Based in Seychelles and Cyprus, Fondex is an established trading broker that provides clients with the cTrader trading platform for trading forex, indices, shares, metals energies, ETFs, and cryptocurrencies. They also have a good range of useful trading tools and educational materials.
The broker offers competitive trading conditions, such as rapid trade execution and tight spreads starting from 0.0 pips. Little wonder it has been recognized with several industry awards including ‘The Best cTrader Broker’ at the Forex Awards 2020, and the ‘Best Trade Execution”, awarded by WorldFinance, among others.
Fondex Review Introduction
In this Fondex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Fondex.
Fondex Platforms & Tools
Fondex provides traders with the cTrader, which is developed to provide traders with optimal execution speeds and satisfy even the most demanding trader. The platform is powerful for manual trading. It allows traders to access the markets using three major functionalities namely: ‘Trade’, ‘Automate’, and ‘Copy’.
The cTrader platform is available as a desktop application for Windows and Mac computers, a web trading terminal that runs directly on most modern web browsers, and mobile apps that are compatible with Android and iOS devices. The mobile apps can be freely downloaded from the relevant app stores and are beneficial to traders who wish to place and manage their trades on the go.
Fondex has a range of trading tools to assist traders in making their trading decisions. They include daily signals from Trading Central and in-depth market analysis from Autochartist.
Fondex Research & Education
The broker provides traders with a vast array of educational resources to improve their clients’ overall trading skills and knowledge, as well as updates them about the factors that move the markets. The educational resources include News and Webinars, Educational Articles that cover a range of trading topics, and an FAQ section that answers some common trading.
Fondex Trading Accounts
Fondex offers a single trading account: it features competitive trading account conditions, multiple options for standard and advanced order management, raw interbank spreads, and dynamic commissions starting from $2.5 per lot. Over 1000 instruments can be traded on the trading account, and it requires no minimum deposit to start trading.
Demo accounts are also available; they are recommended for beginner traders who wish to test their strategies with virtual funds before opening a live trading account.
Fondex Account Funding
The broker allows the following payment options for account funding and withdrawal: Bank Transfer, Credit/Debit (Visa, MasterCard, and Maestro), and e-Wallets, such as WebMoney, Multi Banco, GiroPay, Sofort, Euteller, Przelewy, and more.
Some payment methods may be available to specific counties, whereas the transaction limits, fees, and processing times may vary with the payment provider.
Fondex Customer Service
The broker provides prompt customer support services via telephone, email, and online live chat 24/5. The team is also available on selected social media platforms.
Fondex is a trading name of TopFx Ltd, which is registered as Cyprus Investment Firm (CIF) with registration number HE 274180. The broker is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11, and they must comply with the Markets in Financial Instruments Directive (MiFID).
Fondex Limited is a company registered under the Laws of Seychelles and is licensed by the Financial Services Authority (FSA) of Seychelles with a Securities Dealer license number: SD037.
Fondex Review Summary
Fondex is a regulated online broker that offers over 1,000 instruments for online trading via the cTrader trading platform. There is also a good range of useful trading tools and educational resources to aid traders of all experience levels.
It is worth mentioning that some of the trading products and services in this Fondex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Fondex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.