
- No deposit/withdrawal fees
- Cashback program with different refund schemes
Cons
- High spreads and swaps
- Commissions on some pairs are above average
Deposit and Withdrawal
| Broker | FBS | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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FBS
FBS offers many deposit and withdrawal methods with high flexibility and accessibility.
FreshForex
FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.
Pros
- No commission for deposits/withdrawals
- Support for cryptocurrencies and e-wallets
- Fast processing of requests
Markets and Products
| Broker | FBS | FreshForex |
|---|---|---|
| Markets and Products | 4/5 | 4/5 |
| Forex | 43 | 52 |
| Precious Metals | 8 | 13 |
| Energy Carriers | 3 | 3 |
| Indices | 11 | 12 |
| Stocks | 480 | 133 |
| Cryptocurrency | 5 | 71 |
| ETF | - | 7 |
FBS
FBS provides a broad spectrum of trading assets, albeit with a limited selection of stocks and cryptocurrencies.
FreshForex
FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.
Pros
- Large number of currency pairs
- Wide selection of cryptocurrencies
- High leverage up to 1:2000
Cons
- No soft commodities or bonds
- Average number of CFDs on stocks
Trading Platforms
| Broker | FBS | FreshForex |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Trading Platforms |
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FBS
FBS has a wide choice of trading platforms, meeting the needs of different traders.
FreshForex
FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.
Pros
- Access to MT4 and MT5, proven platforms.
- A large arsenal of indicators and tools.
- Versions for PC, MacOS, iPhone, Android, and Web.
Cons
- Lack of proprietary or alternative platforms.
- May be complex for beginner traders.
Analytics
| Broker | FBS | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
FBS
FBS offers extensive and high-quality analytical tools that contribute to effective trading.
FreshForex
FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.
Pros
- Daily forecasts and Forex analytics.
- A variety of analysis methods.
- Additional tools such as a calculator and economic calendar.
Education
| Broker | FBS | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
FBS
FBS provides comprehensive educational materials suitable for traders at all levels.
FreshForex
FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.
Pros
- A variety of educational materials and courses.
- Free webinars and consultations with experts.
- A comprehensive glossary of Forex terms for beginners.
Cons
- Lack of advanced courses for experienced traders.
Customer Support
| Broker | FBS | FreshForex |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
Viber
Line
Telegram
Whatsapp
Facebook
Instagram
YouTubeFBS
The technical support of FBS operates 24/7, is multilingual, and offers prompt problem resolution.
FreshForex
FreshForex's technical support is competent and responsive, but the lack of online chat and messengers slightly reduces the convenience of communication.
Pros
- Quick response to tickets and calls
- Polite and qualified staff
Cons
- No online chat
- No support via messengers
