57 reviews of Fondex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Great enough brokerage with unusual trading platform. I didn't know nothing about cTrader so for me that was hard to get used to this trading platform but after a month of trading I understood that it's one of the best platforms.
First of all, because it has many features copy-trading, automated trading and so on. Also, cTrader design is much better than MT4 design. It's more native and easy-to-use.
Secondly, it still supports algotrading and Expert Advisors (that are called cBots)
Oh, well, I can talk about trading for a long time, because firstly, I have been doing it for a huge amount of time, and secondly, it has become some new stage in my life, thanks to which I feel more confident and began to earn as much as I want, rather than limiting myself to what I can do.
I've come all the way through and I'm going through in this company, because I've seen the harsh but competent working conditions here.
Here I learned how to scalp, it turned out that this is optimal for me.
Variable spreads have also become a certain help here, because it immediately teaches you to work independently and correctly. So I think you can learn everything.
Fondex is a normal broker. I didn't really like its approach to trading (personal feelings), but I'm just delighted with its trading conditions.
Because if you like cTrader trading platform, I have good news for you! This brokerage has the best trading conditions for this trading platform.
My favorite thing lately is to trade with cryptocurrencies. And the broker's trading conditions for them - no commission and $10 spread on BTC/USD (which is quite profitable).
I also like that a broker has floating spreads, and there is no confusion. And all by the fact that real time spreads are displayed on the brokerage website, you can see how spreads change during the day. That sounds pretty cool to me, and it makes the broker stand out.
But if you're new, or if you'd like a broker to help you with your training, then that's the minus of a broker. cTrader doesn't have a lot of training opportunities, which I think is not cool.
I'm 100% satisfied that I changed my broker and started trading with this one.
In fact, I had several reasons to do this:
1. Low spreads. Broker charges commission + spreads and in general it's quite profitable, especially if you trade large volumes
2. cTrader platform is one of the best platforms I have ever traded with.
3. Algotrading is allowed
I have been interested in trading for a long time precisely because there is always room for experiments and something new and really right. And it seems interesting to me and I try to enjoy it.
Now let's talk about the company. I don't know how it meets all the modern requirements. It's okay for me here. I've heard other opinions, but it's okay, we're all too different on the market.
I work here both on a demo to test the strategies and on a live account. There are different assets here, over 1000 in total. Withdrawals are non-problematic, yet at the moment the amount of the funds withdrawn does not exceed the initial deposit. so the info is not 100% reliable.
I think that every person in this business strives to trade in the most optimal, I would even say calm conditions. We also have enough dynamics from the market side.
That's why I chose this company for example. That is why the conditions that are presented here seemed to me to be optimal. First of all, I was interested in working with algorithms and low spreads, and the leverage up to 1:500 - this is really cool for me and my strategy.
Overall good brokerage, I like cTrader platform, it's much better than MT4. The only one reason why I'm trading there is platform actually. Look, it has everything I want to have, including cBots, EAs for cTrader.
What else I like so much are tight spreads, here they're 20-25% lower than with other cTrader brokers...
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.
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