68 reviews of Fondex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
A good broker for Forex trading. I have been working with the cTrader platform for over a year, and I love it. There are many indicators, it's userfriendly. Spreads are minimal here.
It is a very convenient platform for both beginners and professionals. I advise everyone to try it!
I urgently required a new broker for cryptocurrency trading and some folks pointed to this company, telling me that it’s ideally suited for this. Well, they didn’t tell me lies because it turned out that the broker is really good for crypto trading.
On the other hand, some things I saw there were quite unusual for me. First, after my experience with Metatraders, it wasn’t easy to get used to cTrader. However, over time, I realized that it’s not so bad. However, if I used customized indicators, I would not able to accept cTrader.
I liked Fondex because of a few things. Although I can't say that it is a broker that I'm completely satisfied with. The company has its nuances. But where are they not? You have to choose from what is on the market.
So here goes. Of course, the main advantage of the broker is the small costs for clients. That is, spreads and commissions that are lower than the average in the market. You can read it in many Fondex reviews.
Especially the difference is noticeable on Bitcoin. The cryptocurrency has made just a cosmic leap (thank you, Elon Musk), here trades with a spread 3-5 times tighter than in many other companies. That makes a lot of difference, really. And it affects enough on trading profits.
I remember one of the traders did an experiment. He traded at different brokers with the same Expert Advisor with the same settings.
The result was different profits because of the variance in spreads and commissions. So you have to pay attention to that.
I'm glad that Fondex allows me to trade with lower costs. It has a positive effect on my results.
In general, my impression of this broker is quite mixed. On the one hand, I can’t label it as a fraudulent project because that’s not so. This broker ensures a fairly convenient trading process and doesn’t prevent traders from entering the market at the price they want. Moreover, it pays out requested funds. It speaks of it as a normal broker. They offer quite low spreads and it’s even possible to trade some assets without commission.
On the other hand, the trading conditions here are quite specific, especially for conservative traders.
First, they offer just one one universal account. They position it as an advantage, but I find it as a downside because it’s not good not to have a possibility to choose between several accounts with different parameters, such as execution (market or instant), spreads (fixed or floating).
Moreover, they offer the only one platform cTrader, especially for those who are used to working on Metatraders.
I'm satisfied with my choice of broker. Fondex has everything I was looking for. It offers a convenient terminal with built-in technical analysis. It has reasonable spreads and commissions. And here is the ability to copy trades, which I actively use for risk diversification.
My friend has been trading with this company for more than a year. So, I just followed his recommendation. My friend trades cryptos and this broker ensures the best possible trading conditions for such assets - it’s possible to trade Bitcoin without commission and low spreads.
But I have different trading preferences. I try to stay away from cryptos due to their chaotic and unregulated nature. Instead, I work with major currency pairs. My favorite ones are EUR/USD and USD/JPY. The broker offers to trade them with quite low spreads. I can’t complain about execution - it’s good and it confirms what my friend told about the broker.
This broker has a perfect platform. The platform it offers to clients has a lot of tools for professional trading. Moreover, all the functions are at your fingertips. You can easily see the required margin conditions, the volume of position, and each pip's cost. Everything is right in front of your eyes. This is very convenient and saves a lot of time. So I'm glad that I found a mention of this brokerage company on the forum one day.
At first, I didn’t want to join this broker. First, I disliked the fact that I was unable to choose from several trading accounts. This broker offers just one account and I have never seen it with other brokers. The unavailability of other trading platforms except for cTrader didn’t confuse me because I think that there’s no difference what platform you use, the main thing is that you should be able to forecast the market properly.
However, once I viewed their trading conditions, I decided to join this broker. I was mainly motivated by the possibility to trade indices and cryptos with no commission and low spreads on major currencies.
The trading process didn’t disappoint me. I didn’t see any signs that the broker prevents me from entering the market at the chosen price.
In fact, I can say that this is a fairly standard company. I don't see any surprises, but for example there are no serious educational formats - everything is designed for experienced traders and it might be hard for a newcomer to come here. Although, on the other hand, the commissions are not very high and it allows to experiment right in the market. All in all, I think that there are advantages and disadvantages for every trader.
I’ve been trading with Fondex for two weeks and I like this. Everything I see here makes me want to continue trading with this broker. I opened a cTrader account to scalp with the tightest possible spreads. The trading process is very smooth. Nothing makes me nervous.
Well, it didn't work out when I tried to trade with MT4. This terminal is very complicated for me. But with the cTrader from Fondex, everything somehow got better all at once. I like that it has a built-in Technical Analysis of very high quality. There are a lot of different assets.
Moreover, the spreads and commissions are minimal. I didn't even believe at first that it can be so. Mostly the difference can be seen on Bitcoin. The spreads there start at $3, and there are no commissions at all. The same is with other cryptocurrencies and indices. For comparison, different brokers have spread on Bitcoin from $10.
I'm trading with this brokerage for a year now and in my story of trading there I have both positve, but also some negative moments. First of all, I came to Fondex through reviews, they were quite positive, so I decided to try this brokerage. The reality turned to be not so cool, of course, but I'm still satisfied with this brokerage. I like there's a wide range of platforms offered, so you're free to test different of them, I used to trade with MT5, but now I switched to cTrader.
The only problem is there's no comprehensive education, so if you're new to trading, that may be complicated for you to trade there. That's the only disadvantage that I see, but I'm sure it's importantly to know, as Forex trading is currently attracting a lot of newcomers.
Of course, I was impressed by the fact that there are so many assets, it really allows you to work in different directions and test strategies.
The commissions seem to me to be average, but not frightening - that's the most important thing.
I trade BTC without commission with this broker
The very idea of trading cryptos without commission attracted me to this broker. There’s no doubt today cryptos are the most promising financial instruments for any trader regardless of his experience. For my ten-year experience, I have never seen such a powerful bullish dynamics as that one demonstrated by digital coins today. That’s something insane. So, when looking for a new broker, I stumbled on Fondex and found their tradition conditions for cryptos the most attractive. So, I joined the broker and now I’m following Bitcoin altcoins. However, I still have to get used to cTrader - previously I worked with MTs only.
I was looking for cTrader brokerage, as I wanted to try copy-trading. Well, the idea with copy-trading was the wrong one, I understand that I can earn much more with self-trading, than relying or another trader to copy its signals.
However, I'm still satisfied with Fondex and my trading there, so I see no reason to change the brokerage.
Firstly, cTrader is one of the best trading platforms, in my opinion it's much better than MT4/MT5, at least in terms of convenience. Of course, traders have different tastes, but my personal thought is that cTrader is the best one.
Secondly, brokerage is regulated. That changes nothing for you, as for common trader, but you can be sure that if sth goes wrong - you have a regulator to ask for help.
Thirdly, the trading itself is without any issue. That's not only my opinion, but it's also confirmed by a lot of other reviews, so my case isn't unique. Slippages are extremely rare. Don't know how brokerage gets this, but its cool. My previous brokerage was much worse in this regard.
To submit your own Forex Broker review for Fondex fill the form below. Your review will be checked by a moderator and published on this page.
By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. email@example.com) will not be published. Please submit your normal e-mail address that can be used to contact you.
Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.