155 reviews of Fondex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
There are several reasons why I started trading with Fondex and so far I am completely satisfied with trading. At least, I got everything I expected, even a little better.
1. A handy cTrader platform. Many traders compare it with MT4, but I don't think this comparison is appropriate as cTrader is much more naive and ready-to-use. Yes, it is not as popular as MT4, but it is more convenient and does not tire you out, so you can trade more, which means you will earn more.
2. The spreads in Fondex are lower than the average in the market. Don't forget that I compare it with other cTrader brokers. Of course, if you compare with MT4 brokers, you can find a broker with spreads lower than Fondex offers. However, among cTrader brokers, Fondex is out of competition.
3. many assets and various ways to withdraw funds. I made only one withdrawal, but I liked the way it works.
Brokers are all the same. I'm wondering why some people leave comments like wow, this broker actually let m e withdraw my profits. Come on, why would you even work with the broker that you suspect can take your money and run?!
OK, this one is regulated, so forget all about withdrawals its a must!
Fees are acceptable. Some people say they've got the best trading policy on the market. Well, if you are ok with MT4, you can probably find even lower commissions. For me cTrader is something that is more mportant than slightly better spreads, so I'm ok with the fees too.
I started trading a few times and left this business a few times because it seemed to me that there were no prospects or maybe I didn't have the knowledge or experience to deal with this tension. In fact, I don't see anything wrong with the fact that sometimes people give up things that don't bring them pleasure and money. On the other hand, I am glad that I have returned to trading, just at a better time for myself.
When I started working in the market, I had another broker. I cannot say that there were optimal conditions, there were quite often some delays and even slippages. Now I see that there is no problem with it, at least in this company, or maybe the technology has really moved forward. The commissions and spreads here range from $1 to $10 depending on the type of asset. I work with large capital, so for me it is almost invisible...
First of all, brokerage has no dumb restriction. Algorithms allowed, EAs allowed, scalping allowed. I really hate all brokers that restrict traders in some services, good that this brokerage has no restrictions
Secondly, there's Seychelles regulation. That's very strange, as that's unreliable regulation. Yeah, company has also CySEC regulation, but why you need Seychelles than?
And the last one - No mobile app for automated trading. CTRADER has good automated trading feature, but no mobile app...
I am not too picky and was choosing the brokerage based on 3 criterias only:
- must support cTrader
- must have low trading fees (I'm scalping, so this is important)
- must be regulated
This broker matched all three perfectly well and currently I'm rather pleased with the choice. Moreover, the trading fees turned to be even lower than I expected, as some assets like indices have got bare spreads and zero commissions.
Just good broker, with fast withdrawals and CySEC regulation. The main advantage for me was that the brokerage offers the best spreads among other cTrader brokers. They're 20-30% lower than offered by other companies, I think that's strong advantage.
When I started trading here, after 6 month I felt confident enough with my trading results to start participating in the copy-trading rankings as a master account. It turned out though that the competition is ultra-high here. Finally I learnt that this copy-trading platform is a pool of systems from all cTrader users, not just for this particular broker’s clients. Extremely difficult to compete with all these traders :( They should have warned about it! On the other hand... this opens your master system to other cTader users, from all the other brokers that support the platform, so it might happen there is the other side of the coin. You never know..
Fresh broker, so it was interesting for me to test it. What boosted my interest - cTrader platform. I was looking for cTrader broker a long time ago, but there was no brokerage with good trading conditions, spreads were really high in any of them, so I rejected this idea. Fondex was my chance to try cTrader brokerage. Some points that I noticed:
1.Minimum deposit is $0, so you can start trading with any amount of money, brokerage doesn't restrcit you
2. There's algotrading, for me that was important, as I'm using algorithms. There's cBots, you can even write your own trading alggorithms, if you know how
3. No order limit, if you're trading multi assets, that can be important
Overall, I'm satisfied, at least among cTrader brokers Fondex is good.
The company has got quite a few advantages, yet I believe spreads and trading fees is definitely the biggest one.
Crypto and indices have no commissions, but spreads only. BTCUSD average spread is only $10. The collest offer ever among CFD brokers, from what I know.
Spreads are not fixed here, they are same for all traders and depend on the market situation as gthey actually should. The average spreads and real-time spreads values can be found at the broker's official site and I absolutley love this transparency.
Fondex is new and 'on paper' it looks quite well - with allowed scalping and low spreads. I've tried demo account - looks quite well, but I think that brokerage need to have more experience to be trusted, so I will wait a little bit.
I hope MT developers will pardon me, but in comparison to cTrader that I was fortunate to try with this broker, Metatrader platform is a real creep. I know its reliable, tested with time, as people say, yet it really is creepy as your grandma's old sofa.
The broker itself is good, it's not just about the platform. They offer favorable trading conditions and have got helpful customer support. Don't hesitate trying!
The broker is nice in terms of customer service, withdrawals and trading fees. Have been working with them for severla months now, all good.
I changed my brokerage to Fondex for one simple reason - I came interested in sync trading and Fondex offers such opportunity. I trade on my own and want to have separate copy trading account to earn passive income as well. Fondex was one of a few brokers that offer good copy-trading and trading features combined.
First of all, registration process is simple. Mb for sb I sound weird, but there's really dozens of brokers that have painful registration system, good that Fondex make resistration and all info accessible. What Impressed me the most - open info about spreads and their history, so you're free to check them out.
Secondly, there's really great list of assets, including crypto
And the last (but ofc not least) - support service is really nice, I've checked that out :)
Trading there for 3 month, started with $500, now increased for $2,000. See some cons and pros as well. The main cons - min lot is 1 for many assets, but the most popular and indices are as low as 0,01. I like to trade exotic assets, so that's causees some difficulties for me with position size adjustments.
Alright, the broker is definitely a good find in terms of spreads and other trading fees. Spreads are variable and transparent. EURUSD goes up to 1.5-2 pips at themarket openings and is much lower than that during less volatile times. Roundturn per 1 lot is $5 for the same asset.
Withdrawals are only via bank wire and bitcoin, which is a bit annoying.
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