Fondex Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Are you looking for the most suitable brokerage house for your trading needs? Are you not sure of which factors to check and why you need to check them?

Then you have landed on the right website. You are here going to read about the Fondex Forex Broker in detail.

This review of Fondex is going to cover the basics as well as the deep insights about the brokerage firm.

You will get to know about the facilities it provides, at what price or the commission and the offers you are going to get.

This article will also give you an idea about how good its customer care is, how much leverage the firm provides.

So, in short, this article is an all-in Fondex Review that can help you understand whether to choose this brokerage house or not.

About Fondex & Accepted Countries

To begin with, Fondex is a very new brokerage firm that started its journey in 2017, just 4 years back.

It was founded by Alex Sologubov as a privately held company with around 50 employees at multiple locations.

The company has its headquarters in Cyprus and thus is primarily regulated by CySEC and then also by FSA (SC).

It is also present in other countries and thus the customer support is available in multiple languages.

The firm is quite new however, it already made a mark in the investment market amongst the traders.

The exceptional facilities, services, and offers which this firm provide are enough to pull clients.

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Fondex Trading Platforms

To start Fondex Review, we have the trading platforms in the first place. Fondex provides cTrader as the trading terminal for windows and MAC desktops.

You can download the exe. File from the broker’s website and install the same on your desktop.

The trading platform is also available in web-browser based mediums.

All the trading platforms of Fondex provide real-time updates of the market.

Then technical analysis tools are abundant like charts, indicators, and others.

You can find multiple indices, research reports, interactive charts, and many other options. The trading platforms are easy to use.

The technology is of a superior level but the interface is simple so that every user whether a new or professional trader can use it.

All the trading platforms are free for use. You do not need to pay any charges for using the trading platforms.

Fondex Mobile App

The Fondex app is the mobile trading application of Fondex.

This application is a handy and hassle-free version of the highly advanced trading platforms of the firm. You can use this application when traveling and you need to trade.

The mobile app has all the important features like charts, indicators, research reports, live streaming, and trading options.

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Fondex Commission or Brokerage or Fees

One of the most important criteria you need to check is the commission.

The commission is important as it affects the cost of trading. If the brokerage is high, then the cost of trading increases, and in turn the profit on your trades reduces.

However, with Fondex you do not need to worry about that. The reason being zero Fondex commission for trading indices and cryptocurrencies.

If you are wondering about other asset classes, then the Fondex commission for shares and ETFs are very nominal too.

It is just $1 on each side for every hundred shares and ETFs trading.

However, for trading forex, precious metals, and energy stocks you need to pay a higher commission.

It is around $2.5 per side for assets traded worth $100 thousand.

Even though the commission is high for the forex, the spread starts from 0.0 pips only which is why the traders are satisfied.

Fondex Exposure or Leverage

Retail traders even if they want to trade actively, the monetary constraint always comes in between.

However, with Fondex you can trade five hundred times more than what you have in your account.

Yes, this brokerage house provides up to a whopping 500 times leverage to all the retail traders.

Exposure is one of the most important criteria which needs to be taken under consideration while choosing a brokerage house.

Fondex provides even more than the average leverage provided in this field for retail traders.

Payment Methods provided by Fondex

The payment methods provided by Fondex are as given in the table above.

It includes a Credit card which you can use for withdrawing money from the trading account as well as you can use it for depositing in a trading account if your margin is lowered.

Then there are other options like Neteller, Skrill, and wire transfer. All these payment options are highly secured and safe for use.

You can do transactions of funds without worrying about your money being lost. All the payment gateways are encrypted with high-level security features.

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Investment in Asset Classes or Markets by Fondex

There are more than thousands of assets that you can trade using the Fondex account.

To start with, there are 80 currency pairs that you can trade.

As it is a forex broker primarily, it offers multiple currencies for trading in the first place. There are around 900 stocks of different companies which you can trade.

Apart from these, there are around twelve cryptocurrencies which include the most popular ones like Bitcoin, Litecoin, Ethereum, and others.

You can also trade global indices with Fondex as it has 13 indices up for trading.

There are precious metals, energy, and commodities as well which you can trade or invest to diversify your portfolio.

Fondex Virtual Trading or Demo Account

The virtual trading account is one of the most important features especially if you are a new trader.

When you are new, you are bound to make mistakes but losing money for all those mistakes can have a negative effect on your mental state and confidence as well as on your pocket, doesn’t it?

So, to practice trading like real but without involving any real cash, Fondex provides a demo or virtual trading account.

With this account, you can trade any assets mentioned above like real but the cash you will be used to buy stocks or you will be receiving on selling the stocks and the profit will also be in virtual or dummy cash.

Fondex provides $10000 when you open a demo account with them. There are no charges for using this account.

It is absolutely free. Moreover, you get access to the trading platforms as well.

Fondex offers or Deals

The offers which Fondex provide to the clients include –

• Stock market courses where you can learn about multiple aspects of the market, concepts of trading, and asset classes.
• You can learn trading by using the demo account of Fondex which comes free of cost
• You can earn via referrals too
• Fondex organizes forex trading contests from time to time
• You can earn bonuses for being top traders and there are rewards as well.

