Fondex Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Apr 29, 2022
Find out all details about Fondex Trading Account here. A trading account is the first thing that any trader needs to trade any financial instruments.
Whether you are trading currencies of different countries or different stocks, even commodities like gold or silver or other metals or oil, be it anything, you need a trading account.
So, here in this article, we will check the features, benefits of the Fondex Account. Fondex has been popular amongst many traders across the globe.
So, evaluate the benefits they provide, the products, services, and everything you can avail yourself of with this account.
Fondex Trading Account and Benefits
Fondex Trading Account is an all-in-one account. It has multiple facilities which you require for trading just in this one account.
Fondex was started by Alex Sologubov in the year 2017.
It is a new brokerage house, but it has been attracting clients from various parts of the world because of its excellent facilities.
Let us see what all benefits you can have by trading using this account and Fondex online trading –
Wide range of tradable instruments:
The first benefit that you can get with the trading account of Fondex is that you can diversify your portfolio amongst many asset classes and financial instruments.
This brokerage house provides more than thousands of tradable instruments.
There are commodities, currencies, stocks, indices, precious metals, ETFs, cryptocurrencies, and Energies as well.
Fondex platforms are built on super-advanced software. This enables the execution of orders very quickly. You do not have to wait for the orders to be executed.
Thus, the prices match as well easily. It is highly reliable and fast at the same time.
The spread level starts from 0 pips which is why you can make a lot more profit out of the trades.
The spread level is way too lower than the other peers even Fondex being a new entrant in the market.
The leverage or exposure is crucial for the traders, especially the active trader.
Fondex provides 500 times leverage to the retail clients.
For the institutional clients, it can be even higher. So, for instance, you have $100 in your trading account, you can trade assets worth $50000.
This can amplify your trading experience to a huge level.
One of the best things that Fondex provides is Micro lot trading.
Here you can trade micro-lots of different instruments like forex, precious metals, energies, and crypto.
Micro lot means you can trade very nominal units of the lots. This is helpful for retail traders.
Herewith Fondex you can even trade 1 share of the above-mentioned assets.
No minimum deposit requirement:
There is no minimum deposit requirement as well. This is an added benefit that can help many retail traders immediately open an account and start trading.
Fill up the Form – Open Forex Trading Account Now!
Find Trading Account Services of other Forex Brokers
Fondex Trading Account Charges
|Trading Account Charges|
|Account Type||Live trading account|
The account charges of any trading account mean two charges. One is the minimum deposit and the other is the commission. Here the minimum deposit is nil.
The commission depends on the type of instrument you are trading. For instance, for trading forex, precious metals, and energies, you have to pay a commission of $2.5 per side per $100k traded.
On the other hand, for the indices and the cryptocurrencies, there is no commission. You can trade them for free without paying brokerage charges.
For the shares and ETFs, there is a nominal commission of $1 per side for every 100 units traded.
Types of Fondex Trading Account
|Types of Trading Account|
|Trading Desk Type||ECN, Market Maker, No dealing desk, STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
As mentioned, there is one account which is an all-purpose serving account provided by Fondex.
It is the Live Trading Account that has no minimum deposit criterion. The spread starts from 0 pips in this account.
The commission depends on the asset class you are trading as mentioned above. The leverage you get is up to 500x.
You get cTrader with this account as the trading platform. The stop-out level is 30%. There is a one-click trading facility available.
Fondex Account Opening and Trading Process
For opening an account with Fondex you need to follow these steps below –
- Click on the “open account” tab
- On your screen, a form will pop up
- Fill the form by entering all the details like name, contact details, occupation, choice of account, and other details on the form and submit it
- After you submit the form, you will receive a call from Fondex associates.
- They will ask you for documents that you need to upload
- Submit the documents supporting your application that is for KYC
- Make sure you upload all the required documents in the correct format as mentioned
- Once you get the approval, you will be receiving the id and the password.
Now you have opened a trading account with Fondex, but how you can log in and use it, you must be wondering.
