57 reviews of Fondex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
I can't say that this broker is something special among other ones. This company calls itself the place with the tightest spreads and lowest commissions in the industry. I won't argue with that. But I want to draw your attention that the spreads and commissions are not the trading conditions' ends.
Besides them, there is a great need for learning how to trade. Yes, this broker partially meets this need with quality blog articles. But for such a company, there should be more advanced training. I think the company should think about it.
There is a lot of useful features in the cTrader platform from Fondex. I haven't even tried everything yet. So far, I only use the built-in analytics and look through the customizable Economic Calendar. And there is also automatic trading and copy trading. I'll get around to it.
I found about this brokerage when I was looking for cTrader brokers and in one review it was claimed has the lowest spreads among cTrader brokers.
1. Yeah, spreads are low, that's true. I don't know about are they the lowest, but they're okey. 0.8-1 pips for major currencies is nice,
2. cTrader is much better than even MT5 in my humble opinion, it's better in almost all regards, especially in terms of interface
3. You can trade both in browser or using app
4. Fondex offer automated trading and keeps promoting it. If you're new to trading, that can be the feature that would boost your trading performance.
Of course, if you don't want to switch from Metatrader, that broker isn't for you, but if you're looking for cTrader brokerage, Fondex can be nice option.
I can't say that this company is something special, most likely it is a usual broker who will not give you any surprises.
The good thing is that there is a mobile application. The bad thing about the mobile app is that you can't use copying, you have to use the main trading platform. It seems to me that it would be worth adding, because traders nowadays work more often with smartphones.
You can hedge, but you have to pay attention to commissions - they are not that low.
I studied a lot of Fondex reviews and the name of the broker always associated with its platform - cTrader. It greatly intrigued me and I made up my mind to have a try. What’s special in this terminal? That question kept bothering my mind from morning till night. So, I thought that I would lose nothing if I try and it worked! People are often afraid of doing anything that differs from what they are used to doing. Fortunately, I don’t belong to this category.
My acquaintance with cTrader was quite trouble-free and intriguing. It’s so user-friendly that I can compare it with a toy. However, don’t think that it’s just sleek as a New Year tree and nothing else. On the contrary, it greatly outperforms MTs in terms of functionality. With this platform, I can analyse charts more accurately because I have more timeframes than in any other terminal. Besides, it allows me to see the exact number of selling and buying orders on the market. This feature is known as the depth of the market. It allows me to learn to currently wins: bears or bulls.
I guess my acquaintance with such an advanced trading platform as cTrader would have never been reality but Fondex did it and I’m grateful for this. Moreover, this broker allows to trade some assets without commission, so don’t miss this opportunity. As for cTrader, it offers more timeframes than even Metatrader 5 and comes with the depth of the market feature, using which you can see who currently dominates the market: bears or bulls.
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.
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