FOREX.com 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 FOREX.com and FreshForex
| Broker | FOREX.com | FreshForex |
|---|---|---|
| Rating | 4.1/5 | 4.1/5 |
| Foundation Year | 2000 | 2003 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | Saint Vincent and the Grenadines |
| Minimum Deposit |
|
|
| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | FOREX.com Review | FreshForex Review |
FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
FOREX.com Review
FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.
Pros and Cons of FOREX.com
Pros
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com 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).
- 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 | FOREX.com | FreshForex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2000 | 2003 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | Saint Vincent and the Grenadines |
| Regulators | CIMA CIMA FCA FCA CIRO CIRO CySEC CySEC NFA NFA CFTC CFTC SFC SFC JFSA JFSA MAS MAS ASIC ASIC | SVGFSA SVGFSA |
FOREX.com
The company is strictly regulated, has a long-standing market presence, and is open to investors.
Pros
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
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 | FOREX.com | FreshForex |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
|
|
FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
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 | FOREX.com | FreshForex |
|---|---|---|
| Account Types | 3.5/5 | 4.5/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- No options for passive investing.
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 | FOREX.com | FreshForex |
|---|---|---|
| Commissions | 2.2/5 | 3.2/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.3 | 1.8 |
| Commission per Lot | $6.48 | $3.3 |
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
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 | FOREX.com | FreshForex |
|---|---|---|
| Rating | 4.3/5 | 5/5 |
| Account Funding Methods |
|
|
FOREX.com
FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.
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 | FOREX.com | FreshForex |
|---|---|---|
| Markets and Products | 4.5/5 | 4/5 |
| Forex | 91 | 52 |
| Precious Metals | 16 | 13 |
| Energy Carriers | 14 | 3 |
| Soft Commodities | 22 | - |
| Indices | 54 | 12 |
| Stocks | 5500 | 133 |
| ETF | 318 | 7 |
| Bonds | 14 | - |
| Cryptocurrency | 12 | 71 |
FOREX.com
Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.
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 | FOREX.com | FreshForex |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Trading Platforms |
|
|
FOREX.com
FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.
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 | FOREX.com | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
FOREX.com
Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.
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 | FOREX.com | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
FOREX.com
FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.
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 | FOREX.com | FreshForex |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
Facebook
Twitter
YouTube
TelegramFOREX.com
FOREX.com provides excellent technical support with fast and professional service, available 24/7.
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
