Fret Forex Trading has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from Fret Forex Trading was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I retired last year of being strung along.
Pros: Responsive team|Clean UI
Cons: No crypto staking|No live chat on mobile
After using Fret Forex Trading for the past six months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Automated trading options|Clean UI|API access|Tax reports included
Cons: No live chat on mobile|Spreads widen during volatile periods
Fret Forex Trading offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Comprehensive tools|Customizable dashboard|Risk management tools|Good mobile app
Cons: Withdrawal takes 1-2 business days|Nothing significant
The onboarding at Fret Forex Trading was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Detailed reporting|Full transparency|Personal attention|Segregated accounts
Cons: Limited social trading features|Limited ETF selection