Incompetent Freshforex Brokers

I am writing this review on FreshForex which is a company offering currency trading and claims to be one of the top forex trading provider in russia and primarily operates under their official website freshforex.com and claims to be licensed by KROUFR, a financial regulator, who have swindled me of my money and fooled me about making a lot of profits through forex trading.

Through the opening of a real account to which the difference with the other accounts was not made any clear to me and made an initial deposit of $725. As soon as I made my first deposit, I was contacted by a broker and engaged me in a conversation to which the benefits of an actual broker is better than binary options and how I could earn more with a partner broker than just simply relying on the binary options platform. I saw this as a promising venture and made the initial $725 deposit a $1000 investment by depositing another $300 before I officially started trading.

After noticing that I was not receiving any bonuses at all and failing to withdraw any profit at a considerable amount, I stopped making deposits and just started demanding for even just half of my investment back when the broker I was keeping in touch with suddenly just left me with a clueless customer support assistant. By then I have lost around $600 more or less and was insisted upon making another deposit to meet certain “quotas” and reach specific amounts enough for me to make the withdrawal.

After several attempts in following up in getting back what was left most of my account and got endlessly asked for account details, repetitive demand for the account of my recent transaction, I decided just to leave Freshforex but start devoting my time to making sure everyone knows that it is better to not trade with Freshforex.com because they are a scam so this is just to remind and inform everyone of my bad experience and how my money was stolen for me by Freshforex.com.

 

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NEW SCAM ALERT: FreshForex

FreshForex which is a forex trading provider online to which I opened a classic account that offers a 1:1000 leverage. It claims to have been operating since 2004 so to say it has experience. Normally, when you type in a forex trading company or a site that offers binary options and other online trading services, information to whether a particular site is a scam or not will appear but apparently, FreshForex Brokers has new ‘fresh’ ways to steal your money and your investment and bring you no profits at all.

The classic account of other account types supposedly comes with the deposit commission where a commission charged to the account holder is given back for trading credit to the trader. The refunded commission fee originally charged under the initial deposit is to be refunded back to the client as a full trading deposit on his account. This was the case when I was assisted by one of their online brokers.

Fresh Forex offers no minimum deposit where you can trade basically from any small amount. I was able to deposit $650 and was surprised to be assisted then by a support assistant instead of the broker whom I talked prior to the deposit, through this assistance I was informed that no withdrawal can be made through the first deposit which I was shocked since this was not mentioned by the broker whom I talked with before. Through the support’s explanation, $100 out of my $650 deposit was placed as a commission fee for my broker and has been refunded through credits and cannot be withdrawn unless I make enough profits or make another deposit.

Although this came as a surprise, I let it go and went on with placing my trade and all and by the time I was able to see what little profits I have, I went on and deposited another $500 so that my withdrawal would be big enough to avoid any transfer fee. But upon trying to withdraw on the final trade I closed, my profits were all gone and was informed that my account was placed on hold due to a negative balance and was informed that I needed to deposit another $300 to make the withdrawal. This time around $200 was deducted as a commission fee for my trading account and has been converted yet to just trading credits which cannot be withdrawn unless another deposit has been made.

It was at this point that I realized that this was the Freshforex way of scamming people to where a lot may have not been able to realize in the first place. The process goes on and on from the first deposit to more deposits required until you actually have accumulated a huge profit enough to be sent back to you. This is their way of ripping people off and stealing their money without getting the suspicion of their clients.