Another exotic broker… :S Why don’t we all go for the big four so that they have good liquidity. 
As I see it appears to be a russian broker with its seat on st vincent. They don’t tell if they are regulated (I didn’t see it) only that they paid all their fees to the comercial registar of St Vincent.
Everything is free or cheap. They charge below standard commisions for ECN (Where do they pay those commissions from). How do they earn money, or do they get it from you without you knowing?
Sounds all fishy to me.
St Vincent will not save you when your money disappear…next!!
Its website (TradeWiseFx) looks quite similar to Tickmill’s, but find specifications is almost impossible there. ‘Spreads from 1.2 on Calssic account’ - well, it’s not enouth to me.
i been been holding on to reviews since last early last year, hymarkets, 3tg and freshforex were part of my option of good broker not better. i started with hymarkets and the only thing i hate about them is i can’t play pending orders as they have stupid rules as regard their pending orders also you can use EA, everything is tunred off. sometimes they even freeze my trade mostly during news. it’s pretty weird though.
i don’t have a prob with freshforex, yet to find one though and indeed i can say they are much better to hotforex and hymarkets.
Did you have any problem with 3tg broker? Can you share?
nothing so much. they are good as well. you can’t have a perfect broker, they are all thieves and all after their own interest. so, you can simply ignore their flaws then continue your trade or stick with their flaws then blame them for any loss you make.
To be honest I have not seen Tickmill’s website so I don’t know much about similarity but really does not matter anyway. I guess they also have ECN Pro account in case you don’t like paying 1.2 pips spread, but honestly 1.2 pips is hardly much if you are even a half-decent sort of trader, but I must accept that I am also using ECN account where it’s zero spread.
I just check the FreshForex website to find out if they are regulated as you have said, if you check the bottom of the website, you’ll notice they’ve indicated they’ve indicated that FreshForex is regulated by CRFIN.
CRFIN is some Russian fake regulator established by brokers themselves just to throw dust in your eyes. When you don’t have money to make normal license you’re seeking some roundabout ways like freshforex. When choosing a broker to trade with at least choose some government type regulator, for example Hotforex with CySec license.
Yeah but sober reflection says it’d better to try with regulated broker, at least you’re protected against scam, some of them like CySEC have rescue fund for traders, so I’m not worried when work with brokers like Hotforex or FXCM.
I thought CySec didn’ t had a rescue fund. I checked in more detail, they actually have a fund. I haven’ t read the document, maybe there are some catches in there, but here it is: http://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=971d4e0b-326b-4db1-b155-28a9f98af927
Yeah its up to 20 000 EUR with Hotforex so I think I can feel safe with them.
OK. You don’t pay spread on ecn, but you pay the commission and it can be bigger than spread. Or TradeWiseFx doesn’t have commission as well? It’s a completely free broker?
I am new to FreshForex, I have just a two month old account with them. I hope I’ll enjoy my trading with them!
So its 20k protection also with FreshForex right?
IDK check their legal stuff, there should be provision on the case they go bust. Cyprus regulated brokers, providing that they fully comply with regulator rules, are eligible for rescue fund I guess.
FreshForex is a good broker I am impressed with their client support . they are working good in forex trading business. specially account set up is fine for beginners. Feel good with FreshForex
I am searching for a reliable broker with easy deposit and withdrawal methods.How long have you been trading with them?They are located in Cyprus?
I don’t think any broker our there refund you you money when you loose money while trading. Its the job of trader to came up with an effective risk management strategy, otherwise, you;ll loose and begin to blame the broker. I think to protect their traders freshForex has reduced their spreads to almost zero, but even with that, traders need to protect their money themselves!