Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
Fake broker FreshForex – company review, search for reviews, scam algorithm
FreshForex is a brand managed by the international company Riston Capital Ltd., registered by the Financial Services Authority of Saint Vincent and the Grenadines, even with registration number 20623 BC 2012. Since its founding in 2004, FreshForex has been steadily operating in the Forex market, providing access to online trading for clients from more than 200 countries.
The main goal of FreshForex is to provide traders with effective and innovative solutions for trading on the global foreign exchange market. The company strives to ensure 100% protection of the interests of each trader, working with licensed liquidity providers and advanced data protection systems. FreshForex offers a wide range of trading instruments including cryptocurrencies, stocks, indices, metals and ETFs.
|Year of foundation
|Regulation and jurisdiction
20623 IBC 2012
A fraudulent broker who deceives gullible users out of money.
Saint Vincent and the Grenadines
Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510
- Low spreads
- Large selection of tariffs
- Loyal requirements for account replenishment
- No license
- Fraud allegations
- No withdrawal of money
|Types of accounts
Classic, Market Pro, ECN
EUR, USD, BTC, RUB
Neteller, ADVCash, FasaPay, Skrill, Perfect Money, Webmoney, Visa, MasterCard, Yandex.Money
Currency pairs: 52 currency pairs
Stocks: 122 stock picks from the best companies around the world
Commodities: metals, energy
Market Execution (NDD)
Low deposits with better quote accuracy
|Bonuses and competitions
Cashback, 101% for drawdown, 300% for each replenishment, Stop-out insurance
The company offers 270 tools in its trading arsenal. Zero spreads on professional ECN accounts and no commission for replenishing a trading account. Lightning-fast execution of orders without requotes. More than 1000 articles on current topics in the unique encyclopedia for traders CleverFX. There are plenty of big statements on the official website regarding what customers can expect.
Regulation and safety
FreshForex emphasizes its commitment to safety and reliability by using licensed European liquidity providers and banks. The company also ensures the protection of user personal data in accordance with the GDPR regulations and uses an SSL certificate for secure information transfer.
But the problem is that if you open the “Legal Information” section, there is no information in it. The section is empty. The footer only contains the address of the office and, apparently, registration.
If you have previously been in search of a reliable partner for cooperation, then most likely you have seen an identical location in the rating of brokers of the company – Suite 305, Griffith Corporate Center, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines. An offshore zone and this address is favored by dozens of scammers. And FreshForex decided not to come up with something new, but chose this address and that’s it.
Of course, it was not possible to find evidence of licensing. The Central Bank of the Russian Federation does not know anything about the functioning of the project. It turns out that the company provides services in Russia illegally. At the same time, he continues to talk about reliability.
Format of communication with FreshForex
The following communication methods are available to contact FreshForex customer support:
- online chat. In reality this is a bot;
- telegram channel, also a bot;
Apparently the company plans to stay as far away from customers as possible and not make contact.
Terms of cooperation with FreshForex
The organization offers three main types of trading accounts:
- Classic. Minimum deposit $10. Quotation accuracy: 4/2 digits. Fixed (from 2 points). Leverage: 1:25 – 1:2000. There are no commissions;
- Market Pro. Minimum deposit $10 (recommended from $400). Quotation accuracy is 5/3 digits. Floating (from 0.9 points). Leverage: 1:25 – 1:1000. Commission from 0.003% per contract;
- ECN. The starting amount is from 10 dollars, it is recommended to invest from 2 thousand dollars. Quotation accuracy: 5/3 digits. Spreads are low. Leverage 1:25 – 1:1000. Commission from 0.003% per contract.
There is a wide range of available tools. Currency pairs, precious metals, cryptocurrencies and more are available. It is even possible to trade over the telephone.
Additionally, the company offers promotions and bonuses. Includes Cashback, 101% for drawdown, 300% for each replenishment, insurance against stop-out. The problem is that the organization does not disclose information about what processing conditions await clients. Thus, the FreshForex organization creates the foundation for further manipulation of clients and blocking of their accounts.
FreshForex scam scheme
Here we need to start with the fact that the activities of FreshForex are not regulated by anyone. Accordingly, the service can act as it wishes. If we talk about the fraud algorithm, it is based on the following stages:
- problems with order execution. Users note problems such as regular requotes and slippages, as well as long order execution times, which can negatively affect trading;
- delays in withdrawal of funds. Some traders report delays in withdrawals, sometimes up to three months, causing inconvenience and anxiety;
- quality of customer service. There are complaints about the quality and speed of the support service, especially after making a deposit;
doubts in reviews. Users indicate the presence of a large number of custom reviews, which makes it difficult to obtain an objective picture of the broker’s work;
- limited trading opportunities. The lack of cryptocurrency trading tools and investment programs may be a drawback for some traders.
In general, the freshforex.org service is no different from other scammers. The work is based on a classic scheme that brings scammers money for a long time.
The office will not be able to guarantee you stability and maximum security. Scammers do not stop there, but launch new projects and tricks. If you transferred money to scammers, study the chargeback details. If you have questions, write to us so that consultants can provide support in the procedure.
FreshForex, a fake company that claims to have been providing services since 2004. In reality, we have a service that has been operating relatively recently, which gives preference to private rebranding of the site. The organization was registered in Saint Vincent and the Grenadines. Bright website, excessively large amount of information on the portal, additional bonuses, affiliate program. Everything is done to attract attention; in reality, we are dealing with scammers operating without a license.
Freshforex - reviews of deceived investors
We have a truly recognizable brand, so there were no serious problems with finding information. There are plenty of comments, both real and custom. Please note that the company tries to cover up the negative feedback, of which there is plenty, with purchased responses.
In most cases, ex-clients are faced with a lack of withdrawal of money and slowdown of the terminal. There are users who understand that Forex Fresh cuisine.
Forex Fresh managers lure clients with wonderful conditions and rewards. The users themselves do not deny this, but after replenishing the account, difficulties begin. Employees simply stop making contact.
The company tries by any means to force the client to agree to receive bonuses. These bonuses are then used as an excuse to further manipulate the client.
There are those who like low spreads. At the same time, do not forget that the organization provides services without licensing.
FreshForex has been operating for about 15 years, which indicates its stability in the market. However, if we take into account the facts obtained and reviews from ex-users, it is not worth registering a FreshForex personal account. Because the company provides services illegally, violating the prescribed norms and rules. The management of the service manipulates trading conditions without specifying specifics, offers bonuses without disclosing how they will be worked out. So it is quite natural that FreshForex takes a place on the blacklist.
Ready to start investing? Open an account with a proven broker with the best conditions and favorable bonuses
The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about FreshForex are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
C.K.Expro crypto exchange review – reviews from real clients, signs of fraud, scam scheme
An anonymous sharaga drains user deposits, refuses to withdraw deposits, blocks accounts, removes hidden […]
WhiteBit – reviews of the project, conditions for earning and withdrawing money
The whiteBit crypto exchange has been providing its services for just over five years. […]
What Scam Did the Opera System Invent? – Reviews from People Attempting to Withdraw Their Money
Opera System offered signals and a robot for automated income through speculative trading and […]
Successful Diamond Investment: Smart Capital Allocation and Avoiding Fraudster Tricks
Diamonds, the most expensive natural gemstones, are in demand for long-term investments. Their popularity […]