Fondex Review
Fondex is a trade name of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11. With more than 1000 instruments across 7 asset classes, Fondex allows investors to create a well-diversified trading portfolio. Fondex cTrader offers the opportunity to trade in four different ways - manually, copying other traders’ strategies, using cBots and following signals from Trading Central and Autochartist - making it the ideal platform for both experienced traders and beginners. Spreads start from 0.0 pips and Fondex charges the lowest cTrader commissions globally on Forex, Energies and Precious Metals. Additionally, Fondex secures its clients’ funds by keeping them in Tier-1 segregated accounts, while also offering them Negative Balance Protection.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.12% 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.
Typical Spread on Majors
| EUR/USD | 0.3 |
| GBP/USD | 0.7 |
| USD/JPY | 0.5 |
- Company Info
| Headquarters | Limassol, Cyprus |
| Type of Broker | Market Maker & STP & ECN/STP |
| Founded | 2017 |
| Regulated By | Regulated By CySEC (Cyprus) |
| Offices In | Cyprus |
| Supported Languages | Arabic, English, French, Greek.Russian |
| ESMA Regulated? | This broker is regulated within the E.U and issubject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
| Account Currencies | AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, USD, RUB, THB |
| Minimum Deposit | $0 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Anyone |
| ECN / STP Accounts Offered | Yes |
| Commission on STP or ECN | $25 per million (per side) |
| VIP Accounts Offered | No |
| Mini Accounts Offered | No |
| PAMM / MAM Solutions | No |
| API Solutions | Yes |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal |
- Platform Details
| Platforms Offered | cTrader, cTrader iOS, cTrader Adroid, cTRader Web, cTrader Copy, cTrader Automate |
| NO of Pairs | 1000 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | Yes |
| Trading Server Time | |
| Demo Account Expiry | 90 Days |
| VPS Offered | No |
- Trading Details
| Dealing Desk | No |
| Maximum Leverage | 30:1 |
| Minimum Contract Size | 0.01 |
| Execution | Market Excecution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | Yes |
| Option of OCO | Yes |
| Option of FIFO | No |
| Negative Balance Protection | Yes |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Oil | Yes |
| Stocks | Yes |
| Indices | Yes |
| EFT's | Yes |
Fondex Reviews
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