Fondex Review
Fondex is a well-established broker since 2010. Fondex has headquarters in Cyprus and Seychelles. Fondex to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by CySEC 138/11 and FSA (Seychelles) 8424819-1.
Major Information
💲 Min Deposit $250
⚖ Max Leverage 1:30
💡 Min Position 0.01 lot
🌐 Website fondex.com
⌛ Year Established 2010
4.64/5
Company Information
Features
📁 Segregated accounts
Account Information
Apart from the forex demo account, this broker offers ECN. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Fondex is up to 1: 30. Meanwhile, you can open an account with a starting capital of $250.
Min Deposit
$250
Max Leverage
1:30
Spread
Variable
Commission
$2.50
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $250
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
💸 Commission $2.50
Instruments Traded
Besides lots of currency pair, Fondex also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes, ETF and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN account, Fondex specifically provides it with the following instruments and leverage:
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Fondex also provides payment with Tether (USDT), Litecoin, Ethereum, Crypto Cash, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Fondex offers you cTrader.
Customer Support
Do you have any question or find any trouble related to Fondex? If you do, you should reach Fondex's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Fondex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Fondex is a good broker for you or not by reviewing the criteria. In general, Fondex provides trading service in Forex , Gold & silver , Indexes , ETF and Crypto . As for the payment methods, you can choose between Wire transfer, Credit/debit cards, Crypto, Litecoin, Ethereum, Crypto Cash and Tether (USDT). The customer support is available via Email, Web form, Phone and Live chat.
The starting capital in Fondex is $250.
Fondex is regulated by CySEC 138/11 and FSA (Seychelles) 8424819-1. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Fondex is a brokerage company offering trading services for clients since 2010 with offices in Cyprus and Seychelles.
Jun 20 2023
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1 Comment
Eugene Gumede
May 17 2023
Fondex may not be the most famous company out there, but looking at its trading conditions you understand that it's the real deal.
The amount of instruments to trade on and robust trading platform makes it an amazing choice for any trader with any trading style.
Plus you get to utilize copy trading if you like. Lots of opportunities.