Forex Financial Services
FreshForex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while FreshForex was established in 2004 and is based in Russia. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while FreshForex is regulated by SVGFSA 20623 IBC 2012 among others. Forex Financial Services serves 10,000+ clients worldwide; FreshForex has 710,000+. The minimum deposit is $2500 at Forex Financial Services and $1 at FreshForex.
| Feature | Forex Financial Services | FreshForex |
|---|---|---|
| Min. Deposit | $2500 | $1 |
| Regulation | Australian Securities and investment Commission (ASIC) | SVGFSA 20623 IBC 2012 |
| Founded | 2008 | 2004 |
| Country | Australia | Russia |
| Clients | 10,000+ | 710,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and FreshForex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; FreshForex does not. Overall, FreshForex scores higher on fees in our assessment.
| Feature | Forex Financial Services | FreshForex |
|---|---|---|
| Min. Deposit | $2500 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while FreshForex supports MT4, MT5, a proprietary platform. Forex Financial Services offers a mobile trading app; mobile availability for FreshForex is limited. Both brokers support copy or social trading, catering to less hands-on investors. Forex Financial Services edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex Financial Services | FreshForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4 | MT4, MT5, Windows, MAC, Linux |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and FreshForex compare. FreshForex runs regular live webinars; Forex Financial Services does not. FreshForex has a video library; Forex Financial Services does not. FreshForex publishes daily market commentary; Forex Financial Services does not. FreshForex maintains an archive of past webinars for on-demand viewing. FreshForex scores higher overall in education and research.
| Feature | Forex Financial Services | FreshForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FreshForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | Forex Financial Services | FreshForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Forex Financial Services and FreshForex offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services supports 2 languages and FreshForex supports 1, giving Forex Financial Services broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | FreshForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |