Fondex Commission or Brokerage Charges – Review, Plans, FAQs & more
Find out all details about the Fondex Commission here.
One of the most important factors that you need to be aware of is the commission or the brokerage charges that need to be paid for availing the services from the brokers.
This is the main cost of trading. The cost of trading includes other costs like initial deposits, interest on margins.
However, in this article, we will be discussing the commission exclusively.
The article will be a guide for those who want to invest through Fondex or looking for a brokerage house that charges a reasonable commission.
The Fondex Commission is considered to be one of the cheapest in the market. In this article, we will evaluate the same and see whether it is reasonable or not.
We will also help you understand the process of opening an account with Fondex and evaluate the Fondex fees.
Fondex Commission or Brokerage Charges
Brokerage or commission charges are inevitable in trading.
Whether you are trading in bulk or retail, trading currencies or stocks, or any other asset classes, there will be brokerage that needs to be paid. However, the brokerage charges vary from one broker to the other.
You need to check some of the top brokerage houses and compare their brokerage/ commission charges.
The Fondex Commission is pretty straightforward and quite reasonable.
There are no hidden charges as this broker puts everything out in front of the clients and everything is so transparent. There are different brokerage charges or fees for the assets categories.
You need to check the particular brokerage charges for the asset class you are trading.
Alex Sologubov in the year 2017 started Fondex and is thus a newbie in the market.
However, with its quality services and great products, it has captured the market quite a bit in these few years.
One of the main reasons for being popular within such a short span is the affordable commission charges that Fondex levies on trades.
This is a regulated broker having the headquarters in Cyprus. It is regulated by the CySEC and FSA (SC).
Fill up the Form – Open Forex Trading Account Now!
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Types of Fondex Commission Plans
|Types of Commission Plans|
|Account Type||Live trading account|
Fondex has one single account for all your needs. However, the brokerage charges differ from one asset class to another.
For instance, the commission for the Forex/ currencies, precious metals, and energy stocks is $2.5 per side for every $100k traded. This is comparatively way lower than other brokers in the market.
You can understand how minimal the brokerage charges are. You can even trade these instruments at such negligible price as $2.5 for $100k is unimaginably low.
Then come to the shares and the ETFs where Fondex charges are only $1 per side for every one hundred shares or ETFs unit traded. This is also quite low as you can see.
However, the best benefit is for those who invest in cryptocurrencies or indices as there is no commission or Zero commission on these asset classes.
So, now you know how much you would be spending for trading each of the asset classes using the Fondex account.
Apart from Fondex Commission, there are certain factors and charges you need to know as well, like spread and the initial deposit charges.
While the spread starts from 0.0 pips only which is the lowest you can get, the initial deposit is Zero again.
This means that Fondex has no minimum deposit requirement. You can keep the amount you need to trade.
Here comes another thing which needs to be taken care of. Suppose you have $100 in your trading account, but you need $40000 for trading or investing in some instruments which can turn out to be beneficial.
So, you can use the 500x leverage that is available to the Fondex traders. So, with your $100, you can trade up to $50000 worth of assets.
Fondex Account Opening Process
Now you know everything about the Fondex charges, commission, initial deposits, spreads, and other factors. So, let’s see how you can quickly open the Fondex account –
- Firstly, you need to click on this tab ‘open account”
- Then fill the form that pop-ups on the screen
- Mention all the correct details and submit the form
- Once you submit, you will receive a call back from the Fondex associates within sometime
- They will ask and guide you to upload the documents for verification
- You need to upload the photocopies of the documents.
- Once they verify the documents, then you can get your trading account details in your mail.
Fondex Payment or Withdrawal Methods
|Deposit Options||Credit Card, Neteller, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Neteller, Skrill, Wire Transfer|
The payments and deposits are very crucial for trading. If you cannot deposit the right amount at the right time you can lose multiple trading opportunities. So, The payment and deposits options available from Fondex are –
- Credit Card
- Wire Transfer
You can use any of these four options to deposit or withdraw your money. All these are safe and secure payment platforms.
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Fondex Investment Assets
|Supported Cryptocoins||bitcoin, dash, ethereum, litecoin, ripple|
|Total Tradable Assets||1000|
|Number Of Currency Pairs||80|
|Number Of Cryptocurrencies||12|
|Number Of Stocks||900|
|Number Of Indices||13|
|Number Of Commodities||9|
|Number Of Futures||0|
|Number Of Options||0|
|Number Of Bonds||0|
|Number Of ETFs||18|
If you are wondering which all assets are available for trading then you can take a look at the above table. You have more than a thousand assets available.
There are 80 pairs of currencies for trading. Then there are 900 stocks of different companies. Apart from these, you can trade 12 types of cryptocurrencies and 13 global indices as well.
Moreover, there are 9 commodities as well and 18 ETFs. So, you can easily diversify your investment using the variety of assets available with Fondex at such reasonable Fondex brokerage.
Fondex Commission – Conclusion
To conclude, we can say that Fondex provides a very simple and effective brokerage plan. In one single type of account, it has provision for everything.
With high leverage and low spreads, the trading experience can be great and profitable.
The Fondex Commission is highly reasonable and affordable for all types of traders.
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Fondex Charges or Fees – FAQs
Here is the list of FAQs related to the Fondex Commission:
Does Fondex charge a commission?
Yes, there are Fondex commission charges. The charges vary from one asset to another. It is important to check which asset you are trading and the brokerage charges accordingly.
This will help you anticipate the profit or loss easily if you know the cost of trading.
How much does Fondex charge brokerage?
Fondex charges are as follows –
- It charges $2.5 for every $100k of Forex, precious metals, or energy traded
- For every 100 shares, it charges $1 per side and the same goes for ETFs
- $0 for cryptocurrencies and indices
What is the Minimum Deposit required in Fondex?
There is no minimum deposit requirement at Fondex. You can start trading with the amount you want to trade with.
Moreover, there is high leverage that you can get and thus increase the amount you have in your trading account.
How much leverage does Fondex provide?
The maximum leverage that Fondex provides is up to 500 times. For instance, you have $500 in your account. Then you can trade assets worth $250000.
It helps the active traders the most who trade in bulk.
How much is Spread at Fondex?
The spread level starts from 0 pips at Fondex and this compliments the nominal Fondex Commission. The lower the spread, the higher the profit margin.
What type of Commission Plans are available in Fondex?
There are no such commission plans at Fondex.
The brokerage house has different brokerage charges for the different asset classes. For shares, and ETFs, it is different, then for cryptocurrencies, it is different and so is for the forex or currencies, and others.
Does Fondex provide Cryptocurrency for Investment?
Yes, there are more than 12 cryptocurrencies which are available at Fondex. You can trade Ripple, Bitcoin, Ethereum, Dash, and others.
Is Fondex a legit Forex Broker?
Fondex has its headquarters in Cyprus. Financial authorities, like CySEC and FSA(SC), regulate Fondex.
So, it can be understood easily that this brokerage house is completely legit.
Can I invest in Fondex for $5?
As per the commission charges of Fondex, you can easily invest with just $5. You can trade cryptocurrencies where there are no brokerage charges, they are free.
Then you can trade 500 shares for $5 as for every 100 shares or ETFs, the brokerage charges only $1.
Are there any hidden charges available with Fondex?
Fondex is very transparent about its charges, commissions, and other price and cost-related matters.
All the brokerage charges, fees, initial deposits are all given on the website of the broker.
Fill up the Form – Open Forex Trading Account Now!
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