Fondex Review 2021

Fondex is an award-winning forex and CFD broker with industry low trading costs

Fondex is a multiple award-winning broker that provides access to Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies. Surprisingly, Fondex does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, Fondex has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.

Careful traders will be reassured knowing that Fondex is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.

Fondex Summary

Fondex is an award-winning forex and CFD broker with industry low trading costs

Ratings

60%
Trust
50%
Instruments
57%
Features
BonusNone
InstrumentsForex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies
Demo Account
Min. Deposit$0
Min. Trade0.01 lots
Regulated ByFSA, CySEC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading Yes - cBots available
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Leverage1:30
FTSE Spread1.4
GBPUSD Spread0.71
Oil Spread6.71
Stocks SpreadStart from 0.01

Forex Trading

GBPUSD Spread0.71
EURUSD Spread0.28
EURGBP Spread0.7
Assets67

Payment Methods

Fondex accepts the following payment methods:

  • Neteller
  • PayPal
  • Skrill

Awards

Fondex is a multiple award-winning broker, with 5 awards received so far.

  • Best Technology Corporate Leadership, 2019
  • Best FX Trading Platform, 2018
  • Best Trade Execution, 2018
  • Best Partner Program, 2017
  • Best Retail Platform, 2017
83.57% 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.

FAQ

Is Fondex Safe?

Yes, most likely, as we gave Fondex a trust score of 60% in our review. The main negative factor in this score is that Fondex is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does Fondex Accept PayPal?

Yes, Fondex does accept PayPal payments.

Is Fondex Halal?

Yes, Fondex does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does Fondex support?

Fondex only supports the cTrader trading platform at this time.

Is Fondex Regulated?

Yes, Fondex is regulated by 2 different regulators: FSA and CySEC.

The fact that Fondex is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

Fondex vs Other Brokers

If you want to compare Fondex with other brokers, use the detailed comparisons below.

Fondex vs
Fondex is an award-winning forex and CFD broker with industry low trading costs