Fondex Regulation or Licensing

The brokerage house is a regulated one. It has been licensed and regulated by CySEC which is the SEC of Cyprus. It is also regulated by FSA (SC).

This ensures that the brokerage house is a legal one and your funds and information are in safe hands.

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Fondex Features

The features of Fondex includes the following –

• You can use the Social trading feature with Fondex, This means you can copy the strategy of some popular traders and implement them in your trades.
• There are multiple alerts systems to keep you updated about the market
• You get signals for trading which includes buy and sell signals
• You can use the OCO orders, Trailing SP/TP
• There is an automated trading facility with this brokerage house
• You can use the API trading feature too
• Ample of interactive charts, indicators for technical analysis
• You can opt for experts’ advice, they have in-house research and advisory team.

Fondex Account Types

Take a look at the types of accounts that the company is offering:

Fondex has only one type of trading account. However, in this one account, you can find all the facilities, features for your trading requirements.

You get cTrader as the trading platform with this Fondex trading account which is one of the most advanced trading platforms at present.

The leverage you can expect is up to 500 times which is huge. Then the spread starts from 0.0 pips which is a huge benefit as well.

There is a Micro lot trading feature available for forex, energy stocks, precious metals, and cryptocurrencies.

Then you can explore multiple markets like crypto, forex, commodities, stocks, ETFs, indices, and others.

The stop-out level is 30% and you do not need any minimum deposit to open or run this account. With this account, you can hedge assets as well.

You get negative balance protection too with the Fondex account.

Fondex Trading Account Features

Check below all the trading account features under various account types:

Fondex – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Fondex Benefits

The reasons for trading with Fondex are given below –

• You get Raw spreads from just 0.0 pips
• Round the customer care service
• Fast and reliable exertion of orders
• Multiple trading applications
• Micro lot trading feature for multiple asset classes
• Algo-trading and copy trading features are there as well
• Multiple rewards and offers.

Fondex Cons or Drawbacks

There are few drawbacks of Fondex as well which includes –

• Only one trading platform
• No flexible brokerage plans

Fondex Trading Hours

The brokerage house provides services round the clock.

As there are multiple assets that a trader can trade from different parts of the world.

Forex and crypto markets are open round the clock.

Fondex Customer Care or Contact Details

The customer support of Fondex is highly professional and dedicated. They try to solve the issues of the clients as soon as possible.

You can choose the language you are comfortable in while communicating with Fondex customer support.

You can use the live chat from the trading terminal or email support.

Fondex Safety & Security

The safety measures taken by Fondex are pretty high. There is high-level encryption so that no data or information of the clients are leaked.

The payment methods are chosen with care and thorough scrutiny.

You can have faith in the security of this brokerage house.

Fondex Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Fondex Forex Trading – Conclusion

To conclude, we can say, though this brokerage house Fondex is new it has already made a mark in the market with its exceptional services.

The unbelievably high leverage and low commissions are some of the primary reasons behind the success of this brokerage house.

If you are looking for an all-in-one trading account with all features mentioned above, then Fondex can be a great choice.

Fondex Forex Trading FAQs

Here is the list of FAQs related to the Fondex forex trader:

Is Fondex Safe for Trading?

Yes, it is absolutely safe for trading. There are multiple security checks and encryption to protect all data.

What is the Commission for Fondex?

The commission that Fondex charges are $1 per side for every hundred shares or ETFs traded.

For the forex, precious metals, and energies, the commission is high at $2.5 per side when the trading amount is $100k.

How to Open a Trading Account with Fondex?

The Fondex trading account opening procedure is as follows –

• Click on the tab “ Open Account”
• Fill the form that pops in and submit
• Upload the required documents
• Wait for the KYC to be done
• Then you will receive the login credentials to your account and start trading.

Can I invest in Cryptocurrency with Fondex?

Yes, there are different cryptocurrencies that you can trade with Fondex. There are Bitcoin, Ethereum, Litecoin, Dash, and others.

What leverage does Fondex provide?

The leverage that you can get with a Fondex account is up to 500 times.

This means if you have just $10 in your trading account, you can trade assets worth $5000.

Does Fondex have a trading app?

Yes, the Fondex app is the mobile trading application of the brokerage house. It is available in android as well as iOS.

How to contact Fondex customer care?

You can use the live chat option from the trading platforms.

Otherwise, you can opt for the email support of Fondex customer care.

They are available round the clock for servicing the clients.

Is Fondex Regulated?

Yes, Fondex is regulated by CySEC and also FSA (SC). It has its headquarters in Cyprus and thus the CySEC is the main regulator of this brokerage house.

Is Fondex good for Beginners?

Yes, the demo account, simple UI, fixed brokerage plans are all suitable for new traders.

Who founded Fondex?

The brokerage house Fondex was founded recently in 2017 by Alex Sologubov.

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