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FreshForex offers a wide variety of deposit and withdrawal options for their clients, making it easier to manage account funds. Here's a detailed guide for you.
Any trader needs a broker with reliable deposit and withdrawal. How so? The reason is pretty obvious. Before you can trade, you need to fund your account. And at some point, after you gained enough profit, you would wish to withdraw from your account. This is why being able to manage account funds effectively is incredibly crucial for traders.
FreshForex is one of the brokers in the market that provides seamless deposit and withdrawal options for clients. The company believes that all clients must be able to experience safe and easy deposits with short waiting time.
FreshForex offers more than 20 methods to make deposits and withdrawals. This includes:
- Bank Cards (Visa/Mastercard)
- Neteller
- Skrill
- WebMoney
- FasaPay
- ADVCash
- Perfect Money
- Transfer Kilat
- Express Payment
- Cryptocurrencies
- Internet banking for traders in Malaysia, Philippines, Indonesia, Vietnam, Thailand, and Nigeria
- Local depositors in Africa, Asia, and Latin America
By offering a variety of choices, FreshForex gives you the freedom to choose the method that's most convenient for you. Just remember that every method offers different conditions, so make sure to check on the details before making any transaction.
How to Make a Deposit in FreshForex
FreshForex has a low minimum deposit of only 10 USD/EUR. This makes it an attractive option for traders who want to start small and gradually develop their account balance over time. Here's the guide to start making deposits in FreshForex.
- Open FreshForex official website and log in to your secure client area. Then, click the "Deposit" button.
- Select your preferred deposit method and specify the rest of the details such as the deposit amount, deposit currency, etc. Press "Deposit" to proceed to the next step.
- The system will automatically take you to the payment provider page. In this step, you need to confirm the payment by simply following the guide on the screen. Please note that if it's your first deposit and you choose to deposit via credit card, FreshForex will ask you to verify your card first.
- You will be redirected back to FreshForex deposit page. After the transaction is successful, the money will be reflected in your trading account.
- You can see your deposit details under the "Transaction History" tab in your client area.
It is worth noting that no fees are charged for making deposits in FreshForex. However, the payment provider or corresponding bank may charge their fees.
How to Withdraw Money from FreshForex
The minimum withdrawal in FreshForex starts from 5 USD/EUR. Here's the guide to start processing withdrawal from FreshForex.
- Head over to your secure client area and select the "Withdrawal" tab.
- In this step, you need to determine your withdrawal method. Keep in mind that you can only use the same withdrawal method and the same bank account used for deposit.
- Click the "Get Password" button next to the SMS field to get a confirmation password sent to your cell phone. Then, enter the password and click "Create Application".
- Next, you will see a message on the screen confirming that your request has been created. After some time, the funds will be deducted from your FreshForex account and returned to your bank account.
- FreshForex will send you an email notification upon the processing of your withdrawal request.
Please note that the withdrawal process may take some time to complete (usually up to several business days). Instant withdrawals are processed within 10 minutes, but some payment methods like bank transfers may take longer. You can track the progress of your request in your client area. Once the transaction is successful, the status will be changed to Completed.
It is possible to cancel a withdrawal request as long as it hasn't been processed. To do so, simply click "Cancel" next to the request that you wish to cancel in the table "Transactions with Account" > "Withdrawal" > "The List of Application for withdrawals" from the account.
FreshForex is a forex and CFD brokerage offering a wide range of trading products, including stocks, cryptocurrencies, FX, and commodities. The broker is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. As a global company, FreshForex has acquired a clientele of more than 10,000 traders from 153 countries since its founding in 2008.
5 Comments
Fariza
Oct 30 2023
"If it's your first deposit and you choose to deposit via credit card, FreshForex will ask you to verify your card first." I'm still pretty confused about this statement. Does this mean I need to upload my personal documents twice or are those actually the same process? Do I have to do this every time I want to use a new card to fund my account? Sorry for asking too much, I need to know how it works because credit card is the only payment that I have right now, and the easiest one to use in my country as well.
Jimmy K.
Oct 31 2023
Card verification and account verification are two different things. The former is used to verify your credit card, to make sure that it's yours and in your name, whereas the latter has a purpose of verifying your identity as a new client. You may already know that account verification requires you to upload certain documents like passport, etc. During card verification, however, you simply need to provide your card information and confirm your ownership with the card issuer. It's quite a simple process and you only have to do it once. The next time you make a deposit, you can just select your card from the list.
Agustina
Oct 31 2023
Here, let me briefly explain the steps to make it easier for you:
1. Sign in to your client area and go to the deposit page.
2. In the "Deposit Method", select credit card, then select the details of your deposit such as the amount, card number, cardholder name, and so on.
3. If you haven't verified your card, the system will take you to the card issuer page. You'll need to enter the following data: card number, expiry date, country, postal code, email, phone number, and CVV number.
4. During this process, around 1-3 USD will be blocked from your card. Don't worry, after the verification is done, the blocked amount will be returned to your account.
5. Back on the broker's website, enter the amount of blocked funds in cents and choose the right currency of the blocked amount.
That's it really. You can then continue with the deposit process. If you fail to enter the correct information, the verification process will be cancelled and the blocked amount will be returned to your account and you'll need to start from the beginning.
Taraka
Oct 31 2023
In this article, you mentioned about the various options of funding methods. Personally I think it's great that FxGrow offers such flexibility in terms of account funding. However, I must say I'm not very familiar with any of these options, except for bank transfer. I would appreciate it if someone could explain the pros and cons of these methods, at least the most popular ones, and perhaps recommend some options for me. Also, I'd like to know if this method will affect the minimum deposit or not. Thank you for the help
Chika
Oct 31 2023
Generally speaking, bank cards are the most popular methods among traders. This is due to the high convenience and instant processing time. If we think about it, most people have at least one debit/credit card these days and it's just easier to use the card to make various online transactions. However, credit cards usually come with additional fees, so please check the tariffs with your bank first. E-wallet is also a good option if you have one. Your request will be processed instantly and usually the service fee is low. Just make sure that it's available in your country.
So, those two are my recommendations for you although at the end of the day, it's best to choose based on your needs instead of choosing a method that everyone uses. And no, I believe the minimum deposit in FreshForex is the same across all live accounts, so it doesn't matter which funding method you pick.