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FreshForex, an offshore-regulated broker mostly active in Russia and Asia, announced it is now accepting client deposits via Visa and MasterCard credit cards.
The accounts can be funded in USD without extra conversion. According to the broker’s site, the deposits are processed instantly. If the client has a FreshForex/MasterCard co-branded card and deposits in USD, the broker does not charge a commission. For deposits in RUB, EUR and USD with regular MasterCard and Visa, the client must pay a 2.5% commission, which FreshForex says will refund.
FreshForex also allows fund withdrawals in USD and EUR via Visa and MasterCard. They, however, require between one and five business days. The broker also charges a commission of 2,5% +7,5 USD/7,5 EUR.
FreshForex is the trading name of Riston Capital, which is headquartered in Russia and registered in St. Vincent and the Grenadines. It offer forex and contracts for difference (CFDs) trading services
FreshForex is a member of Russia’s commission for the regulation of relations on financial market, KROUFR. In the Russian market, the broker had a monthly trading volume of an average $3 billion in 2015 and about 7,800 active accounts.
The broker has also enabled Telegram traders to easily switch to another account.