Fondex is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on shares, commodities, indices, ETFs. Fondex is a subsidiary company of TopFX Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. The broker charges for the currency pairs EUR/USD spread 1.7 pips*, real trading is possible with a minimum deposit of $250. The Fondex website is available in English, Italian, Spanish, French, Slovak, Vietnamese, Indonesian, Malaysian, Arabic, Thai.
What do we cover in our Fondex Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.Fondex.co.uk
- Leverage: up to 1:30
- Instruments: Forex, CFDs – Shares, commodities, indices, ETFs
- Minimum deposit: $250 (accounts held in EUR, USD, GBP, CAD, CHF, RUB, AED, BRL, CZK, MYR, PHP, RON, SAR, SGD, ZAR)
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard/Maestro)
Fondex Trading Platform
The broker features two trading platforms: Fondex cTrader Trade and Fondex cTrader Copy. The former platform is for manual trading while the latter is for copying other traders or strategies. Both platforms give access to over 1000 instruments.
As any other CFD broker, Fondex charges a spread fee. For the most current spread charges, please visit the Fondex.co.uk website. Here is a spread comparison table that contrasts Fondex spreads with popular industry competitors.
*Spreads recorded on 16.10.2019 at 20:27 GMT. Data about spreads were taken from the website of the broker (when clicked on details of each currency pair). **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.
TopFX Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 138/11.
The CySEC regulation gives Fondex the right to provide cross-border services to other members of the European Economic Area.
Advantages and disadvantages
Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Fondex.
- over 1 000 assets
- Multilingual support
- No MT4
- No CFDs on cryptocurrencies
To sum up the Fondex Review
Fondex adheres to strict regulatory guidelines of the CySEC. The number of available assets at Fondex is quite attractive – over 1 000. Unfortunately, there are no CFDs on cryptocurrencies. Spreads that the broker charge are a bit worse than average for the FX industry. The company features a free demo for practice trading.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with Fondex.
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