So, for that, you need to download the trading platforms. You can go to the website of Fondex and download the cTrader terminal software.
Then install it on your computer and open and login.
You can also download the mobile application from the Google Playstore or the App Store.
You can then open the application on your phone and log in.
There is another way to trade easily as well without downloading any software or application is the Fondex online trading facility.
You can just open the web-based platform and log in.
To set up the trading platform and the account you need to –
- Select the tradable instruments
- Add them to the market watchlist
- Set alerts and notifications for price movements
- You can customize the dashboard as well.
For trading the instruments you have added to the market watchlist and also others you can –
- Select the instrument you want to trade
- Analyze the instrument using the technical tools, and other resources
- Then click on BUY or SELL option
- You can also directly place orders from interactive charts
And your trade order will be executed in seconds.
Find Different Trading Account Types of Forex Brokers
Fondex Trading Account – Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
- Firstly, Fondex has a vast knowledge bank for multiple financial learning resources. You can use these learning courses, videos, and other resources to enhance your knowledge about trading and investments.
- There is a copy trading feature and social trading feature available with this trading account. You can use the strategies and trades of popular and professional traders to apply on your own.
- There are multiple types of orders which include OCO orders, Market order on Open, Trailing Stop loss orders, Time of the Day orders, One Cancels the others orders, and others.
- There are automated trading facilities as well as manual trading facilities. You can choose the one which suits you the best.
Swap-free options are available for Islamic traders.
Check out Online Trading Services of FOREX Brokers
Fondex Trading Account – Conclusion
To conclude, we can say that Fondex being a new brokerage house, has multiple facilities. It offers more than thousands of tradable instruments.
The commission is too nominal at the same time. So, whether you are a new trader or a professional, you can avail yourself of great benefits by using this Fondex trading account.
Fondex Online Trading – FAQs
Here is the list of FAQs related to the Fondex trading account:
Does Fondex provide Online Trading?
Yes, Fondex provides an online trading facility to clients. There is an online web-based trading platform. This platform you can use directly. There is no need to download anything.
What are the Commission Charges in Fondex?
The commission charges in Fondex are according to the asset category. So, for the cryptocurrencies and indices, it is zero.
This means you can trade instruments of these asset classes for free.
While for the others there is a certain nominal commission. For instance, you have to pay $1 for 100 shares traded so for ETFs.
For the precious metals, energies, forex the commission is $2.5 per side for each $100k traded.
Does Fondex provide Demo account Trading?
Yes, there is a Demo account facility available with Fondex. It is very useful for the new traders who want to learn trading but are afraid of losing money.
In a demo account, you can trade like in the real market but the cash you will use is a dummy or virtual cash. So, there is no risk of losing any money while learning.
You can switch to the actual trading account when you become confident with your trading skills.
Is trading Free at Fondex?
No, there are commission charges on certain asset categories. It is free for indices and cryptocurrencies.
Does Fondex provide Spot Metals Trading?
No, there is no Spot Metal trading facility in Fondex. You can do normal metal trading.
What are Spot Metals Trading Charges at Fondex?
Since there is no facility for spot metal trading, there is no question of paying a commission on the same.
For general metal trading, the commission is $2.5 per side for each $100k traded.
Does Fondex provide Stock Trading?
Yes, there are multiple companies’ stocks that you can trade with Fondex.
The commission charges on stock trading are very nominal if you compare them with the market.
What is Spread at Fondex?
The spread starts from 0 pip at Fondex. You can make a higher profit when the spread is low and with Fondex it is at the lowest.
Is Fondex safe for trading?
Yes, it is regulated by CySEC and FSA (SC). It is having multiple layers of security to protect the data and transactions of the clients.
So, you can trade without worrying about your money and data with Fondex.
Does Fondex provide Trading Tips?
Yes, there are regular updates about the market, trading tips, and suggestions.
You can avail of them just by opening a trading account with Fondex.
Fill up the Form – Open Forex Trading Account Now!
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|