47 reviews of Fondex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I trade only on the stock market. I'm a developer myself, and I consider probabilities well. So, on the stock market you are more likely to make money. The stock price is affected by fewer factors than the price of currencies.
I've already written my own cBot in this company. It shows the ATR and the level of the first hour. I would like to note the convenience of the platform cTrader for making your own cbots. There is an excellent API. So, I recommend the company for algotrading!
The trading conditions in the Fondex are quite good. Here you can choose any of more than 1000 assets. If this does not mean anything to you, you can usually find 100-300 assets on the other platforms. And it often happens that the right stock is not available.
The platform cTrader in the Fondex is normal. But this is not their merit. This is a plus for the developers who made a cool product.
In general, I think that the broker is absolutely mediocre. They just took a reliable platform and launched the service. Well done, but nothing outstanding. There is no education, by the way, as such.
You can read the information you need in the articles. But I haven't seen any courses available here yet.
I switched to this brokerage for copy-trading, as I decided to diversify my risks. I've read a lot of brokerage reviews and by reviews Fondex seemed to be the best one for copy-trading.
Some of the features:
1. There's cTrader platform. Yeah, Fondex offers nothing of typical Metatrader platforms. So you need to learn new platform if you want to trade there. I can't say that's too hard, just requires some your efforts. If compare cTrader to Metatrader, the platforms are almost similar, but I've found cTrader easier to learn, if you're starting from scratch.
2. Comissions are tight enough, $2.5 per one side, or $5 per roundturn. Spreads are also nice, even lower than 1 pips
Copy-trading is available through cTrader and you can get access not only to master-traders that are trading with Fondex, but for all cTrader masters. That's nice, as it expands competition.
I am very calm about the choice of the company, because in my opinion all of them are very similar and it is necessary to focus more on your preferences, not on some ratings, etc. Although, this is just my opinion. Of all that I have here, I liked the most the ready-made trading signals and copying services. Yes, I am not a very independent trader yet, so I am happy to use all available things to earn as much as possible and it works.
As a crypto trader, I pay much attention to brokers supporting these popular assets. Fondex reviews attracted me to this broker. The broker allows to trade the most popular and volatile digital coins such as Bitcoin, Ripple, Litecoin, Dash, Ethereum, Ripple, etc. On the other hand, Fondex doesn’t offer a huge selection of altcoins. However, I don’t take it as a downside.
It’s more advantageous to opt for Fondex than crypto exchanges. It’s because in this case, you funds will not be affected due to a sudden government clampdown, that unfortunately can’t be told about centralized cryptocurrency exchanges. What’s more, with Fondex, you don’t require a crypto wallet. You don’t require owning digital coins in the sense of a traditional crypto user. Nevertheless, you will have an opportunity to trade them and withdraw gains. The broker collaborates with top-tier liquidity providers, so your funds will be safely stored on a segregated account.
On the other hand, get ready to use cTrader. If you previously used Metatraders, you need to get used to the platform. It’s very functional and user-friendly.
Despite the fact that you can only trade with this brokerage on the cTrader trading platform, it has very favorable trading conditions. I would even say that some of the most advantageous trading conditions for this platform that I have seen. For forex trading my conditions are $2.5 commission per side and $5 per roundturn respectively. To me, it's a good thing that a broker compresses the lack of multi-platformity in this way.
This is a cool brokerage, I like the fact that it has quite favorable trading conditions. For Forex trading, my trading conditions are simply $2.5 commission per side or $5 per roundturn. This is quite advantageous.
The cTrader is a great find apart form nice trading conditions. The platform has got an advanced functionality in regard of tech analysis and I absolutely love the interface comparef to the well-known MT.
What is trading for me? It's a serious work, which I devote a lot of time to and what gives my main income. And of course I study the market, strategies a lot, watch the news every day and always try to keep everything under control.
And I chose the company very carefully and for a long time analyzed all pros and cons. And in general, I think that nowadays it's the best solution, that helps me a lot. Here I can use hedging without restrictions, and it's quite rare, because many companies don't allow it. Spreads aren't super tight, but reasinable, you don't have to worry about speculation.
And I will simply advise you to take your time, check all the functions of the platform, and be sure to keep statistics.
In this company I like the most the platform and low costs. The number of instruments is average. I know brokers which have several thousand instruments each. But, in general, there are enough assets to trade with. And you can read about it also in other Fondex reviews. I read them a lot, before I started trading here.
It's very good that you can trade here without installing software. This speeds up my device considerably.
But, of course, with education, everything is not so good yet. There are articles on some topics on the blog, but there are no necessary courses. Probably, the company is more focused on professional traders. After all, cTrader platform is more focused on them.
A good brokerage. Never traded on the cTrader platform before, only on MT4. But in general, this trading platform is quite convenient and multifunctional. Of course, sometimes I miss the more familiar for me trading platform, but I got used to cTrader quite quickly.
In addition, a broker has quite favorable trading conditions for this platform. So, overall, I don't complain about a broker's work or trading conditions.
Of course, I wasn't always a real trader, because I didn't take this business seriously for a long time, it seemed to me that it is really possible to earn here quickly without making any special efforts.
But over time I realized that it is really necessary to work here and make certain efforts in order to get the desired profit.
Ctrader trading terminal, it includes a sufficient number of technical tools and works flawlessly, which is a definite advantage of a brokerage.
I came there for automated trading and it seemed to be a good idea but there's one siignificant dissadvantage - no automated trading mobile app, And that's regrettable, really. I mean that if there will be mobile trading app, it will be better brokerage but without automated trading I can't suggest this brokerage to everyone. If you are ok usig desktop apps - the broker can be recommended.
Working with a brokerage turned out to be a little different from what I had imagined. I thought it would be a more ordinary broker, with standard trading conditions, but it was a little different. It doesn't have the usual trading platforms, but it has a trading platform called cTrader. And the broker has some of the most favorable trading conditions for this platform. Of course, it's a little unusual for me that I don't have MetaTrader 4 and 5, but I got used to the broker's trading platform quite quickly and started to trade comfortably.
They write there is no minimal deposit amount. But actually, there is. Because the minimal trading volume is 0.01 lot here. And a standard lot on Forex is 100 000 USD, so, 0.01 lot = 1000 USD. Given that the broker offers a leverage up to 1:500, a minimal investing in one order is about 2$. Risk per order should not be more than 1 – 3%, as any smart trader knows. So, the minimal deposit amount you need to open trades in strict compliance with the principles of risk-management is 67 to 200$. Add to that, commissions and spreads and you get really minimal deposit about 85-250$. It`s not much. Other companies offer even 500$ minimal deposit amount. But why write no minimal deposit if there are some requirements anyway?
I am convinced that a trader has his own preferences and requirements to the conditions in which he wants to work. But I think that all of us (regardless of the choice of strategy and other trading parameters) strive for freedom. And in this case, the quality of the trading terminal is important for us.
Here you can get acquainted with cTrader platform, which I strongly recommend to consider. Automated trading strategies are allowed here, so you can try what you've wanted for a long time.
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