Fondex is an international Forex broker, that has been open since 2011. They are located at: 19 Stratigou Timagia, 3rd Floor, 3107 Limassol, Cyprus.
Contact phone number is: +357 25028079, and the customer support email address is: [email protected]. Official website is: https://fondex.com/. For withdrawal problems and complaints, go here.
Fondex Review
Our review of the broker Fondex shows, that they stand apart from many simple MT4 brokers. Fondex offers their clients the powerful cTrader trading platform.
cTrader is a unique and very powerful trading platform, that comes in web trader and desktop versions, along with the Algo trading module. Advanced investors and connect via API and also manage MAM and PAMM trading accounts. cAlgo is an add on for cTrader which lets you run algorithmic trading on your account.
Total available underlying assets available for trading CFD’s is over 1000. They offer trading of; Forex, Commodities, Individual Stocks / Shares, Market Indexes, Crypto Currencies like Bitcoin and Commodities. Spreads are always fluctuating, but they advertise spreads as low as zero pips. A check of their trading conditions for BTCUSD on December 30th shows leverage as high as 100:1, and an $80 spread.
Leverage / Margin rates are limited to 30:1 for European traders using their CySEC regulated brand. All other investors can get up to 500:1 on their Bermuda based website.
Is Fondex a Legit Broker?
When the Scam Broker Investigator reviews a Forex CFD broker to see if they are legit or a scam, we look for a valid brokerage firm license. The reason Forex investors will only use a licensed and regulated broker, is because then you can feel safe that your funds are kept in a segregated bank account.
Fondex operates under three different entities, depending on the clients residency.
- Cyprus: TopFX Ltd is licensed and regulated in Europe by CySEC, with license number 138/11. A CySEC licensed broker offers Cypriot investors certain protections on their Forex trading accounts.
- Seychelles: Fondex Limited with registration number 8424819-1 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 No: SD037
- International: Fondex Global Limited is a Bermuda company, registration number 54010, operating the website Fondex.pro.
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If you already have a trading account with Fondex, please share your investing experience in the comments section below.