FreshForex vs FXOpen Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FreshForex or FXOpen?
Our pick: FXOpen
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - FXOpen looks preferable to FreshForex.
FXOpen scored 4.3/5 and ranks 29 in our all Forex brokers list, whereas FreshForex has 4.1/5 and ranks 35.
This is not financial advice. See the full comparison below.
Who is FreshForex suitable for?
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
Who is FXOpen suitable for?
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Comparison Table of FreshForex and FXOpen
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 4.1/5 | 4.3/5 |
| Foundation Year | 2003 | 2004 |
| Regulated in Countries | Saint Vincent and the Grenadines | United Kingdom, Cyprus, Australia |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FreshForex Review | FXOpen Review |
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:
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen is in the top 10 of the following ratings:
Reliability
| Broker | FreshForex | FXOpen |
|---|---|---|
| Reliability | 3/5 | 5/5 |
| Foundation Year | 2003 | 2004 |
| Regulated in Countries | Saint Vincent and the Grenadines | United Kingdom, Cyprus, Australia |
| Regulators | SVGFSA SVGFSA | - FCA FCA CySEC CySEC ASIC ASIC |
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
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
Account Opening
| Broker | FreshForex | FXOpen |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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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
FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
Account Types
| Broker | FreshForex | FXOpen |
|---|---|---|
| Account Types | 4.5/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
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
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
Commissions
| Broker | FreshForex | FXOpen |
|---|---|---|
| Commissions | 3.2/5 | 3/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.8 | 1.2 |
| Commission per Lot | $3.3 | $3.5 |
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
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
Deposit and Withdrawal
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 5/5 | 4.2/5 |
| Account Funding Methods |
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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
FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
Markets and Products
| Broker | FreshForex | FXOpen |
|---|---|---|
| Markets and Products | 4/5 | 4.6/5 |
| Forex | 52 | 66 |
| Precious Metals | 13 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 12 |
| Stocks | 133 | 553 |
| ETF | 7 | 56 |
| Cryptocurrency | 71 | 41 |
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
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
Trading Platforms
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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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.
FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
Analytics
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 5/5 | 4/5 |
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.
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
Education
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 5/5 | 2/5 |
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.
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
Customer Support
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Telegram
YouTube
Facebook
Twitter
LinkedIn
Whatsapp
InstagramFreshForex
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
FXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
Comparisons of FreshForex and FXOpen with other brokers
Conclusion
FXOpen stands out as the better overall pick, while FreshForex trails on aggregate criteria.
FXOpen scored 4.3/5 and ranks 29 in our rating; FreshForex has 4.1/5 and ranks 35.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FreshForex or FXOpen?
FXOpen comes out ahead by overall rank (score 4.3/5, position 29) versus FreshForex (score 4.1/5, position 35).
Which broker is better for beginners: FreshForex or FXOpen?
FXOpen is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FreshForex or FXOpen?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FreshForex and FXOpen?
FreshForex: MetaTrader 4, MetaTrader 5. FXOpen: MetaTrader 4, MetaTrader 5, TickTrader, TradingView. See the “Platforms” section for details and selection tips.
What markets can you trade with FreshForex and FXOpen?
FreshForex: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. FXOpen: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FreshForex and FXOpen?
FreshForex: Classic, Market Pro, ECN, Classic.Cent. FXOpen: STP, ECN, Micro, Crypto. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FreshForex and FXOpen?
FreshForex: WebMoney, Volet, SticPay, M-Pesa, Bank Transfer, Visa, Mastercard, Мир, Online banking. FXOpen: WebMoney, Volet, FasaPay, Visa, Mastercard, JCB, Discover. Check method-specific fees/settlement times.
Which broker is safer — FreshForex or FXOpen — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
