Fondex Review 2021
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| 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 pleased to know that Fondex is licensed to provide trading services by multiple regulatory bodies, 2 in fact. Note, however, that the FCA here in the UK is not among them. Prudent 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
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $0 |
| Min. Trade | 0.01 lots |
| Regulated By | FSA, 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
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 1.4 |
| GBPUSD Spread | 0.71 |
| Oil Spread | 6.71 |
| Stocks Spread | Start from 0.01 |
Forex Trading
| GBPUSD Spread | 0.71 |
|---|---|
| EURUSD Spread | 0.28 |
| EURGBP Spread | 0.7 |
| Assets | 67 |
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
FAQ
Is Fondex Safe?
Yes, most likely, as we gave Fondex a trust score of 60% in this 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 CMSTrader
- Fondex vs FXTrading
- Lightspeed Trading vs Fondex
- SpeedTrader vs Fondex
- Trade Nation vs Fondex
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| Fondex is an award-winning forex and CFD broker with industry low trading costs | ||