FreshForex vs FXOpen 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 FreshForex and FXOpen
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 3.8/5 | 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 is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
FreshForex Review
FreshForex is a broker with rich experience in the market since 2004, and it has established itself as a stable and reliable partner. The broker offers a variety of trading accounts that can meet the needs of different categories of traders, including accounts with fixed and floating spreads and with market execution. An additional advantage is an extensive set of educational materials and analytics that can be useful for beginners and experienced traders.
However, there are significant disadvantages to consider. The lack of regulation by major financial institutions such as the FCA or ASIC can be critical for traders looking for maximum security for their funds. Also, the lack of a native mobile app can limit the ability to trade on the go, although this is offset by support for the popular MetaTrader 4 and MetaTrader 5 platforms. High trading commissions on ECN accounts can deter traders from seeking more favorable trading conditions.
Overall, FreshForex is suitable for traders who appreciate the variety of trading accounts and educational resources. The broker is especially ideal for those willing to accept some risk associated with the lack of regulation by reputable authorities.
Pros and Cons of FreshForex
Pros
- It has been on the market since 2004 and has established itself as a reliable and stable broker.
- Variety of trading accounts.
- Quality analytics.
- Extensive education program.
Cons
- Lack of regulation by major financial authorities.
- Absence of a mobile application.
- High trading fees.
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 has an offshore registration. There is also a lack of strict regulation, which raises concerns about reliability
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
The account opening process at FreshForex is simple and convenient.
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 variety of accounts to meet different needs, but lacks options for passive investing.
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
Commissions
| Broker | FreshForex | FXOpen |
|---|---|---|
| Commissions | 2.2/5 | 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 has higher than average market commissions, but does not charge for inactivity or deposits/withdrawals.
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.
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 | 115 | 553 |
| ETF | 7 | 56 |
| Cryptocurrency | 74 | 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.
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
Trading Platforms
| Broker | FreshForex | FXOpen |
|---|---|---|
| Rating | 4/5 | 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 | 3.5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Telegram
YouTube
VK
OK
Facebook
Twitter
LinkedIn
Whatsapp
InstagramFreshForex
FreshForex technical support offers a variety of communication channels, but the quality of service is inconsistent.
Pros
- Multiple channels of communication.
- Quick response in some cases.
Cons
- Inconsistency in service quality.
- Lack of 24/7 support.
FXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
